Global Robotics Surgical Simulation Systems Market – Analysis and Forecast, 2019-2024

Focus on Product Type, Application, End User, 20 Countries' Data, and Competitive Landscape

Published Year: 2019
SKU: BH00747SA

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Market Overview

The global robotic surgical simulation systems market was valued to be $276.5 million in the year 2018 and is anticipated to witness an imp

Overview on the Global Robotics Surgical Simulation Systems Market

The global incidence of surgical errors was acknowledged to be 5.5 million in 2008. Witnessing a compound annual growth rate of 3.91%, the surgical errors incidence was conceded to be 7.9 million in 2018. Acknowledging the growth in the past ten years, the surgical errors incidence is anticipated to reach a devastating figure of 10.5 million by 2029. The associated economic burden is expected to reach $161 billion by 2029.  Presently, one in every 16 surgical procedures in the U.S. is recognized to be a surgical error. In 2018, the U.S. witnessed approximately three million cases of surgical errors. The scenario gets further baffling if the statistics associated with other developed countries, such as Japan, and China, come into focus. The countries together contributed to approximately 66% of the global incidence of surgical errors. China registered the second highest incidence of surgical errors.

The procedural incompetence and lack of adequate pre-operative planning are the leading causes of surgical errors. Together, the two factors contributed for 51% of surgical error cases witnessed in the last ten years. Apart from them, poor peer communication is acknowledged to be attributing to 12% of cases.

Hence, the statistics evidently show that the lack of adequate surgical training is the predominant cause of massive surgical errors’ incidence. The growing emphasis on patient safety, is strengthening the obligation of decreasing the dependency of surgical training over the apprentice-mentor relationship and operating room-based training.

Robotics surgical simulation systems are one of the ground-breaking technologies which hold an enormous potential to transfigure the surgical education practices. The recent advancements in computational technologies augmented by the immeasurable knowledge of functioning of the human body, have made disruptive technologies such as robotic simulation systems, a reality.

The key abilities of robotics surgical simulation system, are

  • Provision of standardized-safe practice for surgical training with iterative practice freedom
  • Scope for developing case-specific operative planning
  • Provision of realistic scenario to the utmost accuracy
  • Scope for framework enabling training for the entire operational team
  • Provision of competency-based framework which enables performance assessment

Robotics Surgical Simulation Systems Market Forecast

The global robotic surgical simulation systems market was valued to be $276.5 million in the year 2018 and is anticipated to witness an impressive double-digit growth rate, to reach $XX Million by 2024. 

Expert Quote
 
“A dynamic shift in surgical education from the traditional apprenticeship model to a competency-based model is required to address the enormous surgical errors’ burden. The incorporation of robotics surgical simulation systems imparts extraordinary hand-eye coordination and ambidextrous surgical skills. It also enhances psychomotor skills and intra-team synchronization to impart case-specific capabilities.

The market for robotics surgical simulation systems is expected to grow ten fold in the next ten years.”
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Key Questions Answered in this Report

How is the role of simulation training in enhancing surgical pathways expected to evolve in the future?

•    How is the role of simulation training in enhancing surgical pathways expected to evolve in the future?
•    Robotic-assisted surgery is currently the leading clinical application incorporating robotic surgical simulation. What would be the next emerging clinical application?
•    What is the strongest return on investment due to incorporation of competency-based surgical training over mentor-apprentice-based training?
•    What are the major market drivers, challenges, and opportunities in the global robotic surgical simulation systems market?
•    What are the steps taken by the industry players to overcome the challenge associated with the lack of clinical data supporting the efficacy of simulation training?
•    How would the current dominating stake conquered by companies offering robotic simulation integrated with surgical robotics, be impacted due to the evolving perception of end users toward the incorporation of robotic simulation?
•    What are the key strategies incorporated by the leading players of robotic surgical simulation systems market to sustain the competition?
•    What is the current total market size and forecasts (until 2024) for different product categories available in the market?
•    What are the current total market size and forecasts (until 2024) for different robotic simulation systems associated with each type of therapeutic application?
•    What is the role of each type of player in robotic surgical simulation systems market?
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Report Description

