The digital surgery technologies market size has grown exponentially in recent years. It will grow from $0.83 billion in 2023 to $1.11 billion in 2024 at a compound annual growth rate (CAGR) of 33.6%. The growth observed during the historic period can be attributed to several factors including the increase in the aging population, efforts to contain costs within the healthcare sector, the globalization of healthcare services, and intensified market competition driving innovation.
The digital surgery technologies market size is expected to see exponential growth in the next few years. It will grow to $3.55 billion in 2028 at a compound annual growth rate (CAGR) of 33.8%. The projected growth in the forecast period is fueled by several factors, including the increasing adoption of wearable devices, the growing demand for customized surgical solutions, and the rising trend of healthcare consumerism. Key trends anticipated in the forecast period encompass the integration of remote monitoring and telehealth solutions, the development of surgical simulators and training platforms, the incorporation of artificial intelligence (AI) and machine learning (ML) technologies into surgical practices, and the emergence of smart operating rooms equipped with advanced digital technologies to enhance surgical procedures.
The rising incidence of chronic diseases is anticipated to drive the expansion of the digital surgery technologies market in the foreseeable future. Chronic diseases are long-term medical conditions that persist over extended periods and often necessitate ongoing management and treatment. Factors contributing to the increased prevalence of chronic diseases include aging populations, urbanization, unhealthy lifestyles, genetic factors, and social disparities. Digital surgery technologies play a crucial role in enhancing the precision, safety, and efficacy of surgical interventions, which are frequently required for managing complex chronic diseases. For example, data from the National Library of Medicine in January 2023 projects that the prevalence of chronic conditions will nearly double from 46.62 million in 2020 to 93.03 million by 2050, reflecting an estimated increase of about 99.55%. Thus, the growing prevalence of chronic diseases is a key driver fueling the growth of the digital surgery technologies market.
Leading companies in the digital surgery technologies sector are focusing on the development of advanced robotic solutions, particularly robotic-assisted solutions, to gain a competitive advantage in the market. Robotic-assisted solutions involve the use of robotic systems or devices designed to enhance surgical precision, dexterity, and control, thereby improving patient outcomes and reducing risks associated with traditional surgical methods. For instance, in October 2023, DePuy Synthes, a US-based medical device company, introduced the VELYS Robotic-Assisted Solution in the European market. This state-of-the-art technology is tailored for total knee replacement surgeries, combining advanced robotics with the ATTUNE Knee System, an extensive orthopedic implant system for total knee replacements. The VELYS Robotic-Assisted Solution offers personalized and precise procedures, delivering valuable insights, versatile execution, and verified performance to optimize patient outcomes and procedural efficiency. With features like a user-friendly interface, streamlined clinical application, adaptable workflow, and rapid registration process, this innovative solution seamlessly integrates into surgeons' practices.
In September 2022, Brainlab, a Germany-based medical technology company, acquired Dr. Langer Medical GmbH for an undisclosed sum. This acquisition is expected to align Brainlab's strategic initiatives and enable the integration of its technologies, providing comprehensive workflows for various surgical fields such as neurosurgery, spine surgery, and abdominal surgery. Dr. Langer Medical GmbH specializes in digital medical technology, particularly in intraoperative neuromonitoring solutions and related equipment, which will complement Brainlab's portfolio and further strengthen its position in the digital surgery technologies market.
Major companies operating in the digital surgery technologies market are Johnson & Johnson (Ethicon), Medtronic plc, Siemens Healthineers AG, FUJIFILM Holdings Corporation, Philips Healthcare, Stryker Corporation, B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Olympus Corporation, Intuitive Surgical Inc., Smith & Nephew plc, Integra LifeSciences Holdings Corporation, CONMED Corporation, Brainlab AG, Novadaq Technologies Inc., Osso VR Inc., Augmedics Ltd., VirtaMed, Verb Surgical Inc., Caresyntax Inc., Centerline Biomedical, FundamentalVR, Mimic Technologies Inc., PrecisionOS, EchoPixel Inc.
North America was the largest region in the digital surgery technologies market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the digital surgery technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the digital surgery technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Digital surgery technologies encompass a spectrum of digital solutions and advancements applied to surgical procedures, aiming to enhance precision, efficiency, and safety for surgeons. These technologies harness digital tools like augmented reality (AR), virtual reality (VR), robotics, and data analytics to improve surgical care by offering enhanced visualization, real-time feedback, and decision support.
The main components of digital surgery technologies include hardware, software, and services. Digital surgery technology hardware comprises the physical components or equipment utilized in digital surgery systems. Products encompass surgical navigation and advanced visualization tools, surgical simulation technologies, surgical planning software, and surgical data science solutions leveraging technologies such as artificial intelligence and big data. Additionally, hardware includes components related to the Internet of Things and robotics, as well as extended reality technologies. These technologies cater to a variety of organizational sizes, ranging from small and medium enterprises to large enterprises, serving diverse end users such as insurance companies, medical device vendors, hospitals and ambulatory surgical centers, education and research institutes, among others.
