The global Surgical Simulation market size is expected to be worth around US$ 935.2 million by 2030, according to a new report by Vision Research Reports.
The global Surgical Simulation market size was valued at US$ 260 million in 2020 and is anticipated to grow at a CAGR of 17.1% during forecast period 2022 to 2030.
|Market Size||US$ 935.2 million by 2030|
|Growth Rate||CAGR of 17.1% From 2022 to 2030|
|Largest Market||North America|
|Forecast Period||2022 to 2030|
|Segments Covered||Specialty, Material, End-use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Materialise; Startasys Ltd.; Canadian Aviation Electronics, Ltd.; Surgical Science; Mentice; Gaumard Scientific; Simulab Corporation; VirtaMed AG; 3-Dmed; Laerdal Medical; 3D Systems, Inc.; Osteo3d; Axial3D; Formlabs|
Rising preference for minimally invasive surgical procedures, increasing focus on patient safety, and growing geriatric population are boosting the market growth. With the growing geriatric population, the problem of surgery for these patients has become increasingly important. With the constant aging population, there arises a need for technology-driven surgical simulation to help avoid or diminish medical errors during surgeries, which, in turn, is contributing to the market growth.
Due to technological advancements, 3D printing has gained traction in the medical field in recent years. The applications of 3D printing technology have grown from using 3D models to augment patient education to patient-specific. Moreover, 3D-printed surgical simulators have many advantages over other forms of simulation. Thus, the rising acceptance of 3D printing in surgical simulation contributes to market growth.
By Specialty Analysis
The orthopedic surgery segment is expected to account for the largest revenue share of over 31% in 2020. There is an increase in the number of cases of orthopedic conditions, including osteoporosis, osteoarthritis, rheumatoid arthritis, and ligamentous knee injuries globally.
The neurosurgery segment is anticipated to witness lucrative growth over the forecast period. Growing awareness about neurological disorders, obtainable treatment options in the market, and emerging healthcare infrastructure are the key factors driving the segment growth.
By Material Analysis
The plastic segment accounted for the largest revenue share of over 65% in 2020.The increasing adoption of 3D printing technologies and the benefits offered by plastics are expected to propel the segment growth.
Some of the commonly used metals in surgical simulators include stainless steel, copper, titanium, aluminum, magnesium, cobalt-chromium, and others. the presence of local market players and the need for cost-effective surgical simulators is estimated to contribute to the segment growth over the coming years.
By End-use Analysis
The hospital segment accounted for the maximum revenue share of more than 42% in 2020. The developing healthcare infrastructure, growing demand to enhance the pre-planning of complex surgeries, and improved surgical outcomes are expected to contribute to the segment growth in the coming years.
The specialty center segment is anticipated to show lucrative growth over the forecast period. The highest growth of adoption of simulation techniques and growing public-private partnerships in the healthcare industry is estimated to fuel the segment growth in the coming years.
By Regional Analysis
North America dominated the market in 2020 with a revenue share of more than 34% due to the presence of key market players, such as CAE Healthcare, 3D Systems, Inc., and others. The early adoption of advanced technologies and product innovation by market players further facilitated the growth of the market.
In Asia Pacific, the market for surgical simulation is expected to register the fastest CAGR over the forecast period. This is attributed to the growing geriatric population, increased healthcare expenditure, high awareness about surgical simulation, and supportive government initiatives. The
Canadian Aviation Electronics, Ltd.
3D Systems, Inc.
Cardiac Surgery/Interventional Cardiology
Middle East and Africa (MEA)
The Surgical Simulation market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Surgical Simulation market for the base year 2020 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Surgical Simulation market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Surgical Simulation market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Surgical Simulation market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Surgical Simulation capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Surgical Simulation by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Surgical Simulation market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Surgical Simulation market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Surgical Simulation market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Surgical Simulation industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Surgical Simulation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Surgical Simulation market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Surgical Simulation market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Surgical Simulation market. These factors have benefited the growth of the global market for Surgical Simulation. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Surgical Simulation. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Surgical Simulation are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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