Overview

Medical Simulation Market Introduction

Global Medical Simulation Market is estimated to value over USD 3.7 billion by 2027 end and register a CAGR of over 14% during the forecast period 2020 to 2027.

The medical simulation market growth is encouraged by factors like enlightening the medical fraternity about the evolution of medical technology, associated benefits of medical simulation and a growing emphasis on patient safety and outcome such as illustrating normal and complex cases to professionals. 

Nonetheless, high simulation set-up cost and other related costs are predicted to restrain the market growth of the market. Additionally, the limitation of a complete real situation impedes the growth of the medical simulation industry. On the contrary, profitable opportunities in emerging economies are predicted to create opportunities for market growth soon. Furthermore, according to an article published by NCBI, more than 200,000 patients die annually owing to medical errors, which makes it the third leading cause of death in the world. The invention of simulation in healthcare has significantly reduced the number of deaths related to unsafe care. These factors are expected to boost the market growth in the upcoming years.

Key market players include Cae, 3D Systems, Laerdal Medical, Gaumard Scientific Company, Kyoto Kagaku, Limbs & Things, Mentice, Simulab, Simulaids, Medaphor. 

Global Medical Simulation Market Segmentation:

By Product & Service 

• Anatomical Models
  • Patient Simulators

> High-Fidelity Simulators

> Medium-Fidelity Simulators

> Low-Fidelity Simulators

o Task Trainers

o Interventional/Surgical Simulators

> Laparoscopic Surgical Simulators

> Gynecology Surgical Simulators

> Cardiac Surgical Simulators

> Arthroscopic Surgical Simulators

> Other Interventional/Surgical Simulators

o Endovascular Simulators

o Ultrasound Simulators

o Dental Simulators

o Eye Simulators

· Web-Based Simulation

· Medical Simulation Software

o Performance Recording Software

o Virtual Tutors

· Simulation Training Services

o Vendor-Based Training

o Educational Societies

o Custom Consulting & Training Services

By End User 

• Academic Institutes
• Hospitals
• Military Organizations
• Other End Users

 By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

FutureWise Key Takeaways:

● Growth Prospects

● SWOT Analysis

● Key Trends

● Key data-points affecting market growth

Objectives of the Study:

• To provide with an exhaustive analysis on the global medical simulation market by product & service, by end-user and by region 

• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

• Evaluate and forecast micro-markets and the overall market 

• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and Middle East & Africa

• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

• Profiling of companies to evaluate their market shares, strategies, financial and core competencies

Table of Contents

1 Introduction 

    1.1 Objectives of the Study 

    1.2 Market Definition 

    1.3 Market Scope 

           1.3.1 Markets Covered

           1.3.2 Years Considered for the Study

    1.4 Limitations 

    1.5 Currency 

    1.6 Stakeholders 

2 Research Methodology 

    2.1 Research Data 

           2.1.1 Secondary Data

                    2.1.1.1 Key Data From Secondary Sources

           2.1.2 Primary Data

                    2.1.2.1 Key Data From Primary Sources

                    2.1.2.2 Breakdown of Primaries

                    2.1.2.3 Key Industry Insights

    2.2 Market Size Estimation 

           2.2.1 Bottom-Up Approach

           2.2.2 Top-Down Approach

    2.3 Market Breakdown and Data Triangulation 

    2.4 Assumptions for the Study 

3 Executive Summary 

4 Exclusive Insights 

    4.1 Market Overview 

    4.2 APAC Market, By Product & Service and Country 

    4.3 Medical Simulation: Regional Mix 

    4.4  Market : Geographical Snapshot 

5 Medical Simulation Market Overview

    5.1 Introduction 

    5.2 Market Dynamics 

           5.2.1 Drivers

                    5.2.1.1 Benefits of Simulation Over Traditional Learning

                    5.2.1.2 Increasing Demand for Minimally Invasive Treatments

                    5.2.1.3 Increasing Focus on Patient Safety

           5.2.2 Restraints

                    5.2.2.1 Budgetary Constraints

           5.2.3 Opportunities

                    5.2.3.1 Shortage of Healthcare Personnel

                    5.2.3.2 Technological Advancements

                    5.2.3.3 Growing Awareness on Simulation Education in Emerging Countries

           5.2.4 Challenges

                    5.2.4.1 High Cost of Simulators

                    5.2.4.2 Operational Challenges

                               5.2.4.2.1 Modelling and Simulation of Individual Tissues

                               5.2.4.2.2 Difficulty in Achieving Multimodal Simulation

    5.3 Industry Trends 

           5.3.1 Virtual Reality and Augmented Reality

           5.3.2 Race Towards Top Fidelity

           5.3.3 Use of Multidisciplinary Approach in the Development of Simulators

6 Medical Simulation Market, By Product & Service 

    6.1 Introduction 

    6.2 Anatomical Models 

           6.2.1 Patient Simulators

                    6.2.1.1 High-Fidelity Simulators

                    6.2.1.2 Medium-Fidelity Simulators

                    6.2.1.3 Low-Fidelity Simulators

           6.2.2 Task Trainers

           6.2.3 Interventional/Surgical Simulators

                    6.2.3.1 Laparoscopic Surgical Simulators

                    6.2.3.2 Gynecology Surgical Simulators

                    6.2.3.3 Cardiac Surgical Simulators

                    6.2.3.4 Arthroscopic Surgical Simulators

                    6.2.3.5 Other Interventional/Surgical Simulators

           6.2.4 Endovascular Simulators

           6.2.5 Ultrasound Simulators

           6.2.6 Dental Simulators

           6.2.7 Eye Simulators

    6.3 Web-Based Simulation 

    6.4 Medical Simulation Software 

           6.4.1 Performance Recording Software

           6.4.2 Virtual Tutors

    6.5 Simulation Training Services 

           6.5.1 Vendor-Based Training

           6.5.2 Educational Societies

           6.5.3 Custom Consulting & Training Services

7 Medical Simulation Market, By End User 

    7.1 Introduction 

    7.2 Academic Institutes 

    7.3 Hospitals 

    7.4 Military Organizations 

    7.5 Other End Users 

8 Medical Simulation Market, By Region 

    8.1 Introduction 

    8.2 North America 

           8.2.1 US

           8.2.2 Canada

    8.3 Europe 

           8.3.1 Germany

           8.3.2 France

           8.3.3 UK

           8.3.4 Italy

           8.3.5 Spain

           8.3.6 Rest of Europe

    8.4 Asia Pacific 

           8.4.1 Japan

           8.4.2 China

           8.4.3 India

           8.4.4 Rest of Asia Pacific (RoAPAC)

    8.5 Rest of the World 

           8.5.1 Latin America

           8.5.2 Middle East and Africa

9 Competitive Landscape 

    9.1 Overview 

    9.2 Market Share Analysis 

           9.2.1 Patient Simulators

           9.2.2 Task Trainers

           9.2.3 Performance Recording Software

    9.3 Competitive Scenario 

           9.3.1 Product Launches and Enhancements

           9.3.2 Partnerships, Agreements, and Collaborations

           9.3.3 Acquisitions

           9.3.4 Expansions

10 Company Profiles

     10.1 Cae 

     10.2 3D Systems 

     10.3 Laerdal Medical 

     10.4 Gaumard Scientific Company 

     10.5 Kyoto Kagaku 

     10.6 Limbs & Things 

     10.7 Mentice 

     10.8 Simulab 

     10.9 Simulaids 

     10.10 Medaphor

Chapter 11 Research Finding and Conclusion 

Chapter 12 Research Methodology 

Chapter 13  Research Data Source 

Tables

Figures