Surgical Simulation Market Research Report: By Offering (Products {Endoscopic, Laparoscopic, Cardiac, Gynecological, Arthroscopic, Neurological}, Services {Educational, Technical}), End User (Academic and Research Institutes, Hospitals, Surgical Clinics, Military Organizations) - Global Industry Analysis and Growth Forecast to 2030

  • Published: May 2020
  • Report Code: LS11131
  • Available Format: PDF
  • Pages: 193

Product Offerings Generate Higher Revenue in Surgical Simulation Market

Valuing $337.4 million in 2019, the global surgical simulation market size is predicted to display a CAGR of 16.4% during 2020–2030. The major reasons driving the demand for such solutions are the rising surgery volume, increasing popularity of minimally invasive surgeries (MISs), expanding geriatric patient pool, and swift advancements in the medical device technology. Surgical simulation hardware and software are used to create realistic situations, for students to acquire the necessary operative skills and surgeons to sharpen theirs, for better patient outcomes.

Surgical Simulation Market

Segmentation Analysis of Surgical Simulation Market

Till now, products have been the larger revenue contributor to the market, on the basis of offering. This is credited to the increasing volume of surgeries around the world, which is leading to the surging demand for training via simulation.

The academic & research institutes classification, based on end user, is predicted to witness the fastest growth in the surgical simulation market in the immediate future. This would be because of the consistently high demand for simulators, in order to enhance the surgical skills of residents, before they start operating in reality. Furthermore, the number of such educational institutes is rising, and the government in various countries is offering funds to academic and research institutes for the procurement of advanced surgical training equipment.

North America was the largest integrator of simulation solutions in the medical training domain, historically, as equipment and software vendors are increasingly collaborating with research and medical centers. Further, with the rising healthcare expenditure and surgery volume, all types of establishments, from research institutes to hospitals, are procuring simulators.

Surgical Simulation Market

Integration of Augmented Reality (AR) and Virtual Reality (VR) Is Most Prominent Market Trend

The most significant trend in the surgical simulation market is the adoption of augmented reality (AR) and virtual reality (VR) in such systems, with the aim of providing better training. For instance, VirtaMed AG and KARL STORZ SE & Co. KG introduced LapTrainer, a mixed reality simulator, in February 2020. Via repeating, short simulation sequences, the system offers medical trainees and professionals increased efficiency in their skills. In the same vein, in January 2019, ImmersiveView Surgical Planning (IVSP) was launched by ImmersiveTouch Inc. This is a suite of real-time, VR-integrated solutions for patient engagement, personalized surgical planning, and surgical training. Apart from bettering the patient outcomes, the IVPS has also been designed to speed up the surgery, reduce costs, and enhance pre-operative planning.

Rising Geriatric Population is Most Powerful Market Growth Driver

The most impactful growth driver for the surgical simulation market is the increase in the population of the elderly. As per the American Geriatrics Society (AGS), over 20% of the U.S. population would be above the age of 65 by 2030. Similarly, the United Nations says that by 2050, the number of people in the age group of 60 and above would be 437 million, 324 million, 107 million, and 58 million, in China, India, the U.S., and Brazil, respectively. In comparison to younger people, the elderly are more prone to chronic health issues, such as renal disorders, heart diseases, diabetes, cancer, and musculoskeletal dysfunction. Therefore, such people require regular medical intervention, often in the form of surgeries, thereby propelling the demand for simulators at institutes and hospitals.

Surgical Simulation Market

Developing Countries Offer Lucrative Opportunities to Market

There are lucrative opportunities for the surgical simulation market in developing countries, where the awareness about this training technique is rapidly surging. Conferences are being organized in emerging economies to boost the knowledge of the medical community about the benefits of simulation-driven surgical training. For instance, the World Academy of Science, Engineering and Technology is set to host the International Conference on Healthcare Simulation Technologies and Error Prevention (ICHSTEP) in Tokyo, Japan, in November 2020. The event will feature medical practitioners, scientists, and research scholars talking about the latest simulation techniques, high-efficiency scanners, and advantages of this training method. Similarly, the S3 Conference, organized by the SingHealth Duke-NUS Institute of Medical Simulation (SIMS) in Singapore, in November 2017, brought together over 400 medical simulation technology specialists, healthcare practitioners, and industry partners.

Surgical Simulation Market Report Coverage
Report Attribute Details
Historical Years 2014-2019
Forecast Years 2020-2030
Market Size by Segments Offering, End User
Market Size of Geographies U.S., Canada, Germany, France, U.K., Italy, Spain, Japan, China, India, Latin America, Middle East and Africa
Market Players CAE Inc., Mentice AB, 3D Systems Corporation, Simulab Corporation, Limbs & Things Ltd., MEDICAL-X, Voxel-Man, VirtaMed AG, OSSimTech, Inovus Ltd., eoSurgical Ltd., 3-Dmed, Laparo Sp. z.o.o., Gaumard Scientific Company Inc., LAERDAL MEDICAL AS, CATHI GmBH, Simendo Company, Surgical Science Sweden AB

Product Launches Proving Effective in Increasing Players’ Market Presence

In recent years, product launches have proven useful for companies to increase their presence in the surgical simulation domain, as they allow the firms to showcase their latest technologies and target an increasing customer base.

For instance, in July 2019, an ultrasound-guided shoulder injection trainer was introduced by Limbs & Things Ltd. It offers training for common shoulder issues related to the subdeltoid bursa, glenohumeral joint, biceps tendon sheath, and acromioclavicular joint, to specialist trainees and postgraduates.

In the same vein, in November 2018, 3D Systems Corporation unveiled its Simbionix ARTHRO Mentor Express training simulator. This anatomical model includes courses in shoulder arthroscopy in the beach chair and lateral positions, knee arthroscopy in the flexed and extended positions, and hip arthroscopy in the supine position.

The major firms in the global surgical simulation market are CAE Inc., Mentice AB, 3D Systems Corporation, Simulab Corporation, Limbs & Things Ltd., MEDICAL-X, Voxel-Man, VirtaMed AG, OSSimTech, Inovus Ltd., eoSurgical Ltd., 3-Dmed, Laparo Sp. z.o.o., Gaumard Scientific Company Inc., LAERDAL MEDICAL AS, CATHI GmBH, Simendo Company, and Surgical Science Sweden AB.

Market Size Breakdown by Segment

The surgical simulation market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.

Based on Offering

  • Products
    • Endoscopic
    • Laparoscopic
    • Cardiac
    • Gynecological
    • Arthroscopic
    • Neurological
  • Services
    • Educational
    • Technical

Based on End User

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

Geographical Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific (APAC)
    • Japan
    • China
    • India
  • Latin America (LATAM)
  • Middle East and Africa (MEA)
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