Overview


According to FutureWise analysis the market for Medical Simulation in 2023 is US$ 2.55 billion, and is expected to reach US$ 8.9 billion by 2031 at a CAGR of 16.92%.

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.

  • Cae
  • 3D Systems
  • Laerdal Medical
  • Gaumard Scientific Company
  • 3M Kyoto Kagaku
  • Limbs & Things
  • Mentice
  • Simulab
  • Simulaids
  • Medaphor

(Note: The list of the major players will be updated with the latest market scenario and trends)

By Product & Service

  • Anatomical Models
    • Patient Simulators
      • High-Fidelity Simulators
      • Medium-Fidelity Simulators
      • Low-Fidelity Simulators
    • Task Trainers
    • Interventional/Surgical Simulators
      • Laparoscopic Surgical Simulators
      • Gynecology Surgical Simulators
      • Cardiac Surgical Simulators
      • Arthroscopic Surgical Simulators
      • Other Interventional/Surgical Simulators
    • Endovascular Simulators
    • Ultrasound Simulators
    • Dental Simulators
    • Eye Simulators
  • Web-Based Simulation
  • Medical Simulation Software
    • Performance Recording Software
    • Virtual Tutors
  • Simulation Training Services
    • Vendor-Based Training
    • Educational Societies
    • Custom Consulting and Training Services

By End User

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

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants
  • Growth Prospects
  • SWOT Analysis
  • Key Trends
  • Key data-points affecting market growth
  • 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)
  • To evaluate and forecast micro-markets and the overall market
  • To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
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Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1. Years Considered for the Study
         3.2. Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1. Secondary Data
          1.1.1. Key Data from Secondary Sources
         1.2. Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Medical Simulation Market Variables, Trends and Scope
    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Type Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Medical Simulation Market Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Medical Simulation Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Type Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Type Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Medical Simulation Market, By Product & Service Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Anatomical Models
         1.1. Patient Simulators
          1.1.1. High-Fidelity Simulators
          1.1.2. Medium-Fidelity Simulators
          1.1.3. Low-Fidelity Simulators
         1.2. Task Trainers
         1.3. Interventional/Surgical Simulators
          1.3.1. Laparoscopic Surgical Simulators
          1.3.2. Gynecology Surgical Simulators
          1.3.3. Cardiac Surgical Simulators
          1.3.4. Arthroscopic Surgical Simulators
          1.3.5. Other Interventional/Surgical Simulators
         1.4. Endovascular Simulators
         1.5. Ultrasound Simulators
         1.6 .Dental Simulators
         1.7 .Eye Simulators
        2. Web-Based Simulation
        3. Medical Simulation Software
         3.1. Performance Recording Software
         3.2. Virtual Tutors
        4. Simulation T3aining Services
         4.1. Vendor-Based Training
         4.2. Educational Societies
         4.3. Custom Consulting and Training Services

  • 8.   Medical Simulation Market, By End User Historical Analysis and Forecast 2023-2031 (USD Million)
    •   1. Academic Institutes
        2. Hospitals
        3. Military Organizations
        4. Other End Users

  • 9.   North America Medical Simulation Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2023-2031

  • 10.   Latin America Medical Simulation Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2023-2031

  • 11.   Europe Medical Simulation Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2023-2031

  • 12.   Asia Pacific Medical Simulation Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2023-2031

  • 13.   Middle East and Africa Market Analysis 2017-2022 and Forecast 2023-2031 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2017-2022
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2023-2031

  • 14.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 15.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
    •   1. Cae
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. 3D Systems
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Laerdal Medical
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. Gaumard Scientific Company
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. 3M Kyoto Kagaku
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. Limbs & Things
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Mentice
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. Simulab
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Simulaids
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10.Medaphor
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview

  • 16.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by administrations
        5. The overall economic slowdown of the developing and developed nations
  • 17.   FutureWise SME Key Takeaway Points for Client
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