Consistent with the report published by the authorities the scope of the global Ambulatory Surgery Center (ASC) Market was appreciated by US$ 75.2 billion in 2018 and is estimated to touch US$ 120.8 billion by the completion of 2026. It is projected to record a CAGR of 6.1% during the period of forecast.
Ambulatory surgery center (ASC) carry out surgical treatment in casualty locations to support patients. It holds back length of the treatment and the cost. Ambulatory surgery center is a speedily increasing market. It delivers health care services furnished with skilled medical practitioner, operational rooms and recovery rooms.
Previously surgical treatment were practically completed in hospitals. Thus the appointments with long waiting time and a number of days stay in the hospital for the recovery was required. Nowadays in several nation state, surgical procedure are yet completed in this manner. However, in the advanced nations for example Japan, the US, Europe and in a small number of developing nations, surgical procedures are mostly accomplished in ambulatory surgery centers.
Doctors are unceasingly refining modus operandi and basics line of attack to deliver superior treatment for the progress of ambulatory surgery center (ASC). The amenities presented in ASC assists the doctors to conduct processes without any difficulty, confirm superior apparatus and materials utilized for their procedures, bring together groups of extremely skilled workforce and propose custom-made amenities to dissimilar field treatment for patients.
Growing number of conglomerates between hospitals to start ambulatory surgery centers are enhancing the global ASC industry during the current years and likely to upsurge during the period of forecast.
Patients’ approach concerning health care spending is stimulating global ambulatory surgery center market. These centers deliver finest operating experience likely at a lesser charge to patients. These centers are additionally effective at what time it comes to similar day surgical procedure and usually patients pay a smaller amount co-insurance at an ambulatory surgery center for the similar process received in the location of hospital.
Growing occurrence of long-lasting illnesses in the grown-up population is mainly motivating the global ambulatory surgery centers industry. The similar growth estimated to go on during the period of forecast.
The global ASC market can be classified by Application and Region. By Application it can be classified as: Pain Management, Spinal Injections, Ophthalmology, Orthopedics, Gastroenterology, Plastic Surgery and Others.
By Region the global ambulatory surgery center industry can be classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2018, North America ruled the market and is estimated to keep up its place for the duration of the forecast. Most important reasons backing to the development of this market are growing subsidy by the government to spread the services of primary care and increasing coverage for casualty service area.
Planned initiatives by important companies of the market in North America, for example mergers & acquisitions and partnerships, to deliver technically progressive treatments and surgical procedures are expected to boost the demand for primary and ambulatory care services. For example, in March 2015, United Surgical Partners International extended its setup of ambulatory care units by means of partnership with Tenet Healthcare. The partnership presented 20 imaging centers, 4,000 staff of medical doctor along with nearby 265 short-day surgical amenities.
In Asia Pacific, the conception of Ambulatory Surgery Center (ASC) is yet new. On the other hand, growing expenditures of healthcare due to the growth in occurrence of lingering illnesses, getting old population, greater spending on healthcare and growing readmissions in hospitals, have caused in the growth of casualty centers. Therefore, the state is estimated to witness the speedy development during the period of approaching years. Australia, New Zealand, China, Singapore, Japan and India are the most important providers to the development of the provincial ambulatory surgery centers market.
The important strategies such as acquisitions and collaborations with hospitals are implemented by the companies operating in the market to increase their geographic spread and the range of product. The Finland centered healthcare services, Attendo’s, was acquired by Terveystalo in December 2018. The joined operations were expected to start from January 2019. This acquirement has assisted the company to build up its position in the Finland market.
Some of the important companies for ambulatory surgery center (ASC) industry are: Health way Medical Group, UnitedHealth Group, Team Health, Tenet Healthcare Corporation, Envision Healthcare Corporation, Surgery Partners, Quorum Health Corporation, MEDNAX Services, Inc., Terveystalo, NOVENA GLOBAL HEALTHCARE GROUP, INC. and Community Health Systems, Inc.
ASC Application Outlook (Revenue, USD Million, 2015 - 2026)
• Pain Management/Spinal Injections
• Plastic Surgery
ASC Regional Outlook (Revenue, USD Million, 2015 - 2026)
• North America
• Asia Pacific
• New Zealand
• Latin America
• Middle East and Africa
• South Africa
Research Support Specialist, USA