Surgicenters specialize in same-day diagnostics, surgery, and preventive procedures and provide quality service at optimal cost. According to the Ambulatory Surgery Center Association (ASCA), procedures performed in ASCs are around 50.0% cheaper than Hospital Outpatient Department (HOPD). The significant cost reduction in the diagnosis, surgical procedures, and preventive treatment is expected to promote the utility of ambulatory surgery centers in the coming years.
Rising government expenditure towards the development of ambulatory facilities to increase accessibility and reduce the cost of treatment will also fuel growth in the market. In the U.S., the government initiated Medicare's Hospital Readmissions Reduction Program under the Affordable Care Act. This initiative was started with the objective to provide primary care to patients at accessible point-of-care centers and reduce avoidable costs including hospital stay.
ASCs are used as alternatives for the surgery of various diseases including cardiovascular disease, cataract, chronic pulmonary disorder, and stroke. A wide-scale prevalence of these diseases adds to the growth prospect of surgicenters as patients look for affordable and convenient medical care. According to the World Health Organization (WHO), in 2016, around 17.9 million people died due to cardiovascular diseases, which accounted for around 31.0% of the total global deaths during the year.
Shorter waiting time and low diagnosis cost are projected to promote the utility of outpatient surgery centers on a global level. According to the Healthcare Cost and Utilization Project (HCUP), in 2014, more than 17 million surgeries were performed in ambulatory surgery centers.
The inclusion of accessible diagnostics coupled with quality surgeons and staff members is expected to be a key value proposition for ASCs. According to a report by the Medicare Payment Advisory Commission, the number of Medicare-certified ASCs are increasing on account of their cost-effective, quality and efficient outpatient treatment.
The gastroenterology market is expected to be the fastest growing market with a CAGR of more than 6.5% from 2017 to 2025. Globally, a number of people suffer from gastrointestinal diseases. According to the data published by the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), in 2010, around 60 million to 70 million people suffered from gastrointestinal conditions and 48.3 million patients visited ambulatory care centers.
North America is a key market for same day surgery centers market where increasing government funding to advance primary care services and increasing coverage for outpatient services has spurred growth in the market. In 2017, North America accounted for around 47.0% of the global surgicenters market. On the other hand, the Asia Pacific region is expected to be the fastest growing market having a considerable population and an increasing prevalence of chronic diseases.
Over the coming years, same day surgery centers are expected to witness competition from large hospital chains entering the space by launching their own surgicenters. Quality surgeons and efficient operating procedures to expedite surgical procedures are expected to be the focus area of ambulatory surgery centers in the coming years.
In the coming years, the sector is expected to witness mergers & acquisitions as companies aim to consolidate market presence. For instance, in January 2017, UnitedHealth Group’s Optum, health services company, acquired Surgical Care Affiliates, Inc., an ambulatory surgery center and surgical hospital provider. The acquisition positions the resulting entity as a comprehensive provider of ambulatory care services.
Some of the key players in the market include Envision Healthcare Corporation, Tenet Healthcare Corporation, HCA Healthcare, Inc., MEDNAX Services, Inc., TeamHealth, UnitedHealth Group, Quorum Health Corporation, Surgery Partners, Novena Global Healthcare Group, CHSPSC, LLC., Terveystalo-konserni, SurgCenter, Healthway, Prospect Medical Group, Eifelhöhen Klinik AG, and Edward-Elmhurst Health.
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Chapter 2 Methodology and Scope
2.1 Research methodology
2.3 List of data sources
Chapter 3 Introduction
3.1 Research scope & market segmentation
Chapter 4 Ambulatory Surgery Centers (ASCs) Market Trends: Drivers & Opportunities
