U.S.Ambulatory Surgery Centers Market, by Specialty (Single Specialty andMulti-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 toexhibit a CAGR of 5.6% over the forecast period (2019-2027), as highlighted ina new report published by Coherent Market Insights.
Increasing preference foroutpatient surgeries, rising investments for establishment of ASCs, increasingnumber of ambulatory clinics, and mergers and acquisitions by corporatecompanies are the major factors that are expected to drive growth of the U.S.ambulatory surgery centers market over the forecast period.
Outpatient surgeries inambulatory centers are increasingly preferred by patients in the U.S. Forinstance, according to the Agency for Healthcare Research and Quality (AHRQ),in 2014, 17.2 million hospital visits (inpatient and outpatient) includedsurgical procedures in the U.S., of which ~57.8% occurred in a hospital-ownedoutpatient surgery setting. Moreover, in January 2020, Firmament Groupannounced an investment in three ophthalmology specialty and an ambulatorysurgery center in St. Louis, Missouri.
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Increasing investments in ASCs isexpected to offer lucrative growth opportunities for players in the market. Forinstance, in February 2018, Catalyst HRE, a healthcare real estate firm,announced acquisition of a six-story medical office building in an exchange ofUS$ 20 million located in Northern Dallas, Texas. The Catalyst HRE is afast-growing real estate and development company purchased assets andproperties to increase their service portfolio of providing healthcare and medicalspaces for establishment of ambulatory surgery centers.
Moreover, rising number of singlespecialty surgery centers in the U.S is expected to drive growth of the marketover the forecast period. For instance, according to the report of Medicare PaymentPolicy, there were 2,890 single specialty ambulatory surgery centers in theU.S. in 2017.
Browse 10 Market Data Tables and23 Figures spread through 99 Pages and in-depth TOC on U.S. Ambulatory SurgeryCenters Market, by Specialty (Single Specialty and Multi-specialty), byOwnership (Physician-only, Hospital-only, Corporate-only, Physician &Hospital, Physician & Corporate, and Hospital & Corporate), and byProcedure Type (Orthopedic, Cardiovascular, Pain Management, Ophthalmology,Podiatry, Neurology, Dental, Plastic Surgery, ENT, and Others) - Forecast to 2027"
Major players are adoptingstrategies 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 surgerycenters.
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Furthermore, in 2017, SurgeryPartner, a healthcare service company acquired NSH Holdco, Inc., an owner andoperator of surgical facilities in partnership with local physicians. Thisacquisition has added NSH’s surgical facilities to Surgery Partner’s portfolio.
Key Takeaways of the U.S. AmbulatorySurgery Centers Market:
The U.S. ambulatory surgerycenters market is expected to exhibit a CAGR of 5.6% over the forecast period(2019-2027), owing to the advantages offered by ambulatory surgical centers bykey players.
Among ownership, physician-onlysegment is expected to hold major revenue share in 2027, owing to increasingnumber of physician-owned ambulatory surgery centers in the U.S. For instance,according to data from the Ambulatory Surgery Center Association's 2017 salaryand benefits survey, 64% of the ambulatory surgery centers are owned byphysicians only in the U.S.
Major players operating in theU.S. ambulatory surgery centers market include Tenet Healthcare Corporation,AmSurg Corporation, Surgery Partners, Covenant Surgical Partners Inc., RegentSurgical Health L.L.C., and Getinge Group.
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CoherentMarket Insights is a prominent market research and consulting firm offering action-readysyndicated research reports, custom market analysis, consulting services, andcompetitive analysis through various recommendations related to emerging markettrends, technologies, and potential absolute dollar opportunity.
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