Ambulatory Surgical Centers IT Services Market - Forecast(2021 - 2026)

Report Code: HCR 1375 Report Format: PDF + Excel (Delivery in 48 Hrs)

Ambulatory Surgical Centers IT Services Market Overview

Ambulatory Surgical Centers IT Services Market size in 2019 is estimated to be $2.8 billion, growing at a CAGR of 19.8% during the forecast period 2020-2025. Ambulatory surgical centers are modern healthcare facilities that provide same-day surgical care, including diagnostic and preventive procedures in a cost-effective way. IT services in ambulatory surgical centers helps to remove error and reduce cost incurred for patient care. Increasing adoption of healthcare IT solutions in ambulatory service centers coupled with rising number of surgeries are the major factors driving the growth of the market. 

Ambulatory Surgical Centers IT Services Market Report Coverage

The report: “Ambulatory Surgical Centers IT Services Market – Forecast (2020-2025)”, by Industry ARC, covers an in-depth analysis of the following segments of the Ambulatory Surgical Centers IT Services Market:
By Service Type: Electronic Health Records (EHR), Ambulatory Practice Management (PM), Revenue Cycle Management, Clinical Documentation, Patient Engagement, Others.
By Solution: Software, Service.
By Delivery Mode: On-Premise, Cloud-Based
By Geography: North America, Europe, Asia-Pacific, and Rest of the World

Key Takeaways

  • In 2019, North America dominates the Ambulatory Surgical Centers IT Services Market owing to high number of ASCs here as well as the increased adoption of IT service in them.
  • Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Ambulatory Surgical Centers IT Services Market report.
  • High cost of healthcare infrastructure to manage IT services and data security issues are challenging the growth of the market. 

Ambulatory Surgical Centers IT Services Market Segment Analysis - By Service Type

Based on the Service Type, Ambulatory Surgical Centers IT Services Market is segmented into Electronic Health Records (EHR), Ambulatory Practice Management (PM), Revenue Cycle Management, Clinical Documentation, Patient Engagement, Others. The clinical documentation segment is forecast to be the fastest-growing segment with a CAGR of 18.3% during the forecast period 2020-2025. This is mainly owing to its advantage of reducing cost and errors. The growing demand for better methods to access and improve accuracy of documentation of patient clinical information are contributing to the growth of this segment.

Ambulatory Surgical Centers IT Services Market Segment Analysis - By Solution

Based on the Solution, Ambulatory Surgical Centers IT Services Market is segmented into Software, Service. The software solution is projected to be the fastest-growing in the Ambulatory Surgical Centers IT Services market. This is mainly owing to rising demand of Software as a Service (SaaS) in the healthcare industry owing to its affordability. Moreover, technological advancement in software is also contributing to the growth of this segment.

Ambulatory Surgical Centers IT Services Market Segment Analysis - By Geography

North America dominated the Ambulatory Surgical Centers IT Services market share accounting for 45% of the market in 2019. This is mainly owing to increasing adoption of healthcare IT services coupled with increased number of ambulatory surgical centers here. Higher preference of ASCs by the population here are also contributing to this dominance.
However, the Asia-Pacific region is projected to be the fastest-growing during the forecast period 2020-2025. This is owing to increasing number of surgeries coupled with technological advancement and increased adoption of IT services by surgical centers. Healthcare spending has also increased in these countries contributing to the growth of IT services in such healthcare industries.

Ambulatory Surgical Centers IT Services Market Drivers

Increasing Adoption of IT Healthcare solutions

Increasing adoption of healthcare IT solutions such as Ambulatory Practice Management (PM), Revenue Cycle Management, Clinical Documentation for better performance and management are some factors driving the growth of Ambulatory Surgical Centers IT Services market. These IT services increase the efficiency of functioning in ASCs and reduce costs.

Growing number of surgeries

Growing number of surgeries has influenced demand for healthcare IT service as it helps ambulatory surgical services to control healthcare cost and improve management by reducing errors, thereby driving the growth of the market. 

