What is Global Outpatient Surgery Market?
The Global Outpatient Surgery Market is a vast and dynamic sector that has been gaining significant traction in recent years. Outpatient surgery, also known as ambulatory surgery, refers to surgical procedures that do not require an overnight hospital stay. These procedures are performed in a variety of settings, including hospitals, freestanding ambulatory surgery centers, and physicians' offices. The market encompasses a wide range of surgical procedures, including gastrointestinal, cardiovascular, neurological, orthopedic, and others. The growth of this market is driven by several factors, including advancements in medical technology, increasing prevalence of chronic diseases, and the growing preference for minimally invasive procedures. Furthermore, the cost-effectiveness and convenience of outpatient surgeries compared to inpatient surgeries are also contributing to the market's expansion.
Gastrointestinal, Cardiovascular, Neurological, Orthopedic, Other in the Global Outpatient Surgery Market:
The Global Outpatient Surgery Market is segmented based on the type of surgery, including gastrointestinal, cardiovascular, neurological, orthopedic, and others. Gastrointestinal surgeries, such as endoscopies and colonoscopies, are commonly performed in an outpatient setting due to their minimally invasive nature. Cardiovascular surgeries, including angioplasty and stenting, are also increasingly being performed on an outpatient basis, thanks to advancements in medical technology. Neurological surgeries, such as spinal cord stimulator implantation, and orthopedic surgeries, like arthroscopy and joint replacement, are also part of this market. Each of these segments has its own set of drivers and challenges, but all are contributing to the overall growth of the Global Outpatient Surgery Market.
Physician's Office, Hospital OPDs, ASCs in the Global Outpatient Surgery Market:
The Global Outpatient Surgery Market is also segmented based on the location of the surgery. This includes physician's offices, hospital outpatient departments (OPDs), and ambulatory surgery centers (ASCs). Physician's offices are a popular setting for outpatient surgeries due to their convenience and cost-effectiveness. Hospital OPDs also offer a wide range of outpatient surgical services, often with the added benefit of having all necessary medical facilities in one place. ASCs, on the other hand, are specialized facilities designed specifically for performing outpatient surgeries. They offer a highly efficient and patient-focused environment, which is driving their popularity among both patients and healthcare providers.
Global Outpatient Surgery Market Outlook:
Looking at the market outlook, the Global Outpatient Surgery Market was valued at a substantial US$ 304240 million in 2023. This value is projected to escalate to an impressive US$ 478410 million by 2030. This indicates a robust compound annual growth rate (CAGR) of 6.6% during the forecast period from 2024 to 2030. This growth can be attributed to several factors, including the increasing prevalence of chronic diseases, advancements in medical technology, and the growing preference for minimally invasive procedures. Furthermore, the cost-effectiveness and convenience of outpatient surgeries compared to inpatient surgeries are also contributing to this significant market growth.
| Report Metric | Details |
| Report Name | Outpatient Surgery Market |
| Accounted market size in 2023 | US$ 304240 million |
| Forecasted market size in 2030 | US$ 478410 million |
| CAGR | 6.6% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Mayo Clinic, Massachusetts General Hospital, Mount Sinai Hospital, New York Presbyterian, University of Washington Medical Center, Cleveland Clinic, St Jude Children's Research Hospital, Johns Hopkins Medicine, University of Maryland Medical, Taipei Veterans General Hospital |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
