PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1403424
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1403424
Telesurgery Market Forecasts to 2030 - Global Analysis By Surgery Type (Gastrointestinal Surgery, Orthopedic Surgery, Cardiothoracic Surgery and Other Surgery Types), Component, Application and By Geography
According to Stratistics MRC, the Global Telesurgery Market is growing at a CAGR of 13.1% during the forecast period. Telesurgery is often referred to as remote surgery or telemedicine surgery, is a type of surgery in which a surgeon operates on a patient who is not present in person. It entails a surgeon operating on a patient who may be in a different city, nation, or even continent by using technology, such as robotics and fast communication networks. Using a station with cameras and sophisticated controls, the surgeon may remotely operate robotic arms and other surgical devices.
Market Dynamics:
Driver:
Rising demand for minimally invasive surgery
The demand for telesurgery is fueled by the preference for minimally invasive procedures, has surged significantly. With advancements in robotics and telecommunication technologies, patients seek remote surgical options that offer reduced scarring, shorter recovery times, and precise interventions. Its ability to merge advanced robotics with expert human control makes it an appealing choice, reflecting the growing trend toward minimally invasive surgical solutions in healthcare.
Restraint:
Data encryption and security
Despite providing remote medical treatments, telesurgery has issues with encryption and security. Data transmission over networks enhances the possibility of eavesdropping, jeopardizing patient privacy. Surgery accuracy in real time is impacted by delay introduced by encryption. Furthermore, encryption techniques may be open to cyber attacks, increasing the possibility of unwanted access to vital medical operations. Thus, these factors are impeding the market's expansion.
Opportunity:
Improved access to specialized care
Telesurgery revolutionizes specialized care by transcending geographical barriers, granting remote access to expert surgeons for intricate procedures. Utilizing advanced technologies like robotics and high-speed internet, it enables real-time guidance and execution of surgeries from a distance. This democratizes healthcare, ensuring timely, precise interventions regardless of location, ultimately improving outcomes and expanding the reach of specialized care globally. Hence, this is the factor propelling the growth of the market.
Threat:
High costs and accessibility
Telesurgery has severe cost and accessibility barriers. Its implementation is hampered by high initial setup costs for specialized equipment and infrastructure, particularly in places with limited resources. Financial difficulties also persist due to the costs of updating and maintaining the equipment. These obstacles hinder widespread implementation of telesurgery, preventing its potential to revolutionize healthcare delivery, particularly in remote regions.
COVID-19 Impact:
COVID-19 led to restrictions on travel and physical interaction, creating a need for remote healthcare solutions. Telesurgery became more appealing as it allowed surgeons to operate on patients without being in the same location, minimizing the risk of exposure to the virus. The pandemic spurred advancements in telecommunication technologies, such as improved internet connectivity, better video conferencing tools, and more sophisticated robotic surgical systems. These advancements helped enhance the feasibility and reliability of telesurgery.
The gastrointestinal surgery segment is expected to be the largest during the forecast period
The gastrointestinal surgery segment is expected to be the largest during the forecast period. Real-time guidance from experts improves surgical precision, reducing complications and recovery times. Moreover, it facilitates surgical education, enabling training for surgeons globally. Its integration of technology promotes innovation and the development of advanced surgical techniques, potentially revolutionizing gastrointestinal surgery for a more efficient, widespread, and enhanced patient experience.
The hospitals segment is expected to have the highest CAGR during the forecast period
The hospitals segment is expected to have the highest CAGR during the forecast period. They facilitate expert surgeons to perform operations remotely, overcoming geographical barriers and bringing specialized care to remote areas. Telesurgery hospitals optimize resource allocation, improve surgical precision through robotic assistance, and enable real-time consultations, fostering collaborative learning among medical professionals.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. Continuous improvements in robotic systems, high-speed internet, and augmented reality have enhanced the capabilities of telesurgery, allowing surgeons to perform complex procedures with precision from a distance. Both public and private sectors were investing in research and development to further advance technology, fostering market growth.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period owing to ongoing developments in high-definition imaging, and telecommunication technologies. Rising healthcare spending in countries has led to the adoption of advanced medical technologies, including telesurgery systems. Some governments in the region have shown interest in promoting advanced healthcare technologies, offering funding and support for the adoption of telesurgery systems.
Key players in the market:
Some of the key players in Telesurgery market include THINK Surgical, Intuitive Surgical, Hansen Medical, Mazor Robotics, VirtaMed AG, Zimmer Biomet Robotics, Restoration Robotics, Stryker, iRobot Corporation, Simbionix , VirtaMed AG, Medrobotics, TransEnterix, SRI International and Verb Surgical.
