Surgical Simulation Market

Surgical Simulation Market Outlook (2022-2032)

Surgical Simulation Market analysis report by Persistence Market Research shows that global sales of Surgical Simulation Market in 2021 was held at US$ 304.1 Mn. With 24.1% CAGR, the market is projected to reach a valuation of US$ 3.1 Bn by 2032. Market revenue through polymer is expected to be the highest and is projected to grow at a CAGR of over 26.3% during 2022 – 2032.

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Revenue of Surgical Simulation Market from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032

As per the Surgical Simulation Market research by Persistence Market Research - a market research and competitive intelligence provider, historically, from 2017 to 2021, market value of the Surgical Simulation Market increased at around 19.8% CAGR.

The rising number of surgical operations, expanding geriatric population, and increased desire for minimally invasive surgeries are contributing to the market's rise.

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Which Factors are Propelling Surgical Simulation Demand?

The increase in the usage of medical simulation is mostly due to the rise in the use of simulations in healthcare; an increase in mortality because of medical errors and the need to improve patient safety outcomes. Virtual and augmented reality is becoming increasingly popular, and they have been demonstrated to be effective for education and communication in healthcare simulation programs. Virtual reality, for example, can be used to aid faraway students in conducting operations and other activities together. This allows the trainees to use their knowledge and improve their mistakes.

Also, there has been a paradigm change in surgical treatments in recent years, from traditional operations to minimally invasive surgeries such as mannequin-based core knowledge training, which simulates first-burn surgical treatment. Minimally invasive procedures are video-assisted, resulting in greater operational precision, and reduced post-operative discomfort. Besides, they require fewer incisions and minimal scarring, which aids in preserving the organ's natural structure without deforming its cellular layers.

Furthermore, the number of individuals suffering from chronic illnesses is increasing over time, which increases the demand for surgical simulators. According to World Health Organization, chronic illnesses account for 71% of all fatalities worldwide, amounting to 41 million deaths each year. Chronic illnesses are progressively becoming a serious health issue in Asian countries. These aspects together contribute to the growing demand of surgical simulators among healthcare professionals and academic institutions.

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Which Region is projected to Offer the Largest Opportunity for Surgical Simulation Market?

During the projected period, North America is expected to hold the largest share in the global Surgical Simulation Market with a market of nearly US$ 1 Bn by 2032. This is due to their focus to reduce medical errors, the presence of prominent companies, a rise in health expenditures, technological developments, and an increase in government activities in the region.

Several prominent companies including CAE Inc., Laerdal Medical, Gaumard Scientific Company, and Nasco HealthCare, are present in the region, making it the growth engine of the global healthcare simulation market. Most healthcare simulation companies have an influence in the region to meet the needs of academic and research institutes, as well as hospitals.

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Country-wise Analysis

U.S. Surgical Simulation Market Analysis

The United States is expected to account for the highest market of US$ 929.5 Mn by the end of 2032, growing at a CAGR of 24.2% during 2022 – 2032. The market in the country is projected to register an absolute dollar opportunity of US$ 820.8 Mn during 2022 - 2032.

U.K. Surgical Simulation Market Analysis

The surgical simulation market in the U.K. was valued at US$ 14 Mn in 2021. The market in the country is expected to reach nearly US$ 147 Mn by 2032. During 2022 – 2032, the market is likely to witness an absolute dollar opportunity of US$ 129.4 Mn, growing at a CAGR of 23.9%

Japan Surgical Simulation Market Analysis

The surgical simulation market in Japan is projected to reach a valuation of US$ 117.6 Mn by 2032, growing at a CAGR of 25.9% during 2022 – 2032. The market is likely to garner an absolute dollar opportunity of US$ 105.9 Mn during 2022 – 2032.

South Korea Surgical Simulation Market Analysis

The market in South Korea is expected to reach a US$ 58.3 market value by 2032, growing at a CAGR of 23.1% during 2022 - 2032. During this period, the market is likely to gross an absolute dollar growth of US$ 51.1 Mn.

