ASC market to reach $108.5B by 2016: 3 things to know

Future Market insights anticipates the global ASC market will grow at a 3.9 percent compound annual growth rate, reaching $108.5 billion by 2026.

Here are three things to know:

1. In 2015, the market was estimated at $71.4 billion. North America held the largest share of the market, 52.3 percent. Throughout the forecast period, North America is expected to continue dominating the market.

2. The hospital-based ASC segment is predicted to experience the highest growth rate in terms of value in the global market. Currently, the gastrointestinal specialty area segment also sees a higher revenue share.

3. An increasing demand for quick, cost-effective and high-quality medical services will continue to drive the market throughout the forecast period. Additionally, the need for repetitive diagnosis during treatment is predicted to drive market growth.

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