Ambulatory Surgical Centers Market to grow with a CAGR of 4.8% over the forecast years

Ambulatory Surgical Centers Market to grow with a CAGR of 4.8% over the forecast years


Ambulatory surgical centers are also known as outpatient surgery centers which offer modern health care facilities for the patients to perform selected surgical and procedural services outside the hospital setting. The benefits associated with ASC includes comfortable, and timely surgical services, quality of care, enhanced efficiency, improved outcomes, convenience, and lower costs. Further, rising prevalence of chronic diseases and rise in adoption of minimally invasive surgery increase the demand for ambulatory surgical centers.

 

Furthermore, as measures to control the outbreak of coronavirus have augmented, the demand for Ambulatory Surgical Centers has momentarily decreased. Currently, as the entire health care system is primarily focused on treating this virus, elective surgeries, and non-essential surgical procedures are delayed during pandemic. surgical departments re-scheduling their activities which has led to a fall in the number of minimally invasive surgical procedures in these outpatient facilities in the year 2020.

Infinium Global Research’s recent report on the “Ambulatory Surgical Centers Market (Ownership - Hospital-affiliated ASC’s, and Freestanding ASC’s; Specialty Type - Single-specialty Centers, and Multi-specialty Centers; Specialties Served - Dental, Gastroenterology, Ophthalmology, Orthopedic, Neurology, Pediatric, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026” provides a comprehensive outline of the factors responsible for the growth of the market.

 

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Ophthalmology Segment Holds the Largest Market Share in Ambulatory Surgical Centers

Ophthalmology is a division of medicine and surgery that deals with the treatment and diagnosis of eye disorders. The increasing prevalence of eye diseases, for example, glaucoma, cataract, macular degeneration, and diabetic retinopathy, is expected to propel the market. Over the past decades, several minimally invasive procedures have been developed, leading to a great improvement in eye surgery. Ophthalmic surgery approaches are effective and are not bleb-dependent. However, the rapidly increasing geriatric population base and the growing prevalence of chronic eye conditions as a consequence of high stress and unhealthy lifestyles result in diabetes retinopathy, which are high impact rendering drivers for the industry.

The report on the “Global Ambulatory Surgical Centers market” offers an in-depth analysis of the segments such as Ownership (Hospital-affiliated ASC's and Freestanding ASC's), Specialty Type (Single-specialty Centers and Multi-specialty Centers), and Specialties Served (Dental, Gastroenterology, Ophthalmology, Orthopedic, Neurology, Pediatric, and Others).

 

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North America to be the Dominant Region in Ambulatory Surgical Centers Market

Geographically, North America generated the largest revenue in Ambulatory Surgical Centers Market in 2019 and is expected to continue its dominance over the forecast years. The factors such as rising incidences of chronic diseases and presence of technologically advanced ambulatory surgical centers in North America region driving the demand of ambulatory surgical centers. furthermore, Asia-Pacific is expected to have a decent market share over the forecast period owing to rising awareness regarding availability of minimally invasive treatments and procedures.

 

Companies Operating in Ambulatory Surgical Centers Market to Ramp Up Production Amidst COVID-19 to Meet the Rising Demands

The market for ambulatory surgical centers is highly fragmented and competitive due to presence of international and regional players. The major players in the market include Tenet Healthcare, Nueterra Healthcare, IntegraMed America, Inc., Healthway Medical Group and Envision Healthcare Corporation. These manufacturers are continuously focusing on strategic partnership with physicians and leading health systems to facilitate key strategies to gain a competitive edge in the market. These manufacturers are also focusing on strategic acquisition and joint venture with key distributors to strengthen market position. The key players are working with health care facilities to reduce patient suffering and enhance caregiver resilience to improve the overall safety, quality, and experience of care. Infinium Global Research’s recent report on the global Ambulatory Surgical Centers Market is an encompassment of such recent developments in the global marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the market and also estimates the impact of recent developments the global market.


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