A three-pronged approach was followed for deducing the u.s. ambulatory surgery center market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:
Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for u.s. ambulatory surgery center market to gather the most reliable and current information possible.
Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of u.s. ambulatory surgery center market data depending on the type of information we’re trying to uncover in our research.
Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.
Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.
Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.
Qualitative Functional Deployment (QFD) Modelling for market share assessment.
Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.
Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.
Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.
This step also entails the finalization of the report scope and data representation pattern.
Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.
The u.s. ambulatory surgery center market was categorized into four segments, namely specialty (Cardiology, Respiratory, Orthopedics, Pain Management/Spinal Injections, Gastroenterology, Ophthalmology, Plastic Surgery, Otolaryngology, Obstetrics/Gynecology, Dental,Podiatry), ownership (Physician-Owned, Hospital-Owned, Corporate-Owned), center type (Single-Specialty, Multi-Specialty), device type (Cardiology, Orthopedics, Pain Management/Spinal Injections, Ophthalmology, Spinal Surgery, Respiratory), and regions (Southeast West Midwest Northeast Southwest).
The u.s. ambulatory surgery center market was segmented into specialty, ownership, center type, device type, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:
Demand estimation of each product across countries/regions summed up to from the total market.
Variable analysis for demand forecast.
Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.
Primary interviews for data revalidation and insight collection.
Used extensively for new product forecasting or analyzing penetration levels.
Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.
Primary interviews and vendor-based primary research for variable impact analysis.
The u.s. ambulatory surgery center market was analyzed at a regional level. The region was divided into Southeast, West, Midwest, Northeast, Southwest, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-five countries, namely,
All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.
The u.s. ambulatory surgery center market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:
Envision Healthcare Corporation -Envision Healthcare Corporation is a leading provider of physician-led services, post-acute care, and ambulatory surgery services. The company delivers physician services, primarily in the areas of emergency & hospitalist services, anesthesiology services, radiology/teleradiology services, and children’s services to more than 1,800 clinical departments in healthcare facilities in 45 states & the District of Columbia.
Tenet Healthcare Corporation -Tenet Healthcare Corporation is a diversified healthcare services company. The company focuses on integrated healthcare delivery networks in the U.S. The company operates hospitals and other healthcare facilities, which include urgent care centers, ASCs, surgical hospitals, imaging centers, off-campus emergency departments, and microhospitals.
Mednax Services, Inc. - Mednax Services, Inc. is a U.S.-based company that provides physician services pertaining to teleradiology, newborn, radiology, pediatric cardiology, and other pediatric specialty care. The company’s affiliated physicians provide pediatric intensive care, hospital-based pediatric care, pediatric cardiology care, and pediatric ENT & ophthalmology services across 41 states & Puerto Rico. Mednax Services, Inc. also provides radiology, teleradiology, RCM, and consulting services across the U.S.
TeamHealth - TeamHealth, a subsidiary of The Blackstone Group, is a U.S.-based company that offers staffing, administrative support, and management services for various healthcare providers, ranging from hospital-based practices to post-acute care & ambulatory centers. The company has more than 19,000 clinicians across the U.S., attending to patients in around 3,400 acute & post-acute care facilities. The company offers quality staffing, administrative support, and management services. The company consists of residents, physicians, medical directors, and advanced practice clinicians.
UnitedHealth Group -UnitedHealth Group is a health and wellbeing company that offers its clients two distinct platforms—UnitedHealthcare and OPTUM. UnitedHealthcare provides healthcare coverage and other benefits to its clients, and OPTUM provides IT-related healthcare services to ambulatory service providers. The company offers its services throughout the U.S. and in more than 130 other countries worldwide.
Quorum Health - Quorum Health primarily operates general & acute care hospitals. The company focuses on facilitating sustainable healthcare solutions for communities.
Surgery Partners - Surgery Partners provide different healthcare services, such as diagnostic laboratories, multispecialty physician practices, and anesthesia services. The company is among the top multispecialty facilities with a strong service offering in musculoskeletal procedures. The company is involved in physician engagement and partnerships with ASCs, surgical hospitals, & other healthcare systems.
Community Health Systems, Inc. - Community Health Systems, Inc. is one of the leading operators of general acute care hospitals. The affiliated hospitals of the company offer quality healthcare for local residents and contribute to the economic development of their communities. On the basis of requirements of the communities, these hospitals offer a wide range of diagnostic, medical, and surgical services in inpatient & outpatient settings.
SurgCenter - SurgCenter has more than 200 centers across 26 states in the U.S. The company partners with local surgeons to develop ASCs and treats around 210,000 patients annually. The facility performs more than 12,000 joint replacements annually, in which around 4,800 surgeries are performed in its ASCs. SurgCenter facilities perform over 3,800 laminotomies, laminectomies, & spinal decompressions per year, along with fusions and disc replacement procedures. It mainly focuses on orthopedics and otorhinolaryngology procedures.
Prospect Medical Systems - Prospect Medical Systems is a healthcare provider that facilitates quality healthcare across the U.S. The company has 17 hospitals in 5 states, as well as more than 165 primary & secondary clinics in California, Connecticut, New Jersey, Pennsylvania, Texas, and Rhode Island. It has an innovative operating model for improved coordinated services, increased quality, and enhanced overall patient care.
Supply Side Estimates
Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.
Segment revenue determination via variable analysis and penetration modeling.
Competitive benchmarking to identify market leaders and their collective revenue shares.
Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.
Demand side estimates
Identifying parent markets and ancillary markets
Segment penetration analysis to obtain pertinent
revenue/volume
Heuristic forecasting with the help of subject matter experts
Forecasting via variable analysis
Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.
Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.
Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 - 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.
The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.
The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.
We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.
All market estimates and forecasts have been validated through primary interviews with the key industry participants.
Inflation has not been accounted for to estimate and forecast the market.
Numbers may not add up due to rounding off.
Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).
Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).
Latin America includes Central American countries and the South American continent
Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.
GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.
We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:
Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.
Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.
The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.