$75.5 Bn Growth in Ambulatory Surgery Center Market to Exhibit a Decent CAGR of 6.5% | Demand by 2031
Pune, Maharashtra, India, September 14 2022 (Wiredrelease) Prudour Pvt. Ltd –:An ambulatory surgery center, also called an outpatient surgery center or short-stay surgery center, is a medical facility where surgical procedures not requiring an overnight hospital stay are performed. These facilities provide a more convenient and less costly alternative to traditional hospital surgical services for patients and their families.
The global ambulatory surgery center market size was valued at USD 75.5 billion in 2018 and is estimated to register a CAGR of 6.5% over the forecast period.
The ambulatory surgery center market is growing rapidly as more and more patients are opting for outpatient procedures. This trend is being driven by the increasing number of baby boomers who are reaching retirement age and the growing number of women in the workforce. The number of procedures performed in outpatient settings has grown significantly in recent years, and this trend is expected to continue. The most common procedures performed in ambulatory surgery centers are hernia repair, cataract removal, and knee replacement. The growing popularity of ambulatory surgery centers is due to the many advantages they offer over traditional hospitals. Ambulatory surgery centers typically have shorter wait times, lower costs, and a more comfortable environment.
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ASC market growth is due to increasing demand for minimally invasive surgery, technological advances in surgical equipment and surgeons’ control of choosing such equipment. Rising healthcare costs are a significant concern in the industry. Patients may not be able to afford treatment, even surgical procedures. Healthcare providers are now challenged to find affordable ways to provide quality services while keeping costs down. ASCs are a great solution for this situation.
In addition to lower hospitalization rates, there has been an increase in the number of outpatient visits. According to American Hospital Association, outpatient admissions increased to 624 million in 2008 and 675 million in 2012. Meanwhile, inpatient admissions declined to 35.76 million to 34.40 million during the same time period. Outpatient admissions have increased due to the use of more advanced technology in outpatient centers. This makes treatment cheaper and quicker. This allows tests and procedures to be performed in outpatient settings without the need for hospital admission.
Market Dynamics for Ambulatory Surgery Centers
Drivers
Technological developments:
Market germination has many factors that include the improvement of minimally invasive procedures, technological advances in medical accessories or instruments, and the control of doctors over the selection and use of such facilities.
Increased prevalence of chronic diseases:
The increasing incidence of chronic diseases in both advanced and emerging markets is expected to boost the demand for ambulatory surgical centers over the period 2022-2029. Market emergence will therefore be affected by the rising likelihood of problems.
Rising ageing population:
The market will see a positive effect from the ageing population over the forecast period. Market expansion will also be accelerated by rising demand for minimally-invasive therapies that improve patient management.
Opportunities
A growing number of chronic illnesses in the adult, geriatric population makes it more urgent to have outpatient operation markets. It provides better patient care at a lower cost and is therefore more popular.
Restraints/Challenges
On the other side, the enormous cost of many medicines will hinder the market’s growth. The market will be challenged due to a lack skilled professionals and poor healthcare infrastructure in developing countries.
This report provides detailed information on the ambulatory surgeon center market, including import-export and production analyses, value chain optimization, market share, and market share. It also examines opportunities in terms of emerging revenues pockets, changes in regulatory policies, strategic market growth analysis. Market size, category market increases, application niches or dominance, product approvals. Geographic expansions. Technological innovations in the market. Data Bridge Market Research offers an Analyst Brief that will give you more details about the ambulatory surgeon center market. This brief will allow you to make an informed decision and achieve market growth.
Top : World’s Biggest Ambulatory Surgery Center Market-Specific manufacturing
EHH
THC
Mednax
HCA Healthcare
Team Health
Surgical Care Affiliates
QHC
Surgery Partners
Medical Facilities
Terveystalo Healthcare
SurgCenter Development
Healthway Medical
Eifelhoehen-Klinik
ASCOA
Nueterra Healthcare
Note: Along with the indirect influence of associated industries, We are regularly tracking direct effect COVID-19 has on the market. The observations will be included in the report.
Ambulatory Surgery Center Study should be approached:
1. A competitor can use a product heat map to analyze their product’s weaknesses and strengths.
2. Revenue Analysis (Historical & Forecast) for all segments and geography.
3. Market opportunities can be seen on the Opportunity Map.
4. Company’s SWOT Analysis, Porter’s Five Forces Analysis and PEST Analysis.
5. Drivers, Restraints and Opportunity Analysis
6. Market Forecast: Talk about the growth of the new Ambulatory Surgery Center market over the next 10 years.
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Market segmentation: The article will outline the different types of Ambulatory Surgery Center market.
Types of Ambulatory Surgery Center: Different types of Ambulatory Surgery Center market.
Single-specialty Centers
Multi-specialty Centers
Common uses for Ambulatory Surgery Center Market: The range of applications for which these Ambulatory Surgery Center are used.
Ophthalmology
Pain Management
Gastroenterology
Orthopedics
The geographic regions in this report are segmented into several key areas for production, consumption, revenue (million USD), and market share. The Ambulatory Surgery Center growth for this region between 2022 and 2032 (prevision), will be covered
– North America (U.S. & Canada)
– Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
– Asia Pacific (China, India, South Korea, Indonesia, Australia, and Others)
– Latin America (Brazil, Mexico)
– Middle East and Africa
The article covers the following points:
1. The Ambulatory Surgery Center market’s value is analyzed according to the key region.
2. To analyze the market for trends, future expansion and their stake in the entire sector.
3. (2015-2020) Historic data analysis and forecast period analysis (2022-2032) are the information covered by reports.
4. The report is full of information on the region, major players there now and what has changed recently. It’s also about different types of products,
applications, and other background information.
Why Invest
– Analyse regional trends in Ambulatory Surgery Center using insight on output values, forecast data up to 2031.
– To identify the fastest growing markets and allow you to target commercial opportunities in those markets that are most strategic.
– Identify the key drivers of the global Ambulatory Surgery Center market. Also, consider the growth opportunities in both emerging and developed countries. Plan how and where to engage the market, while minimizing any negative impact on revenue.
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Frequently Asked Questions (FAQs)
– What are the opportunities for an Ambulatory Surgery Center market to grow?
– How fast is the Ambulatory Surgery Center market growing?
– Which regional market will be a pioneer in the next few years?
– In the years to come what growth opportunities might arise in the Ambulatory Surgery Center industry?
– What challenges could the Ambulatory Surgery Center market face in its future?
– What are the leading companies in the Ambulatory Surgery Center market?
– What are the main factors that contribute to rapid growth?
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