According to IMARC Group’s latest report, titled “Medical Simulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, the global medical simulation market size reached US$ 2.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.7 Billion by 2028, exhibiting a growth rate (CAGR) of 13.32% during 2023-2028.
Medical simulation represents the virtual duplication of in-situ activities for tutoring, feedback, and experiential learning. It is generally used by nurses, surgeons, physicians, and other practitioners under training to learn, practice, and assess their skills in a secure environment. The medical simulation uses body manikins, task trainers, and virtual reality (VR)-based systems for spinal, gynecological, cardiovascular, arthroscopic, laparoscopic, endovascular, dental and eye simulation. It gives feedback from observers, including professors, peers, actor-patients, and video cameras, and aids in enhancing patient safety, optimizing communications, and improving crisis resource management. Thus, this virtual duplication finds wide applications across hospitals, academic institutes, military organizations, research facilities, and ambulatory care centers.
Medical Simulation Market Trends:
The expanding pharmaceutical industry across the globe is among the key factors driving the medical simulation market. Moreover, the rising individual awareness about the benefits of simulation-based learning is also stimulating the market growth. Besides this, the widespread adoption of laparoscopic simulation systems for effective cancer treatment is acting as another significant growth-inducing factor. Furthermore, numerous technological advancements, such as the increasing integration of robotics, augmented reality (AR), and artificial intelligence (AI) solutions in interventional simulators, are further propelling the global market. Apart from this, the escalating demand for these simulators, as they are used for training physicians in conducting cholecystectomy, tubal ligation, appendectomy, gastric bypass, and hysterectomy, is positively influencing the market growth. Additionally, the growing concerns regarding patient safety and the digitization of the healthcare industry, especially in developing economies, are anticipated to fuel the medical simulation market over the forecasted period.
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Medical Simulation Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global medical simulation market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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.
Key Market Segmentation:
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)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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