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Surgical Procedures Volume Market Revenues is Anticipated to Reach 1.5 Billion by 2050
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According to TMR, the global surgical procedures volume market is anticipated to reach 2.2 billion procedures by 2023. On the basis of geography, North America is the fastest growing Market and Asian Pacific is leading on account of the growing incidences of cardiovascular diseases, neurological disorders, traumatic injuries, and introduction of advanced surgical technologies.
The market in North America is growing rapidly on account of the rising number of C-section surgeries, growing demand for minimally invasive surgical procedures, efficient and advanced health care infrastructure, and favourable reimbursement policies. In terms of volume, the gynaecological surgical procedures segment is leading in the market due to precise prognosis and treatment of disorders. The orthopaedic procedures segment, neurological segment, cardiovascular procedures, and dental segments are also lucrative.
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According to the lead author of the report, “the growing geriatric population is one of the key factors boosting surgical procedures.” The rising demand for minimally invasive procedures, advancements in technology in the medical sector, and rising investments for the improvement of the healthcare infrastructure are helping this market to grow. Rising incidences of trauma and the damage caused by accidents, street mishaps and the rising incidences of various chronic diseases are helping the market for surgical procedures to grow. The increasing spending capability of patients today as well as favourable reimbursement policies in various nations are also creating of favourable environment for the growth of the surgical procedures volume market.
On the other hand, the market will suffer on account of the high cost of surgeries, especially in underdeveloped regions. The lack of favourable reimbursement policies in some countries will also affect the market’s growth negatively. However, on a brighter note, the healthcare environment is changing and even the infrastructure in developing nations are improving due to efforts taken by government and several NGOs. This will help drive the growth of the global surgical procedures market in the coming years.
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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