Surgical Procedures Volume Market

Surgical Procedures Volume Market Outlook (2021-2028)

The surgical procedures volume market was worth US$ 1.7 Bn in 2020 and is predicted to grow to a valuation of US$ 2.6 Bn by the end of 2028, with the market expanding at a CAGR of 6% from 2021 to 2028.

North America is set to be a lucrative market that industry players can target to gain additional sales and profits, besides East Asia and South Asia.

Report Attributes	Details
Surgical Procedures Volume Market Size (2020)	US$ 1.7 Bn
Projected Year Value (2028F)	US$ 2.6 Bn
Global Market Growth Rate (2021-2028)	6% CAGR
Key Companies Profiled	Michael's Hospital All India Institute of Medical Sciences Stanford Health Care - Stanford Hospital Helsinki University Hospital  Massachusetts General Hospital The Ottawa Hospital Apollo Hospitals Enterprise Limited Seoul National University Hospital The Johns Hopkins Hospital Fortis Hospital

With the development of healthcare infrastructure, there have also been substantial advancements in outpatient surgical procedures, which has subsequently driven demand for surgical devices and surgical implants.

Surgical Procedures Volume Demand Analysis (2017-2020) in Comparison to Growth Forecast (2021-2028)

Prevalence of chronic and infectious diseases has substantially seen a hike in the past few years, and this trend is expected to be prominent over the coming years as well. Growing patient pool, rising geriatric population, and increasing rate of hospitalization are some factors that will influence surgical procedures volume market potential through 2028.

Technological and innovative advancements have led to the widespread practice of multiple types of surgeries such as non-invasive procedures, reconstructive surgeries, robotic-assisted surgeries, navigation surgeries, minimally invasive surgeries, etc., and these are anticipated to be highly popular during the forecast period.

Increasing focus on healthcare across the world has also fostered new demand for surgical equipment. From 2021 to 2028, the surgical procedures volume market is predicted to evolve at a high CAGR of 6%.

How is Surgical Procedures Volume Market Potential Being Positively Influenced?

“Increasing Geriatric Population Driving Demand for Outpatient Surgical Procedures”

The world has witnessed an increase in the aging population and this has increased the demand for better healthcare facilities for them. This sect of the population is more prone to diseases and is more likely to have surgical procedures and since they are increasing in number they will substantially drive the demand for surgical procedures.

Minimally-invasive surgeries and non-invasive procedures are expected to see high demand from the geriatric population as it allows faster recovery and poses less threat to their overall health in comparison to conventional invasive procedures.

“Rise in Gynecology Procedures across the World”

Gynecology procedures have seen an increase in demand over the past few years, and this trend is expected to be prominent over the forecast period as well.

Majorly increasing awareness for gynecology procedures and rising per capita disposable income have contributed to increasing number of gynecology procedures, thereby driving demand for surgical procedure systems and solutions.

Rising instances of cervical cancer and increase in cesarean section rates on a global level are also expected to positively influence demand for gynecology procedures over the years to come.

Which Region Will Account for Major Demand for Surgical Procedures?

“South Asia & East Asia to Have Bright Outlook Going Forward”

The market for surgical procedure devices in South Asia and East Asia is anticipated to be the most lucrative of all regions. This can be attributed to the rising focus on healthcare in these regions, increasing incidence of cardiovascular disorders, rising popularity of advanced surgeries, and increasing preference for minimally-invasive surgeries.

Increasing innovations and rapid adoption of novel surgical technologies are prominent trends that will drive the surgical procedures volume market growth in North America through 2028. An increasing number of surgeries performed in these regions will also favor demand for surgical equipment, such as surgical devices and surgical implants.

Other factors such as the presence of key outpatient surgical procedure providers, developed healthcare infrastructure, high healthcare spending potential, and an increasing number of reconstructive surgeries, robotic-assisted surgeries, etc., are anticipated to influence market potential in these regions throughout the forecast period.

Country-wise Insights

Why Will the U.S. See High Demand for Surgical Equipment?

“Increasing Number of Surgeries Performed Will Boost Consumption of Surgical Devices”

The population of the U.S. is dealing with the issue of rising obesity and this has given rise to many other diseases and hence increased the number of surgeries performed in the nation. This factor alone is expected to majorly influence demand for surgical devices and surgical implants in the U.S.

