Surgical Procedures Volume Market (Procedure Type: Cardiovascular Procedures, Neurosurgery Procedures, Orthopedic Procedures, Ophthalmic Procedures, Gynecology Procedures, and Other Procedures)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2022-2030

According to Nova one advisor, the global Surgical Procedures Volume market was valued at USD 1.80 billion in 2021 and it is expected to hit around USD 4.6 billion by 2030 with a CAGR of 6.5% during the forecast period 2022 to 2030.

Surgical Procedures Volume Market: Overview

• Increase in geriatric population across the world has been identified as a major factor fueling the growth of the surgical procedures volume market. This is primarily due to elderly people are highly susceptible to various chronic disorders.
• Moreover, increase in the 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; this percentage is expected to reach 20% by 2030.
• According to the World Health Organization, the global geriatric population is anticipated to reach 1.5 billion by 2050. Countries aging at a rapid pace are the U.S., Japan, and Germany. Other factors driving the surgical procedures volume include increase in incidence of chronic disorders and rise in the number of trauma injury cases.
• The global surgical procedures volume market has been segmented into cardiovascular, orthopedic, neurosurgery, ophthalmic, gynecology, and other procedures such as urology and dental

Report Scope of the Surgical Procedures Volume Market

Medical Tourism and Rising Healthcare Expenditure Fueling Market Growth in Asian Countries

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.

Ever-increasing Grey Population in U.S. Boosting Surgical Procedure Volumes

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.

Cardiovascular Procedure Segment to Lead Surgical Procedures Volume Market

• The cardiovascular procedures segment has been split into cardiac rhythm management devices implantations, interventional cardiology procedures, and heart transplantation
• The interventional cardiology procedures sub-segment held the largest share of the cardiovascular procedures segment in 2020, due to rise in usage of cardiac catheterization in structural heart disease, and is becoming complex due to increase in incidence of therapeutic catheterization
• 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 segment in the interventional cardiology procedures market
• The gynecological procedures segment is anticipated to grow at a rapid pace during the forecast period. Growth of the gynecology procedures segment can be attributed to changing lifestyle, increasing per capita income in emerging markets, and rising prevalence of gynecological diseases such as menorrhagia, uterine fibroids, and cervical cancers globally.

Asia Pacific Dominated Surgical Procedures Volume Market

• Asia Pacific dominated the global surgical procedures volume market in 2020, due to increase in incidence of cardiovascular diseases, traumatic injuries, neurological disorders, and introduction of advanced surgical technologies. Increase in the geriatric population is another major driver of the surgical procedures volume market.
• North America was the fastest growing market for surgical procedures in terms of volume during the forecast period, due to growing innovation and adoption of new surgical technologies, high growth of minimally invasive surgeries, and C-section surgeries. Moreover, favorable reimbursement, well-established healthcare infrastructure, rise in healthcare expenditure, and high number of hospital beds per capita are anticipated to accelerate the medical infrastructure development in the U.S. making it the dominating market in North America.

Some of the prominent players in the Surgical Procedures Volume Market include:

Michael's Hospital,. All India Institute of Medical Sciences, anford Health Care - Stanford Hospital, Helsinki University Hospital, Massachusetts General Hospital, The Ottawa Hospital, Apollo Hospitals Enterprise Limited, Seoul National University Hospital, The Johns Hopkins Hospital, Fortis Hospital

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Surgical Procedures Volume market

• 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

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa (MEA)

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Surgical Procedures Volume industry analysis from 2022 to 2030 to identify the prevailing Surgical Procedures Volume industry opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global Surgical Procedures Volume industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Surgical Procedures Volume industry trends, key players, market segments, application areas, and market growth strategies.