Surgical Simulation Industry Overview
The global surgical simulation market size is expected to reach USD 835.2 million by 2028, registering a CAGR of 16.1% over the forecast period, according to a new report by Grand View Research, Inc. Rising preference for minimally invasive surgical procedures, increasing focus on patient safety, and growing geriatric population are boosting the market growth. With the growing geriatric population, the problem of surgery for these patients has become increasingly important. With the constant aging population, there arises a need for technology-driven surgical simulation to help avoid or diminish medical errors during surgeries, which, in turn, is contributing to the market growth.
During the COVID-19 pandemic, VirtaMed occupied their simulators on ‘tour’ frequent times to support continuing medical education and supply workshops for residents across France, Switzerland, and Germany. In February 2021, the company started its third tour and training initiative in Berlin with the German Knee Society. In addition, during the pandemic, elective surgeries halted, which resulted in a reduced number of cases available for the education of surgical populaces. Versatile and expanding surgical education solutions are expected to enhance the market growth in the coming years.
Due to technological advancements, 3D printing has gained traction in the medical field in recent years. The applications of 3D printing technology have grown from using 3D models to augment patient education to patient-specific. Moreover, 3D-printed surgical simulators have many advantages over other forms of simulation. Thus, the rising acceptance of 3D printing in surgical simulation contributes to market growth.
Simulation-based healthcare education is a newer modality of training, which was established primarily for patient safety. Rising government initiatives to advance patient safety patient outcomes in healthcare further support the market growth. For instance, in November 2021, NHS Scotland incorporated physical and digital simulation into its surgical training program to permit trainees to develop vital skills before coming face-to-face with patients.
North America was the dominant regional market in 2020 due to the presence of a large number of key players. Product innovation by market players further facilitated regional market growth. Market players are adopting strategic initiatives, such as partnerships, collaborations, and business expansion to gain deeper market penetration. For instance, in May 2021, PrecisionOS introduced the first fully interactive robotics platform in VR.
Surgical Simulation Market Segmentation
Grand View Research has segmented the global surgical simulation market on the basis of specialty, material, end-use, and region:
Based on the Specialty, the market is segmented into Cardiac Surgery/Interventional Cardiology, Gastroenterology, Neurosurgery, Orthopedic Surgery, Reconstructive Surgery, Oncology Surgery, Transplants, and Others.
- The orthopedic surgery segment is expected to account for the largest revenue share of over 31% in 2020. There is an increase in the number of cases of orthopedic conditions, including osteoporosis, osteoarthritis, rheumatoid arthritis, and ligamentous knee injuries globally. 3D printing of bone models and other musculoskeletal parts is very useful for orthopedic operations including diagnosis, training, and surgery planning.
- The neurosurgery segment is anticipated to witness lucrative growth over the forecast period. Growing awareness about neurological disorders, obtainable treatment options in the market, and emerging healthcare infrastructure are the key factors driving the segment growth. In a 2016 review article sponsored by the Government of India and published in Neurology India, the use of simulation training in neurosurgery in the country is still in the infancy stage with growing opportunities for market players.
Based on the Material, the market is segmented into Metal, and Polymer.
- The plastic segment accounted for the largest revenue share of over 65% in 2020.The increasing adoption of 3D printing technologies and the benefits offered by plastics are expected to propel the segment growth. As per Monroe Engineering Products, thermoplastics are the most used materials for 3D printing as they eliminate the need for adhesives, allow for a variety of colors, and are relatively inexpensive.
- Some of the commonly used metals in surgical simulators include stainless steel, copper, titanium, aluminum, magnesium, cobalt-chromium, and others. the presence of local market players and the need for cost-effective surgical simulators is estimated to contribute to the segment growth over the coming years.
Based on the End-use, the market is segmented into Hospitals, Specialty Centers, and Others.
- The hospital segment accounted for the maximum revenue share of more than 42% in 2020. The developing healthcare infrastructure, growing demand to enhance the pre-planning of complex surgeries, and improved surgical outcomes are expected to contribute to the segment growth in the coming years. Hospitals are also collaborating with industry partners to develop custom 3D simulator solutions.
- The specialty center segment is anticipated to show lucrative growth over the forecast period. The highest growth of adoption of simulation techniques and growing public-private partnerships in the healthcare industry is estimated to fuel the segment growth in the coming years. For instance, in September 2021, India’s 1st simulation center for medicos, a first-of-its-kind post-graduate medical simulation center opened at Apollo Specialty Hospital in Chennai.
Key Companies Market Share Insights
Key market players adopt various strategic initiatives to gain deeper market penetration. For instance, in May 2021, PrecisionOS introduced the first fully interactive robotics platform in VR. Using the ground-breaking VR medical simulation offered by the company, all OR people trained on robotics technology at the same time, eventually minimalizing on-the-job learning circumstances that have the potential to affect patient care.
In July 2021, the Rush Center for Clinical Skills and Simulation (RCCSS) and CAE Healthcare proclaimed that they have entered a simulation research partnership to improve healthcare education and advance patient safety, including support for simulation research initiatives of RCCSS. Through this partnership, Rush students and industry partners now have access to the most advanced medical simulation technology. Some of the prominent key players in the global surgical simulation market include:
- Materialise
- Startasys Ltd.
- Canadian Aviation Electronics, Ltd.
- Surgical Science
- Mentice
- Gaumard Scientific
- Simulab Corp.
- VirtaMed AG
- 3-Dmed
- Laerdal Medical
- 3D Systems, Inc.
- Osteo3d
- Axial3D
- Formlabs
Order a free sample PDF of the Surgical Simulation Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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