The U.S. ambulatory surgical centers market is anticipated to observe commendable growth due to rising number of aesthetic surgeries, increasing prevalence of chronic diseases, and escalating demand for single specialty centers.
Ambulatory surgery centers or ASCs are modern healthcare facilities that mostly focus on providing same-day surgical care, which includes preventive as well as diagnostic procedures. These surgical centers have effectively transformed the outpatient experience for a number of Americans by offering services that are much more convenient and affordable substitute to hospital-based outpatient procedures.
All this is done with a robust track record of quality care as well as showing positive patient results. In comparison to hospitals, ambulatory surgical centers are often much more affordable. In fact, they give the pricing information to their patients in advance, well prior to their surgery, making it much more convenient for them.
Advancements in technology have led to much greater improvements in ambulatory surgical centers, especially when it comes to effective patient care, accurate billing, as well as collection.
The U.S. ambulatory surgical centers market is bifurcated in terms of ownership, surgery type, specialty type, and service.
With respect to ownership, the U.S. market for ambulatory surgical centers is categorized into hospital & corporation, physician & corporation, physician & hospital, corporation only, hospital only, and physician only.
The Physician & corporation segment is expected to witness a strong 10% CAGR through the analysis time period. This ownership model allows physicians to have an influence on decision making and also obtain expertise from the management company for various administrative tasks.
In terms of surgery type, the U.S. ambulatory surgical centers market is segmented into podiatry, plastic surgery, neurology, cardiovascular, orthopedic, ophthalmology, obstetrics/gynecology, endoscopy, otolaryngology, dental, and others.
In 2020, the plastic surgery segment accounted for a market value of more than $1.3 billion and is anticipated to register similar growth patterns in the times to come. The segmental growth is accredited to the rising number of aesthetic surgeries across the region.
Based on specialty type, the market is classified into single-specialty and multi-specialty. Among these, in 2020, the single specialty segment held a market value of around $9 billion and is estimated to progress at rapid pace over the projected time period.
With respect to service, the U.S. ambulatory surgical centers market is divided into treatment and diagnosis. Among these, the treatment segment is projected to witness a 11% CAGR over the forecast time period. This segment will witness immense growth as ambulatory surgical centers are primarily focused on providing same-day surgical care and surgical procedures.