Digital Surgery Technologies Market - Industry Analysis, Trends & Forecast 2030

Market Research Report

A quick peek into the report

1.1   Inclusion and Exclusion Criteria
1.1.1   Inclusions
1.1.2   Exclusions

2.1 Scope of Work
2.2 Key Questions Answered in the Report

3.1   Primary Research
3.2   Secondary Research
3.3   Data Sources and Categorization
3.4   Criteria for Company Profiles
3.5   Market Estimation and Forecast Methodology
3.6   Data Triangulation
3.7   Assumptions and Limitations

4.1   Industry Ecosystem
4.2   Legal Requirements and Regulations
4.2.1   Regulatory Framework for Artificial Intelligence-Based FDA-Approved Medical Devices and Algorithms
4.2.1.1   Restraints in the Current Regulatory Process for AI/ML-Based Medical Device/Algorithm
4.2.2   Regulatory Framework in the U.S.
4.2.3   Regulatory Framework in Europe
4.2.3.1   Changes in Rule
4.2.3.2   New Rules in the Annexure VIII
4.2.3.3   Major Changes in the EU due to the Implementation of MDR:
4.2.3.3.1   Expanded device definitions requiring re-examination of the current classification of all devices
4.2.3.3.2   Quality management system
4.2.3.3.3   Technical file
4.2.3.3.4   Need to comply with new identification and traceability (UDI) requirements
4.2.3.3.5   More emphasis on post-market surveillance
4.2.3.3.6   Role of internal audits and requirement of audits to be strengthened
4.2.3.3.7   Dedicated Personnel for MDR compliance
4.2.4   Regulatory Framework in Japan
4.2.5   Regulatory Framework in China
4.2.6   Regulatory Framework in Other Countries
4.2.6.1   Regulatory Framework in India
4.2.6.2   Regulatory Framework in Latin America
4.2.6.3   Regulatory Framework in the Middle East and Africa
4.2.7   Consortiums, Associations, and Regulatory Bodies
4.3   Consumer Analysis
4.3.1   End-Result Analysis
4.4   Case Studies
4.4.1   Case Study: Surgical Simulation (Virtual Reality)
4.4.2   Case Study: Surgical Data Science
4.4.3   Case Study: Surgical Data Science
4.4.4   Case Study: Surgical Navigation, and Advanced Visualization Systems, Augmented Reality (AR)
4.4.5   Case Study: Surgical Navigation and Advanced Visualization Systems
4.5   Impact of COVID-19 on Digital Surgery Technologies Market
4.5.1   Changes in Surgical Facilities
4.5.2   COVID-19 Created an Elective Surgery Backlog
4.5.3   Telehealth as a Solution
4.5.4   Impact on Digital Surgery Technology-Based Product Manufacturers

5.1   Key Developments and Strategies
5.1.1   New Offerings
5.1.2   Partnerships, Alliances, and Business Expansions
5.1.3   Regulatory and Legal Developments
5.1.4   Funding Activities
5.1.5   Mergers and Acquisitions
5.1.6   Procurement and Sale Activities
5.2   Market Share Analysis
5.3 Growth Share Analysis
5.3.1   Growth Share Matrix (by Product)
5.3.2   Growth Share Matrix (by Technology)
5.3.3   Growth Share Matrix (by Region)

6.1   Assumptions and Limitations
6.2   Key Findings
6.3   Potential Opportunities – Digital Surgery Technologies Market
6.3.1   Promising Growth Opportunities for Remote Care and Telepresence
6.4   Global Digital Surgery Technologies Market Size and Forecast
6.5   Market Drivers
6.5.1   Enhanced Accuracy and Promising Recovery from Pre-Operative Surgical Planning
6.5.2   Results Based on Quantifiable Data
6.5.3   Increasing Interest of Technologists and Start-Ups
6.6   Market Restraints
6.6.1   Minimal Healthcare Budget Allocation for Digital Surgery Technologies
6.6.2   Requirement of Additional Surgical Training
6.6.3   Backlog in Elective Surgery Posing as a Major Challenge
6.6.3.1   Requirement of Transparent Regulatory Guidelines and Reimbursement Policies for AI/ML-Based Medical Device/Algorithm
6.7   Market Trends
6.7.1   Neutral Vendor Platforms
6.7.2   Experimental Phase with Mixed Technologies (Both on Software and Hardware)
6.7.3 Virtual Access and Enhanced Patient Outcomes through Cloud Technology Likely to be the Future Trend

