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Healthcare/Medical Simulation Market

Healthcare/Medical Simulation Market Size, Share & Segmentation by Product & Services Type (Healthcare Anatomical Models, Web-Based Simulators, Healthcare Simulation Software, Simulation Training Services), By Technology Type (Virtual Patient Simulation, 3D Printing, Procedure Rehearsal Technology), By End-use (Academic Institutes, Hospitals, Military Organizations, Research (Medical Device Companies)), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/HC/1770 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Healthcare/Medical Simulation Market Size was evaluated at USD 1.99 billion in 2021, and is predicted to increase at a CAGR of 16.1% from 2022 to 2028, and to reach USD 5.67 billion by 2028. 

Healthcare/Medical Simulation is a teaching and review technique in which learners use tools and models like virtual reality to practice tasks and processes in realistic settings and scenarios. Professors, peers, actor-patients, and video cameras are used to provide feedback. Simulation is a tactic used in healthcare/medical to duplicate some or nearly all of the main components of a clinical event so that it can be understood quickly. Additionally, it aids in the management of situations that arise in clinical practice. Health care practitioners may now replicate extremely comprehensive operations in order to instruct learners in a safe and effective manner, thanks to technology advancements in communication, research, and education.

Healthcare/Medical Simulation Market

MARKET DYNAMICS

DRIVERS

  • During medical school, students have limited access to patients.

  • Medical education is becoming more technologically advanced.

  • The desire for minimally invasive treatments is increasing.

  • Patient safety is becoming more of a priority.

  • Due to the COVID-19 epidemic, there is a growing predilection for virtual engagement.

RESTRAINTS

  • Monetary resources are scarce

  • Medical simulators that aren't well-designed

OPPORTUNITIES

  • Medical workers are in short supply.

  • Emerging economies are becoming more conscious of simulation training.

CHALLENGES

  • Simulators are very expensive.

  • Operational issues

IMPACT OF COVID-19

The hospitals became extremely overburdened as the COVID-19 illness spread. Because the essential personnel and financial resources were redirected to the care of COVID-19 patients, healthcare facilities shifted their attention away from on-site training and learning. Lockdowns implemented by numerous countries throughout the world impacted the supply chains of businesses selling medical simulation equipment and services. Nevertheless, the necessity to provide the best possible treatment to COVID-19 patients while also maintaining high safety standards for healthcare workers has become a top priority, resulting in an increase in demand for virtual trainings and medical simulation solutions tailored to COVID-19 patients.

By Product & Services Type

the market is fragmented into web-based simulators, healthcare anatomical models, reproduction preparing administrations, and medical services recreation programming. The Healthcare physical models fragment is additionally ordered into task mentors, patient test systems, interventional/careful test systems, ultrasound test systems, dental test systems, endovascular test systems, and eye test systems. These test systems are ending up gainful in the examination and assembling industry for leading preliminaries and changes and blends prior to settling configuration, cycles, or frameworks, particularly in the clinical gadgets industry. These elements are expected to add to the development of the portion over the conjecture period.

By Technology Type

Virtual patient simulation, 3D printing, and procedural rehearsal technologies are the three segments of the medical simulation market. The rising incidence of medical errors, which is driving up patient safety demands, is likely to drive up demand for procedure rehearsal technologies. Technological advances are being pursued by industry participants, which is projected to fuel market expansion.

During the projected period, the virtual patient simulation segment is expected to grow at a healthy CAGR. Medical school curricula can use the technology in a variety of ways. 3D Systems, Simulab Corporation, Simulaids, and Surgical Science Sweden AB are among the companies that deal with virtual patient simulation.

By End-use

Military organisations, academic institutes, research, and hospitals make up the market. Because of the presence of multiple university research groups working in the study of complex biological systems using computer models, the academic research institutions segment is expected to continue to rise. The NIDDK, for example, used PBPK modelling to investigate the impact of decreasing kidney function on the pharmacokinetics of medicines ejected renally through organic anion transporters.

COMPETITIVE LANDSCAPE

Some of the major key players of Healthcare/Medical Simulation Market are as follows: CAE (Canadian Aviation Electronics, Ltd), Surgical Science Sweden AB, Limbs & Things Ltd, Kyoto Kagaku Co., Ltd, Mentice AB, Laerdal Medical, Simulaids, 3D Systems, Simulab Corporation, and Gaumard Scientific Company.

