Global Surgical Simulation Market – Analysis and Forecast (2018-2024)

Industry Insights by Offerings (Products (Endoscopic Surgical Simulators, Gynecological Surgical Simulators, Laparoscopic Surgical Simulation, Neurological Surgical Simulators, Arthroscopic Surgical Simulators, Cardiac Surgical Simulators, and Others) and Services (Technical Services, Educational Services, and Others)), and by End User (Hospitals, Military Organizations, Academic and Research Institutes, Surgical Clinics and Others)

Status : Upcoming
Report Code : VRHC1083
Available Format : PDF
Industry : Healthcare

Industry Overview

Surgical care is essential for managing diverse health conditions. Simulation is an immersive, practical technique of learning technical skills. Surgical simulation is a technology developed to simulate surgical procedures for training medical professionals. The global surgical simulation market is growing at a significant rate, due to a mounting number of surgical procedures, and escalating demand for minimally invasive surgeries.

Different offerings such as endoscopic surgical simulators, gynecological surgical simulators, laparoscopic surgical simulation, technical services, educational services, and others contributed to the surgical simulation market size. The market has witnessed high demand for endoscopic surgical simulators due to the escalating requirement for surgical simulators leading to the mounting application of simulators in endoscopic surgery training and the escalating number of endoscopic surgeries executed.

Market Segmentation

Insight by Offerings

On the basis of offerings, the market is subdivided into products and services. Of all offerings, product segment accounted for the larger share in the market due to the escalating requirement for surgical simulators leading to a mounting number of surgeries executed globally.

The products segment is further subdivided into endoscopic surgical simulators, gynecological surgical simulators, laparoscopic surgical simulation, neurological surgical simulators, arthroscopic surgical simulators, cardiac surgical simulators, and others. Among all the endoscopic surgical simulators accounted the largest share in the market due to the mounting application of simulators in endoscopic surgery training, and the escalating number of endoscopic surgeries.

The services segment is further subdivided into technical services, educational services, and others. Among all services, the educational services accounted the largest share in the market due to progressively collaborating with academic organizations and medical institutions to offer educational skills to healthcare professionals to assistance them advance their surgical skills.

Insight by End User

The different end users of the market are hospitals, military organizations, academic and research institutes, surgical clinics and others. The mounting requirement for educational training programs in academic and research institutes to advance the clinical performance is the factor growing the demand for academic and research institutes. Among all end users, the academic and research institutes accounted the largest share in the surgical simulation market.

Industry Dynamics

Industry Trends

Implementation of virtual reality and augmented reality technologies in the surgical simulation is the trend in the surgical simulation market.

Growth Drivers

A mounting number of surgical procedures, escalating demand for minimally invasive surgeries, mounting healthcare expenditure, and expanding geriatric population are the primary growth drivers for surgical simulation market.

Moreover, the swiftly progressing surgical simulation market provides medical students, nurses, doctors, and other healthcare professionals with numerous simulation products and services to accompaniment the imitation of reality allowing examination of promising changes, experiencing situations. The initiation of simulation in healthcare has drastically decreased the number of deaths owing to insecure care. In addition, the performance of clinicians has enhanced with the use of simulation techniques.

Growing awareness about the surgical simulation in emerging countries, development of technologically advanced products and escalating collaborations to reduce medical errors are also facilitating the growth of the surgical simulation market.

Challenges

High operating cost and operational challenges are the major challenges for the growth of surgical simulation market.

Industry Ecosystem

Globally, the manufacturing companies trying to enter the surgical simulation market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier to the entry of new players. This offers an edge to the established players in the industry competition.

Geographic Overview

Geographically, North America is the largest surgical simulation market as in the region the number of surgeries is increasing. In addition, mounting healthcare expenditure, and escalating inclination towards minimally invasive procedures are also up surging growth of the North American surgical simulation market.

Asia-Pacific is observed to witness the fastest growth in the market, due to expanding the geriatric population. In addition, mounting healthcare expenditure, and escalating inclination towards minimally invasive procedures are also creating a positive impact on the surgical simulation market growth in the region.

Competitive Insight

Key players in the surgical simulation market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In December 2017, OSSimTech designed virtual reality open surgery training simulator to boost surgeon’s training skills.

In January 2016, CAE Inc., introduced NeuroVR, a neurosurgery simulator for realistic training situation for open cranial and endoscopic brain surgery procedures. Limbs & Things Ltd., CAE Inc., VirtaMed AG, Mentice AB, Surgical Science Sweden AB, Voxel-Man, 3D Systems Corporation, MEDICAL-X, Simulab Corporation, and OSSimTech are the key players offering surgical simulation.

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