Key Developments:
In January 2023, Zimmer Biomet Holdings, Inc. announced that it has reached a definitive agreement to acquire Embody, Inc., a privately-held medical device company focused on soft tissue healing, for $155 million at closing and up to an additional $120 million subject to achieving future regulatory and commercial milestones over a three year period.
In July 2022, Zimmer Biomet Holdings, Inc announced a first-of-its-kind, three-year agreement to create the HSS/Zimmer Biomet (ZB) Innovation Center for Artificial Intelligence (AI) in Robotic Joint Replacement.
Surgery Types Covered:
- Gastrointestinal Surgery
- Orthopedic Surgery
- Cardiothoracic Surgery
- Other Surgery Types
Components Covered:
- Services
- Instruments & Accessories
- Robotic Surgical Systems
- Training & Consulting
- Support & Maintenance
- Integration & Deployment
- Other Components
Applications Covered:
- Clinics
- Hospitals
- Ambulatory Surgical Centers
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options::
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Telesurgery Market, By Surgery Type
- 5.1 Introduction
- 5.2 Gastrointestinal Surgery
- 5.3 Orthopedic Surgery
- 5.4 Cardiothoracic Surgery
- 5.5 Other Surgery Types
6 Global Telesurgery Market, By Component
- 6.1 Introduction
- 6.2 Services
- 6.3 Instruments & Accessories
- 6.4 Robotic Surgical Systems
- 6.5 Training & Consulting
- 6.6 Support & Maintenance
- 6.7 Integration & Deployment
- 6.8 Other Components
7 Global Telesurgery Market, By Application
- 7.1 Introduction
- 7.2 Clinics
- 7.3 Hospitals
- 7.4 Ambulatory Surgical Centers
- 7.5 Other Applications
8 Global Telesurgery Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 THINK Surgical
- 10.2 Intuitive Surgical
- 10.3 Hansen Medical
- 10.4 Mazor Robotics
- 10.5 VirtaMed AG
- 10.6 Zimmer Biomet Robotics
- 10.7 Restoration Robotics
- 10.8 Stryker
- 10.9 iRobot Corporation
- 10.10 Simbionix
- 10.11 VirtaMed AG
- 10.12 Medrobotics
- 10.13 TransEnterix
- 10.14 SRI International
- 10.15 Verb Surgical
List of Tables
- Table 1 Global Telesurgery Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Telesurgery Market Outlook, By Surgery Type (2021-2030) ($MN)
- Table 3 Global Telesurgery Market Outlook, By Gastrointestinal Surgery (2021-2030) ($MN)
- Table 4 Global Telesurgery Market Outlook, By Orthopedic Surgery (2021-2030) ($MN)
- Table 5 Global Telesurgery Market Outlook, By Cardiothoracic Surgery (2021-2030) ($MN)
- Table 6 Global Telesurgery Market Outlook, By Other Surgery Types (2021-2030) ($MN)
- Table 7 Global Telesurgery Market Outlook, By Component (2021-2030) ($MN)
- Table 8 Global Telesurgery Market Outlook, By Services (2021-2030) ($MN)
- Table 9 Global Telesurgery Market Outlook, By Instruments & Accessories (2021-2030) ($MN)
- Table 10 Global Telesurgery Market Outlook, By Robotic Surgical Systems (2021-2030) ($MN)
- Table 11 Global Telesurgery Market Outlook, By Training & Consulting (2021-2030) ($MN)
- Table 12 Global Telesurgery Market Outlook, By Support & Maintenance (2021-2030) ($MN)
- Table 13 Global Telesurgery Market Outlook, By Integration & Deployment (2021-2030) ($MN)
- Table 14 Global Telesurgery Market Outlook, By Other Components (2021-2030) ($MN)
- Table 15 Global Telesurgery Market Outlook, By Application (2021-2030) ($MN)
- Table 16 Global Telesurgery Market Outlook, By Clinics (2021-2030) ($MN)
- Table 17 Global Telesurgery Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 18 Global Telesurgery Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
- Table 19 Global Telesurgery Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 20 North America Telesurgery Market Outlook, By Country (2021-2030) ($MN)
- Table 21 North America Telesurgery Market Outlook, By Surgery Type (2021-2030) ($MN)
- Table 22 North America Telesurgery Market Outlook, By Gastrointestinal Surgery (2021-2030) ($MN)
- Table 23 North America Telesurgery Market Outlook, By Orthopedic Surgery (2021-2030) ($MN)
- Table 24 North America Telesurgery Market Outlook, By Cardiothoracic Surgery (2021-2030) ($MN)
