June 13, 2024

Surgical Procedures Market Size To Attain USD 5.10 Trn By 2032

The surgical procedures market size was valued at USD 3.15 trillion in 2023 and is expected to reach USD 5.10 trillion by 2032, growing at a CAGR of 5.50% from 2023 to 2032.

Surgical Procedures Market Size 2023 To 2032

Key Takeaways

  • North America contributed more than 37% of revenue share in 2022.
  • Asia Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
  • By type, the cardiovascular segment has held the largest market share of 24% in 2022.
  • By type, the orthopedic segment is anticipated to grow at a remarkable CAGR of 6.2% between 2023 and 2032.
  • By channel, the hospitals segment generated over 45% of revenue share in 2022.
  • By channel, the physician offices segment is expected to expand at the fastest CAGR over the projected period.

The Surgical Procedures Market is a critical component of the healthcare industry, playing a pivotal role in the diagnosis, treatment, and management of diseases and injuries. It includes an array of surgical interventions across different medical specialties, such as orthopedic, cardiovascular, neurosurgery, and more. Advances in medical technology and techniques continually shape and redefine this dynamic sector.

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Growth Factors:

  • Technological Advancements: Continuous innovations in surgical instruments, robotics, and imaging technologies enhance the precision and efficiency of surgical procedures, attracting both healthcare providers and patients.
  • Increasing Prevalence of Chronic Diseases: The rising incidence of chronic conditions necessitates surgical interventions for diagnosis and treatment, driving the demand for surgical procedures.
  • Aging Population: As the global population ages, there is a higher prevalence of age-related health issues that often require surgical interventions, contributing to the growth of the market.
  • Global Healthcare Infrastructure Development: Improvements in healthcare infrastructure, especially in developing regions, result in better access to surgical procedures, fostering market expansion.
  • Rising Patient Awareness and Expectations: Increased awareness among patients about available surgical treatments and a growing expectation for improved quality of life contribute to the growth of surgical procedures.
  • Minimally Invasive Techniques: The adoption of minimally invasive surgical techniques reduces recovery times and complications, driving patient preference and market growth.

Surgical Procedures Market Scope

Report Coverage Details
Growth Rate from 2023 to 2032 CAGR of 5.50%
Market Size in 2023 USD 3.15 Trillion
Market Size by 2032 USD 5.10 Trillion
Largest Market North America
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered By Type and By Channel
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: Telerehabilitation Market Size To Rise USD 12.90 Billion By 2032

By Type

In terms of types, the Surgical Procedures Market exhibits a diverse landscape, encompassing a wide array of procedures catering to various medical needs. This segmentation allows for a detailed understanding of the market dynamics, as different surgical types contribute uniquely to the overall market growth. From minimally invasive surgeries to traditional open procedures, the market reflects a spectrum of options that cater to the evolving preferences and requirements of both healthcare professionals and patients.

By Channel

On the other hand, the segmentation by channel provides insights into how surgical procedures are accessed and delivered. This categorization considers the various channels through which surgical services are made available, including hospitals, ambulatory surgical centers, and specialized clinics. Understanding the distribution of surgical procedures across these channels aids in deciphering the accessibility and convenience factors influencing market trends. Hospitals, with their comprehensive facilities, often handle a broad range of surgical interventions, while ambulatory surgical centers focus on providing efficient, specialized services in a more streamlined environment.

