ASC market to hit $120.8B by 2026 — 5 market insights

The ASC market could grow at a 6.1 percent compound annual growth rate through 2026 to reach $120.8 billion, according to a ResearchAndMarkets analysis.

Five other insights:

1. Aging global populations and increasing chronic disease rates are driving market growth, while advanced technologies have increased ASCs' scope of procedures.

2. High hospitalization costs are also driving patients to the outpatient space.

3. According to an American Hospital Association report, outpatient admissions increased from 624 million in 2008 to 675 million in 2012.

4. The U.S. is leading the North American ASC market, which touts the largest market share, but the Asia Pacific market could emerge as a strong competitor in the projected segment.

5. Globally, gastroenterology holds the largest market share by application, but the report expects plastic surgery will experience the most growth by 2026.

More articles on surgery centers:
Key ways ASCs can identify bundled payment partners
3 steps to ensure successful billing at a new ASC
3 steps to negotiating an insurance contract for an ASC 

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