The healthcare/medical simulation market is expected to reach USD 3.4 billion by 2026 from USD 1.7 billion in 2021, at a CAGR of 15.1% from 2021 to 2026. The limited access to live patients during training, advancements in medical education, increasing demand for minimally invasive treatments, increasing focus on patient safety, and growing demand for virtual training due to current COVID-19 pandemic are the major factors driving the growth of the medical simulation market. Moreover, factors such as growing awareness pertaining to simulation education in emerging countries and shortage of healthcare personnel are creating lucrative opportunities for the market players.
Laparoscopic surgical simulators segment to have the largest share during the forecast period. Laparoscopic surgical simulators accounted for the largest share of the interventional/surgical simulators market in 2020. The high adoption of simulation techniques in laparoscopy and technological innovations are responsible for the large share of this segment during the forecast period.
Academic institutes segment to grow at the highest CAGR from 2021 to 2026. Based on end user, the medical simulation market is segmented into academic institutes, military organizations, hospitals and others.In 2020, the academic institute segment accounted for the largest share of the medical simulation market in 2020, followed by hospitals and military organizations.
Factors responsible for the growth of this segment are the gradual shift of focus away from traditional learning, advent of advanced simulation-based technologies, wide utilization of simulation models in medical surgeries, increasing focus on minimizing errors, and cost-effectiveness of procedural training for medical physicians.
APAC to witness the highest growth rate during the forecast period. The Asia Pacific market is projected to grow at the highest CAGR during the forecast period. Market growth in the APAC region is mainly driven by the increasing focus on medical education, training, & research and the increasing focus on patient safety and increasing healthcare expenditure.
Break of primary participants: • By Company Type – Tier 1–35%, Tier 2–45%, and Tier 3–20% • By Designation – C-level–35%, Director-level–25%, Others–40% • By Region – North America–45%, Europe–30%, Asia Pacific–20%, Latin America- 3%, Middle East and Africa–2%
Key players in the healthcare/medical simulation market The key players operating in the healthcare/medical simulation market include CAE Inc. (Canada), Laerdal Medical (Norway), 3D Systems (US), Gaumard Scientific Co. (US), Limbs & Things (US), Surgical Science Sweden AG (Sweden), Kyoto Kagaku (Japan), Mentice AB (Sweden), Intelligent Ultrasound Group Plc (UK), Simulab Corp. (US), Simulaids (US).
Research Coverage: The report analyzes the various medical simulation companies and their adoption patterns in the market.It aims at estimating the market size and future growth potential of the global healthcare/medical simulation market for different segments such as product and service, end user, and region.
The report also includes an in-depth competitive analysis of the key players in this market along with their company profiles, service offerings, recent developments, and key market strategies.
Reasons to Buy the Report: The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help them garner a greater share. Firms purchasing the report could use any one or combination of the below-mentioned strategies for strengthening their market positions.
The report provides insights on the following pointers: • Market Penetration: Comprehensive information on the service portfolios offered by the top players in the healthcare/medical simulation market • Service Launch/Innovation: Detailed insights on new service launches in the healthcare/medical simulation market • Market Development: Comprehensive information about lucrative emerging markets, by product and service, end user, and region • Market Diversification: Exhaustive information about new services, growing geographies, recent developments in the healthcare/medical simulation market • Competitive Assessment: In-depth assessment of growth strategies, services, and manufacturing capabilities of leading players in the healthcare/medical simulation market.
Our reports have been used by over 10K customers, including:
The sleep apnea devices market is projected to reach USD 9.9 billion by 2026 from USD 7.1 billion in 2021, at a CAGR of 6.9% during the forecast period. Market growth is mainly driven by factors such as the large pool of undiagnosed sleep apnea patients, growing awareness about the ill effects of untreated sleep apnea, growing usage of oral...
The medical alert systems market is expected to grow from USD 6.8 billion in 2021 to USD 11.1 billion by 2026; it is expected to grow at a CAGR of 10.3% during the forecast period. The major driving factors for the growth of the medical alert systems market include increase in geriatric population, an increase in adoption of life saving and...
The global infection surveillance solutions market is to reach USD 1,033 million by 2026 from USD 508 million in 2021, at a CAGR of 15.2%. The growth in this market can primarily be attributed to the increasing incidence of HAIs and increasing surgical procedures. The rising healthcare expenditure, an increasing number of surgeries, the growing...
The global amniotic products market is projected to reach USD 1.0 billion by 2026 from USD 0.7 billion in 2021, at a CAGR of 8.2% during the forecast period. The growth in this market can be attributed to the growth in the target patient population, rising incidence of burn injuries, awareness programs for wound care treatment and management,...
The ablation technology market is projected to reach USD 8.1 Billion by 2026 from USD 5.2 Billion in 2021, at a CAGR of 9.3% during the forecast period. The growing elderly population has also driven the incidence of target conditions and contributed to the demand for effective treatment. However, the reuse and reprocessing of devices in developed...
5G stands for the fifth generation of mobile communication technology. With each generation’s new technology and standards, there have been improvements in transmission speed and network capacity. 5G represents a big leap in cellular technology and in healthcare by providing essential levels of connectivity to enable a new health ecosystem,...
The master patient index software market in Middle East and Africa is expected to grow from US$ 31.2 million in 2021 to US$ 52.7 million by 2028; it is estimated to grow at a CAGR of 7.8% from 2021 to 2028. Continuously rising need of better healthcare services, as a basic requirement, is encouraging advancements in the healthcare sector in...
The personal mobility devices market is expected to register a CAGR of nearly 5.85%, with a revenue of approximately USD 8,163.99 million in 2020, and it is expected to reach USD 11,527.84 million by 2026. Many people with chronic conditions or people with physical disabilities are not able to follow the guidelines and procedures to...
The global revenue cycle management market is projected to reach USD 67.8 billion by 2026 from USD 40.9 billion in 2021, at a CAGR of 10.6% during the forecast period. The growth of this market is majorly attributed to the growing regulatory requirements & government initiatives to boost the adoption of RCM solutions, increasing patient volumes,...
The dental diamond burs market size is projected to grow from USD 130 million in 2021 to USD 191 million by 2026, at a CAGR of 8.0%. The dental diamond burs market is witnessing high growth owing to the increase in the consciousness to dental and oral health and versatility of the dental industry to provide specific and optimum services to...
Gross Domestic Product
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.