Global Remote Surgery Market, By Component (Systems, Accessories), Application (Gynaecology, Thoracic Surgery, Cardiac Surgery, Urology Surgery, Neurosurgery, Orthopaedic Surgery, General Surgery, Others), End Users (Hospitals, Clinics) – Industry Trends and Forecast to 2029
Market Analysis and Size
In recent years, with the introduction of remote surgery, surgeons can plan the surgical procedure ahead of time and perform a more accurate procedure. The technology can tailor procedures to each patient's unique anatomy. The physician must perform the actual surgery, but the remote surgery system guides the surgeon's tools according to a predetermined method to place the implants safely and accurately in the exact pre-planned locations. These movements are replicated by robots, allowing the surgeon to have direct control over the surgery while remaining remote.
- Data Bridge Market Research analyses that the remote surgery market is expected to grow at a CAGR of 11.9% during the forecast period.
Market Definition
Remote surgery, also known as tele surgery, involves robots performing a surgical procedure on a patient at a remote location. Small handles attached to master input devices designed specifically for remote handling are used by the surgeon to control the movements. This technology has the potential to make advanced surgical procedures more accessible to people who live in remote areas far from large medical facilities. Remote surgery has several advantages over traditional minimally invasive surgeries, including 3D vision and an ergonomic system with motion capabilities..
Remote Surgery Market Dynamics
Drivers
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The growing preference of minimal invasive surgeries
The growing preference for minimally invasive surgery (MIS), which is preferred for remote procedures, is driving the global remote surgery market. This is due to the fact that minimally invasive procedures, as opposed to traditional surgeries, are less painful due to less bleeding and fewer cuts. MIS can be carried out with the assistance of robots from remote locations. This factor is propelling the global remote surgery market forward.
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The rise in the adoption of robotic health technology
Surging investment in the development of new and advanced technology, increasing adoption of robotic technology, rising awareness of the benefits associated with minimally invasive surgery, an increase in the number of surgical procedures, and hospitals' expanding purchasing power are some of the factors that will drive the growth of the remote surgery market during the forecast period. Increased applications from emerging economies, on the other hand, will create new and ample opportunities for the growth of the spine surgery robots market during the forecast period.
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The advantages of Robotic-Assisted Surgery
Globally, the demand for minimally invasive surgeries (MIS) is increasing, owing to the benefits associated with these procedures, which include smaller incisions, fewer cuts, less scarring, less pain, increased safety, shorter recovery periods, and significant cost savings. Robotic minimally invasive surgery enhances these benefits by providing greater accuracy, repeatability, control, and efficiency.
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Government investments
The increase in the funding by the federal government to drive the adoption of these solutions further influence the market.
Additionally, the surge in healthcare expenditure, advancements in healthcare infrastructure, and high demand for expanded care delivery positively affect the remote surgery market.
Opportunities
Ambulatory surgery centres (ASCs) are self-contained medical facilities that specialise in surgical, diagnostic, and preventive procedures that do not necessitate hospitalisation. The cost-effectiveness of ASCs saves governments, third-party payers, and patients money because these facilities provide a lower-cost site of care than hospital outpatient departments.
Restraints/Challenges
On the other hand, the rising cost of medical robots, as well as the scarcity of skilled and trained professionals, will act as a market restraint for the growth of the remote surgery market during the forecast period.
This remote surgery market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the remote surgery market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Remote Surgery Market
COVID-19 overhauled the growth rate of the remote surgery market. The major reason behind the same is that a huge chunk of healthcare resources were driven towards meeting the demand and supply of discrepancies brought in by the COVID-19. Halt was put on the elective surgical procedures and non-essential healthcare processes will further derailed the market growth rate. Temporary ban on elective surgeries in certain geographies posed an overall negative impact on the remote surgery market.
Recent Development
- Stryker acquired OrthoSensor and its Verasense intraoperative sensor technology in 2021 to enhance the ortho giant's Mako robots.
- TransEnterix received CE Mark approval in 2021 for its Intelligent Surgical Unit, which adds AI-based capabilities and enables machine vision capabilities on TransEnterix's Senhance robotic surgery system.
- In February 2021, Medtronic acquired Digital Surgery, a privately-held surgical AI company specialising in digital education, data analytics, and training. With the addition of a new robot named Hugo, Medtronic hopes to strengthen its robot-assisted surgical platform and broaden its robotic system portfolio through the acquisition.
Global Remote Surgery Market Scope
The remote surgery market is segmented on the basis of component, application and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- System
- Accessories
On the basis of type, the remote surgery market is segmented into system and accessories.
Application
- Gynaecology Surgery
- Urology Surgery
- Thoracic surgery
- Cardiac surgery
- Neurosurgery
- Orthopaedic Surgery
- General Surgery
- Others
On the basis of application, the remote surgery market is segmented into gynaecology surgery, thoracic surgery, cardiac surgery, urology surgery, neurosurgery, orthopaedic surgery, general surgery, and others.
End Users
- Hospitals
- Clinics
On the basis of end users, the remote surgery market is segmented into hospitals and clinics.
Remote Surgery Market Regional Analysis/Insights
The remote surgery market is analysed and market size insights and trends are provided by country component, application and end users as referenced above.
The countries covered in the remote surgery market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the remote surgery market due to increased patient acceptance of remote surgeries, advanced health care infrastructure, and increased R&D investments. The rising prevalence of chronic diseases, particularly orthopaedic and neurological disorders treated with advanced MIS surgery, is propelling market growth in North America.
Asia Pacific is expected to grow at a significant growth rate over the forecast period of 2022 to 2029 due to the rapid development of robotic surgical systems and increased demand for surgical robots in countries such as China and India.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The remote surgery market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for remote surgery market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the remote surgery market. The data is available for historic period 2010-2020.
Competitive Landscape and Remote Surgery Market Share Analysis
The remote surgery market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to remote surgery market.
Some of the major players operating in the remote surgery market are Intuitive Surgical., Stryker, Medtronic, Accuray Incorporated, Auris Health, Inc., Blue Belt Technologies, Inc., SRI INTERNATIONAL, THINK Surgical®, Inc., NuVasive, Inc., Smith+Nephew, Johnson & Johnson Private Limited, Brainlab AG, and Think Surgical Inc., among others.
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