Global Surgical Planning Software Market Outlook:

The anticipated Global Surgical Planning Software market size is poised to reach USD XX. XX Million by 2024, with a projected escalation to USD XX.XX Million by 2032, reflecting a compound annual growth rate (CAGR) of X.X% during the forecast period.

Adults over age need treatments for osteoporosis which requires them to get new knee and hip joints. The American Joint Replacement Registry recorded a 24.4% yearly growth in hip and knee procedures from 2020 to 2021 when they performed 2 million operations in the US. More surgical procedures take place due to rising numbers of sports-related accidents as well as sports injuries. Market participants are enhancing available surgical planning software through active development work to offer better possibilities to customers. Ongoing technology advancements make surgical planning software more desirable for healthcare facilities. Bausch + Lomb Corporation started Eyetelligence platform as surgical planning software during October 2023 to speed up information flow and surgical preparation. The system can connect with both the medical diagnosis tools and Electronic Medical Records to support surgeons by making difficult planning tasks simpler. Market expansion results from new technologies that enable easier surgical operations and better results.

Market Dynamics:

Driver:

Recent developments in medical imaging AI VR technology allow companies to grow their surgical planning software market at a faster than average rate. Medical imaging tools like MRI and CT scans show clear body details which surgeons use to build realistic 3D images of patient anatomy. The combination of surgery and AI technology in planning tools helps medical teams use vast stored data to make better surgical predictions. This technology improves medical evaluation before surgery while creating individualized care plans that help tailor the best operation methods for each patient. When VR technology joins surgical planning programs it makes them display clearer images and runs better simulation features. Leading providers now release products that show what problems may arise during actual surgery procedures while helping operations run faster and lower risk. In January 2024 Realize Medical received FDA clearance for Elucis their VR surgical planning software which lets doctors plan 3D operations and consult collaboratively.

Restraint:

Organizations in this field use various growth methods like product releases while growing their global business also through mergers and acquisitions coupled with research partnerships to expand their market share. In December 2022 Paragon 28 purchased Disior Oy to add their foot and ankle anatomy 3D analytics pre-operative planning service to its product range. The acquisition aimed to integrate Disior Oy's software strengths with Paragon 28's product diversity to eventually give patients better care results. Guidelines influence the way surgical planning software companies function in the market. The FDA of the United States has created specific ways for the medical device and software market through 510(k) approval, De Novo classification, or by obtaining premarket approval depending on patient risk. Updates to surgical planning programs remain simple because they boost medical results effectively reduce the threat of substitutes from entering the market.

Opportunity:

The need for MIS procedures continues to grow because both patients and doctors want patients to get better faster while needing less hospital time plus spending less on medical services. The modern surgical approach causes less injury to tissues and produces less pain because it makes smaller surgical openings instead of using open surgery techniques. Reducing patient recovery time and cutting infection risk through this method improves overall treatment experience. Healthcare institutions now use surgical planning software to improve their pre-operative and operational procedures for minimal invasives surgeries. This medical technology uses advanced picture-based methods and planning systems to display detailed 3D images of patients and test surgical actions without any real surgery. The surgical planning tools help surgeons navigate intricate body anatomy and spot possible challenges to improve MIS results and medical safety which grows the market.

Key Players:

·         3D Systems

·         J Medical Devices

·         Varian Medical Systems

·         Esaote

·         Accuray

·         InTouch Health

·         Elekta

·         Medtronic

·         Brainlab

·         Siemens Healthineers

·         Stryker

·         DePuy Synthes

·         Olympus

·         GE Healthcare

·         Materialise

Recent Development:

·         In October 2023, The FDA granted approval to Sira Medical for February 2024 to develop its AR surgical planning software using CT and MRI results to display holographic patient models.

·         In June 2023, The joint development of a customized operation planning software by SMAIO and NuVasive received FDA 510(k) approval..

Segment Insights:

By Speciality

Among all surgical subfields orthopedic surgery had the top market share of 41.5% in 2023. More people worldwide need orthopedic surgery because bone and muscle injuries increase as the elderly population grows and accidents of various types harm more patients. Osteoarthritis makes elderly patients more at risk of orthopedic surgery since they develop this condition more easily. Source: The World Health Organization informs there are now more people worldwide who have reached 60 years than children under five years. The percentage of elderly citizens from 60 years and older will grow from 12% today to 22% by 2050 based on projections. A larger number of elderly people who need orthopedic surgery has driven this segment's growth.