The digital surgery technologies market research report is one of a series of new reports that provides digital surgery technologies market statistics, including digital surgery technologies industry global market size, regional shares, competitors with a digital surgery technologies market share, detailed digital surgery technologies market segments, market trends, and opportunities, and any further data you may need to thrive in the digital surgery technologies industry. This digital surgery technology research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The digital surgery technologies market consist of revenues earned by entities by providing services such as predictive modeling, surgical workflow optimization, patient-specific surgical planning, and remote training and education. The market value includes the value of related goods sold by the service provider or included within the service offering. The digital surgery technologies market also includes sales of products such as surgical simulation platforms, image-guided surgical navigation systems, and robotic-assisted surgical systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The digital surgery technologies market size is expected to see exponential growth in the next few years. It will grow to $3.55 billion in 2028 at a compound annual growth rate (CAGR) of 33.8%. The projected growth in the forecast period is fueled by several factors, including the increasing adoption of wearable devices, the growing demand for customized surgical solutions, and the rising trend of healthcare consumerism. Key trends anticipated in the forecast period encompass the integration of remote monitoring and telehealth solutions, the development of surgical simulators and training platforms, the incorporation of artificial intelligence (AI) and machine learning (ML) technologies into surgical practices, and the emergence of smart operating rooms equipped with advanced digital technologies to enhance surgical procedures.
The rising incidence of chronic diseases is anticipated to drive the expansion of the digital surgery technologies market in the foreseeable future. Chronic diseases are long-term medical conditions that persist over extended periods and often necessitate ongoing management and treatment. Factors contributing to the increased prevalence of chronic diseases include aging populations, urbanization, unhealthy lifestyles, genetic factors, and social disparities. Digital surgery technologies play a crucial role in enhancing the precision, safety, and efficacy of surgical interventions, which are frequently required for managing complex chronic diseases. For example, data from the National Library of Medicine in January 2023 projects that the prevalence of chronic conditions will nearly double from 46.62 million in 2020 to 93.03 million by 2050, reflecting an estimated increase of about 99.55%. Thus, the growing prevalence of chronic diseases is a key driver fueling the growth of the digital surgery technologies market.
Leading companies in the digital surgery technologies sector are focusing on the development of advanced robotic solutions, particularly robotic-assisted solutions, to gain a competitive advantage in the market. Robotic-assisted solutions involve the use of robotic systems or devices designed to enhance surgical precision, dexterity, and control, thereby improving patient outcomes and reducing risks associated with traditional surgical methods. For instance, in October 2023, DePuy Synthes, a US-based medical device company, introduced the VELYS Robotic-Assisted Solution in the European market. This state-of-the-art technology is tailored for total knee replacement surgeries, combining advanced robotics with the ATTUNE Knee System, an extensive orthopedic implant system for total knee replacements. The VELYS Robotic-Assisted Solution offers personalized and precise procedures, delivering valuable insights, versatile execution, and verified performance to optimize patient outcomes and procedural efficiency. With features like a user-friendly interface, streamlined clinical application, adaptable workflow, and rapid registration process, this innovative solution seamlessly integrates into surgeons' practices.
In September 2022, Brainlab, a Germany-based medical technology company, acquired Dr. Langer Medical GmbH for an undisclosed sum. This acquisition is expected to align Brainlab's strategic initiatives and enable the integration of its technologies, providing comprehensive workflows for various surgical fields such as neurosurgery, spine surgery, and abdominal surgery. Dr. Langer Medical GmbH specializes in digital medical technology, particularly in intraoperative neuromonitoring solutions and related equipment, which will complement Brainlab's portfolio and further strengthen its position in the digital surgery technologies market.
Major companies operating in the digital surgery technologies market are Johnson & Johnson (Ethicon), Medtronic plc, Siemens Healthineers AG, FUJIFILM Holdings Corporation, Philips Healthcare, Stryker Corporation, B. Braun Melsungen AG, Zimmer Biomet Holdings Inc., Olympus Corporation, Intuitive Surgical Inc., Smith & Nephew plc, Integra LifeSciences Holdings Corporation, CONMED Corporation, Brainlab AG, Novadaq Technologies Inc., Osso VR Inc., Augmedics Ltd., VirtaMed, Verb Surgical Inc., Caresyntax Inc., Centerline Biomedical, FundamentalVR, Mimic Technologies Inc., PrecisionOS, EchoPixel Inc.
North America was the largest region in the digital surgery technologies market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the digital surgery technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the digital surgery technologies market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Digital surgery technologies encompass a spectrum of digital solutions and advancements applied to surgical procedures, aiming to enhance precision, efficiency, and safety for surgeons. These technologies harness digital tools like augmented reality (AR), virtual reality (VR), robotics, and data analytics to improve surgical care by offering enhanced visualization, real-time feedback, and decision support.