The purpose of the study is to gain a holistic view of the Global Robotic Surgical Simulation Systems market in terms of various factors in

Scope of the Robotics Surgical Simulation Systems Market

The report constitutes of an in-depth study of the Global Robotics Surgical Simulation Systems Market, including a thorough analysis of the types of robotic surgical simulation platforms. The study also presents a detailed analysis of the market dynamics and the estimation of the market size over the forecast period 2019-2024. The scope of this report is focused on the different applications of robotic surgical simulation with different procedures and their country-wise analysis. 

The purpose of the study is to gain a holistic view of the Global Robotic Surgical Simulation Systems market in terms of various factors influencing it, including regulatory reforms and technological advancements. The market has been segmented into ‘product type’, ‘application type’, ‘end user’ and ‘region’. The scope of this report is centered upon conducting a detailed study of the products allied with the Global Robotic Surgical Simulation Systems Market. In addition, the study also includes exhaustive information on the unmet needs, perception on the new products, competitive landscape, market share of leading manufacturers, growth potential of each product, end user, application, and region, as well as other vital information with respect to the robotics surgical simulation systems market.

Key Companies in the Robotics Surgical Simulation Industry

The key players contributing to the global robotics surgical simulation systems market are 3D Systems Corporation, CAE Inc., Intuitive Surgical Inc., Mentice AB, Mimic Technologies, Inc., Simulated Surgical Systems, LLC, Touch of Life Technologies (ToLTech), VirtaMed AG, Voxel-Man, and VRmagic.
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Table of Contents

         1.1    Product Definition
         1.2    Research Scope
         1.3    Global Robotics Surgical Simulation Systems Market: Research Methodology
                  1.3.1    Primary Data Sources
                  1.3.2    Secondary Data Sources
                  1.3.3    Data Triangulation

         2.1    Regulatory Framework and Government Initiatives
                  2.1.1    Regulations in North America
                  2.1.2    Regulations in Europe
                  2.1.3    Regulations in Other Regions:
         2.2    Industry Ecosystem
         2.3    Industry Takeaway
         2.4    Return on Investment Analysis
         2.5    Benefits of Simulation

         3.1    Key Strategies and Developments
                  3.1.1    Product Launches and Enhancements
                  3.1.2    Agreement, Distribution Agreement and Partnership
                  3.1.3    Business Expansions
                  3.1.4    Mergers and Acquisitions
                  3.1.5    ISO Certifications
         3.2    Market Share Analysis
         3.3    Growth Share Analysis
                  3.3.1    Growth Share Matrix (by Application)
                  3.3.2    Growth Share Matrix (by Product)
                  3.3.3    Growth Share Matrix (by Region)

         4.1    Assumptions and Limitations
         4.2    Emerging Trends
         4.3    Awaited Technological Advancements
                  4.3.1    Advancement in Haptic-Enabled Simulation Platforms
                  4.3.2    Ability to Integrate Patient Anatomy in Simulation Training

         5.1    Impact Analysis
         5.2    Market Drivers
                  5.2.1    Prevention of Surgical Errors
                  5.2.2    Strengthened Certification Requirements by Governments for Surgeons Using Simulators
                  5.2.3    Limited Access to Live Patients During Training
                  5.2.4    Rise in Adoption of Surgical Robots
                  5.2.5    Rise in Development of New Clinical Interventions and Minimally Invasive Procedures
                  5.2.6    Growth in the Learning Curve of Surgeons and Reduced Operating Hours
         5.3    Market Restraints
                  5.3.1    Hectic and Busy Schedules of Surgeons
                  5.3.2    High Initial Capital Investment Required
         5.4    Market Opportunities
                  5.4.1    Publishing of Validated Data Related to the Efficacy of Simulation Systems: A Strong Opportunity

