Simulation is the artificial representation of a complex real-world process with sufficient fidelity with the aim to facilitate learning through immersion, reflection, feedback, and practice minus the risks inherent in a similar real-life experience. Medical simulation offers numerous potential strategies for comprehensive and practical training, and safer patient care. It is a technique, rather than just a technology that promotes experiential and reflective learning. It is derived from the aviation industry, which has utilized simulation-based learning practices to train pilots since the First World War. It allows the safe training of learners engaging in activities that would otherwise be too dangerous to practice. “Meticulous Research” in its latest publication states that, the “global market for medical simulation is expected to grow at a CAGR of 15.0% from 2017 to 2022 to reach $2,281.0 million by 2022.”
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This growth is primarily driven by the growing need to curtail mounting healthcare costs which is primarily attributed to the shortage of healthcare professional, increased healthcare spending, increased administrative expenses, changing lifestyle choices, availability of high end technologies, and growing population in general.
Getting under the knife has always been a psychological fear factor that kept many people from getting treated on time; Ever since its inception, the minimal invasive surgeries has changed the entire surgical scenario and have impacted the surgical community significantly by conquering the fear factor of knife among the patients. The popularity of the minimal invasive surgeries is not limited to being the alternative of invasive therapies, as it also takes the short procedure time, less pain, shorter length of hospital stay, fast recovery, and less blood loss during the treatment. Cited to such benefits many healthcare organizations have been rooting for minimal invasive surgeries. For instance, Society of Laparoscopic Surgeon (SLS) and American Institute of Minimally Invasive Surgery (AIMIS) have been promoting and educating the healthcare providers for decades. Also, the minimal invasive surgeries have wide application areas that include surgical procedures in cardiothoracic, orthopedic, gynecologic, gastrointestinal, and other surgeries.
In addition, the cost-effectiveness of treatments involving minimally invasive medical devices will accelerate adoption of this technology by surgeons. Laparoscopic surgeries, other image guided surgeries, and robotic surgeries are the major type of minimal invasive surgeries used by the medical community. Rising incidences of chronic disorders such as cancer have further raised importance of minimal invasive surgeries, as most of the cancer ablation procedures are done by this. These surgeries are complex procedures and require lot of training well before operating on the patient. In this case, medical simulation technologies play a vital role in order to help surgeons acquire skills required for such surgeries, thereby reducing the medical errors.
The report provides meticulous analysis of medical simulation market on the basis of product (patient simulators, task trainers, web-based simulation, surgical simulators, simulation software, endovascular simulators, ultrasound simulators, and simulation accessories), services (educational services, hospital services, vendor-based services), end-user (academic institutes, hospitals, military, emergency medical services, and voluntary organizations), and geography.
The key players analyzed in the medical simulation market are Laerdal Medical, Gaumard Scientific Company, Inc., CAE Healthcare, Inc, Limbs & Things, Ltd, Mentice Ab, Kyoto Kagaku Co., Ltd., Simulab Corporation, Simulaids, Inc., Surgical Science AB, Adam Rouilly, Altay Scientific, Yuan Technology Limited, KaVo Dental GmbH, IngMar Medical, MediShield B.V, Medical Simulation Corporation (MSC), 3D Systems (Simbionix), Simendo, 3B Scientific, 3-DMED, Tellyes Scientific Co., Ltd, and Trucorp Ltd.
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