San Francisco, 21 May 2024: The Report Surgical Planning Software Market Size, Share & Trends Analysis Report By Delivery (Cloud-based, On-premise), By Application (Orthopedic Surgery, Neurosurgery), By End Use, By Region, And Segment Forecasts, 2024 - 2030
The global surgical planning software market size is estimated at USD 167.8 million in 2030 and is estimated to expand at a CAGR of 6.6% from 2024 to 2030. Technological development in the healthcare sector, growing demand for immediate access to medical care, and increasing global geriatric population are the factors driving the growth of the market. Planning and visualizing the surgery is an important aspect of the care provided to the patients considering the specific anatomy of the individual, to perform surgery and expect the outcome. The steps taken before entering the operation rooms can tremendously impact the surgery time, anticipating anomalies, decreasing invasiveness, and eventually patient satisfaction. Furthermore, surgical planning technology simplifies the analysis of complicated anatomy and speeds up disease interpretation.
The COVID-19 outbreak caused disruption of routine healthcare leading to a decrease in hospital attendance, rescheduling of surgical services, and postponement of cancer screening programs. The first wave of the COVID-19 pandemic had a major impact on surgical care globally. The drop in the number of beds and the operation room capacity has led to considerable delays in critical and semi-elective surgical treatments. As per the article from the Annals of Surgery, the pandemic has led to the interruption in the delivery of surgical services, with an approximate cancellation of around 28 million elective surgeries globally during the first wave of COVID-19 in addition to the cancellation of diagnostic and interventional pathways.
The key companies in the market are attempting to enhance their product portfolio by upgrading their products, employing significant cooperative efforts, and considering acquisitions and government permissions in order to increase their client base and capture a larger share of the market. For instance, In February 2022, 3D Systems announced an agreement to acquire Kumovis, a Munich, Germany-based manufacturing solutions provider for customized healthcare applications. The acquisition will help 3D Systems to add an exclusive extrusion technology to its vast polymer printing healthcare portfolio, permitting the company to expand its potential market for customized healthcare products and applications.
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Surgical planning software assists surgeons in determining the optimal surgical approach by generating precise digital data for pre-surgical evaluation. The global rise in surgical procedures, coupled with the software's benefits-such as improved patient outcomes, pre-planned surgeries, and enhanced surgical efficiency-are key factors driving market growth.
In addition, elderly individuals frequently develop conditions like osteoporosis, necessitating surgeries such as knee and hip replacements. According to the American Joint Replacement Registry's 2020 annual report, around 2 million hip and knee procedures were performed in the U.S. in 2020, marking a 24.4% increase from the previous year. Furthermore, the growing incidence of sports and accident injuries also contributes to the increasing number of surgeries.
Market players are dedicated to developing and enhancing existing surgical planning software, which boosts the availability of advanced options. This continuous innovation is driving increased adoption of surgical planning software. For instance, in October 2023, Bausch + Lomb Corporation announced the launch of the Eyetelligence platform, a new surgical planning software that helps streamline information flow and surgical planning. Moreover, it also allows the diagnosis device and Electronic Medical Record (EMR) integration, which lets the surgeon simplify complex surgical planning procedures. The development of novel technologies that simplify complex surgical procedures and enhance accuracy is contributing to market growth.
The market is experiencing moderate growth at an accelerating pace. This growth is driven by increasing demand for technologically advanced solutions in surgical procedures, improved patient outcomes, and a rising number of surgeries globally.
The market is characterized by a high degree of innovation owing to the increasing focus of market players on developing various technologies and software that offer better assistance and platforms for surgical planning. For instance, in April 2024, Materialise launched 3D planning software, Mimics Enlight CMF. This software's design and planning tools enhance the precision, ease of use, and speed of surgical planning, which helps improve surgical outcomes and decision-making.
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Nanophotonics refers to the use of light in nanoscale projects.
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