Global $1.64 Billion Surgical Simulation Market Analysis and Revenue Estimations to 2030: Adoption of AR and VR Technologies in Surgical Simulation Gaining Momentum

DUBLIN, Nov. 30, 2021 /PRNewswire/ -- The "Surgical Simulation Market Research Report: By Offering, End User - Global Industry Analysis and Revenue Estimation to 2030" report has been added to ResearchAndMarkets.com's offering.

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.

Market Dynamics

Trends

• Adoption of AR and VR technologies in surgical simulation
• Increasing collaborations and partnerships

Drivers

• 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

Restraints

• High installation and operational costs of surgical simulation systems
• Impact analysis of restraints on market forecast
• Opportunities
• Growing awareness on surgical simulation

The most-significant companies in the global surgical simulation market include

• CAE Inc.
• Mentice AB
• 3D Systems Corporation
• Simulab Corporation
• Limbs & Things Ltd.
• MEDICAL-X
• Voxel-Man
• VirtaMed AG
• Inovus Ltd.
• eoSurgical Ltd.
• 3-Dmed
• Laparo Sp. z.o.o.
• Gaumard Scientific Company Inc.
• LAERDAL MEDICAL AS
• CATHI GmBH
• Simendo Company
• 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
4.1.1.1 Products
4.1.1.1.1 Endoscopic
4.1.1.1.2 Laparoscopic
4.1.1.1.3 Cardiac
4.1.1.1.4 Gynecological
4.1.1.1.5 Arthroscopic
4.1.1.1.6 Neurological
4.1.1.1.7 Others
4.1.1.2 Services
4.1.1.2.1 Educational
4.1.1.2.2 Technical
4.1.1.2.3 Others
4.1.2 By End User
4.1.2.1 Academic & research institutes
4.1.2.2 Hospitals
4.1.2.3 Surgical clinics
4.1.2.4 Military organizations
4.1.2.5 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
7.3.1.1 By offering
7.3.1.1.1 Surgical simulation products market, by type
7.3.1.1.2 Surgical simulation services market, by type
7.3.1.2 By end user
7.3.2 Canada Surgical Simulation Market
7.3.2.1 By offering
7.3.2.1.1 Surgical simulation products market, by type
7.3.2.1.2 Surgical simulation services market, by type
7.3.2.2 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

For more information about this report visit https://www.researchandmarkets.com/r/tocyo2

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