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Healthcare Simulation Market: COVID-19 Impact and Global Analysis Forecast to 2028

Published Date: May 2021

No. of Pages: 207

Status: Upcoming

Report Code: EMR100287

Healthcare simulation is a range of activities that share a broad, similar purpose – to improve the safety, effectiveness, and efficiency of healthcare services. Learn How you can Join SSH. Simulation education is a bridge between classroom learning and real-life clinical experience. Medical 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.

The major driving force for the market are rising healthcare costs, continuous innovation in technology, and increasing demand for noninvasive technologies. Major growth drivers in the global market for healthcare/medical simulation are the rising healthcare costs and growing demand for minimally invasive treatments. Increasing concern over patient safety is another crucial growth driver. As per the Institute of Medicine, about 44,000 to 98,000 deaths are caused very year globally because of medical errors during treatment. This has significantly upped the demand for healthcare/medical simulation as it helps doctors and surgeons to understand better the procedures and avoid fatal missteps while treatment or surgery. Medical simulation leverages haptic and virtual and reality technology. Haptic technology makes use of the sense of touch by applying forces, vibration, and motions to aid in realistic and multisensory learning. Virtual and reality technology on the other hand leverages computer simulated environment. It assists surgeons to learn surgery sans actual patients. While major constraint for the market are Increasing cost of medical simulators, Economic slowdown, and limited funds issued by the government.

The global medical simulation market is segmented on the basis of products and services, end users and regions. Based on products & services the healthcare simulation market is segmented as medical simulation anatomical modals, web-based simulation, and simulation software. Based on end-user, the market is segmented as academics, hospital and military. Based on region, the global healthcare simulation market can be divided into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. The robust demand especially in the Asia Pacific region is anticipated to be one of the key driving factors for the overall growth of the global market. Moreover, China is further projected to account for the highest share in the global market and is anticipated to grow throughout the forecasted period. This can be attributed to the rapid rise in the number of patients undergoing certain complex surgeries coupled with the rise in the number of hospitals. In addition, there will be an upsurge in the demand for healthcare simulation products in these developing regions to train the medical practitioners. The markets in various other developing economies such as Brazil, Russia and Korea and India among others are also expected to witness a rapid growth throughout the forecast period. In addition to this, rising per capita disposable income and surge in the global economy is another key factor.

Key players operating in the global market are concentrating on some of the major market strategies such as mergers, partnerships, collaborations and acquisitions in order to keep hold in the ever competitive global market. Furthermore, they are focusing on gaining hold on the local players to strengthen their goodwill as well as to enhance their market reach in the global market. Some of the major players in the global amines market include CAE, Inc. (Canada), Laerdal Medical AS (Norway), 3D Systems, Inc. (U.S.), Simulab Corporation (U.S.), Simulaids, Inc. (U.S.), Limbs and Things, Ltd (U.K.), Kyoto Kagaku Co., Ltd (Japan), Mentice AB (Sweden), Surgical Science Sweden AB (Sweden), and Gaumard Scientific Company, Inc. (U.S.)..
Key Market Segments
By Product & Services:
Model-based Simulation
Patient Simulation
Task Trainer Simulation
Manikin-based Simulation
Hybrid Manikin-based simulation (with AR)
Standardized Patient Simulation
Surgical Simulation
Laparoscopic Surgical Simulators
Arthroscopic Surgical Simulators
Cardiovascular Simulators
Gynecology Simulators
Orthopedic Simulators
Spine Simulators
Endovascular Simulators
Ultrasound Simulation
Emergency Medicine
Intensive Care Unit
Others (Urology, General Nursing, Pediatrics)
Web-based Simulation
Simulation Software
Performance Recording Software
Virtual Tutors
Learning Management Software
Simulation Training Services
Vendor-based Training
Custom Consulting Services
Educational Societies
By Fidelity

By End User
Academic Institutions & Research Centers
Hospitals & Clinics
Military Organizations

By Region
North America
Rest of Europe
Rest of Asia-Pacific
South Africa
Saudi Arabia
Rest of LAMEA

The Leading Key Players in Healthcare Simulation Market

CAE Inc.
Laerdal Medical AS (Norway)
3D Systems Inc.
Simulab Corporation (U.S.)
Simulaids Inc.
Ltd (U.K.)
Kyoto Kagaku Co.
Ltd (Japan)
Mentice AB (Sweden)
Surgical Science Sweden AB (Sweden)
Gaumard Scientific Company Inc.