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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