The global healthcare/medical simulation market is growing significantly due to technological advancements and increasing demand for minimally invasive procedures. Massive unexplored healthcare/medical simulation market in emerging economies and lack of service providers are creating ample opportunities for the global healthcare/medical simulation market to grow at a considerable rate in the coming years. However, lack of adequate input data for medical simulation models is a major challenge in the global healthcare and medical simulation market. Medical simulation trains medical professionals to minimise errors during surgical procedures by using advanced techniques of simulation. The simulated animations help students to understand the complexity of medical procedures through computer-based virtual patients.
Adoption of medical simulation technology in hospitals and academic institutes worldwide in order to reduce the medical errors and improve patient safety is a trend in healthcare/medical simulation market. Deaths occurring due to medical mistakes are major concern across the globe. According to a report published in September 2013, in the Journal of Patient Safety, more than 440,000 people die every year due to preventable medical errors. Healthcare simulation may simulate critical medical conditions without any harm to patients; this in turn helps medical professionals to evaluate their practices and reduce their mistakes. Medical simulation is capable of reproducing critical events over and over again and hence, explores consequences of each error or mistake made.
The healthcare/medical simulation market can be categorized on the basis of product and services, and end-users. Based on product and services, healthcare/medical simulation market can be categorized as simulation software, simulation training services, web-based simulation, and mannequin-based simulation. Simulation software segment includes performance recording software and virtual tutors. The simulation training services segment includes custom consulting services, vendor-based training, and educational societies.
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Some of the major players operating in the global healthcare/medical simulation market are Laerdal Medical As, 3D Systems, Inc., CAE, Inc., Kyoto Kagaku Co., Ltd., Limbs & Things, Ltd., Gaumard Scientific Company, Inc., Simulab Corporation, Surgical Science Sweden Ab, and Mentice Ab.
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