Ambulatory surgical centers (ASCs) offers superior quality, professionalism and safety that is one of the prominent reason physicians and patients are choosing ASCs. Furthermore, convenient scheduling and reliable service are attracting majority of patients and physicians towards ambulatory settings. Additionally, researches show that quality of care delivered by ASCs is similar or in some cases even better than hospital care. Aforementioned benefits offered by ASCs along with lower patient complications will propel the ambulatory surgical centers market growth over the forecast period. According to the Graphical Research new growth forecast report titled “Asia Pacific Ambulatory Surgical Centers Market Size By Surgery Type (Dental, Otolaryngology, Endoscopy, Obstetrics/Gynecology, Ophthalmology, Orthopedic, Cardiovascular, Neurology, Plastic, Podiatry), By Ownership (Physician Only, Hospital Only, Corporation Only, Physician & Hospital, Physician & Corporation, Hospital & Corporation), By Specialty Type (Single-specialty, Multi-specialty), By Service (Diagnosis, Treatment), 2019-2024”, Estimated To Exceed USD 13 Billion By 2024.
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Physician and hospital segment is poised to experience around 5% CAGR over the analysis period. Consolidation of hospital and physician helps ASCs to provide much better-quality services. Physician would provide treatment with high specificity and hospital collaborate with physician to provide necessary medical devices that ASCs alone cannot afford. Thus, advantages of combined ownership of physician and hospital will augment the segment growth.
Cardiovascular segment is forecasted to witness around 5.5% growth over the forecast timeframe. Increasing prevalence of cardiovascular diseases requiring surgical procedures will augment the business growth. ASCs can provide cost-effective cardiovascular surgical procedures with considerably less recovery time. According to The Lancet , in 2015, 2.1 million Indians died due to heart disease. Increasing prevalence for cardiovascular diseases and consequent rise in patient inflow to ambulatory surgical centers will propel the segmental growth.
Multispecialty segment held more than 42% revenue share in 2017 due to availability of well-established multispecialty ASCs coupled with rising healthcare coverage in the Asian countries. Multispecialty ASCs provide treatment for several health conditions such as urology, ophthalmology, plastic surgery, general surgery and orthopedic surgery. Also, multispecialty ASCs are well-equipped with necessary infrastructure and medical devices that positively influences the segment growth in coming years.
Treatment segment is expected to witness 5.9% growth over the analysis period. Segmental growth is attributed to cost-effective treatment provided by ASCs. Majority of the single specialty as well as multispecialty ASCs are affiliated to insurance providing companies. Reimbursement is available for almost all the treatments provided by ASCs. Positive reimbursement scenario coupled with increasing awareness regarding availability of minimally invasive treatment will augment the segment growth.
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India ambulatory surgical centers market accounted for 14.1% revenue share in 2017. Increasing prevalence of cardiovascular and neurological diseases in India drives the country growth. According to Publication of the Neurological Society of India, in 2014 around 30 million people suffered from neurological disorders in India. Indian government has taken several initiatives that ensures availability of advanced medical devices in ASCs to treat neurological as well as other diseases that proves beneficial for the industry growth.
Some of the notable players operating in the market are Center for Sight, Vasan Eye Care, Centre for Sight, RG Stone. These key industry players aim at maintaining their market share by providing quality care to its patients. For instance, in August 2018, Centre for sight accomplished their annual mission of performing 100 surgeries at its Sarasota FL based headquarter this will enhance goodwill of the Centre and will help it in grasping future opportunities.
Chapter 1.Methodology & Scope
- Definition and forecast parameters
- Methodology and forecast parameters
- Data sources
Chapter 2.Executive Summary
- Asia Pacific ambulatory surgical centers industry 3600 synopsis, 2013 – 2024
- Country trends
- Ownership trends
- Surgery type trends
- Specialty type trends
- Service trends
Chapter 3.Industry Insights
- Industry segmentation
- Industry landscape, 2013 – 2024
- Major factor analysis
- Increasing prevalence of chronic diseases in India and China
- Rise in the number of government regulations
- Rising awareness regarding minimally invasive treatment provided by ASCs
- Industry pitfalls and challenges
- High cost of medical devices
- Porter’s analysis
- Competition review, 2017
- PEST analysis
Browse key industry insights along with Table of Content @ https://www.graphicalresearch.com/table-of-content/1170/asia-pacific-ambulatory-surgical-centers-market
North America Ambulatory Surgical Centers Market
Europe Ambulatory Surgical Centers Market
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