Ambulatory surgery centers are also known as ASCs which are present-day outpatient surgery centers which offer facilities that focus on providing same-day surgical care, along with diagnostic and preventive procedures. It has changed the outpatient experience for millions of people by facilitating them with a more convenient option to hospital-based outpatient procedures. It does so by keeping a robust track record of quality care and positive patient results. These surgeries include minimum complication than requiring more hospitalization. However, the huge infrastructure investments and huge cost of deployment are the factors impeding the market growth. Presently, with swift technological advancements in the healthcare sector, ~60% of all surgeries can be done at short-stay surgery centers which are providing key opportunities. Ambulatory care services are rendered at several healthcare facilities such as dialysis clinics, hospital outpatient departments, ambulatory surgical centers, and outpatient clinics, among others.
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Key Driving Factors: Increasing healthcare costs are the key concern
Increasing costs of healthcare are a significant concern afflicting the industry and with this comes the fact that many patients cannot afford the treatment they require, along with surgical procedures. This has driven the healthcare providers to emerge with new methods to provide such services at low cost while also focusing on quality. ASCs have determined to be an efficient solution in this scenario. Hence, the ambulatory surgery centers are less cost when compared to the hospitals and nursing homes since they provide patients with instant medical services and quick discharge facilities. Owing to shortage of medical facilities many of the hospitals are usually crowded with patients; ambulatory surgical centers are deemed to be an alternative to various issues such as delay in treatment, limited capacity of hospitals, heavy expenditure and others.
Significant players of the ambulatory surgical centers market are Cerner Corporation, McKesson Corporation, GE Healthcare, Philips Healthcare, athenahealth, Inc., Optum, eClinicalWorks, Epic Systems Corporation, Allscripts Healthcare Solutions, Inc., Medical Information Technology, Inc. (MEDITECH), athenahealth, Inc. and Advanced Data Systems Corporation.
Opportunities: Constantly changing habits of people
Continuously changing eating habits of people around the world and the inactive lifestyle majorly impacts the homeostasis of the body. This will make people more vulnerable to chronic illnesses and cardiovascular diseases. Henceforth, the forthcoming years will witness a growth in the adoption of minimally invasive procedures such as radiofrequency ablation devices to treat chest pain and joint pains, dermatological conditions, and liver and kidney problems. Hence ambulatory surgical centers adopt endoscopic procedures and surgical robots to enhance the accuracy and ability of surgeons who carry out minimally invasive procedures, an increase in the number of chronic diseases will consequently boost the revenue of outpatient surgery centers which will provide growth opportunity for the market.
On basis of specialty, the ambulatory surgical centers market is bifurcated into single-specialty and multi-specialty. The multispecialty segment is leading the market this is because huge numbers of surgical procedures are carried out in the multi-specialty facilities and availability of reimbursements for these procedures.
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Published Date : March-2021