ASC market to hit $55B by 2025: 4 things to know about industry growth

An aging population, increased surgical volume and advances in technology are some of the contributing factors driving growth in the ASC market, according to a report from business intelligence company Research and Markets.

Four growth details to know:

1. The ASC market is projected to be worth between $52 billion and $55 billion by 2025.

2. Physicians at ASCs perform more than half of all outpatient procedures, with volume expected to increase 15 percent by 2028. More growth is expected in ASC settings than hospital outpatient departments.

3. The specialty that's projected to see the greatest procedure volume growth is spine, which is expected to grow 10 percent through 2022.

4. Patient consumerism will play a role in ASC procedure volume growth, with both payers and patients favoring the low-cost setting of an ASC over a hospital.

More articles on turnarounds:
How ASCs & physician-owned medical groups can lower costs to compete in a value-based environment
Former CVS exec: Retailers like Walmart won't compete with ASCs in the near future
3 tips for attracting surgeons to your ASC

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