ASC market to exceed $42B by 2027: 4 notes

The ASC market valuation is expected to surpass $42 billion by 2027, up from $16 billion in 2020, according to a report from research and management consulting firm Global Market Insights.

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Four notes:

1. During the forecast period, the market is projected to grow at a compound annual growth rate of 10 percent.

2. To earn a greater share and competitive advantage in the market, key players are focusing on service portfolio expansion, collaborations, agreements and strategic partnerships.

3. In 2020, the neurology segment had about 10.5 percent of the ASC market share, driven by advancements in minimally invasive technologies and a rising demand for neurological procedures.

4. The rising elderly population, vulnerable to various chronic conditions, and the presence of highly trained neurosurgeons at ASCs will also contribute to market growth.

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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

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