Ambulatory Surgical Centers Market

Global Ambulatory Surgical Centers Market Size (2024 to 2029)

The global ambulatory surgical centers market is estimated to grow at a CAGR of 31.25% from 2024 to 2029 and be worth USD 20.70 billion by 2029 from USD 5.32 billion in 2024.

Ambulatory surgical centers or outpatient care are specialized hospital centers that allow patients to leave immediately after surgery and recover at a place of comfort, be it at home or residential patients. This ensures the patients have the freedom of choosing where to recover peacefully and cuts down on immense hospital expenses from staying overnight and for days after surgery. The patients are monitored through remote care and advised to use devices for self-regulation and care during recovery. There are some exceptions to ambulatory care as in some surgical procedures, it is impossible to provide ambulatory care due to severe circumstances, but when the patient can live with family or on their outside, ambulatory care is an excellent way of recovery which is budget friendly and give physical, and psychological freedom to patients.

MARKET DRIVERS

As ambulatory surgical centers do not require the patient to stay in after the surgery, it provides numerous advantages to the patients and the hospitals, propelling the ambulatory surgical centers market growth.

The rapid influx of inpatient surgical procedures in the hospitals burden them with providing care for all the patients. As a result, the patients end up paying large amounts for hospital services. Therefore, the rising healthcare costs and the need for more outpatient options, especially in the cases of non-invasive and minor surgeries, promote market growth. In addition, the growing I.T. solutions like telehealth and remote patient monitoring and care are also driving the market growth. Additionally, the prevalence of chronic diseases and conditions needing surgery and the growing acceptance of ambulatory care among populations are expected to drive the market's growth. 

Government support and favorable reimbursement to support ambulatory surgical centers market growth.

The government is focusing on the development of day-care surgery centers. In addition, it offers alternate healthcare services to try and accommodate more patient care leading to an expansion of the ambulatory surgical centers. The outpatient services also have favorable reimbursement policies and provide people with proper medical and insurance coverage, making it easier to afford the expenses. 

The increasing aging population is favoring the ambulatory surgical centers market growth.

The market growth is also driven by the growing number of cataract surgeries done by ambulatory surgical centers. According to the World Health Organization (WHO), one person in every six people is anticipated to be more than 60 years, and the population is expected to reach 1.4 billion by 2030. Age-related increases in cataract surgery for regaining focusing capacity. Also, the rising preference for minimally invasive surgical procedures promotes market growth. Ambulatory surgical facilities are where most minimally invasive operations are performed. The tiny holes allow for the least intrusive operations and, perhaps, quicker healing.

MARKET RESTRAINTS

The high deployment costs and the uncertainty and lack of credibility among patient populations regarding ambulatory services due to being unable to adopt the new methods are expected to restrain the growth of the global ambulatory surgical centers market.

Impact of COVID-19 on the Global Ambulatory Surgical Centers Market

Around the world, the COVID-19 epidemic has brought about a problem for numerous industries and businesses. It was difficult to increase sales since the supply and production chains were interrupted by the strict lockdown and quarantine regulations. The outcome was that there was a global economic recession. One of the most severely impacted industries was the healthcare industry, which was under tremendous strain due to a constant influx of patients and a lack of resources.

However, the pandemic has positively impacted the ambulatory surgical care market. The demand for multi-specialty centers rose as the hospitals got very crowded, and healthcare centers postponed surgical procedures as it became difficult to accommodate patients in the hospitals due to a lack of beds. As a result, most hospital beds and resources were being used for the COVID-19 patients, which led to an increase in the demand for ambulatory services, which enable remote care and help reduce the staying of patients at hospitals. In addition, these elective surgical care procedures helped healthcare centers cope with the crisis. Therefore, the pandemic left a positive impact on ambulatory surgical centers.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Ambulatory Surgical Centers Market Analysis By Products and Services

Based on the products & services, the clinical IT solutions segment accounted for the largest share of the ambulatory surgical centers market in 2023 The segment's dominance is due to the high need to cut down on high medical expenses and improve the efficiency of healthcare settings by eradicating medical errors. Therefore, the need for proper regulation is driving the segment's growth.

However, the non-clinical healthcare IT solutions segment is also expected to register a healthy CAGR during the forecast period owing to the rising demand for proper data management and privacy settings, along with the influx of bulk data, which can be confusing and result in errors from the management department. Additionally, the analytic solutions also help the healthcare infrastructures decipher their profits and losses to make accurate investment and business choices for the growth of the establishment, supporting the growth of the segment. 

Global Ambulatory Surgical Centers Market Analysis By Specialty

Over the forecast period, the multi-specialty segment witnessed a significant share in the ambulatory surgical centers market in 2023. Furthermore, it is likely to continue its growth trend during the forecast period. The segment is attributed to the favorable reimbursement policies and the number of surgeries performed in multi-specialty care centers.

Compared to multispeciality centers, the single specialty is expected to have a lower revenue margin; however, the profits incurred are partially filling. This is because the single specialty care centers are focused facilities that help provide a personalized and concentrated treatment procedure promoting the segment's growth. 

