Global Ambulatory Surgery Center (ASC) Services Market to clock a growth rate of 6-7% by 2027 - Market Trends, Analysis and Dynamics

 

Increasingly growing demand for minimally invasive procedures, rising incidence of chronic illnesses, and a growing push towards outpatient treatments to cut healthcare expenses are some of the main drivers driving the growth of the worldwide ASC services market.

Ambulatory surgical centers (ASCs) are Enhanced, cutting-edge outpatient surgical clinics that specialize in a variety of same-day treatments, including diagnostic and preventative operations. Individuals looking to efficiently control healthcare expenditures should consider ASCs. These Healthcare facilities predominantly assist people whose medical issues do not necessitate an overnight stay in a hospital. Medical care is performed outside of traditional hospitals, and patients are frequently allowed to depart quickly after their operation is done.

Ambulatory Surgery Center Market Trends & Dynamics Evolution

Cost efficiency is critical to the growth of the ASC industry since these facilities frequently provide high-quality care at a cheaper cost than hospitals, making them an appealing alternative for patients and insurance carriers. The Geriatric global population has also helped market growth, since there is an increased demand for surgical operations, and ASCs are well-suited to meet the demands of this demographic. 

For instance,

  • In November 2021, Effingham Ambulatory Surgery Center, in collaboration with United Surgical Partners International (USPI) and Sarah Bush Lincoln Health System (SBLHS), will launch a new complete joint program . From pre-surgery planning through post-operative rehabilitation, this program will provide tailored patient assistance. 

Government support in the form of regulatory measures and reimbursement standards has been crucial in promoting the growth of ASCs. Additionally, due to tailored and pleasant treatment, the patient experience at ASCs has resulted in higher levels of patient satisfaction. The COVID-19 outbreak highlighted the significance of maintaining discrete, efficient healthcare environments for elective procedures, putting ASCs in the spotlight due to their concentration on outpatient treatments. Partnerships between providers and surgical center management and development groups are expected to accelerate the growth of the ASC services market.

Rising Outpatient Care Demand, ASC Capabilities to Execute Complicated Surgeries, ASC Convenience and Cost-Effectiveness - Major Aspects Pushing the Ambulatory Surgery Center Market

A number of main reasons have contributed to the rapid growth of the ambulatory surgery center (ASC) sector in recent years. The most crucial driver is the increased need for outpatient therapy, with ASCs providing a convenient and cost-effective alternative to traditional hospital-based operations. Additionally, developments in medical technology have boosted the amount of treatments that ASCs can do, including more complex procedures, which adds to their allure assuring patient accessibility and flexibility.

For instance,

  • In August 2022, St. Mary's Ambulatory Surgery Center (SMASC), an affiliation of United Surgical Partners International (USPI) and Bon Secours, achieved a significant milestone by launching the first ambulatory surgery center in Virginia to employ an intelligent knee implant during total knee replacement surgery. This innovative technology aims to enhance the patient's recovery period, with a particular focus on improving postoperative physical therapy and mobility 

North America Dominates for the Largest Share of the Global Ambulatory Surgery Center Market

The growth of the North American ambulatory surgery center market is being driven by growing government support for primary care services, better accessibility and coverage of outpatient services, and the presence of strong major players in the area.

During the projection period, the Asia-Pacific area is expected to develop rapidly. The growth of outpatient clinics may be ascribed to increased healthcare expenses caused by an increase in chronic illness incidence, an aging population, significant healthcare spending, and rising hospitalization rates. These elements are anticipated to drive market expansion in this area.

Competitive Landscape Analysis of the Ambulatory Surgery Center Market

The key players operating in the market include AMSURG, United Surgical Partners International (USPI), Tenet Healthcare, Surgery Partners, Surgical Care Affiliates (SCA), and Regent Surgical Health among others.

Organic and Inorganic Growth Strategies Adopted by Players to Establish Their Foothold in the Ambulatory Surgery Center Market

Players operating in this market are adopting both organic and inorganic growth strategies such as collaborations, and acquisitions to garner market share. For instance,

  • In November 2021, Tenet Healthcare Corporation and its subsidiary United Surgical Partners International (USPI), announced that they have entered into an agreement with SurgCenter Development (SCD) to acquire SCD. Under the terms of the agreement, Tenet/USPI will purchase SCD’s ownership stake in 92 ambulatory surgery centers (ASCs) and other related ambulatory support services

The ASC services market is expanding and is likely to expand more in the next years as demand for cost-effective outpatient services grows, reimbursement regulations improve, and companies pursue aggressive organic and inorganic expansion strategies.

For more granular insights and a free sample PDF please visit @ https://meditechinsights.com/ambulatory-surgery-center-asc-services-market/

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