The U.S. orthopedic ambulatory surgery center market size is expected to reach USD 15.0 billion by 2030, expanding at a CAGR of 4.61% over the forecast period. The lower cost of treatment at ambulatory surgery centers (ASC)s compared to the HOPDs and the reduction of the duration of the procedure is expected to boost the market growth. ASCs are substantially faster and are preferred for low-acuity surgeries. As per an article published by International Association for Ambulatory Surgery in 2019, on average, ASCs require around 31.8 fewer minutes to operate on a patient compared to hospital-based outpatient departments.
The preference of orthopedic companies is growing toward the ASCs and many spine and orthopedic device manufacturers have partnered or are developing strategies to partner with ASCs to support and advance the mode of treatment. Companies including Smith+Nephew, Stryker, and Exactech are developing their service lines focused on ASCs and enhancing their technologies to support the performance of ASCs. For instance, in February 2020, Smith+Nephew launched a program dedicated to ASCs for the advancements of outpatient surgery programs. Moreover, the company has launched Positive Connections, an ASC division that aids customers in fulfilling their goals within ASC settings.
The COVID-19 pandemic has significantly impacted the orthopedic ASCs market during the initial period, owing to the postponement of nonurgent orthopedic surgeries and the decline in patient volumes due to stringent guidelines. Post-pandemic patients are shifting from hospital settings to outpatient settings for the treatment of orthopedic conditions, contributing to market growth. Moreover, hospitals are shifting toward acquiring ASCs post-pandemic owing to the shift in patient preference for ASCs due to the fear of exposure to COVID-19 in hospitals. For instance, in November 2021, Tenet Healthcare Corporation and United Surgical Partners International (USPI), its subsidiary, entered into a definitive agreement to acquire 92 ASCs owned by SurgCenter Development (SCD).
The preference of orthopedic companies is growing toward the ASCs and many spine and orthopedic device manufacturers have partnered or are developing strategies to partner with ASCs to support and advance the mode of treatment. Companies including Smith+Nephew, Stryker, and Exactech are developing their service lines focused on ASCs and enhancing their technologies to support the performance of ASCs. For instance, in February 2020, Smith+Nephew launched a program dedicated to ASCs for the advancements of outpatient surgery programs. Moreover, the company has launched Positive Connections, an ASC division that aids customers in fulfilling their goals within ASC settings.
The COVID-19 pandemic has significantly impacted the orthopedic ASCs market during the initial period, owing to the postponement of nonurgent orthopedic surgeries and the decline in patient volumes due to stringent guidelines. Post-pandemic patients are shifting from hospital settings to outpatient settings for the treatment of orthopedic conditions, contributing to market growth. Moreover, hospitals are shifting toward acquiring ASCs post-pandemic owing to the shift in patient preference for ASCs due to the fear of exposure to COVID-19 in hospitals. For instance, in November 2021, Tenet Healthcare Corporation and United Surgical Partners International (USPI), its subsidiary, entered into a definitive agreement to acquire 92 ASCs owned by SurgCenter Development (SCD).
U.S. Orthopedic Ambulatory Surgery Center Market Report Highlights
- In 2022, the fracture repair segment held the largest revenue share due to the increased prevalence of sports injury and easy accessibility to ASCs compared to hospitals
- The knee replacement segment is anticipated to witness significant growth over the forecast period owing to the growing reimbursement policies by the CMS for knee replacement surgeries at the ASCs
- For instance, in January 2020, total knee replacement surgeries performed in an ASC setting became eligible for Medicare reimbursement, which facilitated the shift of patients from hospital settings to ASCs
- The U.S. government is considering the role of these centers as an important aspect of healthcare and is undertaking initiatives to ensure proper reimbursement, fueling market growth. For instance, in November 2022, CMS issued the 2023 final payment rules for HOPDS and ASCs. The CMS finalized a 3.8% update, which is the combination of a 4.1% update of inflation and a reduction in productivity of around 0.3% mandated by the Affordable Care Act
