U.S. Ambulatory Surgery Center Market Set for Robust Growth Due to Rising Chronic Disease Prevalence
Any changes in these regulations can impact the establishment and operations of ambulatory surgery centers.
The U.S. ambulatory surgery center market has grown significantly in recent years. Ambulatory surgery centers (ASCs) are modern medical facilities focused on providing same-day surgical care, including diagnostic and preventive procedures. Common outpatient procedures performed in ASCs include orthopedics, gastroenterology, ophthalmology, and pain management. ASCs offer advantages like reduced wait times, individualized care, and lower costs compared to hospital-based outpatient facilities. Their role in providing non-emergency surgeries has become increasingly important as chronic diseases like obesity and diabetes continue affecting more Americans each year.
**The U.S. ambulatory surgery center market is estimated to be valued at US$ 72.58 Bn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 To 2031.
Key Takeaways**
Key players operating in the U.S. Ambulatory Surgery Center are AmSurg Corp., Getinge Group, Tenet Healthcare, Regent surgery Health L.L.C, Covenant surgery Partners Inc, and Surgery Partners. The key players are focusing on partnerships and acquisition strategies to expand their market presence.
The U.S. Ambulatory Surgery Center Market Trends offers abundant opportunities for players due to favorable reimbursement policies, growing demand for cost-effective procedures, and an increasing rate of chronic disorders. ASCs allow healthcare organizations to cater to more patients at lower costs compared to hospital outpatient departments.
Rising rates of obesity, diabetes and other chronic conditions are driving the global expansion of ASCs. The number of ASCs has been steadily growing worldwide. Countries like India, China, Brazil and Mexico are increasingly adopting the ASC model of care to alleviate pressures on their public healthcare systems.
Market drivers
The key driver for the growth of the U.S. ASC market is the rising prevalence of chronic diseases among the American population. Chronic conditions like diabetes, cardiovascular disease, pulmonary disorders are becoming more widespread. Theyrequire long-term management and often ambulatory or day surgeries. As the costs of hospital-based outpatient care continue rising, more payers and providers are favoring the affordable, convenient care provided via ASCs. This is driving significant investments and partnerships within the ASC industry.
PEST Analysis
Political: The U.S. ambulatory surgery center market is governed by strict regulations set by regulatory bodies like the Centers for Medicare and Medicaid Services (CMS) and Joint Commission. Any changes in these regulations can impact the establishment and operations of ambulatory surgery centers.
Economic: The economic condition of the country determines the spending ability of consumers on elective surgical procedures. An strong economy encourages patients to undergo surgeries in ambulatory centers for faster recovery as compared to hospitals.
Social: Changes in lifestyle and increasing health consciousness among people is driving the demand for various surgical procedures. The preference for minimal invasive treatments being performed in outpatient settings is propelling the growth of ambulatory surgery centers.
Technological: Adoption of advanced technologies like robotic surgical systems, implantable devices and visualization equipment enables complex surgeries to be performed on an outpatient basis safely and efficiently in ambulatory centers. Developments in areas of medical imaging, surgical robotics are supporting same-day discharge practices.
The geographical regions where the U.S. Ambulatory Surgery Center Market Regional Analysis is concentrated in terms of value are Northeast and West regions. These regions have higher number of ambulatory centers with advanced infrastructure and positive reimbursement scenario support market growth.
The South region is fastest growing for the U.S. ambulatory surgery center market. Factors like rapidly increasing geriatric population undergoing various elective procedures, rising prevalence of chronic diseases, growing medical tourism are fueling ambulatory surgery center development in states like Texas and Florida. The presence of major healthcare systems and favorable business environment attracts new market entrants in this region.
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)