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According to the Graphical Research new growth forecast report titled “Europe Ambulatory Surgical Centers Market Size By Specialty Type (Single-specialty, Multi-specialty), By Service (Diagnosis, Treatment), By Ownership (Physician Only, Hospital Only, Physician & Hospital, Corporation Only, Physician & Corporation, Hospital & Corporation), By Surgery Type (Dental, Otolaryngology, Endoscopy, Obstetrics/Gynecology, Ophthalmology, Orthopedic, Cardiovascular, Neurology, Plastic, Podiatry), Industry Analysis Report, Country Outlook (Germany, UK, France, Italy, Spain, Russia, Poland, Denmark, Netherlands, Norway, Portugal, Sweden, Czech Republic, Belgium), 2018 – 2024”, estimated to exceed USD 32 Billion by 2024.Growing disease burden coupled with rapidly ageing population is the key factor driving Europe ambulatory surgical centers market growth. Developments in ambulatory surgical centers aimed at achieving faster disease diagnosis, minimized costs and enhanced patient care will favor business growth. Additionally, rising awareness among people regarding early disease diagnosis and growing inclination towards ASCs for high quality and affordable treatments will upsurge ambulatory surgical centers industry growth over the forecast period.
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Furthermore, favorable government support to encourage procedures to be performed on day basis owing to advantages such as shortened hospital stays, early mobilization of patients, reduced hospital-acquired infections and improved quality of postoperative recovery will foster industry growth. For instance, NHS and Government of UK are actively promoting day surgery practice with an aim to perform around 75% of procedures in day surgery centers in the country. Moreover, presence of British Association of Day Surgery (BADS) providing education about day surgery to patients and professionals as well as supporting research and quality improvement projects pertaining to day surgeries will spur the business size. However, low physician-to-patient ratio in certain economies may impede the market growth.
Hospital only segment was valued more than 1 billion in 2017 and is anticipated to show considerable growth during the forthcoming years. Segment growth is attributable to increasing healthcare cost, technological development that enable rapid recovery and minimally invasive surgical techniques that enable hospitals to carry out most of the surgical procedures in hospital owned ASCs.
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Orthopedic surgery segment is estimated to show lucrative CAGR of 4.8% over the analysis timeline. Segment growth can be attributable to growing incidence of osteoarthritis (degenerative bone disease), obesity and osteoporosis in the region. Sedentary lifestyle, greater life expectancy and rapid ageing will serve to be prime factors surging the demand for orthopedic procedures, thereby fostering the segment growth.
Segments we cover:
Europe Ambulatory Surgical Centers Market Statistics, By Ownership
o Physician Only
o Hospital Only
o Corporation Only
o Physician & Hospital
o Physician & Corporation
o Hospital & Corporation
Europe Ambulatory Surgical Centers Market Growth, By Surgery Type
o Dental
o Otolaryngology
o Endoscopy
o Obstetrics/Gynecology
o Ophthalmology
o Orthopedic
o Cardiovascular
o Neurology
o Plastic
o Podiatry
o Others
Multi-specialty segment accounted for around 43% revenue share in 2017 owing to diversified number of services offered by the multi-specialty ambulatory surgical centers. Technological improvements that enable multispecialty centers to perform substantial number of acuity cases will further upsurge the revenue size of multi-specialty ASCs.
Treatment segment is expected to grow substantially with revenue of over USD 25 billion by 2024. Cost-effectiveness associated with treatment offered at ambulatory centers will act as primary driver for the segment growth. Growing demand for high quality care at comparatively lower-cost will favor business growth over the coming years.
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France ambulatory surgical centers market is estimated to show more than 4.5% CAGR over the forecast timeframe. Increasing prevalence of chronic diseases such as cardiovascular diseases, diabetes, cancer and others will fuel the need to shift towards day surgeries. Ambulatory surgery centers offering improved quality of care to patients, well-developed facilities, reduced hospital stay as well as enhanced patient satisfaction will surge the number of surgeries being performed in these centers. Moreover, continuous medical progress along with incentive pricing for surgical procedures pave the way for ambulatory surgeries to become a standard of surgical care in the country, thus, fostering the business growth.
Few of the prominent players in Europe ambulatory surgical centers market include Alan Cumming Day Surgery Unit, BMI Blackheath Hospital Outpatient Centre, London Day Surgery Centre, Central Institute of Mental Health, Chelsea and Westminster Hospital, Vitanas clinic and day hospital, Auxologico Ariosto, Ghent University Hospital, Zudecche Day Surgery and Balgrist University Hospital. Industry players are taking numerous initiatives to acquire higher market share and strengthen their market position. Moreover, increasing the number of ASCs throughout the region will help in enhancing company’s revenue growth.
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Name: Parikhit B.
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Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1148/europe-ambulatory-surgical-centers-market
Release ID: 506366
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