The Global Ambulatory Surgical Market was worth $95.4 billion in 2021 and is expected to be worth $128.1 billion by 2030, growing at a 4.2% CAGR from 2022 to 2030.
Ambulatory surgical centres are outpatient surgery centers where patients are admitted and surgery is performed on the same day without the need for an overnight stay. These facilities provide diagnostic and preventive services. Ambulatory surgical centres offer same-day procedures such as cataract surgery, gall bladder removal, small join repair, abdominal hernia repair, skin therapy, and other procedures.
Market Dynamics
Drivers:
The market is being driven by factors such as an increase in the number of surgeries, an increase in the incidence of chronic diseases, and an increase in the geriatric population. Furthermore, technological advancements, rising demand for minimally invasive surgeries, and expansion in the development of outpatient services drive the growth of the ambulatory surgical market. During the forecast period, an increase in demand for ambulatory surgical centres in emerging markets is expected to create new opportunities.
Restraints
ASCs can provide high-quality care at a lower cost; they face stiff competition from hospitals that provide a similar range of services. The ASC market is saturated, and with reimbursements shrinking, it may become difficult to remain independent. There are many ASCs in various regions, making it difficult for underperforming ASCs to stay in business. As a result, declining reimbursements and increased market competition from similar services are expected to stifle ambulatory surgical market market growth to some extent.
Key players:
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Cerner Corporation
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McKesson Corporation
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Allscripts Healthcare Solutions, Inc.
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GE Healthcare (US),
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Philips Healthcare
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athenahealth, Inc.
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Optum (US),
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Epic Systems Corporation
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Medical Information Technology, Inc. (MEDITECH)
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eClinicalWorks
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athenahealth, Inc.
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Advanced Data Systems Corporation
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NextGen Healthcare
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CureMD
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HST Pathways
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Surgical Information Systems
Market Segmentation:
Ambulatory Surgical Market, By Modality
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Hospital-Based Ambulatory Surgical Center
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Freestanding Ambulatory Surgical Center
Ambulatory Surgical Market, By Surgery Type
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Dental
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Otolaryngology
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Endoscopy
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Obstetrics / Gynecology
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Podiatry
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Others
Ambulatory Surgical Market, By Speciality Type
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Multi-specialty
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Single specialty
Ambulatory Surgical Market, By Service
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Diagnosis
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Treatment
Ambulatory Surgical Market, By Components
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Services
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Software
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Hardware
Ambulatory Surgical Market, By Geography
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North America
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Europe
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Asia-Pacific
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Latin America
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Middle East & Africa (MEA)
Regional Analysis
North America dominated the market and is expected to keep its lead throughout the forecast period. Major factors for the growth of this market include increased government funding for primary care services and increased coverage for outpatient services.
Strategic initiatives by key North American market players, such as collaborations, mergers, and acquisitions, to provide technologically advanced surgeries and treatments will likely drive demand for ambulatory and primary care services. In March 2015, for example, United Surgical Partners expanded its International network of ambulatory care units with the partnership of Tenet Healthcare. The collaboration provided 4,000 physician staff, approximately 265 short-day surgical facilities, and 20 imaging centers.
ASCs are a relatively new concept in the Asia Pacific. However, rising healthcare costs as a result of chronic disease prevalence, an aging population, high healthcare expenditure, and rising hospital readmissions have resulted in the expansion of outpatient centers. As a result, the region is expected to grow at the fastest rate in the coming years. Japan, China, India, Singapore and Australia are the major contributors to regional market growth.
Scope of the Report:
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Report Coverage |
Details |
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Base year |
2021 |
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Forecast period |
2022-2030 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.2% |
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YoY growth (%) |
XX% |
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Regional analysis |
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Current Market size |
USD 95.4 billion |
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Companies Covered |
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User
Tab Content
Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
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