North America Holds Significant Share of Surgical Simulation Market

Introduction

Surgical simulation is a method of simulating surgical procedures for training medical professionals. The market of surgical simulators is growing as it avoids the use of patients for practice and ensures that trainees have had a practice before treating humans. Simulation is becoming popular as it helps in improving the skills. According to supply chain studies of Knowledge Sourcing Intelligence, the market is segmented by application, end-user, and geography. By application, the market is segmented into laparoscopy surgical simulation, gynecology surgical simulation, endoscopic surgical simulators, cardiovascular surgical simulation, arthroscopic physiotherapy surgical simulation, neurological surgical simulators, and other surgical simulation. By end-user, the market is segmented into hospitals and research & academic institutions.

Drivers and restraints of Surgical Simulation Market

The rapidly growing healthcare industry in many regions across the globe is fuelling the adoption of advanced technologies by various healthcare organizations to provide better patient care. The market growth of surgical simulators is boosted due to the increasing adoption of surgical simulators to eliminate the risk of failure during surgeries. Increasing investments by the key players in R&D activities and technological advancements are increasing the capabilities and reliability of the simulators thereby propelling the surgical simulation market growth. However, factors such as technological problems, real-time response and computing strength, and high cost of the simulators may restrain the growth of the market.

Investment by key players for developing the new and technologically advanced product is expected to increase the surgical simulation market size. Increasing adoption of AR and VR technologies in the surgical simulators to improve the efficiency of the trainees is expected to fuel the growth of the market.

Market Segmentation

Among the end-users, the hospital segment is expected to have a significant share on account of comprehensive utilization of simulation models during medical surgeries, efforts to reduce errors, focus on patient safety adoption of cost-effective means of training medical students and surgeons. Research and academic students segment is expected to grow at a rapid pace owing to increasing demand for simulators to enhance the skills of the trainees.

North America is projected to account for the significant share in the global surgical simulation market share. The presence of key players in the regions has improved the accessibility of simulation products, rising aging population, and the untapped the vast potential of the region are the factors that have been instrumental for the growth of the surgical simulation market in North America. The market of Asia Pacific region is expected to witness growth in the forecast period owing to the shift of key players to the region and booming healthcare sector in the region.

Surgical simulation market is fragmented with hundreds of manufacturers. The players are expanding globally to mirror their customers’ requirement. As a result, they are increasingly integrating with other players. The key players include CAE Inc., Gaumard Scientific Company, Inc., Simulab Corporation, Surgical Science Sweden AB and 3B Scientific among others.

Key Questions Answered in This Report:

      ·         What are the key regions having a significant market share of the market?

      ·         What are the drivers and restraints of the market?

      ·         Who are the key market players in the market?

      ·         What is the market segmentation of the surgical simulation market?

      ·         Who are the end-users of the market?