Surgical Procedures Market Key Players, Demands, Trends, Growth Rate, Size, Share and Forecasts to 2028

The US surgical procedures market is projected to reach 1,27,748.5 thousand procedures by 2028 from 1,08,275.5 thousand procedures in 2023, at a CAGR of 3.4% during the forecast period. Growth in the US surgical procedures market is mainly attributed to the rapidly ageing population leading to a higher demand for surgical interventions, the increasing prevalence of chronic diseases, and the advancements in surgical techniques propelled by technological innovations. Conversely, complications associated with surgical procedures, dearth of surgeons and surgical errors are expected to challenge market growth to a certain extent.

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The surgical procedures market refers to the global industry involved in performing various types of surgical interventions or operations to diagnose, treat, or prevent diseases and medical conditions. It encompasses a wide range of procedures performed by healthcare professionals such as surgeons, anesthesiologists, and nurses.

The surgical procedures market is a vital component of the healthcare industry and plays a crucial role in improving patient outcomes and quality of life. Advancements in medical technology, increasing prevalence of chronic diseases, growing aging population, and rising demand for minimally invasive procedures are some of the factors driving the growth of this market.

Ambulatory surgery centers segment is estimated to witness fastest growth during the forecast period

Based on channel, the US surgical procedures market is segmented into physician offices, hospitals, and ambulatory surgery centers. The hospitals segment is further bifurcated into inpatient and outpatient surgeries. In 2022, the physician offices segment accounted for the largest share of this market followed by hospitals and ambulatory surgery centers. The ambulatory surgery centers segment is estimated to grow at the highest CAGR during the forecast period. The preference for ASCs has risen due to numerous factors including lower costs than hospital outpatient departments (HOPDs), effective postoperative care, limited hospitalization time, limited risk of disease relapse, and faster patient recovery. A review of commercial medical claims published by the ASCA also reported that healthcare costs in the US were reduced by USD 38 billion each year due to the availability of ASCs as an alternative. The potential for cost reductions, the growing patient population, and the rising demand for better and quicker care among patients is expected to drive growth in ASCs.

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