Surgical Suite Market

Market Definition

The global Surgical Suite Market size was valued at USD 1.95 billion in 2022 and is predicted to reach USD 4.78 billion by 2030 with a CAGR of 19.6% from 2023-2030.

A surgical suite is a facility where patients undergo surgical treatments and procedures to treat or diagnose variety of pathological and physiological disorders. It provides secure and sterile environment to carry out medical procedures safely. It is equipped with critical equipment’s for successful surgical procedures. Technically advanced equipment provides surgeons and doctors with greater flexibility and convenience of use, resulting in better patient care and increased operational efficiency.

Surgical suites are used for a wide range of surgical procedures, including minor procedures such as biopsies and the removal of skin lesions, as well as major surgeries such as open-heart surgery and brain surgery. They are also used for emergency surgeries and for procedures that require specialized expertise, such as transplant surgery and neurosurgery.

Market Dynamics and Trends

Advances in surgical technology have revolutionized the field of healthcare. The integration of robotics, artificial intelligence (AI), and minimally invasive techniques has improved surgical precision, reduced recovery times, and enhanced patient outcomes. Surgical suites equipped with state-of-the-art technologies attract healthcare providers and drive market growth.

Moreover, governments and private entities worldwide are investing heavily in healthcare infrastructure development. The increased healthcare spending aims to improve patient care and access to advanced surgical procedures. As a result, there is a growing demand for well-equipped surgical suites, creating opportunities for market growth.

In addition, he global burden of chronic diseases, such as cardiovascular disorders, cancer, and diabetes, continues to rise. These conditions often require surgical interventions for diagnosis, treatment, or management. Consequently, healthcare facilities are expanding their surgical capabilities, leading to an increased demand for surgical suites.

However, lack of skilled healthcare professionals including surgeons, anesthesiologists, nurses, and technicians trained in the use of advanced technologies, makes it challenging for healthcare facilities to fully utilize the potential of their surgical suites. This is expected to hinder the growth of the surgical suites market. In addition, high cost of implementation and maintenance of integrated surgical suites further inhibit the wide adaption of surgical suite and restrains the market growth.

On the contrary, governments and private entities worldwide are investing heavily in healthcare infrastructure development. The increased healthcare spending aims to improve patient care and access to advanced surgical procedures. As a result, there is a growing demand for well-equipped surgical suites, creating opportunities for market growth.

Market Segmentations and Scope of the Study

The surgical suite market report is segmented on the basis of component, type, application, end user and geography. On the basis of component, the market is divided into software and services. On the basis of type, the market is classified into display systems, document management systems, audio & video management systems, integration devices, and others. On the basis of application, the market is categorized into general surgery, orthopedic surgery, cardiovascular surgery, neurosurgery, thoracic surgery and other applications. On the basis of end user, the market is divided into hospitals, ambulatory surgical centers and clinics. Regional breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the dominant share of the surgical suite market at present and is expected to continue dominating the market during the forecast period. This is attributed to factors such as presence of well-established healthcare system in the region along with increased prevalence of chronic disorders. According to the National Association of Chronic Diseases Directors, nearly 60% of adult Americans have at least one chronic disease. More than two-thirds of all deaths are caused by one or more of five chronic diseases: heart disease, cancer, stroke, chronic obstructive pulmonary disease, and diabetes.

Also, technological advancements in medical sciences such as integration of robotic surgeries are expected to drive the growth of the market in this region. For instance, the United States performed over 876,000 robotic procedures in 2020. On the other hand, Asia-Pacific is expected to show a steady rise in the market owing to increasing healthcare expenditure in this region.

For instance, healthcare expenditure in Japan reached a record high of USD 38 billion in 2021, an increase of 4.6% compared to the previous year, 2020. In addition, increasing geriatric population that requires surgeries frequently along with development of laparoscopic surgical procedures in countries such as India and China is expected to drive the growth of the market in this region. For instance, in January 2022, Beijing Capital Medical University researchers have completed the First-in-Man (FIM) clinical trial using a single-arm laparoscopic surgical robot in China.

Competitive Landscape

The surgical suite industry comprises of various market players such as Karl Storz GmbH & Co. KG, Steris, GE Healthcare, Cooper Industries, Stryker Corporation, Getinge AB, Olympus Corporation, Merivaara, Skytron Corporation and Doricon Medical Systems. These market players have undertaken various steps such as product launches and technological innovations across various regions to maintain their dominance in the global market.

For instance, In October 2021, Getinge AB unveiled an impressive addition to the medical field called Rotaflow II, a state-of-the-art life support system. This remarkable system is designed to provide specialized therapies to patients facing severe pulmonary insufficiency, a condition where traditional ventilation methods fall short. With its ability to support patients with complex respiratory needs, the system can be an valuable asset within surgical suites.

Moreover, in September 2021, Skytron introduced SkyVision Ascend, a video integration system designed to improve surgical workflow while leveraging technology for high-performance and efficiency. It is designed to support standard definition, high definition and 4K signals, with future 8K compatibility. Furthermore, SkyVision Ascend can interface with other systems in a surgical suite such as EMR (electronic medical record), PACS (picture archiving and communication system) and (ADT) admission-discharge-transfer to provide streamlined data access and patient care in a secure environment.

Key Benefits

• The report provides quantitative analysis and estimations of the Surgical suite market from 2023 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep dive analysis of the Surgical suite market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the global market is provided in the report. 

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Surgical Suite Market Key Segments

By Component

• Software

• Services

By Type

• Display Systems

• Document Management Systems

• Audio & Video Management Systems

• Integration Devices

• Others

By Application

• General Surgery

• Orthopaedic Surgery

• Cardiovascular Surgery

• Neurosurgery

• Thoracic Surgery

• Others

By End User

• Hospitals

• Ambulatory Surgical Centres 

• Clinics

By Region

• North America

  • U.S

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Netherlands

  • Finland

  • Sweden

  • Norway

  • Russia

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

KEY PLAYERS

• KARL STORZ GmbH & Co. KG

• Steris

• GE Healthcare

• Cooper Industries

• Stryker Corporation

• Getinge AB

• Olympus Corporation

• Merivaara

• Skytron Corporation

• Doricon Medical Systems