4.1 Key industry trends
4.1.1 Market driver analysis
126.96.36.199 Increasing visibility of ASC as a cost-effective alternative
188.8.131.52 Advancements in minimally invasive surgeries
184.108.40.206 Gaining popularity of outpatient care
4.1.2 Market restraint analysis.
220.127.116.11 Requirement of high skilled physicians and staffs
18.104.22.168 Regulatory concerns associated with outpatient care
4.2 Porter's five forces analysis
4.3 PESTEL analysis
Chapter 5 Ambulatory Surgery Centers (ASCs) Market Trends, By Application
5.1 Global ASCs market movement, by application, 2017 & 2025
5.2.1 Global ASCs market estimates and forecast for ophthalmology, 2015-2025 (USD Billion)
5.3.1 Global ASCs market estimates and forecast for orthopedics, 2015-2025 (USD Billion)
5.4.1 Global ASCs market estimates and forecast for gastroenterology, 2015-2025 (USD Billion)
5.5 Pain Management/Spinal Injections
5.5.1 Global ASCs market estimates and forecast for pain management / spinal injections, 2015-2025 (USD Billion)
5.6 Plastic Surgery
5.6.1 Global ASCs market estimates and forecast for plastic surgery, 2015-2025 (USD Billion)
5.7.1 Global ASCs market estimates and forecast for other applications, 2015-2025 (USD Billion)
Chapter 6 Ambulatory Surgery Centers (ASCs) Market Trends, By Region
6.1 Global ASCs market movement, by region, 2017 & 2025
6.2 North America
6.2.1 North America ASCs market estimates and forecast, 2015-2025 (USD Billion)
6.2.2 North America ASCs market estimates and forecast, by application, 2015-2025 (USD Billion)
6.3.1 Europe ASCs market estimates and forecast, 2015-2025 (USD Billion)
6.3.2 Europe ASCs market estimates and forecast, by application, 2015-2025 (USD Billion)
6.4 Asia Pacific (Excluding South East Asia)
6.4.1 Asia Pacific ASCs market estimates and forecast, 2015-2025 (USD Billion)
6.4.2 Asia Pacific ASCs market estimates and forecast, by application, 2015-2025 (USD Billion)
6.5 South East Asia
6.5.1 South East Asia ASCs market estimates and forecast, 2015-2025 (USD Billion)
6.5.2 South East Asia ASCs market estimates and forecast, by application, 2015-2025 (USD Billion)
6.6 Rest of the World (RoW)
6.6.1 RoW ASCs market estimates and forecast, 2015-2025 (USD Billion)
6.6.2 RoW ASCs market estimates and forecast, by application, 2015-2025 (USD Billion)
Chapter 7 Key Country Markets
7.1.1 China ASCs market estimates and forecast, 2015-2025 (USD Billion)
7.1.2 China ASCs market estimates and forecast, by application, 2015-2025 (USD Billion)
7.2.1 Japan ASCs market estimates and forecast, 2015-2025 (USD Billion)
7.2.2 Japan ASCs market estimates and forecast, by application, 2015-2025 (USD Billion)
7.3.1 India ASCs market estimates and forecast, 2015-2025 (USD Billion)
7.3.2 India ASCs market estimates and forecast, by application, 2015-2025 (USD Billion)
Chapter 8 Customized segments
8.1 Ambulatory services
8.1.1 Global ambulatory services market revenue, 2015-2025 (USD Billion)
8.2 Ambulatory primary care offices
8.2.1 Global ambulatory primary care offices market revenue, 2015-2025 (USD Billion)
8.3 Ambulatory aids
8.3.1 Global ambulatory aids market revenue, 2015-2025 (USD Million)
Chapter 9 Competitive Landscape
9.1 Marketing strategy analysis
9.2 Marketing Channel
9.2.1 Direct Marketing
9.2.2 Indirect Marketing
9.3 Market Positioning
9.3.1 Pricing Strategy
9.3.2 Brand Strategy
9.3.3 Target Clients
9.4 Company profiles
9.4.1 Envision Healthcare Corporation
22.214.171.124 Company overview
126.96.36.199 Services benchmarking
188.8.131.52 Financial performance
184.108.40.206 Recent Initiatives
9.4.2 Tenet Healthcare Corporation
220.127.116.11 Company overview
18.104.22.168 Services benchmarking
22.214.171.124 Financial performance
126.96.36.199 Recent Initiatives
9.4.3 HCA Healthcare, Inc.
188.8.131.52 Company overview
184.108.40.206 Services benchmarking
220.127.116.11 Financial performance
18.104.22.168 Recent Initiatives
9.4.4 MEDNAX Services, Inc.
22.214.171.124 Company overview
126.96.36.199 Services benchmarking
188.8.131.52 Financial performance
184.108.40.206 Recent Initiatives
220.127.116.11 Company overview
18.104.22.168 Services benchmarking
22.214.171.124 Financial performance
126.96.36.199 Recent Initiatives
9.4.6 UnitedHealth Group
188.8.131.52 Company overview
184.108.40.206 Services benchmarking
220.127.116.11 Financial performance
18.104.22.168 Recent Initiatives
9.4.7 Quorum Health Corporation
22.214.171.124 Company overview
126.96.36.199 Services benchmarking
188.8.131.52 Financial performance
9.4.8 Surgery Partners
184.108.40.206 Company overview
220.127.116.11 Services benchmarking
18.104.22.168 Financial performance
22.214.171.124 Recent Initiatives
9.4.9 Novena Global Healthcare Group
126.96.36.199 Company overview
188.8.131.52 Services benchmarking
9.4.10 CHSPSC, LLC.
184.108.40.206 Company overview
220.127.116.11 Services benchmarking
18.104.22.168 Financial performance
22.214.171.124 Company overview
126.96.36.199 Services benchmarking
188.8.131.52 Financial performance
184.108.40.206 Company overview
220.127.116.11 Services benchmarking
9.4.13 Healthway Medical Group
18.104.22.168 Company overview
22.214.171.124 Services benchmarking
126.96.36.199 Financial performance
188.8.131.52 Recent Initiatives
9.4.14 Prospect Medical Group
184.108.40.206 Company overview
220.127.116.11 Services benchmarking
9.4.15 Eifelhöhen Klinik AG
18.104.22.168 Company overview
22.214.171.124 Services benchmarking
9.4.16 Edward-Elmhurst Health
126.96.36.199 Company overview
188.8.131.52 Services benchmarking
184.108.40.206 Financial performance
220.127.116.11 Recent Initiatives
*Full List of Tables and Figures Available on Enquiry.
- Envision Healthcare CorporationEnvision Healthcare Corporation
- Tenet Healthcare Corporation
- HCA Healthcare, Inc.
- MEDNAX Services, Inc.
- UnitedHealth Group
- Quorum Health Corporation
- Surgery Partners
- Novena Global Healthcare Group
- CHSPSC, LLC.
- Healthway Medical Group
- Prospect Medical Group
- Eifelhöhen Klinik AG
- Edward-Elmhurst Health