Global Digital Surgery Market: Focus on Trends, Challenges, Competitive Landscape, COVID-19 Impact and Forecast (2021-2030)

A new statistical data titled as Digital Surgery Market has been published by Absolute Markets Insights. Different features of recent trends have been elaborated to give an in-depth analysis of the progress of the industries. Effective exploratory techniques such as qualitative and quantitative analysis have been used to discover the accurate data.

The global demand for digital surgery technology is currently undergoing a big shift in the Digital Surgery Market. Investment in healthcare infrastructure growth is growing, and adoption of advanced technologies for treatment and diagnostic assistance is increasing. This provides growth opportunities for the demand of digital surgery over the period. In addition, AI-powered medical devices are being built for surgical purposes by emerging players, and many of the global tech giants such as Microsoft and Google are joining the healthcare sector.

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With increased budget pressures across global health market and the execution of value-based medicine in some markets, digital surgery is seen as the next apex of surgery by stakeholders in the public and private sectors. In order to better promote outpatient surgery, minimally forward procedures hospitals are replacing obsolete surgical spaces with new operating suites. It is estimated that robotic surgical systems and imaging technology such as surgical navigation systems will become common in the coming years. Growing rates of chronic diseases among the population will drive the Digital Surgery Market in recent years.

The growing complication in clinical decision-making, increasing workload of the surgeon, and enormous investments in R&D are the key factors driving the market for digital surgery. In addition to these factors, there are many challenges that could hinder the growth of the Digital Surgery Market. These obstacles include the unwillingness of surgeons to implement new technology, such as AI, and health data due to privacy and security issues. It is therefore expected that these developments will have a major effect on the demand for digital surgery technology over the years.

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There are various large-scale as well as small-scale manufacturers and distributors in the global Digital Surgery Market technologies. Currently, with the growing acceptance of AI in healthcare there are sufficient opportunities for manufacturers in the industry to broaden their offerings and to create a strong Digital Surgery Market foothold. Surgeons continue to have better options for obtaining outstanding digital surgery results with continuing developments in technology and techniques.

Digital surgery seeks to bring a new level of scientific precision and clarity to the field of surgery by offering resources that enhance the understanding and judgement of the surgeon and staff in order to improve patient’s performance and results. Digital surgery can make surgical treatment available to a greater number of patients worldwide by providing care more effectively. It will decrease the variability of results and will recognize the main factors responsible in order to achieve effectiveness during surgical procedures, optimizing best practices and mentoring surgeons on how to reliably provide quality care.

COVID-19 Impact:

During the pandemic, the budgets of hospitals for capital equipment were strained but they will continue to invest in digital surgery and robotics because the innovations provide patients with value. In the COVID-19 the increasing use of surgical robotics will perform minimally invasive procedures on patients while providing greater protection to the surgical team as compared to manual minimally invasive surgery. With 313 million individuals performing surgery every year around the world, it is very important to take additional steps to protect the surgical team and the patient. It is complex to perform minimally invasive procedures and presents a higher risk to the surgical team during COVID-19, thus adoption of digital surgery will boost amidst the Covid-19 pandemic.

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Key Findings of the Report:
• Global digital surgery market was valued at US$ 201.82 million in 2019 and is expected to reach US$ 4817.61 million by 2028, growing at a CAGR of 34.1% over the forecast period.
• In the technology segment AI and data analytics will lead the Digital Surgery Market over the forecast period, in order to reduce risk and make surgery safer the companies are integrating AI systems designed for the operating rooms. Currently more than 5 billion people in the world don’t have access to safer surgical procedures, in order to address these challenges AI is aiding in solving the complex issues that surgical team faces.
• North America accounts for the highest share for the digital surgery market, the presence of key players in this region and increasing government spending in healthcare sector is boosting the growth of this market.
• The major players operating in the market include 3D Systems, Inc., 3dintegrated ApS, Augmedics, Brainlab, Caresyntax, Centerline Biomedical, Corindus, Inc., EchoPixel, Fundamental Surgery, Intuitive Surgical, Johnson & Johnson, Medical Device Business Services, Inc., Medtronic, Mimic Technologies, Inc, Osso VR, Stryker, Surgical Science, Touch Surgery, Verb Surgical Inc., VirtaMed AG, and Other Market Participants.

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