What is Global Outpatient Surgical Procedures Market?
The Global Outpatient Surgical Procedures Market is a vast and dynamic sector that encompasses a wide range of medical procedures performed outside the traditional hospital setting. These procedures are typically less invasive, require less recovery time, and are more cost-effective than inpatient surgeries. The market includes various types of surgeries such as gastrointestinal, cardiovascular, neurological, orthopedic, and others. The value of this market was estimated at US$ 304240 million in 2023 and is projected to reach a staggering US$ 478410 million by 2030, growing at a compound annual growth rate (CAGR) of 6.6% during the forecast period from 2024 to 2030. This growth is driven by factors such as advancements in medical technology, increasing prevalence of chronic diseases, and growing preference for minimally invasive surgeries.
Gastrointestinal, Cardiovascular, Neurological, Orthopedic, Other in the Global Outpatient Surgical Procedures Market:
The Global Outpatient Surgical Procedures Market is segmented based on the type of surgery into gastrointestinal, cardiovascular, neurological, orthopedic, and others. Gastrointestinal surgeries include procedures like colonoscopy and endoscopy, which are commonly performed in an outpatient setting. Cardiovascular surgeries encompass procedures like angioplasty and stent placement, which are increasingly being performed in outpatient centers due to advancements in technology and techniques. Neurological surgeries include procedures like spinal cord stimulator implantation and deep brain stimulation, which are also being performed in outpatient settings due to the development of minimally invasive techniques. Orthopedic surgeries include procedures like arthroscopy and joint replacement, which are being increasingly performed in outpatient centers due to the growing preference for minimally invasive surgeries and faster recovery times. Other types of surgeries include ophthalmic, ENT, and cosmetic surgeries, among others.
Physician's Office, Hospital OPDs, ASCs in the Global Outpatient Surgical Procedures Market:
The Global Outpatient Surgical Procedures Market is also segmented based on the location of the procedure into physician's office, hospital outpatient departments (OPDs), and ambulatory surgical centers (ASCs). Physician's offices are increasingly being used for outpatient surgical procedures due to the convenience and cost-effectiveness they offer. Hospital OPDs are also a popular choice for outpatient surgeries due to the availability of advanced medical facilities and skilled healthcare professionals. ASCs, on the other hand, are specialized facilities designed specifically for performing outpatient surgical procedures. They offer a highly efficient and patient-friendly environment, which makes them an attractive option for both patients and healthcare providers.
Global Outpatient Surgical Procedures Market Outlook:
Looking at the market outlook, the Global Outpatient Surgical Procedures Market was valued at a significant US$ 304240 million in 2023. The market is expected to witness substantial growth, reaching an impressive US$ 478410 million by 2030. This indicates a compound annual growth rate (CAGR) of 6.6% during the forecast period from 2024 to 2030. This growth can be attributed to several factors such as advancements in medical technology, increasing prevalence of chronic diseases, and a growing preference for minimally invasive surgeries. The market's robust growth trajectory underscores the increasing acceptance and adoption of outpatient surgical procedures worldwide.
| Report Metric | Details |
| Report Name | Outpatient Surgical Procedures 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 |