Reasons to Purchase this Report:

  • Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
  • In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
  • Market size in USD million and volume in million units provided for each segment and sub-segment.
  • Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
  • Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

Surgical Procedures Market Players

  • Johnson & Johnson
  • Medtronic
  • Stryker Corporation
  • Becton, Dickinson and Company (BD)
  • Olympus Corporation
  • Zimmer Biomet
  • Abbott Laboratories
  • Boston Scientific Corporation
  • Ethicon (a subsidiary of Johnson & Johnson)
  • Intuitive Surgical
  • Smith & Nephew
  • Cook Medical
  • Karl Storz
  • Terumo Corporation
  • CONMED Corporation

Segments Covered in the Report

By Type

  • Gastrointestinal
  • Cardiovascular
  • Dental, Cosmetic
  • Urologic
  • Ophthalmic
  • Orthopedic
  • ENT
  • Nervous System
  • Obstetric/Gynecologic

By Channel

  • Physician Offices
  • Hospitals
  • ASCs

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Surgical Procedures Market 

5.1. COVID-19 Landscape: Surgical Procedures Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Surgical Procedures Market, By Type

8.1. Surgical Procedures Market, by Type, 2023-2032

8.1.1. Gastrointestinal

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Cardiovascular

8.1.2.1. Market Revenue and Forecast (2020-2032)

8.1.3. Dental, Cosmetic

8.1.3.1. Market Revenue and Forecast (2020-2032)

8.1.4. Urologic

8.1.4.1. Market Revenue and Forecast (2020-2032)

8.1.5. Ophthalmic

8.1.5.1. Market Revenue and Forecast (2020-2032)

8.1.6. Orthopedic

8.1.6.1. Market Revenue and Forecast (2020-2032)

8.1.7. ENT

8.1.7.1. Market Revenue and Forecast (2020-2032)

8.1.8. Nervous System

8.1.8.1. Market Revenue and Forecast (2020-2032)

8.1.9. Obstetric/Gynecologic

8.1.9.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Surgical Procedures Market, By Channel

9.1. Surgical Procedures Market, by Channel, 2023-2032

9.1.1. Physician Offices

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Hospitals

9.1.2.1. Market Revenue and Forecast (2020-2032)

9.1.3. ASCs

9.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Surgical Procedures Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Type (2020-2032)

10.1.2. Market Revenue and Forecast, by Channel (2020-2032)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.1.3.2. Market Revenue and Forecast, by Channel (2020-2032)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.1.4.2. Market Revenue and Forecast, by Channel (2020-2032)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Type (2020-2032)

10.2.2. Market Revenue and Forecast, by Channel (2020-2032)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.2.3.2. Market Revenue and Forecast, by Channel (2020-2032)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.2.4.2. Market Revenue and Forecast, by Channel (2020-2032)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Type (2020-2032)

10.2.5.2. Market Revenue and Forecast, by Channel (2020-2032)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Type (2020-2032)

10.2.6.2. Market Revenue and Forecast, by Channel (2020-2032)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.3.2. Market Revenue and Forecast, by Channel (2020-2032)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.3.3.2. Market Revenue and Forecast, by Channel (2020-2032)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.3.4.2. Market Revenue and Forecast, by Channel (2020-2032)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Type (2020-2032)

10.3.5.2. Market Revenue and Forecast, by Channel (2020-2032)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Type (2020-2032)

10.3.6.2. Market Revenue and Forecast, by Channel (2020-2032)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.4.2. Market Revenue and Forecast, by Channel (2020-2032)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.4.3.2. Market Revenue and Forecast, by Channel (2020-2032)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.4.4.2. Market Revenue and Forecast, by Channel (2020-2032)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Type (2020-2032)

10.4.5.2. Market Revenue and Forecast, by Channel (2020-2032)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Type (2020-2032)

10.4.6.2. Market Revenue and Forecast, by Channel (2020-2032)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Type (2020-2032)

10.5.2. Market Revenue and Forecast, by Channel (2020-2032)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.5.3.2. Market Revenue and Forecast, by Channel (2020-2032)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.5.4.2. Market Revenue and Forecast, by Channel (2020-2032)

Chapter 11. Company Profiles

11.1. Johnson & Johnson

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Medtronic

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Stryker Corporation

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Becton, Dickinson and Company (BD)

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Olympus Corporation

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Zimmer Biomet

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Abbott Laboratories

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Boston Scientific Corporation

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Ethicon (a subsidiary of Johnson & Johnson)

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Intuitive Surgical

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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