Blast simulators are capable of applying blast-like loading to components in a safe and controlled laboratory environment, overcoming the inherent shortcomings of blast testing in terms of data acquisition, test cycle time, and cost. In this paper, reasonable assumptions and refinements are made to the components and shape of the impact module, a key component of the blast simulator, to achieve diversity in simulated blast loading. By designing four rubber shapes, the importance of ellipsoid rubber as an elastic cushion for simulating blast loading was determined. In order to assess the effectiveness of this optimization, numerical calculations based on a calibrated finite element model were performed around four factors: flat rubber thickness, ellipsoid rubber thickness, impact velocity, and impact modulus mass. Additionally, a grey correlation sensitivity analysis was carried out to evaluate the effect of these factors on the impact loading on the reinforced concrete (RC) slab. The results indicate that peak pressure and impulse had opposite sensitivities to velocity and mass. Changes in ellipsoid rubber thickness had a more positive effect on the impact loading than flat rubber thickness. An in-depth study of the role of these influencing factors is important for the design and improvement of impact modules.