Healthcare stimulation technology is used for reproducing the clinical environment/situation as it creates reel life scenarios of interactive videos, medical conditions to get a good knowledge and understanding regarding operations performed during the training of healthcare professionals. Healthcare simulators are artificial representation that are used in teaching and learning applications in research and medical institutes. The number of research and medical institute is growing across the globe and China is one of the leading nations for healthcare simulators as the adoption of this technology is high in this country.
The global and Chinese healthcare simulators market is expected to be valued US$ 1,913.9 Mn in 2021 and is anticipated to witness a CAGR of 14.9% during the forecast period (2021-2028).
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Impact of COVID-19:
Covid-19 pandemic lucratively affected the global and Chinese healthcare simulators market. For instance, the Department of Health Security Preparedness of the World Health Organization (WHO) has created packages of simulation exercises that consist tabletop exercise as well as drills such as vaccines drills. In a tabletop simulation exercise, a PowerPoint presentation is offered for supporting the package facilitation. It includes supply chain and communication strategies, public health and social measures, regulatory and safety issues, infection prevention facility and health facility.
Major players in the market are focusing on adoption of various inorganic growth strategies such as collaboration for expansion of R&D activities, and this in turn is expected to propel growth of the global and Chinese healthcare simulators market over the forecast period. For instance, in October 2021, the University of Virginia entered into collaboration with the School of Nursing for use of resources and space in the centralized building for management matching workloads reducing the cost of advanced simulators.
Moreover, market players are focusing on getting grants for healthcare simulators for developments and training in healthcare services, which is expected to augment growth of the global and Chinese healthcare simulators market over the forecast period. For instance, in September 2021, Certara, leading provider of drug development services and software received approval from the U.S. Food and Drug Administration (FDA) for its advance virtual Bioequivalence (BE) assessment of generic medicine with the use of bio simulation.
Furthermore, rise in awareness regarding simulators is also anticipated to propel growth of the global and Chinese healthcare simulators market during the forecast period. For instance, the Society for Simulation in Healthcare, a leading community for improving healthcare practices celebrated Healthcare Simulation Week 2021, from September 13, 2021 to September 19, 2021.
Factors such as high cost of medical simulators directed for education and training purposes is likely to hinder growth of the global and Chinese healthcare simulators market over the forecast period. For instance, in September 2021, a team of scientists from West Virginia University, U.S. revealed that cadaver-based simulation, which uses human dead body as simulator for training purposes costs nearly US$ 3,000 to 10,000. They also explained that the cost of virtual atlas of human anatomy goes around US$ 100 for personal use, whereas the cost of BodyViz anatomy goes around US$ 6,000-18,000.
North America among regions is anticipated to witness significant growth in the global and Chinese healthcare simulators market over the forecast period. This is due to market players increasingly adopting inorganic growth strategies such as partnerships, collaborations as well as agreements. For instance, in July 2021, CAE Healthcare entered into partnership for simulation research with The Rush Center, an educational institute by Society for Simulation Health (SSH) and American College of Surgeons (ACS) in order to offer advanced medical simulation technology to students and for enhancing safety of patients.
Moreover, Europe is anticipated to witness robust growth in the global and Chinese healthcare simulators market over the forecast period. This growth can be attributed to rise in R&D activities in the region by research institutes and market players. For instance, In Novemberr 2021, AIBODY, a company working in advanced healthcare technology launched its first digital human organism at MEDICA 2021 that can replicate the realistic pulmonary, cardiovascular as well as bleeding processes with organ system.
Key players functioning in the global and Chinese healthcare simulators market are Adam Rouilly Ltd., Laerdal Medical, Surgical science AB, 3M, Kavo Dental , 3D Systems, Tellyes Scientific Co. Ltd., Simulab Corporation, Fujian Zhongli Co., Simulaids Inc., Trandomed 3D , Kyoto Kagaku, BT INC., Mentice, Limbs & Things, Medaphor, Gaumard Scientific Company, and CAE Healthcare.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global and Chinese Healthcare Simulators Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Global and Chinese Healthcare Simulators Industry Impact
Chapter 2 Global Global and Chinese Healthcare Simulators Competition by Types, Applications, and Top Regions and Countries
2.1 Global Global and Chinese Healthcare Simulators (Volume and Value) by Type
2.3 Global Global and Chinese Healthcare Simulators (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Global and Chinese Healthcare Simulators Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Global and Chinese Healthcare Simulators Market Analysis
Chapter 6 East Asia Global and Chinese Healthcare Simulators Market Analysis
Chapter 7 Europe Global and Chinese Healthcare Simulators Market Analysis
Chapter 8 South Asia Global and Chinese Healthcare Simulators Market Analysis
Chapter 9 Southeast Asia Global and Chinese Healthcare Simulators Market Analysis
Chapter 10 Middle East Global and Chinese Healthcare Simulators Market Analysis
Chapter 11 Africa Global and Chinese Healthcare Simulators Market Analysis
Chapter 12 Oceania Global and Chinese Healthcare Simulators Market Analysis
Chapter 13 South America Global and Chinese Healthcare Simulators Market Analysis
Chapter 14 Company Profiles and Key Figures in Global and Chinese Healthcare Simulators Business
Chapter 15 Global Global and Chinese Healthcare Simulators Market Forecast (2022-2028)
Chapter 16 Conclusions
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