- Table 25 North America Telesurgery Market Outlook, By Other Surgery Types (2021-2030) ($MN)
- Table 26 North America Telesurgery Market Outlook, By Component (2021-2030) ($MN)
- Table 27 North America Telesurgery Market Outlook, By Services (2021-2030) ($MN)
- Table 28 North America Telesurgery Market Outlook, By Instruments & Accessories (2021-2030) ($MN)
- Table 29 North America Telesurgery Market Outlook, By Robotic Surgical Systems (2021-2030) ($MN)
- Table 30 North America Telesurgery Market Outlook, By Training & Consulting (2021-2030) ($MN)
- Table 31 North America Telesurgery Market Outlook, By Support & Maintenance (2021-2030) ($MN)
- Table 32 North America Telesurgery Market Outlook, By Integration & Deployment (2021-2030) ($MN)
- Table 33 North America Telesurgery Market Outlook, By Other Components (2021-2030) ($MN)
- Table 34 North America Telesurgery Market Outlook, By Application (2021-2030) ($MN)
- Table 35 North America Telesurgery Market Outlook, By Clinics (2021-2030) ($MN)
- Table 36 North America Telesurgery Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 37 North America Telesurgery Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
- Table 38 North America Telesurgery Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 39 Europe Telesurgery Market Outlook, By Country (2021-2030) ($MN)
- Table 40 Europe Telesurgery Market Outlook, By Surgery Type (2021-2030) ($MN)
- Table 41 Europe Telesurgery Market Outlook, By Gastrointestinal Surgery (2021-2030) ($MN)
- Table 42 Europe Telesurgery Market Outlook, By Orthopedic Surgery (2021-2030) ($MN)
- Table 43 Europe Telesurgery Market Outlook, By Cardiothoracic Surgery (2021-2030) ($MN)
- Table 44 Europe Telesurgery Market Outlook, By Other Surgery Types (2021-2030) ($MN)
- Table 45 Europe Telesurgery Market Outlook, By Component (2021-2030) ($MN)
- Table 46 Europe Telesurgery Market Outlook, By Services (2021-2030) ($MN)
- Table 47 Europe Telesurgery Market Outlook, By Instruments & Accessories (2021-2030) ($MN)
- Table 48 Europe Telesurgery Market Outlook, By Robotic Surgical Systems (2021-2030) ($MN)
- Table 49 Europe Telesurgery Market Outlook, By Training & Consulting (2021-2030) ($MN)
- Table 50 Europe Telesurgery Market Outlook, By Support & Maintenance (2021-2030) ($MN)
- Table 51 Europe Telesurgery Market Outlook, By Integration & Deployment (2021-2030) ($MN)
- Table 52 Europe Telesurgery Market Outlook, By Other Components (2021-2030) ($MN)
- Table 53 Europe Telesurgery Market Outlook, By Application (2021-2030) ($MN)
- Table 54 Europe Telesurgery Market Outlook, By Clinics (2021-2030) ($MN)
- Table 55 Europe Telesurgery Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 56 Europe Telesurgery Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
- Table 57 Europe Telesurgery Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 58 Asia Pacific Telesurgery Market Outlook, By Country (2021-2030) ($MN)
- Table 59 Asia Pacific Telesurgery Market Outlook, By Surgery Type (2021-2030) ($MN)
- Table 60 Asia Pacific Telesurgery Market Outlook, By Gastrointestinal Surgery (2021-2030) ($MN)
- Table 61 Asia Pacific Telesurgery Market Outlook, By Orthopedic Surgery (2021-2030) ($MN)
- Table 62 Asia Pacific Telesurgery Market Outlook, By Cardiothoracic Surgery (2021-2030) ($MN)
- Table 63 Asia Pacific Telesurgery Market Outlook, By Other Surgery Types (2021-2030) ($MN)
- Table 64 Asia Pacific Telesurgery Market Outlook, By Component (2021-2030) ($MN)
- Table 65 Asia Pacific Telesurgery Market Outlook, By Services (2021-2030) ($MN)
- Table 66 Asia Pacific Telesurgery Market Outlook, By Instruments & Accessories (2021-2030) ($MN)
- Table 67 Asia Pacific Telesurgery Market Outlook, By Robotic Surgical Systems (2021-2030) ($MN)
- Table 68 Asia Pacific Telesurgery Market Outlook, By Training & Consulting (2021-2030) ($MN)
- Table 69 Asia Pacific Telesurgery Market Outlook, By Support & Maintenance (2021-2030) ($MN)
- Table 70 Asia Pacific Telesurgery Market Outlook, By Integration & Deployment (2021-2030) ($MN)
- Table 71 Asia Pacific Telesurgery Market Outlook, By Other Components (2021-2030) ($MN)
