Product Code: GVR-4-68040-422-6
Telesurgery Market Growth & Trends:
The global telesurgery market size is expected to reach USD 5.91 billion by 2030, registering a CAGR of 16.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing research and development activities in the field of telesurgery is fostering market growth. In February 2024, a small surgical robot stationed at the International Space Station successfully demonstrated its first surgery in zero gravity. The robot, named spaceMIRA (Miniaturized In Vivo Robotic Assistant), carried out multiple procedures on simulated tissue at the orbiting laboratory while being controlled remotely by surgeons in Lincoln, Nebraska, approximately 250 miles (400 kilometers) away. Such advancement in robotic surgeries is fueling market growth.
The growing number of telesurgery trials are expected to increase its application and boost market growth. For instance, in May 2024, XCath announced the successful completion of a groundbreaking live telerobotic trial for stroke treatment. This trial took place during Abu Dhabi Global Healthcare Week and involved locations in Abu Dhabi, UAE, and Seoul, South Korea. During a live presentation, Vitor Mendes Pereira carried out a mechanical thrombectomy process on a simulated patient located in South Korea from Abu Dhabi. Pereira successfully executed the procedure to eliminate a brain blood clot within a short span of time, noting minimal delay and a dependable link to the robotic equipment in South Korea.
Increasing cases of gastric cancer across the globe are fostering the demand of advanced treatment options. In 2020, the GLOBOCAN database estimated that around 1.1 million instances of stomach cancer were detected globally, with 720,000 cases identified in men and 370,000 cases in women. Additionally, as per the article published in the KeAi journal Intelligent Surgery, a group of researchers from China reported the initial use of 5G communication technology in a robot-assisted remote radical distal gastrectomy. Such growing use of remote surgical robots is contributing to its increased adoption.
Additionally, an increasing number of surgeries is anticipated to propel market growth. For instance, according to World Bank Group data, in 2023, Spain had 6,953 surgical procedures per 100,000 population, while in 2022, Germany had 19,124 surgical procedures per 100,000 population. Furthermore, increasing usage of robotics in surgeries is expected to supplement market growth. The NIH report states that robotic surgery is rapidly expanding across various medical fields, with an annual growth rate of about 15%. The global volume of robotic surgeries in 2020 reached 1.24 million, and the U.S. accounted for 70.6% of them. Additionally, each year, over 900 new robotic platforms are installed worldwide. In England, 32% of acute NHS trusts (48 out of 149) had at least one surgical robot.
Telesurgery Market Report Highlights:
- Based on component, the system segment held the largest revenue share in the market in 2023 owing to the growing technological advancement and rising adoption of robotic surgeries.
- Based on application, the urological surgery segment is anticipated to grow at the fastest growth rate over the forecast period in the market owing to the rising cases of bladder cancer.
- Based on end use, the outpatient facilities segment is anticipated to grow at the fastest growth rate over the forecast period in the market owing to the increasing number of ASCs.
- North America dominated the market due to the presence of key market players and the rapid adoption of innovative technologies.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Segment scope
- 1.1.2. Regional scope
- 1.1.3. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR's internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.4.1. Data analysis models
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.6.1. Commodity flow analysis (Model 1)
- 1.6.1.1. Approach 1: Commodity flow approach
- 1.7. Research Assumptions
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Component outlook
- 2.2.2. Application outlook
- 2.2.3. End use outlook
- 2.2.4. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Telesurgery Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market analysis
- 3.1.2. Ancillary market analysis
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.2. Market restraint analysis
- 3.3. Telesurgery: Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.2. PESTLE Analysis
- 3.4. Regulatory Framework
- 3.5. Technology Timeline Analysis
Chapter 4. Telesurgery Market Segment Analysis, By Component, 2018 - 2030 (USD Million)
- 4.1. Definition and Scope
- 4.2. Component Market Share Analysis, 2023 & 2030
- 4.3. Segment Dashboard
- 4.4. Global Telesurgery Market, by Component, 2018 to 2030
- 4.5. System
- 4.5.1. System market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.6. Instrument & accessories
- 4.6.1. Instrument & accessories market estimates and forecasts, 2018 to 2030 (USD Million)
- 4.7. Services
- 4.7.1. Services market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 5. Telesurgery Market Segment Analysis, By Application, 2018 - 2030 (USD Million)
- 5.1. Definition and Scope
- 5.2. Application Market Share Analysis, 2023 & 2030
- 5.3. Segment Dashboard
- 5.4. Global Telesurgery Market, by Application, 2018 to 2030
- 5.5. General surgery
- 5.5.1. General surgery market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.6. Urological surgery
- 5.6.1. Urological surgery market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.7. Gynecological surgery
- 5.7.1. Gynecological surgery market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.8. Cardiovascular surgery
- 5.8.1. Cardiovascular surgery market estimates and forecasts, 2018 to 2030 (USD Million)
- 5.9. Others
- 5.9.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Telesurgery Market Segment Analysis, By End Use, 2018 - 2030 (USD Million)
- 6.1. Definition and Scope
- 6.2. End use Market Share Analysis, 2023 & 2030
- 6.3. Segment Dashboard
- 6.4. Global Telesurgery Market, by End use, 2018 to 2030
- 6.5. Hospitals
- 6.5.1. Hospitals market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.6. Outpatient facilities
- 6.6.1. Outpatient facilities market estimates and forecasts, 2018 to 2030 (USD Million)
- 6.7. Research and academic institutions
- 6.7.1. Research and academic institutions market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. Telesurgery Market Segment Analysis, By Region, By Component, By Application, By End Use, 2018- 2030 (USD Million)
- 7.1. Regional Market Share Analysis, 2023 & 2030
- 7.2. Regional Market Dashboard
- 7.3. Regional Market Snapshot
- 7.4. Telesurgery Market Share by Region, 2023 & 2030:
- 7.5. North America
- 7.5.1. North America telesurgery market, 2018 - 2030 (USD Million)
- 7.5.2. U.S.
