Surgical Simulation Market And its Growth prospect in the Near Future

Surgical simulation market is forecasted to generate revenue of $608.3 million by 2023, according to P&S Intelligence.

The surgical simulation market includes endoscopic, laparoscopic, cardiac, gynecological, arthroscopic, neurological, and other simulators. Of these, the fastest growth in the market during the forecast period is expected from endoscopic simulators. The market for this category is majorly driven by the growing popularity of endoscopic surgeries leading to increased adoption of simulators to train for endoscopic surgeries.

During the forecast period, academic and research institutes are expected to be the fastest-growing end-user category in the surgical simulation market. Increasing adoption of surgical simulation solutions in academic and research institutions for training purposes is supporting the market growth of this category.

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During the forecast period, the surgical simulation market is expected to witness the fastest growth in APAC, on account of the increasing medical tourism and growing geriatric population in the region. Additionally, major players, as part of their business strategy, are investing in the untapped markets of the region, which, in turn, is contributing to the market growth.

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Major players in the surgical simulation market are entering into partnerships with various healthcare organizations to introduce new simulation solutions. For instance, in January 2018, CAE Healthcare entered into an international training partnership with the American Heart Association (AHA) to establish a network of international training sites to deliver lifesaving AHA courses around the world. Currently, CAE Healthcare offers AHA courses, such as emergency cardiovascular care in basic life support, advanced cardiac life support, and pediatric advanced life support, in the CAE Brunei Multi-Purpose Training Centre in Brunei Darussalam.

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