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% over the forecast period (2019-2027), as highlighted in a new report published by Coherent Market Insights.
Increasing preference for outpatient surgeries, rising investments for establishment of ASCs, increasing number of ambulatory clinics, and mergers and acquisitions by corporate companies are the major factors that are expected to drive growth of the U.S. ambulatory surgery centers market over the forecast period.
Outpatient surgeries in ambulatory centers are increasingly preferred by patients in the U.S. For instance, 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 ~57.8% occurred in a hospital-owned outpatient surgery setting. Moreover, in January 2020, Firmament Group announced an investment in three ophthalmology specialty and an ambulatory surgery center in St. Louis, Missouri.
Increasing investments in ASCs is expected to offer lucrative growth opportunities for players in the market. For instance, in February 2018, Catalyst HRE, a healthcare real estate firm, announced acquisition of a six-story medical office building in an exchange of US$ 20 million located in Northern Dallas, Texas. The Catalyst HRE is a fast-growing real estate and development company purchased assets and properties to increase their service portfolio of providing healthcare and medical spaces for establishment of ambulatory surgery centers.
Moreover, rising number of single specialty surgery centers in the U.S is expected to drive growth of the market over the forecast period. For instance, according to the report of Medicare Payment Policy, there were 2,890 single specialty ambulatory surgery centers in the U.S. 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, click the link below:
Major players are adopting strategies such as mergers and acquisitions to expand their market presence. For instance, in October 2018, private equity firm, KKR & Co. Inc., completed US$ 9.9 billion acquisition of Envision. This acquisition granted KKR & Co. Inc. 261 surgery centers. Moreover, in August 2017, KKR & Co. Inc. acquired Covenant Surgical Partners, which had 36 surgery centers. Therefore, in total KKR & Co. Inc. have around 300 ambulatory surgery centers.
Furthermore, 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: