Global $600+ Mn Surgical Simulation Markets to 2023 - Growing Adoption of AR and VR Technologies in Surgical Simulation

DUBLIN, Feb. 12, 2019 /PRNewswire/ --

The "Surgical Simulation Market by Offering, by End User, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.

Surgical simulation market is forecasted to generate revenue of $608.3 million by 2023, the market growth is mainly driven by technological advancements, growing geriatric population, and rising number of surgical procedures performed globally.

The surgical simulation market includes endoscopic, laparoscopic, cardiac, gynecological, arthroscopic, neurological, and other simulators. Of these, the fastest growth in the market during the forecast period is expected from endoscopic simulators. The market for this category is majorly driven by the growing popularity of endoscopic surgeries leading to increased adoption of simulators to train for endoscopic surgeries.

The surgical simulation market also includes educational, training, and other services. Of these, the market for educational services is expected to showcase the fastest growth during the forecast period, at a CAGR of more than 15.0%, on account of the increasing adoption of surgical simulation solutions in healthcare organizations for educating medical students, surgeons, and other healthcare professionals on surgical skills.

During the forecast period, academic and research institutes are expected to be the fastest-growing end-user category in the surgical simulation market. Increasing adoption of surgical simulation solutions in academic and research institutions for training purposes is supporting the market growth of this category.

During the forecast period, the surgical simulation market is expected to witness the fastest growth in APAC, on account of the increasing medical tourism and growing geriatric population in the region. Additionally, major players, as part of their business strategy, are investing in the untapped markets of the region, which, in turn, is contributing to the market growth.

According to a report by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), approximately 12.4% of the regional population was 60 years or older in 2016, and this population of elderly people is expected to reach 1.3 billion by 2050. Since geriatric population is more susceptible to injuries requiring surgical interventions, as compared to younger people, the demand for surgical simulation products and services is expected to be high in the region in the coming years.

Major players in the surgical simulation market are entering into partnerships with various healthcare organizations to introduce new simulation solutions.

For instance, in January 2018, CAE Healthcare entered into an international training partnership with the American Heart Association (AHA) to establish a network of international training sites to deliver lifesaving AHA courses around the world. Currently, CAE Healthcare offers AHA courses, such as emergency cardiovascular care in basic life support, advanced cardiac life support, and pediatric advanced life support, in the CAE Brunei Multi-Purpose Training Centre in Brunei Darussalam.

Similarly, in 2017, CAE Healthcare and the Northern Alberta Institute of Technology (NAIT) entered into a simulation research partnership to improve healthcare education and safety and support NAIT's simulation research initiatives.

Key Topics Covered:

Chapter 1. Research Background

Chapter 2. Research Methodology

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 Laparoscopic surgical simulators
4.1.1.1.2 Endoscopic surgical simulators
4.1.1.1.3 Neurological surgical simulators
4.1.1.1.4 Gynecological surgical simulators
4.1.1.1.5 Cardiac surgical simulators
4.1.1.1.6 Arthroscopic surgical simulators
4.1.1.1.7 Others
4.1.1.2 Services
4.1.1.2.1 Educational services
4.1.1.2.2 Technical services
4.1.1.2.3 Others
4.1.2 By End User
4.1.2.1 Academic and 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
4.2.1.1 Adoption of AR and VR technologies in surgical simulation
4.2.2 Drivers
4.2.2.1 Increasing number of surgical procedures
4.2.2.2 Development of technologically advanced products
4.2.2.3 Growing geriatric population
4.2.2.4 Increasing demand for minimally invasive surgeries
4.2.2.5 Impact analysis of drivers on market forecast
4.2.3 Restraints
4.2.3.1 High installation and operational costs of surgical simulation systems
4.2.3.2 Impact analysis of restraints on market forecast
4.2.4 Opportunities
4.2.4.1 Increasing collaborations to reduce medical errors
4.2.4.2 Growing awareness about surgical simulation in emerging countries
4.3 Porter's Five Forces Analysis

Chapter 5. Global Market Size and Forecast

Chapter 6. North America Market Size and Forecast

Chapter 7. Europe Market Size and Forecast

Chapter 8. APAC Market Size and Forecast

Chapter 9. LATAM Market Size and Forecast

Chapter 10. MEA Market Size and Forecast

Chapter 11. Competitive Landscape
11.1 Competitive Analysis of Key Players
11.1.1 Market Positioning of Key Players
11.1.2 Product Benchmarking of Key Players
11.2 Global Strategic Developments of Key Players
11.2.1 Product Launches
11.2.2 Partnerships
11.2.3 Client Wins
11.2.4 Other Developments

Chapter 12. Company Profiles

• CAE Inc.
• Mentice AB
• Surgical Science Sweden AB
• 3D Systems Corporation
• Simulab Corporation
• Limbs & Things Ltd.
• MEDICAL-X
• Voxel-Man
• VirtaMed AG
• Sandor Medicaids Pvt. Ltd.
• OSSimTech

For more information about this report visit https://www.researchandmarkets.com/research/2pnwlq/global_600_mn?w=5

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