The main components of digital surgery technologies include hardware, software, and services. Digital surgery technology hardware comprises the physical components or equipment utilized in digital surgery systems. Products encompass surgical navigation and advanced visualization tools, surgical simulation technologies, surgical planning software, and surgical data science solutions leveraging technologies such as artificial intelligence and big data. Additionally, hardware includes components related to the Internet of Things and robotics, as well as extended reality technologies. These technologies cater to a variety of organizational sizes, ranging from small and medium enterprises to large enterprises, serving diverse end users such as insurance companies, medical device vendors, hospitals and ambulatory surgical centers, education and research institutes, among others.
The digital surgery technologies market research report is one of a series of new reports that provides digital surgery technologies market statistics, including digital surgery technologies industry global market size, regional shares, competitors with a digital surgery technologies market share, detailed digital surgery technologies market segments, market trends, and opportunities, and any further data you may need to thrive in the digital surgery technologies industry. This digital surgery technology research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The digital surgery technologies market consist of revenues earned by entities by providing services such as predictive modeling, surgical workflow optimization, patient-specific surgical planning, and remote training and education. The market value includes the value of related goods sold by the service provider or included within the service offering. The digital surgery technologies market also includes sales of products such as surgical simulation platforms, image-guided surgical navigation systems, and robotic-assisted surgical systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Digital Surgery Technologies Market Characteristics3. Digital Surgery Technologies Market Trends and Strategies32. Global Digital Surgery Technologies Market Competitive Benchmarking33. Global Digital Surgery Technologies Market Competitive Dashboard34. Key Mergers and Acquisitions in the Digital Surgery Technologies Market
4. Digital Surgery Technologies Market - Macro Economic Scenario
5. Global Digital Surgery Technologies Market Size and Growth
6. Digital Surgery Technologies Market Segmentation
7. Digital Surgery Technologies Market Regional and Country Analysis
8. Asia-Pacific Digital Surgery Technologies Market
9. China Digital Surgery Technologies Market
10. India Digital Surgery Technologies Market
11. Japan Digital Surgery Technologies Market
12. Australia Digital Surgery Technologies Market
13. Indonesia Digital Surgery Technologies Market
14. South Korea Digital Surgery Technologies Market
15. Western Europe Digital Surgery Technologies Market
16. UK Digital Surgery Technologies Market
17. Germany Digital Surgery Technologies Market
18. France Digital Surgery Technologies Market
19. Italy Digital Surgery Technologies Market
20. Spain Digital Surgery Technologies Market
21. Eastern Europe Digital Surgery Technologies Market
22. Russia Digital Surgery Technologies Market
23. North America Digital Surgery Technologies Market
24. USA Digital Surgery Technologies Market
25. Canada Digital Surgery Technologies Market
26. South America Digital Surgery Technologies Market
27. Brazil Digital Surgery Technologies Market
28. Middle East Digital Surgery Technologies Market
29. Africa Digital Surgery Technologies Market
30. Digital Surgery Technologies Market Competitive Landscape and Company Profiles
31. Digital Surgery Technologies Market Other Major and Innovative Companies
35. Digital Surgery Technologies Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Digital Surgery Technologies Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on digital surgery technologies market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for digital surgery technologies? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The digital surgery technologies market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) by Component: Hardware; Software; Service2) by Product Type: Surgical Navigation and Advanced Visualization; Surgical Simulation; Surgical Planning; Surgical Data Science
3) by Technology: Artificial Intelligence and Bigdata; Internet of Things and Robotics; Extended Reality; Other Technologies
4) by Organization Size: Small and Medium Enterprises; Large Enterprises
5) by End User: Insurance Companies; Medical Device Vendors; Hospitals and Ambulatory Surgical Centers; Education and Research Institutes; Other End Users
Key Companies Mentioned: Johnson & Johnson (Ethicon); Medtronic plc; Siemens Healthineers AG; FUJIFILM Holdings Corporation; Philips Healthcare
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Johnson & Johnson (Ethicon)
- Medtronic plc
- Siemens Healthineers AG
- FUJIFILM Holdings Corporation
- Philips Healthcare
- Stryker Corporation
- B. Braun Melsungen AG
- Zimmer Biomet Holdings Inc.
- Olympus Corporation
- Intuitive Surgical Inc.
- Smith & Nephew plc
- Integra LifeSciences Holdings Corporation
- CONMED Corporation
- Brainlab AG
- Novadaq Technologies Inc.
- Osso VR Inc.
- Augmedics Ltd.
- VirtaMed
- Verb Surgical Inc.
- Caresyntax Inc.
- Centerline Biomedical
- FundamentalVR
- Mimic Technologies Inc.
- PrecisionOS
- EchoPixel Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | June 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.11 Billion |
Forecasted Market Value ( USD | $ 3.55 Billion |
Compound Annual Growth Rate | 33.8% |
Regions Covered | Global |
No. of Companies Mentioned | 25 |