Global Surgical Procedures Volume Market By Procedure Types-(Gastrointestinal Surgical Procedures, Cardiovascular Surgical Procedures, Dental Surgical Procedures, Cosmetic Surgical Procedures, Ophthalmic Surgical Procedures, Other Surgical Procedures); By Channel-( Physician Offices, Hospitals, Inpatients Surgeries, Outpatient Surgeries, Ambulatory Surgical Centers) and by Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Market Overview

The Global Surgical Procedures Volume Market size is expected to be worth around USD 152.7 Billion by 2033 from USD 108.3 Billion in 2023, growing at a CAGR of 3.5% during the forecast period from 2024 to 2033.

Surgical procedures volume includes a wide range of treatments such as dental, urology, gynecology, ophthalmology, neurology, orthopedics, and cardiovascular; all of which can be further divided into sub-categories. The advent of technology in minimally invasive procedures and the use of robotics in surgical treatments are key elements to the future of surgical procedures. Single-incision Laparoscopic Surgery (SILS) is a highly sophisticated minimally invasive surgery that is now employed for gynecological operations and gall bladder removal.

Surgical treatment is one of the most important factors to consider while dealing with a variety of health issues, including infections, cardiovascular disease, cancer, fractures, and obstructed childbirth. One of the most important parts of a well-functioning healthcare system is surgical therapy. Surgery continues to be emphasized by the World Health Organization (WHO) and other international healthcare organizations as one of the most critical components of the global healthcare sector’s growth. Improved surgical therapy, on the other hand, necessitates qualified personnel, specialized supplies, and infrastructure that is well-synchronized. These factors are expected to fuel the global surgical procedures volume market in the years to come.

Increasing global geriatric populations have been regarded as a primary factor that is expected to bolster the surgical procedures industry forward. This is primarily owing to the fact that elderly individuals are more prone to developing a host of chronic illnesses. Furthermore, global populations over the age of 65 are slated to have a significant impact on market growth. According to the United States Census Bureau, those aged 65 and above accounted for roughly 13% of the total population, with that figure predicted to surge to 20% by 2030.

According to the World Health Organization, the global geriatric population is expected to reach 1.5 billion by 2050. The United States, Japan, and Germany are among the top countries that are rapidly aging. Other elements influencing surgical procedure volume on an international scale include an increase in the incidence of chronic diseases and an increase in the number of trauma injury cases being reported.

Key Takeaways

• Market Size: Surgical Procedures Volume Market size is expected to be worth around USD 152.7 Billion by 2033 from USD 108.3 Billion in 2023.
• Market Growth: The market growing at a CAGR of 3.5% during the forecast period from 2024 to 2033.
• Procedure Types Analysis: The dental Surgical Procedures accounting for 28% market share – this highlights their enduring demand.
• Channel Analysis: Hospitals dominate this segment with 43% market share due to their extensive infrastructure and highly trained medical staff.
• Regional Analysis: North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America dominate 39% market share and held USD 41.1 billion market share in 2023.

Procedure Types

Analysis of the Surgical Procedures Volume market requires an in-depth assessment of trends and dynamics within various subsectors, with dental Surgical Procedures accounting for 28% market share – this highlights their enduring demand. Dental Interventions such as extractions, implants and orthodontic procedures remain popular interventions to keep up with population needs.

Moving beyond dentistry, the market encompasses an expansive spectrum of specialties. Gastrointestinal Surgical Procedures play a central role in treating digestive disorders and malignancies while Cardiovascular Surgical Procedures help fight heart-related ailments – further emphasizing their integral nature within healthcare.

Cosmetic surgical procedures offer solutions to meet individuals’ aesthetic concerns and facilitate beauty enhancement, while Ophthalmic surgical procedures address eye health and vision correction in an aging population.

The Surgical Procedures Volume market is an intricate maze driven by medical necessity, shifting patient preferences, and technological innovations. To successfully navigate its waters it is imperative that we adopt a data-driven approach by analyzing statistics, trends, and market dynamics to inform strategic decisions while encouraging optimistic approaches in responding to diverse procedural segments.

Channel

As part of the vast Surgical Procedures Volume market, channels through which these procedures are conducted play an essential part in shaping its landscape. Hospitals dominate this segment with 43% market share due to their extensive infrastructure and highly trained medical staff making them a prime destination for an array of surgical interventions.

Physician Offices provide an alternative option for minor procedures and consultations that require more personalized settings, while Inpatient Surgeries take place within hospital premises, offering monitoring for complex surgical cases that need hospitalization and close monitoring. With healthcare decentralization increasingly popular among healthcare providers, Outpatient Surgeries offer convenience and cost-efficiency for less intricate procedures.

Ambulatory Surgical Centers have become an important player in recent years, offering an attractive compromise between hospitals’ extensive facilities and outpatient settings, and their more cost-efficient counterparts. Their flexible nature makes them particularly well suited for elective surgeries that further diversify the landscape.

