Analysts’ Viewpoint on Surgical Procedures Volume Market Scenario
According to the American Heart Association, over 5 million people in the U.S. are diagnosed with heart valve disease each year, thereby making coronary angiography the leading application of interventional cardiology procedures. However, cardiovascular surgeries are associated with disadvantages such as therapeutic catheterization. Hence, stakeholders in the surgical procedures volume market should increase awareness about training programs for surgeons, doctors, and other medical staff to prevent therapeutic catheterization and improve patient outcomes. Control and prevention through lifestyle changes for individuals suffering from cardiovascular diseases have been included in public health interventions. It has been found that CVD, like many other non-communicable diseases, has become a global public health priority.
The expansion of the surgical procedures volume market can be attributed to the ever-increasing geriatric population in Asia Pacific and rise in the burden of chronic diseases. The surging healthcare expenditure in the countries of Asia is expected to continue during the assessment tenure. The medical tourism industry in Asia Pacific saw 10 million patients and EUR 15 Bn to EUR 17 Bn in revenue in 2016. In 2016, India hosted over 4 million medical tourists, generating around EUR 4 Bn in the healthcare industry. Similarly, 3.5 million foreign patients spent more than EUR 4 Bn on healthcare in Thailand, since Thailand is known to be one of the most advanced medical tourism sectors in the world.
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There has been a decline in elective surgical procedures due to the ongoing coronavirus pandemic. However, the reopening of healthcare facilities as per their usual medical practices is encouraging patients to seek surgical treatments. Such trends are increasing footfalls in hospitals, thus helping to revive growth of the surgical procedures volume market.
Stakeholders in the surgical procedures volume market are focusing on positive to limited negative sectors such as cardiovascular procedures, neurosurgery procedures, and orthopedic procedures to keep revenue flowing in the global healthcare ecosystem. Med-tech companies are analyzing their high risk clients and customers where recovery of debt may be an issue.
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The increase in geriatric population across the world has been identified as a major factor triggering the growth of the surgical procedures volume market, as chronic diseases are common in elderly people. The ever-expanding global population over 65 years of age is projected to boost market growth. According to the U.S. Census Board, people older than 65 years represented around 13% of the total population, and this percentage is estimated to reach 20% by 2030. As suggested by the World Health Organization (WHO), the global geriatric population is predicted to reach 1.5 billion by 2050. Countries with a high grey population are the U.S., Japan, and Germany. Other factors driving the surgical procedures volume market include the rise in the number of trauma injury cases.
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Due to changing lifestyle and rising disposable income, the gynecology segment is projected to grow at an exponential rate during the forecast period. Increase in per capita income in emerging markets and better diagnosis of gynecological disorders such as cervical cancers, menorrhagia, and uterine fibroids are translating into growth opportunities for market stakeholders. The growing awareness about different gynecological conditions is encouraging women to seek treatment and undergo surgical procedures.
Cesarean section rates are increasing globally, as many patients opt for the procedure on request without clinical indication. Since gynecology surgeries and procedures are potentially complicated, stakeholders are increasing R&D to meet requirements for pelvic laparoscopy, cervical cryosurgery, hysteroscopy, and colposcopy, among others.
Companies in the surgical procedures volume market are establishing stable income sources in the cardiovascular (CVD) segment by focusing on improvements in heart transplantation, cardiac rhythm management devices implantations, and interventional cardiology procedures.
The growing number of interventional cardiology procedures has led to a rise in the usage of cardiac catheterization in structural heart disease. However, adverse effects of this technique is leading to the increase in incidence of therapeutic catheterization. This is triggering the need for proper training of surgeons and medical staff in order to improve patient quality of life.
Attribute | Detail |
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Market Size Value in 2020 | US$ 1.7 Bn |
Market Forecast Value in 2028 | US$ 2.6 Bn |
Growth Rate (CAGR) | 5.5% |
Forecast Period | 2021-2028 |
Quantitative Units | US$ Mn for Value |
Market Analysis | It includes cross segment analysis at global as well as regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, and parent industry overview. |
Competition Landscape |
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Format | Electronic (PDF) + Excel |
Market Segmentation |
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Regions Covered |
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Countries Covered |
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Customization Scope | Available upon request |
Pricing | Available upon request |
Surgical Procedures Volume Market – Segmentation
Attribute | Detail |
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Procedure Type |
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Region |
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Surgical procedures volume market is expected to reach the value of US$ 2.6 Bn by the end of 2028
Surgical procedures volume market is estimated to expand at a CAGR of 5.5% from 2021 to 2028
Surgical procedures volume market is driven by increase in geriatric population across the world and increase in incidence of chronic disorders
The cardiovascular procedures segment dominated the global surgical procedures volume market and the trend is projected to continue during the forecast period
Asia Pacific dominated the global surgical procedures volume market, due to increase in incidence of cardiovascular diseases
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Surgical Procedures Volume Market
4. Market Overview
4.1. Introduction
4.1.1. Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Surgical Procedures Volume Market Analysis and Forecast, 2017-2031
5. Key Insights
5.1. Technological Advancements
5.2. Regulatory Scenario, by Region/globally
5.3. COVID-19 Pandemics Impact on Industry
6. Global Surgical Procedures Volume Market Analysis and Forecast, By Procedure Type
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Volume Forecast, by Procedure Type, 2017-2031
6.3.1. Cardiovascular Procedures
6.3.1.1. Cardiac Rhythm Management Device Implantations
6.3.1.2. Interventional Cardiology Procedures
6.3.1.3. Heart Transplantations
6.3.2. Neurosurgery Procedures
6.3.2.1. Craniotomy
6.3.2.2. Aneurysm Coil Embolization
6.3.2.3. CSF Drainage
6.3.2.4. CSF Shunt
6.3.3. Orthopedic Procedures
6.3.3.1. Joint Replacement Surgery
6.3.3.2. Ligament/Tendon Repair
6.3.3.3. Spine Surgery Market
6.3.4. Ophthalmic Procedures
6.3.4.1. Cataract Surgery
6.3.4.2. Glaucoma Surgery
6.3.4.3. Refractive Surgery
6.3.5. Gynecology Procedures
6.3.6. Other procedures
6.4. Market Attractiveness Analysis, By Procedure Type
7. Global Surgical Procedures Volume Market Analysis and Forecast, By Region
7.1. Key Findings
7.2. Market Volume Forecast, by Region
7.2.1. North America
7.2.2. Europe
7.2.3. Asia Pacific
7.2.4. Latin America
7.2.5. Middle East & Africa
7.3. Market Attractiveness Analysis, By Region
8. North America Surgical Procedures Volume Market Analysis and Forecast
8.1. Introduction
8.1.1. Key Findings
8.2. Market Volume Forecast, by Procedure Type, 2017-2031
8.2.1. Cardiovascular Procedures
8.2.1.1. Cardiac Rhythm Management Device Implantations
8.2.1.2. Interventional Cardiology Procedures
8.2.1.3. Heart Transplantations
8.2.2. Neurosurgery Procedures
8.2.2.1. Craniotomy
8.2.2.2. Aneurysm Coil Embolization
8.2.2.3. CSF Drainage
8.2.2.4. CSF Shunt
8.2.3. Orthopedic Procedures
8.2.3.1. Joint Replacement Surgery
8.2.3.2. Ligament/Tendon Repair
8.2.3.3. Spine Surgery Market
8.2.4. Ophthalmic Procedures
8.2.4.1. Cataract Surgery
8.2.4.2. Glaucoma Surgery
8.2.4.3. Refractive Surgery
8.2.5. Gynecology Procedures
8.2.6. Other Procedure
8.3. Market Volume Forecast, by Country, 2017-2031
8.3.1. U.S.
8.3.2. Canada
8.4. Market Attractiveness Analysis
8.4.1. By Procedure Type
8.4.2. By Country
9. Europe Surgical Procedures Volume Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Volume Forecast, by Procedure Type, 2017-2031