         6.1    Conventional Surgery and Minimally Invasive Surgery Simulation Platforms
         6.2    Robotic Surgery Simulation Platforms

         7.1.1    General Surgery
         7.1.2    Gynaecology Surgery
         7.1.3    Urology Surgery
         7.1.4    Orthopaedic Surgery
         7.1.5    Neurological Surgery
         7.1.6    Cardiological Surgery
         7.1.7    Other Surgical Applications

         8.1    Hospitals
         8.2    Academic Institutes and Teaching Hospitals
         8.3    Commercial Simulation Centre

         9.1    North America
                  9.1.1    U.S.
                  9.1.2    Canada
        9.2     Europe
                  9.2.1    Germany
                  9.2.2    France
                  9.2.3    U.K.
                  9.2.4    Italy
                  9.2.5    Spain
                  9.2.6    Belgium
                  9.2.7    Sweden
                  9.2.8    Switzerland
                  9.2.9    Rest-of-Europe
         9.3    Asia-Pacific
                  9.3.1    Japan
                  9.3.2    China
                  9.3.3    Australia
                  9.3.4    South Korea
                  9.3.5    India
                  9.3.6    Rest-of-Asia-Pacific
         9.4    Rest-of-the-World (RoW)
                  9.4.1    Latin America
                  9.4.2    Middle East and Africa

           10.1    Overview
           10.2    3D Systems
                      10.2.1    Company overview
                      10.2.2    Role of 3D Systems in the Global Robotics Surgical Simulation Systems Market
                      10.2.3    Financials
                                    10.2.3.1    Key Insights on the Financial Health of the Company
                      10.2.4    SWOT Analysis
           10.3    CAE Inc.
                      10.3.1    Company overview
                      10.3.2    Role of CAE Inc. in the Global Robotics Surgical Simulation Systems Market
                      10.3.3    Financials
                                    10.3.3.1    Key Insights on the Financial Health of the Company
                      10.3.4    SWOT Analysis
            10.4    Intuitive Surgical, Inc.
                       10.4.1    Company overview
                       10.4.2    Role of Intuitive Surgical, Inc. in the Global Robotics Surgical Simulation Systems Market
                       10.4.3    Financials
                       10.4.4    Key Insights on the Financial Health of the Company
                       10.4.5    SWOT Analysis
             10.5    Mentice AB
                        10.5.1    Company overview
                        10.5.2    Role of Mentice AB in the Global Robotics Surgical Simulation Systems Market
                        10.5.3    Financials
                                      10.5.3.1    Key Insights on the Financial Health of the Company
                        10.5.4    SWOT Analysis
             10.6    Mimic Technologies, Inc.
                        10.6.1    Company Overview
                        10.6.2    Role of Mimic Technologies, Inc. in the Global Robotics Surgical Simulation Systems Market
                        10.6.3    SWOT Analysis
             10.7    Simulated Surgical Systems, LLC
                        10.7.1    Company overview
                        10.7.2    Role of Simulated Surgical Systems LLC in the Global Robotics Surgical Simulation Systems Market
                        10.7.3    SWOT Analysis
             10.8    Touch of Life Technologies (ToLTech)
                        10.8.1    Company overview
                        10.8.2    Role of Touch of Life Technologies (ToLTech)in the Global Robotics Surgical Simulation Systems Market
                        10.8.3    SWOT Analysis
              10.9    VirtaMed AG
                        10.9.1    Company overview
                        10.9.2     Role of VirtaMed AG in the Global Robotics Surgical Simulation Systems Market
                        10.9.3     SWOT Analysis
             10.10   Voxel-Man
                        10.10.1    Company overview
                        10.10.2    Role of Voxel-Man in the Global Robotics Surgical Simulation Systems Market
                        10.10.3    SWOT Analysis
             10.11   VRmagic
                        10.11.1    Company overview
                        10.11.2    Role of VRmagic in the Global Robotics Surgical Simulation Systems Market
                        10.11.3    SWOT Analysis

