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Global Medical Simulation Market: By Product and Services: Anatomical Models, Web-Based Simulation, Medical Simulation Software, Simulation Training Services; By End Use: Academic Institutes, Hospitals, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Competitive Landscape; Industry Events and Developments

Global Medical Simulation Market Outlook

The global medical simulation market reached a value of around USD 1.6 billion in 2020. The market is expected to grow at a CAGR of 16.5% over the forecast period of 2022-2027.

 

Global Medical Simulation Market

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Development in surgical tools and advancement in technology, coupled with the rising demand for minimally invasive surgical processes, are driving the growth of the medical simulation market globally. These processes improve patient compliance by decreasing the hospital stay and the time needed to cure the invasion during surgery.

 

Properties and Applications

Medical simulation, or more generally, healthcare simulation, is a simulation branch linked to education and training in medical areas of different industries. Simulations can be performed in the classroom, in situational environments, or in spaces specifically designed for the exercise of simulation. The global medical simulation market is divided on the basis of segments like product and services, and end-use.

 

Global Medical Simulation Market By End Use

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On the basis of product and services, the medical simulation market is classified into:

  • Anatomical Models
    • Patient Simulators
      • High-Fidelity Simulators 
      • Medium-Fidelity Simulators 
      • Low-Fidelity Simulators 
    • Task Trainers
    • Interventional/Surgical Simulators
      • Laparoscopic Surgical Simulators
      • Gynaecology 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

Further, the medical simulation market can be broadly categorised on the basis of its end-use into:

  • Academic Institutes
  • Hospitals
  • Military Organisations
  • Others

The EMR report looks into the regional medical simulation markets like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

 

Global Medical Simulation Market By Region

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Market Analysis

The growing technological advancement, rising demand for minimally invasive treatment procedures, and increasing focus on patient safety are some of the major driving factors, accelerating the growth of the global medical simulation market. Different modalities of the simulation are used to teach and train the procedure to carry out minimally invasive surgeries. Further, the simulation of minimally invasive procedures can be used by various animal models, virtual reality, and video trainers. As a result, the rising demand for minimally invasive surgical processes is driving the medical simulation market growth. The increasing importance of various health applications, medical visualisation, surgical robots, and preventive medications have led to the increased penetration of sophisticated healthcare simulation techniques. This is likely to intensify the market growth. High cost of simulators and limited investment in simulation systems and operational challenges are major drawbacks, which may affect the growth of the medical simulation market in the future.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global medical simulation market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • 3D Systems
  • CAE Inc.
  • Simulaids Inc
  • Simulab Corporation
  • Kyoto Kagaku
  • Limbs & Things 
  • Mentice 
  • Laerdal 
  • Gaumard Scientific Company 
  • Others

