Stratview Research has recently published a new research report on the Surgical Simulator Market that is segmented by Type (Technology-based Simulator [Virtual Reality, Augmented Reality, and Mixed Reality], Model-based Simulator, and Computer-based Simulator), by End-Use Type (Academic & Research Institute, Hospitals, and Ambulances), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Market Dynamics

Surgeries are conducted for the treatment of chronic and acute diseases, diagnostic reasons, mending injuries, and improving appearance. The rising volume of such surgeries every year is largely resulting in market growth.

The rising prevalence of chronic diseases, an increasing number of surgeries, and people's increased disposable money, the demand for surgical simulators are also expanding across the globe.

Another key market driver for surgical simulators is the growing population of senior citizens (60+ years of age), who are at a high risk of physical accidents and acute and chronic diseases. Furthermore, as people get older, they become more concerned about their health and appearance, which is why they are increasingly opting for cosmetic procedures, which can be practiced on simulators.

Segment Analysis

By type

The market is segmented by type as technology-based simulators, model-based simulators, and computer-based simulators. In 2020, technology-based surgical simulators accounted for a major share of the pie. The technology-based surgical simulators are further classified as virtual reality (VR) based, augmented reality (AR) based, and mixed reality (MR) based simulators. Among these simulators, VR-based simulators are dominant in the market, followed by the mixed reality-based surgical simulators, whereas AR-based simulators are very few in the market but its market is likely to rise with a growth rate of 17.6% during the period 2021-2026.

Regional Analysis

North America is expected to remain the largest market for surgical simulators during the forecast period. This region is home to a large number of major companies, such as CAE Inc., Gaumard Scientific, Laerdal Medical, and Nasco Healthcare, which propel the regional market for surgical simulators. Europe and Asia-Pacific are also likely to create sizeable opportunities in the upcoming years, driven by increasing healthcare expenditures in both regions.

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