Global Ambulatory Surgical Centers Market was valued over USD 67 billion in 2017 and is expected to witness around 5% CAGR from 2018 to 2024.
Technological advancements leading to the development of sophisticated diagnostic and therapeutic devices that enables the management of diseases at low cost will drive the ambulatory surgical centres market growth over forecast period. Technological advancements can significantly cut the cost of healthcare services and improves the treatment results. Such devices enable ambulatory surgical centres to offer healthcare services at a significant less cost boosting the industry growth.
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Physician only segment dominated industry with the market share of around 50% in 2017. The reason can be attributed to highest professional control exerted over clinical environment and the quality of service in physician owned centers. Greater convenience associated with physician owned centers as the physician can schedule procedures as per the convenience of patients will further augment segment growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- AMSURG, Covenant Surgical Partners
- HCA Healthcare
- Physicians Endoscopy
- Tenet Healthcare
- Proliance Surgeons
- Regent Surgical Health
- Surgery Partners, Inc
- SurgCenter Development
- Surgical Care Affiliates
- Surgical Management Professionals
Physician and hospital segment is forecasted to witness 4.4% CAGR over the forecast timeframe due to rise in the demand for treatment of multiple diseases. The demand is further fueled due to increasing incidences of viral fungal and bacterial diseases resulting in different clinical conditions. The segment is further forecasted to grow as partnership eliminates the barriers limiting treatment to few diseases only and enabling treatment of wide range of clinical conditions.
Ophthalmology surgeries segment generated revenue more than USD 12 billion in 2017. The segment currently dominates the industry due to stupendous rise in the incidences of eye related diseases such as night blindness and cataract. As the geriatric population segment is vulnerable to eye diseases, rising geriatric population will contribute to the increasing incidences. Increasing demand for eye surgeries for management of aforementioned diseases will fuel ophthalmology segment growth in foreseeable future.
Single specialty centres held over 50% of industry share and the trend is likely to remain so over the forecast timeframe. Single specialty centres efficiently improve patient’s health by providing customized treatments whenever necessary. The increasing demand for specialized care in several chronic diseases like diabetes, ophthalmic diseases and other minor injuries will augment segment growth.
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U.S. market was valued at over USD 25.5 billion in 2017. Growing demand for ambulatory care and favourable demographic trends will drive the regional growth over the forecast period. High per capita income, technological advancements, and developed healthcare infrastructure will propel industry growth.
Ambulatory Surgical Centers Market by Ownership
- Physician Only
- Hospital Only
- Corporation Only
- Physician & Hospital
- Physician & Corporation
- Hospital & Corporation
Ambulatory Surgical Centers Market by Surgery Type