SAN FRANCISCO, Sept. 29, 2020 /PRNewswire/ -- 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.
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Read 80 page research report with ToC on "Ambulatory Surgical Centers IT Services Market Size, Share & Trends Analysis Report By Service Type (EHR, Clinical Documentation), By Solution, By Delivery Mode, By Region, And Segment Forecasts, 2020 - 2027'' at: https://www.grandviewresearch.com/industry-analysis/ambulatory-surgical-centers-it-services-market
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.
Grand View Research has segmented the global ambulatory surgical centers IT services market based on service type, solution, delivery mode, and region:
List of Key Players of Ambulatory Surgical Centers IT Services Market
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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