Medical Simulation Market by Product and Services (Products [Surgical Simulators {Laparoscopic Surgical Simulators, Gynecology Surgical Simulators, Cardiac Surgical Simulators, Arthroscopic Surgical Simulators, and Other Products}, Task Trainers, and Other Product and Services], and Services & Software [Web-based Simulation, Medical Simulation Software, Simulation Training Services, and Other Services and Software]), Technology (High Fidelity Simulators, Medium Fidelity Simulators, and Low Fidelity Simulators), End-users (Academic and Research Institutes and Hospitals), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031.
Medical Simulation Market Outlook 2031:
The global medical simulation market size was valued at USD 1.90 Billion in 2022 and is projected to reach USD 7.28 Billion by 2031, expanding at a CAGR of 16.1% during the forecast period 2023 - 2031. The growth of the market is attributed to increasing technological innovations in the healthcare sector to improve safety.
Medical simulation is also known as clinical simulation, nursing simulation, health simulation, patient simulation, and medical simulation. Medical simulation is a system for training healthcare professionals through advanced education innovation. This system includes simulated characters, scientific articles with complex simulated animations, and assessments of victims, and emergency response measures. Its main goal is to train healthcare professionals to reduce accidents during general-purpose surgical procedures prescribed by doctors.
However, it also helps in training students in anatomy and physiology department to work as a full-time health professional. These occupations include nursing, ultrasound scanning, pharmacy assistant, and therapy. Safety is a major issue and concern in the healthcare. It is necessary to control the increase in mortality from medical errors. The emergence of health simulators has greatly reduced the number of deaths worldwide.
Medical Simulation Market Trends, Drivers, Restraints, and Opportunities
- Growing demand for minimally invasive treatment is expected to boost the market growth during the forecast period.
- Rapid growth of the healthcare industry is expected to increase demand for medical simulators, driving the market growth.
- Increasing disposable income and investment on healthcare is projected to fuel the growth of the market.
- High cost of treatment and limited funds are expected to restrict the market growth.
- Lack of awareness among people about health safety and updated medical instruments can hamper the market growth during the forecast period.
- R&D investment and technological advancements in medical simulators techniques and instruments are projected to create immense opportunities for the market players.
Scope of the Medical Simulation Market Report
The report on the global medical simulation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Medical Simulation Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Product and Services (Products [Surgical Simulators {Laparoscopic Surgical Simulators, Gynecology Surgical Simulators, Cardiac Surgical Simulators, Arthroscopic Surgical Simulators, and Other Products}, Task Trainers, and Other Products and Services], and Services & Software [Web-based Simulation, Medical Simulation Software, Simulation Training Services, and Other Services and Software]), Technology (High Fidelity Simulators, Medium Fidelity Simulators, and Low Fidelity Simulators), and End-users (Academic and Research Institutes and Hospitals) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
3D Systems Inc.; CAE Inc.; Gaumard Scientific Company Inc.; Laerdal Medical; and Kyoto Kagaku Co. Ltd. |
Medical Simulation Market Segment Insights
Laparoscopic surgical simulators segment to account a major market share
Based on product and services, the market is bifurcated into products and services and software. The products segment is further segregated into surgical simulators, task trainers, and other product and services.
The surgical simulators sub-segment is divided into laparoscopic surgical simulators, gynecology surgical simulators, cardiac surgical simulators, arthroscopic surgical simulators, and other products. The services and software segment is further sub-segmented into web-based simulation, medical simulation software, simulation training services, and other services and software.
The laparoscopic surgical simulators segment is expected to represent a key share of the market during the forecast period. Surgeons are turning to MIS, mainly laparoscopic and robotic surgery and open surgery; however, MIS, mainly laparoscopic and robotic surgery, requires well-trained surgeons to successfully perform operations. MIS is highly used in cholecystectomy, appendectomy, gastric bypass surgery, abdominal hernia, colectomy, prostatectomy, fallopian tube ligation, hysterectomy and hysterectomy.
Increasing number of MIS surgeries and the demand for well-trained specialists has led to the emergence of laparoscopic surgery simulators in the market. Moreover, the complexity of the surgery and the demand for highly qualified specialists are anticipated to foster the market segment.
In addition, with the transition from open surgery to endovascular surgery, general surgery training has also occurred. The simulation aims to reduce the risks associated with complex surgery or cardiothoracic surgery and help create a more effective, comprehensive, and consistent curriculum for cardiothoracic surgery.
The web-based simulators sub-segment is expected to account for a significant market share during the forecast period due to the wide availability of Internet services, controlled and predictable learning environments, and controlled access to the modeling process. Additionally, web-based applications are used to ensure improved and efficient patient care.
These applications are also used in post-operative care and elderly patients. Rising adoption of innovative technologies and applications to provide breakthrough solutions to improve services in real time and increasing importance of various medical applications, medical imaging, surgical robots, and preventive drugs are driving the proliferation of advanced technologies in healthcare modeling.
High fidelity segment is anticipated to expand at a substantial CAGR
On the basis of technology, the medical simulation market is bifurcated into high fidelity simulators, medium fidelity simulators, and low fidelity simulators. The high fidelity simulators segment is expected to expand at a substantial CAGR during the forecast period.
High fidelity simulator (HFS) is the latest model built into the computer hardware, which enables a highly realistic, programmed wireless representation of the patient's entire body. Today, HIS is widely used in nursing education and emergency care to support orientation programs, advanced training courses, certification courses, and personnel development. The presence of affordable training environment encourages the use of HIS.
Academic and research institutes segment is projected to account for a major market share
In terms of end-users, the market is bifurcated into academic and research institutes and hospitals. The hospital segment is expected to grow at a rapid rate during the forecast period. The swift shift in the focus of traditional teaching, the emergence of advanced simulation-based technologies, the full use of simulation models in medical operations, and increasing focus on minimizing errors are some of the key factors driving the growth of the market segment.
Asia Pacific is expected to dominate the market
Based on regions, the medical stimulation market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period. The regional market growth is attributed to the growing demand for health models and related services.
As the vitality of medical research and research continues to increase, emerging economies such as India and China are estimated to promote the market development. High availability of labor and low production costs are boosting the growth of the market in Asia Pacific.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Simulation Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Medical Simulation Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Simulation Market - Supply Chain
4.5. Global Medical Simulation Market Forecast
4.5.1. Medical Simulation Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Simulation Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Medical Simulation Market Absolute $ Opportunity
5. Global Medical Simulation Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Medical Simulation Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Medical Simulation Demand Share Forecast, 2019-2026
6. North America Medical Simulation Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Medical Simulation Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Medical Simulation Demand Share Forecast, 2019-2026
7. Latin America Medical Simulation Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Medical Simulation Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Medical Simulation Demand Share Forecast, 2019-2026
8. Europe Medical Simulation Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Medical Simulation Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Medical Simulation Demand Share Forecast, 2019-2026
9. Asia Pacific Medical Simulation Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Medical Simulation Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Medical Simulation Demand Share Forecast, 2019-2026
10. Middle East & Africa Medical Simulation Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Medical Simulation Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Medical Simulation Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Medical Simulation Market: Market Share Analysis
11.2. Medical Simulation Distributors and Customers
11.3. Medical Simulation Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. 3D Systems Inc.
11.4.2. CAE Inc.
11.4.3. Gaumard Scientific Company Inc.
11.4.4. Laerdal Medical
11.4.5. Kyoto Kagaku Co. Ltd.