Ambulatory Surgery Center Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Ambulatory Surgery Center Market Analysis

The Ambulatory Surgery Center Market size is estimated at USD 79.43 billion in 2024, and is expected to reach USD 104.31 billion by 2029, growing at a CAGR of 5.60% during the forecast period (2024-2029).

The ambulatory surgery center market was significantly impacted during the COVID-19 outbreak due to the rising demand for critical care for COVID-19-positive patients and an increase in its diagnosis. As per the article published by the MDH in May 2022, ambulatory surgical centers and other facilities, performing surgeries and procedures were encouraged to consider guidance to mitigate the spread of COVID-19 and to preserve resources such as staffing, bed space, personal protective equipment, and ventilators, needed to care for patients with COVID-19. Thus, ambulatory surgery centers played an important role in the COVID-19 times, thereby impacting the growth of the market during the pandemic period. However, the decrease in COVID cases across the world and the resumption of various ambulatory surgical centers services during the post-pandemic period is expected to contribute to the growth of the market over the coming years.

The factors propelling the studied market growth are the growing burden of chronic diseases, increasing demand for surgeries, and increasing shift towards ambulatory surgery centers. In addition, new product launches and strategic initiatives taken by the key market players will further drive market growth. The high prevalence rate of neurogenerative disorders like Parkinson's disease, Alzheimer's disease, and Dementia, among others, are also expected to boost the market growth over time. As per the WHO data published in September 2022, worldwide around 55 million people have dementia in 2021, with over 60% living in low-middle-income countries. The report also mentioned that the number of dementia cases is expected to rise to 78 million by 2030 and 139 million by 2050. Thus, the increasing burden of such chronic diseases is expected to contribute to the demand for ambulatory surgery centers, thereby contributing to the growth of the market.

Additionally, strategic initiatives such as product launches, mergers, and acquisitions, partnerships, and others will also lead to lucrative growth of the market. For instance, in January 2021, HST Pathways launched a premier membership program for ambulatory surgery centers (ASCs), 'HST One.' This membership program will enable its end user to select bundled popular products as part of their membership, with the flexibility to add on additional services as needed. Such initiation of delivering customized services at ambulatory surgical centers will attract a greater number of patients and will lead to significant growth in the market.

Furthermore, in November 2021, Effingham Ambulatory Surgery Center, an affiliate of United Surgical Partners International (USPI) and Sarah Bush Lincoln Health System (SBLHS), entered into a joint venture agreement and launched a new total joint program. This program will provide one-on-one support for the patient from the time they are scheduled for surgery through postoperative recovery. Such initiatives by market players will help in improving the quality of care delivered, thereby fueling the market growth.

Moreover, the increasing launches of advanced ambulatory surgery center services are also expected to contribute to the growth of the market. For instance, in April 2021, Orange County Surgical Center was launched by Dr. Hewett in California, United States. Orange County Surgical Center is one of the Medicare-certified, super-hybrid ambulatory surgical centers. Thus, the rising prevalence of chronic diseases, increasing market strategies by various market players along with the launch of advanced ambulatory surgical centers are expected to contribute to the growth of the market. However, huge investments and time required for product development are expected to hinder the market growth during the forecast period.

Ambulatory Surgery Center Market Trends

Orthopedics Segment is Expected to Account for the Largest Market Share During the Forecast Period

Ambulatory Surgery Center Industry Segmentation

As per the scope of the report, ambulatory surgery centers are modern health care facilities focused on providing same-day surgical care, including diagnostic and preventive procedures. The Ambulatory Surgery Center Market is Segmented by Center Type (Single Specialty Centers, and Multispecialty Centers), Modality, (Hospital Based Ambulatory Surgical Center, and Freestanding Ambulatory Surgical Center), Application (Gastroenterology, Ophthalmology, Orthopedics, Pain/Neurology, and Others) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD million) for the above segments.