Ambulatory surgical centers are medical facilities where surgical procedures not requiring an overnight hospital stay are performed. Common procedures performed at ambulatory surgical centers include orthopedic, gastroenterological, ophthalmological, pain management, plastic/cosmetic, ENT, urological, and dental procedures. The centers offer several advantages compared to hospital-based outpatient procedures such as reduced waiting times and less chances of hospital-acquired infections. The global ambulatory surgical center market is estimated to be valued at US$ 96.20 Bn or in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

The growth of the ambulatory surgical center market is majorly driven by the increasing number of outpatient procedures performed globally. According to data by Ambulatory Surgery Center Association, around 70% of all surgical procedures performed in the U.S. were done in ambulatory surgical centers. This is attributed to the preference of patients and physicians for less invasive procedures which do not require overnight hospital stays. Further, ASCs offer high quality care at lower costs and reduced wait times compared to inpatient hospital care which is another driver favoring their rising adoption. For instance, the average total payment to an ASC for a cataract surgery in the U.S. is ~US$ 3,000, which is approximately 60% lower than the cost of the same procedure in a hospital setting.

However, strict government regulations pertaining to infrastructure, equipment, and credentialing of staff could hamper market growth. Further, lack of sufficient health insurance coverage for ASC-based procedures also remains a challenge.

SWOT Analysis

Strength: Ambulatory Surgical Center Market has significant cost saving potential compared to inpatient hospital care. Physicians can perform various low risk surgeries and minor procedures at such centers efficiently. They have shorter waiting times and patient turnover is faster.

Weakness: Ambulatory surgical centers have limited specialized equipment and healthcare staff. They cannot handle complex surgeries or medical emergencies that may occur. Patient safety can become a concern without full hospital facilities and round the clock care.

Opportunity: Rising geriatric population susceptible to various diseases and surgical procedures augments market growth. Growing preference for less invasive and localized treatments increases demand. Development of advanced medical technologies enables complex operations in outpatient settings.

Threats: Stringent regulatory compliance requirements raise operating costs. Lack of health insurance coverage and high medical bills deter patients from choosing such centers. Shift towards in-home healthcare post COVID-19 pandemic impacts business volumes.

Key Takeaways

The Global Ambulatory Surgical Center Market Size is expected to witness high growth. The market size for 2023 is US$ 96.20 Bn and is projected to reach US$ 119.50 Bn by 2030, registering a CAGR of 4.9% during the forecast period.

Regional analysis: North America dominates the global ambulatory surgical centers market currently. This can be attributed to the rising geriatric population, growing prevalence of target conditions, and favorable reimbursement policies driving market growth. Asia Pacific region is expected to offer lucrative opportunities owing to improving healthcare infrastructure and increasing medical tourism in countries like India, China, and Singapore.

Key players: Key players operating in the Ambulatory Surgical Center market are Kansai Paint Co., Ltd., Axalta Coating Systems, Kyoei Vietnam Co., ltd, Nippon Paint Holdings Ltd., PPG Industries, Inc., B.L Downey, Dornauer-Grillitsch GmbH, KAPCO Manufacturing Inc., BASF Coatings Gmbh, and DuPont de Nemours, Inc. These companies focus on new product launches, mergers, acquisitions and strategic collaborations to gain market share.  

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