Rising prevalence of chronic disorders, increasing application of robotics in surgical procedures, and growing demand for minimally invasive surgeries are some key factors expected to drive global Robotics Surgical Simulation Systems market growth.
Rising prevalence of chronic disorders, increasing application of robotics in surgical procedures, and growing demand for minimally invasive surgeries are some key factors expected to drive global Robotics Surgical Simulation Systems market growth.
According to Emergen Research, the global robotics surgical simulation systems market size was USD 476.8 million in 2020 and is expected to reach USD 1.69 billion in 2028 and register a robust CAGR of 17.0% during the forecast period, 2021-2028.
Market Dynamics:
Robotic surgical simulation systems are computer-based technology widely used in the healthcare sector for enhancing surgical education practices. These systems are equipped with advanced technologies that allow healthcare professionals to carry out difficult surgical operations. Robotic surgical simulation systems offer safe, efficient, and practical robot-assisted surgery training for healthcare staff, thereby reducing surgical errors and making robot-assisted surgery smooth. These robotic surgical simulation systems are rapidly gaining traction owing to increasing number of complicated surgical procedures and rising awareness about its advantages.
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Factors such as increasing adoption of advanced technologies such as Internet of Things (IoT), Artificial Intelligence (AI), and Machine Learning in the healthcare sector, rising geriatric population, and rapid advancements in robotics surgical simulation systems are expected to drive global market revenue growth. In addition, rising number of multispecialty hospitals across the globe, improving healthcare infrastructure, increasing healthcare expenditure, and rising availability of funds by many public and private organizations to develop advanced systems are expected to fuel market growth going ahead.
However, factors such as high capital investments and maintenance costs, dearth of skilled laborers, low awareness about advanced robotic surgical simulation systems, and lack of funds for research and development of these systems in many developing and underdeveloped economies can hamper overall market growth to a certain limit during the forecast period.
COVID-19 Impact Analysis
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Hospitals Segment to Account for Significantly Larger Revenue Share:
The hospital segment is expected to account for significantly larger revenue share between 2021 and 2028 owing to factors such as increasing patient pool, rising preference for minimally invasive surgical procedures, rapid adoption of advanced technologies in many multispecialty hospitals, and rising overall healthcare expenditure.
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Minimally Invasive Surgery Simulation Segment To Register Rapid Revenue Growth:
The minimally invasive surgery simulation segment is expected to register rapid revenue growth during the forecast period. This can be attributed to rising number of surgeries across the globe, growing preference for minimally invasive procedures due to shortened hospital stays, less pain during and post-surgery, faster recovery time and fewer complications, and rapid adoption of robotic technology.
North America to Lead In Terms of Revenue Share:
North America is expected to dominate other regional markets in terms of revenue share during the forecast period. This can be attributed to factors such as increasing prevalence of various chronic diseases, rapid adoption of advanced technologies in the healthcare sector, and presence of well-developed healthcare facilities and modernized surgery centers. Other factors such as high usage of simulation systems, rapid adoption of advanced technologies such as Artificial Intelligence (AI) in surgical procedures, presence of key players, and increasing investments in developing more advanced systems are expected to drive North America market growth during the forecast period.
Major Companies in the Market Include:
- Surgical Science Sweden AB
- Limbs & Things LTD.
- VirtaMed AG
- 3D Systems Inc.
- Accuray Incorporated
- CMR Surgical
- Auris Health Inc.
- Maxar Technologies Limited
- Medtronic
- Simulab Corporation
Scope of Robotics Surgical Simulation Systems Research
| Report Details | Outcome |
| Market size value in 2020 | USD 476.8 Million |
| CAGR (2021 - 2028) | 17.0% |
| Revenue forecast in 2028 | USD 1.69 Billion |
| Base year for estimation | 2020 |
| Historical data | 2017_2019 |
| Forecast period | 2021_2028 |
| Quantitative units | Revenue in USD Billion, and CAGR from 2021 to 2028 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Product & Service Type, Type of Surgery, End-use, and Region |
| Regional scope | North America; Europe; Asia Pacific; Central & South America; Middle East & Africa. |
| Country scope | U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Saudi Arabia; South Africa; Turkey |
| Key companies profiled | Surgical Science Sweden AB, Limbs & Things LTD, VirtaMed AG, 3D Systems Inc, Accuray Incorporated, CMR Surgical, Auris Health Inc, Maxar Technologies Limited, Medtronic, and Simulab Corporation |
| Customization scope | 10 hours of free customization and expert consultation |
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For this report, Emergen Research has segmented the global robotics surgical simulation systems market based on product & service type, type of surgery, end-use, and region:
Product & Service Type Outlook (Revenue: USD Billion; 2018–2028)
- Conventional Surgery Simulation
- Minimally Invasive Surgery Simulation
- Others
Type of Surgery Outlook (Revenue: USD Billion; 2018–2028)
- General Surgery
- Endoscopic Surgery
- Neurological Surgery
- Gynecological Surgery
- Cardiac Surgery
End-use Outlook (Revenue: USD Billion; 2018–2028)
- Hospitals
- Surgical Centers
- Ambulatory Surgical Centers
- Others
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Regional Outlook (Revenue, USD Billion; 2018–2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- BENELUX
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of MEA
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