The U.S. ambulatory surgery center market comprises medical facilities that are separate entities from hospitals and primarily perform outpatient surgeries such as cardiac catheterization, colonoscopies, and endoscopies. Ambulatory surgery centers provide cost-effective and convenient options for surgical procedures that do not require overnight hospital stays. Rapidly growing geriatric population, increasing preference for minimally invasive surgeries, and lower costs compared to inpatient hospital stays are some of the key factors augmenting demand for ambulatory surgery centers in the U.S.
The U.S. ambulatory surgery center market is estimated to be valued at US$ 72.58 Bn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the U.S. ambulatory surgery center are AmSurg Corp., Getinge Group, Tenet Healthcare, Regent surgery Health L.L.C, Covenant surgery Partners Inc, and Surgery Partners. AmSurg Corp. is one of the largest operators of ambulatory surgery centers in the U.S. with around 150 centers. Getinge Group provides advanced medical technologies, services, and solutions to ambulatory surgery centers.
The U.S. Ambulatory Surgery Center Market Trends offers significant opportunities arising from rising adoption of minimally invasive procedures, growth in ageing population, and favorable reimbursement policies. The increasing popularity of medical tourism is also fueling demand. Countries such as India and Mexico offer cost effective high quality healthcare and attract medical tourists from the U.S. seeking affordable surgical treatments.
Major players in the U.S. ambulatory surgery center market are focusing on global expansion through partnerships, mergers, and acquisitions. For instance, in 2021 Tenet Healthcare acquired a majority stake in United Surgical Partners International, a leading multi-specialty ambulatory surgery platform operating in the U.S., Canada and Italy. This expanded Tenet’s international footprint. Surgery Partners also acquired Southeastern Surgery Centers to strengthen its presence across the Southeast U.S.
Market Drivers
Growth in geriatric population: Rapidly growing geriatric population base prone to chronic diseases and in need of surgical treatments is a major driver of ambulatory surgery centers market in the U.S. According to the United Nations, people aged 65 years or older comprised 16% of the total U.S. population in 2020 and this percentage is projected to increase to over 20% by 2030. As ambulatory surgery centers offer cost-effective treatment options close to patient’s homes, demand from the ageing demographic will increase substantially.
Market Restrain
Shortage of skilled healthcare workforce: There is a significant shortage of skilled nurses, surgeons, and other healthcare professionals in the U.S. ambulatory surgery center market. Compensation and work pressure has deterred individuals from opting for careers in healthcare. Lack of adequate workforce impedes service expansion plans of market players and restricts the growth potential of these centers in rural areas.
Segment Analysis
The U.S. Ambulatory Surgery Center Market Regional Analysis is dominated by single-specialty centers, which hold around 50% market share. These are centers dedicated to a single clinical specialty such as ophthalmology, pain management, gastroenterology, orthopedics etc. Single-specialty centers are preferred by many physicians as it allows them to focus expertise in a particular clinical area and offer patients dedicated services. Multi-specialty centers that allow multiple specialties to perform procedures under one roof hold around 40% share. The remaining share is captured by hospitals outpatient departments which have seen decline in market share due to preference for free-standing centers.
Global Analysis
The North America region dominates the global ambulatory surgery center market and is estimated to continue its dominance during the forecast period. This is due to factors such as the well-established healthcare infrastructure, rising rates of chronic diseases, and the presence of private healthcare insurance providers. The US represents major market share in North America. China and Japan hold significant shares in the Asia Pacific market due to improving healthcare infrastructure and rising medical tourism. Growth in the Europe region is driven by countries such as Germany, France and the UK. Factors such as rising aging population, increasing obesity rates and focus on cost-containment will continue driving demand across major regions during the forecast period.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