Increasing demand for non-invasive procedures and minimally invasive surgeries is also expected to increase shipments of surgical equipment in the nation.

Increasing research and development activities in the healthcare industry will further bolster the demand for reconstructive surgeries, robotic-assisted surgeries, navigation surgeries, etc.

How Will the Surgical Procedures Volume Market Fare in India?

“Increasing Medical Tourism & Developing Healthcare Infrastructure Driving Demand Growth”

India’s healthcare infrastructure has seen some noteworthy developments in the past few years and this can be attributed to a rising focus on healthcare and increasing government spending in the healthcare industry.

The nation has also seen a rise in medical tourism which is also expected to propel demand for reconstructive surgeries, robotic-assisted surgeries, and navigation surgeries, and will also be driven by increasing technological advancements in surgical technologies in India.

Category-wise Insights

Why are Cardiovascular Procedures Expected to See High Demand?

“Increasing Incidence of Cardiovascular Disorders Drives Demand”

Instances of cardiovascular disorders have been widespread on a global scale in recent times and this trend is expected to be prevalent over the forecast period as well. This has given rise to the number of cardiovascular surgeries and procedures performed across the world and hence leads the surgical procedures volume market landscape.

Increasing geriatric population and poor lifestyle habits are other factors that are giving rise to increased incidence of cardiovascular disorders.

Did COVID-19 Slow Down Surgical Procedures Volume Market Growth?

In 2020, the world faced a situation like never before as coronavirus infections engulfed the world and created a pandemic situation on a global scale. This led to a paradigm shift in the healthcare industry as healthcare infrastructure crumbled under the massive patient caseload that it was not equipped to deal with.

All healthcare facilities and services were dedicated to the treatment of coronavirus-affected people and hence the focus from other medical conditions was drastically shifted. This resulted in a drop in the number of surgeries performed across the globe and had a negative impact on the surgical procedures volume market.

The surgical procedures volume market is expected to make a steady comeback in the post-pandemic era as the coronavirus infections decrease and the focus on other surgical procedures comes back to normal. The number of minimally invasive surgeries, reconstructive surgeries, robotic-assisted surgeries, and other advanced surgeries are anticipated to see a rise in the post-pandemic world.

Competitive Landscape

Key surgical procedure providers are focusing on launching new surgical equipment that is compliant with advanced minimally-invasive surgical procedures and other advanced procedures.

• In April 2022, Merit Medical Systems Inc., a leading name in the healthcare technology industry, announced the launch of a new tray. The ReSolve® Thoracostomy Tray consists of all the essential products required to perform a successful minimally-invasive procedure called thoracostomy to drain fluids or air from the chest cavity.

Key Segments Covered in Surgical Procedures Volume Industry Research

• Surgical Procedures Volume Market by Procedure Type:

  • Cardiovascular Procedures
    • Cardiac Rhythm Management Device Implantations
      • Cardiac Pacemaker Procedures
      • Implantable Cardioverter Defibrillators
    • Interventional Cardiology Procedures
      • Cardiac Catheterization
      • Coronary Revascularization
      • Coronary Angiography
    • Heart Transplantations
  • Neurosurgery Procedures
    • Craniotomy
    • Aneurysm Coil Embolization
    • CSF Drainage
    • CSF Shunt
  • Orthopedic Procedures
    • Joint Replacement Surgeries
      • Knee Replacement
      • Hip Replacement
      • Shoulder Replacement
    • Ligament/Tendon Repair
    • Spine Surgery Market
      • Spinal Fusion
      • Others
  • Ophthalmic Procedures
    • Cataract Surgeries
    • Glaucoma Surgeries
    • Refractive Surgeries
  • Gynecology Procedures
    • Hysterectomy
      • Laparoscopic Hysterectomy
    • Uterine Artery Embolization
    • Cesarean Section
  • Other Procedures
    • Urology Procedures
    • Dental Procedures

• Surgical Procedures Volume Market by Region:

  • North America Surgical Procedures Volume Market
  • Latin America Surgical Procedures Volume Market
  • Europe Surgical Procedures Volume Market
  • East Asia Surgical Procedures Volume Market
  • South Asia & Oceania Surgical Procedures Volume Market
  • MEA Surgical Procedures Volume Market