7.1   AI Algorithms
7.2   Augmented Reality and Virtual Reality
7.2.1   Virtual Reality
7.2.2   Augmented Reality
7.3   Mixed Reality
7.4   Other Technologies

8.1   Surgical Simulation Systems
8.2   Surgical Data Science
8.3   Surgical Navigation and Advanced Visualization
8.4   Surgical Planning

9.1   North America
9.1.1   U.S.
9.1.2   Canada
9.2   Europe
9.2.1   Germany
9.2.2   France
9.2.3   Italy
9.2.4   U.K.
9.2.5   Spain
9.2.6   Rest-of-Europe
9.3   Asia-Pacific
9.3.1   China
9.3.2   Japan
9.3.3   South Korea
9.3.4   Australia
9.3.5   India
9.3.6   Rest-of-Asia-Pacific
9.4   Rest-of-the-World

10.1   Overview
10.2   Osso VR Inc.
10.2.1   Company Overview
10.2.2   Role of Osso VR Inc. in the Global Digital Surgery Technologies Market
10.2.3   Osso VR Inc.: SWOT Analysis
10.3   Augmedics Ltd.
10.3.1   Company Overview
10.3.2   Role of Augmedics Ltd. in the Global Digital Surgery Technologies Market
10.3.3   Augmedics Ltd.: SWOT Analysis
10.4   Brainlab AG
10.4.1   Company Overview
10.4.2   Role of Brainlab AG in the Global Digital Surgery Technologies Market
10.4.3   Brainlab AG: SWOT Analysis
10.5   Medtronic plc
10.5.1   Company Overview
10.5.2   Role of Medtronic plc. in the Global Digital Surgery Technologies Market
10.5.3   Financials
10.5.4   Key Insights About the Financial Health of the Company
10.5.5   Medtronic plc.: SWOT Analysis
10.6   Caresyntax Inc
10.6.1   Company Overview
10.6.2   Role of Caresyntax Inc. in the Global Digital Surgery Technologies Market
10.6.3   Caresyntax Inc.: SWOT Analysis
10.7   3Dintegrated ApS
10.7.1   Company Overview
10.7.2   Role of 3Dintegrated ApS in the Global Digital Surgery Technologies Market
10.7.3   3Dintegrated ApS: SWOT Analysis
10.8   DASH Analytics
10.8.1   Company Overview
10.8.2   Role of DASH Analytics in the Global Digital Surgery Technologies Market
10.8.3   DASH Analytics: SWOT Analysis
10.9   Novadaq Technologies Inc.
10.9.1   Company Overview
10.9.2   Role of Novadaq Technologies Inc in the Global Digital Surgery Technologies Market
10.9.3   Novadaq Technologies Inc.: SWOT Analysis
10.10 FundamentalVR
10.10.1   Company Overview
10.10.2   Role of FundamentalVR in the Global Digital Surgery Technologies Market
10.10.3   FundamentalVR: SWOT Analysis
10.11   EchoPixel Inc.
10.11.1   Company Overview
10.11.2   Role of EchoPixel, Inc. in the Global Digital Surgery Technologies Market
10.11.3   EchoPixel, Inc.: SWOT Analysis
10.12   Surgical Science Sweden AB
10.12.1   Company Overview
10.12.2   Role of Surgical Science Sweden AB in the Global Digital Surgery Technologies Market
10.12.3   Surgical Science Sweden AB: SWOT Analysis
10.13   VirtaMed AG
10.13.1   Company overview
10.13.2   Role of VirtaMed AG in the Global Digital Surgery Technologies Market
10.13.3   VirtaMed AG: SWOT Analysis
10.14   Mimic Technologies, Inc.
10.14.1   Company Overview
10.14.2   Role of Mimic Technologies, Inc. in the Global Digital Surgery Technologies Market
10.14.3   Mimic Technologies, Inc.: SWOT Analysis
10.15   Centerline Biomedical
10.15.1   Company overview
10.15.2   Role of Centerline Biomedical in the Global Digital Surgery Technologies Market
10.15.3   Centerline BioMedical: SWOT Analysis

