U.S. Ambulatory Surgery Centers Market Size, Share & Trends Analysis Report By Application (Orthopedics, Pain Management/Spinal Injections), And Segment Forecasts, 2022 - 2030
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U.S. Ambulatory Surgery Center Market Growth & Trends
The U.S. ambulatory surgery centers market size is expected to reach USD 58.6 billion by 2030, expanding at a CAGR of 5.9%, according to a new report by Grand View Research, Inc. The cost-effectiveness of procedures performed at ASCs along with the rising geriatric population, in turn contributing to demand for surgeries, is expected to fuel the market over the next few years. As per a report by the Ambulatory Surgery Center Association, healthcare costs in the U.S. have been reduced by USD 38 billion due to the availability & use of ambulatory surgery centers. Healthcare expenditure in ambulatory surgery centers is quite lower compared to hospitals. A report by OR manager based on CMS statistics revealed that 57 million surgical procedures were performed in the U.S. in 2020, wherein less than 20% of the procedures were performed in outpatient hospital facilities indicating a shift in demand from hospitals to ambulatory surgery centers.
Ambulatory surgery centers are expected to witness high growth after the COVID-19 pandemic, thus creating further opportunities for ASCs. Healthcare providers & the government are undertaking various initiatives to facilitate the increasing demand for minimally invasive procedures at ASCs. For instance, the latest favorable updates in reimbursement policy by CMS and collaborations by Healthcare Outcomes Performance Company and Ascension Florida and Gulf Coast for the development of ambulatory surgery centers are some of the factors expected to contribute to post-COVID-19 growth of the market.
U.S. Ambulatory Surgery Center Market Report Highlights
U.S. Ambulatory Surgery Center Market Growth & Trends
The U.S. ambulatory surgery centers market size is expected to reach USD 58.6 billion by 2030, expanding at a CAGR of 5.9%, according to a new report by Grand View Research, Inc. The cost-effectiveness of procedures performed at ASCs along with the rising geriatric population, in turn contributing to demand for surgeries, is expected to fuel the market over the next few years. As per a report by the Ambulatory Surgery Center Association, healthcare costs in the U.S. have been reduced by USD 38 billion due to the availability & use of ambulatory surgery centers. Healthcare expenditure in ambulatory surgery centers is quite lower compared to hospitals. A report by OR manager based on CMS statistics revealed that 57 million surgical procedures were performed in the U.S. in 2020, wherein less than 20% of the procedures were performed in outpatient hospital facilities indicating a shift in demand from hospitals to ambulatory surgery centers.
Ambulatory surgery centers are expected to witness high growth after the COVID-19 pandemic, thus creating further opportunities for ASCs. Healthcare providers & the government are undertaking various initiatives to facilitate the increasing demand for minimally invasive procedures at ASCs. For instance, the latest favorable updates in reimbursement policy by CMS and collaborations by Healthcare Outcomes Performance Company and Ascension Florida and Gulf Coast for the development of ambulatory surgery centers are some of the factors expected to contribute to post-COVID-19 growth of the market.
U.S. Ambulatory Surgery Center Market Report Highlights
- The orthopedics segment held the largest market share in terms of revenue during 2021. However, the otolaryngology segment is expected to register the fastest growth over the forecast period due to factors such as increasing demand from pediatric patients for ENT procedures and a high number of otolaryngologists practicing in the country.
- Top healthcare providers in the market are planning to expand in the market through strategies such as partnerships & mergers and acquisitions. For instance, in March 2019, Humana and Towson-a Maryland-based SurgCenter Development-entered into an agreement to add 100+ SurgCenter Development sites to Humana's national provider network, to offer services such as the total knee, hip, and shoulder replacements in an ASC setting.
- Technological advancement, especially in the field of surgery, is one of the major factors in providing quality treatment at the ASCs. For instance, the robotic surgery system for minimally invasive surgery aids surgeons during complex surgical procedures, allowing high control, flexibility, & accuracy, and is expected to have high demand from the ASCs.
