Global Surgical Simulator Market – Industry Trends and Forecast to 2029

Surgical Simulator Market Analysis and Size

The surgical simulator market is expected to grow at a CAGR of 8.00% during the forecast period from 2022 to 2029. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and technological advancements in surgical simulators.

Data Bridge Market Research analyses that the surgical simulator market which was USD 293 million in 2021, would rocket up to USD 542.32 million by 2029, and is expected to undergo a CAGR of 8.00% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Surgical Simulator Market Scope and Segmentation 

Market Definition

A surgical simulator is a piece of medical equipment used to simulate surgery for training reasons. They are employed to perform challenging treatments and instruct surgeons in new approaches. Surgical simulation was created to train medical professionals. It can be done without a patient or an animal. The experience is realistic because to the application of motion sensors and three-dimensional graphics. Users have the ability to physically feel the tissue and the organs and can do the whole surgery on the simulated organs.

Surgical Simulator Market Dynamics

Drivers

• Increasing demand for minimally invasive surgeries

The global surgical simulator market is expected to grow during the forecast period due to the growing demand for minimally invasive surgeries. Minimally invasive surgeries are less risky and cause less pain and trauma as compared to traditional open surgery procedures. This has led to a rise in their adoption, thereby driving the growth of the surgical simulator market.

• Increasing geriatric population

The global geriatric population is rising at a rapid pace and is expected to reach 2 billion by 2050. This will lead to a surge in the number of elderly patients who require surgery, thereby driving the growth of the surgical simulator market.

• Rising prevalence of chronic diseases

The prevalence of chronic diseases such as cancer, heart disease, and diabetes is increasing globally due to changing lifestyles and dietary habits. This has led to an upsurge in demand for surgical procedures, which in turn is fueling the growth ofthe surgical simulator market.

Opportunities

The surgical simulator market's growth is fueled by an Increasing preferences of the patient toward surgical procedures, adoption of minimally invasive surgeries, growing number of geriatric population, surging levels of healthcare expenditure are some of the factors. This will provide beneficial opportunities for the market growth.

Restraints/Challenges

• High operation cost

On the other hand, the high operation cost along with rising operational challenges will obstruct the market's growth rate.

• High cost

Simulators, particularly those with great fidelity, are very expensive in terms of initial purchase price and ongoing maintenance expenditures. As a result, many academic and research institutions as well as teaching hospitals cannot afford them. The market's expansion is predicted to be constrained by this.

This surgical simulator market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the surgical simulator market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Surgical Simulator Market

The COVID-19 epidemic has caused a state of emergency to be declared over the globe. The governments of several countries imposed limitations on unnecessary medical operations in order to preserve PPE and safeguard lives. This ended elective surgery cases everywhere, resulting in a sharp decline in the number of cases available for teaching surgical residents. During the COVID-19 pandemic, the virtual simulation was used to improve and reinforce patient care and procedural skills. With fewer elective procedures and less access for residents to operating rooms, the pandemic has decreased the opportunity for medical training in the conventional apprenticeship process.

Recent Development

• In July 2021, The Rush Center for Clinical Skills and Simulation (RCCSS) and CAE Healthcare announced that they had formed a simulation research relationship to increase patient safety and healthcare education and assist RCCSS's own simulation research programmes. Rush students and business partners now have access to the most cutting-edge medical simulation technologies thanks to this relationship.
• In May 2020, Advanced life support (ALS) systems' current version was replaced when iSimulate introduced "REALITi Go." A portable and affordable alternative to iSimulate's simulated patient monitoring is REALITi Go. It is a part of the REALITi360 simulation ecosystem, a smart, integrated, and modular system that offers more flexibility and advantages than its predecessor ALSi. Defibrillators, patient monitoring, and ventilators are simulated realistically via REALITi Go. Generic patient monitor screen simulators from iSimulate mimic the appearance, sound, and operation of the real thing.
• In February 2020, LapTrainer, a cutting-edge mixed-reality simulator for honing laparoscopic skills, was introduced by VirtaMed AG and KARL STORZ SE & Co. KG. By repeating brief simulation sequences, LapTrainer offers medical practitioners a more effective way to learn essential skills.

Global Surgical Simulator Market Scope

The surgical simulator market is segmented on the basis of offering and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Offering

• Products
• Services

 End User

• Academic
• Research Institutes
• Hospitals
• Surgical Clinics
• Military Organizations

Surgical Simulator Market Regional Analysis/Insights

The surgical simulator market is analysed and market size insights and trends are provided by country, offering and end user as referenced above.

The countries covered in the surgical simulator market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the surgical simulator market due to the adoption of minimally invasive surgeries, rising healthcare expenditure, and growing number of surgeries.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the increasing geriatric population along with rising preferences towards minimally invasive surgeries.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure growth Installed base and New Technology Penetration

The surgical simulator market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for surgical simulator market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the surgical simulator market. The data is available for historic period 2010-2020.

Competitive Landscape and Surgical Simulator Market Share Analysis

The surgical simulator market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to surgical simulator market.

Some of the major players operating in the surgical simulator market are:

• Materialise (Belgium)
• Startasys (Israel)
• CAE Inc. (Canada)
• Surgical Science (Sweden)
• Mentice (Sweden)
• Gaumard Scientific (U.S.)
• Simulab Corporation (U.S.)
• VirtaMed AG (Switzerland)
• 3-Dmed Learning Through Simulation (U.S.)
• Laerdal Medical (Norway)
• 3D Systems, Inc. (U.S.)
• Osteo3d (U.S.)
• Axial3D (U.K.)
• Formlabs (U.S.)

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