Market Overview
Digital surgery is the convergence of surgical technology, real-time data, and intelligence, i.e., the next frontier of surgery.
According to the MarkNtel Advisors' research report, "Global Digital Surgery Technologies Market Analysis, 2021," the market is likely to grow at a CAGR of around 22% during (2021-26). The use of digital technology for surgery helps in reducing patients' recovery time and provides better access to deep & angles space within the body. It brings unprecedented changes to the traditional surgery method.
Digital technology-based surgeries offer more personalized surgical care. Thus, the Digital Surgery Technology Market will grow significantly in the forthcoming period. Most market players and health systems are putting massive amounts to accelerate the digitization of surgery, thereby dramatically enhancing patient outcomes while reducing cost and inefficiencies.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR | 22% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, UK, France, Italy, Spain, Others | |
| Asia-Pacific: China, India, Japan, South Korea, Australia, Others | |
| South America: Brazil, and Argentina | |
| Middle East & Africa: Saudi Arabia, South Africa, Others | |
| Key Companies Profiled | 3Dintegrated ApS, 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 |
| Unit Denominations | USD Million/Billion |
Impact of COVID-19
The lockdown imposed by the government in the wake of the COVID-19 pandemic has negatively affected the Global Digital Surgery Technologies market due to the cancellation and postponement of surgeries, which had to happen during this time.
Further, sales of surgical tools were affected, resulting in massive disruption of supply chains due to the imposition of lockdown. Many industry leaders witnessed a decline in their revenues due to the reduced volume of elective digital surgeries.
