Medical Devices for Remote Surgeries Market Outlook 2032
The global medical devices for remote surgeries market size was USD XX Billion in 2023 and is projected to reach USD XX Billion by 2032, expanding at a CAGR of XX% during 2024–2032. The market growth is attributed to the increasing adoption of advanced technologies and innovations in the field of remote surgical devices.
Increasing adoption of robotic-assisted surgical systems offering surgeons enhanced precision and control during procedures is boosting the market. These systems are being utilized across a wide range of surgical specialties, including orthopedics, neurosurgery, and urology, to perform complex procedures with greater accuracy and efficiency. Moreover, the high prevalence of chronic diseases and aging populations is further propelling the demand for advanced medical devices for remote surgeries to address these health challenges.
-
According to a report released by the American Hospital Association, by 2030, the number of individuals in the US afflicted with chronic disorders is estimated to reach 170 million.
Impact of Artificial Intelligence (AI) in Medical Devices for Remote Surgeries Market
The use of artificial intelligence is likely to boost the medical devices for remote surgeries market. AI-powered systems analyze vast amounts of patient data, including medical images, diagnostic tests, and electronic health records, to assist surgeons in making informed decisions during surgeries. Additionally, AI-driven predictive analytics help optimize surgical workflows, reduce surgical errors, and enhance patient outcomes.
Medical Devices for Remote Surgeries Market Dynamics
Major Drivers
Increasing demand for minimally invasive surgical procedures is anticipated to drive the market. Remote surgical devices enable surgeons to perform intricate procedures with enhanced precision and control, minimizing tissue damage, and reducing the risk of complications. Moreover, the healthcare industry is focusing on improving patient outcomes and enhancing the overall quality of care by adopting advanced medical-surgical technologies to further boost the market.
-
According to the report published by the National Library of Medicine on January 1, 2023, around 10% of inpatient surgeries and nearly 20% of outpatient surgeries were classified as minimally invasive surgeries (MIS) in 2017 and 2018. Additionally, approximately 3% of operations utilized robotic assistance in the US during the same period.
Existing Restraints
High initial investment costs are expected to hinder the market during the forecast period. The acquisition and installation of advanced robotic surgical systems with the necessary infrastructure and training programs are expenses for healthcare facilities with limited financial resources. Moreover, the lack of trained healthcare professionals proficient in remote surgery techniques is further hampering the market.
Emerging Opportunities
Growing technological advancements in robotic-assisted surgical systems are expected to create immense opportunities for the players competing in the market. Manufacturers are focusing on technological advancements to further enhance the capabilities of robotic systems by enabling autonomous decision-making and adaptive surgical planning. Moreover, the COVID-19 pandemic accelerated the adoption of remote surgical technologies as healthcare providers seek to minimize in-person interactions and reduce the risk of viral transmission.
Scope of the Medical Devices for Remote Surgeries Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics are included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Medical Devices for Remote Surgeries Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2023
|
|
Historic Data
|
2017 -2022
|
|
Forecast Period
|
2024–2032
|
|
Segmentation
|
Surgery Type (Cardiac Surgery, Orthopedic Surgery, Neurosurgery, and Others), Technology (Robotic-assisted Surgery System, Telepresence System, Virtual Reality System, and Others), and End-user (Ambulatory Surgical Centers, Hospitals, Specialty Clinics, and Others)
|
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Brainlab AG; Globus Medical; Intuitive Surgical; Medtronic; Smith & Nephew plc; Stryker; and Virtual Incision
|
Medical Devices for Remote Surgeries Market Segment Insights
Surgery Type Segment Analysis
Based on surgery type, the medical devices for remote surgeries market is divided into cardiac surgery, orthopedic surgery, neurosurgery, and others. The orthopedic surgery segment held a major share of the market in 2023, due to the increasing prevalence of orthopedic disorders, including musculoskeletal conditions. Additionally, the availability of dedicated orthopedic robotic systems from key market players, such as Stryker Corporation and Smith & Nephew plc further propels t orthopedic surgery segment.
The neurosurgery segment is expected to expand at a significant pace in the coming years, owing to the expanding applications of remote neurosurgical procedures. Neurological conditions, such as brain tumors, Parkinson's disease, and epilepsy require intricate surgical interventions boosting the demand for advanced neurosurgical technologies, including remote surgery technology.
Technology Segment Analysis
On the basis of technology, the global market is segregated into robtic-assisted surgery system, telepresence system, virtual reality systesm, and others. The robotic-assisted surgery segment is anticipated to expand at a substantial CAGR during the forecast period, due to the growing demand for minimally invasive surgical techniques accelerating the adoption of robotic-assisted surgery systems among healthcare providers globally. Moreover, these systems offer surgeons enhanced precision, dexterity, and visualization during surgical procedures leading to shorter hospital stays and reduced post-operative pain. These factors are expected to boost the segment during the forecast period.
End-user Segment Analysis
Based on end-user, the medical devices for remote surgeries market is segmented into ambulatory surgical centers, hospitals, specialty clinics, and others. The hospitals segment led the market in terms of revenue in 2023, due to the high patient volumes and presence of advanced infrastructure conducive to remote surgical procedures. Additionally, the availability of skilled healthcare professionals, including surgeons, anesthesiologists, and surgical support staff, within hospital settings facilitates the adoption and utilization of medical devices for remote surgeries.
The ambulatory surgical centers segment is projected to register a robust growth during the assessment years, owing to the increasing trend toward outpatient surgical procedures. Moreover, the flexibility and scalability of remote surgical systems make them well-suited for deployment in ASCs, allowing for optimized resource utilization and enhanced patient satisfaction.
Regional Outlook
In terms of region, the global medical devices for remote surgeries market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a major market share in 2023, due to the high adoption rates of robotic surgical systems and a supportive regulatory environment. Moreover, favorable reimbursement policies and robust investments in healthcare innovation contribute to the widespread adoption of remote surgical devices among healthcare providers in this region.
The market in Asia Pacific is projected to grow at a significant pace in the years to come, owing to the rapid economic development and increasing healthcare expenditure. Moreover, government initiatives aimed at improving healthcare access and affordability by adopting digital health technologies are expected to propel remote surgical devices.
Segments
The medical devices for remote surgeries market has been segmented on the basis of
Surgery Type
- Cardiac Surgery
- Orthopedic Surgery
- Neurosurgery
- Others
Technology
- Robotic-assisted Surgery System
- Telepresence System
- Virtual Reality System
- Others
End-user
- Ambulatory Surgical Centers
- Hospitals
- Specialty Clinics
- Others
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global medical devices for remote surgeries market are Brainlab AG; Globus Medical; Intuitive Surgical; Medtronic; Smith & Nephew plc; Stryker; and Virtual Incision.
These companies use development strategies including mergers, acquisitions, partnerships, collaboration, and product launches to expand their consumer base worldwide. For instance,
-
On February 22, 2024, Virtual Incision, a leading global manufacturer of robotic surgical devices, declared that the U.S. Food and Drug Administration (FDA) granted marketing authorization to the MIRA Surgical System (MIRA). This new technology marks the first global miniaturized robotic-assisted surgery system designed specifically for ongoing colectomy procedures. Furthermore, the FDA's authorization is partly informed by data from the company's US Investigational Device Exemption (IDE) clinical study.
Request For Customization
Enquiry Before Buying
Speak With Analyst
