April 19, 2024

Surgical Procedures Market Size To Gain USD 5.10 trn by 2032

The surgical procedures market size is poised to grow by USD 5.10 trillion by 2032 from USD 3.15 trillion in 2023, exhibiting a CAGR of 5.50% during the forecast period 2023-2032.

Surgical Procedures Market Size 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.

Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the Surgical procedures market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.

To begin with, the Surgical procedures Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.

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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

Read More: Telerehabilitation Market Size To Rake USD 12.90 Bn By 2032

Opportunities:

  • Technological Advancements: Continued innovations in surgical techniques and equipment can enhance precision and minimize invasiveness.
  • Global Market Expansion: Increased demand for surgical procedures globally presents opportunities for market growth and expansion.
  • Rising Geriatric Population: The aging population often requires more surgical interventions, creating a consistent demand for surgical procedures.
  • Minimally Invasive Surgery (MIS): The trend towards less invasive procedures provides opportunities for companies specializing in MIS technologies.
  • Telemedicine Integration: Utilizing telemedicine for pre and post-operative consultations can streamline processes and improve patient care.

Challenges:

  • Regulatory Compliance: Stringent regulations and compliance standards can pose challenges for market entry and product approval.
  • High Initial Costs: Developing and implementing cutting-edge surgical technologies can involve substantial initial investments.
  • Skill Shortage: A shortage of skilled surgeons may limit the widespread adoption of advanced surgical procedures.
  • Ethical Concerns: Issues surrounding the ethics of certain surgical procedures may lead to public skepticism and regulatory scrutiny.
  • Competition: The market is highly competitive, and companies must continuously innovate to maintain a competitive edge.

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

Data Sources and Methodology

To gather comprehensive insights on the Global Surgical procedures Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.

We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global Surgical procedures Market.

The most resonating, simple, genuine, and important causes because of which you must decide to buy the Surgical procedures market report exclusively from precedence research

  • The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.

Key Features of the Report:

  • Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
  • Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
  • Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.

Market Segmentation:

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

Reasons to Consider Purchasing the Report:

  • Enhance your market research capabilities by accessing this comprehensive and precise report on the global Surgical procedures market.
  • Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
  • Benefit from in-depth research and analysis of the latest trends shaping the global Surgical procedures market.
  • Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global Surgical procedures market.
  • Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
  • Discover not only the cutting-edge technological advancements in the global Surgical procedures market but also the strategic plans of industry leaders.

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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