Global Ambulatory Surgical Centers Market Analysis By Component

Based on the components, the services segment is forecasted to record a significant share in the ambulatory surgical centers market during the forecast period. The rise in the services sector is because of the complexity of software and the need to integrate it and ensure interoperability. In addition, the rising demand for outpatient care services is leading the market to grow.

However, the software segment is also expected to have significant revenue during the forecast period due to the growing use of healthcare IT solutions and analytic assistance provided through multiple software bases. Additionally, the ease of use imbibed into healthcare systems with software is promoting the segment's rise.

REGIONAL ANALYSIS

The ambulatory surgical centers market in North America had the largest share worldwide in 2023, and the region’s dominance is anticipated to continue throughout the forecast period. Factors such as the quick adoption of ambulatory healthcare services, especially surgical centers, to bring healthcare costs more affordable are significantly favoring this region to stand as the regional market leader in the global market. Furthermore, the pressure on hospitals has been increasing in North America due to the increasing patient volume and surgical procedures, which has allowed ambulatory surgical centers to accelerate quickly in this region. In addition, many key market participants are in this region, which is an additional advantage to positioning the lead among the other regions.

On the other hand, the Asia-Pacific ambulatory surgical centers market is forecasted to register the highest CAGR during the forecast period. The patient population is significantly growing in emerging nations like China, India, Japan, and North Korea, demanding more ambulatory surgical centers and allowing this region to register significant growth.

The European ambulatory surgical centers market is expected to hold a considerable share of the global market during the forecast period.

TOP COMPANIES IN THIS MARKET

Community Health Systems, Inc., Edward-Elmhurst Health, Envision Healthcare Corporation, Group Eifelhohen-Klinik AG, Healthway Medical Group, MEDNAX Services, Inc., NOVENA GLOBAL HEALTHCARE GROUP, INC., Prospect Medical Group, Quorum Health Corporation, and SurgCenter Development are a few of the noteworthy companies operating in the global ambulatory surgical centers market profiled in this report.

RECENT HAPPENINGS IN THIS MARKET

• In December 2022, in a conference call with Tenet Healthcare, USPI's parent business, on October 20, USPI officials disclosed the company is falling short of its year-long growth objective. USPI will compete against Surgery Partners and SCA Health in 2023. USPI's surgical case numbers were flat compared to the same quarter last year and 100% of 2019 levels, falling short of management's lofty hopes for the company's expansion. The parent company of SCA Health, Optum, paid $5.4 billion in March to buy LHC Group, a provider of home healthcare services. LHC Group, founded in Lafayette, Louisiana, provides hospice and in-home care from 964 sites throughout 37 states.
• In December 2022, Senior officials revealed that Salem Medical Center joined the South Jersey hospital network Inspira Health on Friday, one year after the two healthcare organizations declared their intention to collaborate. The parent corporation of Salem Medical Center is now Inspira, which also has hospitals in Vineland, Mullica Hill, and Elmer. According to the release, Inspira paid $20 million for the hospital facility, the ambulatory surgical center, and the doctor's offices. It also created a line of credit to cover any debt or future income shortfalls.
• In December 2022, Ophthalmic Physicians Incorporated (OPI) and its affiliates in Mentor, Ohio, partnered with Sunvera Group. This management service company supports ophthalmology practices and ambulatory surgical clinics across subspecialties. The OPI clinical practice, Lasik Vision Centers of Cleveland, and Surgical Care Center in Painesville, Ohio, comprise the OPI family of practises. This collaboration will strengthen Sunvera Group's expanding position in Ohio's market and broaden its Midwest network of ophthalmology clinics and surgery facilities.
• In December 2022, Out of the 12 hospitals chosen nationwide for the prestigious title, four Baptist Health locations were designated Leapfrog Top Ambulatory Surgery Centers (ASCs) in 2022 in recognition of their excellence and commitment to patient safety. The Leapfrog Outstanding ASC award, which recognizes top performers as determined by the Leapfrog ASC Survey, is now in its second year. The Leapfrog Group, a nationwide watchdog group of employers and other purchasers widely regarded as the strictest standard-setters for healthcare safety and quality, presents the prize.

DETAILED SEGMENTATION OF THE GLOBAL AMBULATORY SURGICAL CENTERS MARKET INCLUDED IN THIS REPORT

This research report on the global ambulatory surgical centers market has been segmented and sub-segmented based on component, specialty type, application, and region.

By Products and Services

• Clinical I.T. Solutions
  • EHRs
  • E-Prescribing Solutions
  • Surgical Planning Software
  • Telehealth Solutions
  • Population Health Management Solutions
  • Medical Image Analysis Solutions
  • Healthcare Integration Solutions
  • Other Clinical Solutions
• Non-Clinical Healthcare I.T. Solutions
  • Healthcare Analytics Solutions
  • Healthcare Supply Chain Management Solutions
  • Revenue Cycle Management Solutions
  • Healthcare Quality Management Solutions
  • Healthcare Interoperability Solutions
  • Other Non-Clinical Solutions
• HCIT Outsourcing Services

By Specialty

• Single Specialty
• Multi-specialty

By Component

• Services
• Software 
• Hardware

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa