Global Digital Surgery Technologies Market value was US$ 468.6 million in 2022 and is forecast to reach a valuation of US$ 4,143.1 million by 2031, growing at a CAGR of 27.4% during the forecast period from 2023 to 2031.
The digital surgery technology market is currently undergoing a transition. Robotics, virtual and augmented reality, and artificial intelligence advancements are quickly being embraced as “digital surgery” techniques. Artificial intelligence (AI) is gaining traction in various industries, including robots, virtual reality, and surgery. The market is expanding owing to the speedy introduction of new technologies and changing end-user expectations.
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The global digital surgery technology market is quickly expanding the use of robotic-assisted surgical devices. For instance, according to the Medtech Pro Global Surgical Procedure Volumes Tracker, the number of robotic procedures, such as orthopedic surgeries and soft-tissue abdominal will more than double when these areas are developed, from an anticipated 1.7 million in 2020 to over 3.9 million in 2025. The steady rise in the number of surgical procedures is also raising a sharp increase in the demand for digital surgery equipment. Additionally, India has over 500 skilled robotic surgeons, over 70 institutes for robotic surgery, and about 80 robots, which further illustrates the market’s potential for expansion.
The use of augmented reality and virtual reality in surgical processes is evolving significantly in the global market. The AR-based technology aids surgeons in precisely detecting and locating key components during challenging operations. For instance, in July 2023, Augmedics, a pioneer in augmented reality (AR) surgical navigation, revealed that it had won the bidding war for the digital health assets of Surgalign and Holo Surgical. The development comes one month after Augmedics raised US$ 82.5 million to speed up the adoption of augmented reality spine surgery, and it expands the company’s portfolio of AI and AR assets with intellectual property.
Surgical Navigation and Advanced Visualization Controlled More Than 50% of Market Revenue Share
In 2022, surgical navigation and advanced visualization had more than 59.8% of the global market share and are likely to remain dominant throughout the projected period. The surgical navigation and better visualization category has a substantial market share due to its various advantages.
Additionally, real-time tool visibility in 2D photos, 3D scans, MR, or CT scans aids surgeons in making informed decisions during challenging deformity repair and tumor treatments. These enhanced viewing capabilities directly impact surgical outcomes and patient care.
Healthcare institutions are using this technology more frequently as a result, which is accelerating the segment’s expansion in the global market. For instance, in September 2023, Veyond Metaverse, a startup using extended reality (XR) technology for healthcare, made a ground-breaking medical advancement by enabling real-time digital surgery. An incredible 8,800 kilometers separated a proctor surgeon in Paris, France, from his counterpart and patient in Yangon, Myanmar. The company’s Veyond ConnectTM technology was essential to this outstanding accomplishment.
North America Control Over 44% of the Revenue Share of the Global Market
With a dominant 43.8% market share, North America dominates the digital surgery technology market. North America’s propensity to adopt cutting-edge medical advancements, notably in surgery, is reflected in this industry leadership. The US and Canada’s enthusiasm to incorporate digital surgical technology into their healthcare frameworks highlights the countries’ solid healthcare foundations and shows the general economic strength of the two nations.
The expansion of important U.S. companies and the creation of AI-powered robotic devices are further driving the growth of the global market. For instance, in May 2023, the global medical technology company Smith+Nephew launched RI. INSIGHTS Data Visualization Platform and Personalized Planning driven by AI. These two products will finish the feedback loop for the business’s robotics and digital surgery portfolio. By helping surgeons understand how pre-operative surgical plans and intra-operative decision-making relate to post-operative results, these technologies transform data into contextual intelligence.
The rising use of minimally invasive surgical methods and robot-assisted procedures will also hasten the market expansion in North America. For instance, in July 2023, a surgical team at Washington University School of Medicine finished the first robotic liver transplant in the United States. The successful transplant carried out in May at Barnes-Jewish Hospital expands the benefits of less invasive robotic surgery to liver transplants.
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The remarkable adoption rate on the continent is mostly a result of the excellent reimbursement environment in North America. These regulations are essential in assisting in reducing the high initial costs associated with incorporating these cutting-edge surgical devices. By removing financial barriers, they enable healthcare facilities to provide cutting-edge therapies to their patients.
List of Key Companies Profiled
- Augmedics Ltd.
- Brainlab AG
- Caresyntax Inc
- Centerline Biomedical
- DASH Analytics
- EchoPixel Inc.
- FundamentalVR
- Medtronic plc
- Mimic Technologies, Inc.
- Novadaq Technologies Inc.
- Osso VR Inc.
- Surgical Science Sweden AB
- VirtaMed AG
- Other Prominent Players
Segmentation Outline
The global digital surgery technologies market segmentation focuses on
Component, Product Type, Technology, Application, End-User, and Region.
By Component
- Hardware
- Vision Systems
- Surgical Systems
- Software
- Service
By Product Type
- Surgical Navigation & Advanced Visualization
- Surgical Simulation
- Surgical Planning
- Surgical Data Science
By Technology
- AI and Big Data
- IoT and Robotics
- Extended Reality (ER: AR/VR/MR)
- Others
By Application
- General Surgery
- Neurological Surgery
- Cardiovascular Surgery
- Orthopedics Surgery
- Urology Surgery
- Gynecological Surgery
- Ophthalmological Surgery
- Others
By End User
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Others
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Western Europe
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of South America
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