9.2.1. Cardiovascular Procedures
9.2.1.1. Cardiac Rhythm Management Device Implantations
9.2.1.2. Interventional Cardiology Procedures
9.2.1.3. Heart Transplantations
9.2.2. Neurosurgery Procedures
9.2.2.1. Craniotomy
9.2.2.2. Aneurysm Coil Embolization
9.2.2.3. CSF Drainage
9.2.2.4. CSF Shunt
9.2.3. Orthopedic Procedures
9.2.3.1. Joint Replacement Surgery
9.2.3.2. Ligament/Tendon Repair
9.2.3.3. Spine Surgery Market
9.2.4. Ophthalmic Procedures
9.2.4.1. Cataract Surgery
9.2.4.2. Glaucoma Surgery
9.2.4.3. Refractive Surgery
9.2.5. Gynecology Procedures
9.2.6. Other procedures
9.3. Market Volume Forecast, by Country/Sub-region, 2017-2031
9.3.1. Germany
9.3.2. U.K.
9.3.3. France
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe
9.4. Market Attractiveness Analysis
9.4.1. By Procedure Type
9.4.2. By Country/Sub-region
10. Asia Pacific Surgical Procedures Volume Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Volume Forecast, by Procedure Type, 2017-2031
10.2.1. Cardiovascular Procedures
10.2.1.1. Cardiac Rhythm Management Device Implantations
10.2.1.2. Interventional Cardiology Procedures
10.2.1.3. Heart Transplantations
10.2.2. Neurosurgery Procedures
10.2.2.1. Craniotomy
10.2.2.2. Aneurysm Coil Embolization
10.2.2.3. CSF Drainage
10.2.2.4. CSF Shunt
10.2.3. Orthopedic Procedures
10.2.3.1. Joint Replacement Surgery
10.2.3.2. Ligament/Tendon Repair
10.2.3.3. Spine Surgery Market
10.2.4. Ophthalmic Procedures
10.2.4.1. Cataract Surgery
10.2.4.2. Glaucoma Surgery
10.2.4.3. Refractive Surgery
10.2.5. Gynecology Procedures
10.2.6. Other procedures
10.3. Market Volume Forecast, by Country/Sub-region, 2017-2031
10.3.1. China
10.3.2. Japan
10.3.3. India
10.3.4. Australia & New Zealand
10.3.5. Rest of Asia Pacific
10.4. Market Attractiveness Analysis
10.4.1. By Procedure Type
10.4.2. By Country/Sub-region
11. Latin America Surgical Procedures Volume Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Volume Forecast, by Procedure Type, 2017-2031
11.2.1. Cardiovascular Procedures
11.2.1.1. Cardiac Rhythm Management Device Implantations
11.2.1.2. Interventional Cardiology Procedures
11.2.1.3. Heart Transplantations
11.2.2. Neurosurgery Procedures
11.2.2.1. Craniotomy
11.2.2.2. Aneurysm Coil Embolization
11.2.2.3. CSF Drainage
11.2.2.4. CSF Shunt
11.2.3. Orthopedic Procedures
11.2.3.1. Joint Replacement Surgery
11.2.3.2. Ligament/Tendon Repair
11.2.3.3. Spine Surgery Market
11.2.4. Ophthalmic Procedures
11.2.4.1. Cataract Surgery
11.2.4.2. Glaucoma Surgery
11.2.4.3. Refractive Surgery
11.2.5. Gynecology Procedures
11.2.6. Other procedures
11.3. Market Volume Forecast, by Country/Sub-region, 2017-2031
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Rest of Latin America
11.4. Market Attractiveness Analysis
11.4.1. By Procedure Type
11.4.2. By Country/Sub-region
12. Middle East & Africa Surgical Procedures Volume Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Volume Forecast, by Procedure Type, 2017-2031
12.2.1. Cardiovascular Procedures
12.2.1.1. Cardiac Rhythm Management Device Implantations
12.2.1.2. Interventional Cardiology Procedures
12.2.1.3. Heart Transplantations
12.2.2. Neurosurgery Procedures
12.2.2.1. Craniotomy
12.2.2.2. Aneurysm Coil Embolization
12.2.2.3. CSF Drainage
12.2.2.4. CSF Shunt
12.2.3. Orthopedic Procedures
12.2.3.1. Joint Replacement Surgery
12.2.3.2. Ligament/Tendon Repair
12.2.3.3. Spine Surgery Market
12.2.4. Ophthalmic Procedures
12.2.4.1. Cataract Surgery
12.2.4.2. Glaucoma Surgery
12.2.4.3. Refractive Surgery
12.2.5. Gynecology Procedures
12.2.6. Other procedures
12.3. Market Volume Forecast, by Country/Sub-region, 2017-2031
12.3.1. GCC Countries
12.3.2. South Africa
12.3.3. Rest of Middle East & Africa
12.4. Market Attractiveness Analysis
12.4.1. By Procedure Type
12.4.2. By Country/Sub-region
13. Competition Landscape
13.1. Market Player - Competition Matrix (by tier and size of companies)
13.2. Market Share Analysis, by Company, 2020
13.3. Company Profiles
13.3.1. Michael's Hospital
13.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.1.2. Financial Analysis
13.3.1.3. Growth Strategies
13.3.1.4. SWOT Analysis
13.3.2. All India Institute of Medical Sciences
13.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.2.2. Financial Analysis
13.3.2.3. Growth Strategies
13.3.2.4. SWOT Analysis
13.3.3. Stanford Health Care - Stanford Hospital
13.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.3.2. Financial Analysis
13.3.3.3. Growth Strategies
13.3.3.4. SWOT Analysis
13.3.4. Helsinki University Hospital
13.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.4.2. Financial Analysis
13.3.4.3. Growth Strategies
13.3.4.4. SWOT Analysis
13.3.5. Massachusetts General Hospital
