What is Global Ambulatory Surgery Market?
The Global Ambulatory Surgery Market is a vast and dynamic sector that encompasses a wide range of medical procedures performed on an outpatient basis. These procedures, which include surgeries and treatments that do not require an overnight hospital stay, are becoming increasingly popular due to their cost-effectiveness and convenience for patients. The market is driven by advancements in medical technology, increasing healthcare expenditure, and the growing prevalence of chronic diseases. It is also influenced by factors such as government initiatives to reduce hospital stay durations and the increasing preference for minimally invasive surgeries. The market is further segmented based on the type of surgery, with categories including gastrointestinal, cardiovascular, neurological, orthopedic, and others.
Gastrointestinal, Cardiovascular, Neurological, Orthopedic, Other in the Global Ambulatory Surgery Market:
The Global Ambulatory Surgery Market is further categorized based on the type of surgeries performed, which include gastrointestinal, cardiovascular, neurological, orthopedic, and others. Gastrointestinal surgeries, for instance, are procedures that treat conditions of the digestive system, while cardiovascular surgeries involve the heart and blood vessels. Neurological surgeries, on the other hand, are procedures that address disorders of the nervous system, and orthopedic surgeries involve the musculoskeletal system. Each of these categories has its own set of market dynamics, influenced by factors such as the prevalence of related diseases, advancements in surgical techniques, and the availability of skilled surgeons. The "other" category includes a variety of surgeries not classified under the aforementioned categories, further expanding the scope of the market.
Physician's Office, Hospital OPDs, ASCs in the Global Ambulatory Surgery Market:
The usage of the Global Ambulatory Surgery Market varies across different settings, including physician's offices, hospital outpatient departments (OPDs), and Ambulatory Surgery Centers (ASCs). Physician's offices, for instance, often perform minor surgeries and procedures that do not require extensive post-operative care. Hospital OPDs, on the other hand, are equipped to handle more complex surgeries, with the added advantage of immediate access to hospital facilities in case of complications. ASCs are specialized facilities designed exclusively for performing outpatient surgeries, offering a cost-effective and efficient alternative to hospital-based surgeries. Each of these settings offers unique advantages and caters to different patient needs, contributing to the overall growth of the market.
Global Ambulatory Surgery Market Outlook:
Looking at the market outlook, the Global Ambulatory Surgery Market was valued at a significant US$ 304240 million in 2023. This value is expected to see a substantial increase, reaching an estimated US$ 478410 million by 2030. This represents a compound annual growth rate (CAGR) of 6.6% during the forecast period from 2024 to 2030. This growth can be attributed to various factors, including advancements in medical technology, increasing healthcare expenditure, and the growing prevalence of chronic diseases. Additionally, government initiatives to reduce hospital stay durations and the increasing preference for minimally invasive surgeries are also contributing to this upward trend.
| Report Metric | Details |
| Report Name | Ambulatory Surgery Market |
| Accounted market size in 2023 | US$ 304240 million |
| Forecasted market size in 2030 | US$ 478410 million |
| CAGR | 6.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Mayo Clinic, Massachusetts General Hospital, Mount Sinai Hospital, New York Presbyterian, University of Washington Medical Center, Cleveland Clinic, St Jude Children's Research Hospital, Johns Hopkins Medicine, University of Maryland Medical, Taipei Veterans General Hospital |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
