March 4, 2024

Surgical Procedures Market Size To Surpass USD 5.10 Trn By 2032

The surgical procedures market size was valued at USD 3.15 trillion in 2023 and is expected to reach USD 5.10 trillion by 2032, growing at a CAGR of 5.60% from 2023 to 2032.

Surgical Procedures Market Size 2023 To 2032

Key Takeaways

  • North America contributed more than 37% of revenue share in 2022.
  • Asia Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
  • By type, the cardiovascular segment has held the largest market share of 24% in 2022.
  • By type, the orthopedic segment is anticipated to grow at a remarkable CAGR of 6.2% between 2023 and 2032.
  • By channel, the hospitals segment generated over 45% of revenue share in 2022.
  • By channel, the physician offices segment is expected to expand at the fastest CAGR over the projected period.

The surgical procedures market report offers an exclusive study of the present state expected at the market dynamics, opportunities, market scheme, growth analysis and regional outlook. The report presents energetic visions to conclude and study the market size, market aspiration, and competitive environment. The research also focuses on the important achievements of the market, research & development, and regional (country by country) growth of the leading vendors operating in the market

The study offers intricate dynamics about different aspects of the global surgical procedures market, which aids companies operating in the market in making strategies development decisions. The study also elaborates on remarkable changes that are highly anticipated to configure growth of the global surgical procedures market during the forecast period. It also includes a key indicator analysis that highlights growth prospects of this market and approximate statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).

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Surgical Procedures Market Scope

Report CoverageDetails
Growth Rate from 2023 to 2032CAGR of 5.50%
Market Size in 2023USD 3.15 Trillion
Market Size by 2032USD 5.10 Trillion
Largest MarketNorth America
Base Year2022
Forecast Period2023 to 2032
Segments CoveredBy Type and By Channel
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

This study covers an elaborate segmentation of the global surgical procedures market, along with important information and a competition outlook. The report mentions company profiles of players that are currently influence the global surgical procedures market, wherein various developments, expansions, and winning strategies practiced and execute by leading players have been presented in detail.

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Recent Developments

  • In 2022, Medtronic successfully acquired Globus Medical for a sum of $4.9 billion, facilitating Medtronic’s strategic expansion into the burgeoning spinal surgery market by enriching its product portfolio.
  • In 2022, Stryker finalized the acquisition of Mobius Imaging for $3.4 billion, positioning Stryker as a key player in the rapidly growing market for robotic surgery.
  • In 2021, Johnson & Johnson strengthened its market presence in heart failure treatment by acquiring Abiomed for $3.6 billion, further solidifying its position in the cardiovascular healthcare sector.

Surgical Procedures Market Players

  • Johnson & Johnson
  • Medtronic
  • Stryker Corporation
  • Becton, Dickinson and Company (BD)
  • Olympus Corporation
  • Zimmer Biomet
  • Abbott Laboratories
  • Boston Scientific Corporation
  • Ethicon (a subsidiary of Johnson & Johnson)
  • Intuitive Surgical
  • Smith & Nephew
  • Cook Medical
  • Karl Storz
  • Terumo Corporation
  • CONMED Corporation

Segments Covered in the Report

By Type

  • Gastrointestinal
  • Cardiovascular
  • Dental, Cosmetic
  • Urologic
  • Ophthalmic
  • Orthopedic
  • ENT
  • Nervous System
  • Obstetric/Gynecologic

By Channel

  • Physician Offices
  • Hospitals
  • ASCs

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Research Methodology

The research methodology acquire by analysts for assemble the global surgical procedures market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts study numerous annual report declaration, white papers, market association declaration, and company websites to obtain the necessary understanding of the global surgical procedures market.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Surgical Procedures Market 

5.1. COVID-19 Landscape: Surgical Procedures Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Surgical Procedures Market, By Type

