Ambulatory Surgical Centers IT Services Market Worth $13.5 Billion By 2027 | Global and Regional Forecast | Grand View Research, Inc.
The global ambulatory surgical centers IT services market size is projected to reach USD 13.5 billion by 2027 and is anticipated to expand at a CAGR of 22.8% over the forecast period, according to a new report by Grand View Research, Inc. The growing need for integrated services that help in improving patient care in Ambulatory Surgical Centers (ASCs) is positively impacting the growth. Furthermore, the growing number of outpatient surgical procedures coupled with the rising need to curb the increasing healthcare expenditure in these settings is further bolstering revenue growth over the forecast period.
Based on the service type, the EHR segment
dominated the market with a revenue share of 27.8% in 2019. Factors
contributing to the increase in demand include increasing adoption of healthcare IT solutions
by ASCs for
faster and better performance of healthcare processes, which helps improve the
quality of healthcare delivery. On the other hand, the clinical documentation
segment is expected to expand at the fastest CAGR over the forecast period.
In 2019, the service segment accounted for
the highest revenue share, attributed to the shift of healthcare IT solutions
toward cloud computing coupled with increasing utilization of IT solutions by
ASCs to control growing administrative overheads and improve the efficiency of
ambulatory services.
Based on delivery mode, the cloud-based
segment dominated the market with a revenue share of 84.4% in 2019. The rapidly
improving healthcare technology, changing reimbursement policies, and
increasing number of procedures in ASCs have increased the use of cloud-based
IT tools. These tools help to optimize clinical and non-clinical processes,
which in turn is driving the demand for cloud-based solutions in the outpatient
surgery space.
North America dominated the market for
ambulatory surgical centers IT services with a revenue share of 57.6% in 2019
owing to the presence of the largest number of ASCs in the U.S. coupled with
the rising number of surgical procedures performed in ASC settings and the
presence of major market players in the region. On the other hand, the Asia
Pacific region is projected to expand at a lucrative CAGR over the forecast
period. It is attributable to increasing healthcare expenditure and growing
government initiatives to adopt healthcare IT services in this region.
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