CHAPTER 1 REPORT SCOPE
1.1 Market Segmentation
1.2 Estimates and Forecast Timeline
CHAPTER 2 METHODOLOGY
2.1 Research Methodology
2.1.1 Information procurement
2.1.2 Purchased Database
2.1.3 GVR’s Internal Database
2.1.4 Secondary Sources
2.1.5 Primary Research
2.1.6 Details of Primary Research
2.2 Information or Data Analysis
2.2.1 Data Analysis Models
2.3 Market Formulation & Validation
2.3.1 Commodity Flow Analysis
2.4 List of Secondary Sources
2.5 List of Abbreviations
CHAPTER 3 RESEARCH OBJECTIVES
3.1 Objective -
3.2 Objective -
3.3 Objective -
CHAPTER 4 EXECUTIVE SUMMARY
4.1 Market Outlook
4.2 Segment Outlook
4.2.1 Application
4.3 Competitive Insights
CHAPTER 5 U.S. AMBULATORY SURGERY CENTERS MARKET - INDUSTRY OUTLOOK
5.1 Market Lineage Outlook
5.1.1 Parent market outlook
5.1.2 Related/Ancillary Market Outlook
5.2 Penetration & Growth Prospect Mapping
5.3 Impact of COVID-19: Qualitative Analysis
5.4 Regulatory Scenario & Reimbursement Outlook
5.4.1 Regulatory Scenario
5.4.2 Reimbursement Framework
5.5 Market Dynamics
5.5.1 Market driver analysis
5.5.1.1 Lower healthcare expenditure at ambulatory surgery centers compared to hospitals
5.5.1.2 Favorable reimbursement for an ambulatory surgery center
5.5.1.3 Lower risk of infection at ASC compared to hospitals
5.5.2 Market restraint analysis
5.5.2.1 Lower physician to patient ratio in the U.S.
5.5.2.2 Stringent regulations for ambulatory surgery centers in the U.S.
5.5.3 Industry Challenges
5.5.3.1 High physician turnover
5.5.3.2 Hospitals buying ambulatory surgery centers
5.5.4 Industry Opportunities
5.5.4.1 Growing demand for multispecialty ambulatory surgery centers
5.6 Business Environment Analysis Tools
5.6.1 U.S. Ambulatory Surgery Center - Porter’s Five Forces Analysis
5.6.1.1 Competitive rivalry: High
5.6.1.2 Bargaining power of suppliers: Moderate
5.6.1.3 Bargaining power of buyers: Moderate
5.6.1.4 Threat of new entrants: Moderate
5.6.1.5 Threat of substitutes: Moderate
5.6.2 U.S. Ambulatory Surgery Center - PESTLE Analysis
5.6.2.1 Political and legal
5.6.2.2 Economic & social
5.6.2.3 Technology
CHAPTER 6 U.S. AMBULATORY SURGERY CENTERS MARKET: APPLICATION ANALYSIS
6.1 U.S. Ambulatory Surgery Center Application Market Share Analysis, 2021 & 2030
6.2 U.S. Ambulatory Surgery Center Application Market: Segment Dashboard
6.2.1 Orthopedics
6.2.1.1 Orthopedics market, 2017 - 2030 (USD Million)
6.2.2 Pain Management/Spinal Injections
6.2.2.1 Pain management/spinal injections market, 2017 - 2030 (USD Million)
6.2.3 Gastroenterology
6.2.3.1 Gastroenterology market, 2017 - 2030 (USD Million)
6.2.4 Ophthalmology
6.2.4.1 Ophthalmology market, 2017 - 2030 (USD Million)
6.2.5 Plastic surgery
6.2.5.1 Plastic surgery market, 2017 - 2030 (USD Million)
6.2.6 Otolaryngology
6.2.6.1 Otolaryngology market, 2017 - 2030 (USD Million)
6.2.7 Obstetrics/gynecology
6.2.7.1 Obstetrics/gynecology market, 2017 - 2030 (USD Million)
6.2.8 Dental
6.2.8.1 Dental market, 2017 -2030 (USD Million)
6.2.9 Podiatry
6.2.9.1 Podiatry market, 2017 - 2030 (USD Million)
6.2.10 Others
6.2.10.1 Other applications market, 2017 - 2030 (USD Million)
CHAPTER 7 U.S. AMBULATORY SURGERY CENTERS MARKET COMPETITIVE LANDSCAPE
7.1 Recent Developments & Impact Analysis, by Key Market Participants
7.2 Competition Categorization
7.3 Company Market Position Analysis
