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MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com
FY2016 – FY2026
INDIA AMBULATORY SURGICAL CENTER MARKET
FORECAST & OPPORTUNITIES
2
Scope of ReportProduct of Interest (POI): Ambulatory Surgical Center
Review Period
FY2016 – FY2019
Base Year
FY2020
Estimated Year
FY2021
Forecast Period
FY2022 – FY2026
Year Range
Ambulatory surgical center (ASC) is a modern development in the field of healthcare that offerssurgical care and does not require hospitalization. Ambulatory surgical center provides cost effectiveand time saving solutions to patients adapting to the latest technologies in the field of medicine.
Market Segmentation
OWNERSHIP
• Physician Only
• Hospital Only
• Corporation Only
• Physician & Hospital
• Physician &
Corporation
• Hospital & CorporationREGION
• South
• North
• West
• East
PRODUCT TYPE
• Hospital-Based
Ambulatory Surgical
Center
• Free-Standing
Ambulatory Surgical
Center
• Orthopedics
• Plastic Surgery
• Ophthalmology
• Gastroenterology
• Neurology
• Others
APPLICATION
• Single
• Multispecialty
SPECIALTY TYPE
3
Table of Content
S. No. Contents Page No.
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
5. India Ambulatory Surgical Center Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1.By Product Type (Hospital-Based Ambulatory Surgical Center, Free-Standing Ambulatory Surgical Center)
5.2.2.By Application (Orthopedics, Plastic Surgery, Ophthalmology, Gastroenterology, Neurology, Others)
5.2.3.By Ownership (Physician Only, Hospital Only, Corporation Only, Physician & Hospital, Physician & Corporation, Hospital & Corporation)
5.2.4. By Specialty Type (Single, Multispecialty)
5.2.5. By Region (North, South, East, West)
5.2.6. By Company (FY2020)
5.3. Product Market Map
6. India Hospital-Based Ambulatory Surgical Center Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Application
6.2.2. By Ownership
6.2.3. By Specialty Type
7. India Free-Standing Ambulatory Surgical Center Market Outlook
4
Table of Content
S. No. Contents Page No.
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Application
7.2.2. By Ownership
7.2.3. By Specialty Type
8. Market Dynamics
8.1. Drivers
10.2. Challenges
9. Market Trends & Developments
10. Policy & Regulatory Landscape
11. Impact of COVID-19 on India Ambulatory Surgical Center Market
12. India Economic Profile
13. Competitive Landscape
13.1. Company Profile
13.1.1. Company Details
13.1.2. Financials (As Reported)
13.1.3. Key Market Focus and Geographical Presence
13.1.4. Terms & Conditions of Loan
13.1.5. Planned Investments
13.1.6. Market Positioning
14. Strategic Recommendations
15. About Us & Disclaimer
RESEARCH METHODOLOGY
6
Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data Collection
Developing List of Respondents
Formulating Questionnaire
Market Profiling
Data Validation
Data Analysis
In-depth secondary research was conducted to
determine top players in the India ambulatory
surgical center market, overall market size and segmental market size.
In order to conduct industry experts’
interviews, TechSci formulated a detailed
discussion guide.
List of industry players and industry
specialists was developed.
TechSci conducted interviews with
industry experts and industry players for data collection and
verification.
Data obtained as a result of primary and secondary research was
validated through rigorous
triangulation.
The data was scrutinized using MS-Excel, statistical
tools and internal proprietary database to obtain qualitative and
quantitative insights about the India ambulatory
surgical center market.
Data
Collection
Data Filter
& AnalysisResearch &
Intelligence
Actionable
InsightsBusiness
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn✓ TechSci Internal
Database
✓ Factiva✓ Hoovers
Paid Sources
✓ Company Websites✓ Company Annual
Reports✓ White Paper Study✓ Financial Reports✓ Investor
Presentations✓ Regulatory Body✓ Associations, etc.
Secondary Research
Primary Research
7
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of India ambulatory surgical center market. The team has analyzed
the outlook of various segments of this market, while considering the major influencing factor. The study includes market forecasting, which would
enable our clients to take better decisions while planning their strategy to achieve sustainability in India ambulatory surgical center market.
Methodology Followed for Calculation of Market Size:
• Market Size By Value: Market size, in terms of value, for the year FY2020 was calculated based on information collected through exhaustive
secondary research and primary surveys, with various key opinion leaders/stakeholders, such as 15-20 companies, channel partners, market
influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 companies, 45 – 50 channel partners, 80 – 100 end users, and 15 – 20 industry experts and other value
chain stakeholders in India ambulatory surgical center market to obtain the overall market size from FY2016 to FY2020, which was validated by the
Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during FY2016-
FY2020.
8
Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by product type, by application, by ownership, by
specialty type, by region, by company. Removing the outlier responses, the geometric mean of growth estimates and supplier wise revenue shares
generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were
further triangulated from other stakeholders.
