Global Surgical Procedures Volume Market Overview
As per MRFR analysis, the Surgical Procedures Volume Market Size was estimated at 607.78 (USD Billion) in 2022.
The Surgical Procedures Volume Industry is expected to grow from 649.83 (USD Billion) in 2023 to 1,186.75 (USD Billion) by 2032. The Surgical Procedures Volume Market CAGR (growth rate) is expected to be around 6.92% during the forecast period (2024 - 2032).
Key Surgical Procedures Volume Market Trends Highlighted
The Surgical Procedures Volume Market is projected to experience significant growth in the coming years. Key market drivers include rising prevalence of chronic diseases, increasing access to healthcare services, and technological advancements in surgical techniques.
Key opportunities for growth lie in the development of minimally invasive and robotic-assisted surgeries, as well as the expansion of healthcare infrastructure in emerging markets.
Recent trends indicate a shift towards outpatient surgeries, personalized surgical plans, and the integration of artificial intelligence in surgical procedures. These factors are expected to shape the future growth trajectory of the surgical procedures volume market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Surgical Procedures Volume Market Drivers
Increasing Prevalence of Chronic Diseases
The Surgical Procedures Volume Market Industry is primarily driven by the expanding prevalence of chronic diseases, such as cancer, cardiovascular diseases, and diabetes. With the increasing incidence rates, the affected individuals often demand surgical remediation, compelling stakeholders in the healthcare systems to offer the services.
According to the World Health Organization, more than 70% of the global population die annually from the chronic-illness-triggered diseases.Such alarming statistics now underscore the importance of the problem and its effect on global healthcare systems. Moreover, as the population ages, the number of such diseases will continue to surge.
Technological Advancements
Moreover, advancements in surgical technologies are also a major factor fuelling growth in the Surgical Procedures Volume Industry. For instance, the introduction of minimally invasive surgical techniques such as laparoscopic and robotic surgery aids in facilitating a more effective patient outcome and reduced healing time. This is enabled by allowing the surgeon to perform intricate procedures with higher accuracy and control with relatively reduced scarring of tissue.In addition, the integration of advanced imaging technologies such as 3D imaging and Virtual Reality technology promotes a more accurate surgical planning and implementation process.
Rising Healthcare Expenditure
Increasing healthcare expenditure is also contributing to the growth of the Surgical Procedures Volume Market Industry. Governments and private health insurance providers are allocating more funds to healthcare, which is leading to increased access to surgical procedures for patients.
Additionally, the growing awareness of the importance of preventive care is leading individuals to seek surgical interventions to address health issues early on, further driving market growth.
Surgical Procedures Volume Market Segment Insights
Surgical Procedures Volume Procedure Type Insights
The Surgical Procedures Volume Market is segmented into various procedure types, including Cardiac Surgery, Orthopedic Surgery, Neurological Surgery, Gastrointestinal Surgery, and Cosmetic Surgery. Each segment exhibits unique market dynamics and growth trajectories.
Cardiac Surgery: The Cardiac Surgery segment encompasses procedures related to the heart and its major vessels. It includes surgeries such as coronary artery bypass grafting, valve repair or replacement, and heart transplantation.
The increasing prevalence of cardiovascular diseases, technological advancements, and growing awareness about heart health contribute to the growth of this segment.
Orthopedic Surgery: Orthopedic Surgery deals with conditions affecting the musculoskeletal system, including bones, joints, ligaments, and tendons.
It encompasses procedures such as joint replacement, fracture repair, and sports medicine surgeries. The rising incidence of musculoskeletal disorders, the aging population, and increasing demand for minimally invasive techniques drive the growth of this segment.
Neurological Surgery: Neurological Surgery focuses on the diagnosis and treatment of disorders affecting the nervous system, including the brain, spinal cord, and peripheral nerves.
It encompasses procedures such as brain tumor removal, spinal surgery, and epilepsy surgery. The increasing prevalence of neurological disorders, technological advancements in imaging and surgical techniques, and rising awareness about brain health contribute to the growth of this segment.
