Surgical Simulation Market Overview
Surgical simulation is a technology that is developed in order to stimulate surgical procedures for the purpose of training healthcare professionals, without using any subject such as a human body or animal. The key concept of surgical simulator is based on the video games that were developed in 1980’s, and now it offers advancements such as three-dimensional graphics, motion sensors for realistic movements in order to simulate the real situation. The trainings conducted to teach how to perform surgeries, using these simulators is known as surgical simulation. The surgical simulation market is growing due to increase in the number of diseases, which has further led to a rise in the requirement of doctors. Doctors need to be trained about surgeries without actually involving a subject. The most common type of surgery that is being explained through this method is laparoscopic surgery, although it has also been used to do a trial run before other kinds of procedures. With public pressure for increased oversight of surgeons in training, prevention of medical errors, reduction in healthcare costs and decreased working hours, current doctors have a very different training experience these days, as compared to the past. Limited working hours have led to a reduced exposure of surgical trainees towards operative procedures and the ability to practice those associated technical skills. Bridging this educational gap has become important, since proficiency based evaluation overtakes the traditional time-based model. Many now look to simulation as the possible solution for deficits emerging in current surgical training and as a way to improve patient safety and possibly overall costs. Surgical simulation is best suited for two types of skills, namely eye-hand coordination and the ability to perform three dimensional actions.
The surgical simulation market is divided on the basis of application and end user. On the basis of application, surgical simulation is applied to various surgeries such as laparoscopic, gynecological, cardiovascular, arthroscopic physiotherapy, occupational therapy and others. The cardiovascular surgery accounts for holds the largest share of the market.
Based on the end user, the market is segmented into hospitals & clinics, rehabilitation centers, academic institutes and military organizations. Hospitals is the fastest growing end user segment in the surgical simulation industry during the forecast period (2017-2023). The start of advanced simulation-based technologies, wide utilization of simulation models in medical surgeries, increasing focus on minimizing errors and cost-effectiveness of procedural training for medical physicians and students are the major factors driving the growth of the surgical simulation market in hospitals.
Surgical Simulation Market Dynamics
Growth Drivers and Restraints
Technological innovations in simulators, rising demand for minimally invasive treatments, increasing focus on the safety of patient and increasing healthcare spending are some of the drivers supporting the growth of surgical simulation market.
According to the Centers for Disease Control and Prevention (CDC), total national health expenditure in the U.S. was $3.0 trillion in 2014, and per capita national health expenditure was $9,523. According to the U.K. Office for National Statistics (ONS), the U.K.’s total healthcare expenditure was $297.8 billion in 2014.
However, limited availability of funds is a key factor restraining the growth of this market, since these simulators require high technology and networking system, in order to teach medical student and surgeons.
Opportunity and Trends
Due to shortage of healthcare personnel, there is demand of specialists who can train medical students and surgeons to perform surgeries through virtual simulation. Thus this factor will act as an opportunity for the players in this market.
The key trend observed in the surgical simulation industry are the use of multidisciplinary approach in the development of simulators and the increasing adoption of surgical simulation in nursing practices.
Surgical Simulation Insights by Geography
North America accounted for the largest share of the surgical simulation market, followed by Europe, Asia-Pacific, and rest of the world, in 2016. Growth in the developed markets in North America and Europe is mainly attributable to the adoption and development of innovative products and the presence of major companies in these regions, which improves the accessibility of healthcare simulation products and services. Whereas in case of Asia-Pacific and Latin America markets, the demand is primarily driven by the growth in the overall surgical simulation industry. With the rapid rise in the number of patients undergoing various complex surgeries as well as the increasing number of hospitals, there will be an ongoing increase in the demand for surgical simulation products in these developing regions to train medical practitioners and students.
Surgical Simulation Competitive Landscape
Due to the rise in various diseases, the requirement of simulators is increasing to teach medical students and professionals, to perform surgeries without the use of a human body. Therefore, the players in the surgical simulation industry are focusing on development of various products in order to teach the surgeons how to deal with various surgeries.
In September 2016, Kyoto Kagaku Co., Ltd launched Laparoscopic Suture Simulator Assessment in order to aid in laparoscopic surgeries.
In May 2016, GMS Rehabilitation launched a new product, ‘The Genny’, which is a self-balancing wheel chair which was included in the Australian Register of Therapeutic Goods, and is approved for use by persons just like an Electric Wheelchair.
In January 2015, Laerdal Medical, a provider of simulation solutions for healthcare, and SonoSim, Inc., a provider of ultrasound education and training, came into partnership for distribution, product development and R&D collaboration which aims at saving lives, reducing healthcare costs, and improving patient outcomes through increasing adoption of ultrasound. The partnership between the two companies made effort to expand the boundaries of team training using simulation and provides medical practitioners a vigorous, high-fidelity ultrasound training and assessment tool.
Major key players in the surgical simulation market include Laerdal Medical, 3D Systems Inc., Gaumard Scientific, Limbs & Things Ltd., Kyoto Kagaku Co. Ltd, Mentice AB, Simulab Corporation, Surgical Science Sweden AB, Simulaids Inc.