- 7.5.2.1. U.S. telesurgery market, 2018 - 2030 (USD Million)
- 7.5.3. Canada
- 7.5.3.1. Canada telesurgery market, 2018 - 2030 (USD Million)
- 7.5.4. Mexico
- 7.5.4.1. Mexico telesurgery market, 2018 - 2030 (USD Million)
- 7.6. Europe
- 7.6.1. Europe telesurgery market, 2018 - 2030 (USD Million)
- 7.6.2. UK
- 7.6.2.1. UK telesurgery market, 2018 - 2030 (USD Million)
- 7.6.3. Germany
- 7.6.3.1. Germany telesurgery market, 2018 - 2030 (USD Million)
- 7.6.4. France
- 7.6.4.1. France telesurgery market, 2018 - 2030 (USD Million)
- 7.6.5. Italy
- 7.6.5.1. Italy telesurgery market, 2018 - 2030 (USD Million)
- 7.6.6. Spain
- 7.6.6.1. Spain telesurgery market, 2018 - 2030 (USD Million)
- 7.6.7. Norway
- 7.6.7.1. Norway telesurgery market, 2018 - 2030 (USD Million)
- 7.6.8. Sweden
- 7.6.8.1. Sweden telesurgery market, 2018 - 2030 (USD Million)
- 7.6.9. Denmark
- 7.6.9.1. Denmark telesurgery market, 2018 - 2030 (USD Million)
- 7.7. Asia Pacific
- 7.7.1. Japan
- 7.7.1.1. Japan telesurgery market, 2018 - 2030 (USD Million)
- 7.7.2. China
- 7.7.2.1. China telesurgery market, 2018 - 2030 (USD Million)
- 7.7.3. India
- 7.7.3.1. India telesurgery market, 2018 - 2030 (USD Million)
- 7.7.4. Australia
- 7.7.4.1. Australia telesurgery market, 2018 - 2030 (USD Million)
- 7.7.5. South Korea
- 7.7.5.1. South Korea telesurgery market, 2018 - 2030 (USD Million)
- 7.7.6. Thailand
- 7.7.6.1. Thailand telesurgery market, 2018 - 2030 (USD Million)
- 7.8. Latin America
- 7.8.1. Brazil
- 7.8.1.1. Brazil telesurgery market, 2018 - 2030 (USD Million)
- 7.8.2. Argentina
- 7.8.2.1. Argentina telesurgery market, 2018 - 2030 (USD Million)
- 7.9. MEA
- 7.9.1. South Africa
- 7.9.1.1. South Africa telesurgery market, 2018 - 2030 (USD Million)
- 7.9.2. Saudi Arabia
- 7.9.2.1. Saudi Arabia telesurgery market, 2018 - 2030 (USD Million)
- 7.9.3. UAE
- 7.9.3.1. UAE telesurgery market, 2018 - 2030 (USD Million)
- 7.9.4. Kuwait
- 7.9.4.1. Kuwait telesurgery market, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Profiles
- 8.3.1. Intuitive Surgical
- 8.3.1.1. Company overview
- 8.3.1.2. Financial performance
- 8.3.1.3. Product benchmarking
- 8.3.1.4. Strategic initiatives
- 8.3.2. Sina Robotics & Medical Innovators Co., Ltd
- 8.3.2.1. Company overview
- 8.3.2.2. Financial performance
- 8.3.2.3. Product benchmarking
- 8.3.2.4. Strategic initiatives
- 8.3.3. Asensus Surgical US, Inc.
- 8.3.3.1. Company overview
- 8.3.3.2. Financial performance
- 8.3.3.3. Product benchmarking
- 8.3.3.4. Strategic initiatives
- 8.3.4. SS Innovations International Inc.
- 8.3.4.1. Company overview
- 8.3.4.2. Financial performance
- 8.3.4.3. Product benchmarking
- 8.3.4.4. Strategic initiatives
- 8.3.5. RIVERFIELD Inc.
- 8.3.5.1. Company overview
- 8.3.5.2. Financial performance
- 8.3.5.3. Product benchmarking
- 8.3.5.4. Strategic initiatives
- 8.3.6. Siemens Healthcare
- 8.3.6.1. Company overview
- 8.3.6.2. Financial performance
- 8.3.6.3. Product benchmarking
- 8.3.6.4. Strategic initiatives
- 8.3.7. MicroPort
- 8.3.7.1. Company overview
- 8.3.7.2. Financial performance
- 8.3.7.3. Product benchmarking
- 8.3.7.4. Strategic initiatives