Ambulatory Surgical Centers Market Projected to Reach USD 150.6 Billion by 2033 at a 4.5% of CAGR

The ambulatory surgical centers (ASCs) market has experienced significant growth, achieving a market size of USD 96.5 billion in 2023. Forecasted to grow at a steady compound annual growth rate (CAGR) of 4.5%, the market is expected to reach USD 150.6 billion by 2033. This growth is driven by the numerous advantages offered by ASCs, including enhanced efficiency, reduced unnecessary services, and lower treatment costs compared to traditional inpatient settings.

ASCs, also known as outpatient surgical centers, have gained recognition as a cost-effective alternative to hospital-based procedures. They enable quicker recovery times, reduce the risk of hospital-acquired infections, and provide personalized care in a comfortable environment. These factors contribute to their increasing preference among managed care companies, self-insured employers, and government payers seeking to optimize healthcare expenditures.

The growing need for ASCs is evidence of their capacity to deliver effective and reasonably priced healthcare solutions. ASCs are essential to providing patient-centered treatment while lowering the total cost load on patients and healthcare systems as the healthcare sector develops.

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The ASCs offer adequate treatments to cure illnesses, along with providing many facilities including reimbursement policies and insurance options. Thus, providing a cost-effective treatment to patients, lower than the expenses incurred at hospitals.

At ASCs, physicians are in a better position to control expenses and patient experience. By concentrating on one specialty and owning the equipment, it becomes easier for healthcare providers to schedule procedures and run an operating room efficiently. Therefore, more physicians are opening up ASCs to cater to the growing demand for surgical procedures. Going forward, the ambulatory surgical centers market is being governed by the research and development activities initiated by key players for the advancement of the market.

Key Takeaways from the Ambulatory Surgical Centers Market:

• The U.S. market is predicted to maintain its prominent position over the forecast period as well, and reach US$ 73.5 billion by 2033. The market is predicted to record a CAGR of 4.5% from 2023 to 2033.
• In Asia Pacific, Japan is estimated to attain US$ 5.7 billion by 2033. The market valuation of Japan is significant than China, which attained US$ 5.3 billion in the same year.
• However, the growth of the market in China is projected to be 5% CAGR, greater than the 2.4% CAGR estimated for the market in Japan.
• Over the forecast period, the surgical services segment is projected to emerge as the leading service, recording a CAGR of 4.6%.The
• Increasing number of ASCs delivering high-quality outpatient surgical care is projected to contribute towards the progress of this segment.

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News Featuring Market Developments by Key Players of Ambulatory Surgical Centers:

• In January 2023, Hudson Medical Center, a US$50 million and 1, 60,000 square foot facility, opened its gates for patients. At the same premises, the first ASC in St. Croix County, named Valley Surgery Center, will also be present. The center will be able to operate about 10,000 surgeries every year, after its commencement.
• In August 2022, HCA Healthcare, a major healthcare provider in the U.S., announced its acquisition of Stone Oak Surgery Center, in association with 11 physician partners. The latter is a San Antonio-based ASC, authorized by the Centers for Medicare & Medicaid Services (CMS), and offers multispecialty services. With this acquisition, HCA Healthcare will extend its footprint in San Antonio.
• Earlier, in January 2022, the company had revealed its decision to develop five new hospitals, offering all the necessary services in Texas. With this initiative, the company aims to cater to the rising need for healthcare services in the state.

Key Companies Profiled:

• 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

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