- Hospital-Based Ambulatory Surgery Centers
- Free-Standing Ambulatory Surgery Centers
Ambulatory Surgery Center Market size was valued at USD 2,634.8 million in 2021, growing at a CAGR of 24.7% from 2022 to 2028. An ambulatory surgery center (ASC) is a medical service that concentrates on providing safe outpatient surgical procedures and services. Consequently, outpatient surgery has many benefits as compared to in-patient surgery. Growing demand for negligibly invasive processes, technological advancements in surgical equipment and instruments, and control of surgeons over choosing such equipment are the main factors accountable for the ambulatory surgery center market growth.The global market provides a detailed overview and that can be segmented by type, by specialty, and by Treatment. By type, the Ambulatory Surgery Center market growth has been segmented into Hospital-Based Ambulatory Surgery Centers and Free-Standing Ambulatory Surgery Centers. The Free-Standing Ambulatory Surgery Centers segment is likely to be the largest and fastest-growing segment in terms of type. The Free-Standing Ambulatory Surgery Centers are the most common, as doctors have a 100% stake in these centers. A large part of this segment is also contributed by factors such as the convenience of physicians in scheduling surgical processes, leading to the growing preference for this type of possession. Based on Speciality, the Ambulatory Surgery Center market is segmented into Single Specialty Centers and Multi-Specialty Centers. Among these, the multi-Specialty Centers segment is expected to have the fastest-growing market during the forecast period 2022-2028. The rise of this segment is mainly because of the huge number of surgical events performed in these amenities and the accessibility of compensation for these procedures. Based on the Treatment, the Ambulatory Surgery Center market is segmented into Laceration Treatment, Bone Fracture Treatment, Emergency Care Service, Trauma or Accident Treatment, and Others. The Emergency Care Service segment is expected to have a significant share in 2021. Key Development: In February 2022, EMU Health collaborated with NYU Langone Orthopedics to launch a new joint replacement agenda for outpatient in an ambulance surgery center In November 2021, Tenet to acquired 92 ambulatory surgery centers
Fastest Growing Market
The technological developments in medical instruments and accessories is anticipated to propel the market growth over the forecast years. Moreover, the rising aggravation of chronic diseases growing aging population is burgeoning the market growth over the forecast years.
In June 2022, Xenco Medical launched of its Multilevel CerviKit and received US FDA approval for Ambulatory Surgery Center Device Portfolio.
Accessibility of minimally invasive treatments and suitable government policies and reimbursements
The huge cost of abundant medicinal devices and lack of skilled professionals and a dearth of healthcare facilities in developing countries