Outpatient Surgical Procedures Market Global Industry Overview and Forecast (2024-2030) Trends, Dynamics, Segmentation by Type, Application and Region

Outpatient Surgical Procedures Market Overview:

Outpatient Surgical Procedures Market report examines the market's growth drivers as well as its segments. Data has been provided by market participants, and regions (North America, APAC, Europe, MEA, and South America). This market study takes an in-depth look at all of the significant advancements that are currently occurring across all industry sectors. To provide key data analysis for the historical period (2018-2022), statistics, infographics, and presentations are used. The report examines the Outpatient Surgical Procedures market’s, Drivers, Restraints, Opportunities, and Challenges. This SMR report includes investor recommendations based on a detailed analysis of the current competitive landscape of the Outpatient Surgical Procedures market.

 

The Outpatient surgery is a surgical procedure that does not require hospitalization or overnight care. The term outpatient suggests that surgical patients may be in and out of the hospital facility on the same day. The significant benefits of non-surgical or outpatient surgery include greater comfort and reduced costs. In addition, outpatient surgery may occur in an outpatient ward, in an intensive care unit within a hospital, also known as a hospital ward, in a private area, a surgical centre, or even in a physician-based unit. Standard procedures commonly performed with patients include tonsillectomies, hernia repair, gallbladder removal, other cosmetic surgery, and cataract surgery.

 

  

 

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COVID-19 pandemic on the Outpatient Surgical Market:

 The COVID-19 outbreak has led to the global economic downturn, affecting the pharmaceutical and biotechnological industries. This is expected to affect the growth of medical devices used for surgery and those that the method of outpatient surgery can be used to treat the disease. The COVID-19 pandemic is having a negative impact on the health care system, leading to a 50% to 70% decline in revenue from March 2020. Many small clinics, hospitals, and nursing homes have been shut down due to the pandemic. The resulting solution was a complete shutdown that resulted in significant financial losses for smaller hospitals and a reduction in surgical procedures during the forecast period. In addition, the cancellation of visas has led to the disruption of medical tourism and could affect the growth of the outpatient surgical procedures market.

 

Outpatient Surgical Procedures Market Dynamics:

 There are many advantages of outpatient surgery procedures compared to inpatient hospitalization, which include faster and more immediate recovery at home, reduced risk of infection, personal care, and much lower operating costs. The surgical procedure for an the outpatient patient is best suited for healthy people who perform minor or intermediate procedures such as simple eye procedures, limited urologic, orthopaedics, ear procedures, nose and throat.

 

The patient can use all of these procedures at an affordable price, lower the risk of hospital infection, and faster recovery at home. Patients quickly embraced non-invasive surgical procedures worldwide as these surveys introduced the safest, most innovative method and quality of surgical intervention, increasing the growth rate of the outpatient surgical procedures market. Over the past few years, outpatient surgery procedures have become a preferred option for patients. This the choice is due to the advanced surgical equipment and equipment less common surgical techniques, and the better way in which patients, doctors and medical staff are involved in helping speed recovery at home.

 

According to the Centers for Today, Disease Control and Prevention (CDCP) about two-thirds of all surgical procedures are performed in outpatient surgery facilities. Many health experts predict that it is expected to increase dramatically in the next few decades.

 

Surgery procedures for outpatients are expected to witness high growth during prediction. The global the market for outpatient surgery procedures is strongly influenced by the growing the popularity of non-invasive surgical procedures, an increase in chronic diseases, an increase in the number of older people, and the need to reduce rising healthcare costs and increased investment in outpatient health facilities.

 

In addition, fewer residential hospitals, reducing health care costs due to the high trend of minimally invasive surgery, and technological advances in surgical equipment and sophisticated equipment is expected to accelerate the market growth in the forecast period. Also, progress in Laparoscopy and endoscopy have significantly accelerated market growth as they have reduced hospital stays. Additionally, a good government strategy to promote outpatient surgery and more business strategies by prominent players are expected to boost the market growth in the coming years. These features are expected to improve the market for surgical procedures without a predictive timeline.

 

For instance, In December 2018, Johnson & Johnson Medical Devices Companies announced that Ethicon had introduced a VISTASEAL Fibrin Sealant (Human) that could be used to help surgeons manage bleeding during the surgery process. It contains a mix of fibrinogen and thrombin, concentrated proteins found in human plasma. This, when applied to the bleeding, results in the formation of a rapid, sticky, hard tissue and has been shown to stop bleeding (stop bleeding), even in high-risk patients.

