What is Global Same-day Surgery Market?
The Global Same-day Surgery Market is a rapidly evolving sector within the healthcare industry. It refers to the practice of performing surgical procedures that do not require an overnight hospital stay. These procedures, also known as outpatient or ambulatory surgeries, are becoming increasingly popular due to advancements in medical technology, anesthetic methods, and pain control. The market encompasses a wide range of surgeries including minor procedures like cataract removal to more complex operations such as certain types of heart surgery. The growth of this market is driven by factors such as the increasing prevalence of chronic diseases, the growing geriatric population, and the need to reduce healthcare costs. The convenience and cost-effectiveness of same-day surgeries, coupled with their high success rates, make them an attractive option for both patients and healthcare providers.
Gastrointestinal, Cardiovascular, Neurological, Orthopedic, Other in the Global Same-day Surgery Market:
The Global Same-day Surgery Market is segmented based on the type of surgery performed. This includes Gastrointestinal, Cardiovascular, Neurological, Orthopedic, and other surgeries. Gastrointestinal surgeries involve procedures on the stomach, liver, gallbladder, and intestines, while cardiovascular surgeries pertain to the heart and blood vessels. Neurological surgeries are performed on the brain, spinal cord, and peripheral nerves, and orthopedic surgeries involve the musculoskeletal system. Each of these segments has its own unique market dynamics, influenced by factors such as disease prevalence, technological advancements, and healthcare policies. For instance, the growing incidence of cardiovascular diseases worldwide is driving the demand for same-day cardiovascular surgeries. Similarly, the increasing prevalence of orthopedic conditions like osteoarthritis and rheumatoid arthritis is fueling the growth of the same-day orthopedic surgery market.
Physician's Office, Hospital OPDs, ASCs in the Global Same-day Surgery Market:
The Global Same-day Surgery Market also varies based on the setting in which the surgeries are performed. This includes Physician's Offices, Hospital Outpatient Departments (OPDs), and Ambulatory Surgical Centers (ASCs). Physician's offices are typically used for minor procedures that do not require extensive equipment or anesthesia. Hospital OPDs are equipped to handle a wider range of procedures, including those that require general anesthesia. ASCs are standalone facilities dedicated to performing outpatient surgeries. They offer a convenient and cost-effective alternative to hospital-based surgeries, and their use is growing rapidly. Each of these settings has its own advantages and challenges. For instance, while ASCs offer cost savings and convenience, they may not be equipped to handle complications or emergencies that can arise during more complex procedures.
Global Same-day Surgery Market Outlook:
Looking at the market outlook, the Global Same-day Surgery Market was valued at a significant US$ 304240 million in 2023. The market is expected to witness substantial growth, reaching an estimated value of US$ 478410 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing adoption of same-day surgeries due to their numerous benefits, including reduced hospital stays, lower risk of hospital-acquired infections, and cost savings for both patients and healthcare providers. The market's growth is also driven by the ongoing advancements in medical technology, which are enabling a wider range of procedures to be performed on an outpatient basis.
| Report Metric | Details |
| Report Name | Same-day 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 |