Table 1:    Impact Analysis of Market Drivers and Market Restraints, 2019-2024
Table 2.1:    Robotic-Assisted Surgical Training Centres in the U.K
Table 5.1:    Impact Analysis of Global Robotics Surgical Simulation Systems Market
Table 5.2:    Cost of Leading Robotics Surgical Simulation Systems:
Table 6.1:    Products Currently Offered by the Key Market Players
Table 6.2:    Products Currently offered by the Key market Players
Table 8.1:    Types of Physical Simulation Settings
Table 9.1:    Training Centres for Robotic Fellowship Programs in the U.K

Figure 1:    Surgical Error Incidence (by Country), 2008-2018
Figure 2:    Share of Key Developments and Strategies, January 2015-July 2019
Figure 3:    Leading Players in the Global Robotics Surgical Simulation Systems
Figure 4:    Global Robotics Surgical Simulation Systems, 2018-2024
Figure 5:    Global Robotics Surgical Simulation Systems Market Share (By Product),2018 and 2024
Figure 6:    Global Robotics Surgical Simulation Systems Market (By Application),  2018 and 2024
Figure 7:    Global Robotics Surgical Simulation Systems (by End User)
Figure 8:    Global Robotics Surgical Simulation Systems Regional Snapshot
Figure 1.1:    Global Robotics Surgical Simulation Systems Market Segmentation
Figure 1.2:    Global Robotics Surgical Simulation Systems Market Research Methodology
Figure 1.3:    Primary Research
Figure 1.4:    Secondary Research
Figure 1.5:    Data Triangulation
Figure 1.6:    Bottom-up Approach (Segment-wise Analysis)
Figure 1.7:    Top-Down Approach (Segment-wise Analysis)
Figure 1.8:    Assumptions and Limitations
Figure 2.1:    Types of Manufacturers in the Industry
Figure 2.2:    Clinical Impact of VR Surgical Simulation Systems
Figure 3.1:    Share of Key Developments and Strategies, January 2015- June 2019
Figure 3.2:    Product Launches and Enhancement Share (by Company), January 2015-November 2018
Figure 3.3:    Agreement, Distribution Agreements and Partnership Share (by Company), January 2015- June 2019
Figure 3.4:    Business Expansions Share (by Company), January 2015- June 2019
Figure 3.5:    Market Share Analysis, 2017 and 2018: Global Robotics Surgical Simulation Systems Market
Figure 3.6:    Growth Share Matrix for Global Robotics Surgical Simulation Systems Market (by Application), 2018-2024
Figure 3.7:    Growth Share Matrix for Global Robotics Surgical Simulation Systems Market (by Product), 2018-2024
Figure 3.8:    Growth Share Matrix for Global Robotics Surgical Simulation Systems Market (by Region), 2018-2024
Figure 4.1:    Global Footprint:  Robotics Surgical Simulation Systems Market, 2018-2024
Figure 6.1:    Global Robotics Surgical Simulation Systems Market (by Product Type)
Figure 6.2:    Global Robotics Surgical Simulation Systems Market (by Product Type), 2018 and 2024
Figure 6.3:    Global Robotics Surgical Simulation Systems Market (Conventional Surgery and Minimally Invasive Surgery Simulation Platforms), 2018-2024
Figure 6.4:    Global Robotics Surgical Simulation Systems Market (Robotic Surgery Simulation Platform), 2018-2024
Figure 7.1:    Global Robotics Surgical Simulation Systems Market (by Application)
Figure 7.2:    Global Robotics Surgical Simulation Systems Market Share (by Application), 2018 and 2024
