The extreme convenience offered by ambulatory surgical and emergency center services is the prime reason for the growth of this sector. Ambulatory surgery services centers or outpatient surgery centers are the ones that operate and discharge the patient on the same day. The reason that the Europe ambulatory surgical and emergency center services market is gaining ground is due to the safety, cost-effectiveness, quality, and time-saving approach it offers. Additionally, the fact that doctors can perform multiple surgeries in the same day is also fueling the Europe ambulatory surgical and emergency center services market. Advancement in ambulatory surgical procedures, such as minimally invasive laparoscopic procedures, has opened up a huge market for hysterectomy and gallbladder surgeries.
Despite such strong market drivers, the Europe ambulatory surgical and emergency center services market faces certain challenges. The biggest hurdle in the way of its growth is a paucity of medical facilities and cumbersome reimbursement policies for inpatient procedures. Here we take a look at the various components of the Europe ambulatory surgical and emergency center services market, the growth therein, and find out some information about some of the key players in this market.
Europe Ambulatory Surgical and Emergency Center Services Market Segmentation
The Europe ambulatory surgical and emergency center services market has been divided on the basis of types of procedures and countries. On the basis of procedures, the Europe ambulatory surgical and emergency center services market is divided into gastrointestinal, orthopedics, dermatology, ENT, ophthalmology, pain management, urology, general surgery, vascular, obstetrics, and pulmonary segments. Geographically, the Europe ambulatory surgical and emergency center services market is segmented into Germany, France, Belgium, Spain, U.K., Italy, and Rest of Europe.
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Out of all the procedures, the orthopedic surgeries segment holds the biggest market share due to the exceedingly high cost of procedure, in addition to rising incidences of arthroscopic procedures. However, in the coming five years the ophthalmology segment is expected to grow at the fastest rate due to an increase in the number of ophthalmology procedures. As the need for ophthalmology procedures continues to increase due to the growing number of cataract operations, diabetic retinopathy, and other such surgeries, the ophthalmology segment is promising a steady growth. This growth will also be encouraged by convenient ophthalmology ambulatory surgical procedures, growing geriatric population, and more and more ophthalmologists opting for minimally invasive surgeries.
Geographically, the country dominating the Europe ambulatory surgical and emergency center services market is U.K. The big market share can be attributed to several initiatives taken by the government of the U.K. and also by the country’s medical associations to encourage ambulatory services. In November 2014, the British Association of Day Surgery and Healthcare Conferences UK (HCUK) organized “Improving Quality in Day Surgery”, an event that aims at opening discussions about setting better surgery standards for patients in Germany and the U.K. As for the Rest of Europe, analysts predict that it will register positive growth till 2020. Additionally, as daytime surgeries continue to be on the rise in countries such as Netherlands, Denmark, Sweden, and other such places, the Rest of Europe segment will catch up with the leading geographical segments soon.
Major Players in the Market
Some of the key players in the Europe ambulatory surgical and emergency center services market are AmSurg Corporation, IntegraMed America, Inc., Terveystalo Healthcare Oyj, Symbion, Inc., Nueterra Healthcare, Eifelhoehen-Klinik AG, Medical Facilities Corporation, Surgery Partners, Community Health Systems, Inc., and Healthway Medical Corporation Ltd.
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The Europe ambulatory surgical and emergency center market was valued at US$18.5 billion in 2013 and is expected to reach US$42.8 billion by 2020, growing at a CAGR of 13.0% from 2014 to 2020. The developments of the aforementioned market players will help this market reach the estimated heights in the coming five years.