Methodology Followed for Calculation of Market Shares:
• Market share by product type, by application, by ownership, by specialty type, by region, by company were calculated based on the responses
received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from
various segments of ambulatory surgical center market. The final shares were calculated by taking the geometric mean of the responses gathered
from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India ambulatory
surgical center market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis
9
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the
impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that the
figures compiled are only for the organized market including market share data.
Partial List of Companies Interviewed Key Secondary Sources
▪ Pristine Care Pvt. Ltd.
▪ Envision Healthcare Technologies Ltd.
▪ Fortis Healthcare Limited
▪ Apollo Health and Lifestyle Limited
▪ CARE Hospitals Private Limited
▪ Max Healthcare Institute Limited
▪ Sankara Nethralaya Private Limited
▪ Vasan Healthcare Private Limited
▪ Columbia Asia Hospitals Private Limited
▪ Tenett Healthcare Corporation
▪ World Bank
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases
10© TechSci Research
Industry Brief
According to TechSci Research report, “India Ambulatory Surgical Centers Market By Type, By Application, By Ownership, By
Specialty Type, By Company, By Region, Forecast & Opportunities, FY2026”, the India ambulatory surgical centers market is
expected to grow at a steady rate during the forecast period due to the increasing requirement to curtail escalating healthcare costs.
Moreover, a favorable reimbursement scenario along with several government policies to promote wellness and health is further
expected to fuel the market growth through FY2026. However, high deployment costs can restrict the market growth over the next
few years. Moreover, reluctance among end users to implement new methods can further hinder the market growth during the
forecast period.
The India ambulatory surgical centers market is segmented based on the type, application, ownership, specialty type, company, and
region. Based on application, the market can be fragmented into orthopedics, plastic surgery, ophthalmology, gastroenterology,
neurology, others. Out of this, the gastroenterology segment accounted for the largest share in the market which can be accredited to
the wide presence of gastroenterology departments. The plastic surgery segment is projected to register the fastest growth over the
forecast period on account of mounting demand for reconstructive surgery due to growing emphasis on physical appearance. In
terms of specialty type, the market can be categorized into single and multispecialty. Until FY2020, the multi-specialty segment
dominated the market in terms of the largest market share and is further anticipated to maintain its dominance in the next 5 years as
well. This dominance is ascribed to the high number of surgical procedures performed in these facilities along with the availability of
reimbursement for these procedures.
Pristine Care Pvt. Ltd., Envision Healthcare Technologies Ltd., Fortis Healthcare Limited, Apollo Health and Lifestyle Limited, CARE
Hospitals Private Limited, Max Healthcare Institute Limited, Sankara Nethralaya Private Limited, Vasan Healthcare Private Limited,
Columbia Asia Hospitals Private Limited, Tenet Healthcare Corporation and others are some of the leading players operating in India
ambulatory surgical centers market. Companies operating in the market are using organic strategies such as acquisitions and
research collaborations with hospitals to expand their geographical reach as well as product portfolio.
“India ambulatory surgical centers market is expected to witness steady growth during the forecast period on account of consistent
technological developments in surgical devices and equipment. Along with this, growing number of collaborations and acquisitions in
the field is further forecasted to bode well for the growth of ambulatory surgical centers market in the country. Moreover, upsurge in
the number of surgeries is further expected to create lucrative opportunities for the growth of India ambulatory surgical centers
market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, India based research
management consulting firm.
11© TechSci Research
Sample Data - Snapshot
India Ambulatory Surgical Center Market Size, By Value (USD Million), FY2016–FY2026F
5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00
FY2016 FY2020 FY2021E FY2026F
By Value (USD Million)
CAGR By Value CAGR By Value
XX% YY%
60%
60%
60%
60%
60%
60%
60%
60%
60%
60%
60%
40%
40%
40%
40%
40%
40%
40%
40%
40%
40%
40%
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021E
FY2022F
FY2023F
FY2024F
FY2025F
FY2026F
Hospital-Based Ambulatory Surgical Center Free-Standing Ambulatory Surgical Center
India Ambulatory Surgical Center Market Share, By Product Type, By Value, FY2016–FY2026F
15%15%
15%
15%
15%
15%
15%
15%
15%
15%
15%
15%15%
15%
15%
15%
15%
15%
15%
15%
15%
15%
15%15%15%15%15%15%15%15%15%15%15%
15%15%15%15%15%15%15%15%15%15%15%
15%15%15%15%15%15%15%15%15%15%15%
25%25%25%25%25%25%25%25%25%25%25%
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021E
FY2022F
FY2023F
FY2024F
FY2025F
FY2026F
Physician Only Hospital Only Corporation OnlyPhysician & Hospital Physician & Corporation Hospital & Corporation
India Hospital Based Ambulatory Surgical Center Market Share, By Ownership, By Value, FY2016–FY2026F
12© TechSci Research
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Report Name: INDIA AMBULATORY SURGICAL CENTER MARKET
FORECAST & OPPORTUNITIESFY2016 – FY2026
About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas
to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting
models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and
global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the
market.
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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or
complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.
However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results
obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together
with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal
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