According to a new market report published by Transparency Market Research “Europe Ambulatory Surgical & Emergency Center Services Market – Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020” the Europe ambulatory surgical and emergency center market was valued at USD 18.5 billion in 2013 and is expected to reach USD 42.8 billion by 2020, growing at a CAGR of 13.0% from 2014 to 2020.
Ambulatory surgery refers to planned diagnostic intervention that can be performed on a daily basis. The market of Europe ambulatory surgical and emergency center comprises different types of surgical procedures such as ophthalmology, pain management, gastrointestinal, orthopedic, dermatology, urology, obstetrics and vascular that can be done on ambulatory basis. The ambulatory surgery market in Europe is driven by factors such as rising geriatric population coupled with increasing incidences of cataract, varicose vein, hernia, illegal abortions and others. According to the 2013 European Commission report, around 17.8% of the European population were aged 65 years and above in 2012. The organization also stated that the percentage of aging population is expected to reach around 29.9% by 2050. Thereby, rising burden of cataract, hernia and other problems are also likely to increase with aging population which would boost the market of ambulatory surgical and emergency center services. Introduction of new technologies and growing penetration of minimally invasive surgeries will further stimulate the European ambulatory surgery market. Advancement in operative techniques and surgical instruments would enable more complex surgeries such as disc operation, retinal detachment, pars plana vitrectomy and others to be performed under ambulatory basis and hence would drive the market growth. These all factors collectively propel the need of ambulatory surgical services during the forecast period. However, lack of proper ambulatory facilities and unfavorable reimbursement schemes for ambulatory services would restrain the market growth in Europe.
The market of Europe ambulatory surgical and emergency analyzes both segments (i.e. types of procedures and geography) in terms of market revenue (USD Million) and market volume (number of procedures). The orthopedic surgeries segment accounted for the largest market share in 2013 owing to high cost of surgeries compared to other ambulatory surgeries. However, ophthalmology segment recorded the highest CAGR (in terms of market revenue) and highest number of procedures in terms of market volume. The high growth of ophthalmology surgery is attributed to growing number of ophthalmology surgeries coupled with rising incidences of vision problems such as cataract, diabetic retinopathy, glaucoma and others. For example, the Organisation for Economic Co-operation and Development (OECD) stated that the number of day surgeries performed for cataract is continuously increasing in Europe.
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Geographically, Europe ambulatory surgical and emergency center services market is segmented as the U.K., Germany, France, Italy, Spain, Belgium and Rest of the Europe. The U.K. ambulatory surgical and emergency center market accounted for the largest share owing to rising government initiatives to promote ambulatory surgeries coupled with advancement in ambulatory surgical techniques. However, Rest of the Europe (RoE) recorded the highest number of ambulatory surgeries performed in 2013. Low cost for ambulatory surgeries as compared to other European countries coupled with rising trend of ambulatory surgeries in countries such as Netherlands, Sweden and others helps RoE to record high number of ambulatory surgical procedures.
The market of Europe ambulatory surgical and emergency center services is majorly dominated by government hospitals. However, due to immense growth potential in this industry, private sector hospitals are expected to grow consistently in the near future. The key players having presence in the ambulatory surgical & emergency center services market include AmSurg Corporation, LCA – Vision, Inc., Symbion, Inc., Terveystalo Healthcare Oyj, Medical Facilities Corporation, Healthway Medical Corporation Ltd., Eifelhoehen-Klinik AG, Community Health Systems, Inc. and others.
The Europe ambulatory surgical and emergency center services market is segmented as follows:
Europe Ambulatory Surgical and Emergency Center Services Market, by Types of Procedures
- Pain Management
- General Surgery
Europe Ambulatory Surgical and Emergency Center Services Market, by Country
- Rest of the Europe (RoE)