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.
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 |
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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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