Surgical Procedures Market Forecast to 2031: How it is going to...

Surgical Procedures Market Forecast to 2031: How it is going to Impact on Global Industry to Grow in Near Future

Posted 2024-06-24 17:42:09

Market Size

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

Market Dynamics

Increasing Surgical Interventions:
- The growing prevalence of chronic diseases and advancements in surgical techniques are driving the demand for surgical procedures.
Technological Advancements in Surgery:
- Innovations in minimally invasive surgeries, robotic-assisted surgeries, and advanced imaging techniques are enhancing surgical outcomes.
Rising Geriatric Population:
- The aging population is contributing to the demand for surgical procedures, especially for age-related conditions.
Expanding Healthcare Infrastructure:
- Growth in healthcare facilities and investments in surgical equipment are supporting market growth.

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Segmentation Analysis

The market can be segmented based on:

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. The market is poised for continuous innovation in surgical techniques and equipment, further boosting market growth.