According to a report available on Radiant Insights, Inc.; the ambulatory surgery center (ASC) market is likely to show significant growth by 2025. Increasing geriatric population and rising prevalence of chronic diseases boosting the demand for demand for outpatient surgery centers are expected to be the primary growth-driving factors for the global market. In addition, technological advancements in surgeries, in terms of costs and treatment time, can also drive the market demand over the forecast period (from 2018 to 2025).
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Increasing demand for minimally invasive surgeries on account of growing cases of chronic illness and cardiovascular diseases (CVDs) caused due to changing eating habits and inactive lifestyles may also spur the market development. Minimally invasive surgeries minimize the complications and reduce hospital stays, thus the advancements in these techniques are likely to contribute toward market expansion. On the other hand, factors such as lack of healthcare professionals, overnight facilities, and quick transfers owing to complications may pose challenge to the market. However, availability of advanced devices like radiofrequency ablation used to treat joint and chest pains, liver and kidney problems, dermatological conditions would also impel market growth.
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The global ASC market can be segmented on the basis of product, end user, and region. Based on product, the market can be categorized into single-specialty centers and multi-specialty centers. On the basis of end user, the market can be split into gastroenterology, pain management, ophthalmology, orthopedics, and others. Geographically, the ambulatory surgery center (ASC) market can be divided into North America, Europe, Southeast Asia, China, Japan, and India. North America is expected to show significant growth in the coming years due to availability of large number of outpatient surgery centers.
Moreover, quick adoption of technologically advanced products in the region would also contribute toward the growth of ambulatory surgery centers. US is expected to be the major contributor for the North America regional market. This growth is associated with the rising cases of gastrointestinal disorders and chronic diseases such as colon and rectal cancer and abdominal diseases, especially among younger population. In addition, high number of eye disorders and increased awareness regarding laser eye surgeries that can be performed in ASCs may also support the market development in the region.
Europe is expected to witness a rapid expansion on account of increasing governments support for enhancing medical facilities in the region. Southeast Asia and countries such as China and Japan are expected to register a heathy growth rate during the forecast period. Rising burden of healthcare cost owing to high prevalence of chronic disease have encouraged the government bodies and industry players to form new approaches to provide outpatient services in these regions. For instance, recently, China launched a new mobile application to take appointments and payments of ASCs in order to decrease the waiting time for patients.
The ambulatory surgery center (ASC) market is highly competitive due to the presence of several established international companies and regional companies. Some of the prominent players in the global ambulatory surgery centers market include Healthway Medical Group; Surgical Care Affiliates, Inc.; SurgCenter Development (SCD); Eifelhoehen-Klinik AG; and Hospital Corporation of America (HCA). Most of these companies focus on offering novel products at competitive prices to maintain the industry position. For example, Methodist Center for Diagnostic Imaging (CDI) has recently introduced a new outpatient-based imaging center in Mansfield to offer cost-effective high-field open MRI, ultrasound, low-dose CT, and X-ray.
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