Table of Contents
Chapter 1 Report Scope1.1 Market Segmentation
1.2 Estimates and Forecast Timeline
Chapter 2 Methodology
2.1 Research Methodology
2.1.1 Information procurement
2.1.2 Purchased Database
2.1.3 Internal Database
2.1.4 Secondary Sources
2.1.5 Primary Research
2.1.6 Details of Primary Research
2.2 Information or Data Analysis
2.2.1 Data Analysis Models
2.3 Market Formulation & Validation
2.4 Model Details
2.4.1 Commodity Flow Analysis
2.4.2 Volume Price Analysis
2.5 List of Secondary Sources
2.6 List of Abbreviations
Chapter 3 Objectives
3.1 Objective - 1
3.2 Objective - 2
3.3 Objective - 3
Chapter 4 Executive Summary
4.1 Market Snapshot
4.2 Segment Outlook
4.3 Competitive Landscape
Chapter 5 Market Variables, Trends, & Scope
5.1 Market Lineage Outlook
5.1.1 Parent market outlook
5.2 Market Dynamics
5.2.1 Market driver analysis
5.2.1.1 Lower cost of procedures at orthopedic ASC compared to hospitals
5.2.1.2 Growing number of ASC offering orthopedic services
5.2.1.3 Growing preference of orthopedic device companies for ASC
5.2.2 Market restraint analysis
5.2.2.1 Lack of trained medical staff
5.2.2.2 Stringent regulations for ambulatory surgery centers in the U.S.
5.3 Business Environment Analysis Tools
5.3.1 U.S. orthopedic ambulatory surgery center- Porter’s Five Forces Analysis
5.3.1.1 Competitive rivalry
5.3.1.2 Threat of new entrants
5.3.1.3 Threat of substitutes
5.3.1.4 Bargaining power of suppliers
5.3.1.5 Bargaining power of buyers
5.4 Regulatory Scenario & Reimbursement Outlook
5.4.1 Regulatory Scenario
5.4.2 Reimbursement Scenario
5.5 Penetration & Growth Prospect Mapping, 2022
5.6 Impact of COVID-19: Qualitative Analysis
5.6.1 During the COVID-19 Pandemic
5.6.2 Post-Pandemic Outlook
5.7 Analysis of the Cost Structure and Profitability of Orthopedic ASC
Chapter 6 U.S. Orthopedic Ambulatory Surgery Center Market: Procedure Analysis
6.1 U.S. Orthopedic Ambulatory Surgery Center Procedure Market Share Analysis, 2022 & 2030
6.2 U.S. Orthopedic Ambulatory Surgery Center Procedure Market: Segment Dashboard
6.2.1 Fracture repair
6.2.1.1 Fracture repair market, 2018 - 2030 (USD Million)
6.2.2 Arthroscopy
6.2.2.1 Arthroscopy market, 2018 - 2030 (USD Million)
6.2.3 Hip replacement
6.2.3.1 Hip replacement market, 2018 - 2030 (USD Million)
6.2.4 Knee replacement
6.2.4.1 Knee replacement market, 2018-2030 (USD Million).
6.2.5 Shoulder replacement
6.2.5.1 Shoulder replacement market, 2018 - 2030 (USD Million)
6.2.6 ACL reconstruction
6.2.6.1 ACL reconstruction market, 2018 - 20302018 - 20302018 - 2030 (USD Million)
6.2.7 Foot & ankle
6.2.7.1 Foot & ankle market, 2018 - 2030 (USD Million)
6.2.8 Others
6.2.8.1 Others market, 2018 - 2030 (USD Million)
Chapter 7 Competitive Analysis
7.1 Participant’s Overview
7.2 Financial Performance
7.3 Participant Categorization
7.4 Company Market Position Analysis
7.5 Strategy Mapping
7.5.1 Merger
7.5.2 Acquisition
7.5.3 Regional Expansion
7.6 Companies Profiled
7.6.1 Spectrum Orthopedics
7.6.2 Academy Orthopedics L.L.C.
7.6.3 Upstate Orthopedics Ambulatory Surgery Center
7.6.4 Washington Orthopedic Center
7.6.5 Southern California Orthopedic Institute
7.6.6 ProOrtho
7.6.7 Texas Health Orthopedic Surgery Center
7.6.8 Columbia Orthopedic Surgery Center
7.6.9 Chatham Orthopedic Surgery Center
7.6.10 The Orthopedic Surgery Center Of Arizona
7.6.11 HealthPartners
7.6.12 Specialty Orthopedics
List of Tables
Table 1 List of secondary sources
Table 2 List of abbreviations
Table 3 Standards for coverage for ASCs
Table 4 The average cost paid by the patient for orthopedic surgeries
Table 5 National average cost of orthopedic procedures at ASCs and HOPDs
Table 6 U.S. Orthopedic Ambulatory Surgery Center Cost Structure (%)
Table 7 U.S. Orthopedic Ambulatory Surgery Center: EBITDA Margin Analysis
Table 8 U.S. Orthopedic Ambulatory Surgery Center Market, by Procedure, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 U.S. orthopedic ambulatory surgery center market segmentation
Fig. 2 Market research process
Fig. 3 Information procurement
Fig. 4 Primary research pattern
Fig. 5 Market research approaches
Fig. 6 Value-chain-based sizing & forecasting
Fig. 7 QFD modeling for market share assessment
Fig. 8 Market formulation & validation
Fig. 9 Market snapshot
Fig. 10 Segment outlook
Fig. 11 Competitive landscape
Fig. 12 U.S orthopedic ambulatory surgery center market lineage outlook
Fig. 13 U.S. orthopedic ambulatory surgery center market dynamics
Fig. 14 Market driver relevance analysis (Current & future impact)
Fig. 15 Market restraint relevance analysis (Current & future impact)
Fig. 16 Penetration & growth prospect mapping, 2022
Fig. 17 U.S. orthopedic ambulatory surgery center procedure market share analysis, (USD Million)
Fig. 18 U.S orthopedic ambulatory surgery procedures market: Segment dashboard
Fig. 19 Fracture repair market, 2018 - 2030 (USD Million)
Fig. 20 Arthroscopy market, 2018 - 2030 (USD Million)
Fig. 21 Hip replacement market, 2018 - 2030 (USD Million)
Fig. 22 Knee replacement market, 2018 - 2030 (USD Million)
Fig. 23 Shoulder replacement market, 2018 - 2030 (USD Million)
Fig. 24 ACL reconstruction market, 2018 - 2030 (USD Million)
Fig. 25 Foot & ankle market, 2018 - 2030 (USD Million)
Fig. 26 Others market, 2018 - 2030 (USD Million)
Fig. 27 Market participant categorization
Fig. 28 Company market position analysis
Companies Mentioned
- Spectrum Orthopedics
- Academy Orthopedics L.L.C.
- Upstate Orthopedics Ambulatory Surgery Center
- Washington Orthopedic Center
- Southern California Orthopedic Institute
- ProOrtho
- Texas Health Orthopedic Surgery Center
- Columbia Orthopedic Surgery Center
- Chatham Orthopedic Surgery Center
- The Orthopedic Surgery Center Of Arizona
- HealthPartners
- Specialty Orthopedics
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 85 |
| Published | February 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 10.1 Billion |
| Forecasted Market Value ( USD | $ 15 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | United States |
| No. of Companies Mentioned | 12 |
