The global Surgical Procedures Volume Market is characterized by the presence of a number of enterprises, vying to gain a powerful market position and revenue. The industry is expected to showcase tremendous growth and revenue potential, on account of the rising technological advances in healthcare, disposable incomes, and demand of minimum suffering during medical treatments, finds Transparency Market Research (TMR). The vendors such as Cutera Inc, Allergan PLC, Cynosure Inc, and Lumenis Ltd. currently hold string position in the market. These companies are likely to focus on expanding their footprint through networking with healthcare organizations, and invest in the research and development of medical technology.
TMR predicts that the worldwide market will reach a volume of approximately 2.2 bn procedures by 2023, the end of the forecast period. It stood at about 1.3 bn in 2014 and is expected to exhibit a steady CAGR throughout the forecast duration, i.e. 2015 to 2023. The segment of gynecological surgical procedures is prognosticated to hold a dominant market share by volume, on account of better and more precise prognosis and treatment of disorders and the surging in the spending capacity of individuals on better healthcare.
While the global market for surgical procedures by volume may be classified by the type of procedures into a number of segments, the significant ones among them being orthopedic procedures, gynecological procedures ophthalmic procedures, neurological, dental and cardiovascular procedures among many more. The gynecological procedures are expected to hold a key role in contributing to the market volume, mostly due to the rising awareness of natal and pre-natal care and changing lifestyles. As reported by a European Commission database, the aggregate number of surgical procedures for cardiac disorders has increased by around 20% between 2005 and 2010.
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Geographically speaking, Asia Pacific is foretold to be responsible for the providing impetus to the growth of the international market for surgical procedures by volume. The region is witnessing a surge in the prevalence of cardiovascular ailments, trauma and neurological diseases.
Surgical techniques, by volume consider a plethora of procedures, for instance, dental, urology, gynecology, ophthalmic, neurosurgery, orthopedic, and cardiovascular, which could be additionally arranged into various classifications. The eventual fate of surgical strategies lies in the headway of technological innovations in the medical field, with respect to minimum invasive methods and application of autonomy in surgical medicines. Directly utilized for gynecological methodology and gall bladder expulsion, single-entry point laparoscopic surgery (SILS) is an exceptionally progressed insignificantly intrusive surgery.