Digital Surgery Technologies Market Size was valued at USD 795.59 Mn in 2023 and is predicted to reach USD 6,078.74 Mn by 2031 at a 29.50% CAGR during the forecast period for 2024-2031.
Several key elements are propelling the growth of the global digital surgery technologies market. These include the increasing involvement of technologists and start-ups in advancing surgical innovation, the enhanced precision afforded by digital surgery techniques, and the promising potential for improved post-operative rehabilitation through pre-surgical planning. The incorporation of (AR) and (VR) into surgical procedures holds promise for augmenting patient safety, refining surgical outcomes, and propelling medical progress through innovation and education.
Nevertheless, there are challenges to be addressed for the full realization of these benefits in clinical practice. These include technological constraints, regulatory hurdles, and the necessity for further validation through clinical trials. Despite these challenges, ongoing developments in healthcare infrastructure, particularly in developed regions, are facilitating the adoption of digital surgery technologies. Hospitals and healthcare institutions are investing in cutting-edge equipment and systems to enhance surgical outcomes, thereby fostering market expansion.
Competitive Landscape
Some of the Major Key Players in the Digital Surgery Technologies Market are:
- Activ Surgical
- Augmedics
- Brainlab
- Caresyntax
- Centerline Biomedical
- EchoPixel, Inc.
- FundamentalVR
- Medical Realities
- Medtronic
- Osso VR
- PrecisionOS
- Stryker Corporation
- Surgical Science Sweden
- VirtaMed
Market Segmentation:
The digital surgery technologies market is segmented based on product and technology. Based on product, the digital surgery technologies market is segmented as surgical simulation systems, surgical planning, surgical data science and surgical navigation, & advanced visualization. Based on technology, the digital surgery technologies market is segmented as AI algorithms, mixed reality, other technologies., augmented reality & virtual reality.
Based on Technology, the AR/VR Segment is Accounted as a Major Contributor in the Digital Surgery Technologies Market.
The AR/VR category is expected to hold a major share of the global digital surgery technologies market in 2022. (AR) and (VR) are revolutionizing digital surgery technology, significantly impacting various stages of the surgical process and offering a multitude of advantages. Surgeons can overlay real-time data, such as vital signs, anatomical structures, and surgical instructions, onto the patient's body using AR glasses or displays. This enhancement improves spatial awareness and aids in decision-making during surgery. Intraoperative Guidance: AR can guide surgeons during minimally invasive procedures by highlighting critical structures and pathways within the surgical field. This minimizes tissue damage and enhances surgical accuracy. Pre-operative planning and rehearsal: Surgeons can generate virtual models of the patient's anatomy and rehearse the planned surgery in VR. This enables meticulous planning and risk mitigation before entering the operating room.
The Surgical Simulation Systems Segment Witnessed Growth at a Rapid Rate.
The surgical simulation systems segment is projected to develop at a speedy rate in the global digital surgery technologies market. The rising prominence of surgical simulation systems reflects a growing recognition of their importance in improving surgical training, enhancing patient safety, and advancing the field of surgery. Surgical simulation systems also play a crucial role in the research and development of new surgical techniques and technologies. They provide a platform for testing and refining procedures before they are used in clinical practice.
In the Region, the North America Digital Surgery Technologies Market Holds a Significant Revenue Share.
The North America digital surgery technologies market is poised to secure the leading market share in terms of revenue in the foreseeable future. This trend is propelled by escalating healthcare investments, coupled with government initiatives aimed at fostering technological advancements within the healthcare sector. The region's substantial population and mounting prevalence of chronic illnesses further drive the adoption of digital surgery technologies, enhancing patient outcomes. Similarly, the European region is anticipated to experience rapid growth within the global digital surgery technologies market. This growth is underpinned by factors such as rapid urbanization, escalating healthcare expenditure, and advancements in medical infrastructure. Countries are witnessing a surge in demand for innovative surgical solutions to cater to the burgeoning healthcare needs of their populations.
Recent Developments:
- January 2024, Rescale and Caresyntax expanded their partnership, enhancing access to a scalable platform for AI-powered simulation and intelligence in surgery. This collaboration, supported by the World Economic Forum, contributed significantly to advancing surgical care and promoting health equity."
- June 2023 witnessed Augmedics securing $82.5 million to accelerate the adoption of augmented reality in spine surgery.
Digital Surgery Technologies Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2023 |
USD 795.59 Mn |
|
Revenue Forecast In 2031 |
USD 6,078.74 Mn |
|
Growth Rate CAGR |
CAGR of 29.50% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Technology, By Product and By Region |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
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Competitive Landscape |
Activ Surgical, Augmedics, Brainlab, Caresyntax, Centerline Biomedical, EchoPixel, Inc., FundamentalVR, Medical Realities, Medtronic, Osso VR, PrecisionOS, Stryker Corporation, Surgical Science Sweden and VirtaMed |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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