Medical Simulation Market Size, Competitive Strategies, Application Analysis, Regional, and Forecasts 2019 To 2030

November 16th, 2020 Releases

Medical simulation market is estimated to be over US$ 1,400 Mn in 2018. It is anticipated to grow at a CAGR of 14.4% from 2019 to 2030.

The continual growth of the medical simulation market can be attributed to several factors which have led to wide-scale adoption of these products. These medical simulation products are extensively used for increasing focus on patient safety. As there is an increasing demand for minimally invasive procedures, it is anticipated to further contribute to the substantial growth of the global medical simulation market between 2019 and 2030. To obtain better insights regarding the market scenario, prominent players are increasingly focusing on innovation and advancements in technologies. For instance, American Society of Anesthesiologists and CAE healthcare launched first-of-its-kind interactive simulation product called Anesthesia SimSTAT. However, the high cost of medical simulators can hamper the growth of the overall market.

Major Key Players of the Medical Simulation Market are:
CAE Inc., 3D Systems Inc., Laerdal Medical AS, Guamard Scientific, Mentice AB, Limbs & Things Ltd., Simulaids Inc., Simulab Corporation, Kyoto Kagaku Co. Ltd., and Surgical Science Sweden AB among others.

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Over the period, the evolution in innovation and technology has played a vital role in contributing to the growth of the global medical simulation industry. Patient-Specific Virtual Reality Simulation is the new technological advancement that allows the practice of upcoming real operations and used for minimally invasive neurosurgery. CAE healthcare came up with CAE Luna infant simulator which is designed to fulfill clinical training requirements for neonatal and infant care. Furthermore, this simulator is also used to stimulate the critical newborn baby conditions that require an inter professional team response. 3D Systems announced its new Simbionix ARTHRO Mentor Express training simulator to help medical professionals to learn surgical procedures for knees, shoulders, and hips on a portable and affordable tabletop platform. Guanard Scientific has innovated the world’s most advanced pediatric patient simulator which is capable of simulating lifelike emotions through dynamic facial expressions, movement, and speech. These factors are anticipated to present a lucrative growth opportunity for the global medical simulation market in the coming years.

The Medical Simulation Market is segmented on the basis of Product & Services, Fidelity, End Users and region.

Major Product & Services of Medical Simulation Market covered are:

  • Healthcare Anatomical Models
  • Web-Based Simulators
  • Medical Simulation Software
  • Simulation Training Services

Major Fidelity of Medical Simulation Market covered are:

  • Low-fidelity
  • Medium-fidelity
  • High-fidelity

Major End Users of Medical Simulation Market covered are:

  • Academic Institutes
  • Hospitals
  • Research Centers and Others

Medical simulation training is an essential educational strategy to improve patient safety. It enables enhancing knowledge, skills, and attitudes to be acquired for healthcare in a safe, educationally oriented and efficient manner. Simulation deals with ethical advantages, medical accuracy, importance of training assessment and some new methods that teaches how to minimize and manage errors. Through medical simulation, healthcare professionals can learn by practicing skills and experiencing mistakes before interacting with an actual patient. Increasing focus on patient safety and professional training is anticipated to positively contribute to the growth of the global medical simulation market.

Research objectives:-

– To study and analyze the global Medical Simulation consumption (value & volume) by key regions/countries, product type and application, history data.

– To understand the structure of the Medical Simulation market by identifying its various sub-segments.

– Focuses on the key global Medical Simulation manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.

– To analyze the Medical Simulation with respect to individual growth trends, future prospects, and their contribution to the total market.

– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

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Table of Contents

  1. INTRODUCTION
    1. Market Definition
    2. Market Ecosystem
    3. Currency Used
  2. RESEARCH METHODOLOGY
    1. Research Framework
    2. Data Collection Technique
    3. Data Sources
    4. Market Estimation Methodology
    5. Data Validation and Triangulation
  3. ABSTRACT OF THE STUDY
  4. MARKET DYNAMICS ASSESMENT
    1. Overview
    2. Drivers
    3. Barriers/Challenges
    4. Opportunities
  5. UNIQUE SELLING PROPOSITIONS (USPs)
    1. Regulatory Landscape Assessment
    2. Application Horizon Assessment
    3. Technological Advancements
  6. GLOBAL MEDICAL SIMULATION MARKET – ANALYSIS & FORECAST, BY PRODUCT & SERVICES
    1. Healthcare Anatomical Models
      1. Patient Simulators
      2. Task Trainers
      3. Surgical Simulators
        1. Laparoscopic Surgical Simulators
        2. Arthroscopic Surgical Simulators
        3. Cardiovascular Simulators
        4. Gynecology Simulators
        5. Other Interventional Simulators
      4. Ultrasound Simulators
      5. Endovascular Simulators
      6. Dental Simulators
      7. Eye Simulators
    2. Web-based Simulators
    3. Medical Simulation Software
      1. Performance Recording  Software
      2. Virtual Tutors
    4. Simulation Training Services
      1. Vendor-based Training
      2. Educational Societies
      3. Custom Consulting Services
  7. GLOBAL MEDICAL SIMULATION MARKET – ANALYSIS & FORECAST, BY FIDELITY
    1. Low-fidelity
    2. Medium-fidelity
    3. High-fidelity
  8. GLOBAL MEDICAL SIMULATION MARKET – ANALYSIS & FORECAST, BY END USER
    1. Academic Institutes
    2. Hospitals
    3. Research Centers
    4. Others
  9. GLOBAL MEDICAL SIMULATION MARKET – ANALYSIS & FORECAST, BY REGION
    1. North America Medical Simulation Market
    2. Europe Medical Simulation Market
    3. Asia Pacific Medical Simulation Market
    4. Rest of the World (ROW) Medical Simulation Market
  10. COMPETETIVE LANDSCAPE
    1. Market Share Analysis (2018)
    2. Key Strategies Assessment
      1. New Product & Services Launches
      2. Merger & Acquisitions
      3. Agreements, Collaborations, & Partnerships
      4. Expansions
      5. Other Strategies
  11. COMPANY PROFILES (Business Overview, Products & Services Offered, Financial Performance, R&D Intensity, Marketing & Sales Intensity, Recent Developments, Analyst Corner)*
    1. CAE Inc.
    2. 3D Systems Inc.
    3. Laerdal Medical AS
    4. Guamard Scientific
    5. Mentice AB
    6. Limbs & Things Ltd.
    7. Simulaids Inc.
    8. Simulab Corporation
    9. Kyoto Kagaku Co. Ltd.
    10. Surgical Science Sweden AB

*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain

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In the end, Medical Simulation industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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