The Latest research study released by Absolute Markets Insights Digital Surgery Market with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth.Global digital surgery market was valued at US$ 201.82 million in 2022 and is expected to reach US$ 4817.61 million by 2030, growing at a CAGR of 34.1% over the forecast period. Some of the Major Companies covered in this Research are: 3D Systems, Inc., 3dintegrated ApS, Augmedics, Brainlab, Caresyntax, Centerline Biomedical, Corindus, Inc., EchoPixel, Fundamental Surgery, Intuitive Surgical, Johnson & Johnson, Medical Device Business Services, Inc., Medtronic, Mimic Technologies, Inc, Osso VR, Stryker, Surgical Science, Touch Surgery, Verb Surgical Inc., VirtaMed AG, and other market participants.
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Digital Surgery Market
- By Component
- Hardware
- Software
- Services
- By Type
- Surgical Simulation Systems
- Surgical Analytics
- Surgical Visualization and Assistance
- Surgical Planning and Forecasting
- Others
- By Technology
- AI and Big Data
- IoT and Robotics
- Augmented Reality and Virtual Reality
- Others
- By Organization Size
- Small and Medium Enterprises
- Large Enterprises
- By Disease Indication
- Neurological
- Cardiovascular
- Orthopedics
- Urology
- Gynaecological
- Ophthalmological
- Others
- By End User
- Insurance Companies
- Medical Device Vendors
- Hospitals and Ambulatory Surgical Centers
- Education and Research Institutes
- Others
- By Geography
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- North America
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More than 60 million surgical procedures, of which 20 million are invasive, are conducted every year in the United States. This means that more than 100 procedures are performed every minute. 5 billion people are reported to lack access to safe and timely surgery. 18.6 million people die each year because of a lack of access to surgical treatment. The global demand for digital surgery technology is currently undergoing a big shift in the Digital Surgery Market environment. Investment in healthcare infrastructure growth is growing and proof of effective and promising outcomes in treatment and diagnostic assistance is increasing. This contributes to future growth opportunities for the demand for digital surgery technologies.
In order to better promote outpatient surgery, minimally invasive procedures, and interactive and technical advances hospitals are replacing out-dated surgical spaces with new operating suites. It is forecasted that robotic surgical systems and imaging technology such as surgical navigation systems will become commonplace in the years to come.
By providing improved results and reducing invasiveness digital surgery has the ability to change the quality of treatment resulting in quicker recovery times and a lower overall cost of care. The future of digital surgery does not have a straight line and product development and M&A activities will be needed for success of these technologies. Improved results by the use of digital surgery and increased effectiveness of surgical procedures due to these systems will boost the demand for Digital Surgery Market over the forecast period.
In addition to these factors, there are important challenges and constraints that hinder the growth of the industry. These obstacles include the unwillingness of surgeons to implement new technology, such as AI, and health data due to privacy and security issues.
With practise, testing, and study tools, digital surgery products can be used to help a surgeon prepare for a procedure. Robotic surgery can be more accurate and easier to learn for healthcare professionals. Robotics have a great potential to become a hospital standard, with benefits of reduced invasiveness, long-term outcome efficiency, and shorter recovery times.
Rising ageing population has created a higher need for surgery. The primary factor behind increased surgical volume would be increased life expectancy, and there are not enough surgeons to satisfy the demand. Thus the adoption of digital surgery in operating rooms has risen.
Hospitals can no longer stick to a rigid design schedule for operating suites due to the rapid speed of technical advancement in surgery. Operating rooms must be properly sized and designed to handle a wide variety of current and future technology that can easily adapt to changes in care paradigms and service line strategies and are tailored to reflect the general and specialist needs of a hospital. Medical device companies need to radically shift their business models by widening their focus from physical capital medical devices to digital solutions surrounding those physical devices in order to remain competitive in the Digital Surgery Market.
During the pandemic hospitals equipment budgets have been squeezed, but they will continue to invest in digital surgery and robotics because the innovations provide value to patients. The pandemic has accelerated changes in the medical sector and the funding by government in this sector has improved. The adoption of digital surgery can aid in performing minimally invasive surgeries at ease and provides protection to the surgical teams. Thus adoption of these systems in pre as well as post covid will increase.
Digital Surgery Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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