Ambulatory surgical centers (ASCs) are modern healthcare services that provide patients the convenience of having medical procedures and surgeries performed safely outside the hospital setting. Since their beginning over four decades ago, ambulatory surgical centers have established an outstanding ability to enhance customer service and quality while reducing costs. At a time when most developments and advancements in healthcare facilities and technology typically come with a high cost, ambulatory surgical centers stand out as a suitable choice for many individuals.
Asia Pacific ambulatory surgical centers market is witnessing rapid growth. Increasing awareness about the availability of minimally invasive treatments in developing economies of APAC region will improve the market growth in near future. Government of India and China implement a number of initiatives that increases the awareness regarding minimally invasive procedures. This scenario will increase preference of number of individuals towards ambulatory care for surgical treatment, which is ultimately expanding the market growth. Nevertheless, high cost associated with the medical devices could hamper the market growth as outpatient surgical centers may not be able to afford costly and technologically advanced devices.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the ambulatory surgical centers market. In addition, complete analysis of changes on ambulatory surgical centers market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The COVID-19 pandemic had a noteworthy impact on the ASCs market and took a toll on their regular operations. Many economies of the APAC region imposed lockdown to prevent the community transmission of the coronavirus. This needed move resulted in an immense decline in the count of ambulatory visits, affecting the market negatively.
The study analyses Asia Pacific ambulatory surgical centers market based on product and services, components, specialty and geography.
Based on products and services, the market is segmented into clinical IT solutions, non-clinical healthcare IT solutions, and HCIT outsourcing services. The clinical IT solutions segment is projected to witness rapid growth during the forecast period. The clinical IT solutions segment is further bifurcated into EHRS, population health management solutions, medical image analysis solutions, e-prescribing solutions, practice management software, surgical planning software, tele-health solutions, healthcare integration solutions and other clinical solutions.
Alternatively, non-clinical healthcare IT solutions segment is likely to witness second-largest market growth in the coming years. Moreover, the non-clinical healthcare IT solutions further segmented into revenue cycle management solutions, healthcare analytics solutions, healthcare supply chain management solutions, healthcare quality management solutions, healthcare interoperability solutions and other non-clinical solutions. Technological advancements in the field of non-clinical healthcare IT solutions have led to the development and introduction of customized software platforms as per the requirements of healthcare providers. This is flourishing the adoption of non-clinical healthcare IT solutions among end users. Additionally, strict regulations for quality management, loss of revenue owing to the lack of proper documentation, and the reduction in reimbursements are propelling the market for non-clinical healthcare IT solutions segment.
Based on component, the market is bifurcated into services, software, and hardware. Services segment is anticipated to witness lucrative growth of the Asia Pacific ambulatory surgical centers market during the forecast period.
Based on specialty, the market is segmented into single specialty and multi-specialty. Multi-specialty segment is witnessing rapid growth. Alternatively, single specialty segment is likely to observe lucrative growth opportunities in the coming years. The single specialty surgical centers are primarily and exclusively engage in the treatment and care of the patients suffering from a specific illness. They provide specialized medical services. There is an increasing trend now a days in APAC countries such as India towards the single specialty healthcare centers. This is in turn propelling the growth of the market.
Country wise, the study is comprised of the key countries such as the China, India, Japan and rest of the Asia Pacific. China followed by India held the largest market share of Asia Pacific ambulatory surgical centers market and is likely to dominate the market over the estimated time frame. Rapid growth in the Asia Pacific’s healthcare industry, rising geriatric population, increasing expenditure in the healthcare infrastructure of the country’s such as China and India, surge in the demand for surgeries carried out at ASCs and growing awareness regarding early diagnosis of chronic diseases are some of the major growth factors that attributed to the growth of the market in APAC region.
The major key players of market includes Cerner Corporation, Allscripts Healthcare Solutions, Inc, Mckesson Corporation, Nextgen Healthcare, Epic Systems Corporation, Philips Healthcare, Ge Healthcare, Medical Information Technology, Inc, Eclinical Works, Athenahealth, Inc, Advanced Data Systems Corporation, Optum (A Part Of Unitedhealth Group), Curemd, Hst Pathways, Surgical Information Systems, Llc, Wrs Health, Davlong Business Solutions, Compulink Healthcare Solutions, Amblitel, and Drchrono among others.
The study analyses Asia Pacific ambulatory surgical centers market based on product and services, components, specialty, and country. Ambulatory surgical centers market by product and services is segmented into clinical IT solutions, non-clinical healthcare IT solutions, and HCIT outsourcing services. The clinical IT solutions segment is likely to dominate the market. By components, the market is segmented into services, software, and hardware. Based on specialty, the market is segmented into single specialty and multi-specialty. The multi-specialty segment is likely to register fastest growth in years to come. Country wise, the study is comprised of the key countries China, India, Japan and rest of the Asia Pacific.
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