Press release
Remote Surgery Market Insights, Forecast, Growth, Trends 2024-2033
Remote Surgery Market
The Business Research Company offers in-depth market insights through Remote Surgery Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The remote surgery market size has grown rapidly in recent years. It will grow from $5.25 billion in 2023 to $6.2 billion in 2024 at a compound annual growth rate (CAGR) of 18.2%. The growth in the historic period can be attributed to improvement in telecommunication infrastructure, globalization of healthcare services, increased demand for specialty surgical expertise, collaboration between surgeons and technology developers, rising healthcare costs and need for efficiency, government initiatives for healthcare accessibility..
The remote surgery market size is expected to see rapid growth in the next few years. It will grow to $11.26 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to global health crisis preparedness, focus on rural and underserved healthcare, integration with artificial intelligence (ai), training and skill development initiatives, international collaboration in healthcare services.. Major trends in the forecast period include advancements in robotics and telecommunication, increased accessibility and connectivity, rising demand for minimally invasive procedures, integration of artificial intelligence (ai), surge in telesurgery training programs..
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Market Segmentation:
The remote surgery market covered in this report is segmented -
1) By Component: Accessories, Systems
2) By Application: Gynaecology Surgery, Urology Surgery, Thoracic Surgery, Cardiac Surgery, Neurosurgery, Orthopaedic Surgery, General Surgery, Other Applications
3) By End-User: Clinics, Hospitals
Major Driver - Rising Number Of Surgeries Worldwide Fueling Growth In Remote Surgery Market
The rising number of surgeries across the globe is expected to propel the growth of the remote surgery market going forward. Surgery refers to a medical specialty and branch of medicine that involves the use of operative techniques to investigate, diagnose, and treat various medical conditions and diseases. The rising number of surgeries across the globe is a major factor driving the development and adoption of remote surgery. Remote surgeries are widely performed by surgeons, as these procedures offer greater precision, enhanced visualization, and shorter hospital stays. For instance, in June 2022, according to the American Society for Metabolic and Bariatric Surgery (ASMBS), a US-based non-profit medical organization, in 2021, approximately 262,893 bariatric surgeries were conducted, marking an increase from the 198,651 bariatric surgeries performed in 2020. Furthermore, in May 2023, according to Austin Publishing Group, a US-based publishing company, the global healthcare system performed in excess of 300 million major surgical procedures each year. Therefore, the rising number of surgeries across the globe is driving the growth of the remote surgery market.
Competitive Landscape:
Major companies operating in the remote surgery market report are Johnson and Johnson Private Limited, Medtronic plc., Stryker Corporation, Zimmer Biomet Holdings, Intuitive Surgical Inc., Smith and Nephew plc., Auris Health Inc., Globus Medical Inc., Renishaw plc., SRI International, Accuray Incorporated, Brainlab AG, Meere Co Inc., Titan Medical Group, MAKO Surgical Corp., Avatera Medical GmbH, Mazor Robotics Ltd., CMR Surgical Ltd., THINK Surgical Inc., Vicarious Surgical Inc., Ronovo Surgical, Blue Belt Technologies Inc., Synaptive Medical Inc., Virtual Incision Corporation, Asensus Surgical Inc., Medrobotics Corporation, MicroSure B.V., EndoQuest Robotics Ltd., Medicaroid Corporation, Neocis Inc.
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