Ambulatory Surgical Center Market

Market Synopsis:

Global Ambulatory Surgical Center Market is valued at USD 2.54 Billion in 2021 and is projected to attain a value of USD 7.53 Billion by 2028 at a CAGR of 27.6% during the forecast period, 2022–2028. Increasing demand for minimally invasive operations, technological advancements in surgical instruments and equipment, and surgeon discretion over equipment selection are all contributing to the Ambulatory Surgical Center Market's growth. Rising healthcare prices are a key source of concern for the business, and with them comes the issue that many people cannot afford treatment, including surgical operations. As a result, healthcare providers have been forced to come up with novel ways to make such treatments more inexpensive while maintaining high quality. In this situation, Ambulatory Surgical Center have proven to be a viable option.

The COVID-19 pandemic has wreaked havoc on many people's lives and companies on a massive scale. Businesses and commercial activity around the world have been severely disrupted by the outbreak. To relieve the load on the healthcare system and reduce disease transmission, various governments throughout the world have issued instructions to postpone or delay non-essential medical and surgical treatments. Travel, commercial operations, public meetings, gaming or gambling venues, casinos, health clubs, fitness/wellness centres, and shelter-in-place orders were all subjected to restrictions and lockdowns, all of which hampered market expansion.

Upsurging Healthcare Costs Worldwide are Anticipated to Boost Product Demand

The cost of healthcare is increasing day by day due to increased demand, making it difficult for the lower middle class and middle class to afford it. As a result, patients prefer Ambulatory Surgical Center than hospitals since they are more cost-effective. Every year, many prosperous countries spend around 10% of their GDP on health. Given the rise in sicknesses, the number is expected to rise. The cost of drugs is increasing. Furthermore, medical practitioners' lucrative remuneration packages are another element putting strain on people's wallets.

High-Cost Pertaining to Setting up an Ambulatory Surgical Center Hampers Market Growth

The high cost of establishing the necessary infrastructure, as well as a scarcity of skilled professionals, are expected to stifle market growth. Even though ambulatories are known for offering patients with cost-effective medical operations, the initial cost of establishing all necessary infrastructure, such as buildings, equipment, and other medical apparatus, is too high, which may pose a threat to the market's growth. Furthermore, a scarcity of qualified workers with sufficient knowledge could stifle the expansion of the Ambulatory Surgical Center industry, since doctors and experts want people who are a cut above the rest.

Market Segmentation:

Global Ambulatory Surgical Center Market can be segmented by Technology into Ophthalmology, Orthopaedics, Gastroenterology, Pain Management/Spinal Injections, Plastic Surgery and Others. Based on Region, the Ambulatory Surgical Center Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

North America to Continue Dominating the Ambulatory Surgical Center Market

In 2020, North America dominated with the highest revenue share. The expansion of this segment is due to factors such as a high level of public awareness about the existence of such services. According to research, the United States has over 9,000 active Ambulatory Surgical Center around the country, and the number is expanding due to the high cost of hospital care. On the other hand, the existence of major medical corporations is another important element driving the a Ambulatory Surgical Center industry because they can afford to invest in such facilities.

Key Players:

Key industry contributors include Community Health Systems, Inc.; Envision Healthcare Corporation; Terveystalo; Tenet Healthcare Corporation; MEDNAX Services, Inc.; TeamHealth; Quorum Health Corporation; UnitedHealth Group; Surgery Partners; and Healthway Medical Group.

Ambulatory Surgical Center Market is segmented as follows:

Ambulatory Surgical Center Market is tabulated as follows: