The global ambulatory surgical centers market has experienced remarkable growth, with its valuation reaching an impressive USD 96.5 billion in 2023. This upward trajectory is projected to continue, with the market anticipated to achieve a valuation of USD 150.6 billion by 2033, reflecting a steady Compound Annual Growth Rate (CAGR) of 4.5% over the next decade.
Key factors contributing to this expansion include the increasing number of clinical procedures such as lithotripsy, coronary angiography, hemodialysis, radiotherapy for cancer, and chemotherapy being conducted in ASCs. Historically, both simple and complex procedures were exclusively performed in hospitals, contributing to a surge in inpatient admissions and, in some cases, inefficiencies within the hospital setting.
Ambulatory surgical centers offer a streamlined solution, providing high-quality care for minimally invasive procedures while significantly reducing costs. According to the Ambulatory Surgery Center Association, performing outpatient procedures in ASCs can save up to 59% of total healthcare spending. This cost-saving advantage is drawing significant investments in the establishment of these centers, particularly in developing regions where healthcare infrastructure is rapidly evolving.
As hospitals and healthcare providers increasingly turn to ASCs for their efficiency and cost-effectiveness, the market presents lucrative opportunities for industry players to expand their presence and capitalize on the growing demand.
“Growing demand for mobile healthcare services, coupled with favorable government policies encouraging the establishment of these centers in rural areas is expected to drive the market in the forthcoming years,” opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).
Key Takeaways: Ambulatory Surgical Centers Market by 2023 to 2033:
- The global Ambulatory Surgical Centers (ASC) market is expected to reach USD 150.6 billion by 2033, growing at a CAGR of 4.5% from 2023 to 2033.
- The growth of the ASC market is driven by several factors, including the increasing demand for outpatient surgery, the rising cost of healthcare at general hospitals, and the growing preference for ASCs among patients and physicians.
- The U.S. is expected to remain the largest market for ASCs, followed by Europe and Asia Pacific.
- The surgical services segment is expected to hold the largest share of the ASC market, followed by the diagnostic services segment.
- The increasing prevalence of chronic diseases and the growing adoption of minimally invasive surgical procedures are expected to drive the growth of the ASC market.
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Prominent Companies Establishing ASCs to Expand their Reach to Patients:
- In January 2023, Becker’s Healthcare announced that the Dallas-based Baylor Scott and White Health are planning to develop a four-story medical office building. The city’s planning committee permitted the land expansion for the hospital in December 2022. The 1,00,000 sq foot structure would inhabit an ASC, gastroenterology, endocrinology, and ophthalmology departments, and more.
- In 2021, Tenet Healthcare announced its plan to establish 40 ambulatory surgical centers with a total expenditure amounting to USD 150 million. The company expects its surgery business to register a larger share, in comparison to its hospital business, over the next three years.
- In January 2020, Surgery Partners acquired Vista Surgical Center which operates in ophthalmic therapeutics to provide healthcare services in the outpatient department.
List Encompassing Key Players Operating in the Ambulatory Surgical Centers Market:
- AmSurg Corp
- Tenet Healthcare
- HCA Holdings, Inc.
- Surgical Care Affiliates, Inc.
- Surgery Partners
- Ambulatory Surgical Centers of America
- Pinnacle III
- Proliance Surgeons
- Regent Surgical Health
- SurgCenter Development
Ambulatory Surgical Centers Market by Category:
By Centers Type:
- Single Specialty Centers
- MultiSpecialty Centers
By Modality:
- Hospital-Based Ambulatory Surgical Center
- Freestanding Ambulatory Surgical Center
By Services:
- Diagnostic Services
- Surgical Services
By Specialty Area:
- Gastroenterology
- Ophthalmology
- Orthopedics
- Pain/Neurology
- Urology
- Dermatology
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- The Middle East and Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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