Digital Surgery Technologies Market Size, Share - Top Companies, Business Growth & Investment Opportunities, Share and Forecasts

New York , United States- Report Ocean presents a new report on Digital Surgery Technologies Market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market's future.

The global digital surgery technologies market was US$ 312.2 million in 2020. The global digital surgery technologies market is forecast to reach US$ 5,112 million by 2030 by growing at a Compound Annual Growth Rate (CAGR) of 32% during the forecast period from 2021-2030.

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In order to produce a holistic assessment of the market, a variety of factors is considered, including demographics, business cycles, and microeconomic factors specific to the market under study. Digital Surgery Technologies Market report 2021 also contains a comprehensive business analysis of the state of the business, which analyzes innovative ways for business growth and describes critical factors such as prime manufacturers, production value, key regions, and growth rate.

The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.

This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market's future growth.

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Factors Influencing

The growing healthcare expenditure is the prominent factor driving the market growth. Hospitals are replacing antiquated surgical facilities with new operating suites. In the coming years, robotic surgical systems and imaging technology, such as surgical navigation systems, are projected to gain huge demand. Moreover, as Microsoft and Google are making advancements in the healthcare sector, the global digital surgery technology market would grow at a rapid pace.

The growing pervasiveness of chronic diseases would create promising opportunities for the market players thriving in the digital surgery technologies market.

The risk and high cost associated with digital surgical technologies may decline the market growth during the analysis period.

Enhanced accuracy of digital surgical technologies may become another reason for the growth of the global digital surgery technologies market during the forecast period. In the UAE, a robot surgeon successfully removed a 5kg tumor from a woman's ovaries. Thus, such successful results would propel market growth.

The advancements in Artificial Intelligence would create ample opportunities for the market players to generate high revenue during the analysis period. In 2020, Virtual Incision introduced the miniaturized in vivo robotic assistant (MIRA) platform. The device can efficiently perform minimally invasive abdominal surgeries, including colon resections. Thus, such advancements would contribute to market growth.

COVID-19 Impact Analysis

The digital surgery technologies market witnessed a slight decline during the initial phase of the pandemic. However, the market is forecast to witness rising investments in digital surgery and robotics to benefit patients. It has become vital to perform extra steps to protect both the surgical team and the patient. The growth of the minimally invasive treatments during COVID-19 surged the demand for digital surgery technologies. As a result, the COVID-19 pandemic had a positive influence on the global digital surgery technologies market.

Geographical Analysis

Regionally, North America dominates the global digital surgery technologies industry and is expected to contribute with the same share. The growth of the region in the global digital surgery technologies market is attributed to the increasing pervasiveness of diseases. Apart from that, the growing population and demand for better healthcare facilities are driving the growth of the global digital surgery technologies market.

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Competitors in the Market

TransEnterix, Inc.

Medtech SA

Smith & Nephew

Renishaw PLC

Mazor Robotics

Hansen Medical

Merck Co. & Inc

Verb Surgical Inc.

Medrobotics Corporation

Intuitive Surgical, Inc.

Stryker Corporation

Other prominent players

Market Segmentation

Based on Technology

AI and Big Data

IoT and Robotics

Augmented Reality and Virtual Reality

Based on Product

Surgical Simulation

Surgical Navigation

Advanced Visualization Products

Surgical Data Science

Surgical Planning

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By Region

North America

The U.S.

Canada

Mexico

Europe

Western Europe

The UK

Germany

France

Italy

Spain

Rest of Western Europe

Eastern Europe

Poland

Russia

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

What are the aspects of this report that relate to regional analysis?

The report's geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.

Reports on the market include the growth rates of each region, which includes their countries, over the coming years.

How are the key players in the market assessed?

This report provides a comprehensive analysis of leading competitors in the market.

The report includes information about the key vendors in the market.

The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.

The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.

A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

What is the key information extracted from the report?

Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter's Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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