Report Id: SNS/HC/1770 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Healthcare/Medical Simulation Market Size was evaluated at USD 2.31 billion in 2022, and is predicted to increase at a CAGR of 16.1% from 2023 to 2030, and to reach USD 7.62 billion by 2030.
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.
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.
Monetary resources are scarce
Medical simulators that aren't well-designed
Medical workers are in short supply.
Emerging economies are becoming more conscious of simulation training.
Simulators are very expensive.
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.
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.
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.
By Product & Services Type
Healthcare Anatomical Models
Laparoscopic Surgical Simulators
Arthroscopic Surgical Simulators
Spine Surgical Simulators
Other Interventional/Surgical Simulators
Healthcare Simulation Software
Simulation Training Services
By Technology Type
Virtual Patient Simulation
Procedure Rehearsal Technology
Medical Device Companies
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.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 2.31 Billion|
|Market Size by 2030||US$ 7.62 Billion|
|CAGR||CAGR of 16.1% From 2023 to 2030|
|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
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
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
22.214.171.124 Laparoscopic Surgical Simulators
126.96.36.199 Gynecology Simulators
188.8.131.52 Cardiovascular Simulators
184.108.40.206 Arthroscopic Surgical Simulators
220.127.116.11 Spine Surgical Simulators
18.104.22.168 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
10.3 Military Organizations
10.4.1 Medical Device Companies
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12 Company Profiles
12.1 CAE (Canadian Aviation Electronics, Ltd)
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
12.8 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
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