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.

More articles on outpatient spine:
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