Ambulatory surgery centers (ASCs) are modern medical facilities focused on providing same-day surgical care, including diagnostic and preventive procedures. ASCs provide various outpatient procedures for specialties like orthopedics, ophthalmology, gastroenterology, pain management and many more. Ophthalmic surgeries such as cataract removal and laser-assisted in situ keratomileusis are among the most common procedures performed at ASCs. The increasing prevalence of eye disorders owing to factors like rising geriatric population, growing lifestyle diseases and expanding diabetic population is driving the demand for ophthalmic surgeries.

The global U.S. Ambulatory Surgery Center Market is estimated to be valued at US$ 65.58 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
Rising cases of ophthalmic surgeries is one of the major drivers of the U.S. ASC market. Age-related eye diseases like cataracts and refractive errors are increasing in the American population. It is estimated that by 2050, around 8.96 million Americans will suffer from cataracts which will significantly drive the cataract surgery volumes. The preference for outpatient surgeries is also propelling the ASC market growth. Patients prefer ASCs over hospital outpatient departments due to lower costs, easier accessibility, flexible scheduling of surgeries and reduced wait times. Moreover, ASCs allow payors to reimburse at significantly lower rates by providing high quality services and convenience to patients which is fueling their demand.

SWOT Analysis

Strength: The U.S. Ambulatory surgery center market has an increasing demand for outpatient surgical procedures. This helps patients to recover faster and requires lower costs compared to inpatient hospital stays. Many centers are also well-equipped with advanced medical technologies to perform complex surgeries.

Weakness: Some ambulatory surgery centers face limitations due to strict state regulations related to their construction and operation. They also need to meet the quality standards and patient safety guidelines mandated by regulatory bodies. High costs associated with investing in advanced medical technologies can be challenging for small centers.

Opportunity: The growing geriatric population susceptible to various health conditions provides scope for more surgeries. There is potential to attract patients preferring minimally invasive treatments through superior services. Adopting innovative technologies such as robotics helps expand the case capacity and types of procedures performed at centers.

Threats: Changing reimbursement policies regarding coverage of outpatient surgeries can impact revenue streams. Growing preference for home healthcare over institutional settings poses threat to center visits. Established companies in the hospital industry may adopt aggressive strategies to gain patients.

Key Takeaways

The global U.S. Ambulatory surgery center market is expected to witness high growth. Factors such as the increasing incidence of chronic diseases, rising medical tourism, and growing geriatric population are expected to boost market revenues. The adoption of advanced technology and digital healthcare services have further pushed the demand for outpatient surgeries at ambulatory centers. The global U.S. Ambulatory Surgery Center Market is estimated to be valued at US$ 65.58 Bn in 2023 and is expected to exhibit a CAGR of 5.2% over the forecast period 2023 to 2030.

Regional analysis: The South region dominates the U.S. Ambulatory surgery center market owing to a large patient pool and high demand for quality healthcare facilities. States like Texas and Florida have emerged as major markets due to their focus on developing ambulatory infrastructure and centers offering multi-specialty services. The Western region also captures a substantial revenue share and is growing at a faster rate with California and Washington being leading markets.

Key players: Key players operating in the U.S. Ambulatory surgery center market include AmSurg Corp., Getinge Group, Tenet Healthcare, Regent surgery Health L.L.C, Covenant surgery Partners Inc, and Surgery Partners. AmSurg Corp. maintains its leading position with a network of over 230 centers. Getinge Group has established its brand through medical technologies for infection control and flexible endoscopy.