Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Digital surgery is the emerging new concept which is widely adopted in North America region as the market entails the application of technologies like artificial intelligence and machine combination with healthcare sector. The market is expected to be the future of medicine and human robot. The market is expected to witness increasing demand for digital surgeries owing to growing burden of different disease in region which is likely to drive the growth of market. Also, propelling demand from hospitals and ambulatory surgical centers, education and research institutes is anticipated to boost the market growth during the forecast period.
North America market is currently witnessing emerging demand for digital surgery due to increasing enhanced accuracy and promising recovery from pre-operative surgical planning. The new technologies precisely combine with healthcare has creating the new direction for the market growth. Furthermore, growing demand for digital surgery products among surgeon has propel the demand for the market. Also, results based on quantifiable data has boosted the requirement for market in North America. In addition, increasing interest of technologists and start-ups and rising surgeon's workload are the key factor contributing in the growth of the market.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the digital surgery market. In addition, complete analysis of changes on the North America digital surgery market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The digital surgery market comprises of different market segment like component, product, technology, end user, disease indication and country.
By component, the digital surgery includes key segment of hardware, software, services. Hardware dominated the North America digital surgery owing to growing requirement for component in production of digital surgery products. These component have major role for supporting the products with different software integration. Thereby the market is expected to witness increasingly demand in the North America market. Also, software is likely to growth at highest pace during the forecast period due to growing new software development based on different technology is likely to contribute healthy growth in the market.
The digital surgery market is significantly studied for key products like surgical simulation, surgical navigation, advanced visualization products, surgical data science, surgical planning. Surgical simulation register the major share for the digital surgery owing to growing demand in hospital and education& research institute. Also, shifting trends and requirement for new technologies products is fueling the demand for the segment. Also, surgical navigation, followed by advanced visualization products are flourishing the market growth and are anticipated to witness increasing huge demand in upcoming years in the North America digital surgery market.
The digital surgery by technology is available in market including AI and Big Data, IoT and robotics, augmented reality and virtual reality. AI and Big Data is expected to lead in the North America market owing to increasing demand for technology for intelligent decision making in primary tertiary patient care. Besides, the technology provides accuracy in data management which helps in reducing error for surgeries. Likewise, IoT and robotics, augmented reality and virtual reality are expected to contribute healthy growth in the market during the estimated time period.
The digital surgery market finds its end use in insurance companies, medical device vendors, hospitals and ambulatory surgical centers, education and research institutes. Hospitals and ambulatory surgical centers is expected to gain major market for digital surgery market in North America. The growth is majorly due to increasing patient inflows in hospitals, increasing adoption for new digital products in North America region is expected to drive the market growth during the forecast period. Likewise, education and research institutes are expected to witness increasing growth opportunity due to increasing number of new medical trainees, adoption of digital surgery products to provide training and improve skills for surgery which is expected to drive the market growth.
The digital surgery market according to disease indication includes segment of neurological, cardiovascular, orthopedics, urology, gynaecological, ophthalmological and others. In North America digital surgery market, cardiovascular is expected to be leading segment during the forecast period. The region has growing burden of different disease which has led the significant demand for digital surgery market. Also, every year number of cardiovascular surgeries are conducted every year which has major created the new growth opportunities for the digital surgery market. Also, demand for digital surgery in neurological is expected to flourish the market with new growth avenue.
North America digital surgery market is studied for the following countries like United States, Canada and Mexico. In North America digital surgery market, United States has gained major market share attributing to growing adoption of different digital surgical products for conducing critical surgical. Besides, rapid evolution of new technology combining with healthcare has boosted the demand for market in the region. Also, growing number of patient in different condition like neurological, cardiovascular has fueled the demand for the market. Thereby the United States is anticipated to witness emerging growth during the forecast period. Besides, Canada and Mexico are likely to contribute healthy growth in the market during the estimated time period.
The key players in digital surgery are Augmedics Ltd., Brainlab AG, Caresyntax Inc , Centerline Biomedical, EchoPixel Inc.,Eschmann Equipment, FundamentalVR , GE Healthcare, Getinge AB, HoloSurgical Inc., OsteoMed, ClaroNav, Medivis, SentiAR , Smith and Nephew, IntegriTech, Johnson and Johnson, Koninklijke Philips N.V., Medtronic plc, Mimic Technologies, Inc. , Mindray ,CMR Surgical , Olympus Corporation, Zimmer Biomet, Stryker Corporation, Surgical Science Sweden AB ,True Digital Surgery , VirtaMed AG and Varian Health Systems among others.
March 2021: Zimmer Biomet Holdings, Inc. had introduced ZBEdge Connected Intelligence Suite of currently available and soon to be launched digital and robotic technologies. ZBEdge technologies are purposefully engineered to deliver transformative data-powered clinical insights, shared seamlessly across the patient journey, to improve patient outcomes.
February 2020: Medtronic plc, the global leader in medical technology acquired the Digital Surgery which is a privately-held pioneer in surgical artificial intelligence (AI), data and analytics, and digital education and training. The acquisition of Digital Surgery will strengthen the Medtronic robotic assisted surgery platform and has applicability for the Medtronic broader portfolio.
December 2019: GE Healthcare announced that its in and collaborations with Formlabs, CMR Surgical Ltd. and Decisico Health, companies specializing in 3D printing, surgical robotics and virtual care monitoring respectively.
October 2019: Stryker announced the acquisition of Mobius Imaging, LLC, a leader in point-of-care imaging technology, and its sister company, GYS Tech, LLC (DBA Cardan Robotics). With this acquisition, the company is positioned to make healthcare better by providing more complete procedural solutions, including sales, service, and support.
The report analyses the North America digital surgery market based on by component, product, technology, end user, disease indication and country. By component, the digital surgery includes key segment of hardware, software, services. Hardware dominated the North America digital surgery owing to growing requirement for component in production of digital surgery products. The digital surgery market is significantly studied for key products like surgical simulation, surgical navigation, advanced visualization products, surgical data science, surgical planning. Surgical simulation register the major share for the digital surgery owing to growing demand in hospital and education& research institute. The digital surgery by technology is available in market including AI and Big Data, IoT and robotics, augmented reality and virtual reality. AI and Big Data is expected to lead in the North America market owing to increasing demand for technology for intelligent decision making in primary tertiary patient care. The digital surgery market finds its end use in insurance companies, medical device vendors, hospitals and ambulatory surgical centers, education and research institutes. Hospitals and ambulatory surgical centers is expected to gain major market for digital surgery market in North America. The digital surgery market according to disease indication includes segment of neurological, cardiovascular, orthopedics, urology, gynaecological, ophthalmological and others. In North America digital surgery market, cardiovascular is expected to be leading segment during the forecast period. North America digital surgery market is studied for the following countries like United States, Canada and Mexico.
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