U.S. Ambulatory Surgery Centers Market to Surpass US$ 84,142.8 Million by 2027 - Coherent Market Insights

SEATTLE, March 5, 2020 /PRNewswire/ -- According to Coherent Market Insights, the U.S. ambulatory surgery centers market is estimated to be valued at US$ 54,246.6 million in 2019, and is expected to exhibit a CAGR of 5.6% during the forecast period (2019-2027).

Key Trends and Analysis of the U.S. Ambulatory Surgery Centers Market:

U.S. ambulatory surgery centers market is expected to witness significant growth, owing to benefits offered by the ambulatory surgical centers. For instance, advantages offered by ambulatory surgical centers include higher quality services compared to hospitals surgeries, better safety in surgeries, and cost effective surgical procedures such as urology, dermatology, ophthalmology, neurology, and others. Surgeries performed in ambulatory surgical centers are shorter in duration, offers faster post-surgical recovery, have low wait times for the patients, and hospital acquired infection rate is low as patent stay duration is less.

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Key players in the market are focused on strategic collaborations and partnerships to increase their market presence. For instance, on January 22, 2020, Regent Surgical Health, entered into a partnership with physician partners from the Center for Specialized Surgery and Lee Health. The Center for Specialized Surgery is a state-of-the-art ambulatory surgery center dedicated to orthopedics, with specialties including foot & ankle, sports medicine, total joint replacement, spine surgery, pain management, and hand, wrist, & elbow surgery.

Furthermore, increasing number of surgeries in the ambulatory surgery centers is expected to drive the ambulatory surgical centers market growth over the forecast period. For instance, according to the Becker's Ambulatory Surgical Centre Review, in 2011, 5.3 million orthopedic surgeries were performed in 2011 and this is estimated to rise to 6.6 million by 2020, in the U.S.

Key Market Takeaways:

• U.S. ambulatory surgery centers market is expected to exhibit CAGR of 5.6% during the forecast period (2019-2027), owing to increasing preference for preforming cataract and vitreoretinal surgeries in ambulatory surgery centers. For instance, according to the Healthcare Cost and Utilization Project (HCUP) report published in 2014, 99.5% of all type of eye surgeries are performed in ambulatory surgery centers in the U.S.
• Moreover, increasing reimbursement policies is also expected to contribute to the U.S. ambulatory surgery centers market growth. For instance, the Centers for Medicare & Medicaid Services' (CMS) final 2019 payment rule, revised the definition of 'surgery,' which resulted in the addition of 12 cardiac catheterization procedures for the Medicare ASCs payable list, specifically for vascular, electrophysiology, and diagnostic cardiac catheterization procedures.

Key players operating in the U.S. Ambulatory Surgery Centers market include—

Tenet Healthcare Corporation, AmSurg Corporation, Surgery Partners, Covenant Surgical Partners Inc., Regent Surgical Health L.L.C., and Getinge Group.

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Market Segmentation:

• U.S. Ambulatory Surgery Centers Market, By Product Type:
• Single Specialty
• Multi-Specialty
• U.S. Ambulatory Surgery Centers Market, By Ownership:
• Physician-only
• Hospital-only
• Corporate-only
• Physician & Hospital
• Hospital & Corporate
• Corporate & Physician
• U.S. Ambulatory Surgery Centers Market, By Procedure Type:
• Orthopedic
• Cardiovascular
• Pain Management
• Ophthalmology
• Podiatry
• Neurology
• Dental
• Plastic Surgery
• ENT
• Others

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SOURCE Coherent Market Insights