Ambulatory Surgical Centers IT Services Market Challenges

High cost of healthcare infrastructure to manage IT services are challenging the growth of the market. Moreover, rising concern of data security on these IT services are restraining the market growth during the forecast period 2020-2025.

Ambulatory Surgical Centers IT Services Industry Outlook

Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Ambulatory Surgical Centers IT Services Market. Ambulatory Surgical Centers IT Services top 10 companies are NextGen Healthcare, Cerner Corporation, McKesson Corporation, Athenahealth, EMIS Health, HST Pathways, Optum, Medical Information Technology, Inc., MEDITECH, Epic Systems Corporation

Acquisitions/Product Launches:

  • In December 2018, NextGen Healthcare has launched a cloud-based data aggregation platform, Health Data Hub. This technology meets the needs for interoperability and seamless information sharing for healthcare networks.
  • In October 2019, Cerner Corporation has acquired AbleVets—a strategic IT consulting and engineering firm.

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1. Ambulatory Surgical Centers IT Services Market Overview
    1.1 Definitions and Scope
2. Ambulatory Surgical Centers IT Services Market - Executive Summary
    2.1 Market Size and Key Trends 
    2.2 Key trends by Service Type
    2.3 Key trends by Solution 
    2.4 Key trends by Delivery Mode
    2.5 Key trends by Geography
3. Ambulatory Surgical Centers IT Services Market Landscape
    3.1 Market Share Analysis- Key Companies
    3.2 Service Benchmarking- Key Companies
    3.3 Financial Analysis - Key Companies
    3.4 Patent Analysis 
    3.5 Pricing Analysis
4. Ambulatory Surgical Centers IT Services Market - Startup companies Scenario Premium Premium
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Ambulatory Surgical Centers IT Services  Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. Ambulatory Surgical Centers IT Services  Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes 
7. Ambulatory Surgical Centers IT Services  Market - Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3  Market Life Cycle
8. Ambulatory Surgical Centers IT Services  Market – By Service Type(Market Size -$Million/$Billion)
    8.1 Electronic Health Records (EHR),
    8.2 Ambulatory Practice Management (PM)
    8.3 Revenue Cycle Management
    8.4 Clinical Documentation
    8.5 Patient Engagement
    8.6 Others
9. Ambulatory Surgical Centers IT Services  Market – By Solution(Market Size -$Million/$Billion)
    9.1 Software
    9.2 Service
10. Ambulatory Surgical Centers IT Services  Market – By Delivery Mode (Market Size -$Million/$Billion)
    10.1 On-Premise
    10.2 Cloud-Based
11. Ambulatory Surgical Centers IT Services  Market- By Geography (Market Size -$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K.
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 South Korea
        11.3.4 India
        11.3.5 Australia & New Zealand
        11.3.6 Rest of Asia-Pacific
    11.4 Rest of the World
        11.4.1 Middle East
        11.4.2 Africa
        11.4.3 South America
12. Ambulatory Surgical Centers IT Services  Market – Entropy
13. Ambulatory Surgical Centers IT Services  Market - Industry / Segment Competition landscape Premium Premium
    13.1 Market Share Analysis
        13.1.1 Market Share by Country- Key companies
        13.1.2 Market Share by Region- Key companies
        13.1.3 Market Share at Global Level- Key companies
        13.1.4 Best Practices for Companies
14. Ambulatory Surgical Centers IT Services  Market- Key Company List by Country Premium Premium
15. Ambulatory Surgical Centers IT Services  Market Company Analysis
    15.1 Company Revenue, Product/Service, M&A, Developments
    15.2 Company 1
    15.3 Company 2
    15.4 Company 3
    15.5 Company 4
    15.6 Company 5
    15.7 Company 6
    15.8 Company 7
    15.9 Company 8
    15.10 Company 9
    15.11 Company 10
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