Global Digital Surgery Technologies Market: In-Depth Analysis and Forecasts for 2024-2030
MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Digital Surgery Technologies Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Digital Surgery Technologies Market: 2024-2030
The Global Digital Surgery Technologies Market size was valued at USD 775.1 million in 2023 and is projected to reach USD 4,582.5 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 33.92% during the forecast period, i.e., 2024-30. The chronic disease prevalence and a rise in road traffic accidents have escalated the need for surgeries. This has positively impacted the demand for digital surgery technologies for enhanced surgical procedures. For instance, every year around 20 and 50 million people suffer from injuries globally due to road traffic accidents as mentioned by the WHO. Further, the growing preference for minimally invasive surgeries, especially among aged patients, has also allowed the penetration of digital surgery technologies in medical facilities.
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What are the primary factors driving the growth of the Digital Surgery Technologies Market?
Government Initiatives to Propel Market Growth – In recent times, governments in countries like the US, the UK, Germany, India, the UAE, etc., have recognized the benefits, such as improved precision, minimal invasion, enhanced patient outcomes, and reduced healthcare costs, etc., of digital surgery technologies like robotic surgical systems. As a result, they have been implementing policies and funding to support the integration of such advanced technologies and systems in healthcare facilities, which positively impacts the market growth. For instance:
- In 2023, the UK government announced funding of around USD 14 million to digitalize healthcare and support hospitals with newer technologies like surgical robotics.
Moreover, government support has not only encouraged healthcare providers to invest in digital surgery technologies but has also stimulated innovation and competition among manufacturers like Medtronic, Johnson & Johnson Services Inc., Caresyntax®, and others. In 2024, with a cost of USD 2 million, the da Vinci XI robotic-assisted surgical system was installed in Conquest Hospital, UK. Consequently, the market for digital surgery technologies has experienced rapid growth.
Digital Surgery Technologies Market Segmentation:
The Digital Surgery Technologies market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Components
- Hardware- Market Size & Forecast 2019-2030, USD Million
- Vision Systems- Market Size & Forecast 2019-2030, USD Million
- Surgical Systems- Market Size & Forecast 2019-2030, USD Million
- Software- Market Size & Forecast 2019-2030, USD Million
- Services- Market Size & Forecast 2019-2030, USD Million
By Product Type
- Surgical Navigation & Advanced Visualization- Market Size & Forecast 2019-2030, USD Million
- Surgical Simulation- Market Size & Forecast 2019-2030, USD Million
- Surgical Planning- Market Size & Forecast 2019-2030, USD Million
- Surgical Data Science- Market Size & Forecast 2019-2030, USD Million
By Technology
- AI & Machine Learning- Market Size & Forecast 2019-2030, USD Million
- IoT & Robotics- Market Size & Forecast 2019-2030, USD Million
- Extended Reality (AR/VR/MR)- Market Size & Forecast 2019-2030, USD Million
By Application
- Cardiovascular Surgery- Market Size & Forecast 2019-2030, USD Million
- Orthopedics Surgery- Market Size & Forecast 2019-2030, USD Million
- Urology Surgery- Market Size & Forecast 2019-2030, USD Million
- General Surgery- Market Size & Forecast 2019-2030, USD Million
- Neurological Surgery- Market Size & Forecast 2019-2030, USD Million
- Gynecological Surgery- Market Size & Forecast 2019-2030, USD Million
- Others (Ophthalmological Surgery, Gastrointestinal Surgery, etc.)- Market Size & Forecast 2019-2030, USD Million
By End User
- Hospitals- Market Size & Forecast 2019-2030, USD Million
- Ambulatory Surgical Centers- Market Size & Forecast 2019-2030, USD Million
- Specialty Clinics- Market Size & Forecast 2019-2030, USD Million
Geographical Analysis into the Digital Surgery Technologies Market:
The Digital Surgery Technologies market is categorized based regional:
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
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Competitive Landscape and Digital Surgery Technologies Market Share Analysis:
The competitive landscape of the Digital Surgery Technologies Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
- Augmedics
- Brainlab AG
- Caresyntax®
- Centerline Biomedical
- EchoPixel
- Fundamental Surgery
- Medtronic plc
- Surgical Science
- Johnson & Johnson Services, Inc.
- True Digital Surgery
- Osso VR, Inc.
- VirtaMed AG
- Activ Surgical
- Asensus Surgical US, Inc.
- Syngular Technology
- Others
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Questions Addressed in this Study
- What factors are driving the Digital Surgery Technologies Market growth?
- How is the Digital Surgery Technologies Market expected to grow over the next five years?
- What are the key insights into the current trends in the Digital Surgery Technologies Market?
- What is the current size of the Digital Surgery Technologies Market, and how is it projected to change in the future?
- What is the future outlook for the Digital Surgery Technologies Market in terms of technological advancements and market expansion?
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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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