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    Surgical Simulator Market Analysis | 2021-2026

    Surgical Simulator Market Analysis | 2021-2026
    Report code - SR1443 Published On : Dec,2021 No. of Pages: 120
    Surgical Simulator Market Size, Share, Trends, Forecast, Competitive Analysis, and Growth See more...

    Market Insights

    "The global surgical simulator market was valued at USD 332.7 million in 2021 and is projected to reach USD 736.7 million by 2026, registering a CAGR of 13.6% during the forecast period."

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    What is a surgical simulator?

    A surgical simulator is a device or software program that is designed to replicate surgical procedures, environments, and conditions for the purpose of training surgeons and other medical professionals. Surgical simulators can range from basic physical models, such as mannequins, to complex virtual reality systems that provide a realistic, immersive experience.

    Surgical simulators are used to provide medical professionals with hands-on experience in a safe, controlled environment. They allow trainees to practice procedures and develop the skills necessary to perform surgeries without the risk of harm to living patients. Simulators can also be used to evaluate and improve the skills of experienced surgeons.

    Surgical Simulator Market Report: Overview

    Market Size in 2026

    USD 736.7 million

    Market Size in 2020

    USD 332.7 million

    CAGR (2021-2026)

    13.6%

    Base Year of Study

    2020

    Trend Period

    2016-2019

    Forecast Period

    2021-2026

    Segments Covered

    By Type (Technology-based Simulator [Virtual Reality, Augmented Reality, and Mixed Reality], Model-based Simulator, and Computer-based Simulator)

    By End-Use Type (Academic & Research Institute, Hospitals, and Ambulances)

    By Region (North America, Europe, Asia-Pacific, and the Rest of the World)

    Dominant Region

    North America is expected to remain the largest market share during the forecast period.

    Market Dynamics

    Surgeries are conducted for the treatment of chronic and acute diseases, diagnostic reasons, mending injuries, and improving appearance. The rising volume of such surgeries every year is largely resulting in market growth.

    The rising prevalence of chronic diseases, an increasing number of surgeries, and people's increased disposable money, the demand for surgical simulators is also expanding across the globe.

    Another key market driver for surgical simulators is the growing population of senior citizens (60+ years of age) at a high risk of physical accidents and acute and chronic diseases. Furthermore, as people get older, they become more concerned about their health and appearance, which is why they are increasingly opting for cosmetic procedures, which can be practiced on simulators.

    COVID-19 has put an instant halt to many industries across the globe. Lockdown norms in several countries have swiftly affected the global economy by affecting the supply chain, production, and demand in the market. Both direct, as well as indirect impacts of the pandemic, have been incorporated in this report.

    Segment Analysis

    Product Trends

    "The technology-based surgical simulators accounted for the largest market share."

    The market is segmented by type as technology-based simulators, model-based simulators, and computer-based simulators. In 2020, technology-based surgical simulators accounted for a major share of the pie. The technology-based surgical simulators are further classified as virtual reality (VR) based, augmented reality (AR) based, and mixed reality (MR) based simulators. Among these simulators, VR-based simulators are dominant in the market, followed by the mixed reality-based surgical simulators, whereas AR-based simulators are very few in the market but its market is likely to rise with a growth rate of 17.6% during the period 2021-2026.

    Regional Insights

    "North America accounted for the largest market share."

    North America is expected to remain the largest market for surgical simulators during the forecast period. This region is home to a large number of major companies, such as CAE Inc., Gaumard Scientific, Laerdal Medical, and Nasco Healthcare, which propel the regional market for surgical simulators. Europe and Asia-Pacific are also likely to create sizeable opportunities in the upcoming years, driven by increasing healthcare expenditures in both regions.

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    Key Players

    The following are the key players in the surgical simulator market:

    • Laerdal Medical
    • Nasco Healthcare
    • CAE Inc.
    • 3B Scientific
    • Gaumard Scientific Company Inc.
    • Kyoto Kagaku
    • Limbs & Things
    • Mentice AB
    • Surgical Science
    • Vita Med AG

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

    What deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Surgical Simulator Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

     

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories:

    By Type

    • Technology-based Simulator [Virtual Reality, Augmented Reality, and Mixed Reality]
    • Model-based Simulator
    • Computer-based Simulator

    By End-Use Type

    • Academic & Research Institute
    • Hospitals
    • Ambulances

    By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s surgical simulator market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    A surgical simulator is a device or software program that is designed to replicate surgical procedures, environments, and conditions for the purpose of training surgeons and other medical professionals. Surgical simulators can range from basic physical models, such as mannequins, to complex virtual reality systems that provide a realistic, immersive experience. Surgical simulators are used to provide medical professionals with hands-on experience in a safe, controlled environment. They allow trainees to practice procedures and develop the skills necessary to perform surgeries without the risk of harm to living patients. Simulators can also be used to evaluate and improve the skills of experienced surgeons.

    The surgical simulator market is projected to grow from USD 332.7 million in 2020 to USD 736.7 million by 2026.

    The surgical simulator market is expected to witness an impressive growth of 13.6% CAGR in the coming years.

    Laerdal Medical, Nasco Healthcare, CAE Inc., 3B Scientific, Gaumard Scientific Company Inc., Kyoto Kagaku, Limbs & Things, Mentice AB, Surgical Science, Vita Med AG.

    Surgeries are conducted for the treatment of chronic and acute diseases, diagnostic reasons, mending injuries, and improving appearance. The rising volume of such surgeries every year is largely resulting in market growth.

    North America is expected to remain the largest market share during the forecast period.

    Distributors, suppliers, manufacturers, logistics organizations, and government bodies.