Pramod Kumar

1 year ago · 1 min. reading time · 0 ·

Contact the author

Like Share Comment
Blogging
>
Pramod blog
>
Why is Increasing Geriatric Population Driving Surgical Simulation Market?

Why is Increasing Geriatric Population Driving Surgical Simulation Market?

The global surgical simulation market generated a revenue of $337.4 million in 2019, and is expected to grow at a 16.4% CAGR during the forecast period (2020–2030), as stated by a P&S Intelligence report. The key factors resulting in the growth of the market are the rising popularity of minimally invasive surgeries (MIS), surging volume of surgeries, advancements in the medical device technology, and rising geriatric population. Surgical simulation solutions are utilized for creating realistic scenarios for student, so that they can acquire necessary skills.


Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/surgical-simulation-market/report-sample

COIVD-19

impact analysis on
SURGICAL
SIMULATION MAR
which stood at
$337.4 million in 20
Insights on strategie
of key players

When offering is taken into consideration, the market is bifurcated into services and products, between which, the products division has been dominating the surgical simulation market up till now. The surging volume of surgeries across the globe is creating high demand for training through simulation. The products division is further classified into neurological, arthroscopic, gynecological, cardiac, laparoscopic, and endoscopic. The services division is projected to demonstrate higher CAGR during the forecast period, since having technical knowledge is also important.


Geographically, the surgical simulation market was dominated by North America during the historical period (2014–2019). The software and equipment vendors are widely collaborating with medical and research centers. In addition to this, the rising number of surgical procedures and increasing healthcare expenditure are leading to the high demand for surgical simulation solutions in the region. The Asia-Pacific region is predicted to progress at the fastest pace during the forecast period due to increasing aging population.


The growing number of aged people across the globe is a major driving factor of the surgical simulation market. For example, according to the American Geriatrics Society, more than 20% of the population in the U.S. would be above the age of 65 years by 2030. As compared to younger people, aged people are more susceptible to developing chronic health problems, owing to which, they need regular medical intervention. This can be in the form of medication or surgeries, which is driving the market.


Hence, the market is being driven by the surging geriatric population and increasing awareness in emerging economies.


Like Share Comment
Comments

More articles from Pramod Kumar

View blog
1 week ago · 1 min. reading time

The · medical aesthetics market · will grow at a significant growth rate in the years to come. Medic ...

2 weeks ago · 1 min. reading time

With the increasing burden of diseases around the world, the demand for various pharmaceutical produ ...

1 month ago · 1 min. reading time

In 2021, the global · DNA extraction kit market revenue was $1,354.4 million, which is predicted to ...

You may be interested in these jobs

  • Bosch Global Software Technologies Private Limited

    IN_BGSW_SAP MDG Consultant Template_IN

    Found in: Talent IN - 3 days ago


    Bosch Global Software Technologies Private Limited Bengaluru Full time

    Job Description · Graduate, engineering would be preferable. · Should have at least 2 years of experience each in SAP MDM , Core OO ABAP, Web Dynpro and one year each in Workflow – Standard and BRF+ · Good knowledge on RICEFW, BRF+, Webdynpro, FPM, BAPI, BADi, Webservice, IDoc · ...

  • India

    Backend Distributed System Engineer-MTS/SMTS/LMTS

    Found in: Recruit.net IN Premium - 1 day ago


    India Bangalore

    To get the best candidate experience, please consider applying for a maximum of 3 roles within 12 months to ensure you are not duplicating efforts. · Job Category · Products and TechnologyJob Details · Our Security Software Engineering team builds and operates highly scalable, fa ...

  • LeftWrite Digital

    Senior Content Writer  ( 2

    Found in: Talent IN - 6 days ago


    LeftWrite Digital Surat

    Job Description · We need exceptional writers that love writing and are genuinely passionate about it. Be a part of a work environment and a culture that promotes new ideas and aims to do things differently and at the highest level. With us you'll work with a group of high-spirit ...