Ambulatory Surgery Centers
Ambulatory Surgery Centers (ASCs) offer improved patient quality and care, while also cutting healthcare costs. Due to some hospitals contending with scheduling delays, limited operating room capacities, budgetary issues and inefficient operating room turnovers, ASCs provided a cost-effective alternative. Moreover, thanks to advancements in medical technology, many surgical techniques are less invasive, allowing for a significant number of procedures to be performed from inpatient to outpatient settings. According to the Ambulatory Surgery Center Association (ASCA), the industry's landscape changed considerably, as it is moved away from being predominately owned by physicians to also including hospital ownership. Over the five years to 2018, industry revenue is expected to grow. Over the five years to 2023, industry revenue is forecast to grow a. Several factors are expected to drive industry expansion during the outlook period, including the migration of surgical services to outpatient care settings and demand for convenient, specialized care. In addition, revenue is likely to be driven by cost-conscious patients looking to have surgeries performed at a lower cost as compared with surgeries performed in a hospital.
This industry provides surgical services such as orthoscopic and cataract surgery. Industry operators also provide emergency care services, including setting broken bones, treating lacerations and tending to patients who have suffered injuries, due to accidents or trauma. Services are provided on an outpatient basis and operators are required to have specialized facilities, such as operating and recovery rooms, as well as pertinent equipment (i.e. anesthesia and X-ray machines).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.