The global digital surgery technologies market size was US$ 499.8 million in 2021. The global digital surgery technologies market size is forecast to reach US$ 5,210.5 million by 2030, growing at a compound annual growth rate (CAGR) of 32.2% during the forecast period from 2022 to 2030.
The emergence of surgical technology, real-time data, and intelligence is defined as digital surgery. The in-built artificial intelligence capabilities of digital surgery technologies enable clinicians in surgical navigation, surgical visualization, surgical intra-operative guidance, and assessing and optimizing the surgical ecosystem's workflow efficiency. Advanced visualization technologies (augmented reality (AR), virtual reality (VR), mixed reality (MR), artificial intelligence (AI) algorithms, and technologies) are frequently the emphasis.
Factors Influencing Market Growth
Among the factors driving the global market include burgeoning complexness in clinical decision-making and rising surgeon's workload, growing R&D investments, and technological advancements in Artificial Intelligence, the Internet of Things, big data, extended reality (ER) digitalization.
The surgeons' hesitation toward the adoption of advanced technologies, such as AI, and the privacy and security problems related to healthcare data may slow down the overall market growth.
The rising adoption of remote care and telepresence are forecast to offer lucrative opportunities for the global market during the forecast period.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global digital surgery-based product, manufacturer, business expansion, and deployment activities. Engineers and experts in countries, such as South Korea, cannot manufacture innovative semiconductors and other items. COVID-19-affected external labs are suffering delays in receiving regulatory permission, resulting in higher operational costs. Many manufacturers and suppliers have experienced shutdowns or business disruptions as a result of COVID-19.
Regional Insights
The Asia Pacific region is forecast to have lucrative growth in the market during the forecast period. The growth in healthcare infrastructure expansion and the increasing geriatric population in developing countries such as India, China, and Australia, fuel the market growth in the region.
North America accounted for the largest share of the market in 2021. As a result of the increasing occurrence rate of chronic diseases among the people of North America. In addition, the advances in technology and supportive reimbursement policies for digital surgical procedures drive the digital surgery technologies market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global digital surgery technologies market are:
Osso VR
Augmedics Limited
Brainlab AG
Medtronic Plc
Caresyntax, Incorporated
3Dintegrated ApS
DASH Analytics
Novadaq Technologies, Incorporated
Fundamental VR
EchpPixel, Incorporated
Surgical Science Sweden AB
VirtaMed AG
Mimic Technologies
Centerline Biomedical
Other Prominent Players
Scope of the Report
The global digital surgery technologies market segmentation focuses on Technology, Product Type, and Region.
Segmentation based on Technology
Augmented Reality (AR)/ Virtual Reality (VR)
AI Algorithms
Mixed Reality (MR)
Other Technologies
Segmentation based on Product Type
Surgical Simulation
Surgical Data Science
Navigation and Visualization
Surgical Planning
Segmentation based on 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
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America