Global Surgical Simulation Market is estimated to surge at a CAGR of 22.05% over the period 2018-2024
Surgical simulation now a days has emerged as an advancement in medical training due to increased public pressure for improvement in control of surgeries and preventing medical errors.
This report provides forecast and analysis of the global surgical simulation market which is projected to grow at a double-digit growth rate of 22.05% to reach a market size of USD712.265 million by the end of 2024.The market is expected to foresee a significant growth during the forecast period owing to the growing popularity of simulation as it helps in honing the skills of a medical practitioner. The growing health expenditure worldwide is driving the market growth in the forecast period. Also, the growing healthcare industry with the adoption of state-of-the-art technologies by varied healthcare organizations is further fueling the market demand in the forecast period owing to providing better patient care. Growing investments in research and technology by key market players is further leading to propelling the growth of the global surgical simulation market during the forecast period.
The growing global geriatric population, which is expected to reach over one billion by 2050 (source: National Institutes of Health) is driving the market growth in the forecast period. With the rise in upcoming advancements in technology and the adoption of healthy living conditions, the elderly population are becoming aware and are moving towards the adoption of healthy aging. This has further helped the citizens 65 years of age or older to keep a check on their day-to-day activities in order to remain healthy. Hence, advancements in technology have given rise to techniques such as surgical simulation where surgeons are able to practice well before performing a complex surgery. The older population can remain stress-free regarding their well-being and can equally contribute to society as others. Furthermore, the growing adoption of advanced technologies like AR and VR in surgical simulators is further adding on to improving the efficiency of trainees, fueling the market growth in the forecast period and in the upcoming years.
Geographically, North America is expected to hold a significant market share in the global surgical simulation market owing to the early adoption of innovations and a shift from the volume-based care to the value-based care. Additionally, the highest health expenditure of the United States from the North American region is further burgeoning the market demand in this region.
Some of the major players covered as part of the report are CAE Inc., Gaumard® Scientific, and Surgical Science Sweden AB.
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This report segmented the global surgical simulation market on the basis of following terms:
- By Application
- Laparoscopy Surgical Simulation
- Gynaecology Surgical Simulation
- Endoscopic Surgical Simulation
- Cardiovascular Surgical Simulation
- Arthroscopic Physiotherapy Surgical Simulation
- Neurological Surgical Simulation
- By End-User
- Research and Academic Institutions
- North America
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
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