Global Digital Surgery Technologies Market

Global Digital Surgery Technologies Market: A Surge to US$ 3,253.8 Mn by 2030 with a CAGR of 28.09

The global market for digital surgery technologies is undergoing rapid growth, projected to expand from US$ 468.58 Mn in 2022 to an impressive US$ 3,253.8 Mn by 2030. This expansion represents a CAGR of 28.09%, indicating a significant advancement in surgical technologies.

Growth Influencers:

The market's growth is driven by an increasing number of patients undergoing surgery and the enhanced accuracy and recovery rates offered by pre-operative surgical planning. Digital surgery technologies are revolutionizing the medical field by providing more precise and efficient surgical procedures. However, the market faces challenges such as ethical concerns and the high costs associated with these advanced technologies.

Segment Overview:

The market is segmented into components, product types, technology, applications, and end-users.

By Component

• Hardware
• Software
• Services

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

The hardware component is expected to generate over US$ 2,400 Mn by 2030. Surgical Navigation & Advanced Visualization dominates the product type segment with a 58% market share in 2022. In terms of technology, Extended Reality (ER) is the fastest-growing segment, while Urology Surgery is anticipated to exceed US$ 600 Mn in revenue by 2030. Gynecological Surgery holds the largest market share in applications. The hospital segment is witnessing the fastest growth amongst end-users.

Regional Overview:

On the basis of region, report include following breakdown:

North America

• US
• Canada
• Mexico

Europe

• Western Europe
• UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Russia
• Poland
• 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

North America leads the market, holding more than 40% of the market share, with expected revenue of US$ 1,425.5 Mn by 2030. Europe, Asia Pacific, MEA, and South America also contribute significantly to the global market dynamics.

Company Profile:

The market comprises key players like 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, and Other Prominent Players. Collectively Major players holding a market share of nearly 19%. These companies play a crucial role in driving innovations and shaping the market landscape.

Report Insights:

• The market is set to reach US$ 3,253.8 Mn by 2030, growing at a CAGR of 28.09%.
• Growth driven by increasing surgeries and advancements in pre-operative planning.
• Hardware components and surgical navigation systems are significant market segments.

North America leads the market, with significant contributions from other regions.

Questions to be Answered:

• What factors are fueling the growth of the digital surgery technologies market?
• Which segments are experiencing the most significant expansion?
• How is North America contributing to the market's growth?
• What challenges are impacting the market's advancement?