MEDICAL SIMULATION MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Continuous technological advancements

Technological advancements and innovations in healthcare facilities worldwide have propelled the growth of Minimally Invasive Surgery (MIS) as the preferred surgical procedure across various medical disciplines. MIS, encompassing techniques like laparoscopy, cardiac surgeries, gynecology, and orthopedics, holds a crucial position in modern surgery, serving as an alternative to traditional open surgery. A research article titled 'Comparison of Patient Preference, Understanding, and Sentiment for Minimally Invasive Versus Open Spine Surgery', was published in Clinical Spine Surgery. For instance, In march 2021, VIRTAMED, a Swiss company, has developed a Gynecological Laparoscopy Simulator technology and recently introduced a validated mixed reality training platform for hysteroscopy and gynecological laparoscopy. In 2021, VirtaMed updated its hysteroscopy training program to incorporate 16 cases for MyoSure tissue removal. For instance, in February 2022, highlights the key criteria influencing patients' choice between open and minimally invasive surgery (MIS). Long-term outcomes, surgeon's recommendation, and complication risk emerge as the most significant factors. Patients perceive MIS surgery to offer advantages over open surgery in terms of postoperative pain, complication risk, recovery time, cost, and anesthesia requirement. The majority of patients express a preference for a minimally invasive approach to their treatment, viewing it more favorably than open surgery overall. Consequently, an increase in demand for MIS procedures is expected to drive growth in the medical simulation market.