WASHINGTON, Feb. 07, 2022 (GLOBE NEWSWIRE) -- The Global Ambulatory Surgical Center Market size is expected to reach over USD 7.53 Billion by 2028, exhibiting a Compound Annual Growth Rate (CAGR) of 27.6% during the forecast period. The Market stood at a revenue of USD 2.54 Billion in the year 2021.
Market Synopsis
Rising minimally invasive surgeries demand, technological advancements in surgical equipment and devices, and surgeons’ control on the choice of equipment are few factors contributing for market growth of Ambulatory Surgical Centre (ASC).
Increasing costs in healthcare is a key concern plaguing the sector. This has forced healthcare professionals to come up with fresh ways to make these services more economical while also focusing on quality. Ambulatory Surgical Centres have proven to be a persuasive solution in this scenario, states Vantage Market Research, in a report, titled “Ambulatory Surgical Center Market by Application (Ophthalmology, Orthopedics, Gastroenterology, Pain Management/Spinal Injections), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
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Our Free Sample Reports Includes:
- In-depth Industry Analysis, Introduction, Overview, and COVID-19 Pandemic Outbreak.
- Impact Analysis 170+ Pages Research Report (Including latest research)
- Provide chapter-wise guidance on request 2021 Updated Regional Analysis with Graphical Representation of Trends, Size, & Share, Includes Updated List of figures and tables.
- Updated Report Includes Major Market Players with their Sales Volume, Business Strategy and Revenue Analysis by using Vantage Market Research methodology.
(Please note that the sample of this report has been updated to include the COVID-19 impact study prior to delivery.)
List Of Prominent Players in the Ambulatory Surgical Center Market:
- Community Health Systems, Inc.
- Envision Healthcare Corporation
- Terveystalo
- Tenet Healthcare Corporation
- MEDNAX Services, Inc.
- TeamHealth
- Quorum Health Corporation
- UnitedHealth Group
- Surgery Partners
- Healthway Medical Group
Market Dynamics:
Driver: Increasing Demand for Hospital Only Will Fuel the Market Demand
Hospital only ASC facility without any true physician ownership is owned wholly by hospital systems. Additionally, determinants such as growing cost in healthcare, technological advancement to enable swift recovery and techniques in minimally invasive surgical have enabled hospitals to carry surgical procedures mostly in hospital owned ASCs that fuels the expansion of the market.
Opportunity: Rising Aged Population Base and Chronic Disorders
Chronic disorders are on the rise and these health disorders are among the costliest and most prevalent health conditions. It is also one of the common causes of mortality as well as disability in the developing and developed nations. Poor nutrition, tobacco consumption, excessive alcohol use, lack of physical exercise among adults, and lazy lifestyle boosts the rate of chronic diseases in the world.
Rising geriatric population across the world will serve as a huge impact rendering determinant for the market growth. Elderly people are prone to various diseases owing to functional and anatomic changes in the body. Japan is among the world’s top-ranking nations with most geriatric populations and has biggest life expectancy across the globe. Furthermore, individuals aged 60 and above is likely to account for nearly 43% of Japan’s population by the year 2040.
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Regional Trends
North America dominated the market and is likely to maintain its position in the coming years. Key factors facilitating the growth of ASC market are rising funding by government to advance and expand primary care services and growing coverage for outpatient services.
Key Findings
- Single specialty to hold a significant share: Impelled by the rising number of ambulatory surgical centres of single specialty. Single specialty settings hold a safer environment coupled with lower rate of infection when compared to multi-specialty. Likewise, lower risk and higher affordability of physician attrition to fuel the demand of the industry during the forecast timeframe.
- Diagnosis to hold a significant share: Growing prevalence of chronic conditions combined with increasing awareness associated with early disease diagnosis will drive the industry value overall. In addition, various ambulatory surgical centres are affiliated generally with high-quality diagnostic device and give diagnosis for several kind of ailments which fosters the industry size overall.
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COVID-19 Impact Analysis
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the Ambulatory Surgical Center Market. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
The report on Ambulatory Surgical Center Market highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historic Data, Estimates and Forecast
- Company Profiles
- Global and Regional Dynamics
Browse market data Tables and Figures spread through 178 Pages and in-depth TOC on "Ambulatory Surgical Center Market by Application (Ophthalmology, Orthopedics, Gastroenterology, Pain Management/Spinal Injections), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here – https://www.vantagemarketresearch.com/press-release/ambulatory-surgical-center-market-886540
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Ambulatory Surgical Center Market?
- How will the Ambulatory Surgical Center Market change in the upcoming six years?
- Which application and product will take a lion’s share of the Ambulatory Surgical Center Market?
- What is the Ambulatory Surgical Center market drivers and restrictions?
- What will be the CAGR and size of the Ambulatory Surgical Center Market throughout the forecast period?
This market titled “Ambulatory Surgical Center Market” will cover exclusive information in terms of Geographic Segmentation, Regional Analysis, Forecast, and Quantitative Date – Units, Key Market Trends, and various others as mentioned below:
| Report Attribute | Details |
| Market Size in 2021 | USD 2.54 Billion |
| Projected Market Size in 2028 | USD 7.53 Billion |
| CAGR Growth Rate | CAGR of 27.6% From 2022 - 2028 |
| Base Year | 2021 |
| Historic Years | 2016 - 2020 |
| Forecast Years | 2022 - 2028 |
| Segments Covered | Application
|
| Quantitative Data - Units | Revenue in USD Million/Billion and CAGR from 2022 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
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