(COVID-19 Updates) Ambulatory Surgery Centers Market – Development Status, Future Demands, Market Potential, Growing At A CAGR of 5.6% | Coherent Market Insights
SEATTLE, May 05, 2021, (PHARMIWEB) —
Ambulatory surgery centers (ASCs) are outpatient operating rooms that are not affiliated with a hospital. These facilities are cost-effective, provide high-quality care, and provide a good patient outcome.
The Multispecialty Centers segment of the global ambulatory surgical center market was worth US$ 53,890.7 million in 2019 and is projected to grow at a CAGR of 4.4 percent to US$ 75,977.2 million by 2027.
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Expanding volume of ASC is expected to help in development of the market. For example, according to Center for Medicare and Medicaid Services (CMS), the quantity of outpatient surgeries (as far as volume) in hospitals from 2016 to 2021 is relied upon to ascend from 8% to 16%, yearly.
Expanding investment in ASCs is normal offer worthwhile development openings for major players of the market. For example, in January 2020, The Firmament Group declared an investment in an ambulatory surgery center and three ophthalmology practises place in St. Louis, Missouri.
Hiring surgeons that are more acquainted with the hospital setting is difficult and such specialists set aside some effort to progress into the ASC climate. This thusly may prompt low number of joint substitution specialists in ASCs, subsequently blocking development of the market.
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The market is seeing expanding launch of ASCs. For example, in June 2019, IU Health declared to begin a US$ 20 million ambulatory surgery center with five working rooms and five method spaces for in excess of 10 different specialties in Fort Wayne, Indiana.
Central members in the market are centered on embracing M&A procedures to improve their market share. For example, in January 2020, MedProperties Realty Advisors LLC, Capital Security Advisors, and Physicians Realty Trust gained the Eden Hill Medical Center in Delaware.
In December 2019, Montecito Medical Real Estate has completed the purchase of a premier medical office building in Goochland, Virginia, as well as a state-of-the-art ambulatory surgery facility. The Accreditation Association for Ambulatory Health Care, Inc. (AAAHC) has accredited the ASC, and the Virginia Department of Public Health has granted it a license.
In December 2019, St. Joseph Mercy Health System of Trinity Health teamed up with Schoolcraft College in Livonia to create a “mini-hospital” ambulatory health center.
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By Product Type:
- Single Specialty
- Physician & Hospital
- Hospital & Corporate
- Corporate & Physician
By Procedure Type:
- Pain Management
- Plastic Surgery
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