USA Ambulatory Surgical Centers market aims US$ 73.5 Billion by 2033. Tech advancements, patient needs, and quality focus drive growth in out-of-hospital care.

NEWARK, DELAWARE, UNITED STATES OF AMERICA, December 4, 2023 /EINPresswire.com/ -- The global ambulatory surgical centers market has witnessed substantial growth, reaching a valuation of US$ 96.5 billion in 2023. According to the latest industry insights, this market is expected to surge further and achieve a projected valuation of US$ 150.6 billion by 2033, reflecting a steady Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period.

Increasing number of clinical procedures such as lithotripsy, coronary angiography, hemodialysis, radiotherapy (for cancer), and chemotherapy is driving demand for ambulatory surgical centers. Earlier, all clinical condition were treated in the hospital, be it a simple suturing procedure or a deep invasive procedure. These minimal invasive procedures led the count of inpatient admissions to increase, resulting in disorganization in the hospital environment.

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When a common outpatient procedure is performed in the ambulatory surgical center it saves up to 59% of the total spending, according to the Ambulatory Surgery Center Association.

These factors are driving investments in hospitals for the establishment of ambulatory surgical centers. This is expected to create lucrative opportunities for platers operating in the market, especially in developing regions.

“Growing demand for mobile healthcare services, coupled with favorable government policies encouraging the establishment of these centers in rural areas is expected to drive the market in the forthcoming years,” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

Key Takeaways: Ambulatory Surgical Centers Market by 2023 to 2033:

The global Ambulatory Surgical Centers (ASC) market is expected to reach US$ 150.6 billion by 2033, growing at a CAGR of 4.5% from 2023 to 2033.

The growth of the ASC market is driven by several factors, including the increasing demand for outpatient surgery, the rising cost of healthcare at general hospitals, and the growing preference for ASCs among patients and physicians.

The U.S. is expected to remain the largest market for ASCs, followed by Europe and Asia Pacific.

The surgical services segment is expected to hold the largest share of the ASC market, followed by the diagnostic services segment.

The increasing prevalence of chronic diseases and the growing adoption of minimally invasive surgical procedures are expected to drive the growth of the ASC market.

Prominent Companies Establishing ASCs to Expand their Reach to Patients:

In January 2023, Becker's Healthcare announced that the Dallas-based Baylor Scott and White Health are planning to develop a four-story medical office building. The city’s planning committee permitted the land expansion for the hospital in December 2022. The 1,00,000 sq foot structure would inhabit an ASC, gastroenterology, endocrinology, and ophthalmology departments, and more.

In 2021, Tenet Healthcare announced its plan to establish 40 ambulatory surgical centers with a total expenditure amounting to US$ 150 million. The company expects its surgery business to register a larger share, in comparison to its hospital business, over the next three years.

In January 2020, Surgery Partners acquired Vista Surgical Center which operates in ophthalmic therapeutics to provide healthcare services in the outpatient department.

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Ambulatory Surgical Centers Market by Category:

By Centers Type:

Single Specialty Centers
MultiSpecialty Centers

By Modality:

Hospital-Based Ambulatory Surgical Center
Freestanding Ambulatory Surgical Center

By Services:

Diagnostic Services
Surgical Services

By Specialty Area:

Gastroenterology
Ophthalmology
Orthopedics
Pain/Neurology
Urology
Dermatology
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
The Middle East and Africa (MEA)

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Ankush Nikam
Future Market Insights, Inc.
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