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    Surgical Simulator Market Report

    Surgical Simulator Market Report
    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...

    Impact of COVID-19 on Surgical Simulator Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Surgical Simulator Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Highlights

    The global 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. 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. As a result of 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), 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.

    Market Segments' Analysis

    The surgical simulator 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.

    In terms of regions, 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.

    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

    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 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.

    The surgical simulator market is segmented into the following categories: 

    Surgical Simulator Market, by Type

    • Technology-Based Surgical Simulators (Trend and Forecast)
      • VR-Based Surgical Simulators (Trend and Forecast)
      • AR-Based Surgical Simulators (Trend and Forecast)
      • MR-Based Surgical Simulators (Trend and Forecast)
    • Computer-Based Surgical Simulators (Trend and Forecast)
    • Model-Based Surgical Simulators (Trend and Forecast)

    Surgical Simulator Market, by End-Use

    • Academic & Research Institutes (Trend and Forecast)
    • Hospitals (Trend and Forecast)
    • Ambulances (Trend and Forecast)

    Surgical Simulator Market, by Region

    • North America (Trend and Forecast)
    • Europe (Trend and Forecast)
    • Asia-Pacific (Trend and Forecast)
    • Rest of the World (Trend and Forecast) 

    Report 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 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 estimated to grow at a CAGR of 13.6% during 2021-2026.

    Laerdal Medical, Nasco Healthcare, CAE Inc., 3B Scientific, Gaumard Scientific Company Inc., Kyoto Kagaku, Limbs & Things, Mentice AB, Surgical Science, and Vita Med AG are some of the key players in the surgical simulator market.

    North America is estimated to remain dominant in the surgical simulator market in the foreseen future.

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