The global ASC market could reach an estimated $72.6 billion in 2019, according to Absolute Market Insights.
Five key takeaways:
1. With a compound annual growth rate of 4.43 percent, the market could be valued at $102.67 billion by 2027.
2. The physician-only market segment accounted for over 50 percent of the market share in 2018. Growth in this segment is attributed to the quality care offered in physician-owned centers.
3. The ophthalmic surgery segment was valued at over $12 billion in 2018, due to high volumes of eye-related disorders.
4. Single-specialty centers held 50 percent of the market share in 2018. The segment will continue growing to meet demand for specialized care.
5. Some of the factors generating demand for ASCs include a growing elderly population, increasing incidence of chronic diseases, joint-related ailments and sports injuries, favorable reimbursement policies in developed economies, and increasing average household income.
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