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Surgery Simulators Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: December 2023 || SKU: MD3489
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Surgery Simulators Market is segmented By Offerings (Product, Services), By End-User (Academic and Research Institutes, Hospitals, Surgical Clinics, Military Organizations), By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023- 2030.

 

Surgery Simulators Market Overview

[200 Pages Report] The Surgery simulators market size was valued USD billion in 2022 and is estimated to reach USD billion by 2030, growing at a CAGR of 16% during the forecast period (2023- 2030). A surgery simulator is a type of computer technology developed to simulate surgical procedures for training medical professionals, excluding the need of a patient, cadaver or animal. The technology provides the opportunity for medical trainees to practice their surgical skills before entering the operating theatre, allowing detailed feedback and objective assessment of their performance.

Surgery Simulators Market - Strategic Insights

Metrics

Details

Market CAGR

16%

Segments Covered

By Offerings, By End-User, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

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Surgery Simulators Market Dynamics

The surgery simulators market growth is driven by the high adoption of augmented reality and virtual reality technologies, an increasing number of surgeries globally, upsurging emphasis on patient safety and outcomes.

The increasing number of surgeries performed globally is expected to drive the global surgery simulators market growth.

The minimally invasive techniques are becoming the standard of surgical techniques for many surgical procedures quickly. These MIS procedures involve smaller incisions leading to quicker recovery, which helps grow the overall market. For instance, according to Kalorama information, 232 million surgical procedures occur globally as of 2016, of which 20% happens in the United States, indicating a huge healthcare market.

High adoption of augmented reality and virtual reality technologies is expected to drive the global surgery simulators market growth.

The most significant trend in the surgical simulation market is augmented reality (AR) and virtual reality (VR) in such systems to provide 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.

High operating costs and operational challenges are likely to hamper market growth.

High operating costs and operational challenges are the major challenges for the growth of the surgical simulators market. The simulation can be used with commercially available computer gaming hardware that currently costs USD 1,500. In addition, a simulation center requires between $12,000 to $300,000 annually for consumable materials, such as surgical supplies, maintenance, upgrades, and other administrative overhead costs.

COVID-19 Impact Analysis

The COVID-19 pandemic is expected to impact the needle counter market negatively. Following the COVID-19 outbreak in December 2019, the disease has spread to over 100 countries globally, and the World Health Organization has declared it a public health emergency. According to the World Health Organization’s report, the coronavirus (COVID-19) manifestation has resulted in more than 52.7 million infected individuals worldwide as of November 13, 2020. COVID-19 has affected every market globally and has also impacted the global needle counters market in the following ways; by directly affecting production and demand, creating disruptions in distribution channels, and its financial impact on firms and financial markets.

Surgery Simulators Market Segment Analysis

The laparoscopic segment is expected to hold the largest share in this market segment.

Surgeons are found shifting to MIS, primarily laparoscopy and robotic surgery from open surgery. However, the MIS, primarily laparoscopy and robotic surgery, require skilled surgeons to deliver successful procedures. There has been rapid adoption of the MIS in cholecystectomy, appendectomy, gastric bypass, ventral hernia repair, colectomy, prostatectomy, tubal ligation, hysterectomy, and myomectomy procedures. Thus, the increasing MIS surgeries and the need for skilled professionals have propelled the laparoscopic surgical simulators market.

The academic & research institutes segment is expected to hold the largest share in this market segment.

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 to enhance residents' surgical skills 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 to procure advanced surgical training equipment.

Surgery Simulators Market Geographical Share

North America region holds the largest market share of the global surgery simulators market.

Historically, North America was the largest integrator of simulation solutions in the medical training domain, 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. For instance, On August 6, 2019, Mentice AB, a world leader in simulation solutions for endovascular therapies, introduced a software subscription for its VIST endovascular simulation platform to hospitals and health systems. 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.

Surgery Simulators Market companies and Competitive Landscape

The global surgery simulators market is highly competitive with the presence of global companies.  Some of the key players which are contributing to the growth of the market include VirtaMed, Intuitive Surgical, 3D Systems, The Chamberlain Group, OSSimTech, Mimic Technologies, KindHeart, Operative Experience Inc., Simulab Corporation, CAE Healthcare, GUANGZHOU CLEAR HEALTHCARE LIMITED, Henan Labpilot Medical Devices Co., Ltd, Guangzhou Megan Medical Limited, Foshan Jingle Medical Equipment Co., Ltd. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the growth of the market globally. For instance, In December 2017, OSSimTech designed a virtual reality open surgery training simulator to boost surgeon's training skills.

Key Companies to Watch

CAE Healthcare

Overview: CAE Healthcare delivers educational tools that help healthcare professionals provide safe, high-quality patient care. CAE Healthcare is one of the three core businesses of CAE, a global leader in delivering training for the civil aviation, defense and security, and healthcare markets. It has the broadest global presence globally, with over 9,000 employees, 160 sites and training locations in over 35 countries. Each year, it trains more than 220,000 civil and defense crewmembers and thousands of healthcare professionals worldwide.

Key Developments: In January 2016, CAE Inc. introduced NeuroVR, a neurosurgery simulator for realistic training situations for open cranial and endoscopic brain surgery procedures.

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FAQ’s

  • The Projected CAGR value is 16%.

  • VirtaMed, Intuitive Surgical, 3D Systems, The Chamberlain Group, OSSimTech, Mimic Technologies, KindHeart, Operative Experience Inc., Simulab Corporation, CAE Healthcare, GUANGZHOU CLEAR HEALTHCARE LIMITED, Henan Labpilot Medical Devices Co., Ltd, Guangzhou Megan Medical Limited, Foshan Jingle Medical Equipment Co., Ltd.

  • Asia Pacific is the fastest-growing region in the Surgery Simulators Market.

  • North America is the Largest Market Share in Surgery Simulators Market.
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