The Demographic Driver: Why an Aging Population is Fueling Surgical Volume
Look at the global population, and you'll find a key driver for the surgical market: we are getting older. As life expectancies rise, so does the demand for surgical procedures to manage age-related conditions. The orthopedic and cardiovascular segments are prime examples of this trend.
An aging population is highly susceptible to joint degeneration, arthritis, and fractures, making surgeries like knee and hip replacements a high-volume business.
In fact, orthopedics is the fastest-growing segment in the market, with a projected Compound Annual Growth Rate of over 6%. Similarly, the high prevalence of heart disease among older adults makes the cardiovascular segment the largest by market share, accounting for roughly 24% of all surgical procedures. This demographic reality ensures a consistent and growing demand for surgical services, cementing the market's long-term stability and growth.