CHICAGO, May 18, 2020 /PRNewswire/ -- According to the new market research report "Healthcare / Medical Simulation Market by Product & Services (Patient Simulator, Task Trainer, Surgical Simulator (Laparoscopy, Arthroscopy), Dental Simulator, Eye Simulator, Ultrasound Simulator, Simulation Software), End User - Global Forecast to 2025", published by MarketsandMarkets™, the global Medical Simulation Market size is projected to reach USD 3.7 billion by 2025 from USD 1.9 billion in 2020, at a CAGR of 14.6% during the forecast period.
Download PDF Brochure:
The limited access to live patients during training, advancements in medical education, increasing demand for minimally invasive treatments, increasing focus on patient safety, and growing demand for virtual training due to current COVID-19 pandemic are the major factors driving the growth of the medical simulation industry. The base year considered for the study is 2019, while the forecast period is between 2020 and 2025.
By product, anatomical models segment accounted for the largest share of the market in 2019
Based on the product, the medical simulation anatomical models segment accounted for the largest share of the global medical simulation market. The large share of this segment can be attributed to the high adoption of high-fidelity (degree of realism) products, increasing primary care services, and shortage of healthcare professionals.
Browse in-depth TOC on "Healthcare / Medical Simulation Market"
217 – Tables
27 – Figures
259 – Pages
The academic institute segment is expected to witness the highest growth in the medical simulation market, by end-user, during the forecast period
Based on end-users, the academic institute segment is expected to register the highest CAGR during the forecast period. Factors responsible for the growth of this segment are the gradual shift of focus away from traditional learning, the advent of advanced simulation-based technologies, full utilization of simulation models in medical surgeries, increasing focus on minimizing errors, and cost-effectiveness of procedural training for medical physicians.
North America dominated the global medical simulation industry in 2019
North America accounted for the largest share of the medical simulation market in 2019, followed by Europe and Asia Pacific. Accessibility to technologies, well-established distribution channels, and a rising number of healthcare professionals demanding hands-on patient training are some of the factors driving the growth of the medical simulation industry in North America.
Get 10% Customization on this Research Report:
The prominent players in the global medical simulation market are CAE (Canada), Laerdal Medical (Norway), 3D Systems (US), Simulab Corporation (US), Simulaids (US), Limbs & Things (US), Kyoto Kagaku (Japan), Mentice AB (Sweden), Medaphor (UK), and Gaumard Scientific Company (US), Operative Experience, Inc. (US), Cardionics Inc. (US), VirtaMed AG (Switzerland), SynBone AG (Switzerland), VRMagic Holding AG (Germany), OssimTech (Canada), HRV Simulation (France), Synaptive Medical (Canada), Inovus Medical (UK), and Surgical Science Sweden AG (Sweden).
Get Special Pricing on Bundle Reports:
Browse Related Reports:
Healthcare Education Solutions Market by Delivery Mode (Classroom-based, E-Learning), Application (Cardiology, Internal Medicine, Radiology, Neurology, Pediatrics), End User (Physicians, Non-Physicians) - Global Forecasts to 2023
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/healthcare-medical-simulation-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/healthcare-medical-simulation.asp