Ambulatory surgical centers (ASCs) are modern healthcare facilities providing surgical procedures that do not require overnight hospital stays. Commonly performed procedures in ASCs include ophthalmology, orthopedic, gastrointestinal, pain management, and cosmetic surgeries. ASCs provide outpatient and minimally invasive surgical procedures in a cost-effective manner compared to hospitals. Furthermore, ASC-based services allow patients to recover in the comfort of their homes reducing hospital stays and associated costs.

The global Ambulatory Surgical Center Market is estimated to be valued at US$ 109 billion in 2023 and is expected to exhibit a CAGR of 36% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:
Rapid healthcare infrastructural development is anticipated to boost the ambulatory surgical center market growth over the forecast period. Governments across countries are investing heavily in developing healthcare infrastructure by establishing new ASCs and upgrading existing facilities. This is expected to significantly enhance accessibility and affordability of quality surgical care. For instance, in 2020, the U.S. government announced investments worth US$ 2 billion towards construction and modernization of ASCs, especially in underserved rural regions. Similarly, the Indian government launched the 'Ayushman Bharat' program with plans to establish over 600 new ASCs by 2025. Such initiatives are aimed at addressing growing needs of the burgeoning patient population and reducing overburdening of hospitals, in turn, driving the ambulatory surgical center market growth.

Porter's Analysis
Threat of new entrants: The threat of new entrants in the ambulatory surgical center market is low to moderate as it requires high initial investments to build new facilities and obtain all the necessary licenses and certifications. However, ambulatory surgical centers have gained popularity as they provide surgical services at lower costs compared to hospitals.
Bargaining power of buyers: The bargaining power of buyers is moderate in the ambulatory surgical center market. Buyers have several options to choose from in terms of ambulatory surgical centers. They can negotiate on service quality, costs, and other services provided.
Bargaining power of suppliers: Medical device suppliers and pharmaceutical suppliers have moderate bargaining power over ambulatory surgical centers. Established suppliers can influence prices. However, the availability of substitute suppliers provides options to the centers.
Threat of new substitutes: The threat of substitutes is moderate. Other low-cost healthcare service providers like in-home surgeries and outpatient clinics can be considered alternatives to ambulatory surgical centers for minor surgical procedures.
Competitive rivalry: The competition in the market is high and expected to increase further as players are trying to gain market share by expanding service offerings, lowering costs, and building new facilities.

SWOT Analysis
Strengths: Ambulatory surgical centers provide surgical services at lower costs compared to hospitals. They offer convenience through flexible scheduling and require shorter stays.
Weaknesses: Centers have limited operational capacity and service offerings. They also lack advanced diagnostic options and intensive care units available in large hospitals. High fixed costs of facilities pose challenges.
Opportunities: Growth in elderly population, chronic diseases, and surgical procedures drives demand. Technological advancements enable complex surgeries to be performed on an outpatient basis.
Threats: Economic slowdowns can negatively impact the market. Lack of health insurance coverage limits access for some patients. Stringent regulations and certification requirements increase compliance costs.

Key Takeaways
The Global Ambulatory Surgical Center Market Demand is expected to witness high over the forecast period supported by an increasing preference for outpatient surgeries. As the market size for 2028 is projected to reach $130 billion. The global Ambulatory Surgical Center Market is estimated to be valued at US$ 109 billion in 2023 and is expected to exhibit a CAGR of 36% over the forecast period 2023 to 2030.

North America currently dominates the market and is projected to maintain its position throughout the forecast period. Growth in the region can be attributed to the higher number of ambulatory surgical centers per capita, growing geriatric population with chronic conditions, and improved reimbursement policies supporting outpatient surgeries. Countries like the US and Canada are major revenue generators. Europe is another prominent regional market and countries like Germany, UK, France are driving demand factors in Europe are similar to North America comprising growing elderly population with chronic diseases, better access and coverage.

Key players operating in the ambulatory surgical center market are AmSurg Corp., HCA Healthcare Inc., Tenet Healthcare, Surgical Care Affiliates, Surgery Partners, Ambulatory Surgical Centers of America, Group Ambulatory Services, and Symbion Inc. Major players are focusing on acquisitions, partnerships, and expanding into new regions to gain market share globally.
 

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