7.4 Company Profiles
7.4.1 Envision Healthcare Corporation
7.4.1.1 Company overview
7.4.1.2 Financial performance
7.4.1.3 Service benchmarking
7.4.1.4 Strategic initiatives
7.4.1.5 SWOT analysis
7.4.2 Tenet Healthcare Corporation
7.4.2.1 Company overview
7.4.2.2 Financial performance
7.4.2.3 Service benchmarking
7.4.2.4 Strategic initiatives
7.4.2.5 SWOT analysis
7.4.3 MEDNAX Services, Inc.
7.4.3.1 Company overview
7.4.3.2 Financial Performance
7.4.3.3 Service benchmarking
7.4.3.4 Strategic initiatives
7.4.3.5 SWOT analysis
7.4.4 TeamHealth
7.4.4.1 Company overview
7.4.4.2 Service benchmarking
7.4.4.3 Strategic initiatives
7.4.5 UnitedHealth Group
7.4.5.1 Company overview
7.4.5.2 Financial performance
7.4.5.3 Service benchmarking
7.4.5.4 Strategic initiatives
7.4.5.5 SWOT analysis
7.4.6 Quorum Health Corporation
7.4.6.1 Company overview
7.4.6.2 Service benchmarking
7.4.6.3 Strategic initiatives
7.4.7 Surgery Partners
7.4.7.1 Company overview
7.4.7.2 Financial performance
7.4.7.3 Service benchmarking
7.4.7.4 Strategic initiatives
7.4.7.5 SWOT analysis
7.4.8 Community Health Systems, Inc.
7.4.8.1 Company overview
7.4.8.2 Financial performance
7.4.8.3 Service benchmarking
7.4.8.4 Strategic initiatives
7.4.8.5 SWOT analysis
7.4.9 SurgCenter Development
7.4.9.1 Company overview
7.4.9.2 Service benchmarking
7.4.9.3 Strategic initiatives
7.4.10 Prospect Medical Group
7.4.10.1 Company overview
7.4.10.2 Service benchmarking
7.4.10.3 Strategic initiatives
7.4.11 Edward-Elmhurst Health
7.4.11.1 Company overview
7.4.11.2 Service benchmarking
7.4.11.3 Strategic initiatives
1.1 Market Segmentation
1.2 Estimates and Forecast Timeline
CHAPTER 2 METHODOLOGY
2.1 Research Methodology
2.1.1 Information procurement
2.1.2 Purchased Database
2.1.3 GVR’s Internal Database
2.1.4 Secondary Sources
2.1.5 Primary Research
2.1.6 Details of Primary Research
2.2 Information or Data Analysis
2.2.1 Data Analysis Models
2.3 Market Formulation & Validation
2.3.1 Commodity Flow Analysis
2.4 List of Secondary Sources
2.5 List of Abbreviations
CHAPTER 3 RESEARCH OBJECTIVES
3.1 Objective -
3.2 Objective -
3.3 Objective -
CHAPTER 4 EXECUTIVE SUMMARY
4.1 Market Outlook
4.2 Segment Outlook
4.2.1 Application
4.3 Competitive Insights
CHAPTER 5 U.S. AMBULATORY SURGERY CENTERS MARKET - INDUSTRY OUTLOOK
5.1 Market Lineage Outlook
5.1.1 Parent market outlook
5.1.2 Related/Ancillary Market Outlook
5.2 Penetration & Growth Prospect Mapping
5.3 Impact of COVID-19: Qualitative Analysis
5.4 Regulatory Scenario & Reimbursement Outlook
5.4.1 Regulatory Scenario
5.4.2 Reimbursement Framework
5.5 Market Dynamics
5.5.1 Market driver analysis
5.5.1.1 Lower healthcare expenditure at ambulatory surgery centers compared to hospitals
5.5.1.2 Favorable reimbursement for an ambulatory surgery center
5.5.1.3 Lower risk of infection at ASC compared to hospitals
5.5.2 Market restraint analysis
5.5.2.1 Lower physician to patient ratio in the U.S.
5.5.2.2 Stringent regulations for ambulatory surgery centers in the U.S.
5.5.3 Industry Challenges
5.5.3.1 High physician turnover
5.5.3.2 Hospitals buying ambulatory surgery centers
5.5.4 Industry Opportunities
5.5.4.1 Growing demand for multispecialty ambulatory surgery centers
5.6 Business Environment Analysis Tools
5.6.1 U.S. Ambulatory Surgery Center - Porter’s Five Forces Analysis
