Delivered March 20, 2020. Contributor: Gbolahan G.
To determine the growth rates for the following surgical specialties: electrophysiology, spine surgery, orthopedic surgery, plastic surgery, gynecology surgery, oncology surgery, breast surgery, and open abdominal wall reconstruction surgery.
The recent technological advancement in the field of electrophysiology, such as live 3-D mapping and location, is expected to drive the growth in this industry.
The global demand for electrophysiology procedures is expected to expand at a compound annual growth rate of 4.6 percent between 2018 and 2023.
According to BusinessWire, spine surgery is one of the fastest-growing surgical procedures in the world. The number of spine surgery procedures is expected to grow at a rate of 7.9 percent per annum between 2017 and 2022.
In addition, the less invasive segment of the spine surgery market is expected to show a similar growth rate and expand at an annual compound rate of 7.57 percent. The spine surgery devices market, on the other hand, is projected to grow at a modest 3.15 percent per annum between 2016 and 2024.
The orthopedic surgery market is also a fast-growing market. According to ResearchAndMarkets, the number of orthopedic surgery procedures is projected to grow at a compound annual rate of 4.9 percent between 2017 and 2022.
The global market size for plastic surgeries is expected to grow at a CAGR of 5.82 percent between 2019 to 2026. However, the rate is much lower in the US, where the rate of plastic surgery is growing at around 2 percent per annum.
The top growing sub segments of the plastic surgery market include liposuction (5 percent), breast augmentation (4 percent), and eyelid surgery (2 percent).
Only the project owner can select the next research path.