8.1. Surgical Procedures Market, by Type, 2023-2032

8.1.1. Gastrointestinal

8.1.1.1. Market Revenue and Forecast (2020-2032)

8.1.2. Cardiovascular

8.1.2.1. Market Revenue and Forecast (2020-2032)

8.1.3. Dental, Cosmetic

8.1.3.1. Market Revenue and Forecast (2020-2032)

8.1.4. Urologic

8.1.4.1. Market Revenue and Forecast (2020-2032)

8.1.5. Ophthalmic

8.1.5.1. Market Revenue and Forecast (2020-2032)

8.1.6. Orthopedic

8.1.6.1. Market Revenue and Forecast (2020-2032)

8.1.7. ENT

8.1.7.1. Market Revenue and Forecast (2020-2032)

8.1.8. Nervous System

8.1.8.1. Market Revenue and Forecast (2020-2032)

8.1.9. Obstetric/Gynecologic

8.1.9.1. Market Revenue and Forecast (2020-2032)

Chapter 9. Global Surgical Procedures Market, By Channel

9.1. Surgical Procedures Market, by Channel, 2023-2032

9.1.1. Physician Offices

9.1.1.1. Market Revenue and Forecast (2020-2032)

9.1.2. Hospitals

9.1.2.1. Market Revenue and Forecast (2020-2032)

9.1.3. ASCs

9.1.3.1. Market Revenue and Forecast (2020-2032)

Chapter 10. Global Surgical Procedures Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Type (2020-2032)

10.1.2. Market Revenue and Forecast, by Channel (2020-2032)

10.1.3. U.S.

10.1.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.1.3.2. Market Revenue and Forecast, by Channel (2020-2032)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.1.4.2. Market Revenue and Forecast, by Channel (2020-2032)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Type (2020-2032)

10.2.2. Market Revenue and Forecast, by Channel (2020-2032)

10.2.3. UK

10.2.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.2.3.2. Market Revenue and Forecast, by Channel (2020-2032)

10.2.4. Germany

10.2.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.2.4.2. Market Revenue and Forecast, by Channel (2020-2032)

10.2.5. France

10.2.5.1. Market Revenue and Forecast, by Type (2020-2032)

10.2.5.2. Market Revenue and Forecast, by Channel (2020-2032)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Forecast, by Type (2020-2032)

10.2.6.2. Market Revenue and Forecast, by Channel (2020-2032)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.3.2. Market Revenue and Forecast, by Channel (2020-2032)

10.3.3. India

10.3.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.3.3.2. Market Revenue and Forecast, by Channel (2020-2032)

10.3.4. China

10.3.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.3.4.2. Market Revenue and Forecast, by Channel (2020-2032)

10.3.5. Japan

10.3.5.1. Market Revenue and Forecast, by Type (2020-2032)

10.3.5.2. Market Revenue and Forecast, by Channel (2020-2032)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Forecast, by Type (2020-2032)

10.3.6.2. Market Revenue and Forecast, by Channel (2020-2032)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.4.2. Market Revenue and Forecast, by Channel (2020-2032)

10.4.3. GCC

10.4.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.4.3.2. Market Revenue and Forecast, by Channel (2020-2032)

10.4.4. North Africa

10.4.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.4.4.2. Market Revenue and Forecast, by Channel (2020-2032)

10.4.5. South Africa

10.4.5.1. Market Revenue and Forecast, by Type (2020-2032)

10.4.5.2. Market Revenue and Forecast, by Channel (2020-2032)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Forecast, by Type (2020-2032)

10.4.6.2. Market Revenue and Forecast, by Channel (2020-2032)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Type (2020-2032)

10.5.2. Market Revenue and Forecast, by Channel (2020-2032)

10.5.3. Brazil

10.5.3.1. Market Revenue and Forecast, by Type (2020-2032)

10.5.3.2. Market Revenue and Forecast, by Channel (2020-2032)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Forecast, by Type (2020-2032)

10.5.4.2. Market Revenue and Forecast, by Channel (2020-2032)

Chapter 11. Company Profiles

11.1. Johnson & Johnson

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Medtronic

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. Stryker Corporation

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Becton, Dickinson and Company (BD)

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Olympus Corporation

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Zimmer Biomet

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Abbott Laboratories

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Boston Scientific Corporation

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Ethicon (a subsidiary of Johnson & Johnson)

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Intuitive Surgical

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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