The U.S. ambulatory surgery center market consists of facilities that primarily provide same-day surgical procedures including diagnostic and preventive procedures. Ambulatory surgery centers are preferred over hospitals as they are more cost-effective and ensure a speedy recovery. The procedures performed in these centers include orthopedic, ophthalmic, pain management, gastrointestinal, and general surgeries. The growing geriatric population in the U.S. suffers from various chronic diseases requiring surgical interventions, which is driving the demand for ambulatory surgery centers.

The global U.S. Ambulatory Surgery Center Market is estimated to be valued at US$ 65.58 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Opportunity:

The rising geriatric population presents a major market opportunity for ambulatory surgery centers. As per the U.S. Census Bureau, the number of Americans aged 65 and above is projected to reach 94 million by 2060 from 52 million in 2018. This aging population is more prone to chronic and degenerative diseases such as orthopedic disorders which often require surgical treatments. With the growing healthcare costs in the U.S., ambulatory surgery centers have become an attractive and comparatively cheaper option for the aged to undergo surgeries and recover quickly. They provide patient-centric and specialized care for older adults in a home-like environment. Thus, the increasing senior citizen base suffering from mobility issues will drive the demand for outpatient surgical services of ambulatory centers over the forecast period.

Porter's Analysis
Threat of new entrants: The U.S. ambulatory surgery center market has moderate threat of new entrants due to requirement of large capital investment and regulatory barriers. However, partnership models reduce entry barriers.
Bargaining power of buyers: Buyers have moderate bargaining power due to availability of alternatives and transparency in price and quality offered by different centers.
Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to fragmented nature and presence of many.
Threat of new substitutes: Threat from new substitutes is low as ASC services offer convenience and minimize waiting time compared to inpatient hospital facilities.
Competitive rivalry: The market has high competition due to presence of many private chains and individual centers competing on quality and service.

SWOT Analysis
Strength: ASCs offer high quality services at lower costs. They have specialized equipment and staff focused only on outpatient procedures. The convenience of same day discharge is also a key strength.
Weakness: Lack of emergency and inpatient facilities. Dependence on third party payers like insurance companies for reimbursement.
Opportunity: Growing demand for various elective surgeries among aging population offers opportunity. Also, shift towards high deductible health plans is driving people to lower costing ASCs.
Threats: Economic slowdown can impact discretionary spend on elective procedures. Entry of new healthcare reform policies promoting inpatient facilities over ASCs.

Key Takeaways
The U.S. ambulatory surgery center market is expected to witness high growth over the forecast period driven by factors such as growing prevalence of chronic diseases, rising healthcare spending, increasing volume of surgical procedures. The global U.S. Ambulatory Surgery Center Market is estimated to be valued at US$ 65.58 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030.
Regional analysis: The central region dominates the US ASC market currently accounting for over 30% share. The growth is highest in the South region currently witnessing annual growth of over 6% supported by expanding healthcare infrastructure and growing population.
Key players: Key players operating in the US ambulatory surgery center market are AmSurg Corp., Getinge Group, Tenet Healthcare, Regent surgery Health L.L.C, Covenant surgery Partners Inc, and Surgery Partners. AmSurg leads with around 20% market share while Tenet Healthcare is next largest player.