Ambulatory Surgical & Emergency Centre Services Market Size, Share, Growth and Industry Analysis by Type (Primary Care Offices, Emergency Departments, Surgical Specialty, And, Medical Specialty) By Application (Pain Management, Ophthalmology, Gastrointestinal, Pulmonary, Dermatology, Vascular, Urology, ENT, And, Orthopaedics), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Ambulatory Surgical & Emergency Centre Services Market REPORT OVERVIEW

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The global ambulatory surgical & emergency center services market size was USD 25750 million in 2022 and market is projected to touch USD 42040 million by 2031, CAGR of 5.6% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Ambulatory surgical & emergency center services are known to provide convenient as well as efficient medical care for surgical and emergency cases. All of this can be done without traditional hospital settings. These centers also offer patients with a range of services. Some of them include same-day surgeries, diagnostic procedures, and urgent care for non-life-threatening conditions. These services are gaining a lot of popularity in today’s scenario which is expected to fuel market growth.

These centers services also, provide state-of-the-art facilities and specialized medical professionals. The aim is to deliver high-quality care with shorter wait times and reduced costs. These services are helpful in improving patient access to timely healthcare services while reducing huge burdens on hospitals. These acts as the factors driving the ambulatory surgical & emergency center services market growth.

COVID-19 Impact: Less Accessibility to Healthcare Services During Pandemic Increased Market Growth

The pandemic of COVID-19 became the biggest obstacle in the growth and development of all the markets. Many people lost their lives during this period as they could not get access to healthcare services. During this time ambulatory centers faced high demands as hospitals were heavily crowded.

Emergency centers faced increased patient volumes, putting strain on their capacity and resources. In order to ensure patient safety as well as staff safety, strict infection control measures and screening protocols were implemented. Telemedicine and virtual consultations also became more prevalent to minimize in-person visits. The rising health crisis during the pandemic increased the demand for ambulatory surgical & emergency center services market.

LATEST TRENDS

"Integration of Technologies Such as Telemedicine to Accelerate Market Growth"

The market is witnessing a lot of developments due to technological advancements. In order to enhance patient health and streamline operations, these centers are integrating technologies such as telemedicine and electronic health records. This allows for virtual consultations, remote monitoring, and efficient sharing of patient information.

There is also a lot of demand for targeted procedures. This has led to the expansion of specialized services which include orthopedic and ophthalmic surgeries. These centers are also increasing their focus on patient-centered care, with emphasis on personalized treatment plans, shorter wait times, and improved patient experience. All of these are considered as the latest trends in the market.

Ambulatory Surgical & Emergency Centre Services Market SEGMENTATION

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• By Type:

The market can be divided on the basis of type into the following segments:

Primary care offices, emergency departments, surgical specialty, and, medical specialty. The primary care offices segment is anticipated to dominate the market during the forecast period.

• By Application:

Classification based on application into the following segment:

Pain management, ophthalmology, gastrointestinal, pulmonary, dermatology, vascular, urology, ENT, and, orthopedics. The pain management segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"Need for Efficient and Cost-Effective Healthcare Services to Amplify Market Growth"

Several driving factors contribute to the growth and evolution of ambulatory surgical & emergency center services. After the health crisis faced during the pandemic period there is an increasing demand for efficient and cost-effective healthcare services. This is fueling the need for these centers, which offer timely care and shorter wait times compared to traditional hospital settings. Apart from this, a lot of advancements are being made.

Many new trends and procedures are being introduced in medical technology and surgical techniques. This enables a wider range of procedures to be performed on an outpatient basis, supporting the expansion of ambulatory surgical services. The healthcare industry is heavily emphasizing on preventive care and early intervention. This promotes the use of emergency centers for non-life-threatening conditions. All of these factors are playing a crucial role in promoting the market growth and development.

"Growing Aging Population and High Prevalence of Chronic Diseases to Propel Market Growth "

In addition to the factors mentioned earlier, several other driving forces contribute to the growth and development of ambulatory surgical & emergency center services. An important factor that is promoting the market growth is the increasing aging population and higher prevalence of chronic diseases. This increases the need for frequent medical interventions and specialized care. Doctors and healthcare patients are also focusing on value-based healthcare models, with a focus on improved patient outcomes and cost-efficiency.

Patient preferences are constantly changing and they desire for more convenient and accessible healthcare options. This has increased the popularity of ambulatory centers. Key industry players are planning strategic partnerships and collaborations between healthcare providers and ambulatory centers. All of these factors are promoting ambulatory surgical & emergency center services market share.

RESTRAINING FACTOR

"Stringent Licensing Policies and Accreditation to Decrease Market Growth"

These services have experienced significant growth and development throughout the years but, there are also restraining factors that pose challenges to their operations. One primary factor is the regulatory environment, as centers must comply with stringent licensing, accreditation, and certification requirements.

 Along with this, another major problem that is being faced is the shortage of healthcare professionals, particularly in specialized fields. Geographic disparities in access to ambulatory services and the limited availability of advanced medical technologies can further hinder their expansion. There are also concerns regarding infections and side effects. These factors can significantly bring down the market share.

Ambulatory Surgical & Emergency Centre Services Market Regional Insights

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"North America to Dominate Market Share in Upcoming Years"

The region that enjoys a dominant share in the market during the forecast period is North America. Many factors have played a crucial role in making North America the leading region.  The United States has been at the forefront, with a significant number of established ambulatory surgical centers and emergency care facilities. This region has also made notable strides in expanding these services.

Additionally, countries like Australia and Canada have seen growth in ambulatory care centers. North America provides a greater focus on accessible, efficient, and patient-centered care. All of these factors have made North America the leading region in the ambulatory surgical & emergency center services.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• IntegraMed America (U.S.)
• Nueterra Healthcare (U.S.)
• Terveystalo Healthcare (Finland)
• Symbion, Inc (U.S.)
• AmSurg Corporation (U.S.)
• Medical Facilities Corporation (Canada)
• Surgery Partners (U.S.)
• Healthway Medical Corporation (Singapore)
• Eifelhoehen-Klinik (Germany)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. The top industrial players along with the region that dominates the market has also been given for the readers to know.