Surgical Procedures

Global Surgical Procedures Market to Reach US$120.7 Billion by 2030

The global market for Surgical Procedures estimated at US$107.7 Billion in the year 2024, is expected to reach US$120.7 Billion by 2030, growing at a CAGR of 1.9% over the analysis period 2024-2030. Dental Procedures, one of the segments analyzed in the report, is expected to record a 1.8% CAGR and reach US$31.6 Billion by the end of the analysis period. Growth in the Gastrointestinal Procedures segment is estimated at 1.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$29.2 Billion While China is Forecast to Grow at 4.0% CAGR

The Surgical Procedures market in the U.S. is estimated at US$29.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$23.4 Billion by the year 2030 trailing a CAGR of 4.0% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.4% and 1.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.8% CAGR.

Global Surgical Procedures Market - Key Trends & Drivers Summarized

Why Are Surgical Procedures on the Rise Globally?

The demand for surgical procedures has been growing globally, driven by an aging population, the rising prevalence of chronic diseases, and advancements in medical technologies. Conditions such as cardiovascular diseases, cancer, and orthopedic disorders are leading to an increasing number of surgical interventions, ranging from minimally invasive surgeries to complex procedures. Moreover, advances in surgical techniques, such as robotic surgery and laparoscopic procedures, have made surgeries safer, less invasive, and more effective, reducing recovery times and improving patient outcomes. The rise of elective surgeries, particularly in cosmetic and bariatric procedures, is further contributing to the expansion of the global surgical procedures market, as individuals seek surgical solutions for both health and aesthetic reasons.

How Are Technological Innovations Changing Surgical Procedures?

Technological innovations are transforming the landscape of surgical procedures, making them more precise, less invasive, and safer. Robotic-assisted surgeries, for instance, have enabled surgeons to perform complex procedures with enhanced precision and control, leading to fewer complications and quicker recovery times. Minimally invasive techniques, such as laparoscopic and endoscopic surgeries, are becoming more common, allowing patients to undergo procedures with smaller incisions, less pain, and shorter hospital stays. Additionally, advances in imaging technologies, such as 3D imaging and intraoperative MRI, are giving surgeons real-time insights, improving the accuracy of surgeries. The development of biocompatible materials for implants and prosthetics is also enhancing surgical outcomes, particularly in orthopedic and cardiovascular procedures.

What Are the Key Trends in Surgical Procedures Across the World?

One of the major trends in the surgical procedures market is the growing demand for outpatient surgeries, which allow patients to return home the same day, reducing healthcare costs and improving patient convenience. This shift is being driven by advances in minimally invasive techniques that enable quicker recovery times. Another trend is the increasing number of elective surgeries, particularly in cosmetic and reconstructive surgery, as more individuals seek procedures to enhance their appearance or address age-related changes. The rise of medical tourism is also notable, with patients traveling abroad to access high-quality surgical procedures at lower costs, especially for cosmetic, orthopedic, and dental surgeries. Furthermore, the growing use of AI and machine learning in preoperative planning and surgical navigation is enhancing the precision and success rates of complex surgeries.

The Growth in the Surgical Procedures Market Is Driven by Several Factors

The growth in the surgical procedures market is driven by several factors, including the aging global population, advancements in surgical technology, and the increasing prevalence of chronic diseases. First, the aging population is contributing to a rise in age-related conditions, such as cardiovascular diseases and orthopedic disorders, leading to an increase in surgeries, including joint replacements and coronary bypasses. Second, technological advancements, such as robotic surgery, minimally invasive techniques, and improved surgical instruments, are making surgeries safer and more effective, driving demand across a range of specialties. Third, the growing burden of chronic diseases, such as diabetes, cancer, and obesity, is resulting in more surgical interventions for both treatment and management of complications. Lastly, the increasing availability of elective procedures and medical tourism options is contributing to the expansion of the global surgical procedures market.

SCOPE OF STUDY:

The report analyzes the Surgical Procedures market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Procedure Type (Dental Procedures, Gastrointestinal Procedures, Cardiovascular Procedures, Cosmetic Procedures, Ophthalmic Procedures, Orthopedic Procedures, Other Procedure Types); Application (Hospitals Application, Ambulatory Surgery Centers Application, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 33 Featured) -

• Allergan PLC
• Cutera, Inc.
• Cynosure, Inc.
• Human Med AG
• InMode Aesthetic Solution
• Lumenis Ltd.
• Wells Johnson Company

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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