5.6.1.1 Competitive rivalry: High
5.6.1.2 Bargaining power of suppliers: Moderate
5.6.1.3 Bargaining power of buyers: Moderate
5.6.1.4 Threat of new entrants: Moderate
5.6.1.5 Threat of substitutes: Moderate
5.6.2 U.S. Ambulatory Surgery Center - PESTLE Analysis
5.6.2.1 Political and legal
5.6.2.2 Economic & social
5.6.2.3 Technology
CHAPTER 6 U.S. AMBULATORY SURGERY CENTERS MARKET: APPLICATION ANALYSIS
6.1 U.S. Ambulatory Surgery Center Application Market Share Analysis, 2021 & 2030
6.2 U.S. Ambulatory Surgery Center Application Market: Segment Dashboard
6.2.1 Orthopedics
6.2.1.1 Orthopedics market, 2017 - 2030 (USD Million)
6.2.2 Pain Management/Spinal Injections
6.2.2.1 Pain management/spinal injections market, 2017 - 2030 (USD Million)
6.2.3 Gastroenterology
6.2.3.1 Gastroenterology market, 2017 - 2030 (USD Million)
6.2.4 Ophthalmology
6.2.4.1 Ophthalmology market, 2017 - 2030 (USD Million)
6.2.5 Plastic surgery
6.2.5.1 Plastic surgery market, 2017 - 2030 (USD Million)
6.2.6 Otolaryngology
6.2.6.1 Otolaryngology market, 2017 - 2030 (USD Million)
6.2.7 Obstetrics/gynecology
6.2.7.1 Obstetrics/gynecology market, 2017 - 2030 (USD Million)
6.2.8 Dental
6.2.8.1 Dental market, 2017 -2030 (USD Million)
6.2.9 Podiatry
6.2.9.1 Podiatry market, 2017 - 2030 (USD Million)
6.2.10 Others
6.2.10.1 Other applications market, 2017 - 2030 (USD Million)
CHAPTER 7 U.S. AMBULATORY SURGERY CENTERS MARKET COMPETITIVE LANDSCAPE
7.1 Recent Developments & Impact Analysis, by Key Market Participants
7.2 Competition Categorization
7.3 Company Market Position Analysis
7.4 Company Profiles
7.4.1 Envision Healthcare Corporation
7.4.1.1 Company overview
7.4.1.2 Financial performance
7.4.1.3 Service benchmarking
7.4.1.4 Strategic initiatives
7.4.1.5 SWOT analysis
7.4.2 Tenet Healthcare Corporation
7.4.2.1 Company overview
7.4.2.2 Financial performance
7.4.2.3 Service benchmarking
7.4.2.4 Strategic initiatives
7.4.2.5 SWOT analysis
7.4.3 MEDNAX Services, Inc.
7.4.3.1 Company overview
7.4.3.2 Financial Performance
7.4.3.3 Service benchmarking
7.4.3.4 Strategic initiatives
7.4.3.5 SWOT analysis
7.4.4 TeamHealth
7.4.4.1 Company overview
7.4.4.2 Service benchmarking
7.4.4.3 Strategic initiatives
7.4.5 UnitedHealth Group
7.4.5.1 Company overview
7.4.5.2 Financial performance
7.4.5.3 Service benchmarking
7.4.5.4 Strategic initiatives
7.4.5.5 SWOT analysis
7.4.6 Quorum Health Corporation
7.4.6.1 Company overview
7.4.6.2 Service benchmarking
7.4.6.3 Strategic initiatives
7.4.7 Surgery Partners
7.4.7.1 Company overview
7.4.7.2 Financial performance
7.4.7.3 Service benchmarking
7.4.7.4 Strategic initiatives
7.4.7.5 SWOT analysis
7.4.8 Community Health Systems, Inc.
7.4.8.1 Company overview
7.4.8.2 Financial performance
7.4.8.3 Service benchmarking
7.4.8.4 Strategic initiatives
7.4.8.5 SWOT analysis
7.4.9 SurgCenter Development
7.4.9.1 Company overview
7.4.9.2 Service benchmarking
7.4.9.3 Strategic initiatives
7.4.10 Prospect Medical Group
7.4.10.1 Company overview
7.4.10.2 Service benchmarking
7.4.10.3 Strategic initiatives
7.4.11 Edward-Elmhurst Health
7.4.11.1 Company overview
7.4.11.2 Service benchmarking
7.4.11.3 Strategic initiatives
LIST OF TABLES
TABLE 1 List of secondary sources
TABLE 2 List of abbreviation
TABLE 3 ASC regulations by state
TABLE 4 List of bariatric procedures in ASC
