Product Code: CMI7529
The global surgical simulation market is estimated to be valued at USD 480.2 Mn in 2024 and is expected to reach USD 1,332.1 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 15.7% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 480.2 Mn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
15.70% |
2031 Value Projection: |
US$ 1,332.1 Mn |
Figure. Surgical Simulation Market Share (%), By Region 2024
Surgical simulation is the application of sophisticated modeling and simulation approaches in surgical training. Simulation techniques help reduce medical errors, improve patient safety, and enhance surgical skills and techniques. 3D surgical simulation helps surgeons visualize complex anatomical structures, allowing them to rehearse surgical procedures virtually before operating on real patients. Simulation also helps assess technical and non-technical skills of surgeons and provide individualized training programs. Growing demand for minimally invasive surgical procedures, shortage of cadavers for training, need to reduce medical errors and improve patient outcomes are some of the key factors driving the increasing adoption of surgical simulation solutions globally.
Market Dynamics:
The key factors such as growing geriatric population, increasing volume of complex surgeries, shortage of cadavers and unrealistic practice on animal models, and emphasis on continuous surgical training are propelling the growth of the global surgical simulation market. However, high costs associated with surgical simulators and procedural limitations are likely to hamper the market growth. Growing adoption of virtual and mixed reality simulations and demand for customized simulators specific to different specialties present significant growth opportunities for market players. North America dominates the global surgical simulation market and is expected to maintain its lead owing to advanced healthcare infrastructure, favorable reimbursement policies, and presence of major players in the region. Asia Pacific Surgical Simulation Market is anticipated to witness the fastest growth during the forecast period supported by improving healthcare spending, expanding medical tourism industry, and growing focus on training of surgeons.
Key Features of the Study:
This report provides in-depth analysis of the global surgical simulation market, and provides market size (USD Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global surgical simulation market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include CAE Healthcare, Surgical Science Sweden AB, Simulab Corporation, 3D Systems, VirtaMed AG, Limbs & Things Ltd, Medtronic, Laerdal Medical, Kyoto Kagaku Co., Ltd, Synaptive Medical, HaptX, ImmersiveTouch, SimX, Inovus Medical, and Gaumard Scientific Company
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global surgical simulation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global surgical simulation market
Market Segmentation
- By Application Insights (Revenue, USD Mn, 2019 - 2031)
- Cardiac Surgery
- Gastroenterology
- Neurosurgery
- Orthopedic Surgery
- Reconstructive Surgery
- Oncology Surgery
- Transplant
- Others
- By Technology Insights (Revenue, USD Mn, 2019 - 2031)
- Virtual Patient Simulation
- 3D Printing
- By End User Insights (Revenue, USD Mn, 2019 - 2031)
- Academic Institutes
- Hospitals & Clinics
- Academic & Research Institutes
- Others
- Regional Insights (Revenue, USD Mn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- CAE Healthcare
- Surgical Science Sweden AB
- Simulab Corporation
- 3D Systems
- VirtaMed AG
- Limbs & Things Ltd
- Medtronic
- Laerdal Medical
- Kyoto Kagaku Co., Ltd
- Synaptive Medical
- HaptX
- ImmersiveTouch
- SimX
- Inovus Medical
- Gaumard Scientific Company
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Surgical Simulation Market, By Application
- Global Surgical Simulation Market, By Technology
- Global Surgical Simulation Market, By End User
- Global Surgical Simulation Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Driver
- Restraint
- Opportunity
- Impact Analysis
- Key Developments
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
- Industry Trends
4. Global Surgical Simulation Market, By Application, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Cardiac Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Gastroenterology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Neurosurgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Orthopedic Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Reconstructive Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Oncology Surgery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Transplant
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
5. Global Surgical Simulation Market, By Technology, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Virtual Patient Simulation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- 3D Printing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
6. Global Surgical Simulation Market, By End User, 2019-2031, (USD Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Academic Institutes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Hospitals & Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Academic & Research Institutes
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Mn)
7. Global Surgical Simulation Market, By Region, 2019 - 2031, Value (USD Mn)
- Introduction
- Market Share (%) Analysis, 2024, 2027 & 2031, Value (USD Mn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Mn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Latin America
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Mn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Mn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Mn)
- South Africa
- North Africa
- Central Africa
8. Competitive landscape
- CAE Healthcare
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Surgical Science Sweden AB
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Simulab Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- 3D Systems
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- VirtaMed AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Limbs & Things Ltd
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Medtronic
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Laerdal Medical
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Kyoto Kagaku Co., Ltd
- Synaptive Medical
- HaptX
- ImmersiveTouch
- SimX
- Inovus Medical
- Gaumard Scientific Company
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us