November 9, 2022 – According to a report from Yahoo! Finance, the ambulatory surgical center market value is estimated to exceed $144.5 billion by 2032.
With the increasing costs of healthcare at general hospitals, patients are looking to ASCs for treatment. These facilities provide a high standard of care, allowing most patients to recover at home after treatment.
ASCs market from physician-only owned segment was valued at $52 billion in 2022. Overall, physician-owned ASCs provide affordable care at costs lower than that required to perform procedures at other ASCs. These facilities typically have fewer overhead expenses and are certified by Centers for Medicare & Medicaid Service (CMS) to provide reimbursement for procedures performed. With the rising cost of healthcare, patients are increasingly looking for affordable surgeries and treatment options. The ability to provide cost-effective surgical treatment will pave the way for physician-owned ASCs.
Ambulatory surgical centers market from the treatment service segment is anticipated to expand at 5% CAGR from 2023-2032. ASCs have become the go-to solution for patients looking for cost-effective treatment. ASCs are steadily taking over other healthcare facilities with favorable financial incentives and clinically advanced technology. These factors ensure faster and more accurate courses of treatment for patients. Increasing adoption of a sedentary lifestyle and unhealthy dietary habits have increased the risk of cardiovascular diseases and cancer, proliferating the need for treatment at ASCs.