|Last Quarterly Update:||2/27/2017|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
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 (formerly AmSurg), Surgical Care Affiliates, and Surgery Partners, as well as the outpatient surgical operations of major hospital chains such as Tenet Healthcare and HCA.
Demand for outpatient centers, also known as ambulatory surgery centers (ASCs), is growing in Europe, the Americas, the Asia/Pacific region, and other parts of the world. Since many countries have national health care systems, outpatient surgery is usually offered by the country's hospital system. However, in countries such as Australia, Belgium, India, Japan, and the UK, some companies operate health care facilities that accept private insurance and self-pay patients. With demand for outpatient surgery rising and competition increasing among US outpatient surgery centers, companies could consider the overseas market for expansion opportunities.
The US outpatient surgical center industry includes about 6,500 centers with a combined annual revenue of about $24 billion.
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 ...
Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?Learn More About Subscription Options