North American ASC market hit $26.9B in 2017 — 5 insights

The North American ASC market is booming with a $26.9 billion valuation in 2017, and a 4.8 percent compound annual growth rate projected from 2018 to 2024, according to a Graphical Research report.

What you should know:

1. The report projects the North American ASC market to surpass $35 billion by 2024.

2. An increasing geriatric population and growing demand for minimally invasive surgery will drive market growth.

3. The physicians-only ASC segment was strong in 2017, accounting for more than 50 percent revenue share. Graphical Research attributed that strength to the lower cost care physician-run centers provide.

4. Single-specialty ASCs will grow at a 4.9 percent CAGR through 2024 and will continue to fuel business revenues through the projection period.

5. Graphical Research projects the market's top players will condense and strengthen their market position.

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