The EMR report gives an in-depth insight into the medical simulation market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product and Services, End Use, Region
Breakup by Product and Services Anatomical Models, Web-Based Simulation, Medical Simulation Software, Simulation Training Services
Breakup by End Use Academic Institutes, Hospitals, Military Organizations, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered 3D Systems, CAE Inc., Simulaids Inc, Simulab Corporation, Kyoto Kagaku, Limbs & Things, Mentice, Laerdal, Gaumard Scientific Company, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key findings of the Study
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Inference Data
3    Executive Summary
    3.1    Market Overview
    3.2    Market Analysis 
4    Global Medical Simulation Market 
    4.1    Global Medical Simulation Market (2017-2021) & Forecast (2022-2027)
    4.2    Global Medical Simulation Market Breakup by Product and Services
        4.2.1    Anatomical Models
            4.2.1.1    Patient Simulators
                4.2.1.1.1    High-Fidelity Simulators 
                4.2.1.1.2    Medium-Fidelity Simulators 
                4.2.1.1.3    Low-Fidelity Simulators 
            4.2.1.2     Task Trainers
            4.2.1.3     Interventional/Surgical Simulators
                4.2.1.3.1    Laparoscopic Surgical Simulators
                4.2.1.3.2    Gynaecology Surgical Simulators
                4.2.1.3.3    Cardiac Surgical Simulators
                4.2.1.3.4    Arthroscopic Surgical Simulators
                4.2.1.3.5    Other Interventional/Surgical Simulators
            4.2.1.4    Endovascular Simulators
            4.2.1.5    Ultrasound Simulators
            4.2.1.6    Dental Simulators
            4.2.1.7    Eye Simulators
        4.2.2     Web-Based Simulation 
        4.2.3    Medical Simulation Software 
            4.2.3.1    Performance Recording Software
            4.2.3.2    Virtual Tutors
        4.2.4    Simulation Training Services
            4.2.4.1    Vendor-Based Training
            4.2.4.2    Educational Societies
            4.2.4.3    Custom Consulting & Training Services
    4.3    Global Medical Simulation Market Breakup by Product and Services: Historical Market (2017-2021) & Forecast (2022-2027)
        4.3.1    Anatomical Models
            4.3.1.1    Patient Simulators
                4.3.1.1.1    High-Fidelity Simulators 
                4.3.1.1.2    Medium-Fidelity Simulators 
                4.3.1.1.3    Low-Fidelity Simulators 
            4.3.1.2     Task Trainers
            4.3.1.3     Interventional/Surgical Simulators
                4.3.1.3.1    Laparoscopic Surgical Simulators
                4.3.1.3.2    Gynaecology Surgical Simulators
                4.3.1.3.3    Cardiac Surgical Simulators
                4.3.1.3.4    Arthroscopic Surgical Simulators
                4.3.1.3.5    Other Interventional/Surgical Simulators
            4.3.1.4    Endovascular Simulators
            4.3.1.5    Ultrasound Simulators
            4.3.1.6    Dental Simulators
            4.3.1.7    Eye Simulators
        4.3.2     Web-Based Simulation 
        4.3.3    Medical Simulation Software 
            4.3.3.1    Performance Recording Software
            4.3.3.2    Virtual Tutors
    4.3.4    Simulation Training Services
            4.3.4.1    Vendor-Based Training
            4.3.4.2    Educational Societies
            4.3.4.3    Custom Consulting & Training Services
    4.4    Global Medical Simulation Market Breakup by End Use
        4.4.1    Academic Institutes  
        4.4.2    Hospitals  
        4.4.3    Military Organizations  
        4.4.4    Others
    4.5    Global Medical Simulation Market Breakup by End-Use: Historical Market (2017-2021) & Forecast (2022-2027)
        4.5.1    Academic Institutes  
        4.5.2    Hospitals  
        4.5.3    Military Organizations  
        4.5.4    Others
    4.6    Global Medical Simulation Market Breakup by Region
        4.6.1    North America
            4.6.1.1    United States of America
            4.6.1.2    Canada
        4.6.2    Europe
            4.6.2.1    Germany
            4.6.2.2    United Kingdom
            4.6.2.3    France
            4.6.2.4    Italy
            4.6.2.5    Others
        4.6.3    Asia Pacific
            4.6.3.1    China
            4.6.3.2    Japan
            4.6.3.3    India
            4.6.3.4    ASEAN
            4.6.3.5    Others
        4.6.4    Latin America
            4.6.4.1    Brazil
            4.6.4.2    Argentina
            4.6.4.3    Mexico
            4.6.4.6    Others
        4.6.5    Middle East & Africa
            4.6.5.1    Saudi Arabia
            4.6.5.2    United Arab Emirates
            4.6.5.3    Nigeria
            4.6.5.4    South Africa
            4.6.5.5    Others
    4.7     Global Medical Simulation Market Breakup by Region: Historical Market (2017-2021) & Forecast (2022-2027)
        4.7.1    North America
            4.7.1.1    United States of America
            4.7.1.2    Canada
        4.7.2    Europe
            4.7.2.1    Germany
            4.7.2.2    United Kingdom
            4.7.2.3    France
            4.7.2.4    Italy
            4.7.2.5    Others
        4.7.3    Asia Pacific
            4.7.3.1    China
            4.7.3.2    Japan
            4.7.3.3    India
            4.7.3.4    ASEAN
            4.7.3.5    Others
        4.7.4    Latin America
            4.7.4.1    Brazil
            4.7.4.2    Argentina
            4.7.4.3    Mexico
            4.7.4.7    Others
        4.7.5    Middle East & Africa
            4.7.5.1    Saudi Arabia
            4.7.5.2    United Arab Emirates
            4.7.5.3    Nigeria
            4.7.5.4    South Africa
            4.7.5.5    Others
5    SWOT Analysis
    5.1    Overview
    5.2    Strengths
    5.3    Weaknesses
    5.4    Opportunities
    5.5    Threats
6    Porter’s Five Forces Analysis
    6.1    Overview
    6.2    Buyer’s Power
    6.3    Supplier’s Power
    6.4    New Entrants
    6.5    Degree of Rivalry
    6.6    Substitutes
7    Key Players & Company Profile Analysis 
    7.1    3D Systems
    7.2    CAE Inc.
    7.3    Simulaids Inc
    7.4    Simulab Corporation
    7.5    Kyoto Kagaku
    7.6    Limbs & Things 
    7.7    Mentice 
    7.8    Laerdal 
    7.9    Gaumard Scientific Company 
    7.10    Others
8    Industry Events and Developments

Key Questions Answered in the Report

In 2020, the global medical simulation market attained a value of nearly USD 1.6 billion.

The market is projected to grow at a CAGR of 16.5% between 2021 and 2026.

The major drivers of the market include increasing population, rising demand for minimally invasive treatment procedures, and increasing focus on patient safety.

Growing technological advancements is the key industry trend propelling the growth of the market.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The products and services include anatomical models, web-based simulation, medical simulation software, and simulation training services.

The diverse end uses for market are academic institutes, hospitals, and military organisations, among others.

The major players in the industry are 3D Systems, CAE Inc., Simulaids Inc, Simulab Corporation, Kyoto Kagaku, Limbs & Things, Mentice, Laerdal, and Gaumard Scientific Company, among others.

Analyst Review

The global medical simulation market attained a value of USD 1.6 billion in 2020, driven by the rising focus on patient safety. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 16.5%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product and services, the medical simulation industry can be segmented into anatomical models, web-based simulation, medical simulation software, and simulation training services.  On the basis of end use, the industry is divided into academic institutes, hospitals, and military organisations, among others. The major regional markets for medical simulation are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 3D Systems, CAE Inc., Simulaids Inc, Simulab Corporation, Kyoto Kagaku, Limbs & Things, Mentice, Laerdal, and Gaumard Scientific Company, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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