A Future Market Insights report predicts gastroenterology will top the global ASC market, as multispecialty centers swell to about $76 billion by 2027.
Here's what you should know:
1. Future Market Insights upped its growth projections for the global ASC market from 3.9 percent CAGR to 4 percent CAGR through 2027.
2. Multispecialty centers dominated the market to date and held an estimated 65 percent of ASC market share at the end of 2017.
3. Concerning specialties, FMI believes gastroenterology will grow at a CAGR of 4.7 percent through 2027. Analysts expect growth will occur in the North America, Latin America, Europe, Asia-Pacific and Japan markets.
4. The North American region will continue to dominate the ASC market. North America and Europe are expected to make up more than 82 percent of the ASC market.
5. Increased outpatient Medicare spending and a renewed focus on containing healthcare costs will drive ASC market growth.