The digital surgery technologies global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Digital Surgery Technologies Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The digital surgery technologies market size has grown exponentially in recent years. It will grow from $0.83 billion in 2023 to $1.11 billion in 2024 at a compound annual growth rate (CAGR) of 33.6%. The growth in the historic period can be attributed to rise in aging population, cost containment efforts, globalization of healthcare, and market competition and innovation.
The digital surgery technologies market size is expected to see exponential growth in the next few years. It will grow to $3.55 billion in 2028 at a compound annual growth rate (CAGR) of 33.8%. The growth in the forecast period can be attributed to increasing adoption of wearable device, demand for customized surgical solutions, and rising healthcare consumerism. Major trends in the forecast period include remote monitoring and telehealth integration, surgical simulators and training solutions, integration of AI and ML, and smart operating rooms.
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Scope Of Digital Surgery Technologies Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Digital Surgery Technologies Market Overview
Market Drivers –
The growing prevalence of chronic diseases is expected to propel the growth of the digital surgery technologies market going forward. Chronic diseases refer to long-term medical conditions that typically persist over an extended period and often require ongoing management and treatment. The rise in the prevalence of chronic diseases is due to aging populations, urbanization, unhealthy habits, genetics, and social inequalities. Digital surgery technologies enhance the precision, safety, and effectiveness of surgical interventions, which are often required for the management of complex chronic diseases. For instance, in January 2023, according to the National Library of Medicine, a US-based medical library, the prevalence of chronic conditions is expected to nearly double from 46.62 million in 2020 to 93.03 million by 2050, indicating a projected increase of approximately 99.55%. Therefore, the growing prevalence of chronic diseases is driving the growth of the digital surgery technologies market.
Market Trends –
Major companies operating in digital surgery technologies are developing advanced robotic solutions, such as robotic-assisted solutions, to gain a competitive edge in the market. A robotic-assisted solution refers to the use of robotic systems or devices that are designed to enhance surgical precision, dexterity, and control, thereby improving patient outcomes and reducing the risks associated with traditional surgical approaches. For instance, in October 2023, DePuy Synthes, a US-based medical device company, launched the VELYS Robotic-Assisted Solution on the European market, a cutting-edge technology for total knee replacement surgeries. This innovative technology combines advanced robotics with the ATTUNE Knee System, a comprehensive orthopedic implant system designed for total knee replacement surgeries, to provide a personalized and precise procedure. This innovative solution offers valuable insights, versatile execution, and verified performance to enhance efficiency and optimize patient outcomes. This table-mounted and imageless solution integrates seamlessly into surgeons’ workflow, offering a clear user interface, streamlined clinical application, adaptable workflow, and a fast registration process to improve procedural efficiency.
The digital surgery technologies market covered in this report is segmented –
1) By Component: Hardware, Software, Service
2) By Product Type: Surgical Navigation And Advanced Visualization, Surgical Simulation, Surgical Planning, Surgical Data Science
3) By Technology: Artificial Intelligence And Bigdata, Internet Of Things And Robotics, Extended Reality, Other Technologies
4) By Organization Size: Small And Medium Enterprises, Large Enterprises
5) By End User: Insurance Companies, Medical Device Vendors, Hospitals and Ambulatory Surgical Centers, Education and Research Institutes, Other End Users
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Regional Insights –
North America was the largest region in the digital surgery technologies market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the digital surgery technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the digital surgery technologies market report are Johnson & Johnson (Ethicon); Medtronic plc; Siemens Healthineers AG; FUJIFILM Holdings Corporation; Philips Healthcare; Stryker Corporation; B. Braun Melsungen AG; Zimmer Biomet Holdings Inc.; Olympus Corporation; Intuitive Surgical Inc.; Smith & Nephew plc; Integra LifeSciences Holdings Corporation; CONMED Corporation; Brainlab AG; Novadaq Technologies Inc.; Osso VR Inc.; Augmedics Ltd.; VirtaMed; Verb Surgical Inc.; Caresyntax Inc.; Centerline Biomedical; FundamentalVR; Mimic Technologies Inc.; PrecisionOS; EchoPixel Inc.
Table of Contents
1. Executive Summary
2. Digital Surgery Technologies Market Report Structure
3. Digital Surgery Technologies Market Trends And Strategies
4. Digital Surgery Technologies Market – Macro Economic Scenario
5. Digital Surgery Technologies Market Size And Growth
…..
27. Digital Surgery Technologies Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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