September 10th, 2022
Medical Simulation Market
The Medical Simulation Market is estimated to grow at a robust CAGR during the forecast period (2020-2027).
The factors driving the growth of Medical Simulation Market includes growing demand for minimally invasive treatments, rising emphasis on patient’s safety, rise in the number of deaths in hospitals and rapid growth in the number of medical schools around the world. According to the report published by World Health Organization (WHO), 1 in every 10 patients is harmed while receiving healthcare service, out of which 50% of these accidents are preventable, this trend is expected to boost the Medical Simulation Market size in the approaching years. Moreover, shortage of skilled healthcare workers, technological advancements in medical simulation techniques and increasing investments by the leading players on research and development, are some of the additional factors supplementing the market growth. In addition, increasing sales of medical devices, growing population growth rates, rapid industrialization, rising disposable income and improvements in the living standards, are further propelling the market growth.
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However, the growth of Medical Simulation Market is hindered attributed to high cost of fidelity simulators.
The major players operating in the Medical Simulation Market includes Surgical Science Sweden AB, Gaumard Scientific Company, Inc., and Simulaids Inc., Limbs & Things Ltd, Kyoto Kagaku Co., Ltd, Mentice AB, 3D Systems, Inc, Simulab Corporation and CAE Inc and Laerdal Medical Ltd, among others, among others.
Product & Service: Segment Analysis
Based on Product & Service, the Anatomical Models segment is projected to expand at a remarkable CAGR over the forecast period attributed to growing adoption of advanced technologies in academics, and military organizations.
End Users: Segment Analysis
As per the Medical Simulation Market Report, the Academic Institutes segment is predicted to grow at a significant CAGR during the forecast period due to increase in the number of academic institutions and rising emphasis on ensuring safety.
Regional: Segment Analysis
Based on Region, the North American region is anticipated to capture the largest market share over the forecast period. The increasing Government funding to medical institutions, growing demand for advanced medical equipment’s, technological advancements in medical simulation, improved living standards and high per capita incomes, are some of the factors influencing the market growth in North America.
Global Medical Simulation Market by Product & Service
Anatomical ModelsPatient SimulatorsHigh-Fidelity Simulators
Medium Fidelity Simulators
Low Fidelity Simulators
Interventional/Surgical SimulatorsLaparoscopic Surgical Simulators
Gynecology Surgical Simulators
Cardiac Surgical Simulators
Arthroscopic Surgical Simulators
Other Interventional/Surgical Simulators
Medical Simulation SoftwarePerformance Recording Software
Simulation Training ServicesVendor-Based Training
Custom Consulting Services & Training Services
Global Medical Simulation Market by End Users
Other End Users
Global Medical Simulation Market by Region
Rest of APAC
North AmericaUnited States of America
Rest of Europe
About GMI Research
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