Category-wise Insights

Why is Polymer to Witness Fastest Growth among Surgical Simulation Market by Material Type?

The Polymer segment is forecasted to grow at the highest CAGR of over 26.3% during 2022-2032. 3D printing injection molds and casting anatomically precise polymer components were recently used to produce the simulation of a carotid stenting operation named TransCarotid Artery Revascularization (TCAR). Another example is the creation of an ocular surgical simulator for training in peeling the inner limiting membrane (ILM). This simulator includes a next-generation artificial ILM with mechanical qualities identical to real ILM, which could be peeled underwater in the same way as actual surgery is performed.

The widespread use of polymers has resulted in a strong demand for such materials in the surgical simulation industry, which has been pushing the market and functioning as a potential driver.

Why Surgical Simulation Market is Expected to Garner Significant Growth through Hospitals?

The Hospitals segment is forecasted to grow at the highest CAGR of over 25.6% during 2022-2032. The increased desire to better the pre-planning of difficult procedures, as well as improved surgical results, are likely to contribute to sector growth in the forthcoming years.

Hospitals are also working with industry partners to create customized 3D simulator solutions. For example, Apollo Hospitals joined with Anatomiz3D Medtech in February 2021 to establish Hospital 3D Printing Labs in India.

The increased desire to better the pre-planning of difficult procedures, as well as improved surgical results, are likely to contribute to sector growth in the approaching years.

What is the impact of Covid-19 on the Surgical Simulation Market?

During COVID-19, the increased usage of remote learning via screen-based simulations, augmented reality/AR, blended and/or extended reality, mixed reality, and virtual reality/VR is likely to stimulate the demand for virtual medical simulation. Elective surgery cases were suspended everywhere during this period, resulting in a considerable decrease in the number of cases accessible for surgical residents' teaching. Therefore, virtual simulation was used to refine and reinforce procedural and patient care abilities. The epidemic also restricted medical training possibilities in the conventional apprenticeship process, with fewer elective procedures and residents having less access to operating rooms.

Competitive Analysis

Some of the key players in the Surgical Simulation Market include Materialise, Stratasys Ltd, Canadian Aviation Electronics Ltd, Surgical Science, Mentice, Gaumard Scientific, VirtaMed AG, and Osteo3d.

Some of the recent developments of key Surgical Simulation service providers are as follows:

• In November 2021, Materialise decided to exercise its option to purchase Link3D Inc., a provider of additive workflow and digital manufacturing software that helps clients in the automotive, aerospace, and defense industries grow and integrate their AM operations across complicated supply chains and IT environments. The deal, which was subject to the usual requirements for this type of transaction, was completed in January 2022. Materialise paid US$ 33.5 Million for 100% ownership stake in Link3D.
• In January 2021, Stratasys Ltd announced the completion of its acquisition of Origin, which will take effect on December 31, 2020. Origin's software-centric additive manufacturing system, which delivers printing technology associated with digital light processing for production-oriented polymer applications, has been acquired.
• In July 2021, Surgical Science entered into a conditional agreement to acquire all outstanding shares of Simbionix USA Corp., which uses simulation to train surgeons and other medical specialists in a variety of areas, including robotic surgery. The deal was carried out in cash and debt-free consideration of US$ 305 million.

Similarly, recent developments related to companies’ Surgical Simulation Market have been tracked by the team at Persistence Market Research, which is available in the full report.

Market Segments Covered in Surgical Simulation Market Analysis

By Material Type

• Polymer
• Plastic
• Other Polymers
• Metal

By Speciality

• Orthopedic Surgery
• Cardiac Surgery/Interventional Cardiology
• Gastroenterology
• Neurosurgery
• Reconstructive Surgery
• Oncology Surgery
• Transplants
• Other Specialties

By End-use

• Hospitals
• Specialty Centers
• Other End-uses

By Region

• North America
• Latin America
• Europe
• APAC
• MEA