Selbyville, Delaware, Aug. 02, 2019 (GLOBE NEWSWIRE) --
Increasing occurrence of cardiovascular, diabetes, arthritis and other critical disorders have fueled ambulatory surgical centers market outlook over the past few years, in addition to rising healthcare expenditure worldwide. Prevalence of chronic disorders and growing awareness regarding early diagnostics has enabled doctors and patients to develop efficient treatment and outpatient surgery programs.
A steady rise in the number of road accidents has driven the requirement for critical emergency services, highlighting the need for ambulatory surgical centers (ASCs). Continuous advancements and rapid adoption of innovative medical technologies will substantially broaden the scope of ASC industry.
A 2019 ambulatory surgical centers market report by Global Market Insights, Inc. shows industry revenue is set to rise from USD 70 billion in 2018 to around USD 95 billion by 2025.
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Changing lifestyle and unfavorable work-life balance has affected the consumption habits of people, leading to unhealthy food intake and lack of physical exercise which cause heart disorders and numerous other diseases. These trends have propelled the number of dental, cardiac and orthopedic surgeries being performed worldwide every year at hospitals as well as ASCs.
Government initiatives to promote healthcare services in emerging economies will provide remarkable boost to global ambulatory surgical centers market share. Increasing access to health insurance policies that cover same day or outpatient treatment procedures will drive the industry growth in the coming years.
Orthopedic surgeries segment has witnessed a considerable growth due to rising frequency of road accidents and sports injuries. Growing geriatric population and the prevalence of bone related diseases like osteoporosis and osteoarthritis will augment the need for performing orthopedic procedures. In conjunction with the rise in number of cases, the cost of these surgeries has also increased with time and has led to the demand for affordable and easily accessible outpatient surgery options.
According to AARP, it is estimated that the number of total knee or hip replacement surgeries in the U.S. will rise by over 170% by 2030, indicating lucrative prospects for ambulatory surgical centers market.
Browse key ambulatory surgical centers market insights from the 2019 report spread across 220 pages offering 394 market data tables as well as 9 figures & charts along with the table of contents:
https://www.gminsights.com/industry-analysis/ambulatory-surgical-centers-market
High cost of orthopedic procedures and longer waiting time at hospitals is shifting the preference of patients towards ambulatory surgical care. Several companies operating single and multi-specialty ASCs are taking efforts to lower patient expenses for critical surgeries, in turn reinforcing the benefits of ambulatory surgical centers industry.
For instance, ASC management firm Regent Surgical Health has partnered with medtech company Conformis on outpatient joint replacements. The collaboration is aimed at enhancing the outcome of joint replacements at ASCs along with reducing the overall cost of the procedures.
Hospital and corporation segment can be anticipated to witness accelerated expansion owing to various advantages offered. Hospitals and ASC management companies can work to help ensure continuity of care while providing efficient solutions to patients together. The strong relationship between hospitals and healthcare payers can extend to ASCs as well, invariably increasing the reimbursement rates for outpatient treatments and fulfil key ambulatory surgical center requirements.
Citing an example, UK Healthcare, which comprises a system of clinics, hospitals and other patient care offerings at University of Kentucky, has invested in a joint venture ASC with Surgical Care Affiliates to expand its outpatient and ambulatory surgical care services.
Germany, U.K., France and other European nations have some of the most advanced healthcare systems in the world. Increased cost and frequency of orthopedic procedures is one of the leading drivers of outpatient services in the region. Modern infrastructure and the need latest medical tools and equipment has considerably transformed ambulatory surgical center requirements and capabilities.
Rising prevalence of ophthalmologic disorders like cataract has escalated the number of visits to ASCs, where specialty medical staff provide faster diagnosis and treatment. Cataract surgery is a common medical procedure among EU members and was performed nearly 4.5 million times in 2016 across the region, suggesting tremendous opportunities for Europe ambulatory surgical centers market.
Widespread preference to undergo crucial and minimally invasive procedures at ASCs will notably expand the demand for outpatient services. Global ambulatory surgical centers industry outlook is majorly characterized on the basis of specialty as well as ownership models, with physician and hospital ownership segment accounting for a sizable market share.
Ambulatory Surgical Centers Market Statistics, By Ownership
1.1. Key segment trends
1.2. Physician only
1.2.1. Market size, by region, 2014-2025 (USD Million)
1.3. Hospital only
1.3.1. Market size, by region, 2014-2025 (USD Million)
1.4. Corporation only
1.4.1. Market size, by region, 2014-2025 (USD Million)
1.5. Physician & hospital
1.5.1. Market size, by region, 2014-2025 (USD Million)
1.6. Physician & corporation
1.6.1. Market size, by region, 2014-2025 (USD Million)
1.7. Hospital & corporation
1.7.1. Market size, by region, 2014-2025 (USD Million)
Although high costs of medical equipment and building an infrastructure could hinder the development of ASCs to some extent, growing number of partnerships between doctors, hospitals and management firms will bolster ASC market size immensely.
Cardiovascular, dental, endoscopy, neurology and plastic surgery are some of the key types of procedures impacting the proliferation of ambulatory surgical care. Surging disposable incomes in developed as well as emerging countries will outline the healthcare expenditure trends, while growing health consciousness among people will strengthen the demand for affordable and faster diagnostic services.
Mounting severity of obesity and diabetes cases around the world will enormously increase the need for wider access to diagnosis and treatment options, advocating the expansion of ambulatory surgical centers industry share.
The future demand for single specialty and multi-specialty ASCs will be dependent on existing business trends as well as growth opportunities for physicians focusing on different types of diseases and patient requirements. Affordability and regulatory landscape will further define the progress of ASC management firms, while public initiatives for increasing the access to medical care will create new prospects for emerging doctors and medical technology companies. Investments into outpatient services being made by large hospitals and leading market players will help improve the outcomes at multi-specialty ASCs.
Ambulatory Surgical Centers Market Growth, By Specialty Type
1.1. Key segment trends
1.2. Single specialty
1.2.1. Market size, by region, 2014-2025 (USD Million)
1.3. Multi-specialty
1.3.1. Market size, by region, 2014-2025 (USD Million)
In terms of the competitive scenario, ambulatory surgical centers market is comprised of key players such as Ambulatory Surgical Centers of America, ASD Management, Regent Surgical Health, HCA Healthcare, SurgCenter Development, Tenet Healthcare and Surgical Care Affiliates, among many others. Forming long-term partnerships, acquiring profitable practices and expanding the scope of existing cooperative ventures will be a prominent factor influencing the future business prospects for hospitals, ASC corporations and physicians. Regional trends could substantially underscore the foundation of joint ventures between domestic as well as global healthcare providers.
The research study, in essence, involves a comprehensive understanding of global ambulatory surgical centers market in detail. The report provides an executive summary, a detailed explanation of the industry ecosystem, crucial insights, along with an overview of global trends and segmentation. Forecasts for the market have also been based on challenges and drawbacks in the industry, innovative trends as well as product benchmarking, which are some of the key parameters describing ambulatory surgical market outlook.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.