The Remote Surgery Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Remote Surgery Global Market Report 2024, The remote surgery market size has grown rapidly in recent years. It will grow from $5.25 billion in 2023 to $6.2 billion in 2024 at a compound annual growth rate (CAGR) of 18.2%. The growth in the historic period can be attributed to improvement in telecommunication infrastructure, globalization of healthcare services, increased demand for specialty surgical expertise, collaboration between surgeons and technology developers, rising healthcare costs and need for efficiency, government initiatives for healthcare accessibility..
The remote surgery market size is expected to see rapid growth in the next few years. It will grow to $11.26 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to global health crisis preparedness, focus on rural and underserved healthcare, integration with artificial intelligence (ai), training and skill development initiatives, international collaboration in healthcare services.. Major trends in the forecast period include advancements in robotics and telecommunication, increased accessibility and connectivity, rising demand for minimally invasive procedures, integration of artificial intelligence (ai), surge in telesurgery training programs..
The rising number of surgeries across the globe is expected to propel the growth of the remote surgery market going forward. Surgery refers to a medical specialty and branch of medicine that involves the use of operative techniques to investigate, diagnose, and treat various medical conditions and diseases. The rising number of surgeries across the globe is a major factor driving the development and adoption of remote surgery. Remote surgeries are widely performed by surgeons, as these procedures offer greater precision, enhanced visualization, and shorter hospital stays. For instance, in June 2022, according to the American Society for Metabolic and Bariatric Surgery (ASMBS), a US-based non-profit medical organization, in 2021, approximately 262,893 bariatric surgeries were conducted, marking an increase from the 198,651 bariatric surgeries performed in 2020. Furthermore, in May 2023, according to Austin Publishing Group, a US-based publishing company, the global healthcare system performed in excess of 300 million major surgical procedures each year. Therefore, the rising number of surgeries across the globe is driving the growth of the remote surgery market.
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The remote surgery market covered in this report is segmented –
1) By Component: Accessories, Systems
2) By Application: Gynaecology Surgery, Urology Surgery, Thoracic Surgery, Cardiac Surgery, Neurosurgery, Orthopaedic Surgery, General Surgery, Other Applications
3) By End-User: Clinics, Hospitals
Major companies operating in the remote surgery market are focusing on technological advancements, such as robotic platforms, to improve the precision and accuracy of coronary angioplasty and enhance the safety of coronary angioplasty. These robotic platforms are equipped with cutting-edge features that mimic human dexterity. For instance, in May 2023, Robocath SAS, a France-based developer of robotic solutions and systems, launched the ‘R-One+ robotic platform’ for the treatment of heart surgery. The latest R-One+ robotic technology helps in the reduction of injuries caused by radiation and makes the surgical procedure safer and quicker. This platform enables cardiologists to control the devices during surgery via command unit from the control room of the operation facility. Moreover, R-One+ includes a number of safety features that help reduce the risk of complications during surgery. These safety features include collision detection and avoidance, as well as force feedback, which helps prevent the robotic arm from colliding with the patient or other surgical instruments.
The remote surgery market report table of contents includes:
1. Executive Summary
2.Remote Surgery Market Characteristics
3.Remote Surgery Market Trends And Strategies
4.Remote Surgery Market analysis
5.Remote Surgery Market Size And Growth
6.Remote Surgery Segmentation
7.Remote Surgery Regional And Country Analysis
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27.Remote Surgery Competitive Landscape And Company Profiles
28.Remote Surgery Key Mergers And Acquisitions
29.Remote Surgery Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Johnson and Johnson Private Limited
- Medtronic plc.
- Stryker Corporation
- Zimmer Biomet Holdings
- Intuitive Surgical Inc.
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