Europe Ambulatory Surgical and Emergency Center Services Market Profits from Growing Accessibility and Affordability
A research report by Transparency Market Research states that the Europe ambulatory surgical and emergency center services market is expected to be worth US$42.8 bn by the end of 2020. This sharp ascent at a CAGR Of 13.0% between 2014 and 2020 from US$18.5 bn in 2013 is attributable to the booming demand for medical assistance amongst geriatrics across Europe. This demand is characterized by a significant rise in the geriatric population, who require regular medical help for a range of diseases and disorders. Ambulatory surgeries often provide diagnostic or surgical intervention for conditions such as cataract, hernia, and other age-pertinent health issues. The key advantage of these services is that they reduce hospital stay for the patients, thereby making it a cost-efficient solution for many.
Q. What the types of services offered by the ambulatory surgical and emergency center services in Europe?
A. The types of procedures performed under the ambulatory surgical and emergency centers across Europe are ENT surgeries, ophthalmological surgeries, gastrointestinal surgeries, urological surgeries, vascular surgeries, pulmonary surgeries, and general surgeries. These services also offer solutions for pain management. The orthopedic surgeries segment holds a dominant share in the overall market due to a high prevalence of orthopedic emergencies amongst the aged. Furthermore, the high cost of orthopedic surgeries and the increasing incidence of arthroscopic procedures is also encouraging end users to opt for ambulatory surgeries. The increasing preference for minimally invasive procedures is also expected to keep the sentiment in the market at a significant high during the forecast period.
Q. What are future prospects for these services?
A. Analysts predict that ophthalmological surgeries will pick up momentum during the forecast period. The growing number of diabetics who will raise the possibilities diabetic retinopathy will play a crucial role in augmenting the demand for ophthalmology services through ambulatory surgical and emergency center services. The high prevalence of cataract is also expected to drive the global market in the coming years. The segment’s growth will also be aided by the advancements in ophthalmology ambulatory surgical procedures.
Q. Who are the important companies offering these ambulatory surgical procedures or services?
A. The key players operating in the Europe ambulatory surgical and emergency center services market are Eifelhoehen-Klinik AG, IntegraMed America, Inc., Community Health Systems, Inc., Nueterra Healthcare, Terveystalo Healthcare Oyj, Symbion, Inc., AmSurg Corporation, Surgery Partners, Medical Facilities Corporation, and Healthway Medical Corporation Ltd. Presently, Medical Facilities Corporation, Community Health Systems, Inc., and Healthway Medical Corporation Ltd. hold a lion’s share in the market. The leading players are expected to focus on expansion to garner bigger clientele and presence in the global market. For instance, Community Health Systems, Inc. expanded to New Jersey, Alaska, and California in 2012, which has reaped significant benefits over the past few years.
Accessible locations, easy scheduling of appoints, and quick turnaround time are some of the factors that will continue to drive the overall market. Companies must also focus on strategic merger and acquisitions to strengthen their presence in Europe and overseas. Additionally, growing usage of outpatient departments will also favor market growth in the coming years, predict researchers.