Surgical Simulation Market Overview
The global surgical simulation market was valued at $254.7 million in 2017. It is expected to advance at a CAGR of 15.7% during the forecast period, on account of the increasing volume of surgeries, growing geriatric population, rising demand for minimally invasive surgeries, and development of technologically advanced products.
Based on offering, the surgical simulation market is categorized into products and services. Products held a larger share in the market during the historical period, with more than 60% revenue contribution in 2017. The market for this category is driven by the increasing demand for surgical simulators as a result of the growing number of surgeries performed globally.
GLOBAL SURGICAL SIMULATION MARKET, BY OFFERING, $M (2013-2023)
The surgical simulation products market is categorized into endoscopic, laparoscopic, cardiac, gynecological, arthroscopic, neurological, and other simulators. Of these, endoscopic simulators held the largest share in the market in 2017. This can be mainly attributed to the increasing application of these simulators in endoscopic surgery training and the growing number of endoscopic surgeries performed across the globe.
The surgical simulation services market is categorized into educational, training, and other services. Educational services held the largest share in the market in 2017. Market players are increasingly collaborating with academic organizations and medical institutions to provide educational services to healthcare professionals to help them enhance their surgical skills.
Based on end user, the surgical simulation market is categorized into academic and research institutes, hospitals, surgical clinics, military organizations, and others. Academic and research institutes were the largest end-user category in the market during the historical period, accounting for more than 30% revenue in 2017. This can be attributed to the increasing demand for educational training programs in academic and research institutes to enhance the clinical performance of residents.
North America is leading the surgical simulation market, globally. This can be mainly attributed to the increasing collaborations between market players and healthcare organizations to introduce simulation solutions to enhance surgical skills of healthcare professionals, growing number of surgical procedures, and surging healthcare expenditure in the region.
Surgical Simulation Market Dynamics
With the increasing prevalence of chronic diseases, the number of surgeries performed globally is also on the rise. According to the data provided by the World Bank, in 2012, 30,537 surgeries were performed per 100,000 population in the U.S. Similarly, in 2015, the number of surgical procedures performed in Australia was 28,907 per 100,000 population.
According to a publication by the World Health Organization (WHO), around 300 million surgeries were performed globally in 2012. The number is expected to increase in the coming years, due to the increasing prevalence of chronic diseases, such as cardiovascular diseases, diabetes, and arthritis. Chronic diseases require surgical intervention as a therapeutic procedure. Thus, the growing number of surgical procedures is resulting in the high demand for simulation products and services to help prevent or reduce medical errors during surgeries, which, in turn, is contributing to the growth of the surgical simulation market.
Moreover, major companies in the surgical simulation market are investing in the development of technologically advanced products that can help healthcare practitioners enhance their surgical skills. Also, with the advent of robotic surgeries, procedures are demanding higher-level proficiency, which can be achieved through continuous practice with simulators. Thus, the development of advanced simulators is another key factor driving the growth of the surgical simulation market.
A notable trend in the surgical simulation market has been the adoption of augmented reality (AR) and virtual reality (VR) technologies in surgical simulation to enhance the efficiency of medical trainees. Players in the market are increasingly incorporating AR and VR technological platforms into their surgical simulation offerings to offer high-fidelity simulation environment to residents. For instance, in December 2017, VirtaMed AG launched ArthroS Ankle, a VR simulator for ankle arthroscopy. The product offers features, such as adapted original tools, authentic haptic feedback through the life-like anatomic ankle model, realistic VR graphics, and a customizable course structure for proficiency-based learning.
Similarly, in January 2016, CAE Healthcare, a business division of CAE Inc., in partnership with the National Research Council of Canada, launched NeuroVR, a neurosurgery simulator for open cranial and endoscopic brain surgeries. Currently, NeuroVR includes 37 training modules, which cover instrument handling, endoscopy for cranial procedures, and fundamental skills such as tumor resection, debulking, and hemostasis.
Surgical Simulation Market Competitive Landscape
With a number of technological advancements taking place in the surgical simulation industry, the players are introducing new and innovative simulation solutions. For instance, in May 2018, CAE Healthcare and the American Society of Anesthesiologists (ASA) launched Anesthesia SimSTAT - Appendectomy, a screen-based simulation training product. The product is designed to provide physician anesthesiologists with advanced training to manage challenging anesthetic emergencies in patients with acute appendicitis.
Similarly, in January 2017, 3D Systems Corporation introduced advancements in its line of medical training simulators utilizing enhanced VR environments. The new VR functionalities enable the users to practice surgical procedures within a virtual operating room for a realistic and immersive training experience.
Some of the other key players operating in the surgical simulation industry are Mentice AB, Surgical Science Sweden AB, Simulab Corporation, Limbs & Things Ltd., MEDICAL-X, Voxel-Man, VirtaMed AG, Sandor Medicaid Pvt. Ltd., and OSSimTech.