The Surgical Procedures Market size was estimated USD 10,827 thousands in 2022 and is expected to reach USD 14257.09 thousands by 2030 at a CAGR of 3.5% during the forecast period of 2023-2030.
A surgical procedure is an intrusive treatment that has the essential notion of a physical intervention on tissues/organ systems for diagnostic or therapeutic objectives. A technique is typically called operational when a surgeon cuts a tissue or closes a previously incurred wound. Additional measures things do not need to be included in this category, such as angioplasty or endoscopy, such as anesthetic and antiseptic. Surgery can be performed using conditions, traditional surgical equipment, saturation, or stapling. Both kinds of surgery is considered an invasive procedure. A minimally invasive procedure often includes a small incision not infiltrate the removed structure.
DRIVERS
Surgical procedure technological advancements
The United States is regarded as a leader in medical technology innovation; most innovative surgical goods and devices are created and manufactured in the United States. The rapid expansion of operations has been made possible by considerable advances in medical technology, which have partially eliminated some of the technical and clinical obstacles connected with surgical procedures. To offer the best possible care for their patients, hospitals and healthcare systems spend extensively in cutting-edge technology.
RESTRAIN
The high cost of surgical treatments and the low adoption rate in developing and emerging economies
OPPORTUNITY
Outpatient Surgery is gaining popularity
Ambulatory surgery centers (ASCs) are self-contained clinics that specialize in non-hospital surgical, diagnostic, and preventative services. Because of technical improvements such as minimally invasive surgical procedures and value-based care incentives, medical operations are increasingly being performed in these outpatient clinics. In addition, health systems have been acquiring or partnering with physicians and medical practices, which has increased the number of services provided in outpatient settings. The cost-effectiveness of ASCs saves governments, third-party payers, and patients money. According to a study conducted by Healthcare BlueBook (a provider of data for healthcare services) and HealthSmart (a provider of health plans for self-funded employers), ASCs reduce the cost of outpatient surgery by USD 38 billion per year because these facilities provide a lower-cost site of care than hospital outpatient departments.
CHALLENGES
Complications caused by surgical procedures
Surgical operations have few problems, which result in higher healthcare costs. Most surgical complications are mild, but others can be fairly dangerous. The patient's discomfort following surgery is determined by a variety of factors, including the type of surgery. Typical side effects of general anesthesia include nausea and vomiting, sore throat produced by the tube placed in the windpipe for breathing during surgery, soreness, pain, and swelling at the incision site or slight pain surrounding the IV site, and restlessness and sleeplessness, among other things. Certain procedures, however, can be high risk due to patient-specific or operation-specific considerations. Certain medical conditions can raise the risks of surgery. Obesity, postoperative delirium, postoperative cognitive dysfunction (POCD), and sleep apnea are some of the key patient-specific hazards connected with surgical operations.
This war comes to a country whose health-care system is still far from Western standards due to inadequate government financing, heavy centralization, and generally antiquated equipment. For example, operating microscopes, which are required for surgical treatment of peripheral nerve damage, are in low supply. The indiscriminate strikes on civilian infrastructure in this battle also harmed health care facilities, such as the Central City Hospital in Vuhledar, which suffered at least three casualties, worsening the care of the wounded. The most common injuries among survivors of bombings and missile attacks are shrapnel wounds, bone fractures, and burns.
IMPACT OF ONGOING RECESSION
The economic crisis has reduced hospital funds available, including reimbursement rates, contributions, and revenue (in Greece and the United States). Furthermore, hospitals' patient care losses grew as a result of less ambulatory care and elective procedures. Furthermore, income from non-patient care activities fell following the economic downturn. All of these variables contributed to an increase in out-of-pocket and informal payments. Hospital closures, admitting fewer patients with acute diseases, limiting drug prescription, and forcing patients to source consumables and drugs from outside the hospital have all resulted in an indirect rise in patients' financial burden.
