Surgical Procedures Market Size, Key Vendors, Growth Rate, Drivers,...

Surgical Procedures Market Size, Key Vendors, Growth Rate, Drivers, and Volume & Forecast Report to 2024-2031

Posted 2024-06-24 17:42:28

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Market Overview

The Surgical Procedures Market was estimated at USD 10,827 million in 2022 and is projected to reach USD 14,257.09 million by 2030, growing at a compound annual growth rate (CAGR) of 3.5% during the forecast period (2023-2030).

Market Drivers

Increasing Surgical Interventions
- The prevalence of chronic diseases and the need for surgical treatments are rising, driving the demand for surgical procedures.
- Advancements in surgical techniques are further enhancing the effectiveness and outcomes of surgeries.
Technological Advancements in Surgery
- Innovations in minimally invasive surgeries, robotic-assisted surgeries, and advanced imaging techniques are improving surgical precision and patient outcomes.
- These advancements are reducing recovery times and hospital stays, contributing to the market growth.
Rising Geriatric Population
- The aging population is increasingly requiring surgical interventions for age-related conditions such as joint replacements and cardiovascular surgeries.
- This demographic shift is a significant driver for the surgical procedures market.
Expanding Healthcare Infrastructure
- Growth in healthcare facilities, particularly in emerging economies, and investments in surgical equipment are supporting the market expansion.
- Improved access to healthcare services is driving the demand for surgical procedures.

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Segmentation Analysis

Type of Surgery
- Cardiovascular Surgeries
- Neurosurgeries
- Orthopedic Surgeries
- Plastic Surgeries
- Gynecological Surgeries
- Urological Surgeries
- Others
End-user
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Specialty Clinics
- Others
Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa

Key Players

Major players in the Surgical Procedures Market include:

Medtronic plc
Johnson & Johnson
Stryker Corporation
Intuitive Surgical, Inc.
Zimmer Biomet Holdings, Inc.
Smith & Nephew plc

Future Outlook

The Surgical Procedures Market is expected to witness steady growth, driven by increasing surgical interventions, technological advancements, and expanding healthcare infrastructure globally. Continued innovations in surgical techniques and equipment are anticipated to further propel market growth.