U.S. Ambulatory Surgery Center Market to be worth by growth in Outpatient Surgeries
The U.S. Ambulatory Surgery Center market caters to the rising demand for cost-effective and quality surgical procedures. Ambulatory surgery centers or outpatient surgery centers enable surgical procedures to be performed in a hospital facility without an overnight hospital stay. Popular procedures performed at ASCs include orthopedic, ophthalmology, gastroenterology, pain management, and cosmetic surgeries. The centers offer spacious suites, specialized equipment, and expert clinical staff to ensure safety, affordability, and a positive patient experience.
The Global Ambulatory Surgery Center Market is estimated to be valued at US$ 72.58 Bn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 To 2031.
The market is driven by the increase in outpatient surgeries which accounts for over 70% of all surgical procedures performed. Outpatient care reduces costs substantially compared to inpatient hospital stays for facilities, insurers as well as patients. The growing geriatric population requiring age-related surgeries and rising demand for specialized ambulatory centers are fueling market revenue.
Key Takeaways Key players operating in the U.S. 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 Corp. and Surgery Partners together operate over 500 centers, dominating the industry.
The U.S. is witnessing high demand for orthopedic, pain management and gastroenterological outpatient procedures. According to statistics, over 5 million orthopedic surgeries were performed in ASCs in 2020.
Technological advancements are improving safety and expanding the scope of surgeries performed in ASCs. Robotics, augmented reality, and digital imaging solutions enhance precision and reduce turnaround times.
Market Trends Growing preference for high-deductible health plans is steering patients to lower-cost outpatient facilities for surgeries. Insurers are also incentivizing the use of U.S. ASC Market Demand through tiered network plans.
ASCs are diversifying their service portfolio to perform complex high-risk surgeries such as bariatric, spine and joint replacement procedures traditionally carried out at hospitals. This is expanding revenues.
Market Opportunities The favorable reimbursement policies for ASCs under Medicare are encouraging the setup of newer facilities, meeting the rising demand. Over 7000 ASCs were operational in the US in 2020. The market is expected to see rapid capacity expansion during the forecast period.
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