Remote Surgery Market

Remote Surgery Market

  • HC-5097
  • 4.2 Rating
  • 198 Pages
  • Upcoming
  • 80 Reviews
  • PDF Excel PPT
raksha

Author :

Raksha Sharma

Vineet

Fact-checked by :

Vineet Pandey

Vishal

Editor :

Vishal Golekar

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.

Remote Surgery Market Key Players

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

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.

Attributes

Details

Report Title

Remote Surgery Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Application (Urology Surgery, Gynaecology, Cardiac Surgery, Neurosurgery, and Others), Component (Accessories and Systems), and End-user (Clinics and Hospitals)

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

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.

Remote Surgery Market Application

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.     

Remote Surgery Market End User

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

  • Stryker
  • Zimmer Biomet.
  • Medtronic
  • Intuitive Surgical.
  • Asensus Surgical US, Inc.
  • Titan Medical USA Inc.
  • CMR Surgical Ltd.
  • MicroSure
  • Auris Health, Inc.

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.

Remote Surgery Market Key Players

1. Executive Summary
2. 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.

Purchase Premium Report