Ambulatory surgery centers provide outpatient procedures and surgeries without an overnight hospital stay. They offer the benefits of specialized medical care, along with cost savings and convenience.
The global U.S. Ambulatory Surgery Center Market is estimated to be valued at US$ 65.58 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends in the U.S ambulatory surgery center market is the increased adoption of minimally invasive surgeries. Minimally invasive surgeries use fewer incisions and smaller equipment compared to traditional open surgeries. This results in reduced post-operative pain, shorter hospital stay, and quicker recovery time for patients. As such, the use of minimally invasive techniques enables ambulatory surgery centers to facilitate more complex surgeries on an outpatient basis, driving market growth.
Strength: The growing demand for cost-effective healthcare treatments and the rise of specialized healthcare centers across the US are expected to boost market growth. The increasing preference for outpatient surgeries among patients further supports market growth.
Weakness: Lack of trained surgeons and cost-related issues with setting up advanced ASCs can hamper market expansion to some extent.
Opportunity: The rising geriatric population susceptible to chronic diseases offer scope for ASCs. Further, technological advancements enabling complex procedures to be performed on an outpatient basis present new opportunities.
Threats: Stringent regulatory policies and reimbursement issues related to ASC services remain longstanding threats. Increasing preference for in-home healthcare may also challenge market growth.
The global U.S. Ambulatory Surgery Center Market size is expected to witness high growth, exhibiting a CAGR of 5.2% over the forecast period, due to increasing preference for minimally invasive surgeries and rising demand for cost-effective treatment alternatives.
The western region holds the largest share in the U.S. ASC market and is estimated to continue dominating over the forecast period due to a high concentration of healthcare facilities and ASCs in states like California, Washington, and Nevada. The southern region is expected to register the fastest growth attributed to the rapid expansion of ambulatory surgery infrastructure across states like Florida, Texas, and North Carolina.
Key players operating in the U.S. Ambulatory Surgery Center market are AmSurg Corp., Getinge Group, Tenet Healthcare, Regent surgery Health L.L.C, Covenant surgery Partners Inc, and Surgery Partners. These companies collectively account for a substantial market share owing to their diverse service portfolio and nationwide presence. Strategic acquisitions remain a key growth tactic for the prominent players to strengthen their market position.
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it