- Table 72 Asia Pacific Telesurgery Market Outlook, By Application (2021-2030) ($MN)
- Table 73 Asia Pacific Telesurgery Market Outlook, By Clinics (2021-2030) ($MN)
- Table 74 Asia Pacific Telesurgery Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 75 Asia Pacific Telesurgery Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
- Table 76 Asia Pacific Telesurgery Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 77 South America Telesurgery Market Outlook, By Country (2021-2030) ($MN)
- Table 78 South America Telesurgery Market Outlook, By Surgery Type (2021-2030) ($MN)
- Table 79 South America Telesurgery Market Outlook, By Gastrointestinal Surgery (2021-2030) ($MN)
- Table 80 South America Telesurgery Market Outlook, By Orthopedic Surgery (2021-2030) ($MN)
- Table 81 South America Telesurgery Market Outlook, By Cardiothoracic Surgery (2021-2030) ($MN)
- Table 82 South America Telesurgery Market Outlook, By Other Surgery Types (2021-2030) ($MN)
- Table 83 South America Telesurgery Market Outlook, By Component (2021-2030) ($MN)
- Table 84 South America Telesurgery Market Outlook, By Services (2021-2030) ($MN)
- Table 85 South America Telesurgery Market Outlook, By Instruments & Accessories (2021-2030) ($MN)
- Table 86 South America Telesurgery Market Outlook, By Robotic Surgical Systems (2021-2030) ($MN)
- Table 87 South America Telesurgery Market Outlook, By Training & Consulting (2021-2030) ($MN)
- Table 88 South America Telesurgery Market Outlook, By Support & Maintenance (2021-2030) ($MN)
- Table 89 South America Telesurgery Market Outlook, By Integration & Deployment (2021-2030) ($MN)
- Table 90 South America Telesurgery Market Outlook, By Other Components (2021-2030) ($MN)
- Table 91 South America Telesurgery Market Outlook, By Application (2021-2030) ($MN)
- Table 92 South America Telesurgery Market Outlook, By Clinics (2021-2030) ($MN)
- Table 93 South America Telesurgery Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 94 South America Telesurgery Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
- Table 95 South America Telesurgery Market Outlook, By Other Applications (2021-2030) ($MN)
- Table 96 Middle East & Africa Telesurgery Market Outlook, By Country (2021-2030) ($MN)
- Table 97 Middle East & Africa Telesurgery Market Outlook, By Surgery Type (2021-2030) ($MN)
- Table 98 Middle East & Africa Telesurgery Market Outlook, By Gastrointestinal Surgery (2021-2030) ($MN)
- Table 99 Middle East & Africa Telesurgery Market Outlook, By Orthopedic Surgery (2021-2030) ($MN)
- Table 100 Middle East & Africa Telesurgery Market Outlook, By Cardiothoracic Surgery (2021-2030) ($MN)
- Table 101 Middle East & Africa Telesurgery Market Outlook, By Other Surgery Types (2021-2030) ($MN)
- Table 102 Middle East & Africa Telesurgery Market Outlook, By Component (2021-2030) ($MN)
- Table 103 Middle East & Africa Telesurgery Market Outlook, By Services (2021-2030) ($MN)
- Table 104 Middle East & Africa Telesurgery Market Outlook, By Instruments & Accessories (2021-2030) ($MN)
- Table 105 Middle East & Africa Telesurgery Market Outlook, By Robotic Surgical Systems (2021-2030) ($MN)
- Table 106 Middle East & Africa Telesurgery Market Outlook, By Training & Consulting (2021-2030) ($MN)
- Table 107 Middle East & Africa Telesurgery Market Outlook, By Support & Maintenance (2021-2030) ($MN)
- Table 108 Middle East & Africa Telesurgery Market Outlook, By Integration & Deployment (2021-2030) ($MN)
- Table 109 Middle East & Africa Telesurgery Market Outlook, By Other Components (2021-2030) ($MN)
- Table 110 Middle East & Africa Telesurgery Market Outlook, By Application (2021-2030) ($MN)
- Table 111 Middle East & Africa Telesurgery Market Outlook, By Clinics (2021-2030) ($MN)
- Table 112 Middle East & Africa Telesurgery Market Outlook, By Hospitals (2021-2030) ($MN)
- Table 113 Middle East & Africa Telesurgery Market Outlook, By Ambulatory Surgical Centers (2021-2030) ($MN)
- Table 114 Middle East & Africa Telesurgery Market Outlook, By Other Applications (2021-2030) ($MN)
