Remote Surgery Market Size, Share & Analysis Forecast | 2031
Remote Surgery Market Size, Share & Analysis Forecast | 2031
Segments - Remote Surgery Market by Application (Urology Surgery, Gynecology, Cardiac Surgery, Neurosurgery, and Others), Component (Accessories and Systems), End-user (Clinics and Hospitals), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :HC-5097
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| 198 Pages
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Report Description
The global remote surgery market size was USD 5.3 Bn in 2022 and is expected to reach USD 21.3 Bn by 2031, expanding at a CAGR of 5.9% during 2023–2031. Technological advancements in remote surgery and convenience in complex surgeries with the help of surgical robots is fueling the market.
Remote surgery or telesurgery provides various advantages as compared to normal surgeries. Remote surgery is a completely advanced and automated system used to perform medical surgeries. Performing remote surgeries has several advantages, as it consumes less time and causes minimum pain. Remote surgeries allow doctors to execute surgeries in places that are hard to reach with small incisions. These surgeries include a special camera to help surgeons during the operation and surgical arms.
The spread of the COVID-19 outbreak increased the demand for remote surgery. According to a report from WHO published on April 12, 2021, 135 Mn cases of COVID-19 had been registered globally and nearly 2.9 Mn succumbed to the outbreak. Additionally, around 5 Mn doses of vaccine were made. The outbreak has had a huge impact on the health industry and disinfecting robotic solutions were introduced to counter the spread of infection.
Remote Surgery Market Dynamics
Major Drivers
Increasing need for remote surgery or telesurgery, owing to less pain caused after the surgeries and quick recovery time. Studies state that the minimum recovery time period for a patient experiencing telesurgery or remote surgery is six weeks, that required for traditional surgeries is 12 weeks. Additionally, remote surgery assures accuracy, performance, and control thereby driving the market. The automated system of remote surgery ensures a huge success ratio. According to NCBI, remote surgery results in amazing success rates, around 94%. This results in more adoption of remote surgeries.
Existing Restraints
Remote surgeries or telesurgery cost more than traditional surgeries. Moreover, lack of skilled professionals is expected to hamper the market. Remote surgeries are only available in specific surgical centers that can afford the necessary pieces of equipment and trained doctors. In rare cases, robotic defects are expected to restrain the market.
Emerging Opportunities
Rising number of ambulatory surgery centers is creating opportunities for the market players. Ambulatory surgery centers (ASCs) are independent medical facilities specializing in diagnostic, preventive, and surgical procedures, they do not require hospitalization. Ambulatory healthcare services are cost-effective, they provide low-cost facilities compared to hospital departments. Research from the healthcare bluebook states that ASCs reduced patient surgery costs by USD 38 Bn yearly as they provided a low-cost alternative as compared to outpatient hospital departments.
Scope of Remote Surgery Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Remote Surgery Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Application (Urology Surgery, Gynaecology, Cardiac Surgery, Neurosurgery, and Others), Component (Accessories and Systems), and End-user (Clinics and Hospitals) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Stryker; Zimmer Biomet.; Medtronic; Intuitive Surgical.; Asensus Surgical US, Inc.; Titan Medical USA Inc.; CMR Surgical Ltd.; MicroSure; Auris Health, Inc. |
Remote Surgery Market Segment Insights
Based on application, the remote surgery market is divided into urology surgery, gynaecology, cardiac surgery, neurosurgery, and others. The neurosurgery segment is expected to expand at a significant growth rate during the projection period. In neurosurgery, robotic arms get combined to get a clear picture of a child’s brain this surgical tool is called ROSA, which stands for robotic operating surgical assistant. It helps in treating patients with epilepsy and other brain-related problems with security and safety.
On the basis of component, the global market is segregated into accessories and systems. The accessories segment is projected to register a considerable CAGR during the forecast period, due to the demand for reusable and disposable accessories at the time of surgery. The equipment used for remote surgery includes mechanical arms, and a 3D camera to see the operating part at the time of surgery. Remote surgery often helps to make minimally invasive surgery possible with fewer surgical complications and others.
On the basis of end-user, the remote surgery market is segmented into clinics and hospitals. Hospitals are expected to register a robust growth rate during the forecast period. Hospitals are having advanced surgical robots to develop the quality of patient outcomes. According to a report from NCBI, 23 of 73 hospitals have operated robot-assisted surgery, which is expected to propel the market growth. Thereby, rising number of remote surgical centers is propelling market growth.
In terms of region, the global remote surgery market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to dominate the market during the projection period. The healthcare facilities in the US are rapidly transforming with next-generation solutions. Surgeries in the region now have the support of the growing adoption of automated surgery tools.
