Outpatient Surgical Centers Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 9/21/2020
SIC Codes: 8011
NAICS Codes: 621493
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Outpatient Surgical Centers Industry Profile

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, SCA, and Surgery Partners, as well as the outpatient surgical operations of major hospital chains such as Tenet Healthcare and HCA Healthcare.

The global ambulatory surgery center (ASC) market generated about $70 billion in revenue in 2018, according to Global Market Insights. The market is expected to grow at a compound annual rate of about 5.1% through 2025. 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, France, Germany, India, Japan, Spain, and the UK, some companies operate health care facilities that accept private insurance and self-pay patients.

The US outpatient surgical center industry includes about 7,600 centers with a combined annual revenue of about $31 billion.

COMPETITIVE LANDSCAPE

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 providing superior or niche services. The US industry is fragmented: the 50 largest ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options