Ambulatory surgical centers, also known as outpatient surgical centers or same-day surgery centers, provide surgical treatment to patients without requiring an overnight hospital stay. They are an effective alternative to hospital-based outpatient procedures as they provide quality care at significantly lower costs. Procedures performed at ambulatory surgical centers include orthopedic, gastroenterological, ophthalmic, urological, dental, and many other general minor surgeries. The global ambulatory surgical center market provides a cost-effective solution for common outpatient surgeries, preventing overloading of hospitals and alleviating overcrowding issues.

The global Ambulatory Surgical Center Market is estimated to be valued at US$ 1.2 trillion in 2023 and is expected to exhibit a CAGR of 36% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends: The growth of the global ambulatory surgical center market is majorly driven by the rising trend of outpatient surgeries. According to the American Hospital Association (AHA), the percentage of outpatient surgeries conducted in the U.S. has grown from around 60% in the 1970s to over 80% currently. The increase in preference for outpatient care is attributed to advantages such as lower costs, shorter wait times, and more convenient access for patients. Further, changing reimbursement policies by governments and insurance providers promote outpatient care over inpatient hospital procedures. This growing shift towards outpatient surgeries worldwide will continue fueling the demand for ambulatory surgical centers.

SWOT Analysis
Strength: Ambulatory surgical centers (ASC) provide cost-effective procedures for patients. They are convenient centers that helps decrease wait times.
Weakness: ASCs have limited number of operating rooms and beds. They also have smaller medical staff and support as compared to hospitals.
Opportunity: Growing geriatric population suffering from chronic diseases is driving demand for ASCs. Also, shift towards minimally invasive procedures creates opportunity.
Threats: Regulatory issues poses threats to ASCs. Lack of awareness in some regions also restrict growth.

Key Takeaways
The Global Ambulatory Surgical Center Market Size is expected to witness high growth. Regulatory initiatives undertaken by governments of various countries to support ASCs will boost regional markets.

The North America market is currently the dominant regional market owing to supportive regulatory environment and increasing healthcare expenditure. Key players operating in this region are AmSurg, United Surgical Partners International, Surgery Partners, Surgical Care Affiliates and Envision Healthcare.
The Asia Pacific region is witnessing fastest growth due rise in medical tourism and focus of key players to tap opportunities in developing countries. Growing medical facilities and improving access and affordability of procedures in countries such as China, India contribute to regional growth. Demand for affordable and convenient procedures drives number of ASCs at rapid pace.

Emerging trends such as increasing adoption of bundle payments, emphasis on patient satisfaction and growing partnerships between key stakeholders including payers, physicians and facilities are offering new opportunities. Advanced minimally invasive procedures and growing expertise of ASCs to perform complex procedures earlier done at hospitals expands scope. Key players are focusing on service offerings to strengthen network and market position. Consolidation activities keep competition strong in this evolving market.

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