By Type
Gastrointestinal Surgical Procedures
Cardiovascular Surgical Procedures
Dental Surgical Procedures
Cosmetic Surgical Procedures
Urologic Surgical Procedures
Ophthalmic Surgical Procedures
Orthopedic Surgical Procedures
ENT Surgical Procedures
Obstetric
Gynecologic Surgical Procedures
Other Surgical Procedures
In 2022, the Services segment is expected to held the highest market growth rate during the forecast period due to an increase in the prevalence of oral disorders, increased awareness of oral care, and an aging population with related tooth loss. Furthermore, among persons 65 and older, the incidence of dental implants has increased sevenfold, contributing to an increase in demand for dental implant surgeries.
By Channel
Physician Offices
Hospitals
Inpatient Surgeries
Outpatient Surgeries
Ambulatory Surgery Centre
North America held a significant market share in 2022. The surgical procedure market in the United States is driven by best-in-class health care infrastructure equipped with innovative and cutting-edge equipment and technologies, as well as increasing healthcare spending by its citizens and better reimbursement policies by the United States government for healthcare services. The surgical procedure market in the United States is predicted to develop in the near future, owing to the country's growing senior population, rising cases of lifestyle-related health problems among its residents, and sustained favorable government policies for healthcare expenditure.
Asia-Pacific is witness to expand fastest CAGR rate during the forecast period thanks to the significant expansion in the medical sector and decreased price of treatment in the region.
REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are Johnson & Johnson, Medtronic, Stryker Corporation, Becton, Dickinson and Company (BD), Intuitive Surgical, Zimmer Biomet Holdings, Olympus Corporation, Abbott Laboratories, Boston Scientific Corporation, Smith & Nephew, Danaher Corporation, Karl Storz SE & Co. KG, and Others.
In June 2022, Xenco Medical extended their surgical equipment portfolio for Ambulatory Surgical Centers across the United States. The company received FDA approval and launched its Multilevel Cervikit. It is a single-use cervical spine technique that includes a comprehensive suite of implants and single-use devices for the 2nd, 3rd, and 4th levels of the anterior cervical spine procedures.
| Report Attributes | Details |
|
Market Size in 2022 |
US$ 10,827 thousands |
|
Market Size by 2030 |
US$ 14257.09 thousands |
|
CAGR |
CAGR of 3.5% From 2023 to 2030 |
|
Base Year |
2022 |
|
Forecast Period |
2023-2030 |
|
Historical Data |
2019-2021 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
By Type (Gastrointestinal Surgical Procedures, Cardiovascular Surgical Procedures, Dental Surgical Procedures, Cosmetic Surgical Procedures, Urologic Surgical Procedures, Ophthalmic Surgical Procedures, Orthopedic Surgical Procedures, ENT Surgical Procedures, Obstetric, Gynecologic Surgical Procedures, Other Surgical Procedures), By Channel (Physician Offices, Hospitals, Ambulatory Surgery Centre) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
|
Company Profiles |
Johnson & Johnson, Medtronic, Stryker Corporation, Becton, Dickinson and Company (BD), Intuitive Surgical, Zimmer Biomet Holdings, Olympus Corporation, Abbott Laboratories, Boston Scientific Corporation, Smith & Nephew, Danaher Corporation, Karl Storz SE & Co. KG |
|
Key Drivers |
•Surgical procedure technological advancements |
|
Market Challenges |
•Complications caused by surgical procedures |
Surgical procedures market is anticipated to expand by 3.5% from 2023 to 2030.
The expected growth of surgical procedures market rate is expected to grow USD 14257.09 thousands by 2030.
Surgical procedures market size was valued at USD 10,827 thousands in 2022
North America is dominating the market of surgical procedures market.
Outpatient Surgery is gaining popularity.
TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Surgical Procedures Market Segmentation, By Type
8.1 Gastrointestinal Surgical Procedures
8.2 Cardiovascular Surgical Procedures
8.3 Dental Surgical Procedures
8.4 Cosmetic Surgical Procedures
8.5 Urologic Surgical Procedures
8.6 Ophthalmic Surgical Procedures
8.7 Orthopedic Surgical Procedures
8.8 ENT Surgical Procedures
8.9 Obstetric
8.10 Gynecologic Surgical Procedures
8.11 Other Surgical Procedures
9. Surgical Procedures Market Segmentation, By Channel
9.1 Physician Offices
9.2 Hospitals
9.2.1 Inpatient Surgeries
9.2.2 Outpatient Surgeries
9.3 Ambulatory Surgery Centre
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America Surgical Procedures Market by Country
10.2.2North America Surgical Procedures Market by Type
10.2.3 North America Surgical Procedures Market by Channel
10.2.4 USA
10.2.4.1 USA Surgical Procedures Market by Type
10.2.4.2 USA Surgical Procedures Market by Channel
10.2.5 Canada
10.2.5.1 Canada Surgical Procedures Market by Type
10.2.5.2 Canada Surgical Procedures Market by Channel
10.2.6 Mexico
10.2.6.1 Mexico Surgical Procedures Market by Type
10.2.6.2 Mexico Surgical Procedures Market by Channel
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe Surgical Procedures Market by Country
10.3.1.2 Eastern Europe Surgical Procedures Market by Type
10.3.1.3 Eastern Europe Surgical Procedures Market by Channel
10.3.1.4 Poland
10.3.1.4.1 Poland Surgical Procedures Market by Type
10.3.1.4.2 Poland Surgical Procedures Market by Channel
10.3.1.5 Romania
10.3.1.5.1 Romania Surgical Procedures Market by Type
10.3.1.5.2 Romania Surgical Procedures Market by Channel
10.3.1.6 Hungary
10.3.1.6.1 Hungary Surgical Procedures Market by Type
10.3.1.6.2 Hungary Surgical Procedures Market by Channel
10.3.1.7 Turkey
10.3.1.7.1 Turkey Surgical Procedures Market by Type
10.3.1.7.2 Turkey Surgical Procedures Market by Channel
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe Surgical Procedures Market by Type
10.3.1.8.2 Rest of Eastern Europe Surgical Procedures Market by Channel
10.3.2 Western Europe
10.3.2.1 Western Europe Surgical Procedures Market by Country
10.3.2.2 Western Europe Surgical Procedures Market by Type
10.3.2.3 Western Europe Surgical Procedures Market by Channel
10.3.2.4 Germany
10.3.2.4.1 Germany Surgical Procedures Market by Type
10.3.2.4.2 Germany Surgical Procedures Market by Channel
10.3.2.5 France
10.3.2.5.1 France Surgical Procedures Market by Type
10.3.2.5.2 France Surgical Procedures Market by Channel
10.3.2.6 UK
10.3.2.6.1 UK Surgical Procedures Market by Type
10.3.2.6.2 UK Surgical Procedures Market by Channel
10.3.2.7 Italy
10.3.2.7.1 Italy Surgical Procedures Market by Type
10.3.2.7.2 Italy Surgical Procedures Market by Channel
10.3.2.8 Spain
10.3.2.8.1 Spain Surgical Procedures Market by Type
10.3.2.8.2 Spain Surgical Procedures Market by Channel
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands Surgical Procedures Market by Type
10.3.2.9.2 Netherlands Surgical Procedures Market by Channel
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland Surgical Procedures Market by Type
10.3.2.10.2 Switzerland Surgical Procedures Market by Channel
10.3.2.11 Austria
10.3.2.11.1 Austria Surgical Procedures Market by Type
10.3.2.11.2 Austria Surgical Procedures Market by Channel
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe Surgical Procedures Market by Type
10.3.2.12.2 Rest of Western Europe Surgical Procedures Market by Channel
10.4 Asia-Pacific
10.4.1 Asia Pacific Surgical Procedures Market by Country
10.4.2 Asia Pacific Surgical Procedures Market by Type
10.4.3 Asia Pacific Surgical Procedures Market by Channel
10.4.4 China
10.4.4.1 China Surgical Procedures Market by Type
10.4.4.2 China Surgical Procedures Market by Channel
10.4.5 India
10.4.5.1 India Surgical Procedures Market by Type
10.4.5.2 India Surgical Procedures Market by Channel
10.4.6 Japan
10.4.6.1 Japan Surgical Procedures Market by Type
10.4.6.2 Japan Surgical Procedures Market by Channel
10.4.7 South Korea
10.4.7.1 South Korea Surgical Procedures Market by Type
10.4.7.2 South Korea Surgical Procedures Market by Channel
10.4.8 Vietnam
10.4.8.1 Vietnam Surgical Procedures Market by Type
10.4.8.2 Vietnam Surgical Procedures Market by Channel
10.4.9 Singapore
10.4.9.1 Singapore Surgical Procedures Market by Type
10.4.9.2 Singapore Surgical Procedures Market by Channel
10.4.10 Australia
