A majority of this growth is attributed to the growing need to curtail escalating healthcare costs, shift from inpatient to outpatient surgical procedures, growing demand for IT solutions such as mhealth, telehealth, and remote patient monitoring for better management, and the need to improve the quality of healthcare while maintaining the operational efficiency of healthcare organizations.
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The Ambulatory Surgical Centers provides mobile surgery services for the convenience of patients. The ambulatory surgery center is fully equipped with operating rooms for on-site surgical procedures. Ambulatory surgical centers are mostly suitable for minor or non-invasive procedures.
Based on the products and services, the clinical solutions segment accounted for the largest share of the Ambulatory Surgical Centers market in 2019. There is a high demand for clinical solutions due to the increasing demand for improved patient safety and patient care, the need to manage complex patients’ data from different medical devices and information systems, and the need for integrated healthcare systems.
Based on components, the Ambulatory Surgical Centers market is segmented into services, software, and hardware. In 2019, the services segment accounted for the largest share of the Ambulatory Surgical Centers market. This is attributed to the need for integration and interoperability of software, the development of complex software, the growing demand for consulting and outsourcing of various healthcare processes such as revenue cycle management and EHR management.
Based on specialty type, the Ambulatory Surgical Centers market is segmented into single and multi-specialty. In 2019, the multi-specialty segment accounted for the largest share of the Ambulatory Surgical Centers market. The large share of this segment can be attributed to the large number of surgical procedures performed in these facilities and the availability of reimbursement for these procedures.
North America accounted for the largest share of the Ambulatory Surgical Centers market, followed by Europe. The large share of this region can be attributed to the high adoption of Ambulatory Surgical Centers for reducing the soaring healthcare costs, increasing volume of surgical procedures performed.
Key Market Players
The prominent players in this market are Cerner Corporation (US), McKesson Corporation (US), Allscripts Healthcare Solutions, Inc. (US), GE Healthcare (US), Philips Healthcare (Netherlands), athenahealth, Inc. (US), Optum (US), Epic Systems Corporation (US), Medical Information Technology, Inc. (MEDITECH) (US), eClinicalWorks (US), athenahealth, Inc. (US), Advanced Data Systems Corporation (US), NextGen Healthcare (US), CureMD (US), HST Pathways (US), and Surgical Information Systems (US).
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Expected Revenue Growth:
The Ambulatory Surgical Centers market is projected to reach USD 7.2 billion by 2025 from 2.1 billion in 2020, at a CAGR of 27.6% during the forecast period.
Cerner Corporation (US) is one of the major players in the Ambulatory Surgical Centers market in 2019. The company has a diversified product portfolio, which includes a wide range of Ambulatory Surgical Centers IT products and services. Cerner’s position in the market is attributed to its active R&D activities and wide distribution footprint across the globe.