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    Surgical Simulator Market Analysis

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

    Market Insights

    The Surgical Simulator Market was valued in 2020 was US$ 332.7 million, and it is likely to witness a growth by CAGR of 13.6%, during 2021-2026, to reach $736.7 million by 2026. 

    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 are also expanding across the globe.

    Another key market driver for surgical simulators is the growing population of senior citizens (60+ years of age), who are 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.

    Segment Analysis

    By type

    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 Analysis

    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.

    Know which region offers the best growth opportunities, Register Here.

    Market Segmentation

    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.

    Report – Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    14

    No. of Figures & Tables

    >150

    Company Profiles

    10

    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

    Want to get more details about the segmentations, Click here.

    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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors. 

    Surgical Simulator Market Features

    Market Size in 2026

    USD 736.7 Million

    Market Size in 2020

    USD 332.7 Million

    Market Growth (2021-26)

    13.6% CAGR

    Base Year of Study

    2020

    Trend Period

    2015-2019

    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 Rest of the World).

    Top Companies in 2021

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

    Dominant Region

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

    Target Audience

    Here is the list of the group of customers that the surgical simulator market hopes to have the greatest opportunity to convert-

    • Distributors
    • Suppliers
    • Manufacturers
    • Logistics organizations
    • Government bodies

    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.

    Report Customization

    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 the 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)

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

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

    VR-based simulators are dominant in the market.

    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.

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

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