Ambulatory Surgical Centers Market Size By Ownership (Physician Only, Hospital Only, Corporation Only, Physician & Hospital, Physician & Corporation, Hospital & Corporation), By Surgery (Dental, Otolaryngology, Endoscopy, Obstetrics/Gynecology, Ophthalmol

Ambulatory Surgical Centers Market Size By Ownership (Physician Only, Hospital Only, Corporation Only, Physician & Hospital, Physician & Corporation, Hospital & Corporation), By Surgery (Dental, Otolaryngology, Endoscopy, Obstetrics/Gynecology, Ophthalmology, Orthopedic, Cardiovascular, Neurology, Plastic Surgery, Podiatry), By Specialty (Single specialty, Multi-specialty), By Service (Diagnosis, Treatment), Industry Analysis Report, Regional Outlook, Growth Potential, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2023 - 2032

The global ambulatory surgical centers (ASCs) market is anticipated to showcase promising growth through 2032. In recent years, outpatient visits have increased dynamically, fueling the need for one-day diagnosis or treatment. Ambulatory surgical centers cater to patients that require same-day surgeries.

The outbreak of COVID-19 pandemic exacerbated hospital congestion and concerns associated with the transmission of the virus. As a result, ASCs became a popular alternative to traditional hospitals which delayed non-emergency surgeries during the course of the pandemic. ASCs offer patients cost-effective care, and shorter waiting times.

Several industry players are betting on potential business prospects with expansion strategies and mergers. For instance, Tenet Healthcare and its subsidiary USPI announced plans to expand business with the acquisition of 92 ambulatory surgical centers from SurgCenter Development for USD 1.2 billion.

The ambulatory surgical centers market is bifurcated into ownership, surgery, specialty, service, and region.

Based on ownership, the industry is classified into physician & hospital, physician only, hospital only, corporation only, hospital & corporation, and physician & corporation. The physician & hospital-owned segment accounted for over 19% share of the ASCs market in 2022. Jointly owned ASCs are more cost-effective in terms of physician alignment. This type of ASC model is highly beneficial for employed surgeons with greater economic results and offers better patient care.

With respect to surgery, the market landscape is bifurcated into cardiovascular, ophthalmology, dental, obstetrics/gynecology, otolaryngology, endoscopy, orthopedic, plastic surgery, neurology, podiatry, and others. The obstetrics/gynecology segment was valued at USD 2 billion in 2022.

Rapid integration of advanced uterine artery embolization (UAE) devices, endometrial resection devices, and hysteroscopes are enabling minimally invasive obstetrics procedures at ASCs. Increasing focus on minimally invasive treatments will accelerate the number of gynecological surgeries performed at ASC facilities.

By specialty, the overall industry landscape is divided into multi-specialty and single-specialty. The multi-specialty segment held a total market share of over 35% in 2022. Multi-specialty ASCs successfully attract a large patient pool owing to easy availability and access to healthcare services, technologies, and professionals catering to a diverse range of health conditions. These facilities also implement favorable reimbursement models for patients.

In terms of service, the market is segregated into treatment and diagnosis. The ASCs market share from the treatment segment is projected to expand at over 5% CAGR through 2032. Rising incidences of chronic and infectious diseases are likely to fuel the demand for treatment at ASC facilities. Growing patient preference towards ASCs over general hospitals can be attributed to the availability of financial incentives and clinically advanced technologies.

Based on the regional landscape, the Middle East & Africa held a global market share of 3% in 2022. Increasing awareness regarding the benefits of healthcare services provided by ASCs will augment industry growth across MEA. Various private and public organizations are introducing training programs for physicians to improve their skills and ensure better patient care.

For instance, in October 2022, Abu Dhabi Health Services Company (SEHA) signed an MoU with the Children’s Hospital of Philadelphia (CHOP). The agreement aims to boost research, patient care, and quality of education.