A number of factors, such as the surging volume of surgical procedures, mounting geriatric population, and increasing preference for minimally invasive surgeries, are expected to drive the surgical simulation market at a CAGR of 16.9% during the forecast period (2021–2030). In addition, the rapid development of technologically advanced simulators will contribute to the market growth. Due to these factors, the market revenue will surge from $366.5 million in 2020 to $1,643.7 million by 2030.
Another growth driver for the surgical simulation market is the global increase in the volume of surgeries owing to the mounting cases of chronic diseases globally. Medical professionals around the world are using simulators to prevent or minimize medical errors during actual surgeries. Patients suffering from chronic diseases, such as cancer, cardiovascular diseases (CVDs), and kidney disorders, are required to undergo several surgical procedures for diagnosis and treatment. Additionally, the soaring cases of road accidents will augment the demand for surgical simulation products.
The offering segment of the surgical simulation market is bifurcated into products and services. Of these, the products category accounted for the larger market share in 2020, and it is projected to retain its dominance during the forecast period. This can be credited to the soaring number of surgical procedures, primarily on account of the growing prevalence of chronic disorders globally. The products category is further classified into cardiac, arthroscopic, endoscopic, neurological, gynecological, laparoscopic, and others.
Therefore, the soaring number of surgical procedures and increasing inclination toward minimally invasive surgeries will supplement the market growth.
Access Report Summary – Surgical Simulation Market Growth Forecast Research Report
This study covers
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
- Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
- Major players operating in the market and their service offerings
