Digital Surgery Technologies Market worth USD 5,110.5 million by 2030

The Market Statsville Group (MSG) publishes the new report on the "Digital Surgery Technologies Market by Technology (Augmented Reality (AR)/ Virtual Reality (VR), AI Algorithms, Mixed Reality (MR), and Other Technologies), by Product Type (Surgical Simulation, Surgical Data Science, Navigation and Visualization, and Surgical Planning), by Region – Global Share and Forecast to 2030". The global digital surgery technologies market is projected to grow at a CAGR of 32.1% from 2022 to 2030, from USD 399.8 million in 2021 to USD 5,110.5 million by 2030. Digitizing works on quantifiable information, transferable data, repeatable methods, and predictable outcomes into clinical practices, while subjective experiences of surgeons chiefly characterize conventional healthcare. Modern surgical care is facilitated with improved surgical outcomes, reducing risks by integrating modern technologies with clinical experiences. For instance, ActivEdge, an intelligence software, and foundational technology from Activ Surgical driven by machine learning, supports surgeons with critical, real-time guidance to achieve the best possible outcomes by providing intra-operative visual data and images previously invisible to surgeons.

Global Digital Surgery Technologies Market Segmentation

The digital surgery technologies market has been segmented into technology, product type, and region.

• By Technology (Augmented Reality (AR)/ Virtual Reality (VR), AI Algorithms, Mixed Reality (MR), and Other Technologies)
• By Product Type (Surgical Simulation, Surgical Data Science, Navigation and Visualization, and Surgical Planning)
• By Region (US, Canada, Mexico, UK, Germany, France, Italy, Spain, China, Japan, India, South Korea, Southeast Asia, Australia, Saudi Arabia, UAE, South Africa, Qatar, Nigeria, Israel, Brazil, Argentina, Peru)

Surgical navigation and advanced visualization, by product type, is estimated to hold the largest market share during the forecast period

Based on product type, the global digital surgery technologies market is segmented as surgical simulation, surgical data science, navigation and visualization, and surgical planning. The market is largely dominated by surgical navigation and advanced visualization products, with a 44.4% market share. Despite the tremendous advances in surgical techniques during the past decade, equipment and procedures in the current OR are inefficiently used. Reasons include the lack of compatible and interchangeable equipment and limited communications among surgeons and others on the team, especially during surgical procedures. The operating room usually accounts for more than 40% of a hospital's total expenses.

As a result, planners explore ways to improve OR efficiency by reducing unnecessary costs. Such next-generation technologies are altering surgical paradigms. The OR is getting smarter, more effective, and a lot less risky for patients. Hospitals and companies invest in procuring and developing new devices, designs, and digital technologies, thereby promising a shift toward innovation and digitization in surgery.

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North America accounts for the largest market share in the digital surgery technologies market in 2021

Based on the regions, the global digital surgery technologies market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2021, North America accounted for the highest market share of 64.8% in the global digital surgery technologies market and was anticipated to maintain its dominance throughout the forecast period. The rising number of hospitals, ambulatory surgical centers, and specialty clinics, coupled with the rising healthcare expenditures and a higher rate of digitization and AI adoption rate in the region, are the major driving factors promoting the demand for digital surgery technologies in the North America region.

The U.S holds the most significant and the largest market share for the digital surgery technologies market in North America. The U.S. spends a considerable amount of its GDP on healthcare, i.e., 17.1%. This can be due to factors such as significant budget with hospitals, rise in minimally invasive surgeries, government promoting AI, AR/VR, and similar digital technologies, with the country's AI readiness index being the highest in the world at 85.5.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the digital surgery technologies market. It also consists of the profiles of leading companies such as Osso VR, Brainlab AG, Medtronic Plc, Caresyntax, Inc., Augmedics Ltd., 3Dintegrated ApS, DASH Analytics, Fundamental VR, EchpPixel, Inc., Surgical Science Sweden AB, VirtaMed AG, Mimic Technologies, Novadaq Technologies, Inc., and Centerline Biomedical. These market players have focused on acquisitions and expansion to gain a larger market share in the digital surgery technologies market.

Browse complete report: https://www.marketstatsville.com/digital-surgery-technologies-market

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