13.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.5.2. Financial Analysis
13.3.5.3. Growth Strategies
13.3.5.4. SWOT Analysis
13.3.6. The Ottawa Hospital
13.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.6.2. Financial Analysis
13.3.6.3. Growth Strategies
13.3.6.4. SWOT Analysis
13.3.7. Apollo Hospitals Enterprise Limited
13.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.7.2. Financial Analysis
13.3.7.3. Growth Strategies
13.3.7.4. SWOT Analysis
13.3.8. Seoul National University Hospital
13.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.8.2. Financial Analysis
13.3.8.3. Growth Strategies
13.3.8.4. SWOT Analysis
13.3.9. The Johns Hopkins Hospital
13.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.9.2. Financial Analysis
13.3.9.3. Growth Strategies
13.3.9.4. SWOT Analysis
13.3.10. Fortis Hospital
13.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)
13.3.10.2. Financial Analysis
13.3.10.3. Growth Strategies
List of Tables
Table 01: Global Surgical Procedures Volume Market Value (US$ Mn) Forecast, by Procedure Type, 2017-2028
Table 02: Global Surgical Procedures Volume Market Value (US$ Mn) Forecast, by Region, 2017-2028
Table 03: North America Surgical Procedures Volume Market Value (US$ Mn) Forecast, by Country, 2017-2028
Table 04: North America Surgical Procedures Volume Market Value (US$ Mn) Forecast, by Procedure Type, 2017-2028
Table 05: Europe Surgical Procedures Volume Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 06: Europe Surgical Procedures Volume Market Value (US$ Mn) Forecast, by Procedure Type, 2017-2028
Table 7: Asia Pacific Surgical Procedures Volume Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 8: Asia Pacific Surgical Procedures Volume Market Value (US$ Mn) Forecast, by Procedure Type, 2017-2028
Table 9: Latin America Surgical Procedures Volume Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 10: Latin America Surgical Procedures Volume Market Value (US$ Mn) Forecast, by Procedure Type, 2017-2028
Table 11: Middle East & Africa Surgical Procedures Volume Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017-2028
Table 12: Middle East & Africa Surgical Procedures Volume Market Value (US$ Mn) Forecast, by Procedure Type, 2017-2028
List of Figures
Figure 01: Global Surgical Procedures Volume Market Value Share Analysis, by Procedure Type, 2021 and 2028
Figure 02: Global Surgical Procedures Volume Market Attractiveness Analysis, by Procedure Type, 2021-2028
Figure 03: North America Surgical Procedures Volume Market Value (US$ Mn) Forecast, 2017-2028
Figure 04: North America Surgical Procedures Volume Market Value Share Analysis, by Country, 2021 and 2028
Figure 05: North America Surgical Procedures Volume Market Attractiveness Analysis, by Country, 2021-2028
Figure 06: North America Surgical Procedures Volume Market Value Share Analysis, by Procedure Type, 2021 and 2028
Figure 07: North America Surgical Procedures Volume Market Attractiveness Analysis, by Procedure Type, 2021-2028
Figure 08: Europe Surgical Procedures Volume Market Value (US$ Mn) Forecast, 2017-2028
Figure 09: Europe Surgical Procedures Volume Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 10: Europe Surgical Procedures Volume Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 11: Europe Surgical Procedures Volume Market Value Share Analysis, by Procedure Type, 2021 and 2028
Figure 12: Europe Surgical Procedures Volume Market Attractiveness Analysis, by Procedure Type, 2021-2028
Figure 13: Asia Pacific Surgical Procedures Volume Market Value (US$ Mn) Forecast, 2017-2028
Figure 14: Asia Pacific Surgical Procedures Volume Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 15: Asia Pacific Surgical Procedures Volume Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 16: Asia Pacific Surgical Procedures Volume Market Value Share Analysis, by Procedure Type, 2021 and 2028
Figure 17: Asia Pacific Surgical Procedures Volume Market Attractiveness Analysis, by Procedure Type, 2021-2028
Figure 18: Latin America Surgical Procedures Volume Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 19: Latin America Surgical Procedures Volume Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 20: Latin America Surgical Procedures Volume Market Attractiveness Analysis, by Procedure Type, 2021-2028
Figure 21: Middle East & Africa Surgical Procedures Volume Market Value Share Analysis, by Country/Sub-region, 2021 and 2028
Figure 22: Middle East & Africa Surgical Procedures Volume Market Attractiveness Analysis, by Country/Sub-region, 2021-2028
Figure 23: Middle East & Africa Surgical Procedures Volume Market Attractiveness Analysis, by Procedure Type, 2021-2028