Endoscopy Simulator Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Procedure (Upper And Lower Flexible Endoscopy, Bronchoscopy, Urology), By End-User (Hospitals, Academic Institutes), And By Geography - Forecasts From 2022 To 2027

Published:  Apr 2022 Report Code: KSI061614180 Pages: 90

The endoscopy simulator market is projected to grow at a high pace during the forecast period.

An endoscope is a kind of medical equipment that is used to examine the interior of a bodily cavity or organ with the help of a light attached to the device. An Endoscopy Simulator, also known as an Endoscopic Simulator, is training and instructing tool for learners and healthcare professionals. The purpose of employing Endoscopy Simulators is to acquire the best diagnostic-therapeutic results while reducing patient risks. Endoscopic simulation has been regarded as a newer approach to ensuring patient safety, with the ever endoscopy expenses and an increasing need for sophisticated, invasive procedures that decrease upper gastrointestinal endoscopy, colonoscopy, and flexible sigmoidoscopy training possibilities. This level of safety is attained by lowering endoscopic mistakes and improving and speeding up training results. Moreover, the prevalence of minimally invasive surgeries in the healthcare sector has also resulted in a positive influence on the endoscopy simulator market. An article published in February 2020 in the National Library of Medicine, NIH, showed that the open surgical procedures declined by nearly 35% from 2000 to 2018 and are being replaced by minimally invasive surgeries.

The outbreak of the COVID-19 pandemic resulted in a global economic downfall. Since most countries adopted lockdown and social isolation rules, most industries experienced significant losses. It also had an impact on people's lifestyles and well-being. The increasing infection cases resulted in a decrease in demand for traditional endoscope equipment, due to the risk of spread of infection. The COVID-19 also resulted in a shortage of skilled workers and employees for proper endoscopy procedures, which led to an increase in training procedures and a demand for the endoscopy simulator market. Moreover, with the increasing disease prevalence and demand for proper treatment and diagnosis, the endoscopy simulator market is expected to rise significantly.

Growing prevalence of diseases

The demand for the endoscopy simulator market is driven by the increasing prevalence of diseases among people worldwide. Most countries have reported an increase in cancer and malignant tumor cases, mostly due to the adverse effects of living conditions and lifestyles around the world. The American Cancer Society estimates that a total of 1.9 million new cancer cases would be diagnosed in the year 2022, leading to about 609,360 cancer deaths. According to statistics released by Cancer.net in January 2022, stomach cancer accounts for around 1.5% of cancer cases diagnosed each year in the United States. In the United States, an estimated 26,380 people (15,900 men and 10,480 women) will be diagnosed with stomach cancer in the year 2022, out of which about 11,000 deaths are estimated to occur in the region. In 2020, an estimated 1,089,103 people have been diagnosed with the condition worldwide, and an estimated 768,793 deaths occurred in the year. Stomach cancer is the fifth most prevalent cancer reported worldwide.

Endoscopy of the gastrointestinal tract is an important aspect of detecting and treating early and advanced gastrointestinal malignancies. Traditional endoscopic procedures, on the other hand, are technically challenging and need strong visual-spatial abilities as well as extensive hands-on experience. Gastrointestinal endoscopy simulators are a viable option for clinicians who want to practice in a non-clinical setting. The increasing number of stomach cancer cases would require proper endoscopic training and education to properly diagnose a patient. This would therefore act as a driver for the endoscopy simulator market and is anticipated to help in the growth of the market.

Endoscopy related injuries

Endoscopy is a complex and difficult procedure that requires proper training and precautions to execute. If not done properly, the procedure may result in injuries to the patient or physician.

According to a survey published by Thieme in January 2021, 79.6% of independent endoscopists reported having experienced musculoskeletal injuries during a colonoscopy. Commonly injured areas included the lower back, neck, thumb, etc. Another survey released by the National Library of Medicine in March 2020 revealed that, out of 171 respondents, 69.6% of endoscopists reported at least one musculoskeletal injury.

 

Endoscopic simulators have shown to be quite useful in endoscopic training. Endoscopic simulators have improved upper and lower gastrointestinal endoscopy training techniques. Moreover, endoscopic simulators have been essential in reducing patient and physician injuries. Furthermore, the advantages are becoming increasingly apparent in unskilled training. Significant acceleration of the training procedure to the point where learners are regarded to have learned enough and acceptable abilities for professional application has proven favorable validation of a simulator thus far.

Market innovations and developments

The increasing number of diseases and cancer cases have led to an inflated demand for endoscopy tests and diagnosis. This has resulted in increasing advancements in the market.

Simbionix and Surgical Science have merged in view of the increasing healthcare advancements and training for the future of medical simulation. The merging of the two VR simulation firms and their unique technology offers an opportunity to provide medical professionals with the greatest level of training through simulation.

According to a news release by Kitware on January 27th, 2022, CeMSIM (RPI) is working on a virtual endoscopic surgical simulator with Beth Israel Deaconess Medical Center, Boston, and Kitware (VESS). VESS is a virtual reality-based trainer with haptic feedback that allows surgical trainees to practice ESD in a safe environment with no danger to patients. To enhance future surgical results, the simulator delivers individualized learning, real-time feedback, mentorship, and objective assessment. VESS was created using iMSTK, Kitware's open-source toolkit for rapidly building interactive virtual surgical simulators.

Segmentation

  • By Procedure
    • Upper and Lower Flexible Endoscopy
    • Bronchoscopy
    • Urology
  • By End-User
    • Hospitals
    • Academic Institutes
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

1. Introduction
1.1. Market Definition
1.2. Market Segmentation


2. Research Methodology
2.1. Research Data
2.2. Assumptions


3. Executive Summary
3.1. Research Highlights


4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of End-Users
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis


5. Endoscopy Simulator Market Analysis, by Procedure
5.1. Introduction
5.2. Upper and Lower Flexible Endoscopy
5.3. Bronchoscopy
5.4. Urology


6. Endoscopy Simulator Market Analysis, by End-User
6.1. Introduction
6.2. Hospitals
6.3. Academic Institutes


7. Endoscopy Simulator Market Analysis, by Geography
7.1. Introduction
7.2. North America
7.2.1. USA
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. Germany
7.4.2. France
7.4.3. UK
7.4.4. Italy
7.4.5. Others
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.5.2. UAE
7.5.3. Others
7.6. Asia Pacific
7.6.1. China
7.6.2. India
7.6.3. Japan
7.6.4. South Korea
7.6.5. Taiwan
7.6.6. Thailand
7.6.7. Indonesia
7.6.8. Others


8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix


9. Company Profiles 
9.1. Karl Storz
9.2. EndoSim
9.3. CAE Healthcare
9.4. Intelligent Haptronic Solutions
9.5. Surgical Science Sweden AB (Simbionix)
9.6. Kyoto Kagaku
9.7. VirtaMed
9.8. Trandomed 3D
9.9. Zhejiang Geyi Medical Instrument Co. Ltd

Karl Storz

EndoSim

CAE Healthcare

Intelligent Haptronic Solutions

Surgical Science Sweden AB (Simbionix)

Kyoto Kagaku

VirtaMed

Trandomed 3D

Zhejiang Geyi Medical Instrument Co. Ltd

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