The global surgical simulation market size is expected to be worth around US$ 935.2 million by 2030 and is anticipated to grow at a CAGR of 17.1% during the forecast period 2022 to 2030.
The global surgical simulation market size is expected to be worth around US$ 935.2 million by 2030 and is anticipated to grow at a CAGR of 17.1% during the forecast period 2022 to 2030.
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.
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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.
Report Coverage
| Report Scope | Details |
| Market Size | US$ 935.2 million by 2030 |
| Growth Rate | CAGR of 17.1% From 2022 to 2030 |
| Largest Market | North America |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Specialty, Material, End-use |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Materialise; Startasys Ltd.; Canadian Aviation Electronics, Ltd.; Surgical Science; Mentice; Gaumard Scientific; Simulab Corporation; VirtaMed AG; 3-Dmed; Laerdal Medical; 3D Systems, Inc.; Osteo3d; Axial3D; Formlabs |
By Specialty Analysis
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.
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.
By Material Analysis
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.
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.
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By End-use Analysis
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.
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.
By Regional Analysis
North America dominated the market in 2020 with a revenue share of more than 34% due to the presence of key market players, such as CAE Healthcare, 3D Systems, Inc., and others. The early adoption of advanced technologies and product innovation by market players further facilitated the growth of the market.
In Asia Pacific, the market for surgical simulation is expected to register the fastest CAGR over the forecast period. This is attributed to the growing geriatric population, increased healthcare expenditure, high awareness about surgical simulation, and supportive government initiatives. The
Key Players
- 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
Market Segmentation
- By Specialty
- Cardiac Surgery/Interventional Cardiology
- Gastroenterology
- Neurosurgery
- Orthopedic Surgery
- Reconstructive Surgery
- Oncology Surgery
- Transplants
- Others
- By Material
- Metal
- Polymer
- Plastic
- Others
- By End-use
- Hospitals
- Specialty Centers
- Others
- By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa (MEA)
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