Increasing awareness about healthcare services and the rising prevalence of chronic diseases contributing to the global ambulatory surgical centers market

calendar_today 03 October, 2022 person_outline Growth Plus Reports

According to the deep-dive market assessment study conducted by Growth+ Reports, the global ambulatory surgical centers market was pegged at ~US$ 89.5 billion in 2021. The global ambulatory surgical centers market is expected to witness a CAGR of ~6.1 % from 2022 to 2030. 

Ambulatory surgical centers (ASCs) are advanced surgical centers fully equipped with special surgical and diagnostic instruments and equipment to perform top-specialized surgery in a single day. The most common procedures in ambulatory surgical centers are dental, otolaryngology, endoscopy, obstetrics, gynecology, ophthalmology, orthopedic, and cardiovascular surgeries. ASCs conduct interventional and necessary procedures but do not accept patients from urgent care, walk-in clinics, or emergency rooms. Most ambulatory surgical procedures are usually completed in a single day, allowing the patient to return home the same day. According to studies, ambulatory surgical centers have lower complication rates, as well as post-operative pain and infections, and are less stressful than hospitals.

Ophthalmic procedures form a key application area of ambulatory surgery. The growing prevalence of myopia and cataract have been facilitating the growth of the global ambulatory surgical centers market. Myopia causes visual refractive blunders, usually in youngsters and the geriatric population. It increases the risk of ocular changes and induces other ophthalmic chronic diseases, i.e., cataracts, glaucoma, etc. In October 2021, the World Health Organization released a statement that nearly 2.2 billion people worldwide are diagnosed with vision impairment. In about 1 billion people, vision impairment could have been avoided or is yet to be addressed. Uncorrected refractive errors and cataracts are the most common causes of vision loss. A majority of people with eye disorders are over the age of 50; however, vision impairment can occur at any age. Hence, the high prevalence of myopia and cataract are contributing to the growth of the ambulatory surgical centers market.

Increasing chronic kidney disease and nephrolithiasis fuel the global ambulatory surgical centers market. According to the World Kidney Organization 2020, chronic kidney disease (CKD) currently affects approximately 850 million people worldwide. The global burden of CKD is rising, and it is expected to become the fifth leading cause of years of life lost by 2040. Chronic kidney disease is a significant source of unanticipated healthcare costs. According to the National Kidney Foundation, in the United States, more than half a million people go to emergency rooms for kidney stone problems each year. One in ten people will have a kidney stone at some time in their lives. The increasing burden of kidney stones fuels the demand for a laser lithotripsy procedure.

The increasing application of ambulatory surgical centers in dentistry is also contributing to the growth of the global ambulatory surgical centers market. Most oral health problems are preventable and treatable in their early stages. Dental caries (tooth decay), periodontal diseases, oral cancers, oro-dental trauma, cleft lip and palate, and noma are the most common oral health problems affecting children. Increasing the prevalence of oral and dental diseases such as root canal infections, gum diseases, biopsies, wisdom teeth extraction, etc., is rising demand for ambulatory surgical centers in dentistry.  

However, high deployment costs make ASCs unaffordable in low-income and middle-income countries. Other challenges include the lack of skilled professionals in these regions and the growing presence of multispecialty hospitals. Demand for multispecialty hospitals is increasing globally due to the availability of specialist doctors, in-house diagnosis laboratories, affordable Costs, easy access to all healthcare services, and favorable reimbursement policies. Increasing multispecialty hospital chains are restrainig the growth of the global ambulatory surgical centers market. 

North America dominated the global ambulatory surgical centers market, followed by the Asia Pacific. North America's large global market share can be attributed to technological advancement, rising healthcare expenditures, and developed infrastructure. Furthermore, favorable reimbursement policies for laser surgical procedures, the presence of key players, and an increase in chronic diseases in the region are driving the North American ambulatory surgical centers market.

Some prominent players operating in the global ambulatory surgical centers market are Health Systems, Inc., Envision Healthcare Corporation, Terveystalo, Tenet Healthcare Corporation, MEDNAX Services, Inc., TeamHealth, Quorum Health Corporation, UnitedHealth Group, Surgery Partners, and Healthway Medical Group among others.

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