Table 1:   Impact of Market Drivers, 2020-2030
Table 2:   Impact of Market Restraints, 2020-2030
Table 4.1:   Database of the FDA-Approved, AI/ML-Based Medical Devices and Algorithms
Table 4.2:   List of Associations/Consortiums/Regulatory Bodies with Year of Establishment and Region
Table 4.3:   Adoption Parameters: North America
Table 4.4:   Adoption Parameters: Europe
Table 4.5:   Adoption Parameters: Asia-Pacific
Table 4.6:   Factors Driving Demand: North America
Table 4.7:   Factors Driving Demand: Europe
Table 4.8:   Factors Driving Demand: Asia-Pacific
Table 4.9:   Case Study: Surgical Simulation (Virtual Reality)
Table 4.10:   Case Study: Surgical Data Science
Table 4.11:   Case Study: Surgical Data Science
Table 4.12:   Case Study: Surgical Navigation, and Advanced Visualization Systems, Augmented Reality (AR)
Table 4.13:   Case Study: Surgical Navigation and Advanced Visualization Systems
Table 5.1:   List of Funding Received by Key Companies
Table 6.1:   Impact of Market Drivers, 2020-2030
Table 6.2:   Cost of Leading Surgical Simulation Systems:
Table 6.3:   Impact of Market Restraints, 2020-2030
Table 10.1:   Overview of the Companies Profiled

