Becker's Healthcare July 15, 2024
Advances in technology and the cost effectiveness of ASCs have made them a fast-growing market.
Here are 10 key takeaways:
1. Fast growth. The ASC market is projected to reach $60 billion by 2030, reflecting a compound annual growth rate of 6% from 2023 to 2030. Advancements in technology and devices are a big growth driver.
2. ASCs are gaining a greater share of high-acuity procedures. ASCs continue to perform a greater number of high-acuity procedures, particularly in orthopedics and cardiology. In 2023, CMS added 11 procedures to the ASC-covered list that were not included in the proposed rule, including total-shoulder arthroplasty.
3. The industry is still highly fragmented. According to a report from VMG Health, 68% of ASCs are...
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