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Healthcare Simulation Market Size, Share | 2020-2027

09.10.2022 · Posted in Writing and Speaking

Medical Simulation Market

The Medical Simulation Market is estimated to grow at a robust CAGR during the forecast period (2020-2027).

The factors driving the growth of Medical Simulation Market includes growing demand for minimally invasive treatments, rising emphasis on patient’s safety, rise in the number of deaths in hospitals and rapid growth in the number of medical schools around the world. According to the report published by World Health Organization (WHO), 1 in every 10 patients is harmed while receiving healthcare service, out of which 50% of these accidents are preventable, this trend is expected to boost the Medical Simulation Market size in the approaching years. Moreover, shortage of skilled healthcare workers, technological advancements in medical simulation techniques and increasing investments by the leading players on research and development, are some of the additional factors supplementing the market growth. In addition, increasing sales of medical devices, growing population growth rates, rapid industrialization, rising disposable income and improvements in the living standards, are further propelling the market growth.

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However, the growth of Medical Simulation Market is hindered attributed to high cost of fidelity simulators.

The major players operating in the Medical Simulation Market includes Surgical Science Sweden AB, Gaumard Scientific Company, Inc., and Simulaids Inc., Limbs & Things Ltd, Kyoto Kagaku Co., Ltd, Mentice AB, 3D Systems, Inc, Simulab Corporation and CAE Inc and Laerdal Medical Ltd, among others, among others.

Product & Service: Segment Analysis

Based on Product & Service, the Anatomical Models segment is projected to expand at a remarkable CAGR over the forecast period attributed to growing adoption of advanced technologies in academics, and military organizations.

End Users: Segment Analysis

As per the Medical Simulation Market Report, the Academic Institutes segment is predicted to grow at a significant CAGR during the forecast period due to increase in the number of academic institutions and rising emphasis on ensuring safety.

Regional: Segment Analysis

Based on Region, the North American region is anticipated to capture the largest market share over the forecast period. The increasing Government funding to medical institutions, growing demand for advanced medical equipment’s, technological advancements in medical simulation, improved living standards and high per capita incomes, are some of the factors influencing the market growth in North America.

Market Segmentation

Global Medical Simulation Market by Product & Service

  • Anatomical Models
    • Patient Simulators
      • High-Fidelity Simulators
      • Medium Fidelity Simulators
      • Low Fidelity Simulators
    • Task Trainers
    • Interventional/Surgical Simulators
      • Laparoscopic Surgical Simulators
      • Gynecology Surgical Simulators
      • Cardiac Surgical Simulators
      • Arthroscopic Surgical Simulators
      • Other Interventional/Surgical Simulators
    • Endovascular Simulators
    • Ultrasound Simulators
    • Dental Simulators
    • Eye Simulators
  • Web-Based Simulation
  • Medical Simulation Software
    • Performance Recording Software
    • Virtual Tutors
  • Simulation Training Services
    • Vendor-Based Training
    • Educational Societies
    • Custom Consulting Services & Training Services

Global Medical Simulation Market by End Users

  • Academic Institutes
  • Hospitals
  • Military Organizations
  • Other End Users

Global Medical Simulation Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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