Number of pages: 100-120 | Report Format: PDF | Published date: 28 January, 2022
Historical Years – 2018 & 2019 | Base Year – 2020 | Forecasted Years – 2021 to 2031
Market Fundamentals
Medical simulation is a modern methodology used for training medical students and professionals. It was derived from the aviation industry where simulation-based practices were used to train pilots after the First World War. According to Healthcare Simulation Dictionary, in health care simulation, professional and/or amateur people are trained to reproduce the components of real clinical experience, especially involving communication between health professionals and patients or colleagues. Medical simulation helps in improving procedural comfort and maintains patient safety.
Simulation can either be low, medium, or high fidelity depending upon the goal of the exercise. Low fidelity simulations are performed using minimal equipment. They are generally useful in low-resource areas as well as for the training of specific tasks. High-fidelity simulation involves the use of advanced equipment and technologies. These simulators are also known as human patient simulators and they mimic human anatomy and physiology and can be used for the training of surgical procedures.
[34233423]
Market Dynamics
The global medical simulation market is mainly driven by increasing demand by healthcare professionals to gain clinical skills through hands-on practice. Integration of Virtual Reality (VR) and Augmented Reality (AR) in the healthcare sector and increasing adoption of advanced technologies are also playing a pivotal role in contributing to the market growth globally. However, the high cost of simulators and incomplete mimicking of human body functions are some of the factors hindering the market growth to a certain extent.
Market Ecosystem
The global medical simulations market has been analyzed from three perspectives: Products & Services, End User, and Region.
Medical simulation Market by Products & Services
Based on products & services, the medical simulation market has been segmented into anatomical models, web-based simulation, simulation software, and simulation training services. Anatomical models are further segmented into patient simulators (low fidelity simulator, medium-fidelity simulator, and high-fidelity simulator), surgical simulators (cardiovascular simulators, laparoscopic simulators, gynecology simulators, orthopedic simulators, and other surgical simulators), task trainers, ultrasound simulators, endovascular simulators, eye simulators, and dental simulators. The anatomical models segment held the largest market share in 2020. The largest share of this segment can be attributed to the increasing adoption of anatomical models in medical institutes and the increasing number of product launches.
Medical Simulation Market by End User
[78453]
Based on end-user, the market has been segmented into academic institutes & research centers, hospitals, and military organizations. Academic institutes & research centers segment held the largest market share owing to the increasing use of medical simulation products in academic institutes & research centers to enhance the training of medical students.
Medical simulation Market by Region
Based on region, the global medical simulation market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America held the largest market share in the global medical simulation market. Factors such as developed healthcare infrastructure and increasing adoption of virtual training in medical institutes are driving the market growth in this region. Increasing focus on patient safety, presence of a well-established distribution channel, and launch of advanced medical simulation products & services for training are some of the other factors that are anticipated to propel the market growth during the forecast period. For instance, in Jun 2018, 3D Systems launched Demand Anatomical Modeling Service for 3D printed medical models. The service provides medical professionals access to highly detailed & 3D printable anatomical models for improving surgical planning and patient education.
Competitive Landscape
Some of the prominent players operating in the global medical simulation market includes:-
Strategic Developments
|
Report Attribute |
Details |
|
Historical Period |
2018 & 2019 |
|
Base year for estimation |
2020 |
|
Forecast period |
2021-2031 |
|
Market size in 2020 |
USD ~1.7 billion |
|
Market size in 2031 |
USD ~7.5 billion |
|
Growth Rate |
14.4% |
|
Segments covered |
Products & Services, End-User |
|
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
The global medical simulations market was estimated to clock US$ ~1.7 billion in 2020
The medical simulations market is projected to reach US$ ~7.5 billion by 2031
The global medical simulation market is mainly driven by increasing demand by healthcare professionals to gain clinical skills through hands-on practice.
CAE Healthcare, Inc, Simulab Corporation, 3D Systems, Inc, Cardionics, Simulaids, Mentice, Laerdal Medical, Kyoto Kagaku Co., Ltd, Gaumard Scientific, Intelligent Ultrasound (MedaPhor Ltd.), Limbs & Things LTD
The growth rate of medical simulations market is CAGR of ~14.4% between 2021-2031
North America held the largest market share of the global medical simulations market in 2020
