Press release
Global Surgical Procedures Volume Market Segmentation, By Geography 2015 - 2023
The global surgical procedures volume market is dominated by a few players, although they are facing significant competition from local players in respective regional markets. The availability of advanced wound closure material presents a potential threat for the sutures and staples market. However, surgical handheld instruments face major roadblock only from internal substitutes (electrosurgical devices), having no impact on the overall surgical equipment market.
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Vast Population Base makes Asia Pacific Most Profitable Region
On the basis of procedure, the global surgical procedure volume market has been segmented into cardiovascular, orthopedic, neurosurgery, ophthalmic, gynecology, and other procedures, including urology and dental. The ophthalmic procedure segment held the maximum share in the global market in 2014, accounting for US$42.3 bn that year, primarily due to increasing number of ophthalmic surgeries across the globe and the introduction of advanced surgical technologies. However, the gynecology procedure segment is anticipated to grow at a high CAGR of 6.6% during the forecast period. The prominent factors attributed to this growth include a rise in the prevalence of gynecology diseases, changing lifestyle, and surgical up-gradation. The report finds that in 2014, the volume of surgical procedures was 135,986,269, which is anticipated to reach 222,157,438 by 2023.
Geographically, the report studies the regional markets of North America, Europe, Asia Pacific, Latin America, and the Rest of the World. In 2014, Asia Pacific held the maximum market share, at 40.3%, and the region is expected to remain highly prominent during the forecast period. This demand from Asia Pacific is owing to factors such as massive patient base, increasing incidence of cardiovascular diseases, traumatic injuries, neurological disorders, and the introduction of advanced surgical technologies.
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Prevalence of Cardiovascular Diseases Driving Demand
Rising geriatric population directly affects the growth and development of cardiac pacemaker products. This is primarily due to the fact that elderly people are highly susceptible to heart diseases such as sick sinus syndrome and atrioventricular blockage. According to the American Heart Association, cardiovascular disease is the leading cause of death globally. Currently, 17.3 million deaths occur per year. A rise in injuries, technological advancements, and rising incidences of cardiovascular, gynecological, neurological, and urological disorders are also seen as factors boosting market growth
Conversely, the rising cost of healthcare as well as complications and infections related to surgical procedures are the factors that may hinder the growth of the global surgical procedures volume market. The shift towards minimally-invasive surgeries is seen as an opportunity in the market.
The author of the report states, “The future of surgery includes making smaller scars, and giving rise to fewer complications. The focus will be on key technologies such as single-incision laparoscopic surgery (SILS).” The author also identifies the development of robotic surgeries for market players to focus on, which is now widely used in operating rooms to perform highly complex and intricate surgeries, with less pain and recovery time.
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The information presented in this review is based on a Transparency Market Research report, titled, “Surgical Procedures Volume Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015–2023.”
Key Segments of the Global Surgical Procedures Volume Market
Global Surgical Procedures Volume Market, by Type
Cardiovascular Procedures
Cardiac Rhythm Management Device Implantations
Cardiac Pacemaker Procedures
Implantable Cardioverter Defibrillators
Interventional Cardiology Procedures
Cardiac Catheterization
Coronary Revascularization
Coronary Angiography
Heart Transplantations
Neurosurgery Procedures
Craniotomy
Aneurysm Coil Embolization
CSF Drainage
CSF Shunt
Orthopedic Procedures
Joint Replacement Surgery
Knee Replacement
Hip Replacement
Shoulder Replacement
Ligament/Tendon Repair
Spine Surgery Market
Spinal Fusion
Others
Ophthalmic Procedures
Cataract Surgery
Glaucoma Surgery
Refractive Surgery
Gynecology Procedures
Hysterectomy
Laparoscopic Hysterectomy
Uterine Artery Embolization
Cesarean Section
Other Procedure
Urology Procedure
Dental Procedure
Global Surgical Procedures Volume Market, by Geography
North America
U.S.
Canada
Europe
U.K.
Germany
Rest of Europe
Asia-Pacific
China
Japan
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of LATAM
Rest of the World
Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Global Surgical Procedure Volumes Market, by Procedure Type, 2015 - 2023
Transparency Market Research has published a new market report titled, “Surgical Procedures Volume Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023.” According to the report, the global surgical procedures volume market stood at 1.3 Bn procedures in 2014 and is estimated to reach 2.2 Bn procedures by 2023 at a CAGR of 5.6% from 2015 to 2023.
Technological advances have not only expanded the surgical…
