Dublin, Oct. 14, 2021 (GLOBE NEWSWIRE) -- The "Healthcare/Medical Simulation Market by Product and Service (Patient Simulators, High Fidelity Simulators, Low Fidelity Simulators, Task Trainer, Surgical Simulators, Virtual tutor) By End User (Academic Institutes, Hospital) - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The healthcare/medical simulation market is expected to reach USD 3.4 billion by 2026 from USD 1.7 billion in 2021, at a CAGR of 15.1% from 2021 to 2026.
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 market.
Moreover, factors such as growing awareness pertaining to simulation education in emerging countries and shortage of healthcare personnel are creating lucrative opportunities for the market players.
"Laparoscopic surgical simulators segment to have the largest share during the forecast period."
Laparoscopic surgical simulators accounted for the largest share of the interventional/surgical simulators market in 2020. The high adoption of simulation techniques in laparoscopy and technological innovations are responsible for the large share of this segment during the forecast period.
"Academic institutes segment to grow at the highest CAGR from 2021 to 2026."
Based on end user, the medical simulation market is segmented into academic institutes, military organizations, hospitals and others. In 2020, the academic institute segment accounted for the largest share of the medical simulation market in 2020, followed by hospitals and military organizations.
Factors responsible for the growth of this segment are the gradual shift of focus away from traditional learning, advent of advanced simulation-based technologies, wide utilization of simulation models in medical surgeries, increasing focus on minimizing errors, and cost-effectiveness of procedural training for medical physicians.
"APAC to witness the highest growth rate during the forecast period."
The Asia Pacific market is projected to grow at the highest CAGR during the forecast period. Market growth in the APAC region is mainly driven by the increasing focus on medical education, training, & research and the increasing focus on patient safety and increasing healthcare expenditure.
Key players in the healthcare/medical simulation market
The key players operating in the healthcare/medical simulation market include CAE Inc. (Canada), Laerdal Medical (Norway), 3D Systems (US), Gaumard Scientific Co. (US), Limbs & Things (US), Surgical Science Sweden AG (Sweden), Kyoto Kagaku (Japan), Mentice AB (Sweden), Intelligent Ultrasound Group Plc (UK), Simulab Corp. (US), Simulaids (US).
Advancements in Medical Technology is a Key Factor Driving the Market Growth
Medical Simulation Anatomical Model Segment and Japan Accounted for the Largest Share of the APAC Market in 2020
China to Register the Highest Growth During the Forecast Period
North America to Dominate the Medical Simulation Market During the Forecast Period
Developing Countries to Register Higher Growth During the Forecast Period
Limited Access to Patients During Medical Training
Rising Technological Advancements in Medical Education
Growing Demand for Minimally Invasive Treatments
Increasing Focus on Patient Safety
Growing Preference for Virtual Interaction Due to the COVID-19 Pandemic
Limited Availability of Funds
Poorly Designed Medical Simulators
Shortage of Healthcare Personnel
Growing Awareness for Simulation Training in Emerging Economies
High Cost of Simulators
Patent Publication Trends for Medical Simulation
Patent Publication Trends (January 2011-June 2021)
Jurisdiction and Top Applicant Analysis
Top Applicants & Owners (Companies/Institutions) for Medical Simulation Patents (January 2011 to June 2021)
Top Applicant Countries/Regions for Medical Simulation Patents (January 2011 to June 2021)
Use of Virtual Reality (Vr) and Augmented Reality (Ar) in Medical Simulation
High-Fidelity Technological Advancements
Multimodal Approach in the Development of Simulators
Utilisation of Ai and Ml Software in Surgical Procedures
Growing Use of Hcit/Emr
Gaumard Scientific Co.
Limbs & Things
Intelligent Ultrasound Group plc
Operative Experience Inc.
Surgical Science Sweden Ab
Cardionics Inc. (Subsidiary of 3B Scientific)
Kavo Dental Gmbh
Vrmagic Holding Ag.
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