Outpatient Surgical Centers
Companies in this industry provide surgical and emergency care services for ambulatory patients in standalone facilities that are outfitted with operating and recovery rooms; they do not offer overnight or long-term hospital care or care for minor ailments. Major US companies include Envision Healthcare, SCA Health, and Surgery Partners, as well as the outpatient surgical operations of major hospital chains such as HCA Healthcare and Tenet Healthcare.
The global ambulatory surgery center (ASC) market generated about $87.5 billion in 2022, according to Global Market Insights. According to Regent Surgical Health, the market is expected to reach between $52 billion and $55 billion by 2025. Since many countries have national health care systems, outpatient surgery is usually offered by the country's hospital system. However, companies in some countries operate health care facilities that accept private insurance and self-pay patients.
The US outpatient surgical center industry includes about 7,800 establishments with a combined annual revenue of about $30 billion.
Competitive Landscape
Demand is linked to the number of people receiving medical care and the cost of hospital-based care. The profitability of individual centers depends on efficient operations and effective marketing. Companies that operate multiple locations may enjoy some economies of scale in purchasing, administration, and marketing. Smaller companies can compete by providing superior or niche services. The US industry is fragmented: the 50 largest companies generate about 40% of revenue.
The primary competition for ASCs comes from hospital surgery departments, which have traditionally performed the majority of inpatient and outpatient procedures. As health systems work to lower medical expenses, surgery centers provide a more cost-efficient alternative to hospital-based procedures. However, ASCs may be vulnerable to lower procedure volumes during times where elective procedures are postponed, such as an economic downturn or a pandemic.
Products, Operations & Technology
Outpatient surgical centers, otherwise known as ambulatory surgical centers (ASCs), are used by doctors to perform a variety of surgical procedures that
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