Ambulatory Surgical Center Market is Expected to Grow with a CAGR of 27.6% from 2022 to 2028
The Global Market accounted for USD 2.54 Billion in 2021.
Ambulatory surgery cares are the health care facilities that can provide surgical care on the same day, including preventive procedures and diagnostic. These centers are also used to transform the outpatient experience into hospital-based outpatient procedures by maintaining quality care and giving positive patient outcomes.
Factors such as the shift from inpatient to outpatient surgical procedures, increasing need to minimize the escalating healthcare costs, and rising demand for IT solutions for better management such as remote patient monitoring, telehealth and health are influencing the growth of Market in upcoming years.
Increasing demand for Ambulatory Surgical Cares from physicians, surgical care-patients, and insurers are accelerating the high growth of the market in coming years. These centers provide various benefits such as efficient physician practice, high level of service quality, high levels of patient satisfaction, and cost-saving. These benefits are also responsible for augmenting the growth of the Market over the projected time period.
Nowadays, chronic disorders are increasing at a high pace. This is one of the major causes of mortality and disability in various developing and under-developing countries. This chronic disorder is majorly caused because of excessive use of alcohol, lack of physical activity among adults, sedentary lifestyle, poor nutrition, and tobacco consumption. Thus, the rising number of chronic disorders is augmenting the growth of the Market over the projected years.
The COVID-19 outbreak has affected various industries worldwide. Governments across the world took severe actions like border seals, lockdown, and implementing strict social distancing measures, in order to stop the swift spread of COVID-19. This resulted in the postponed non-essential surgeries to curb community transmission of the COVID-19 disease. This move decreased the count of ambulatory visits and hampered market growth.
North America holds maximum share of Market in 2021. The factors such as a large focus on reducing the soaring healthcare costs and rising volume of surgical procedures performed are expected to influence the growth of the Market in this region. In addition, the large presence of significant market players such as McKesson Corporation (US), Epic Systems Corporation (US), Cerner Corporation (US), Allscripts Healthcare Solutions, Inc. (US), and Philips Healthcare (Netherlands) is also responsible for flourishing the growth of Market in this region.
Some of the prominent players operating in the Global Market are Community Health Systems, Inc., Envision Healthcare Corporation, Terveystalo, Tenet Healthcare Corporation, MEDNAX Services, Inc., TeamHealth, Quorum Health Corporation, UnitedHealth Group, Surgery Partners, Healthway Medical Group.