Global Healthcare/Medical Simulation Market Outlook 2030

"By 2021, the global medical simulation market is estimated to be valued at USD 1.9 billion. It is expected to grow at a compound annual growth rate of 15% during the forecast period 2022-2030. Continuous technological advancement, increasing demand for minimally invasive surgery, and increasing attention to patient safety are some of the key trends driving market growth. The innovation and advancement of surgical tools have led to an increase in preference for minimally invasive surgery. These procedures improve patient compliance by reducing the length of hospital stay and the time required to cure the intrusion performed during surgery.

 

Minimally invasive surgery requires specific psychomotor skills. Simulations provide suitable tools for learning and training such skills. Various simulation modes are used for learning and training of minimally invasive surgery. Various animal models, virtual reality and video training devices can be used to simulate minimally invasive surgery. 

 

Therefore, the growing demand for minimally invasive surgery is driving the market. In addition, augmented reality is also used for training and education. AR-based applications are used to provide improved and efficient patient care. These applications are also used for post-operative care and assistance for elderly patients. 

 

More adoption of these innovative technologies and applications, providing revolutionary solutions for better real-time services, is expected to drive market growth during the forecast period. In addition, the importance of various health and medical visualization applications, surgical robots and preventive drugs is increasing. Support the greater penetration of advanced technologies in healthcare simulations. In turn, this may promote market growth.

 

 PRODUCT AND SERVICE INFORMATION: 

 According to products and services, the medical simulation market is segmented into anatomical health care models, web-based simulators, healthcare simulation software, and simulation training services. Medical anatomical models are the leading market segment in 2020. This market segment is expected to maintain its dominant position in 2030 due to its wide application in various fields such as academic, training, and practice in hospitals and military organizations. Simulators, task trainers, intervention/surgery, intravascular, ultrasound, dental and eye simulators. Among them, due to the advantages of understanding abstract concepts, obtaining practical knowledge, and wide applicability in various fields such as military organizations and academic institutions, the patient simulator is expected to have the highest growth rate during the prognosis period.

 

END USE INFORMATION: 

 According to the end-use, the market is divided into academic institutions, hospitals, military organizations, and R&D. The versatility of minimally invasive surgery and the growing demand are expected to contribute to the growth of hospitals and academic institutions.

 

REGIONAL INFORMATION: 

North America dominated the market in 2020, followed by Europe. In North America, the market is driven by the rise of medical training institutions and hospitals, which are mainly focused on standardized teaching practices to improve patient safety. 

 

The increase in the elderly population in the United States and Canada and the increase in the number of hospitalized patients are expected to drive demand for patient safety and appropriate treatment, which in turn may complement the growth of the regional medical simulation market. 

 

The fastest growth is due to the increasing demand for medical simulation and related services and the increase in public spending on health research. In addition, China is considered a production base for low-cost electronic chips, simulator model parts, software, and anatomical models. Due to sufficient labor and low manufacturing costs, it is very convenient to conduct business in Asian countries. This is an important factor that is expected to increase the Asia-Pacific market.

 

 MEDICAL SIMULATION MARKET SHARE OUTLOOK: 

some of the major players in the market are Canadian Avionics Co., Ltd.; Laerdal Medical AS; Kyoto Chemical Co., Ltd., Limbs &Things, Ltd.; Mantis AB; simulation company; Simulaids, Inc.; Gaumard Scientific Company, Inc.; 3D Systems Company; and Surgical Sciences Sweden AB. Major players adopt strategies such as product and service releases, cooperation and partnerships to strengthen their position in the market. For example, in March 2017, Teva Pharmaceuticals launched the generic drug Minastrin 24 Fe (norethindrone acetate and ethinyl estradiol tablets and ferrous fumarate) in the United States.

 

 MARKET SEGMENTS COVERED BY THE REPORT: 

 The report forecasts global, regional, and national revenue growth, and analyzes industry trends in each sub-segment from 2022-2030. For the purpose of this research, Kenneth Research report on the global medical simulation market based on products and services, end-uses and regions: product and service outlook (revenue, millions of dollars, 2022-2030) .

 

Medical simulation patient anatomical model trainer work Group intervention/surgery simulator, endovascular simulator, ultrasound simulator, dental simulator, eye simulator, web-based training software service, end-use outlook (revenue, million dollars, 2022-2030) academic institution hospital military organization."
 

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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