Surgical Procedures Volume Market to Reach US$ 2.6 Bn by 2028; Rise in Number of Interventional Cardiology Procedures to Offer Steady Revenue Growth, Finds TMR Study

• Advancements in cardiac rhythm management device technology to shape future directions of surgical procedures volume market; rising demand for gynaecological procedures to spur commercialization of new surgical technologies
• North America projected to be substantially lucrative market, underpinned by massive uptake, especially to meet needs of elderly; medical tourism to bolster growth of Asia Pacific market 

ALBANY, N.Y., May 4, 2022 /PRNewswire/ -- The number of surgical procedures has risen globally especially for non-communicable diseases. Hospitalization among older adults has also been growing on the back of rising occurrences of surgically treatable conditions in both developing and developed countries, thus fueling revenue growth of the surgical procedures volume market. Advancements being made in interventional cardiology are catalyzing lucrative opportunities in the market. The global valuation is projected to reach US$ 2.6 Bn by 2028, advancing at a CAGR of 5.5% during 2021–2028.

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The massive financial and societal burden that chronic diseases pose to healthcare systems in developed as well as developing regions of the world has spurred the growth of the surgical procedures volume market. An in-depth study on the different dynamics influencing investments find that increased focus on non-communicable diseases as a part of public health policies and population health interventions has expanded the surgical procedures volume market landscape.

In the U.S. and numerous Asian countries, the high healthcare burden of chronic diseases has bolstered the need for advanced healthcare infrastructure for conducting surgeries. Strides made in medical tourism has expanded the canvas for industry stakeholders to tap into the incremental avenues in the surgical procedures volume market.

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Key Findings of Surgical Procedures Volume Market Study

• Unique Surgical Needs in Elderly Population to Expand Headroom for Growth: Adults aged 50 years and older are emerging as a lucrative target customer for surgical procedures. There is an unmet surgical need due to various factors such as late diagnosis, concerns of perioperative morbidity and mortality, and the paucity of healthcare resources. Increasing focus on improving access to public health and primary care for the elderly is likely to create massive revenue prospects in the surgical procedures volume market.
• Advancements in Interventional Cardiology and Gynecological Procedures to Spur Revenue Generation: The demand emanating from cardiovascular procedures is expected to generate sizable revenues to the global surgical procedures volume market. The authors of the TMR study projected the segment to hold a leading share globally during the forecast period. Of note, they observed that technological advancements in interventional cardiology particularly cardiac rhythm management device technology has spurred the growth of revenues in the overall segment. The sub-segment held a leading share in 2020. Growth in number of cardiac catheterization procedures for structural heart disease has generated profitable opportunities that have been capitalized by market players in recent years. Further, growing number of gynecological surgical procedures have generated substantial avenues, mainly from rise in awareness about menorrhagia, uterine fibroids, and cervical cancers.

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Surgical Procedures Volume Market: Key Drivers

• Advancements in healthcare infrastructure coupled with evolving reimbursement scenarios in economies in developing regions have considerably expanded the avenue for stakeholders in surgical procedures volume market. Growing number of elective surgeries has also catalyzed profitable avenues for them.
• A burgeoning medical tourism has spurred the number of surgical procedures volumes, thus catalyzing the market growth.

Surgical Procedures Volume Market: Regional Growth Dynamics

• Asia Pacific held a leading share of the global surgical procedures volume market in 2020. High cardiovascular mortality in the region and rise in surgeries due to neurological diseases and traumatic injuries have generated abundant lucrative opportunities in the regional market.
• The North America surgical procedures volume market is projected to rise at a remarkable CAGR during the forecast period. Rapid rise in opportunities is underpinned by the widespread uptake of minimally invasive surgeries, especially in gyanecology and cardiology. The prevalence of heart valve disease has catalyzed the demand.

Surgical Procedures Volume Market: Key Players

Some of the key players in the surgical procedures volume market are The Ottawa Hospital, Massachusetts General Hospital, Helsinki University Hospital, All India Institute of Medical Sciences, and Michael's Hospital.

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Global Surgical Procedures Volume Market: Segmentation

Surgical Procedures Volume Market, by Procedure 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 Procedures
• Urology Procedure
• Dental Procedure

Surgical Procedures Volume Market, by Region

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• Australia
• India
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America
• Middle East & Africa
• South Africa
• GCC Countries
• Rest of Middle East & Africa

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