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.
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 Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 5.50% |
| Market Size in 2023 | USD 3.15 Trillion |
| Market Size by 2032 | USD 5.10 Trillion |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Type and By Channel |
| Regions Covered | North 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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