Figure 7.3:    Global Robotics Surgical Simulation Systems Market (General Surgery), 2018-2024
Figure 7.4:    Global Robotics Surgical Simulation Systems Market (Gynaecology Surgery), 2018-2024
Figure 7.5:    Global Robotics Surgical Simulation Systems Market (Urology Surgery),  2018-2024
Figure 7.6:    Global Robotics Surgical Simulation Systems Market (Orthopaedic Surgery), 2018-2024
Figure 7.7:    Global Robotics Surgical Simulation Systems Market (Neurological Surgery), 2018-2024
Figure 7.8:    Global Robotics Surgical Simulation Systems Market (Cardiological Surgery), 2018-2024
Figure 7.9:    Global Robotics Surgical Simulation Systems Market (Other Surgical Applications), 2018-2024
Figure 8.1:    Global Robotics Surgical Simulation Systems Market (by End User)
Figure 8.2:    Global Robotics Surgical Simulation Systems Market (by End User),  2018 and 2024
Figure 8.3:    Global Robotics Surgical Simulation Systems Market (Hospitals), 2018-2024
Figure 8.4:    Global Robotics Surgical Simulation Systems Market (Academic Institutes and Teaching Hospitals), 2018-2024
Figure 8.5:    Global Robotics Surgical Simulation Systems Market (Commercial Simulation Centres), 2018-2024
Figure 9.1:    Global Robotics Surgical Simulation Systems Market Scenario, 2018 and 2024
Figure 9.2:    Global Robotics Surgical Simulation Systems Market Share (by Region), 2018 and 2024
Figure 9.3:    North America: Robotics Surgical Simulation Systems Market
Figure 9.4:    North America: Market Dynamics
Figure 9.5:    North America: Robotics Surgical Simulation Systems Market (by Country), 2018 and 2024
Figure 9.6:    U.S.: Robotics Surgical Simulation Systems Market, 2018-2024
Figure 9.7:    Canada: Robotics Surgical Simulation Systems Market, 2018-2024
Figure 9.8:    Europe: Robotics Surgical Simulation Systems Market (2018-2024)
Figure 9.9:    Europe: Market Dynamics
Figure 9.10:    Europe: Robotics Surgical Simulation Systems Market (by Country),  2018 and 2024
Figure 9.11:    Germany: Robotics Surgical Simulation Systems Market, 2019-2024
Figure 9.12:    France: Robotics Surgical Simulation Systems Market, 2018-2024
Figure 9.13:    U.K.: Robotics Surgical Simulation Systems Market, 2018-2024
Figure 9.14:    Italy: Robotics Surgical Simulation Systems Market, 2018-2024
Figure 9.15:    Spain: Robotics Surgical Simulation Systems Market, 2018-2024
Figure 9.16:    Belgium Robotics Surgical Simulation Systems Market, 2018-2024
Figure 9.17:    Sweden: Robotics Surgical Simulation Systems Market, 2018-2024
Figure 9.18:    Switzerland: Robotics Surgical Simulation Systems Market, 2018-2024
Figure 9.19:    Rest-of-Europe: Robotics Surgical Simulation Systems Market, 2018-2024
Figure 9.20:    Asia-Pacific: Robotics Surgical Simulation Systems Market, 2018-2024
Figure 9.21:    Asia-Pacific: Market Dynamics
Figure 9.22:    Asia-Pacific: Robotics Surgical Simulation Systems Market (by Country), 2018 and 2024
Figure 9.23:    Japan: Robotics Surgical Simulation Systems Market, 2018-2024
Figure 9.24:    China: Robotics Surgical Simulation Systems Market, 2018-2024
Figure 9.25:    Australia: Robotics Surgical Simulation Systems Market, 2018-2024
Figure 9.26:    South Korea: Robotics Surgical Simulation Systems Market, 2018-2024
