Healthcare Simulation Market Size, Share | 2020-2027

Healthcare Simulation Market Size, Share | 2020-2027

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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 ModelsPatient SimulatorsHigh-Fidelity Simulators
Medium Fidelity Simulators
Low Fidelity Simulators
Task Trainers
Interventional/Surgical SimulatorsLaparoscopic 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 SoftwarePerformance Recording Software
Virtual Tutors
Simulation Training ServicesVendor-Based Training
Educational Societies
Custom Consulting Services & Training Services
Global Medical Simulation Market by End Users

Academic Institutes
Military Organizations
Other End Users
Global Medical Simulation Market by Region

Asia PacificChina
Rest of APAC
North AmericaUnited States of America
EuropeUnited Kingdom
Rest of Europe
South Africa
Saudi Arabia
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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Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
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