Press release
2025-2034 Digital Surgery Technologies Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Digital Surgery Technologies
What Is the Expected CAGR for the Digital Surgery Technologies Market Through 2025?
The market size for digital surgery technologies has experienced substantial expansion in the past few years. It is projected to escalate from $1.11 billion in 2024 to $1.48 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 33.9%. Factors propelling growth in the historic period include an increasing elderly population, efforts to contain costs, healthcare globalization, market competition, and innovation.
What's the Projected Size of the Global Digital Surgery Technologies Market by 2029?
Over the coming years, the market size of digital surgery technologies is predicted to increase exponentially. The projected growth to reach $4.75 billion by 2029, with a 33.7% compound annual growth rate (CAGR). This surge during the forecasted period is believed to be due to the expanding adoption of wearable devices, a desire for tailored surgical solutions, and the growth of healthcare consumerism. Key trends predicted for this period include the integration of remote monitoring and telehealth, surgical simulators and training solutions, the implementation of AI and ML, as well as the development of intelligent operating rooms.
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Top Growth Drivers in the Digital Surgery Technologies Industry: What's Accelerating the Market?
The digital surgery technologies market's advancement is anticipated to be driven by the rising prevalence of chronic illnesses. Chronic illnesses are long-lasting medical conditions that usually endure over lengthy periods, generally necessitating continuous monitoring and treatment. Aging populations, urbanization, unhealthy lifestyles, genetic factors, and societal disparities contribute to the increase in chronic disease prevalence. Digital surgery technologies boost the accuracy, safety, and efficiency of surgical procedures, which are often required to manage intricate chronic illnesses. For example, the National Library of Medicine, a US medical library, projected in January 2023 that the prevalence of chronic diseases will nearly double from 46.62 million in 2020 to 93.03 million by 2050, translating to an expected increase of approximately 99.55%. Consequently, the escalating occurrence of chronic diseases is stimulating the digital surgery technologies market's expansion.
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What Trends Will Shape the Digital Surgery Technologies Market Through 2029 and Beyond?
Leading corporations within the realm of digital surgical technology are innovating with state-of-the-art robotic solutions like robotic-assisted technologies to establish a competitive advantage in the marketplace. Robotic-assisted solutions imply the employment of robot-aided systems or apparatus meant to augment the accuracy, finesse, and management of surgical procedures. This, in turn, enhances patient results and lessens the hazards connected to conventional surgical techniques. For example, in October 2023, DePuy Synthes, a medical device enterprise in the US, introduced its VELYS Robotic-Assisted Solution to the European market. This solution, a cutting-edge development for total knee replacement operations, combines high-tech robotics with the ATTUNE Knee System, a thorough orthopedic implant system specifically for total knee replacements, to perform more precise, customized procedures. This novel solution provides invaluable understanding, adaptable implementation, and confirmed results for increased efficiency and optimal patient results. The table-mounted and imageless solution fits smoothly into any surgical workflow, providing an intuitive user interface, efficient clinical application, adjustable workflow, and swift registration process catering to improved procedural efficiency.
What Are the Main Segments in the Digital Surgery Technologies Market?
The digital surgery technologies market covered in this report is segmented -
1) By Component: Hardware, Software, Service
2) By Product Type: Surgical Navigation And Advanced Visualization, Surgical Simulation, Surgical Planning, Surgical Data Science
3) By Technology: Artificial Intelligence And Bigdata, Internet Of Things And Robotics, Extended Reality, Other Technologies
4) By Organization Size: Small And Medium Enterprises, Large Enterprises
5) By End User: Insurance Companies, Medical Device Vendors, Hospitals and Ambulatory Surgical Centers, Education and Research Institutes, Other End Users
Subsegments:
1) By Hardware: Robotic Surgical Systems, Surgical Instruments And Tools, Imaging Systems, Navigation Systems
2) By Software: Surgical Planning And Simulation Software, Surgical Navigation Software, Robotics Control Software, Data Analytics And Management Software
3) By Service: Installation And Integration Services, Training And Support Services, Maintenance And Repair Services
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Which Top Companies are Driving Growth in the Digital Surgery Technologies Market?
Major companies operating in the digital surgery technologies market report are Johnson & Johnson (Ethicon); Medtronic plc; Siemens Healthineers AG; FUJIFILM Holdings Corporation; Philips Healthcare; Stryker Corporation; B. Braun Melsungen AG; Zimmer Biomet Holdings Inc.; Olympus Corporation; Intuitive Surgical Inc.; Smith & Nephew plc; Integra LifeSciences Holdings Corporation; CONMED Corporation; Brainlab AG; Novadaq Technologies Inc.; Osso VR Inc.; Augmedics Ltd.; VirtaMed; Verb Surgical Inc.; Caresyntax Inc.; Centerline Biomedical; FundamentalVR; Mimic Technologies Inc.; PrecisionOS; EchoPixel Inc.
Which Regions Will Dominate the Digital Surgery Technologies Market Through 2029?
North America was the largest region in the digital surgery technologies market in 2024. It is expected to be the fastest-growing region in the forecast period. The regions covered in the digital surgery technologies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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