Figure 9.27:    India: Robotics Surgical Simulation Systems Market, 2018-2024
Figure 9.28:    Rest-of-Asia-Pacific-: Robotics Surgical Simulation Systems Market,  2018-2024
Figure 9.29:    Rest-of-the-World: Market Dynamics
Figure 9.30:    Rest-of-the-World: Robotics Surgical Simulation Systems Market (by Region), 2018 and 2024
Figure 9.31:    Latin America: Robotics Surgical Simulation Systems Market, (2018-2024)
Figure 9.32:    Middle East and Africa: Robotics Surgical Simulation Systems Market,  (2018-2024)
Figure 10.1:    Shares of Key Companies Profiled
Figure 10.2:    3D Systems, Inc.: Product Offerings for the Global Robotics Surgical Simulation Systems Market
Figure 10.3:    3D Systems: Overall Financials, 2016-2018
Figure 10.4:    3D Systems Net Revenue (by class of Product and Service), 2016-2018
Figure 10.5:    3D Systems: Net Revenue (by Region), 2016-2018
Figure 10.6:    3D Systems: R&D Expense, 2016-2018
Figure 10.7:    SWOT Analysis: 3D Systems
Figure 10.8:    CAE Inc.: Product Offerings for the Global Robotics Surgical Simulation Systems Market
Figure 10.9:    CAE Inc.: Overall Financials, 2016-2018
Figure 10.10:    CAE Inc. Net Revenue (by Business Segment), 2017-2019
Figure 10.11:    CAE Inc.: Net Revenue (by Region), 2017-2019
Figure 10.12:    CAE Inc.: R&D Expense, 2017-2019
Figure 10.13:    SWOT Analysis: CAE, Inc.
Figure 10.14:    Intuitive Surgical, Inc.: Product Offerings for the Global Robotics Surgical Simulation Systems Market
Figure 10.15:    Intuitive Surgical, Inc.: Overall Financials, 2016-2018
Figure 10.16:    Intuitive Surgical, Inc. Net Revenue (by Business Segment), 2017-2019
Figure 10.17:    Intuitive Surgical, Inc.: Net Revenue (by Region), 2017-2019
Figure 10.18:    Intuitive Surgical, Inc.: R&D Expense, 2017-2019
Figure 10.19:    SWOT Analysis: Intuitive Surgical, Inc
Figure 10.20:    Mentice AB: Product Offerings for the Global Robotics Surgical Simulation Systems Market
Figure 10.21:    Mentice AB: Overall Financials, 2016-2018
Figure 10.22:    Mentice AB Net Revenue (by Business Segment), 2017-2019
Figure 10.23:    Mentice AB: Net Revenue (by Region), 2017-2019
Figure 10.24:    Mentice AB: R&D Expense, 2017-2019
Figure 10.25:    SWOT Analysis: Mentice AB
Figure 10.26:    Mimic Technologies, Inc.: Product Offerings for the Global Robotics Surgical Simulation Systems Market
Figure 10.27:    SWOT Analysis: Mimic Technologies, Inc.
Figure 10.28:    Simulated Surgical Systems LLC: Product Offerings for the Global Robotics Surgical Simulation Systems Market
Figure 10.29:    SWOT Analysis: Simulated Surgical Systems, LLC.
Figure 10.30:    Touch of Life Technologies (ToLTech): Product Offerings for the Global Robotics Surgical Simulation Systems Market
Figure 10.31:    SWOT Analysis: Touch of Life Technologies (ToLTech)
Figure 10.32:    VirtaMed AG: Product Offerings for the Global Robotics Surgical Simulation Systems Market
Figure 10.33:    SWOT Analysis: VirtaMed AG
Figure 10.34:    Voxel-Man: Product Offerings for the Global Robotics Surgical Simulation Systems Market
Figure 10.35:    SWOT Analysis: Voxel- Man
Figure 10.36:    VRmagic: Product Offerings for the Global Robotics Surgical Simulation Systems Market
Figure 10.37:    SWOT Analysis: VRmagic

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