Press Release

Global Digital Surgery Technologies Market to Register Growth at a CAGR of 24.9% During 2024-2030

The Global Digital Surgery Technologies Market size was valued at USD 575.1 million in 2023 and is projected to reach USD 4082.5 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 24.9% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report. The market growth owes to the escalated need for surgeries as a result of chronic disease prevalence and the rise in road traffic accidents.

Also, countries have been investing in and supporting the installation of robotic surgical systems as well as digital surgery technologies to flourish the medical tourism sector. The growing medical tourism for the preference of minimally invasive surgeries, especially among aged patients across the countries, has also allowed the penetration of digital surgery technologies in medical facilities. As a result, the market has been witnessing positive growth trends.

Moreover, a significant proportion of individuals across the world have been enrolling themselves in the medical profession. This has generated the need for digital surgery technologies to train surgical skills to these future surgeons. For instance, digital surgery technology, such as Osso Health offers to educate medical professionals about carpal tunnel and total knee replacement procedures.

Moreover, several key companies have become involved and have been investing in the development of technologically advanced digital surgery technologies. These efforts by the companies would positively impact the growth of the market, further states the research report, “Global Digital Surgery Technologies Market Analysis, 2024.”

Global Digital Surgery Technologies Market Segmentation Analysis

Gynecological Surgery Segment to Lead the Global Digital Surgery Technologies Market

Based on the application segment, the market is further bifurcated into, Cardiovascular Surgery, Orthopaedic Surgery, Urology Surgery, General Surgery, Neurological Surgery, Gynaecological Surgery, and Others. Of them all, the Gynaecological Surgery category is expected to grow with a prominent market share. This is due to the rise in gynecological issues such as pelvic pain, cervical malignancies, etc., in several women that require surgery as part of treatment.

Also, due to family planning initiatives, there has been a surge in the number of women undergoing birth control procedures post-birth of the second child. This has supported the adoption of digital surgery technologies. Further, the various benefits such as minimal incision, shorter hospital stay, fertility preservation, etc., offered by digital surgery technologies for gynecological procedures, have led women and their healthcare professionals to prefer such technologies.

North America to Dominate the Digital Surgery Technologies Market

North America has a significant market share. This is due to the growing preference for minimally invasive surgeries, especially among elderly patients. Further, the surge in road traffic accidents has also allowed the penetration of digital surgery technologies in the region’s healthcare facilities. The presence of a large population pool with various chronic conditions in which surgeries are performed for improved quality of life as well as for patient survival has also been supporting the market growth.

The region has a developed healthcare ecosystem, where healthcare providers and institutions always seek state of art healthcare technologies such as digital surgery to provide patients with appropriate treatment, thereby driving the North America Digital Surgery Technologies Market growth.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Augmedics, Brainlab AG, Caresyntax®, Centerline Biomedical, EchoPixel, Fundamental Surgery, Medtronic plc, Surgical Science, Johnson & Johnson Services, Inc., True Digital Surgery, Osso VR, Inc., VirtaMed AG, Activ Surgical, Asensus Surgical US, Inc., Syngular Technology, and Others are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the Global Digital Surgery Technologies Market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various regions?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?