According to IMARC Group’s latest report, titled “Medical Simulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global medical simulation market size reached US$ 1.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2027, exhibiting a growth rate (CAGR) of 13.62% during 2022-2027.

Market Overview:

Medical simulation is a strategic training that enables the acquisition of clinical skills through deliberate practice using real-world situations. It qualifies healthcare providers to practice, learn, and assess their medical skills in a safe environment. Simulation provides such learning opportunities using casualty assessment in national security and war scenarios, instructional materials with detailed simulated animations, whole-body manikins, task trainers, artificial human patients, and emergency response. It also provides feedback and is largely used by physicians, nurses, surgeons, and other practitioners across academic institutes, hospitals, military organizations, research facilities, and ambulatory care centers. 

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The primary factor driving the global medical simulation market is the growing adoption of virtual training in medical institutes. This is further boosted by the rising focus on patient safety and the launch of advanced medical simulation products for training. Moreover, the rising casualties due to medical errors and the shifting preference toward minimally invasive (MI) procedures are accelerating the market growth. Additionally, the increasing investments by governments of various nations in the healthcare sector and surging consumer awareness regarding simulation-based learning are bolstering the market growth. Furthermore, the integration of robotics, augmented reality (AR), and artificial intelligence (AI) with medical simulations and the rapidly expanding medical industry are providing a considerable thrust to the market growth.  

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Competitive Landscape:

  • Cardionics Inc.
  • 3B Scientific GmbH
  • Gaumard Scientific Company Inc.
  • Kyoto Kagaku Co. Ltd
  • Laerdal Medical
  • Mentice
  • Operative Experience Inc.
  • Simbionix USA Corporation
  • 3D Systems
  • Simulab Corporation
  • Surgical Science Sweden AB
  • Synaptive Medical Inc.
  • SynBone AG
  • VirtaMed AG.

Key Market Segmentation:

Breakup by Product and Services:

  • Model-based Simulation
  • Surgical Simulation
  • Ultrasound Simulation
  • Web-based Simulation
  • Simulation Training Services 

Breakup by Fidelity:

  • Low Fidelity
  • Medium Fidelity
  • High Fidelity 

Breakup by End User:

  • Hospitals and Clinics
  • Academic Institutions and Research Centers
  • Military Organizations
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:                                                             

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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