Medical Simulation Global Market to Reach $4.1 Billion by 2027 at a CAGR of 13.68%

News provided by

Dec 01, 2022, 06:45 ET

DUBLIN, Dec. 1, 2022 /PRNewswire/ -- The "Medical Simulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global medical simulation market size reached US$ 1.9 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 4.1 Billion by 2027, exhibiting a CAGR of 13.68% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Medical simulation refers to the virtual duplication of in-situ activities for training, feedback and experiential learning. It is commonly used by physicians, nurses, surgeons and other practitioners under training to learn, practice and assess their skills in a safe environment. Medical simulation uses body manikins, task trainers and virtual reality (VR)-based systems for laparoscopic, gynecological, cardiovascular, arthroscopic, spinal, endovascular, dental and eye simulation. It provides feedback from observers, such as professors, peers, actor-patients and video cameras, and aids in enhancing patient safety, optimizing communications and improving crisis resource management. As a result, it finds extensive applications across hospitals, academic institutes, military organizations, research facilities and ambulatory care centers.

Medical Simulation Market Trends:

Significant growth in the medical industry across the globe is among the key factors creating a positive outlook for the market. Moreover, the increasing awareness regarding the benefits of simulation-based learning among the masses is providing a thrust to the market growth. In line with this, the widespread adoption of laparoscopic simulation systems for effective cancer treatment is also contributing to the market growth. Various technological advancements, such as the integration of augmented reality (AR), robotics and artificial intelligence (AI) solutions in interventional simulators, are acting as other growth-inducing factors. These simulators are extensively used for training physicians in conducting cholecystectomy, appendectomy, gastric bypass, tubal ligation and hysterectomy. Other factors, including the rising concerns regarding patient safety, along with rapid digitization of the healthcare industry, especially in the developing economies, are anticipated to drive the market toward growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global medical simulation market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product and services, fidelity and end user.

Breakup by Product and Services:

Model-based Simulation
Surgical Simulation
Ultrasound Simulation
Web-based Simulation
Simulation Training Services

Breakup by Fidelity:

Low Fidelity
Medium Fidelity
High Fidelity

Breakup by End User:

Hospitals and Clinics
Academic Institutions and Research Centers
Military Organizations
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Medical Simulation Market

6 Market Breakup by Product and Services

7 Market Breakup by Fidelity

8 Market Breakup by End User

9 Market Breakup by Region

10 SWOT Analysis

11 Value Chain Analysis

12 Porters Five Forces Analysis

13 Price Analysis

14 Competitive Landscape

Companies Mentioned

Cardionics Inc. (3B Scientific GmbH)
Gaumard Scientific Company Inc.
Kyoto Kagaku Co. Ltd
Laerdal Medical
Mentice
Operative Experience Inc.
Simbionix USA Corporation (3D Systems)
Simulab Corporation
Surgical Science Sweden AB
Synaptive Medical Inc.
SynBone AG
VirtaMed AG.

For more information about this report visit https://www.researchandmarkets.com/r/u0ae9g

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets