ALEXANDRIA, Va. -- The Health Industry Distributors Association (HIDA) released the 2004 Ambulatory Surgery Center (ASC) Market Report, which revealed that the ASC market is the fastest growing customer market for distributors over the past two years. The top 10 distributed product categories account for 65 percent of the total market.
Additional findings include:
Distributor product sales to ASCs reached $575.2 million in 2003, an increase of 24 percent since 2001.
Total patient expenditures at ASCs are estimated at $10 billion in 2003; Medicare reimbursements accounted for $2.9 billion.
Kits, packs, and custom trays were the No. 1 product category sold through distribution to ASCs in 2001, 2002, and 2003.
The top five public chains account for 12.8 percent of total ASC facilities, but earn 20 percent of total ASC revenues.
The 2004 Ambulatory Surgery Center Market Report aggregates a variety of data to present a unique view of the surgery center market. The report identifies key trends and opportunities for the distribution channel. The report was developed in part with data and information provided by HPIS, a Neoforma Company, the American Association of Ambulatory Surgery Centers (AAASC), and the Federated Ambulatory Surgery Association (FASA).The Health Industry Distributors Association (HIDA) is the national trade association representing medical products distributors. HIDA members serve the nations hospital, imaging, long term care, and physician/alternate care markets. HIDA provides products and services to enhance the business performance of member companies. Products and services include industry advocacy and representation to Congress and federal agencies, business tools and resources, and educational programs.