Portable Minimally Invasive Surgery Simulators Market Size, Share, Growth, Development and Demand Forecast to 2030
According to a report by P&S Intelligence, the portable minimally invasive surgery simulators market will reach USD 479.9 million by 2030, growing at a rate of 13.9%.
The rise in the revenue generation in this industry is due to the increasing consciousness of the benefits of simulation-based learning, technological advancements in portable MIS stimulators, increasing adoption of laparoscopy simulation systems, growing demand for minimally invasive treatments, and rapid digitalization of the healthcare industry.
In the past few years, the endoscopic category accounted for the largest share of the market, and it will maintain at its position throughout this decade.
Additionally, the growth in this category is credited to the increasing prevalence of gastrointestinal illnesses across the globe. This is boosting the demand for endoscopic surgeries due to their lower cost, minimally invasive nature, and quicker recovery.
Based on end user, the medical training centers category will lead the industry, also propelling with the highest compound annual growth rate, of 15.9%, over this decade. This is because of the rising demand for simulation-based training due to the lack of trained professionals.
Additionally, the growing focus on the safety of patients has limited the training experience for budding surgeons in the operating room. Therefore, to fulfill the requirement for skill enhancement, medical training centers are increasing the adoption of portable minimally invasive surgery stimulators into their routine.
In recent years, North America accounted for the largest share in the industry. This is mainly ascribed to the early deployment of advanced technologies by industry players along with end users. Another main factor driving the growth in this region is the increasing healthcare expenditure and the growing number of collaborations between healthcare associations and industry players.
Numerous technological advancements have been witnessed in the medical field, which boost the demand for simulation. AR/VR-based learning helps in gathering measurable data on patients and students, increasing safety for patients and practitioners, and turning knowledge into practice. In this regard, the demand for portable MIS stimulators has been rising over the past few years because of the increasing incidence of unintended injuries during surgeries.
Key players in the industry are involved in collaborations and partnerships to maintain a competitive edge. For example, Memic Innovative Surgery Ltd. and VirtaMed AG partnered in February 2022 to develop a virtual reality simulator program for the Hominis Surgical System, to support the skills training of
surgeons.
It is because of the increasing adoption of the laparoscopic simulation system and growing consciousness regarding the advantages of simulation-based learning that the portable minimally invasive surgery simulator industry will continue to grow in the coming years.
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Market Size Breakdown by Segment
By Type
• Endoscopic
o Flexible
▪ Upper gastrointestinal endoscopy simulators
▪ Bronchoscopy simulators
▪ Colonoscopy simulators
▪ Rhinoscopy simulators
▪ Others
o Rigid
▪ Laparoscopy simulators
▪ Urology simulators
▪ Gynecology simulators
▪ Arthroscopy simulators
▪ Others
• Cardiac
• Others
By End User
• Academic Institutes
• Medical Training Centers
• Hospitals
• Surgical Clinics
• Others
By Region
• North America Portable MIS Simulators Market
o By type
o By end user
o By country – U.S. and Canada
• Europe Portable MIS Simulators Market
o By type
o By end user
o By country – Germany, France, U.K., Italy, Spain, and Rest of Europe
• Asia-Pacific (APAC) Portable MIS Simulators Market
o By type
o By end user
o By country – Japan, China, India, and Rest of APAC
• Latin America (LATAM) Portable MIS Simulators Market
o By type
o By end user
o By country – Brazil, Mexico, and Rest of LATAM
• Middle East and Africa (MEA) Portable MIS Simulators Market
o By type
o By end user
o By country – U.A.E., Saudi Arabia, and Rest of MEA
Market Segment Analysis of Countries
• U.S. Market
o By type
o By end user
• Canada Market
o By type
o By end user
• Germany Market
o By type
o By end user
• France Market
o By type
o By end user
• U.K. Market
o By type
o By end user
• Italy Market
o By type
o By end user
• Spain Market
o By type
o By end user
• China Market
o By type
o By end user
• Japan Market
o By type
o By end user
• India Market
o By type
o By end user
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