Gastrointestinal Surgery: Gastrointestinal Surgery involves procedures related to the digestive system, including the esophagus, stomach, small intestine, colon and rectum. It encompasses surgeries such as laparoscopic cholecystectomy, gastric bypass, and colorectal surgery.
The rising incidence of gastrointestinal disorders, such as obesity and inflammatory bowel disease, along with the increasing adoption of minimally invasive techniques, drive the growth of this segment.
Cosmetic Surgery: Cosmetic Surgery encompasses procedures aimed at improving the appearance or function of various body parts. It includes surgeries such as breast augmentation, liposuction, and rhinoplasty. The growing demand for aesthetic enhancements, rising disposable incomes, and increasing awareness about cosmetic procedures contribute to the growth of this segment.
The Surgical Procedures Volume Market is expected to witness significant growth in the coming years, driven by factors such as rising healthcare expenditure, increasing prevalence of chronic diseases, technological advancements, and growing demand for minimally invasive procedures.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Surgical Procedures Volume End-User Insights
The Surgical Procedures Volume Market is segmented by End-User into Hospitals, Ambulatory Surgery Centers, Clinics, and Other Healthcare Facilities. The Hospitals segment dominated the market and held the largest share in 2023. The high growth was attributed to the increasing number of surgical procedures performed in hospitals that result from the increasing prevalence of chronic diseases and the rising demand for minimally invasive surgeries, among others, in the region.
Ambulatory Surgery Centers is the fastest-growing segment over the forecast period.This can be attributed to the increasing preference for outpatient surgeries and the rising demand for cost-effective surgical procedures mostly in the region. Clinics and Other Healthcare Facilities are also anticipated to grow significantly over the forecast period. This is attributable to the growing number of specialized surgical procedures in clinics.
Surgical Procedures Volume Patient Age Insights
The Surgical Procedures Volume Market segmentation by Patient Age is categorized into Pediatric (18 years), Adult (18-64 years) and Geriatric (65+ years). Among these segments, the Adult segment is expected to hold the largest market share in 2023, accounting for more than 60% of the global market revenue. This is primarily due to the higher prevalence of chronic diseases and age-related conditions in the adult population, leading to a greater demand for surgical interventions.
The Geriatric segment is also expected to witness significant growth, driven by the increasing geriatric population and the rising prevalence of age-related surgical procedures.The Pediatric segment, while accounting for a smaller market share, is expected to grow steadily due to the increasing focus on improving healthcare outcomes for children and the rising prevalence of pediatric surgical conditions.
Surgical Procedures Volume Surgical Approach Insights
The Surgical Procedures Volume Market is segmented based on the Surgical Approach into Open Surgery, Minimally Invasive Surgery, and Robotic Surgery. Open Surgery is the traditional approach involving a large incision to access the surgical site. Minimally Invasive Surgery (MIS) utilizes smaller incisions and specialized instruments to perform complex procedures with less trauma.
Robotic Surgery is a cutting-edge technique where surgeons operate through a robotic interface, providing enhanced precision and control. In 2023, the Surgical Procedures Volume Market for Open Surgery was valued at USD 364.4 billion, while MIS and Robotic Surgery accounted for USD 212.7 billion and USD 72.6 billion, respectively.
Surgical Procedures Volume Anesthesia Type Insights
The Anesthesia Type segment plays a crucial role in the Surgical Procedures Volume Market, with each type catering to specific surgical needs and patient preferences. General Anesthesia, characterized by the administration of inhaled or intravenous agents, accounted for a significant portion of the market in 2023, valued at approximately USD 346.75 billion. Its dominance is attributed to its effectiveness in rendering patients unconscious during major surgeries, ensuring patient comfort and reducing the risk of intraoperative awareness.
Local Anesthesia, involving the injection of anesthetic agents directly into the surgical site, is another widely used technique, particularly in minor surgeries and procedures, and held a market share of around USD 196.29 billion in 2023.Its advantages include minimal systemic effects, faster recovery time, and cost-effectiveness. Regional Anesthesia, which involves blocking nerve pathways to numb a specific body region, accounted for approximately USD 152.68 billion in 2023.