TABLE 5 U.S. Ambulatory Surgey Centers (ASCs) Market, By Application, 2017 - 2030 (USD Million)
TABLE 1 List of secondary sources
TABLE 2 List of abbreviation
TABLE 3 ASC regulations by state
TABLE 4 List of bariatric procedures in ASC
TABLE 5 U.S. Ambulatory Surgey Centers (ASCs) Market, By Application, 2017 - 2030 (USD Million)
LIST OF FIGURES
FIG. 1 U.S. ambulatory surgery centers market segmentation
FIG. 2 Market research process
FIG. 3 Information procurement
FIG. 4 Primary research pattern
FIG. 5 Market research approaches
FIG. 6 Value-chain-based sizing & forecasting
FIG. 7 QFD modeling for market share assessment
FIG. 8 Market formulation & validation
FIG. 9 Market outlook, 2021 (USD Million)
FIG. 10 Penetration & growth prospect mapping
FIG. 11 U.S. ambulatory surgery centers market trends & outlook
FIG. 12 Market driver relevance analysis (Current & future impact)
FIG. 13 Market restraint relevance analysis (Current & future impact)
FIG. 14 U.S. ambulatory surgery center application market share analysis, (USD Million)
FIG. 15 U.S ambulatory surgery center application market: Segment dashboard
FIG. 16 Orthopedics market, 2017 - 2030 (USD Million)
FIG. 17 Pain management/spinal injections market, 2017 - 2030 (USD Million)
FIG. 18 Gastroenterology market, 2017 - 2030 (USD Million)
FIG. 19 Ophthalmology market, 2017 - 2030 (USD Million)
FIG. 20 Plastic surgery market, 2017 - 2030 (USD Million)
FIG. 21 Otolaryngology market, 2017 - 2030 (USD Million)
FIG. 22 Obstetrics/gynecology market, 2017 - 2030 (USD Million)
FIG. 23 Dental market, 2017 - 2030 (USD Million)
FIG. 24 Podiatry market, 2017 - 2030 (USD Million)
FIG. 25 Other applications market, 2017 - 2030 (USD Million)
FIG. 26 Impact analysis by key market participants
FIG. 27 Competition categorization
FIG. 28 Company market position analysis
FIG. 1 U.S. ambulatory surgery centers market segmentation
FIG. 2 Market research process
FIG. 3 Information procurement
FIG. 4 Primary research pattern
FIG. 5 Market research approaches
FIG. 6 Value-chain-based sizing & forecasting
FIG. 7 QFD modeling for market share assessment
FIG. 8 Market formulation & validation
FIG. 9 Market outlook, 2021 (USD Million)
FIG. 10 Penetration & growth prospect mapping
FIG. 11 U.S. ambulatory surgery centers market trends & outlook
FIG. 12 Market driver relevance analysis (Current & future impact)
FIG. 13 Market restraint relevance analysis (Current & future impact)
FIG. 14 U.S. ambulatory surgery center application market share analysis, (USD Million)
FIG. 15 U.S ambulatory surgery center application market: Segment dashboard
FIG. 16 Orthopedics market, 2017 - 2030 (USD Million)
FIG. 17 Pain management/spinal injections market, 2017 - 2030 (USD Million)
FIG. 18 Gastroenterology market, 2017 - 2030 (USD Million)
FIG. 19 Ophthalmology market, 2017 - 2030 (USD Million)
FIG. 20 Plastic surgery market, 2017 - 2030 (USD Million)
FIG. 21 Otolaryngology market, 2017 - 2030 (USD Million)
FIG. 22 Obstetrics/gynecology market, 2017 - 2030 (USD Million)
FIG. 23 Dental market, 2017 - 2030 (USD Million)
FIG. 24 Podiatry market, 2017 - 2030 (USD Million)
FIG. 25 Other applications market, 2017 - 2030 (USD Million)
FIG. 26 Impact analysis by key market participants
FIG. 27 Competition categorization
FIG. 28 Company market position analysis
