Ambulatory Surgery Center Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The ambulatory surgery center market is Segmented by Center Type (Single Specialty Centers and Multispecialty Centers), Modality, (Hospital Based Ambulatory Surgical Center and Freestanding Ambulatory Surgical Center), Application (Gastroenterology, Ophthalmology, Orthopedics, Pain/Neurology, and Others ) and Geography (North America, Europe, Asia Pacific, Middle-East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Market Snapshot

Ambulatory Surgery Center Market Size
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: North America
CAGR: 5.8 %

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Market Overview

The Ambulatory Surgery Center Market is expected to witness a significant CAGR of 5.8% during the study period, 2022-2027.

In recent times, countries have faced a huge threat of COVID-19. As per the World Health Organization (WHO), coronavirus disease is an infectious disease, and most people infected with the COVID-19 virus will experience mild to moderate respiratory illness. The ambulatory surgery center market was significantly impacted during the COVID-19 times due to the rising demand for critical care for COVID-19 positive patients and an increase in its diagnosis. As per the study “COVID-19: Role of Ambulatory Surgery Facilities in This Global Pandemic,” published in July 2020, ambulatory surgery facilities (ASF) that perform only elective procedures were likely to be closed. However, these facilities were assisting acute care hospitals as essential (urgent and emergent) surgeries, and diagnostic and therapeutic procedures will still need to be performed. Thus, ambulatory surgery centers played an important role in the COVID-19 times, thereby leading to significant growth of the market.

The factors propelling the studied market growth are the growing burden of chronic diseases, increasing demand for surgeries, and increasing shift towards ambulatory surgery centers. In addition, new product launches and strategic initiatives taken by the key market players will further drive the market growth.

The high prevalence rate of neurogenerative disorders like Parkinson’s disease, Alzheimer’s disease, etc., is expected to boost the market growth over time. According to Parkinson’s News Today 2021, an estimated seven to 10 million people worldwide have Parkinson’s disease, and approximately 60,000 Americans are diagnosed with this disease, thus, increasing the demand for its fast and effective diagnosis, thus leading to significant growth of the market.

Additionally, strategic initiatives such as product launches, mergers, and acquisitions, partnerships, and others will also lead to lucrative growth of the market. For instance, in January 2021, HST Pathways launched a premier membership program for ambulatory surgery centers (ASCs), “HST One.” This membership program will enable its end user to select bundled popular products as part of their membership, with the flexibility to add on additional services as needed. Such initiation of delivering customized services at ambulatory surgical centers will attract a greater number of patients and will lead to significant growth of the market.

Furthermore, in November 2021, Effingham Ambulatory Surgery Center, an affiliate of United Surgical Partners International (USPI) and Sarah Bush Lincoln Health System (SBLHS), entered into a joint venture agreement and launched a new total joint program. This program will provide one-on-one support for the patient from the time they are scheduled for surgery through postoperative recovery. Such initiatives by market players will help in improving the quality of care delivered, thereby fueling market growth.

Moreover, the entering of new market players into the ASC market indicates that the market has a huge potential to grow in the future. For instance, in July 2020, Stryker launched ASC focused business, which will be committed to delivering tailored solutions for ASCs to achieve their mission and goals. This will expand the product offering of Stryker, thus helping in providing better services in the ambulatory surgery center which will further boost the studied market.

Therefore, owing to the aforementioned factors, the studied market is expected to grow significantly during the study period. However, huge investments and time required for product development are expected to hinder the market growth during the study period.

Scope of the Report

As per the scope of the report, ambulatory surgery centers are modern health care facilities focused on providing same-day surgical care, including diagnostic and preventive procedures. The ambulatory surgery center market is Segmented by Center Type (Single Specialty Centers and Multispecialty Centers), By Modality, (Hospital-Based Ambulatory Surgical Center and Freestanding Ambulatory Surgical Center), By Application (Gastroenterology, Ophthalmology, Orthopedics, Pain/Neurology, and Others ) and by Geography (North America, Europe, Asia Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Center Type
Single Speciality Centers
Multispeciality Centers
By Modality
Hospital-based Ambulatory Surgical Center
Freestanding Ambulatory Surgical Center
By Application
Gastroenterology
Ophthalmology
Orthopedics
Pain/Neurology
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Orthopedics Segment is Expected to Account for the Large Market Share During the Forecast Period

Orthopedic surgery is performed on the musculoskeletal systems in the body due to some diseases, disorders, trauma, accidents, or any conditions, which includes bones, joints, and adjacent soft tissues. The most common orthopedic surgeries are arthroscopy, soft tissue repair, hip and knee or any other joint replacement, and bone fracture repair, among others.

The orthopedic segment is expected to grow significantly over the study period due to the growing burden of orthopedic surgery and rising strategic initiatives by market players. The volume of knee and hip replacement surgeries increased in recent years, which has positively impacted the growth in the segment in the electrosurgical devices market. For instance, as per the June 2021 report of the Canadian Institute of Health Information, 63,496 hip replacements and 75,073 knee replacements were performed in the period 2019-2020 in the country. Moreover, there was an average increase of about 5% in recent years in the knee and hip replacement procedures in the country.

According to the research study published in January 2020, titled “Ambulatory Surgical Centers: Improving Quality of Operative Spine Care?”, ASCs provide safe and efficient surgical management of spinal conditions; however, as more procedures shift from the hospital to the ASC, rigorous quality and safety data collection is needed to define patient appropriateness and track variability in quality-related outcomes. Hence, with the increase in orthopedic procedures, there may be a huge demand for ambulatory surgery centers, thus driving the market.