It offers advantages such as pain relief while maintaining consciousness reduced nausea and vomiting, and faster recovery. The Surgical Procedures Volume Market revenue for Anesthesia Type is projected to grow steadily in the coming years, reaching an estimated USD 610.29 billion by 2032, driven by factors such as increasing surgical volumes, technological advancements, and rising patient awareness.
Surgical Procedures Volume Regional Insights
The Surgical Procedures Volume Market is segmented into North America, Europe, APAC, South America and MEA. Regionally, North America is expected to hold the largest market share of 38.5% in 2023 and is projected to reach USD 454.7 billion by 2032, exhibiting a CAGR of 6.5% during the forecast period. The growth of the surgical procedures volume market in North America can be attributed to various factors, including the high prevalence of chronic diseases, technological advancements, and rising healthcare expenditure.
Additionally, the increasing demand for minimally invasive surgeries is driving market growth. The European market is expected to account for a significant share of the Surgical Procedures Volume Market due to rising healthcare expenditure and technological advancements.
The APAC region is anticipated to witness the fastest growth over the forecast period owing to increasing healthcare awareness and the presence of a large population base. The South American market is also expected to grow steadily due to rising healthcare expenditure and government initiatives aimed at improving healthcare infrastructure.
The MEA region is projected to experience moderate growth due to increasing healthcare awareness and government initiatives aimed at improving healthcare infrastructure.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Surgical Procedures Volume Market Key Players And Competitive Insights
Major players in Surgical Procedures Volume Market industry are continuously striving to gain a competitive edge by focusing on the development of innovative technologies and strategic collaborations. Leading Surgical Procedures Volume Market players are also investing heavily in research and development activities to enhance their product portfolio and cater to the evolving needs of patients. The Surgical Procedures Volume industry is highly fragmented, with a large number of players operating at regional and global levels.
To gain a competitive advantage, key players are adopting strategies such as mergers, acquisitions, and partnerships to expand their presence and strengthen their market position. The competitive landscape of the Surgical Procedures Volume Market is expected to remain dynamic in the coming years, driven by the continuous advancements in technology and the increasing prevalence of chronic diseases.Among the leading Surgical Procedures Volume Market players, Johnson Johnson is a global healthcare giant with a strong presence in the surgical procedures segment.
The company offers a wide range of surgical instruments, medical devices, and pharmaceuticals, catering to a diverse range of surgical specialties. Johnson Johnson's commitment to innovation has resulted in the development of cutting-edge surgical technologies, such as robotic surgery systems and advanced wound care solutions. The company's global reach and extensive distribution network enable it to serve healthcare providers and patients worldwide. Johnson Johnson's strong brand recognition and reputation for quality make it a formidable competitor in the Surgical Procedures Volume Market.Another major competitor in the Surgical Procedures Volume Market is Medtronic, a leading medical device company headquartered in the United States.
Medtronic specializes in developing and manufacturing a broad range of medical devices, including surgical instruments, implants, and monitoring systems. The company has a strong presence in the cardiovascular, neurological and spinal surgery markets. Medtronic's focus on innovation and technology has led to the development of advanced surgical solutions, such as robotic-assisted surgery systems and surgical navigation technologies. Medtronic's global presence and strong relationships with healthcare providers make it a significant player in the Surgical Procedures Volume Market.
Key Companies in the Surgical Procedures Volume Market Include
- Braun Melsungen
- BD
- Medtronic
- Stryker
- Olympus Corporation
- Terumo Corporation
- Abbott Laboratories
- Smith Nephew
- Conmed
- Zimmer Biomet
- Getinge
- Johnson Johnson
- Asahi Intecc
- Baxter International
- Fresenius Medical Care
Surgical Procedures Volume Industry Developments
The Surgical Procedures Volume Market is expected to witness significant growth between 2024 and 2032, driven by factors such as the rising prevalence of chronic diseases, technological advancements, and increasing healthcare expenditure.
