Press Release

Ambulatory Surgical Centers Market Size to Witness CAGR of 6.1% from 2019-2025
October 2020

Ambulatory Surgical Centers Market Size to Witness CAGR of 6.1% from 2019-2025

According to iCognition Insights, the global ambulatory surgical centers (ASC) market size is estimated to be USD 77.90 billion in 2019. Factors responsible for ASC market growth include growing demand for minimally invasive surgeries and technological advancement in surgical equipment. Moreover, the COVID-19 pandemic in 2020 is expected to propel the ASC adoption by healthcare providers to minimize the risk of COVID-19 and other hospital-acquired infections.

Based on application, the market is categorized into ophthalmology, gastroenterology, orthopedic, plastic surgery, pain management, and others. The gastroenterology segment was the largest revenue-grossing segment of the market in 2019. On the basis of specialty type, the market is categorized into the multi-specialty and single specialty. The single-specialty segment was the highest revenue-generating segment in 2019 and is projected to grow at the lucrative CAGR over the forecast period.

North America accounted for the largest revenue share in the global market in 2019 due to the well-developed healthcare infrastructure, rising insurance coverage for outpatient services, and availability of advanced surgical products in the U.S. and Canada. Also, the presence of major companies including Community Health Systems, Inc. and Envision Healthcare Corporation that further drives regional growth.

Some of the key players in the ambulatory surgical centers market are Envision Healthcare Corporation (U.S.); Community Health Systems, Inc. (U.S.); Terveystalo (Finland); MEDNAX Services, Inc. (U.S.); Tenet Healthcare Corporation (U.S.); Quorum Health Corporation (U.S.); TeamHealth (U.S.); UnitedHealth Group (U.S.); Healthway Medical Group (Singapore); and Surgery Partners (U.S.).

Ambulatory Surgical Centers Market: Key Datapoints-

  • Growing demand for minimally invasive surgeries and technological advancements are key factors boosting the market growth
  • The plastic surgery application segment is anticipated to witness significant growth over the forecast period due to increased demand for cosmetic surgeries in developed countries and the availability of minimally invasive procedures
  • The multi-specialty segment is projected to grow at the fastest CAGR during the forecast period from 2019 to 2025
  • Asia Pacific segment is projected to show the fastest CAGR over the forecast period owing to the rising prevalence of chronic diseases, developing healthcare infrastructure, and rising demand for minimally invasive surgeries in this region
  • Strategic collaborations and acquisitions to expand their regional reach is a major approach adopted by market players to sustain in this competitive market

Ambulatory Surgical Centers Market Scope-

Ambulatory Surgical Centers Market, By Application (Revenue, 2017-2025, USD Billion)

  • Ophthalmology
  • Orthopedic
  • Gastroenterology
  • Pain Management/Spinal Injections
  • Plastic Surgery
  • Others

Ambulatory Surgical Centers Market, By Specialty Type (Revenue, 2017-2025, USD Billion)

  • Single Specialty Centers
  • Multi-specialty Centers

Ambulatory Surgical Centers Market, By Region (Revenue, 2017-2025, USD Billion)

    • North America
      • US
      • Canada
    • Europe
      • Germany
      • France
      • UK
      • Spain
      • Italy
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Australia
      • South Korea
      • Rest of APAC
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Rest of LATAM
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • Rest of MEA

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Ambulatory Surgical Centers Market Analysis by Application