The global surgical simulation market value in 2020 was $366.5 million, and it will witness a 16.9% CAGR between 2021 and 2030, to reach $1,643.7 million by 2030
The market is primarily growing due to Rising Volume of Surgeries: Surgeries are performed for the treatment of chronic and acute diseases, diagnostic purposes, healing injuries, and improving the appearance. Thus, with the surgery volume increasing due to people's rising disposable income and surging prevalence of chronic diseases, the demand for surgical simulators is escalating too.
The boom in the elderly population is another major surgical simulation market driver because this population is at a high risk of physical injuries and acute and chronic diseases. Moreover, older people also worry more about their appearance, which is why they are increasingly opting for aesthetic procedures, the skills for which can be enhanced on simulators.
The COVID-19 pandemic has had a negative impact on the surgical simulation market due to the closure of most of the surgery departments around the world. This, combined with the shutdown of manufacturing facilities and import and export operations (except for essential goods), hampered the trade of surgical simulators.
Products are currently the larger bifurcation in the surgical simulation market, based on offering. The number of surgeries is skyrocketing owing to the increasing prevalence of chronic and acute disease, rising appearance consciousness, and surging cases of physical injuries owing to violence, burns, and accidents. Simulators are widely used by residents and students to learn surgery, as well as by experienced surgeons to improve their skills.
In the coming years, the academic & research institutes category is expected to grow the fastest in the surgical simulation market, on the basis of end user. Such places generate the greatest requirement for surgical simulators to train medical students in the field and prepare them for being actual surgeons.
North America dominated the surgical simulation market in the past on account of the rising number of surgeries, growing chronic disease prevalence and geriatric population, advanced healthcare infrastructure, and favorable medical insurance and reimbursement scenario.
Additionally, the market is driven by the collaborations between healthcare firms and market players for the procurement of such systems.
Adoption of AR and VR technologies in surgical simulation
Increasing collaborations and partnerships
Increasing number of surgical procedures
Development of technologically advanced products
Growing geriatric population
Rising preference for minimally invasive surgeries
Impact analysis of drivers on market forecast
High installation and operational costs of surgical simulation systems
Impact analysis of restraints on market forecast
Growing awareness on surgical simulation
The most-significant companies in the global surgical simulation market include
3D Systems Corporation
Limbs & Things Ltd.
Laparo Sp. z.o.o.
Gaumard Scientific Company Inc.
LAERDAL MEDICAL AS
Surgical Science Sweden AB
Intuitive Surgical Inc.
Simulated Surgical Systems LLC
Key Topics Covered:
Chapter 1. Research Background 1.1 Research Objectives 1.2 Market Definition 1.3 Research Scope 1.4 Key Stakeholders
Chapter 2. Research Methodology 2.1 Secondary Research 2.2 Primary Research 2.3 Market Size Estimation 2.4 Data Triangulation 2.5 Currency Conversion Rates 2.6 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction 4.1 Definition of Market Segments 4.1.1 By Offering 18.104.22.168 Products 22.214.171.124.1 Endoscopic 126.96.36.199.2 Laparoscopic 188.8.131.52.3 Cardiac 184.108.40.206.4 Gynecological 220.127.116.11.5 Arthroscopic 18.104.22.168.6 Neurological 22.214.171.124.7 Others 126.96.36.199 Services 188.8.131.52.1 Educational 184.108.40.206.2 Technical 220.127.116.11.3 Others 4.1.2 By End User 18.104.22.168 Academic & research institutes 22.214.171.124 Hospitals 126.96.36.199 Surgical clinics 188.8.131.52 Military organizations 184.108.40.206 Others 4.2 Market Dynamics 4.2.1 Trends 4.2.2 Drivers 4.2.3 Restraints 4.2.4 Opportunities 4.3 Porter's Five Forces Analysis 4.4 Covid-19 Impact on Surgical Simulation Market 4.5 Value Chain for Surgical Simulators 4.6 Supply Chain of Surgical Simulation Market 4.7 Use of 3D Printing for Surgical Simulator Manufacturing and Other Medical Applications 4.8 Average Spending on Healthcare Professional Training
Chapter 5. Global Medical/Healthcare Simulation Market 5.1 Global Medical/Healthcare Simulation Market 5.2 Global Patient Simulation Market, by Region 5.3 Global Artificial and Traditional Surgical Simulation Market 5.4 Global Tissue-Based Simulation Market
Chapter 6. Global Market Size and Forecast 6.1 By Offering 6.1.1 Surgical Simulation Products Market, by Type 6.1.2 Surgical Simulation Products Market, by Type 6.1.3 Surgical Simulation Services Market, by Type 6.2 By End User 6.3 By Region
Chapter 7. North America Market Size and Forecast 7.1 By Offering 7.1.1 Surgical Simulation Products Market, by Type 7.1.2 Surgical Simulation Services Market, by Type 7.2 By End User 7.3 By Country 7.3.1 U.S. Surgical Simulation Market 220.127.116.11 By offering 18.104.22.168.1 Surgical simulation products market, by type 22.214.171.124.2 Surgical simulation services market, by type 126.96.36.199 By end user 7.3.2 Canada Surgical Simulation Market 188.8.131.52 By offering 184.108.40.206.1 Surgical simulation products market, by type 220.127.116.11.2 Surgical simulation services market, by type 18.104.22.168 By end user
Chapter 8. Europe Market Size and Forecast
Chapter 9. APAC Market Size and Forecast
Chapter 10. LATAM Market Size and Forecast
Chapter 11. MEA Market Size and Forecast
Chapter 12. Competitive Landscape 12.1 Pricing Model of Key Players 12.2 Pricing of Key Products 12.3 Key Start-Ups in Artificial Simulation Industry 12.4 Competitive Analysis of Key Players 12.4.1 Ranking of Key Players 12.4.2 Product Benchmarking of Key Players 12.5 Strategic Development Activities of Key Players 12.5.1 Collaboration and Partnerships 12.5.2 Product Launches 12.5.3 Funding
Chapter 13. Company Profiles 13.1 Business Overview 13.2 Product and Service Offerings 13.3 Key Financial Summary