Global Telesurgery Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2024 - 2034
Telesurgery or remote surgery uses systems and fast internet connections to conduct surgical operations from afar. This method allows patients to access surgeons regardless of their location by overcoming geographical limitations. Common uses of telesurgery involve invasive surgeries as well, as complex heart and brain procedures.
Market Key Insights
- The Telesurgery market is projected to grow from $2.2 billion in 2024 to $8.8 billion in 2034. This represents a CAGR of 14.8%, reflecting rising demand across Remote Surgical Consultation, Medical Training & Education and Military & Disaster Relief.
Intuitive Surgical Inc., Medtronic Plc., Johnson & Johnson are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Telesurgery market and are expected to observe the growth CAGR of 13.3% to 17.8% between 2024 and 2030.
- Emerging markets including Brazil, India and South Africa are expected to observe highest growth with CAGR ranging between 10.4% to 15.5%.
Transition like Emergence of 5G is expected to add $900.0 million to the Telesurgery market growth by 2030
- The Telesurgery market is set to add $6.6 billion between 2024 and 2034, with manufacturer targeting Cardiac Surgery & Neurosurgery Applications projected to gain a larger market share.
- With Technological advancements, and Rising healthcare expenditure, Telesurgery market to expand 298% between 2024 and 2034.
Opportunities in the Telesurgery
The rising requirement, for medical services and less intrusive medical procedures is also anticipated to boost the popularity of telesurgery in the coming timescales.
Growth Opportunities in North America and Asia-Pacific
North America Outlook
North America, with its advanced healthcare infrastructure and high adoption rate of new technologies, is a significant market for telesurgery. The regions market growth is driven by the increasing demand for minimally invasive surgeries and the presence of key players in the telesurgery industry. The United States, in particular, is a hub for telesurgery, with numerous hospitals and clinics adopting this revolutionary technology to provide remote surgical care. However, the market is highly competitive, with several companies offering advanced telesurgery solutions. Opportunities lie in the development of more sophisticated and cost-effective telesurgery systems, and in the expansion of telesurgery services to rural and remote region's.
Asia-Pacific Outlook
The Asia-Pacific region is witnessing rapid growth in the telesurgery market, fueled by increasing healthcare expenditure, growing awareness about minimally invasive surgeries, and rising demand for quality healthcare services. Countries like Japan, China, and India are emerging as significant players in the telesurgery market, with several hospitals adopting telesurgery to cater to the vast patient population. The competition is intensifying with local and international companies investing in R&D to develop advanced telesurgery systems. The key market drivers include technological advancements, government initiatives to improve healthcare infrastructure, and the growing need for remote surgical care in the regions vast rural region's.
Market Dynamics and Supply Chain
Driver: Technological Advancements
The rise in healthcare spending around the world and the increasing need for invasive surgeries have also driven the growth of telesurgery services in the market. As healthcare systems globally work towards improving patient care standards telesurgery has also become an option to deliver top notch surgical services to distant and underserved communities. This shift is also notably noticeable in developed nations with healthcare systems, where telesurgery is also gaining popularity for intricate procedures, like heart surgery, digestive system surgery and urological interventions.
Restraint: High Cost of Telesurgery Systems
Opportunity: Technological Advancements and Strategic Collaborations
The telemedicine sector is set to experience substantial growth thanks to partnerships formed among healthcare professionals and technology companies alongside research institutions collaborating on innovative telesurgery systems to drive market growth.
Challenge: Regulatory and Legal Issues
Supply Chain Landscape
Intuitive Surgical
Medtronic
Stryker Corporation
Johnson & Johnson
Cardinal Health
McKesson Corporation
Hospitals
Clinics
Research Institutions
Intuitive Surgical
Medtronic
Stryker Corporation
Johnson & Johnson
Cardinal Health
McKesson Corporation
Hospitals
Clinics
Research Institutions
Applications of Telesurgery in Remote Surgical Consultation, Medical Training & Education & Military & Disaster Relief
Telesurgery has revolutionized the field of remote surgical consultation. It allows surgeons to provide expert advice and guidance from a distance, using robotic surgery systems. These systems, such as the da Vinci Surgical System, enable surgeons to perform complex procedures with enhanced precision and minimal invasiveness. This application of telesurgery has been a game changer in providing access to specialized surgical care in remote and underserved region's. Top players in this domain include Intuitive Surgical, known for their ground-breaking da Vinci system, which holds a significant market share due to its advanced features and widespread adoption.
In the realm of military and disaster relief, telesurgery has been an invaluable tool. It enables surgeons to perform life-saving procedures in war zones or disaster-struck region's without being physically present. The Remote Presence Telesurgical System is commonly used in these situations due to its portability and robustness. Companies like SRI International are leading the way in this application with their M7 Surgical System, which is designed for use in challenging environments.
Telesurgery is also widely used in the field of medical training and education. It provides a platform for surgical trainees to learn and practice complex surgical procedures under the guidance of experienced surgeons, without geographical constraints. This application primarily uses virtual reality telesurgery systems, which offer a realistic and immersive learning environment.
Recent Developments
Intuitive Surgical, a leading provider in the Telesurgery market, announced the launch of its advanced robotic surgical system, enhancing precision in remote surgeries
Medtronic, another key player in the Telesurgery industry, introduced AI-integrated telesurgery equipment to improve patient outcomes and surgical efficiency
Johnson & Johnsons Ethicon subsidiary unveiled a next-generation Telesurgery platform, offering high-definition 3D visualization and real-time analytics.