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Global Ambulatory Surgical Procedures Market to Grow at a CAGR of 6.2% During the Period 2022-2027, Driven by Rising Number of Ambulatory Surgical Procedures across the Globe

According to a new report by EMR titled, ‘Global Ambulatory Surgical Procedures Market Report and Forecast 2022-2027’, the global ambulatory surgical procedures market is expected to grow at a CAGR of 6.2% during the period 2022-2027, led by advancements in technology.

Ambulatory, outpatient or same-day surgeries are conducted in a broad range of medical settings, including freestanding satellite medical centres and ambulatory surgery centres (that can be either independent or part of a local hospital, and same day surgery departments within a hospital). Some ambulatory procedures may be carried out in the healthcare provider’s office. Benefits to outpatient procedures include less cost, more convenience, and scheduling. While ambulatory surgery is expected to expand by the inclusion of surgeries on patients presently admitted into acute bed hospitals as inpatients, technological advancements have led to the development of novel techniques and modifications that would expectedly increase ambulatory surgery practice and boost the global ambulatory surgical procedures market. Increasing number of ambulatory surgical centres (ASCs) and growing volume of procedures carried out in ASCs are expected to boost the market. Orthopaedic, spine and cardio procedures are expected to witness fastest increase.  North America, Europe and Asia are likely to be key markets.

 

Key Industry Developments

In 2022, Xenco Medical expanded its ASC surgical device portfolio through the FDA clearance and launch of its Multilevel CerviKit™, an expansion of Xenco Medical’s breakthrough single-use cervical spine technology to include a comprehensive suite of implants and single-use instruments for 2, 3, and 4 level anterior cervical spine procedures. Such solutions are expected to drive the global ambulatory surgical procedures market. Augmented for the ambulatory surgery centre setting, the Multilevel CerviKit built upon Xenco Medical’s existing portfolio of disposable spinal implant and instrument platforms included in its ASC CerviKit and added to its portfolio of single-use lumbar surgical devices. The cervical plating options included in the Multilevel CerviKit featured an optimally thin profile, an intuitive locking mechanism, and a dual textured surface for thorough fixation.

In 2021, it was announced that Regent Surgical Health, headquartered in Chicago, Illinois, and Nashville, Tennessee, would be the exclusive national partner for ASC development for Ascension Capital, a nonprofit and Catholic health system. Through this partnership, Regent and Ascension would develop or acquire and operate ASCs across the communities Ascension serves, granting patients ready access to first-class outpatient surgical services.

In 2018, Veritas Capital and General Electric announced that an affiliate of Veritas had entered into a definitive agreement with GE to acquire the Enterprise Financial Management (Revenue-Cycle, Centricity Business), Ambulatory Care Management (Centricity Practice Solution) and Workforce Management (formerly API Healthcare) assets comprising GE Healthcare’s Value-Based Care Division.

Key Findings of the Report:

  • The global ambulatory surgical procedures market is expected to be driven by rising number of cases needing surgery.
  • Advantages and convenience afforded by ambulatory procedures are expected to boost market growth.
  • North America, Europe and Asia are projected to be key markets.

Market Analysis by Surgery Type, End User and Region:

  • By surgery type, the market is segmented into Pain Management, Dental Surgeries, Orthopaedic Surgeries, Ophthalmic Surgeries, Gastrointestinal Surgeries, and Others.
  • By end user, the market is divided into Ambulatory Surgery Centres and Hospitals.
  • By region, the market is classified into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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