10.4.10.1 Australia Surgical Procedures Market by Type
10.4.10.2 Australia Surgical Procedures Market by Channel
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific Surgical Procedures Market by Type
10.4.11.2 Rest of Asia-Pacific APAC Surgical Procedures Market by Channel
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East Surgical Procedures Market by Country
10.5.1.2 Middle East Surgical Procedures Market by Type
10.5.1.3 Middle East Surgical Procedures Market by Channel
10.5.1.4 UAE
10.5.1.4.1 UAE Surgical Procedures Market by Type
10.5.1.4.2 UAE Surgical Procedures Market by Channel
10.5.1.5 Egypt
10.5.1.5.1 Egypt Surgical Procedures Market by Type
10.5.1.5.2 Egypt Surgical Procedures Market by Channel
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia Surgical Procedures Market by Type
10.5.1.6.2 Saudi Arabia Surgical Procedures Market by Channel
10.5.1.7 Qatar
10.5.1.7.1 Qatar Surgical Procedures Market by Type
10.5.1.7.2 Qatar Surgical Procedures Market by Channel
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East Surgical Procedures Market by Type
10.5.1.8.2 Rest of Middle East Surgical Procedures Market by Channel
10.5.2 Africa
10.5.2.1 Africa Surgical Procedures Market by Country
10.5.2.2 Africa Surgical Procedures Market by Type
10.5.2.3 Africa Surgical Procedures Market by Channel
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria Surgical Procedures Market by Type
10.5.2.4.2 Nigeria Surgical Procedures Market by Channel
10.5.2.5 South Africa
10.5.2.5.1 South Africa Surgical Procedures Market by Type
10.5.2.5.2 South Africa Surgical Procedures Market by Channel
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa Surgical Procedures Market by Type
10.5.2.6.2 Rest of Africa Surgical Procedures Market by Channel
10.6 Latin America
10.6.1 Latin America Surgical Procedures Market by Country
10.6.2 Latin America Surgical Procedures Market by Type
10.6.3 Latin America Surgical Procedures Market by Channel
10.6.4 Brazil
10.6.4.1 Brazil Surgical Procedures Market by Type
10.6.4.2 Brazil Africa Surgical Procedures Market by Channel
10.6.5 Argentina
10.6.5.1 Argentina Surgical Procedures Market by Type
10.6.5.2 Argentina Surgical Procedures Market by Channel
10.6.6 Colombia
10.6.6.1 Colombia Surgical Procedures Market by Type
10.6.6.2 Colombia Surgical Procedures Market by Channel
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America Surgical Procedures Market by Type
10.6.7.2 Rest of Latin America Surgical Procedures Market by Channel
11 Company Profile
11.1 Johnson & Johnson
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Types Offered
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Medtronic
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services Offered
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Stryker Corporation
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services Offered
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Becton, Dickinson and Company (BD)
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services Offered
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Intuitive Surgical
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services Offered
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Zimmer Biomet Holdings
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services Offered
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Olympus Corporation
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services Offered
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Abbott Laboratories
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services Offered
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Boston Scientific Corporation
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/Services Offered
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Smith & Nephew
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services Offered
11.10.4 SWOT Analysis
11.10.5 The SNS View
11.11 Danaher Corporation
11.11.1 Company Overview
11.11.2 Financials
11.11.3 Product/Services Offered
11.11.4 SWOT Analysis
11.11.5 The SNS View
11.12 Karl Storz SE & Co. KG
11.12.1 Company Overview
11.12.2 Financials
11.12.3 Product/ Services Offered
11.12.4 SWOT Analysis
11.12.5 The SNS View
12. Competitive Landscape
12.1 Competitive Bench marking
12.2 Market Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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