U.S. Ambulatory Surgery Centers Market Analysis | Coherent Market Insights

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2. U.S. Ambulatory Surgery Centers Market Analysis (2020-2027) • U.S ambulatory surgery centers market growth is attributed to advantages offered by ambulatory surgical centers in the U.S. Ambulatory surgical centers (ASC) perform surgeries that do not require hospital admission of patients. It helps patients to have access to cost-effective healthcare services. • For instance, according to the Journal of Bone & Joints Surgery, 2016, patients who underwent ankle fracture surgeries in ASC had lower rates of urinary tract infections (UTIs), pneumonia, blood clots, and other complications. Moreover, increasing technological advancements in minimally invasive surgeries is further expected to drive growth of the market over the forecast period.

3. s • Furthermore, availability of significant reimbursement facilities in the U.S is expected to drive growth of the market. For instance, in November 2019, Centers for Medicare & Medicaid Services (CMS) made changes in ambulatory surgical center (ASC) payment system policy and payment rates final rule. Additional policies in the final rule are expected to continue elimination of payment differences between certain outpatient sites of service so that patients can benefit from high-quality care at lower costs. • The U.S. ambulatory surgery centers market is estimated to be valued at US$ 54,246.6 million in 2019, and is expected to exhibit a CAGR of 5.6% over the forecast period (2019-2027).

4. U.S. Ambulatory Surgery Centers Market Share (%) Analysis, By Ownership, 2019 Source: Coherent Market Insights Analysis (2019)

5. Adequate Reimbursement for Surgeries and Increasing Number of Minimally Invasive Surgeries are Expected to Drive Growth of the U.S. Ambulatory Surgery Centers Market • Increasing reimbursement for surgeries performed in ambulatory surgical centers is expected to fuel growth of the U.S. ambulatory surgical centers market over the forecast period. Centers for Medicare and Medicaid Services (CMS) offers adequate reimbursement for surgeries performed in an ambulatory surgical center. • For instance, in November 2019, the Centers for Medicare & Medicaid Services (CMS) issued the Calendar Year (CY) 2020 Hospital Outpatient Prospective Payment System (OPPS) and Ambulatory Surgical Center (ASC) Payment System Policy Changes and Payment Rates final rule.

6. d • Additional policies in the final rule are expected to continue elimination of payment differences between certain outpatient sites of service so as to offer more benefits to patients at lower costs. Moreover, CMS has added total knee arthroplasty to the ASC-payable list in its 2020 medicare hospital outpatient prospective payment system and ASC payment system final rule. • According to this, total knee arthroplasty will be eligible for medicare payment in the ASC setting in 2020. Along with this, additional six coronary intervention procedures, knee mosaicplasty, and 12 procedures with new CPT codes were added to the ASC-payable list in November 2019.

7. U.S. Ambulatory Surgery Centers Market - Restraints • Increasing number of patients opting for surgeries in hospitals is expected to act as a restraining factor for the market. Medical facilities such as multispecialty centers, specialty clinics, and others are present in the U.S. that offer medical services as ambulatory surgical centers. • These facilities have presence of skilled medical professionals along with vast resources. These facilities perform outpatient surgeries as well as surgeries requiring patient admission such as cardiovascular surgeries or cancer surgeries. These factors are expected to restrain growth of the U.S. ambulatory surgical centers market up to certain extent.

8. U.S. Ambulatory Surgery Centers Market Value (US$ Mn) & Y-o-Y Growth (%), 2016-2027 Source: Coherent Market Insights Analysis (2019)

9. U.S. Ambulatory Surgery Centers Market - Competitive Landscape • Key players operating in the U.S. Ambulatory Surgery Centers market include Tenet Healthcare Corporation, AmSurg Corporation, Surgery Partners, Covenant Surgical Partners Inc., Regent Surgical Health L.L.C., and Getinge Group.

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