The market is estimated to be valued at USD 649.83 billion in 2023 and is projected to reach USD 1186.75 billion by 2032, exhibiting a CAGR of 6.92%. The increasing demand for minimally invasive surgeries, coupled with the growing geriatric population, is further contributing to the market growth.
Recent advancements in robotic surgery and the adoption of AI-powered systems are expected to revolutionize the surgical landscape, leading to improved patient outcomes and reduced recovery times. Key players in the market are focusing on strategic partnerships, mergers, and acquisitions to expand their product portfolios and gain a competitive edge.
Ongoing research and development initiatives are expected to drive innovation and introduce new surgical techniques, further shaping the future of the Surgical Procedures Volume Market.
Surgical Procedures Volume Market Segmentation
Surgical Procedures Volume Procedure Type Outlook
- Cardiac Surgery
- Orthopedic Surgery
- Neurological Surgery
- Gastrointestinal Surgery
- Cosmetic Surgery
Surgical Procedures Volume End-User Outlook
- Hospitals
- Ambulatory Surgery Centers
- Clinics
- Other Healthcare Facilities
Surgical Procedures Volume Patient Age Outlook
- Pediatric (18 years)
- Adult (18-64 years)
- Geriatric (65+ years)
Surgical Procedures Volume Surgical Approach Outlook
- Open Surgery
- Minimally Invasive Surgery
- Robotic Surgery
Surgical Procedures Volume Anesthesia Type Outlook
- General Anesthesia
- Local Anesthesia
- Regional Anesthesia
Surgical Procedures Volume Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
607.78 (USD Billion) |
| Market Size 2023 |
649.83 (USD Billion) |
| Market Size 2032 |
1186.75 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
6.92% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
B. Braun Melsungen, BD, Medtronic, Stryker, Olympus Corporation, Terumo Corporation, Abbott Laboratories, Smith Nephew, Conmed, Zimmer Biomet, Getinge, Johnson Johnson, Asahi Intecc, Baxter International, Fresenius Medical Care |
| Segments Covered |
Procedure Type, End-User, Patient Age, Surgical Approach, Anesthesia Type, Regional |
| Key Market Opportunities |
Growing demand for minimally invasive surgeries Technological advancements Increasing prevalence of chronic diseases Expansion of healthcare facilities Rising demand for cosmetic surgeries |
| Key Market Dynamics |
Technological advancements, the rising prevalence of chronic diseases, increasing healthcare expenditure growing geriatric population improved healthcare infrastructure |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Surgical Procedures Volume Market is expected to reach a valuation of 1186.75 billion USD by 2032, growing at a CAGR of 6.92% from 2024 to 2032.
North America is the largest region in the Surgical Procedures Volume Market, followed by Europe and Asia-Pacific.
Surgical procedures are used in a wide range of applications, including Orthopedic Surgery, General Surgery and Cardiovascular Surgery.
Key competitors in the Surgical Procedures Volume Market include Johnson Johnson, Medtronic, and Stryker.
The growth of the Surgical Procedures Volume Market is driven by factors such as the increasing prevalence of chronic diseases, the aging population, and the rising demand for minimally invasive surgeries.
Challenges faced by the Surgical Procedures Volume Market include the high cost of surgical procedures, the shortage of skilled surgeons, and the increasing regulatory burden.
Key trends in the Surgical Procedures Volume Market include the increasing adoption of robotic surgery, the use of artificial intelligence in surgical planning, and the development of personalized surgical treatments.
The Surgical Procedures Volume Market is expected to grow at a CAGR of 6.92% from 2024 to 2032.
Key opportunities in the Surgical Procedures Volume Market include the development of new surgical technologies, the expansion of surgical services into emerging markets, and the increasing demand for cosmetic surgeries.
Key threats to the Surgical Procedures Volume Market include the increasing cost of healthcare, the shortage of skilled surgeons, and the development of less invasive surgical techniques.