Understanding the relationship between these channels is of critical importance for stakeholders in the Surgical Procedures Volume market. Combining data-driven analysis with an acute understanding of market dynamics enables informed decision-making in this ever-evolving sector.

Market Segments

Procedure Types

• Gastrointestinal Surgical Procedures
• Cardiovascular Surgical Procedures
• Dental Surgical Procedures
• Cosmetic Surgical Procedures
• Ophthalmic Surgical Procedures
• Other Surgical Procedures

Channel

• Physician Offices
• Hospitals
• Inpatients Surgeries
• Outpatient Surgeries
• Ambulatory Surgical Centers

Drivers

Aging Population and Chronic Diseases

One of the key drivers behind the surge in surgical procedure volumes is an aging global population. As people get older, surgical interventions become necessary for various health concerns that require surgical interventions to resolve. Furthermore, chronic diseases like cardiovascular disorders, diabetes and cancer increase dramatically over time and necessitate surgical interventions for diagnosis and treatment purposes.

An increase in sedentary lifestyles has subsequently resulted in an increase in the occurrence of numerous chronic diseases. Moreover, owing to an increase in traffic accidents around the world, the number of trauma cases has risen dramatically. Due to these aforementioned factors, the demand for necessary services is slated to increase, profoundly influencing the global surgical procedures volume industry in the process.

Technological Advancements

Rapid advances in medical technology have greatly contributed to the explosion in surgical procedures over recent decades. Advances such as minimally invasive surgical techniques, robotic-assisted surgeries and 3D printing for customized implants have made surgery safer, more precise and less invasive – drawing both patients and healthcare providers towards surgical treatments and increasing demand.

Trends

An increased emphasis on Ambulatory Surgery Centers (ASCs)

There has been an apparent shift toward performing surgeries at ambulatory surgery centers rather than traditional hospitals, which offer more cost-effective, efficient, and patient-centric care – leading to an uptick in outpatient surgeries and helping the healthcare industry move towards value-based care and reduced hospitalization costs. This trend coincides with wider industry shifts towards value-based care models and reduced hospitalization costs.

Telemedicine and Pre-Operative Planning

Telemedicine has gained prominence within healthcare, particularly with surgeons, who increasingly utilize it for preoperative consultations and postoperative follow-up. Furthermore, digital tools and 3D imaging technologies are revolutionizing preoperative planning enabling greater precision surgical outcomes and patient outcomes.

Restrictions

Financial Constraints

High healthcare costs and limited insurance coverage can act as significant impediments to surgical procedures volume. Many patients may postpone or avoid necessary surgeries due to financial concerns; this issue is especially prevalent in regions with inadequate healthcare access or affordability issues.

Regulatory Hurdles

Stringent regulatory processes and compliance requirements can impede the approval and adoption of innovative surgical technologies and procedures, creating unnecessary delays for approval or adoption by healthcare organizations – ultimately hindering surgical procedure growth.

Opportunity

Global Expansion

The surgical procedures market presents opportunities for global expansion, with emerging markets in Asia and Latin America offering tremendous growth potential. Expanding into these regions could prove fruitful provided healthcare providers adapt to local regulations and patient preferences accordingly.

Personalized Medicine

The rising trend toward personalized medicine provides surgeons with ample opportunity. Tailoring surgical interventions specifically to each patient’s genetic makeup and needs can result in more effective and satisfying procedures; this approach aligns perfectly with an increasing demand for precision healthcare solutions.

Regional Analysis

The global surgical procedures market can be divided up by region: North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America dominate 39% market share and held USD 41.1 billion market share in 2023. Increased demand for medical devices in these regions can be linked to chronic illnesses prevalent among aging populations as well as their rising healthcare expenditure; Asia’s healthcare expenditure has recently seen an upward trajectory and this upward trajectory should remain throughout its projected timeline.

Key Regions and Countries

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Player Analysis

The market for surgical procedure volume is marked by fierce competition among both established players and new entrants, with each seeking a competitive edge through product innovation, strategic collaborations and acquisitions. Robust distribution networks, brand visibility and offering diverse products and services are vital elements in reaching success within such an intensely competitive landscape.

Market Key Players

• Allergan PLC
• Cutera Inc.
• Human Med AG
• InMode Aesthetic Solution
• Lumenis Ltd.
• Wells Johnson Company
• Stanford Health Care
• The General Hospital Corporation
• The Ottawa Hospital

Recent Developments

• Allergan PLC: Announced plans to spin off its non-core businesses, including its surgical aesthetics portfolio, into a separate publicly traded company by the end of 2023.
• Cutera, Inc.: Announced a strategic partnership with Merz Aesthetics in October 2022 to co-market Cutera’s aesthetic devices in select markets.
• Human Med AG: Launched the ARTAS 9 system, an updated version of its hair restoration system, in September 2022.
• Lumenis Ltd.: Expanded its presence in the minimally invasive surgery market through acquisitions, including PulseCath in October 2022.
• Stanford Health Care: Invested in expanding its robotic surgery program, including the acquisition of a new da Vinci Xi surgical robot in July 2022.

Report Scope