Press Release

Global Medical Simulation Market is Expected to Grow at a CAGR of 16.5% in the Forecast Period of 2020-2025.

According to a new report by EMR titled, ‘Global Medical Simulation Market Report and Forecast 2020-2025’, the global medical simulation market size reached a value of around USD 1.6 billion in 2019. The market is likely to increase at a CAGR of 16.5% in the forecast period 2020-2025.

The global medical simulation market is primarily being driven by the rapid technological advancements. The development of academic societies dedicated to simulation, simulation journals, as well as health research, are propelling rapid innovation within the field. Currently, technological advancements in simulation technology have provided practical training for various interventions and operations. Advances in imaging processing have made it much easier to capture automated and precise 2D and 3D images with traditional CT and MRI technologies.

In May 2019, Cae Inc (NYSE: CAE), one of the leading key players, introduced a new Centre of Excellence and its new simulator for infants called CAE Luna. It is an advanced infant simulator designed to meet neonatal and infant-care clinical training criteria and to simulate serious new-born conditions requiring interprofessional team response.

In November 2019, The American Society of Anesthesiologists (ASA) and Cae Inc (NYSE: CAE) Healthcare announced the launch of their first virtual simulation course, the final two training modules of Anesthesia SimSTAT. The new modules are the latest in a series of five groundbreaking training modules, aimed at improving the anaesthesia-related emergency management and to improve patient results.

Market Analysis by Product and Services, End Use, and Region:

  • The product and services include anatomical models, web-based simulation, medical simulation software, and simulation training services. Anatomical models are further divided into patient simulators, task trainers, interventional/surgical simulators, endovascular simulators, ultrasound simulators, dental simulators, and eye simulators. Patient simulators can be categorised into high-fidelity simulators, medium-fidelity simulators, and low-fidelity simulators. Interventional/surgical simulators are further segmented into laparoscopic surgical simulators, gynaecology surgical simulators, cardiac surgical simulators, arthroscopic surgical simulators, and other interventional/surgical simulators. Medical simulation software is divided into performance recording software and virtual tutors. Simulation training services are further segmented into vendor-based training, educational societies, and custom consulting and training services.
  • Based on end uses, the market is divided into academic institutes, hospitals, military organizations, and others.
  • The major regional markets in the industry include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global medical simulation market is being driven by the rising technological advancements.
  • The increasing demand for minimally invasive treatment procedures is propelling the market growth.
  • The increased focus on the safety of patients is driving the market growth further.
  • The increased application of medical simulation in medical visualisation, surgical robots, and preventive medications have led to the increased demand for the product.

Key Offerings of the Report:

  • The EMR report gives an overview of the global medical simulation market for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecasted (2020-2025) markets for the product and services, end-uses, and regions.
  • It assesses the market based on the SWOT and Porter’s Five Forces model.

 
The major key players in the global medical simulation market include companies like 3D Systems, CAE Inc., Simulaids Inc, Simulab Corporation, Kyoto Kagaku, Limbs & Things, Mentice, Laerdal, and Gaumard Scientific Company, among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.

About Us:

EMR is a leading business intelligence company, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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