Furthermore, the geriatric population is at major risk of orthopedic diseases and disorders, and with the rising share of the geriatric population around the world, the orthopedic segment is expected to have high growth over the forecast period.

Additionally, strategic initiatives taken by the market players, such as partnerships, mergers, and acquisitions, among others, are expected to drive the segment growth. For instance, in February 2022, EMU Health and NYU Langone Orthopedics entered into a collaboration to launch a new Outpatient Joint Replacement Program to provide specialized joint replacement surgery in an ambulatory care center, thereby fueling the segment growth.

Thus, due to the above-mentioned factors, the studied segment is expected to contribute to the significant growth of the market.

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North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

The primary driving factors for the growth of the North American ambulatory surgery center (ASC) market are the increasing prevalence of chronic diseases, increasing demand for surgeries, increasing product launches, and rising strategic initiatives by key market players.

The United States within North America is expected to hold a significant share of the studied market during the study period. For instance, According to the Kidney Disease Statistics 2021 for the United States, Chronic kidney disease (CKD) affects more than 1 in 7 United States adults, and it is estimated that 37 million Americans suffer from kidney disease in this country. The growing burden of CKD in the country will increase the demand for its diagnosis and therapeutics, thereby driving the market.

Additionally, the article titled “Shifting Common Outpatient Procedures to ASCs Can Save Consumers More than USD 680 per Procedure,” published in September 2021 by UnitedHealth Group, suggested that shifting outpatient procedures for non-complex commercially insured individuals to ASCs would reduce spending by 59% and save USD 684 on average per outpatient procedure. Thus, cost-effective diagnostics and therapeutics with ASC will attract more consumers, thereby driving the market.

Moreover, strategic initiatives taken by the key market players, such as partnerships, initiation of new programs, and mergers ad acquisitions, among others, will drive the market growth. For instance, in March 2021, Ascension signed an agreement with Regent Surgical Health, a developer, owner, and manager of ambulatory surgery centers (ASCs). Through this partnership, Ascension and Regent will develop or acquire and operate ambulatory surgery centers across the communities Ascension serves, providing patients with convenient access to high-quality outpatient surgical services.

Furthermore, in October 2021, United Surgical Partners International (USPI) entered into a definitive agreement with Compass Surgical Partners to purchase its ownership and management interests in nine ambulatory surgery centers (ASCs). This will help in providing well-established ASC across the country, thus driving the market.

Therefore, due to the above-mentioned factors, the studied market is expected to lead to lucrative growth of the market in North America.

Ambulatory Surgery Center Market Growth

Competitive Landscape

The ambulatory surgery center market is moderately competitive. The studied market is boosted by the strategic initiatives such as mergers and acquisitions and partnerships adopted by the key market players. The major players in the market are AMSURG, Tenet Healthcare, HCA Healthcare, Surgical Care Affiliates, Cerner Corporation, and Others.

Recent Development

  • In February 2022, South Shore Surgery Center launched the ambulatory robotic joint replacement program on Long Island in a freestanding facility to perform total robotic knees, robotic anterior total hips, and robotic partial knee replacements.
  • In January 2022, ValueHealth LLC, the nationally recognized one of the leaders in Ambulatory Centers of Excellence (ACE), entered into a joint-venture partnership with Penn State Health, which has become a part owner of the Surgery Center of Lancaster.

The ambulatory surgery center market is moderately competitive. The studied market is boosted by the strategic initiatives such as mergers and acquisitions and partnerships adopted by the key market players. The major players in the market are AMSURG, Tenet Healthcare, HCA Healthcare, Surgical Care Affiliates, Cerner Corporation, and Others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Burden of Chronic Diseases and Surgeries

      2. 4.2.2 Shift Towards Ambulatory Surgery Centers

    3. 4.3 Market Restraints

      1. 4.3.1 Regulatory Concerns Regarding Outpatient Care

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD Million)

    1. 5.1 By Center Type

      1. 5.1.1 Single Speciality Centers

      2. 5.1.2 Multispeciality Centers

    2. 5.2 By Modality

      1. 5.2.1 Hospital-based Ambulatory Surgical Center

      2. 5.2.2 Freestanding Ambulatory Surgical Center

    3. 5.3 By Application

      1. 5.3.1 Gastroenterology

      2. 5.3.2 Ophthalmology

      3. 5.3.3 Orthopedics

      4. 5.3.4 Pain/Neurology

      5. 5.3.5 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 AMSURG

      2. 6.1.2 Tenet Healthcare

      3. 6.1.3 HCA Healthcare

      4. 6.1.4 Surgical Care Affiliates

      5. 6.1.5 Cerner Corporation

      6. 6.1.6 Surgery Partners

      7. 6.1.7 Ambulatory Surgical Centers of America

      8. 6.1.8 Center for Health Ambulatory Surgery Center

      9. 6.1.9 Beaumont Health

      10. 6.1.10 Surg Center Gilbert

      11. 6.1.11 Hunterdon Healthcare

      12. 6.1.12 United Surgical Partners International

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Global Ambulatory Surgery Center Market market is studied from 2019 - 2027.

The Global Ambulatory Surgery Center Market is growing at a CAGR of 5.8% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

AMSURG, Tenet Healthcare, HCA Healthcare, Surgical Care Affiliates, Cerner Corporation are the major companies operating in Global Ambulatory Surgery Center Market.

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