According to the report, the Medical Simulation market is predicted to achieve USD 2,548 million by 2026. This report examines the status quo and projections of the global Medical Simulation market and analyzes the Medical Simulation market by manufacturer, type, application, and region. This report focuses on top manufacturers in North America, Europe, Japan, China, India, Southeast Asia, and other regions (Central and South America, Middle East and Africa).
Market Summary
Overview:
Medical simulation, or Healthcare Simulation, is the modern day methodology for training healthcare professionals through the use of advanced educational technology. Simply put, medical simulation is the experiential learning every healthcare professional will need, but cannot always engage in during real-life patient care. Medical simulation has also been called healthcare simulation, simulation in healthcare, patient simulation, nursing simulation, surgical simulation, and clinical simulation.
The Medical Simulation market report covers the leading players in the market and analyzes their key strategies. Leading players in this market include SimX Inc., CAE, Inc., Cardionics, Inc., Immersus, Conquer Mobile, Sensus3D, GIBLIB, Medusims, Oxford Medical Simulation Ltd., Ingmar Medical, Medical Simulation Corporation, 3D Systems, Laerdal Medical, etc.
The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio.
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Value:
It is estimated that the total market value of the Medical Simulation global market is poised to reach USD 2,548 million in 2026 from USD 1,124 million in 2019, with a CAGR of 12.4%.
Facilitating and Limiting Factors:
The Medical Simulation market is expected to register substantial growth in the coming years, owing to the rapid technological advances and increasing demand for minimally invasive treatment procedures. In addition, the growing emphasis on patient safety & outcomes and the benefits of medical simulation such as illustrating complex and normal cases to professionals are also positively influencing the market growth. However, the high set-up cost of simulation and other related costs are projected to hamper the growth of the market.
The global Medical Simulation market is broadly divided based on type, application, and region:
By type - Digital Simulators, AR (VR) Simulators
By application - Academic Institutes and Research Centers, Hospitals & Clinics, Military Organizations
By region - North America, Asia-Pacific, Europe, Latin America, Middle East, and Africa, Others
Asia-Pacific, Europe, and North America were the major markets in 2018, with a market share of 31.22%, 30.45%, and 30.12% respectively. North America was the largest market with a proportion of 36.33% in 2018, owing to the rise in medical training institutes and number of hospitals. High adoption of simulation by medical universities and training centers, accessibility to technologies, improved distribution channels, and an increase in the number of health care professionals requiring patient training are expected to boost the growth of the market in North America.
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Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Medical Simulation Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Medical Simulation Market by Types
4 Segmentation of Medical Simulation Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Medical Simulation Market in Major Countries
7 North America Medical Simulation Landscape Analysis
8 Europe Medical Simulation Landscape Analysis
9 Asia Pacific Medical Simulation Landscape Analysis
10 Latin America, Middle East & Africa Medical Simulation Landscape Analysis
11 Major Players Profile
11.1 SimX Inc.
11.1.1 SimX Inc. Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 CAE, Inc.
11.3 Cardionics, Inc.
11.4 Immersus
11.5 Conquer Mobile
11.6 Sensus3D
11.7 GIBLIB
11.8 Medusims
11.9 Oxford Medical Simulation Ltd.
11.10 Ingmar Medical
11.11 Medical Simulation Corporation
11.12 3D Systems
11.13 Laerdal Medical
…
Audience:
l Medical Simulation manufacturers
l Medical Simulation importers and exporters
l Medical Simulation traders, distributors, and suppliers
l Medical Simulation industry associations
l Product managers, Medical Simulation industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Healthcare organizations
l Research & Clinical Laboratories
l Government agencies and NGOs
What Information does this report contain?
l The report covers the prediction and analysis of the global Medical Simulation market at the global and regional levels.
l The report includes drivers and constraints that affect market growth.
l Discussed details about market opportunities
l The assessments for the regional market layout characteristics in the world.
l The report includes detailed company profiles for prominent market participants.
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