Figure 1:   Evolution of Surgery
Figure 2:   Global Digital Surgery Technologies Market Size and Forecast, 2019-2030
Figure 3:   Share of Key Developments and Strategies, December 2015-August 2020
Figure 4:   Global Digital Surgery Technologies Market (by Product Type), 2019 and 2030
Figure 5:   Global Digital Surgery Technologies Market (by Technology), 2019 and 2030
Figure 6:   Growth Analysis of Region-Specific Demand for Digital Surgery Technologies Market
Figure 2.1:   Global Digital Surgery Technologies Market Segmentation
Figure 3.1:   Research Methodology
Figure 3.2:   Primary Research Methodology
Figure 3.3:   Secondary Research
Figure 3.4:   Data Triangulation
Figure 3.5:   Assumptions and Limitations
Figure 4.1:   Regulatory Process for Medical Devices in the U.S.
Figure 4.2:   MDR Transitional Provisions
Figure 4.3:   MDR Timeline
Figure 4.4:   Consumer Analysis of Digital Surgery Technologies Market (by Country)
Figure 4.5:   Impact of COVID-19 on Digital Surgery Technologies Market
Figure 5.1:   Share of Key Developments and Strategies, December 2015–August 2020
Figure 5.2:   Share of New Offerings, December 2015–August 2020
Figure 5.3:   Share of Partnerships, Alliances, and Business Expansions, December 2015–August 2020
Figure 5.4:   Share of Regulatory and Legal Developments, December 2015–August 2020
Figure 5.5:   Share of Funding Activities, December 2015–August 2020
Figure 5.6:   Share of Mergers and Acquisitions, December 2015–August 2020
Figure 5.7:   Procurement and Sale Activities, December 2015–August 2020
Figure 5.8:   Market Share Analysis, 2019: Global Digital Surgery Technologies Market
Figure 5.9:   Growth Share Matrix for Global Digital Surgery Technologies Market (by Product), 2019-2030
Figure 5.10:   Growth Share Matrix for Global Digital Surgery Technologies Market (by Technology), 2019-2030
Figure 5.11:   Growth Share Matrix for Global Digital Surgery Technologies Market (by Region), 2019-2030
Figure 6.1:   Global Digital Surgery Technologies Market Size and Forecast, 2019-2030
Figure 7.1:   Revenue Contributions (Technology), 2019 and 2030
Figure 7.2:   AI Algorithms Market, 2019-2030
Figure 7.3:   Basic Principles of Augmented Reality
Figure 7.4:   Augmented Reality and Virtual Reality Technology Market, 2019-2030
Figure 7.5:   Mixed Reality Market, 2019-2030
Figure 7.6:   Other Technologies Market, 2019-2030
Figure 8.1:   Revenue Contributions (by Product), 2019 and 2030
Figure 8.2:   Global Digital Surgery Technologies Market (for Surgical Simulation), 2019-2030
Figure 8.3:   Global Digital Surgery Technologies Market, (for Surgical Data Science), 2019-2030
Figure 8.4:   Global Digital Surgery Technologies Market (for Surgical Navigation and Advanced Visualization Systems), 2019-2030
Figure 8.5:   Global Digital Surgery Technologies Market (for Surgical Planning Systems), 2019-2030
Figure 9.1:   Global Digital Surgery Technologies Market (by Region)
Figure 9.2:   Revenue Contributions Different Regions, 2019 and 2030
Figure 9.3:   North America Digital Surgery Technologies Market, 2019-2030
Figure 9.4:   Revenue Contributions of Different Countries in North America, 2019 and 2030
Figure 9.5:   North America Digital Surgery Technologies Market (by Product Type), 2019-2030
Figure 9.6:   North America Digital Surgery Technologies Market (by Technology Type), 2019-2030
Figure 9.7:   U.S. Digital Surgery Technologies Market, 2019-2030
Figure 9.8:   Canada Digital Surgery Technologies Market, 2019-2030
Figure 9.9:   Europe Digital Surgery Technologies Market, 2019-2030
Figure 9.10:   Revenue Contributions Different Countries in Europe, 2019 and 2030
Figure 9.11:   Europe Digital Surgery Technologies Market, (by Product Type), 2019-2030
Figure 9.12:   Europe Digital Surgery Technologies Market, (by Technology Type), 2019-2030
Figure 9.13:   Germany Digital Surgery Technologies Market, 2019-2030
Figure 9.14:   France Digital Surgery Technologies Market, 2019-2030
Figure 9.15:   Italy Digital Surgery Technologies Market, 2019-2030
Figure 9.16:   U.K. Digital Surgery Technologies Market, 2019-2030
Figure 9.17:   Spain Digital Surgery Technologies Market, 2019-2030
Figure 9.18:   Rest-of-Europe Digital Surgery Technologies Market, 2019-2030
Figure 9.19:   Asia-Pacific Digital Surgery Technologies Market, 2019-2030
Figure 9.20:   Revenue Contributions of Different Countries in Asia-Pacific, 2019 and 2030
Figure 9.21:   Asia-Pacific Digital Surgery Technologies Market, (by Product Type), 2019-2030
Figure 9.22:   Asia-Pacific Digital Surgery Technologies Market, (by Technology Type), 2019-2030
Figure 9.23:   China Digital Surgery Technologies Market, 2019-2030
Figure 9.24:   Japan Digital Surgery Technologies Market, 2019-2030
Figure 9.25:   South Korea Digital Surgery Technologies Market, 2019-2030
Figure 9.26:   Australia Digital Surgery Technologies Market, 2019-2030
Figure 9.27:   India Digital Surgery Technologies Market, 2019-2030
Figure 9.28:   Rest-of-Asia-Pacific Digital Surgery Technologies Market, 2019-2030
Figure 9.29:   Rest-of-the-World Digital Surgery Technologies Market, 2019-2030
Figure 10.1:   Shares of Key Company Profiles
Figure 10.2:   Osso VR Inc.: Product Offerings for the Digital Surgery Technologies Market
Figure 10.3:   Augmedics Ltd.: Product Offerings for the Digital Surgery Technologies Market
Figure 10.4:   Brainlab AG: Product Offerings for the Digital Surgery Technologies Market
Figure 10.5:   Medtronic plc.: Product Offerings for the Digital Surgery Technologies Market
Figure 10.6:   Medtronic plc.: Overall Financials, 2017-2019
Figure 10.7:   Medtronic plc. Net Revenue (by Business Segment), 2017-2019
Figure 10.8:   Medtronic plc.: Net Revenue (by Region), 2017-2019
Figure 10.9:   Medtronic plc.: R&D Expenditure, 2017-2019
Figure 10.10:   Caresyntax Inc.: Product Offerings for the Digital Surgery Technologies Market
Figure 10.11:   3Dintegrated ApS: Product Offerings for the Digital Surgery Technologies Market
Figure 10.12:   DASH Analytics: Product Offerings for the Digital Surgery Technologies Market
Figure 10.13:   Novadaq Technologies Inc.: Product Offerings for the Digital Surgery Technologies Market
Figure 10.14:   FundamentalVR: Product Offerings for the Digital Surgery Technologies Market
Figure 10.15:   EchoPixel, Inc.: Product Offerings for the Digital Surgery Technologies Market
Figure 10.16:   Surgical Science Sweden AB: Product Offerings for the Digital Surgery Technologies Market
Figure 10.17:   VirtaMed AG: Product Offerings for the Global Digital Surgery Technologies Market
Figure 10.18:   Mimic Technologies, Inc.: Product Offerings for the Global Robotics Surgical Simulation Systems Market
Figure 10.19:   Centerline Biomedical.: Product Offerings for the Global Digital Surgery Technologies Market

