Research On Global Markets
Syndicated Market Research Report
If you look at the healthcare industry holistically then fewer specialties had better prospects than the ambulatory surgery centers (ASCs). Healthcare industry as we all know is very dynamic and at the cusp of a huge technological revolution with advanced technologies like robotics and remote patient monitoring on their way to becoming mainstream. Amidst all this, surgical procedure which would earlier take weeks for recovery are now successfully completed within a day. Such surgeries, also known as ambulatory surgeries, are where patients enter the care and are released the same day, saving them the time, money and effort of staying for a long time in a hospital, which frankly everyone avoids. As a result, the ambulatory surgery market in India is set to grow at a good showing a steady compound annual growth rate (CAGR) of nearly 15% year on year and hence outgrow the value of INR 250 Billion recorded in the year 2015. This data is from market research report published on the official website of Research On Global Markets. Some of the trends that are likely to push this growth are as follows. 1) Increased reimbursements – earlier insurance companies did not include any procedure that had less than 24-hour hospitalization in its reimbursements. Now, procedures like dialysis, cataract surgeries etc. are reimbursed by insurance companies even though they are ambulatory in nature. 2) Growing interest in the model – the nature of ambulatory surgeries is such that not only standalone centers but even nursing homes and hospitals are offering this service hence increasing the popularity of this procedure and making it available to the masses. 3) Increased demand for the ‘one-stop shop’ model – with ambulatory surgery centers becoming operational with little additional investment to align it with ongoing medical practice, the end-users are enjoying the benefit of not having to run from pillar to post to get treatment done. These three trends are significantly going to drive the ambulatory surgery market in India which will bring in the next generation changes in not only the healthcare industry but even the health insurance sector.
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