Surgical Simulation Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The Surgical Simulation market is predicted to grow at a significant rate between 2021 and 2027. The rise in government initiatives related to the safety of the patient is attributed to the growth of the surgical simulator market. Moreover, the increasing number of surgical procedures positive impact on the market for medical simulators. For instance, as per the OECD stats, the total number of surgical procedures accounted in Canada was 411,668 in 2019, an increase from 396,218 in 2017. Owing to the safety of the patient, the demand for proper training among health care professionals is increasing coupled with the technological advancements in the simulation industry revolutionized the market for surgical simulators.

According to ‘UnivDatos Market Insights (UMI)’ research report “Surgical Simulation Market Analysis, 2020”, the Surgical Simulation market is projected to grow at a CAGR of ~15% during 2021-27F. The world is facing the rising prevalence of chronic diseases due to the changing lifestyle, and contaminated environment which embeds pressure on bureaucrats and on the medical facilities that contribute to the increasing demand for healthcare technologies and solutions across the globe. Furthermore, the continuous surging medical investments by the developed and developing nations increases the demand for the medical professionals and the devices along with the need for proper training equipment also increases such as simulation devices. A 16.5% increase was observed in the per capita investment in the healthcare sector by the U.S. between 2015 and 2019 which accounted for US$ 9498.3 in the former year and increased to US$ 11,071.7 in the latter year.

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Based on Specialty, the market is segmented into cardiac surgery, gastroenterology, neurosurgery, orthopedic surgery, and others.  In 2020, orthopedic surgery dominated the market. Rapidly changing lifestyles, the prevalence of lifestyle-associated disorders including deformed posture is increasing, which, in turn, boosts the incidences of orthopedic diseases. Moreover, the increasing complexity of the surgeries resulted in the requirement of the proper training for the healthcare professionals, attributes to the growth of the surgical simulation market.

On the basis of End-users, the market is categorized into academic institutes, hospitals, and others. Amongst them, the academic institutes are expected to witness significant growth during the forecast period. Increasing awareness regarding patient safety and a rapidly rising number of medical institutes around the world are the key factors for the future growth of the market. For instance, in India 386 medical colleges were present in 2014 that number increased by 220 and reached 606 in 2022. Moreover, the increasing focus on medical errors leads to the induction of the proper training programs at the foundation level. Furthermore, the proper infrastructure for learning in the academic institutions owing to their significant market share in the foreseeable future.

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North America to witness Significant Growth

•             For a better understanding of the market adoption of the Surgical Simulation Industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of APAC), and Rest of World. During the forecast period, North America is expected to have a higher CAGR due to the ongoing development of advanced products using AI and AR coupled with growing healthcare expenditure, which has fueled manufacturing output levels, positively influencing the global surgical simulation industry landscape. Additionally, soaring health consciousness among people and the availability of improved healthcare infrastructure are attributed to the growth of the simulation market in the region.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Surgical Simulation Market are CAE Inc., Laerdal Medical,3D Systems, Gaumard Scientific, Limbs & Things ., Surgical Science Sweden AG, Kyoto Kagaku, Mentice AB, Intelligent Ultrasound Group Plc, Simulab Corp. The players are focused on launching new solutions and services, partnerships, and collaborations with major companies expanding their geographical reach to get a competitive edge in the industry.

 “Surgical Simulation Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for surgical simulation providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of go to Market Strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1.      By Specialty (Cardiac Surgery, Gastroenterology, Neurosurgery, Orthopedic Surgery, And Others)

2.      By End User (Academic Institutes, Hospitals, And Others)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (CAE Inc., Laerdal Medical,3D Systems, Gaumard Scientific, Limbs & Things., Surgical Science Sweden AG, Kyoto Kagaku, Mentice AB, Intelligent Ultrasound Group Plc, Simulab Corp..)

Key questions answered in the study:

1.      What are the current and future trends in the Surgical Simulation industry?

2.      How the industry has been evolving in terms of specialty and end-users areas?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the surgical simulation industry?

5.      What are the customer orientation, purchase behavior, and expectations from the surgical simulation firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 IMPACT OF COVID-19 ON THE SURGICAL SIMULATION MARKET

6 SURGICAL SIMULATION MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY SPECIALITY

8 MARKET INSIGHTS BY END-USER

9 MARKET INSIGHTS BY REGION

10 SURGICAL SIMULATION MARKET DYNAMICS

11 SURGICAL SIMULATION MARKET OPPORTUNITIES

12 SURGICAL SIMULATION MARKET TRENDS

13 POLICY AND REGULATORY LANDSCAPE

14 DEMAND AND SUPPLY-SIDE ANALYSIS

15 COMPETITIVE SCENARIO

16 COMPANY PROFILED

17 DISCLAIMER

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