In terms of revenue, the Global Ambulatory Surgical Center Market is expected to reach USD 7.53 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 27.6% from 2022 to 2028. Increasing demand for minimally invasive surgeries, increase in the number of surgeries as well as increasing chronic diseases prevalence, are anticipated to drive the Ambulatory Surgical Center market over the forecast period.
- Under the products and services segment, the conventional clinical solutions sub-segment is anticipated to dominate the growth of the Ambulatory Surgical Center market at a substantial Compound Annual Growth Rate (CAGR) in 2021. The growth is attributed due to the increasing healthcare costs as well as improved efficiency of healthcare services to reduce medical errors.
- The Services component segment held a significant Ambulatory Surgical Center market share in 2021, owing to the introduction of complex software and mounting demand for consulting & outsourcing of various healthcare processes.
- North America is the largest regional segment. This is due to the high adoption of ambulatory surgical centers and an increasing number of surgeries performed in the region.
Some of key players in Ambulatory Surgical Center market include - 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.
Over the past few decades, the population across the globe is increasing explosively. Thus, resulting in steep growth of the geriatric population as well as disease prevalence. Consequently, increasing the demand for healthcare services. According to World Health Organization (WHO), cancer is the most common cause of death across the globe. Tobacco use as well as alcohol consumption, and lack of physical activity are increasing across the globe, thus increasing cancer prevalence. Around one-third of deaths from cancer are due to tobacco consumption. Around 830,000 deaths were caused by liver cancer in 2020. Cancer is accounting for nearly 10 million deaths in 2020. Additionally, owing to the busy lifestyle, and unscheduled diet pans, as well as lack of exercise, is leading to lack of nutrition in body and increasing disease prevalence. Moreover, changing trend towards sports as a career, and increasing accident prevalence increases the number of surgeries. Thus, it increases the demand for Ambulatory Surgical Center (ASC) in the market and further propels the market growth over the forecast period.
North America is expected to emerge as potential market for Ambulatory Surgical Center market. This is due to its increasing adoption of ambulatory surgical centers for reducing the soaring healthcare costs in the region. Also, the presence of major manufacturers in the regions is anticipated to fuel the market growth over the forecast period.
Asia Pacific is anticipated to grow at the fastest Compound Annual Growth Rate (CAGR) over the forecast period. The market growth in the region is attributed due to the presence of emerging economies as well as a large base of population. For instance, according to National Statistical Office (NSO), the elderly population in India is increasing steadily since 1961 and touched 13.8 crores in 2021. Hence, the presence of the most populated countries in the world such as China and India is further propelling the market growth.