The growing number of outpatient surgeries is expected to increase the adoption of capnography monitoring devices in outpatient surgical departments in the US. The demand for capnography monitoring devices in outpatient surgical procedures is further supported by the increasing prevalence of target diseases (diabetes, CVDs, respiratory diseases, and sleep apnea) and the growing number of outpatient surgical procedures requiring general anesthesia and medium & high sedation.
The number of US Outpatient Surgical Procedures Marketis expected to grow from ~129 million procedures in 2018 to ~144 million procedures by 2023, at a CAGR of 2.1% during the forecast period.
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The major types of outpatient surgical procedures in the US include dental surgeries, gastrointestinal surgeries, orthopedic surgeries, ophthalmic surgeries, ENT surgeries, obstetric/gynecological surgeries, cosmetic surgeries, cardiovascular surgeries, urologic surgeries, and other surgeries.
By type, the dental surgeries segment accounted for the largest share of the market during the forecast period. However, the other surgeries segment is expected to grow at the highest CAGR during the forecast period.
Other surgeries performed in outpatient departments include surgeries of the nervous system (laminectomy and excision of the intervertebral disc and decompression of the peripheral nerve), endocrine system (partial or complete thyroidectomy), and integumentary system (mastectomy and lumpectomy).
Currently, outpatient surgeries are performed in hospital outpatient departments (HOPDs), ambulatory surgical centers (ASCs), and physicians’ offices in the US. Certain recommendations have been approved in the US for conducting surgeries in outpatient departments.