This Digital Surgery Market research report contains a complete background analysis of the industry, which includes an assessment of the parental market. All the statistical and numerical that have been forecasted in this report is represented with the help of graphs, charts, or tables which makes this report more user-friendly. This Digital Surgery Market report contains a thorough description, competitive scenario, wide product portfolio of key vendors, and business strategy adopted by competitors along with their SWOT analysis and porter’s five force analysis. Whether it is about renewing a business plan, preparing a presentation for a key client, or giving recommendations to an executive, this Digital Surgery Market report will surely help you to a degree.
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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. 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.
Digital Surgery Market
- By Component
- By Type
- Surgical Simulation Systems
- Surgical Analytics
- Surgical Visualization and Assistance
- Surgical Planning and Forecasting
- By Technology
- AI and Big Data
- IoT and Robotics
- Augmented Reality and Virtual Reality
- By Organization Size
- Small and Medium Enterprises
- Large Enterprises
- By Disease Indication
- By End User
- Insurance Companies
- Medical Device Vendors
- Hospitals and Ambulatory Surgical Centers
- Education and Research Institutes
- By Geography
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- 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.
Key Questions Answered with this Study
1) What makes Digital Surgery Market feasible for long term investment?
2) Know value chain areas where players can create value?
3) Teritorry that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for product/services?
5) What opportunity emerging territory would offer to established and new entrants in Digital Surgery market?
6) Risk side analysis connected with service providers?
7) How influencing factors driving the demand of Digital Surgery in next few years?
8) What is the impact analysis of various factors in the Digital Surgery market growth?
9) What strategies of big players help them acquire share in mature market?
10) How Technology and Customer-Centric Innovation is bringing big Change in Digital Surgery Market?
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