U.S. Ambulatory Surgery Centers Market Report 2020 to register a CAGR of 5.6% to reach US$ 84,142.8 Million by 2027 | Coherent Market Insights
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U.S. Ambulatory Surgery Centers Market, by Specialty (Single Specialty and Multi-specialty), by Ownership (Physician-only, Hospital-only, Corporate-only, Physician & Hospital, Physician & Corporate, and Hospital & Corporate), and by Procedure Type (Orthopedic, Cardiovascular, Pain Management, Ophthalmology, Podiatry, Neurology, Dental, Plastic Surgery, ENT, and Others) 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), as highlighted in a new report published by Coherent Market Insights.
Growth of the U.S. ambulatory surgery centers market during the forecast period is expected to be driven by the rising preference for outpatient surgeries, an increasing number of ambulatory clinics, the investments in establishment of ASCs, and mergers and acquisitions among corporate companies.
Outpatient surgeries in ambulatory centers are increasingly preferred by patients in the U.S. For example, according to the Agency for Healthcare Research and Quality (AHRQ), in 2014, 17.2 million hospital visits (inpatient and outpatient) included surgical procedures in the U.S., of which around 57.8% occurred in a hospital-owned outpatient surgery setting. Furthermore, in January 2020, Firmament Group announced an investment in three ophthalmology specialty centers and an ambulatory surgery center in St. Louis, Missouri.
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Investments in ASCs are expected to provide significant growth opportunities to key players operating in the market. For example, in February 2018, Catalyst HRE, a healthcare real estate firm announced the acquisition of a six-story medical office building located in Northern Dallas, Texas for an exchange of US$ 20 million. Moreover, Catalyst HRE purchased assets and properties to enhance its service portfolio to provide healthcare and medical spaces for the establishment of ambulatory surgery centers.
Furthermore, the growth of the U.S. ambulatory surgery centers market is expected to be driven by the increasing number of single-specialty surgery centers in the U.S. For example, according to the report of Medicare Payment Policy, in the U.S., there were 2,890 single-specialty ambulatory surgery centers in 2017.
Browse 10 Market Data Tables and 23 Figures spread through 99 Pages and in-depth TOC on U.S. Ambulatory Surgery Centers Market, by Specialty (Single Specialty and Multi-specialty), by Ownership (Physician-only, Hospital-only, Corporate-only, Physician & Hospital, Physician & Corporate, and Hospital & Corporate), and by Procedure Type (Orthopedic, Cardiovascular, Pain Management, Ophthalmology, Podiatry, Neurology, Dental, Plastic Surgery, ENT, and Others) – Forecast to 2027″
To know the latest trends and insights related to U.S. Ambulatory Surgery Centers market press release, click the link below: https://www.coherentmarketinsights.com/press-release/us-ambulatory-surgery-centers-market-2853
Key players are focused on adopting strategies such as partnerships and acquisitions to expand their presence in the market. For example, KKR & Co. Inc., a private equity firm acquired Envision for US$ 9.9 billion in October 2018. This acquisition granted KKR & Co. Inc. 261 surgery centers. Furthermore, KKR & Co. Inc. acquired Covenant Surgical Partners in August 2017, which had 36 surgery centers. Therefore, in total KKR & Co. Inc. have around 300 ambulatory surgery centers.
Moreover, in 2017, Surgery Partner, a healthcare service company acquired NSH Holdco, Inc., an owner and operator of surgical facilities in partnership with local physicians. This acquisition has added NSH’s surgical facilities to Surgery Partner’s portfolio.
Key Takeaways of the U.S. Ambulatory Surgery Centers Market:
- The U.S. ambulatory surgery centers market is expected to witness a CAGR of 5.6% during the forecast period (2019 – 2027) due to the advantages offered by ambulatory surgical centers.
- In 2027, the physician-only segment is expected to hold major revenue share due to the increasing number of physician-owned ambulatory surgery centers in the U.S. For example, according to data published by the Ambulatory Surgery Center Association’s 2017 salary and benefits survey, around 64% of the ambulatory surgery centers in the U.S. are owned by physicians.
- Major players operating in the U.S. ambulatory surgery centers market are Tenet Healthcare Corporation, AmSurg Corporation, Surgery Partners, Covenant Surgical Partners Inc., Regent Surgical Health L.L.C., and Getinge Group.
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