Ambulatory Surgical Centers Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 – 2032

Ambulatory Surgical Centers Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 – 2032

The Global Ambulatory Surgical Centers Market was valued at approximately USD 93.8 billion in 2023. Projections indicate a CAGR of 4.8% from 2024 to 2032. Key drivers fueling this growth include a rising geriatric population and a global uptick in chronic diseases. Notably, conditions like cardiovascular diseases, diabetes, and arthritis are increasingly prevalent among the elderly.

Ambulatory surgical centers (ASCs) are specialized healthcare facilities that cater to patients undergoing elective surgical procedures, eliminating the need for overnight hospitalization. These centers are tailored for outpatient procedures, enabling patients to have surgery and return home the same day after a brief recovery.

A notable market driver is the growing preference for outpatient procedures, bolstered by the rise of minimally invasive treatments. Thanks to technological advancements, a wider array of minimally invasive procedures can now be safely conducted in outpatient settings. This includes laparoscopic surgeries, endoscopy, robotic-assisted surgeries, and interventional radiology techniques.

The overall industry is classified into ownership, surgery type, specialty type, service, and region.

The market categorizes ownership into several segments such as physician only, hospital only, corporation only, physician & hospital, physician & corporation, and hospital & corporation. Leading the pack, the physician-only segment generated a revenue of approximately USD 55.9 billion in 2023. ASCs owned by physicians grant doctors enhanced control over patient care and operational choices. This autonomy often emphasizes clinical outcomes and patient satisfaction, making it attractive to both physicians and their patients.

When examining surgery types, the market encompasses dental, otolaryngology, endoscopy, obstetrics/gynecology, ophthalmology, orthopedic, cardiovascular, neurology, plastic surgery, podiatry, and other categories. Forecasts suggest the ophthalmology segment will lead the market, projecting a revenue of USD 36.8 billion by 2032. Notably, ophthalmology procedures, especially cataract surgeries, rank among the most frequently performed globally, with heightened demand in the aging demographic.

North America, with the U.S. at the helm, generated a revenue of USD 40.6 billion in 2023 in the ambulatory surgical centers market. The region is poised for significant growth in the coming years. North America, especially the U.S., is pioneering the adoption of advanced surgical techniques, including robotic-assisted and laparoscopic procedures. Such innovations facilitate a broader range of surgeries in outpatient settings, propelling the regional market expansion.