Segments
The remote surgery market has been segmented on the basis of
Application
- Urology Surgery
- Gynaecology
- Cardiac Surgery
- Neurosurgery
- Others
Component
- Accessories
- Systems
End-user
- Clinics
- Hospitals
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the global remote surgery market are Stryker; Zimmer Biomet.; Medtronic; Intuitive Surgical.; Asensus Surgical US, Inc.; Titan Medical USA Inc.; CMR Surgical Ltd.; MicroSure; Auris Health, Inc.
These key players adopted development strategies including acquisitions, mergers, product launches, partnerships, collaboration, and production expansion to expand their consumer base worldwide. For instance,
- In May 2022, Sterigenics increased its e-beam facility situated in Columbia City, Indiana. This facility brings mission-critical E-beam sterilization services to help assure the security and safety of drug products and medical devices.
- In March 2022, Indegene a supplier of technology-driven healthcare solutions and metaMe Health, a producer of prescription Digital Therapeutics (PDT) business, and Regulora, combined together to present Regulora as a medicine for irritable bowel syndrome (IBS) related stomach pain.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Remote Surgery Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Remote Surgery Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Remote Surgery Market - Supply Chain
4.5. Global Remote Surgery Market Forecast
4.5.1. Remote Surgery Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Remote Surgery Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Remote Surgery Market Absolute $ Opportunity
5. Global Remote Surgery Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Remote Surgery Market Size and Volume Forecast by Applications
5.3.1. Urology Surgery
5.3.2. Gynaecology
5.3.3. Cardiac Surgery
5.3.4. Neurosurgery
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Remote Surgery Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Remote Surgery Market Size and Volume Forecast by End Users
6.3.1. Clinics
6.3.2. Hospitals
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Remote Surgery Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Remote Surgery Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Remote Surgery Demand Share Forecast, 2019-2026
8. North America Remote Surgery Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Remote Surgery Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Remote Surgery Market Size and Volume Forecast by Applications
8.4.1. Urology Surgery
8.4.2. Gynaecology
8.4.3. Cardiac Surgery
8.4.4. Neurosurgery
8.4.5. Others
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. North America Remote Surgery Market Size and Volume Forecast by End Users
8.7.1. Clinics
8.7.2. Hospitals
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Remote Surgery Demand Share Forecast, 2019-2026
9. Latin America Remote Surgery Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Remote Surgery Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Remote Surgery Market Size and Volume Forecast by Applications
9.4.1. Urology Surgery
9.4.2. Gynaecology
9.4.3. Cardiac Surgery
9.4.4. Neurosurgery
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Latin America Remote Surgery Market Size and Volume Forecast by End Users
9.7.1. Clinics
9.7.2. Hospitals
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Remote Surgery Demand Share Forecast, 2019-2026
10. Europe Remote Surgery Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Remote Surgery Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Remote Surgery Market Size and Volume Forecast by Applications
10.4.1. Urology Surgery
10.4.2. Gynaecology
10.4.3. Cardiac Surgery
10.4.4. Neurosurgery
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Europe Remote Surgery Market Size and Volume Forecast by End Users
10.7.1. Clinics
10.7.2. Hospitals
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Remote Surgery Demand Share Forecast, 2019-2026
11. Asia Pacific Remote Surgery Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Remote Surgery Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Remote Surgery Market Size and Volume Forecast by Applications
11.4.1. Urology Surgery
11.4.2. Gynaecology
11.4.3. Cardiac Surgery
11.4.4. Neurosurgery
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Asia Pacific Remote Surgery Market Size and Volume Forecast by End Users
11.7.1. Clinics
11.7.2. Hospitals
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Remote Surgery Demand Share Forecast, 2019-2026
12. Middle East & Africa Remote Surgery Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Remote Surgery Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Remote Surgery Market Size and Volume Forecast by Applications
12.4.1. Urology Surgery
12.4.2. Gynaecology
12.4.3. Cardiac Surgery
12.4.4. Neurosurgery
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Applications
12.6. Y-o-Y Growth Projections by Applications
12.7. Middle East & Africa Remote Surgery Market Size and Volume Forecast by End Users
12.7.1. Clinics
12.7.2. Hospitals
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Remote Surgery Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Remote Surgery Market: Market Share Analysis
13.2. Remote Surgery Distributors and Customers
13.3. Remote Surgery Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Stryker
13.4.2. Zimmer Biomet.
13.4.3. Medtronic
13.4.4. Intuitive Surgical.
13.4.5. Asensus Surgical US, Inc.
13.4.6. Titan Medical USA Inc.
13.4.7. CMR Surgical Ltd.
13.4.8. MicroSure
13.4.9. Auris Health, Inc.
Methodology
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