Report Description

Market Report Coverage - Digital Surgery Technologies
Base Year	2019	Market Size in 2019	$252.5 Million
Forecast Period	2020-2030	Value Projection and Estimation by 2030	$5,110.5 Million
CAGR During Forecast Period	32.1%	Number of Tables	20
Number of Pages	181	Number of Figures	88
Research Hours	190
Market Segmentation	• Product Type – Surgical Simulation, Surgical Navigation, Advanced Visualization Products, Surgical Data Science, and Surgical Planning • Technology Type- AI algorithms, Augmented Reality (AR)/ Virtual Reality (VR, Mixed Reality (MR), and Other Technologies
Regional Segmentation	• North America- U.S. and Canada • Europe- Germany, U.K, Italy, Spain, France, and Rest-of-Europe • Asia-Pacific- Japan, China, South Korea, Australia and New Zealand, India and Rest-of-Asia-Pacific • Rest-of-the-World
Growth Drivers	• Enhanced Accuracy, Promising Recovery from Pre-operative Surgical Planning • Results Based on Quantifiable Data • Increasing Interest of Technologist and Start-Ups
Market Challenges	• Minimal Healthcare Budget Allocation for Digital Surgery Technologies • Impact of the Backlog in Elective Surgery Posing as a Major Challenge • Requirement of Additional Surgical Training • Requirement of Transparent Regulatory Guidelines, and Reimbursement Policies for AI/ML based medical device/Algorithm
Market Opportunities	• Promising growth opportunities for remote care, and telepresence
Key Companies Profiled	Osso VR, Augmedics Ltd., Brainlab AG, Medtronic plc, Caresyntax, Inc., 3Dintegrated ApS, DASH Analytics, Novadaq Technologies, Inc., Fundamental VR, EchoPixel, Inc., Surgical Science Sweden AB., VirtaMed AG, Mimic Technologies, and Centerline Biomedical

Key Questions Answered in this Report:

•   What are the various products related to digital surgery technologies available in the market?
•   What is the current market size and future potential of these technologies?
•   What are the major market drivers, challenges, and opportunities in the global digital surgery technologies market?
•   How is COVID-19 pandemic pushing companies into developing advanced technologies utilized for digital surgeries?
•   What are the key technological developments on which the current industry leaders are spending a major share of their research and development (R&D) investments?
•   Who are the leading players holding dominating shares in the global digital surgery technologies market currently?
•   What are the key strategies incorporated by the players of the global digital surgery technologies market to sustain the competition and retain their supremacy?
•   How are various regulatory authorities acting toward strengthening and supporting various digital surgery technologies for various applications?
•   How is the trend of consumer behavior changing in adopting these digital technologies for surgeries?
•   What are the various digital surgery products and solutions currently under development or in the pipeline, and how is it going to affect the growth of the market during the forecast period?
•   How does the use of digital surgery technologies impact overall hospital expenditure?
•   What is the current revenue contribution of different application types, and how would it evolve in the forecast period?
•   What is the current revenue contribution of different product types, and how would it evolve in the forecast period?
•   What is the current revenue contribution of different technology types, and how would it evolve in the forecast period?
•   Which countries contribute to the major share of current demand and which countries hold significant scope for expansion for business activities, by players of the global digital surgery technologies market?

Market Overview

Overview on the Global Digital Surgery Technologies Market

The global digital surgery technologies market is currently witnessing a significant change in the market landscape. There is rising investment in development of healthcare infrastructure, increasing evidences for efficient and promising results in treatment and diagnosis assistance. Thus, this is leading to potential growth opportunities for the digital surgery technologies market. Moreover, there is an extensive entry of emerging players developing AI-powered medical devices for surgical purposes, and many of the global tech giants, such as Microsoft and Google, are entering into the healthcare space. All these predominant factors have led to a significant rise in sales of digital surgery technologies across the globe.