By Application

Cloud-based solution market controlling 64.6% of total properties and remains on track to surge at the highest annual rate between 2023 and 2029. Medical planning systems process large amounts of data during their operation. Companies gain safe data backup together with professional service support from cloud service providers for strong data protection. Medical facilities benefit more from cloud-based surgical planning software because of this increased use. Medical organizations favor cloud-based solutions because they have trouble finding enough staff with expertise to handle and maintain the software system locally. The increase in on-premises software usage will experience strong business growth through the projected timeframe.

Regional Insights:

The North American surgical planning software business earned 42.4% of market revenue in 2023. The region's growth results from its sophisticated medical facilities and efficient adoption of modern medical technologies. Developed frameworks bring global healthcare businesses to focus on what the healthcare sector in this area can deliver. In May 2023 Formus Labs received FDA approval for its hip replacement preoperative planning 3D software from its medical technology startup base in New Zealand. The company won FDA acceptance to market its program in the United States. Medical institutions in the USA will use surgical planning software more often at a projected annual increase of 6.3% during the expected timeframe. The country sees rising need for surgical equipment while meeting all regulatory requirements. American hospitals need better surgical equipment which sparks product advancement and pushes people to use cutting-edge planning programs for operations. In June 2023 SMAIO earned FDA 510(k) approval for its surgery planning solution which it built along with NuVasive. This software will assist doctors during both surgery preparation and execution to enhance patient results.

Segmentation:

By Speciality

·         Orthopedics

·         Neurosurgery

·         Cardiac Surgery

·         Dental Surgery

·         Maxillofacial Surgery

By Surgical Procedure

·         Joint Replacement

·         Spine Surgery

·         Brain Surgery

·         Heart Surgery

·         Dental Implants

By Type

·         Cloud-Based

·         On-Premise

·         Hybrid

By Image Modality

·         X-ray

·         CT

·         MRI

·         PET

·         Ultrasound

By Region

North America

·         USA

·         Canada

·         Mexico

Europe

·         France

·         UK

·         Spain

·         Germany

·         Italy

·         Rest of Europe

Asia Pacific

·         China

·         Japan

·         India

·         South Korea

·         Rest of Asia Pacific

Middle East & Africa

·         GCC

·         South Africa

·         Rest of the Middle East & Africa

South America

·         Brazil

·         Argentina

·         Rest of South America

What to Expect from Industry Profile?

1.       Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Surgical Planning Software market in the world.

2.       Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Surgical Planning Software market.

3.       Leading company profiles reveal details of key Surgical Planning Software market players’ global operations, strategies, financial performance & recent developments.

4.       Add weight to presentations and pitches by understanding the future growth prospects of the Global Surgical Planning Software market with forecast for the decade by both market share (%) & revenue (USD Million).

FAQ’s

1) Which are the key drivers supporting the growth of the Surgical Planning Software market?

·         Growing need for customized and minimally invasive surgical procedures, advances in technology, and government efforts to enhance healthcare infrastructure are propelling the Surgical Planning Software market.

2) What is the total CAGR expected to be recorded for the Surgical Planning Software market during the forecast period?

·         The Global Surgical Planning Software Market is poised to grow at a CAGR of XX.XX% from 2024 to 2032.

3) What are the challenges faced by the Surgical Planning Software market?

·         The expensive software and implementation cost, unavailability of skilled person, and strict regulatory requirements hinder the growth of the Surgical Planning Software market.

4) Which region is expected to dominate the Surgical Planning Software market?

·         North America is anticipated to lead the Surgical Planning Software market during the forecast period.

5) Who are the major companies dominating the Global Surgical Planning Software Market?

·         3D Systems, J Medical Devices, Elekta, Medtronic, Brainlab, are the major players of the market.

5) What is the estimated market revenue for the Global Surgical Planning Software Market in 2032?

·         The estimated revenue for the Global Surgical Planning Software Market in 2032 is USD XX.XX Million.

6) What is the impact of AI on the Surgical Planning Software market?

·         Artificial Intelligence is transforming the Surgical Planning Software market by making it possible to create more accurate and customized surgical plans, saving time in planning, and making surgical procedures more efficient overall.