The Europe, Middle East, and Africa ambulatory surgery centers (ASCs) market is projected to witness a healthy growth during the forecast period (2016–2022). As the healthcare industry continues to focus on lowering costs and enhancing quality, this changing healthcare environment is likely to create ample opportunities for ambulatory surgery centers (ASCs) to flourish.
ASCs offer improved patient quality and care, while also reducing healthcare costs. With hospitals increasingly facing challenges such as budgetary issues, inefficient operating room turnovers, and limited operating room capacities. Increasing shift of surgical procedures to outpatient settings with improvements in medical technologies is expected to provide a fillip to the market.
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Moreover, growing incidence of chronic disorders can play a positive role in the growth of the market. Spiraling cases of cardiovascular diseases and other chronic conditions will rev up the adoption of minimally invasive techniques such as radiofrequency ablation devices. This is estimated to support the growth of the market as ASCs utilize endoscopic procedures and surgical robots to augment the precision and ability of surgeons who perform minimally invasive procedures. Introduction of advanced surgical tools will also propel the market. To put this in perspective, in September 2017, Medtronic launched StealthStation, a surgical navigation system for ENT procedures. It is a CE-certified system that also offers virtual endoscopy service.
Favorable reforms in healthcare can drive the market. However, lack of reimbursement policies in several countries can hamper growth prospects. Furthermore, stringent government regulations are anticipated to impede the upward climb of the market. Lack of skilled doctors and staff can also limit the market from realizing its utmost potential. On the other hand, rising awareness regarding the benefits of ambulatory surgery centers, especially in emerging economies, can allow the market to gain significant traction in coming years.
The EMEA ambulatory surgery centers market is segmented on the basis of product, applications, and region. Based on product, the market is divided into single-specialty centers and multi-specialty centers. The demand for multi-specialty centers is poised to remain high throughout the forecast horizon. In terms of applications, pain management, orthopedics, gastroenterology, and ophthalmology.
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From the geographical standpoint, the market is classified into Europe, Middle East, and Africa. Markets analyzed in Europe are France, Russia, U.K., Italy, Germany, and Benelux. Similarly, Middle East can be further categorized into U.A.E, Israel, Iran, and Suadi Arabia; Africa can be further fragmented into Nigeria, Algeria, South Africa, and Egypt.
Europe is anticipated to account for a sizeable share in the market throughout the same period. The growth of the region can be attributed to increasing incidence of chronic diseases. Healthcare reforms and growing population of geriatrics can also work in the favor of the region. Rising number of cases of eye disorders along with the increased adoption of laser eye surgeries performed in ASCs is expected to contribute to the growth of the region. The primary factor stoking the growth of the market in Middle East is increasing investments in ASCs. In Africa, improving healthcare infrastructure can benefit the market.
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