MARKET SEGMENTATION:

By Product & Services Type

  • Healthcare Anatomical Models

  • Patient Simulators

  • Task Trainers

  • Interventional/Surgical Simulators

      • Laparoscopic Surgical Simulators

      • Gynecology Simulators

      • Cardiovascular Simulators

      • Arthroscopic Surgical Simulators

      • Spine Surgical Simulators

      • Other Interventional/Surgical Simulators

  • Endovascular Simulators

  • Ultrasound Simulators

  • Dental Simulators

  • Eye Simulators

  • Web-Based Simulators

  • Healthcare Simulation Software

  • Simulation Training Services

By Technology Type

  • Virtual Patient Simulation

  • 3D Printing

  • Procedure Rehearsal Technology

By End-use

  • Academic Institutes

  • Hospitals

  • Military Organizations

  • Research

  • Medical Device Companies

Healthcare/Medical Simulation Market

REGIONAL ANALYSIS

In 2021, North America dominated the worldwide medical simulation market, and this trend is expected to continue during the forecast period. This is due to an increase in medical errors, the presence of major players, an increase in healthcare spending, technological developments, and increased government initiatives in the region. However, due to an increase in overall population, a boom in medical simulation facilities, and greater investments in the region's healthcare sector, Asia-Pacific is expected to see significant growth.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Healthcare/Medical Simulation Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 1.99 Billion
Market Size by 2028 US$ 5.67 Billion
CAGR CAGR of 16.1% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product & Services Type (Healthcare Anatomical Models, Web-Based Simulators, Healthcare Simulation Software, Simulation Training Services)
• By Technology Type (Virtual Patient Simulation, 3D Printing, Procedure Rehearsal Technology)
• By End-use (Academic Institutes, Hospitals, Military Organizations, Research (Medical Device Companies))
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Healthcare/Medical Simulation Market are as follows: CAE (Canadian Aviation Electronics, Ltd), Surgical Science Sweden AB, Limbs & Things Ltd, Kyoto Kagaku Co., Ltd, Mentice AB, Laerdal Medical, Simulaids, 3D Systems, Simulab Corporation, and Gaumard Scientific Company.
DRIVERS • During medical school, students have limited access to patients.
• Medical education is becoming more technologically advanced.
• The desire for minimally invasive treatments is increasing.
RESTRAINTS • Monetary resources are scarce
• Medical simulators that aren't well-designed


Frequently Asked Questions (FAQ) :

North America dominated the worldwide medical simulation market, and this trend is expected to continue during the forecast period.

Virtual Patient Simulation, 3D Printing, Procedure Rehearsal Technology are the sub segments of Healthcare/Medical Simulation market

Key drivers of the Healthcare/Medical Simulation Market is medical education is becoming more technologically advanced, the desire for minimally invasive treatments is increasing.

Healthcare/Medical Simulation is a teaching and review technique in which learners use tools and models like virtual reality to practice tasks and processes in realistic settings and scenarios.

Healthcare/Medical Simulation Market Size was evaluated at USD 1.99 billion in 2021, and is predicted to increase at a CAGR of 16.1 percent from 2022 to 2028, and to reach USD 5.67 billion by 2028.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Healthcare/Medical Simulation Market Segmentation, By Product & Services Type

8.1 Healthcare Anatomical Models

8.1.1 Patient Simulators

8.1.2 Task Trainers

8.1.3 Interventional/Surgical Simulators

8.1.3.1 Laparoscopic Surgical Simulators

8.1.3.2 Gynecology Simulators

8.1.3.3 Cardiovascular Simulators

8.1.3.4 Arthroscopic Surgical Simulators

8.1.3.5 Spine Surgical Simulators

8.1.3.7 Other Interventional/Surgical Simulators

8.1.4 Endovascular Simulators

8.1.5 Ultrasound Simulators

8.1.6 Dental Simulators

8.1.7 Eye Simulators

8.2 Web-Based Simulators

8.3 Healthcare Simulation Software

8.4 Simulation Training Services

 

9. Healthcare/Medical Simulation Market Segmentation, By Technology Type

9.1 Virtual Patient Simulation

9.2 3D Printing

9.3 Procedure Rehearsal Technology

 

10. Healthcare/Medical Simulation Market Segmentation, By End-use

10.1 Academic Institutes

10.2 Hospitals

10.3 Military Organizations

10.4 Research

10.4.1 Medical Device Companies

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12 Company Profiles

12.1 CAE (Canadian Aviation Electronics, Ltd)

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Surgical Science Sweden AB

12.3 Limbs & Things Ltd

12.4 Kyoto Kagaku Co., Ltd

12.5 Mentice AB

12.6 Laerdal Medical

12.7 Simulaids

12.8 3D Systems

12.9 Simulab Corporation

12.10 Gaumard Scientific Company

 

13 Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

 

14 Conclusion

 

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Secondary Research

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