The main types of ambulatory surgical center IT services include Electronic Health Records (EHR), clinical documentation, practice management, revenue cycle management, supply chain management, patient engagement, and other service types. EHR involves the collection of electronic health information for and about individuals. Ambulatory surgical center IT solutions encompass both software and services. The delivery modes for ambulatory surgical center IT services include on-premise and cloud-based solutions.
The ambulatory surgical centres IT services market research report is one of a series of new reports that provides ambulatory surgical centres IT services market statistics, including ambulatory surgical centres IT services industry global market size, regional shares, competitors with an ambulatory surgical centres IT services market share, detailed ambulatory surgical centres IT services market segments, market trends and opportunities, and any further data you may need to thrive in the ambulatory surgical centres IT services industry. This ambulatory surgical center IT services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The ambulatory surgical centers it services market size has grown exponentially in recent years. It will grow from $7.24 billion in 2023 to $8.7 billion in 2024 at a compound annual growth rate (CAGR) of 20.1%. The observed growth in the historical period can be attributed to several factors, including the transition to electronic health records (EHR), compliance with regulatory requirements and reporting, improvements in patient data security, an increased focus on patient engagement, and the adoption of cloud-based solutions in ambulatory surgical centers' IT.
The ambulatory surgical centers it services market size is expected to see rapid growth in the next few years. It will grow to $17.19 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The anticipated growth in the forecast period can be attributed to various factors, including advancements in interoperability and health information exchange (HIE), enhancements in cybersecurity, updates in regulatory compliance, and the use of data analytics for operational and clinical insights in ambulatory surgical centers' IT. Key trends expected in the forecast period include the adoption of remote monitoring solutions, an increased focus on staff training and support, the integration of advanced diagnostic technologies, initiatives in population health management, the utilization of cloud-based solutions for flexibility, and the expansion of telehealth services.
The burgeoning prevalence of chronic diseases across both developed and developing economies is expected to be a significant driver propelling the growth of the ambulatory surgical center IT services market. Chronic diseases, characterized by lasting one year or more and requiring continual medical attention, have seen a notable rise. Notably, a January 2023 report by the US-based National Library of Medicine, an entity operated by the federal government, projects a staggering 99.5% increase (reaching 142.66 million) in the number of individuals aged 50 and older in the USA with at least one chronic condition by 2050. This escalating burden of chronic diseases acts as a primary impetus fueling the expansion of the ambulatory surgical center IT services market.
The escalating healthcare expenditure globally is forecasted to significantly drive growth within the ambulatory surgical centers IT services market. Healthcare expenditure encapsulates the financial outlay dedicated to medical care, encompassing areas like public and private health insurance, medical research, and public health initiatives. The amplified healthcare spending often correlates with increased funding directed towards medical research and development. As evidenced in an October 2022 survey conducted by Willis Towers Watson Public Limited Company, a UK insurance services company, healthcare benefit costs surged from 8.2% in 2021 to 8.8% in 2022, with an anticipated further increase to a global average of 10% in 2023. This heightened healthcare expenditure trajectory serves as a driving force propelling growth in the ambulatory surgical centers IT services market during the forecast period.
A notable trend gaining traction within the ambulatory surgical center IT services market is the advancement in healthcare IT solutions. Major entities operating in this domain are steadfastly concentrating on developing innovative technological solutions to bolster their market standing. An exemplar is the July 2022 launch of a robotic-assisted surgery program by the Southeastern Spine Institute, a US-based healthcare company specializing in ambulatory surgical centers. This program harnesses cutting-edge technology, offering tailored treatment options for patients while significantly augmenting clinical outcomes. These advancements in healthcare IT represent a pivotal trend driving the evolution and expansion of services within the ambulatory surgical center landscape.
Prominent entities within the ambulatory surgical center IT services market are strategically pursuing expansions through collaborative efforts aimed at automating operations and integrating artificial intelligence (AI) into insurance verification and authorization processes. These strategic collaborations involve leveraging the strengths and resources of partnering companies to attain mutual advantages and drive success. An illustrative instance is the May 2023 partnership between Gramercy Surgery Center, a US-based multispecialty medical clinic, and Infinitus Systems, Inc., a US-based company specializing in robotic process automation tools within the healthcare industry. Gramercy opted to engage Infinitus Systems to automate labor-intensive and time-consuming procedures related to insurance verification and prior authorization across its diverse care facilities. This collaboration is geared toward streamlining operational processes, expanding call handling capabilities, and ultimately enhancing the patient experience by ensuring a smoother, more efficient journey through healthcare procedures.
In December 2021, Tenet Healthcare, a prominent US-based healthcare company, made a significant acquisition by purchasing SurgCenter Development's ambulatory surgical center business for $1.2 billion. SurgCenter Development, a US-based healthcare provider specializing in ambulatory surgical centers, comprises a portfolio that includes a controlling interest in 92 such centers. This strategic acquisition by Tenet Healthcare marks a substantial move aimed at expanding its presence and capabilities within the ambulatory surgical center landscape, solidifying its position in the market segment.
Major companies operating in the in the ambulatory surgical centers it services market report are Cerner Corporation, McKesson Corporation, Medical Information Technology Inc., Surgical Information Systems LLC, eClinicalWorks LLC, Allscripts Healthcare Solutions Inc., NextGen Healthcare Inc., HST Pathways, CureMD Corporation, Epic Systems Corporation, Athenahealth Inc., Optum Inc., Quatris Health Co., AmSurg Corp., Greenway Health LLC, AdvancedMD Inc., Modernizing Medicine Inc., Kareo Inc., Medsphere Systems Corporation, NueMD, Practice Fusion Inc., PrognoCIS, Virence Health Technologies, WRS Health, Advanced Data Systems Corporation, ChartLogic Inc., Compulink Healthcare Solutions, DrChrono Inc., Nextech Systems LLC, eMDs Inc.
North America was the largest region in the ambulatory surgical centre IT services market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ambulatory surgical centers it services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the ambulatory surgical centers it services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.
The ambulatory surgical centers IT market includes revenues earned by entities by providing services including diagnostic and preventative procedures and same-day surgical care. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
Executive Summary
Ambulatory Surgical Centers IT Services Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on ambulatory surgical centers it services market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description:
Where is the largest and fastest growing market for ambulatory surgical centers it services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
- Markets Covered: 1) By Service Type: EHR; Clinical Documentation; Practice Management; Revenue Cycle Management; Supply Chain Management; Patient Engagement; Other Service Types 2) By Solution: Software; Service 3) By Delivery Mode: On-Premise; Cloud-Based
- Companies Mentioned: Cerner Corporation; McKesson Corporation; Medical Information Technology Inc.; Surgical Information Systems LLC; eClinicalWorks LLC
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Cerner Corporation
- McKesson Corporation
- Medical Information Technology Inc.
- Surgical Information Systems LLC
- eClinicalWorks LLC
- Allscripts Healthcare Solutions Inc.
- NextGen Healthcare Inc.
- HST Pathways
- CureMD Corporation
- Epic Systems Corporation
- Athenahealth Inc.
- Optum Inc.
- Quatris Health Co.
- AmSurg Corp.
- Greenway Health LLC
- AdvancedMD Inc.
- Modernizing Medicine Inc.
- Kareo Inc.
- Medsphere Systems Corporation
- NueMD
- Practice Fusion Inc.
- PrognoCIS
- Virence Health Technologies
- WRS Health
- Advanced Data Systems Corporation
- ChartLogic Inc.
- Compulink Healthcare Solutions
- DrChrono Inc.
- Nextech Systems LLC
- eMDs Inc.