 

In February 2020, Smith and Nephew, a global medical technology business, announced 'Good Communication,' a turnkey service, which could be used to help health care providers who want to provide additional access to orthopaedic cases at Ambulatory Surgery Centres (ASCs) and other outpatient settings. In addition, recent advances in surgical technology, anaesthesia contracts, and Medicare reimbursement changes increase providers need to provide orthopaedic procedures in outpatient settings, such as ASCs.

 

The examples mentioned above are clear proof of how big players are dealing in the outpatient surgical procedures market. Hence, the growth of the outpatient surgical procedures market is significantly rising in the forecasted period. 

 

Outpatient Surgical Procedures Market Segment Analysis:

By Type, the outpatient surgical procedure, the market for outpatient surgery is divided into abdominal, cardiovascular, neurological, orthopaedic, gynecologic, integumentary and ophthalmic categories. The Ophthalmic Type that is expected to dominate the Outpatient Surgical Procedures Market. Growth may be due to a lower risk of surgery, which has led to an increase in the number of patients opting for cataract membrane surgery.

 

By Application, the market for outpatient surgical procedures is divided into physician offices, hospital OPDs, and ASCs.  The OPD Type of the hospital is expected to be the most significant type at the time of prediction. The growing number of outpatient surgical procedures performed in hospitals and the fact that these treatments are being replicated have contributed to partial growth. Increasing Driving Surgical Procedures Part of OPD Hospital

 

 

Outpatient Surgical Procedures Market Regional Insights:

North America is expected to hold the largest market share of surgical procedures outside by 2030. The number of surgical procedures that can be performed safely in an ambulance environment has increased in the region, furthering outpatient surgical procedures market growth. As per the American Hospital Association, outpatient surgeries have increased from 57% in 1994 to 66% in 2014 in public hospitals in the United States.

 

The Asia-Pacific is expected to witness substantial outpatient surgical procedures market growth during the forecast period. Improving health care infrastructure and increasing the number of older people at risk of disease, especially in India, China, Japan, etc., have led to an increase in the number of outpatient surgeries, which are thought to increase the outpatient surgical procedures market growth during forecasts.

 

Europe is expected to grow at a significant rate during the forecast period. The growth could be due to the growing advances in technology that increase the number of surgeries per day. The growing trend of cosmetic and cosmetic procedures classified as surgical procedures for outpatient patients also contributes to regional outpatient surgical procedures market growth.

 

The objective of this report is to present an in-depth analysis of the Outpatient Surgical Procedures Market to industry stakeholders. The report provides the recent trends in the Outpatient Surgical Procedures Market and how these factors will impact on new business investment and market enhancement during the forecast period. The report also provides an understanding of the potential of the Outpatient Surgical Procedures Market and the competitive structure of the market by analyzing market leaders, market fans, and regional players.

 

The quality and quantity data provided in the Outpatient Surgical Procedures Market report assist the readers to understand which market components, regions are expected to grow in value, market factors, and key opportunity areas, which will impact industry growth and predictable market growth with respect to time. The report includes the competitive status of key competitors in the industry and their recent developments in the Outpatient Surgical Procedures Market. The report also provides a comprehensive set of factors such as company size, market share, market growth, revenue, production capacity, and profits of key players in the Outpatient Surgical Procedures Market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Outpatient Surgical Procedures Market is easy for a new player to gain an edge in the market, do they come and go in the market regularly if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political factors that help in analyzing how much a government can impact the Market. Economic variables assist in the calculating economic performance drivers that can affect the Market. Analyzing the impact of the overall environment and the impact of environmental concerns on the Outpatient Surgical Procedures Market is aided by legal factors.

 

Outpatient Surgical Procedures Market Scope:

 

Outpatient Surgical Procedures Market
Market Size in 2023	USD 374.19 Bn.
Market Size in 2030	USD 620.81 Bn.
CAGR (2024-2030)	7.5%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	By Type Gastrointestinal Cardiovascular Neurological Orthopedic Gynecologic Integumentary Ophthalmic
	By Application Physician Office OPDs ASCs
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

 

Outpatient Surgical Procedures Market Key Players

• Auburn Hospital (Australia)
• West China Hospital (China)
• The General Hospital of the People's Liberation Army (China)
• St Vincent s Hospital (US)
• Royal Melbourne Hospital (Australia)
• Hornsby Ku-ring-gai Hospital (Australia)
• Westmead Hospital (Australia)
• Peking Union Medical College Hospital (China)
• St. Marie Hospital (US)
• Mater Private Hospital (Ireland)
• New York Presbyterian (US)
• Massachusetts General Hospital (US)
• University of Washington Medical Center (US)
• Cleveland Clinic (US)
• Mayo Clinic (US)
• Taipei Veterans General Hospital (Taipei)
• University of Maryland Medical (US)