Surgical Procedure Volume Market: Current Analysis and Forecast (2022-2028)
Emphasis on Type (gastrointestinal, cardiovascular, dental, gynecology, urology, cosmetic) by Channel (Physician clinics, hospitals) by Region/Country
According to a new report published by UnivDatos Markets Insights, the surgical procedure volume market was valued at ~ USD 3 billion in 2021 & is expected to grow at a CAGR of ~5.5% from 2022-2028. The rise in healthcare expenditure has led to an increase in funding available for surgical procedures leading to increase in demand in developed countries such as the US which has a universal healthcare system where the government may fund surgical procedures each year. For instance, according to the Centers for Medicare report, the total no. of the surgical procedure costs around USD 89.6 billion including payments for in-patient and out-patient surgeries, as well as payments to physicians and medical professionals. Thus, the rise in healthcare expenditure has led to an increase in government funding, and owing to this many people have now access to surgeries. This factor is contributing to the growth of the market.
Some of the major players operating in the market include CHRISTUS Health, AIIMS, New Delhi, Stanford Health Care., Healthcare Information and Management System Society Inc., The General Hospital Corporation., The Ottawa Hospital., Seoul National University Hospital, Apollo Hospital Enterprise Ltd. Fortis Healthcare. The Johns Hopkins Healthcare System Corporation.
Insights Presented in the Report
“Amongst types, the ophthalmic segment is expected to witness significant market growth in 2021”
By type, the market is segmented into Based on type, the market is segmented into gastrointestinal, cardiovascular, ophthalmic, gynecology, urology, and cosmetic. The ophthalmology segment is expected to witness significant growth during the forecasting period. This is attributed to the growing prevalence of ophthalmic disorders such as glaucoma, cataract, and diabetes retinopathy worldwide. For instance, according to the Cleveland Clinic, 2023 report, each year, surgeons perform over 3 million cataract surgeries in the U.S. and 20 million around the world. Further, as per the above-mentioned source, about half of all people who live into their 90s will need cataract surgery. Thus, the rising prevalence of ophthalmic diseases globally is anticipated to augment the surgical procedure volume market.
“Amongst channels, the physician clinic segment is the fastest growing segment of the market in 2021”
By channel, the market is segmented into physician clinics and hospitals. Amongst these, the physician clinic segment fastest growing segment of the market during the forecasting period. This is attributed towards its cost-effectiveness. The physician clinics have lower costs when compared to the hospitals which allows them to offer surgeries at a cost lower than hospitals. This provides an attractive option to the patients offering a cost-effective solution. Additionally, physician clinics are located in community settings and easily approachable, then hospitals, which provides patients more convenience to get the treatment done near their homes. Thus, the above-mentioned factors are anticipated to fuel the market growth during the forecasting period.
Surgical procedure volume Market Report Coverage
“North America dominated the surgical procedure volume market in 2021”
North America dominated the surgical procedure volume market in 2021. This is due to the rising in the no. of road traffic accidents and increases in the prevalence of surgical procedures in this region. For instance, according to the American Society of Orthopedic Surgeons (ASOS), annual report for 2021, (AAOS) registered almost 2.4 million hip and knee surgeries, this is an 18.3% increase in total procedural volume compared with that in 2020. Thus the rising incidence of road accidents and growing prevalence of surgical procedures is anticipated to boost the market growth in the forecasting period.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global surgical procedure volume market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Surgical Procedure Volume Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global surgical procedure volume market were the three major steps undertaken to create and analyze the adoption of surgical procedure volume in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global surgical procedure volume market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the surgical procedure volume market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the surgical procedure volume market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type and channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the surgical procedure volume market. Further, we conducted factor analysis using dependent and independent variables such as product and application of the surgical procedure volume market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, and business expansion, in the surgical procedure volume market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global surgical procedure volume market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the surgical procedure volume market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global surgical procedure volume market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global surgical procedure volume market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type and channel in the global surgical procedure volume market.
The main objective of the Global Surgical Procedure Volume Market Study
The current & future market trends of the global surgical procedure volume market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the surgical procedure volume market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of the type and channel
- Define and analysis of the regulatory framework for the surgical procedure volume industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviours of the industry
- Analyze the current and forecast market size of the surgical procedure volume market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the surgical procedure volume market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
Related Reports
Customers who bought this item also bought
Antibiotic Resistance Market: Current Analysis and Forecast (2024-2032)
Emphasis on Disease Type (Urinary Tract Infections, Intra-Abdominal Infections, Blood Stream Infections, Clostridium Difficile Infections, And Others); Pathogen Type (Acinetobacter baumannii, Pseudomonas aeruginosa, Staphylococcus aureus, Streptococcus pneumoniae, and Others); Drug Class (Oxazolidinones, Lipoglycopeptides, Tetracyclines, and Others); and Region/Country
October 8, 2024
