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Pages: 250 |
Aug 2023 |
Gastroenterology Ambulatory Surgery Center Market Overview
A gastroenterology ambulatory surgery Center is a specialized healthcare facility focusing on diagnosing, treating, and managing gastrointestinal-related problems. It also provides treatment to a patient for surgical procedures and interventions for patients with various digestive system conditions.
Gastroenterology surgery focuses on the health of the patient’s digestive system such as the oesophagus, stomach, liver, gallbladder, pancreas, intestines, and rectum The team of gastroenterology surgery medical professionals is trained in diagnosing and treating a variety of disorders related to the digestive system of a human being. Patients in a gastrointestinal surgery Center receive full treatment for a variety of digestive illnesses, including ulcers, gallstones, hernias, inflammatory bowel disease, and some kinds of cancer which affect the digestive tract. The facility provides both diagnostic services, such as endoscopies and colonoscopies, and surgical treatments, such as minimally invasive procedures and major operations. A gastrointestinal surgical Center’s major purpose is to give patients with speedy, effective, and a specialized treatment for their digestive health requirements. These places frequently offer different operating rooms and recovery spaces for gastrointestinal procedures. These clinics' medical team work closely with patients, giving customized treatment programs, and ensuring that all elements of their care, from pre-operative exams to post-operative follow-up, are handled.
Global Gastroenterology Ambulatory Surgery Center Market Analysis
The global gastroenterology ambulatory surgery Center market size was $26.94 billion in 2022 and is predicted to grow at a CAGR of 8.0%, by generating a revenue of $56.7 billion by 2032.
COVID-19 Impact on Global Gastroenterology Ambulatory Surgery Center Market
One of the major impacts of COVID-19 on these surgery Centers was a decrease in the number of procedures being performed. Many non-urgent or elective surgeries were postponed or cancelled to prioritize resources for COVID-19 patients and to minimize the risk of virus transmission. This has resulted in a decline in patient visits and a reduction in revenue for the surgery Centers. Additionally, the implementation of infection control measures and social distancing protocols required significant adjustments in the way these Centers operate. Strict hygiene practices, such as increased sterilization of equipment and facilities, became necessary to ensure the safety of patients and staff. This increased the workload for healthcare providers and added extra costs for acquiring personal protective equipment. Another challenge faced by gastroenterology surgery Centers was the shortage of healthcare personnel. Furthermore, the pandemic also resulted in delays in the identification and treatment of gastrointestinal diseases, which may have a long-term impact on patient’s health.
To adapt to these challenges in the post-Covid era, gastroenterology surgery Centers have implemented telemedicine services where possible. This allows healthcare providers to conduct virtual consultations and provide advice remotely, reducing the need for in-person visits. It has helped to address some of the limitations imposed by the pandemic and ensured continuity of care for patients.
Cost-Effectiveness of Gastroenterology Ambulatory Surgery Centers to Drive Market Growth
The rising demand for ambulatory surgeries is one of the primary drivers of gastroenterology. Many gastrointestinal procedures, such as colonoscopies and endoscopies, are now available as outpatient procedures. This trend is being pushed by factors such as convenience, cost-effectiveness, and medical technological improvements that allow for simpler operations. Ambulatory surgery Centers generally have lower costs compared to hospitals, making them an attractive and easy option for patients and insurers alike. By performing procedures in an ASC setting, patients can avoid the higher costs associated with in-patient hospital stays. This cost savings factor is a significant driver for the growth of gastroenterology ASCs. With shorter wait times, gastrointestinal conditions often require timely diagnosis and treatment. ASCs can typically offer shorter wait times for procedures compared to hospitals, where scheduling can be more complex and time-consuming. This prompt access to care is a driving factor for patients who seek timely diagnosis and treatment for their gastrointestinal issues. Gastroenterology ASCs have specialized equipment, staff, and protocols tailored to the specific needs of gastroenterology procedures. This specialized focus allows for efficient and high-quality care, attracting both patients and referring physicians to these Centers. Gastroenterology often stays at the forefront of technological advancements, offering state-of-the-art equipment and procedures and this commitment to innovation can be a driving factor for patients and physicians who seek the latest and most effective treatments for gastrointestinal conditions.
Limited Scope of Procedures to Restrain Market Growth
The limited scope of procedures available in gastroenterology ASCs is expected to be the primary hurdle in the full-fledged growth of the market. This means that certain complex or specialized procedures may not be available at the ASC, requiring patients to seek treatment at a different facility. Because gastroenterologists frequently provide outpatient treatments, it is possible that they may not provide full care for complicated medical disorders. As with any medical facility, there is a risk of infection, although Centers follow strict protocols to minimize it. Ambulatory Centers typically have fixed operating hours and may not be available around the clock. Gastroenterology Centers may have fewer resources and specialized equipment compared to larger hospitals. Insurance coverage limitations in some insurance plans may restrict coverage for procedures performed at ASCs. This can result in higher out-of-pocket costs for patients who choose to receive treatment at a gastroenterology ASC.
