Ambulatory Surgical Centers IT Services Market size was over USD 6.1 billion in 2023 and is projected to reach USD 88.1 billion by the end of 2036, growing at around 24.9% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of ambulatory surgical centers IT services is assessed at USD 7.4 billion.
The ambulatory surgical centers IT services market growth is primarily driven by the global demand for telehealth and telemedicine. The National Library of Health 2022 published a report estimating that the percentage of physicians who had actively used telemedicine had surpassed 40%. Accredited to this, ambulatory surgical IT centers are quickly owing to their affordability, convenience, and ability to provide specialized care. Telemedicine leverages EHR to find best practices for delivering healthcare that is equitable, safe, and of high quality. Furthermore, telemedicine in ambulatory care adoption was triggered by the onset of the COVID-19 pandemic in 2020. Ambulatory surgical centers play a pivotal role in averting emergency department visits and inpatient hospitalizations and improving patient outcomes.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
24.9% |
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Base Year Market Size (2023) |
USD 6.1 billion |
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Forecast Year Market Size (2036) |
USD 88.1 billion |
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Regional Scope |
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Service (EHR, Clinical Documentation, Practice Management, Revenue Cycle Management, Supply Chain Management, Patient Engagement)
EHR segment is set to account for more than 28.4% ambulatory surgical centers IT services market share by the end of 2036. Significant growth in the revenue share is driven by the need for various factors such as regular and mandatory technological improvements coupled with the will to provide better operational efficiency and patient care. Based on the data provided by the Office of the National Coordinator for Health Information 2021, nearly 96% of non-federal acute care hospitals and 4 out of 5 office-based physicians constituting 78% had implemented certified electronic health records by 2021. Since 2011, when 28% of hospitals and 34% of physicians had adopted an EHR, there has been a substantial 10-year progress.
Furthermore, in the ASC IT services sector, EHR systems are required for enhancing clinical workflows, streamlining documentation processes, and fostering provider communication. These systems automate and streamline several clinical procedures in ASCs, such as post-operative care, patient registration, intraoperative recording, pre-operative assessments, and billing. This generates a vast amount of data that can be utilized for clinical decision-making, performance monitoring, and quality improvement initiatives. Growth in this sector will fuel the laboratory information management systems market value in the near future.
Solution (Service, Software)
The service segment in the ambulatory surgical centers IT services market is set to be the fastest-growing segment with a staggering CAGR during the forecast period. The market for IT services for ASCs typically comprises a range of goods and services that are tailored to meet the particular technological needs of ASCs. In the context of ambulatory surgery, these services aim to improve operational effectiveness, streamline workflows, ensure regulatory compliance, and improve patient care. providing extensive training programs to ASC staff members to ensure their proficiency with IT tools. This could entail online learning, in-person instruction, and teaching materials.
Moreover, the software segment in the ambulatory surgical centers IT services market is also expected to witness lucrative growth by the end of the forecast period. This growth is propelled by their easy installation which allows professionals to easily manage financial administrative, as well as clinical workflows. Hospitals, providers, and health systems use them to improve patient satisfaction and care quality. Software is used by small and medium-sized medical offices to automate and streamline business-related processes. Additionally, in July 2024, the Agency for Healthcare Research and Quality (AHRQ) stated that patient satisfaction is taken into consideration in various value-based care compensation models, such as the Inpatient Prospective Payment System (IPPS).
Our in-depth analysis of the ambulatory surgical centers IT services market includes the following segments:
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Service |
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Solution |
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Deployment Mode |
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North America Market Statistics
The ambulatory surgical centers IT services market in North America is projected to hold the largest size of USD 3.46 billion during the forecast period. This is ascribed to rising patient awareness and digital literacy as well as technological developments in the healthcare industry. According to a report by Research Nester in 2022, in the US, 74% of consumers said they would use telemedicine. This will propel the demand for optimal storage and management of their data and demands ASCs IT services in the forecast period.
In the U.S., ambulatory surgical centers IT services help manage patient records, insurance information, billing, appointment scheduling, and other aspects of the healthcare industry. According to a survey done by Research Nester in 2021, about 61% of respondents wish to have access to their medical records via an online patient portal or mobile apps from their EHR providers. The gain in this sector will augment the virtual care & healthcare delivery market value in the near future.
Government funding in Canada will change the adoption of ASC IT services by healthcare providers. For instance, Canadian Medica Association Journal 2023, stated that with USD 46.2 billion in additional funding, Prime Minister Justin Trudeau pledged to increase health care funding to the provinces by USD 196.1 billion over ten years.
APAC Market Analysis
Asia Pacific will also encounter huge growth in the ambulatory surgical centers IT services market share during the forecast period with a notable size and will account for the second position. The rapid population growth and increasing cardiovascular diseases, chronic diseases, and gastrointestinal disorders are influenced to act as a growth factor for ASC in this region. American College of Cardiology in 2021 stated that Asia saw an increase in CVD deaths from 5.6 million in 1990 to 10.8 million in 2019. Nearly 39% of these deaths from CVD occurred in people under the age of 70, compared to the U.S., where the percentage of premature CVD deaths was 23%.
There is a surging demand for high-quality healthcare in China owing to the increasing geriatric population. The National Institute of Health 2023 estimated that health expenditures constitute about 6.5% of China’s GDP. While the number of hospitals in China witnessed a growth rate of 193.4% from 2011 to 2021.
In Japan, the demand for healthcare IT companies is increasing led by the growing economic conditions in this country. International Trade Administration 2022, predicted that by 2025, the telemedicine market in Japan is observed to grow from USD 243 to USD 404.5 million between 2020 and 2025.
The ambulatory surgical centers IT services market growth is predicted to grow, impelled by the key companies occupying a lucrative share. Most of these players are continuously engaged in collaborations, M&A, and R&D to strengthen their market position. With the increasing presence of chronic diseases, various companies are adapting to the latest trends and are set to be the major key players in this sector.
Some of the key players include in the ambulatory surgical centers IT services market:
Author Credits: Radhika Pawar
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