Global Digital Surgery Technologies Market Forecast

Source: Secondary Research, Expert Views, and BIS Research Analysis

The global digital surgery technologies market was valued at $252.5 million in 2019 and is anticipated to reach $5,110.5 million by 2030, growing at a CAGR of 32.1% during the forecast period 2020-2030. The increasing complexities in clinical decision making, rising surgeon’s workload, and huge R&D investments are the major factors fueling the market growth. In addition to these factors, there are significant challenges and restraints, which are restricting market growth. These challenges include the surgeons’ reluctance toward the adoption of advanced technologies, such as AI and the privacy and security concerns related to healthcare data. Hence, it is anticipated that these trends will have a significant impact on the digital surgery technologies market in the next five years, and the market will grow multifold.

Competitive Landscape

The global digital surgery technologies market consists of numerous large-scale as well as small-scale manufacturers and vendors. Presently, with the increasing adoption of AI in healthcare, the manufacturers in the market have an ample number of opportunities to expand their offerings and to establish a strong foothold in the market.

In the past years (December 2015-August 2020), the digital surgery technologies market witnessed approximately 47 partnerships, alliances and business expansions, 43 new offerings, 15 regulatory and legal approvals, 33 funding activities, 13 mergers and acquisitions, and 11 procurement and sales.

Most of the manufacturers in the market are incorporating collaborations and partnerships with not only other companies but the hospitals, medical schools, ambulatory surgical centers, and surgeons as the key strategies to develop novel digital surgery products and attain a strong financial position in the market.

The key players contributing to the global digital surgery technologies market are Osso VR, Augmedics Ltd., Brainlab AG, Medtronic plc, Caresyntax, Inc., 3Dintegrated ApS, DASH Analytics, Novadaq Technologies, Inc., Fundamental VR, EchoPixel, Inc., Surgical Science Sweden AB, 3D Systems Inc., VirtaMed AG, Mimic Technologies, and Centerline Biomedical, among others.

Global Digital Surgery Technologies Market

Focus on Product Type, Technology, 12 Countries' Data, and Competitive Landscape - Analysis and Forecast, 2020-2030

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Some Faq's

Frequently Asked Questions

Answer: The digital surgery technologies market is projected to grow at a CAGR 32.10% during the forecast period from 2020-2030.

The digital surgery technologies market was estimated at $252.5 Million in 2019 and is projected to grow at a CAGR of 32.10% during the forecast period from 2020-2030.

Answer: The pertinent factors that are driving the growth of the market include enhanced accuracy, promising recovery from pre-operative surgical planning, results based on quantifiable data, and increasing interest of technologist and start-ups.

The factors driving the growth of the market include enhanced accuracy and promising recovery from pre-operative surgical planning, results based on quantifiable data, and increasing interest of technologists and start-ups.

Answer: The technological advancements include use of AI algorithms, augmented and virtual reality, mixed reality and other technologies.

The trends influencing the growth of the market include neutral vendor platforms, experimental phase with mixed technologies (both on software and hardware), and virtual access and enhanced patient outcomes through cloud technology likely to be the future trend, among others.

Answer: The different product types included in digital surgery technologies include surgical simulation systems, surgical data science, surgical navigation and advanced visualization, and surgical planning.

Surgical simulation systems, surgical data science, surgical navigation and advanced visualization, and surgical planning are the products covered under the digital surgery market.

Answer: The top market players operating in the market include, Osso VR, Augmedics Ltd., Brainlab AG, Medtronic plc, Caresyntax, Inc., 3Dintegrated ApS, DASH Analytics, Novadaq Technologies, Inc., Fundamental VR, EchoPixel, Inc., Surgical Science Sweden AB., VirtaMed AG, Mimic Technologies, and Centerline Biomedical.

The companies operating in the market include Osso VR, Augmedics Ltd., Brainlab AG, Medtronic plc, Caresyntax, Inc., 3Dintegrated ApS, DASH Analytics, Novadaq Technologies, Inc., Fundamental VR, EchoPixel, Inc., Surgical Science Sweden AB., VirtaMed AG, Mimic Technologies, and Centerline Biomedical

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