Development of Advance Screening Techniques to Drive Excellent Opportunities for Future
Advanced screening techniques, such as enhanced endoscopic imaging methods or robotic-assisted procedures, are anticipated to play a significant role in gastroenterology because they have the potential to improve diagnostic precision and patient treatment options. Specialized gastroenterology ASCs may also find opportunities in offering advanced medical services to address specific gastrointestinal conditions. For example, Centers could focus on providing comprehensive care for patients with inflammatory bowel disease, liver diseases, or gastrointestinal cancers. By developing expertise in these areas, ASCs can attract patients seeking specialized care and establish themselves as Centers of excellence. Collaborating with other healthcare providers, such as primary care physicians, specialists, or hospitals, can create opportunities for gastroenterology ASCs. This collaboration can lead to referral networks, shared resources, and coordinated care for patients. By working together, ASCs can offer seamless and comprehensive care throughout the patient's healthcare journey. Overall, the future of gastroenterology ASCs holds promise with technological advancements, increased utilization of minimally invasive procedures, specialization in specific conditions, collaboration with other healthcare providers, and a focus on patient-Centerd care. By staying abreast of these opportunities and adapting to the changing landscape, gastroenterology ASCs can thrive and continue to provide high-quality care to patients.
Global Gastroenterology Ambulatory Surgery Center Market, by Services, 2022
The diagnostic services sub-segment accounted for the highest market share in 2022. Diagnostic service is the dominant service in gastroenterology Ambulatory Surgery Centers (ASCs) due to several reasons. Firstly, gastroenterology ASCs primarily focus on the evaluation and diagnosis of gastrointestinal disorders and conditions. Diagnostic services play a crucial role in identifying and understanding these conditions accurately. These services include various tests and procedures like endoscopies, colonoscopies, and imaging studies which allow physicians to visualize and examine the gastrointestinal tract and identify abnormalities to make an accurate diagnosis. Secondly, diagnostic services help in determining the severity and depth of digestive problems; they give important information about the nature of the disease, how it progresses, and the best method of treatment. The accurate evaluation provided through these services assists physicians in designing successful treatment programs suited to each patient's individual needs. They enable physicians to evaluate the effectiveness of treatment interventions and make necessary adjustments if required. Regular monitoring through diagnostic services ensures that patients receive the best possible care and achieve optimal health outcomes.
Global Gastroenterology Ambulatory Surgery Center Market, by Ownership, 2022
The freestanding sub-segment accounted for the highest market share in 2022. Freestanding ownership has become dominant in gastroenterology ambulatory surgery Centers for several reasons. Firstly, freestanding Centers are independent facilities focusing solely on outpatient gastrointestinal procedures. This specialization allows them to offer a more streamlined and efficient patient experience and deliver high-quality care tailored specifically to gastroenterology needs. Secondly, freestanding Centers often have lower overhead costs compared to hospital-owned Centers. They can operate with a leaner infrastructure and fewer administrative burdens, enabling them to offer competitive pricing and potentially attract more patients. This cost advantage can also translate into increased profitability for the Center. Moreover, freestanding Centers have the flexibility to adapt and respond quickly to changes in the healthcare industry. They can implement new technologies, adopt innovative practices, and make operational decisions without being tied to the larger bureaucracy of a hospital system. This agility allows them to stay at the forefront of advancements in gastroenterological care and maintain a competitive edge.
Global Gastroenterology Ambulatory Surgery Center Market Share, by Region, 2022
The North America gastroenterology ambulatory surgery Center market accounted for the largest share of the market in 2022. North America is regarded as the dominant area for gastroenterology Ambulatory Surgery Centers (ASCs) due to several significant considerations. To begin with North America has a well-established healthcare system with modern medical infrastructure and technology, allowing the area to deliver high-quality healthcare services, such as gastrointestinal operations, in a safe and efficient manner. Furthermore, North America places a strong emphasis on expertise in the healthcare business and gastroenterology is recognized as a unique medical specialty in the region. Because of this specialization, specialist ASCs that cater solely to gastrointestinal operations have emerged, guaranteeing that patients receive specialized care and knowledge.
Competitive Scenario in the Global Gastroenterology Ambulatory Surgery Center Market
Product development and geographic expansion are major forces functioning in the highly competitive global gastroenterology ambulatory surgery center market. For instance, in October 2021, Gastro Health announced the continuation to expand its presence in the state of Ohio through its newly announced partnership with Gastro-intestinal Associates Inc.
Some of the top leading companies of the market are Alfa Surgery Center, LLC, Becton, Dickison and Company, Hill-Rom Holdings, GE Healthcare, Koninklijke Philips N.V, Medtronic, Gastro Health LLC, Ohio Gastroenterology Group Inc, Ontario Advanced Surgery Center, and Universal Health Services Inc.
Aspect | Particular |
Historical Market Estimations | 2020-2022 |
Base Year for Market Estimation | 2022 |
Forecast Timeline for Market Projection | 2023-2032 |
Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
Segmentation by Services |
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Segmentation by Ownership |
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Key Companies Profiled |
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