August 12, 2020
According to the research report titled ‘U.S. Ambulatory Surgical Centers Market Size By Ownership, By Surgery Type By Specialty Type, By Service, Industry Analysis Report, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, U.S. ambulatory surgical centers market is expected to grow momentously during 2020-2026.
Growing geriatric population and rising cases of chronic health conditions are driving the growth of U.S. ambulatory surgical centers market. Ambulatory surgical centers are cost effective and provide faster surgery services in comparison with hospitals and other medical establishments.
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With respect to ownership, the U.S. ambulatory surgical centers market is segmented into corporation only, physician only, hospital only, physician & corporation, physician & hospital, and hospital & corporation. The physician & corporation ownership segment is expected to register a 4.4% CAGR through 2026. In this setting, the corporation manages all financial matters, which allows the physician to focus only on surgical procedures in the facility.
Based on surgery type, the U.S. ambulatory surgical centers (ASC) industry is classified into endoscopy, obstetrics/gynecology, cardiovascular, dental, plastic surgery, neurology, orthopedic, podiatry, and otolaryngology. Among these, plastic surgery segment is projected to amass USD 3 billion by the year 2026, due to increasing number of aesthetic surgical procedures in the U.S.
Meanwhile, cardiovascular segment is also projected to generate revenues for U.S. ASC market over the ensuing years. Growing prevalence of heart-related ailments across the United States due to unhealthy eating habits and sedentary lifestyle is driving the segmental growth.
With regards to the specialty type, the market is bifurcated into single-specialty and multispecialty. As per the report, market share from single-specialty segment is predicted to accrue USD 21 billion by the year 2026, owing to availability of highly skilled surgeons and staff in these centers who have vast experience in providing disease-specific treatment. Single-specialty ASCs are efficient and less cost & resource intensive as compared to multi-specialty centers.
With reference to the service provided, the market is segmented into diagnosis and treatment, wherein the later segment is poised to grow with a CAGR of 5% during the forecast period. Ambulatory surgical centers provide cost-efficient treatment option for consumers as compared to hospitals.
Key players in U.S. ambulatory surgical centers market include Tenet Healthcare, Constitution Surgery Alliance, Surgical Management Professionals, ASD Management, Surgical Care Affiliates, SurgCenter Development Inc., Proliance Surgeons Inc., Physicians Endoscopy LLC, Nuehealth Enterprises LLC, Regent Surgical Health LLC, Nobilis, Medical Facilities Corporation LLC, Foundation Healthcare, HCA Healthcare, Covenant Surgical Partners (KKR), Surgery Partners, AMSURG (Envision Healthcare Solution), and Ambulatory Surgical Centers of America.