Medical Simulation Market by Products & Services (Anatomical Models, Web-based Simulation, Simulation Software, and Simulation Training Services), End User (Academic Institutes & Research Centers, Hospitals, and Military Organizations) – Global Outlook & Forecast 2022-2030

Report Overview

The global medical simulation market was pegged at ~US$ 1.69 billion in 2021 and is expected to witness a CAGR of ~14.80% during the forecast period. 

Market Fundamentals 

Medical simulation is a modern methodology used for training medical students and professionals to give a prior hands-on and virtual experience with surgical procedures which helps them to reduce errors and sharpen their clinical and critical thinking skills for high-risk events. According to the National Library of Medicine, Rockville Pike Bethesda, MD, as many as 98,000 people die every year from medical neglection and errors that occur in hospitals. To minimize such events, a medical simulation program was introduced. The medical simulation 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 accessories and 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. 

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Market Dynamics

The global medical simulation market is mainly driven by increasing demand by healthcare professionals to gain clinical and critical thinking skills through simulation programs. Technological advancements in healthcare are breaking the boundaries of traditional treatment methods and are focused on improving patient safety. Introduction of AI, Robotics, and Integration of Virtual Reality (VR) and Augmented Reality (AR) are fulfilling the need for adoption of new treatment methods in the healthcare sector which is contributing to the market growth globally. However, being a novel technology, the cost of simulators is high and not affordable for many, and incomplete mimicking of human body functions are some of the factors hindering 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

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Based on products & services, the medical simulation market has been segmented into surgical artificial intelligence, 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 2021. The dominance of this segment is attributed to the increasing demand for anatomical models in medical research institutes for a better understanding of anatomy and physiology and to reduce surgical human errors.

Medical simulation Market by End User

Based on end user, the market has been segmented into academic institutes & research centers, hospitals, and military organizations. The academic institutes & research centers segment had shown the highest market growth owing to the increasing use of medical simulation products in academic institutes & research centers to enhance the quality of training and improve procedural comfort and maintain safety parameters for 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 wide adoption of technology, developed healthcare infrastructure, and the increasing numbers of medical institutes are driving the market growth in this region. Increasing focus on minimizing human errors and improving patient safety, the presence of a well-established distribution channel, and the 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 a better understanding of the anatomy of organs, improving surgical planning and patient education.

Competitive Landscape

Some of the prominent players operating in the global medical simulation market include CAE Healthcare, Inc., Simulab Corporation, 3D Systems, Inc., Cardionics, Simulaids, Mentice, Laerdal Medical., Kyoto Kagaku Co., Ltd., Gaumard Scientific, Intelligent Ultrasound (MedaPhor Ltd.), and Limbs & Things LTD. among others.

Strategic Developments

• In May 2022 Medical Microinstruments (MMI) introduced Symani Surgical System Simulator which helps surgeons improve their skills in a safe and virtually simulated environment
• In Jan 2022 Gaumard Scientific launched the Worlds unique and most advanced multidisciplinary patient simulator. It will simulate symptoms of traumatic brain injury (TBI) and stroke. The name of this model is HAL S5301, and it comes with technology of life-like movement, next-generation simulated physiology, and conversational speech, which is the first in its league.
• In March 2022, CAE Healthcare released an enhanced CathLabVR cardiac training tool for learning coronary angioplasty and stenting techniques virtually. More than 31,000 unique scenarios are included for practicing the surgical procedure and treatment of coronary blockages and heart attacks.
• In Sept 2020, French Association of Surgery (AFC) and VirtaMed announced that a mobile surgical simulation lab will be launched at the Institute of Image Guided Surgery (IHU) in Strasbourg on Oct 2020
• In Apr 2019, VR training company Oxford Medical Simulation based in London entered a partnership with NHS England’s diabetes team for providing training to doctors using virtual reality

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