Healthcare / Medical Simulation Market

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

Report Code: HIT 2828 May, 2020, by marketsandmarkets.com

[259 Pages Report] 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. The market growth can be attributed to factors such as the benefits of simulation over traditional learning, increasing demand for minimally invasive treatments, and increasing focus on patient safety.

The shortage of healthcare personnel, growing awareness pertaining to simulation education in emerging countries, and technological advancements are expected to create lucrative opportunities for players in the market. On the other hand, budgetary constraints, the high cost of simulators, and operational challenges are all major factors that are expected to challenge market growth to a certain extent during the forecast period.

Attractive Opportunities in the medical simulation market

The web-based simulation segment is estimated to grow at the highest CAGR in the medical simulation market, by type, in 2019

Based on the products and services, the medical simulation market is segmented into medical simulation anatomical models, medical simulation software, web-based simulation, and simulation training services. The web-based simulation segment is estimated to grow at the highest CAGR during the forecast period. The high growth in this segment can be attributed to the wide availability of Internet services, controlled and predictable environment for learning, and controlled access to simulation procedures.

The medical simulation laparoscopic segment will continue to dominate the interventional/ surgical simulation market during the forecast period

Based on the interventional/surgical simulators, the medical simulation is broadly categorized into laparoscopy surgical simulators, gynecology simulators, cardiovascular simulators, orthopedic simulators, spine surgical simulators, and others. Laparoscopy is the largest segment in this market, primarily due to the increasing number of clinical trials conducted for oncology and the rising prevalence of cancer worldwide. The high adoption of simulation techniques in laparoscopy and technological innovations are factors responsible for the large share of this segment during the forecast period. This is expected to drive the demand for medical simulation in the clinical trials of cancer drugs.

Academic institutes are the largest end-users of the medical simulation market.

Based on end-users, the medical simulation market is segmented into academic institutes, military organizations, hospitals, and others. In 2019, the academic institute segment accounted for the largest share of the medical simulation market, followed by hospitals and military organizations. The hospital segment is expected to witness the highest growth 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.

Attractive Opportunities in the medical simulation market

Asia Pacific market to witness the highest growth during the forecast period

The global medical simulation market is segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The Asia Pacific market is estimated to grow at the highest CAGR during the forecast period, primarily due to the presence of a large patient population (especially in China and India), increasing investments in R&D, increasing focus on medical education, training, research, and patient safety, and rising healthcare expenditure.

Key Market Players

The prominent players in the 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), 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).

Please visit 360Quadrants to see the vendor listing of Simulation Software.

Scope of the Report:

Report Metric

Details

Market Size Available for Years

2018–2025

Base Year Considered

2019

Forecast Period

2020–2025

Forecast Unit

Value (USD Million)

Segments Covered

Products & Services  and End User

Geographies Covered

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

 

The research report categorizes the medical simulation market into the following segments and sub-segments:

By products and services

  • Healthcare Simulation Anatomical Models                
  • Patient Simulators   
  • High Fidelity
  • Medium Fidelity
  • Low Fidelity
  • Task Trainers
  • Interventional/Surgical Simulators
    • Laparoscopic Surgical Simulators
    • Gynecology Simulators
    • Cardiovascular Simulators
    • Arthroscopic Surgical Simulators
    • Spine Surgical Simulator
    • Other Interventional/Surgical Simulators
    • Endovascular Simulators
    • Ultrasound Simulators
    • Dental Simulators
    • Eye Simulators
  • Web-Based Simulation
  • Healthcare Simulation Software
    • Performance Recording Software
    • Virtual Tutors
  • Simulation Training Services
  • Vendor-Based Training
  • Diagnosis-based training
  • Surgical based training
  • Educational Societies
  • Custom Consulting Services

By End User

  • Academic Institutes
  • Hospitals
  • Military  Organizations
  • Others (Research centers, Ambulatory care services )

By Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa

Recent Developments

  • In April 2020, CAE collaborated with Area9 Lyceum (US) to provide an online Ventilator Reskilling Course to the clinician's midst of the Covid-19 pandemic.
  • In April 2020, 3D Systems launched Lung Ultrasound Training services to combat the current COVID-19 pandemic.
  • In March 2020, CAE launched the Vimedix 3.0, a high fidelity simulator that facilitates the learning process for cardiac, lung, Obs/Gyn, and stomach all in one through a common platform.
  • In March 2020, 3D Systems collaborated with Ben Gurion University (Israel), and Beer- Sheva (Israel). The collaboration aimed to develop training modules that enable clinicians to acquire rapid and accurate lung diagnostic skills using an ultrasound machine and improve Covid-19 Triage.

Key Questions Addressed in the Report

  • What are the top 10 players operating in the medical simulation market?
  • What are the drivers, restraints, opportunities, and challenges impacting the market?
  • What are the prevailing industry trends?
  • What is the current scenario of the medical simulation market?
  • How is the medical simulation market performing in different regions across the globe?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS
1INTRODUCTION (Page No. - 31)
1.1Objectives of the Study
1.2Market Definition and Scope
1.2.1Inclusions and exclusions
1.3Market Scope
1.3.1Markets covered
Figure 1Global medical simulation market
1.3.2Years considered for the study
1.4Currency
Table 1Exchange rates utilized for conversion to USD
1.5Limitations
1.6Stakeholders
2RESEARCH METHODOLOGY (Page No. - 35)
2.1Research Approach
Figure 2Research design
2.1.1Secondary research
2.1.1.1Key data from secondary sources
2.1.2Primary data
2.1.2.1Key data from primary source
2.1.2.2Breakdown of primary interviews: By company type, designation, and region
2.2Market Size Estimation
Figure 3Market size estimation: Revenue share analysis
Figure 4Top-down approach
2.3Markey Breakdown & Data Triangulation
Figure 5Market data triangulation methodology
2.4Assumptions for the Study
3EXECUTIVE SUMMARY (Page No. - 44)
Table 2Medical simulation market snapshot
Figure 6Medical simulation market, by product & services, 2020 vs. 2025 (USD Million)
Figure 7Interventional/surgical simulators market, by type, 2020 vs. 2025 (USD Million)
Figure 8Medical simulator market, by end user, 2020 vs. 2025 (USD Million)
Figure 9Medical simulation market: Regional snapshot
4PREMIUM INSIGHTS (Page No. - 49)
4.1Medical Simulation Market Overview
Figure 10Increasing demand for minimally invasive surgeries to drive market growth
4.2Asia Pacific: Medical Simulation Market, By Products & Services and Country (2019)
Figure 11Medical simulation anatomical model segment and Japan accounted for the largest shares of the apac medical simulation market in 2019
4.3Medical Simulation Market: Geographic Growth Opportunities
Figure 12China to register the highest growth during the forecast period
4.4Regional Mix: Medical Simulation Market
Figure 13North America to dominate the medical simulation market during the forecast period
4.5Medical Simulation Market: Developing VS. Developed Countries
Figure 14Developing countries to register higher growth during the forecast period
5MARKET OVERVIEW (Page No. - 54)
5.1Introduction
5.2Market Dynamics
Figure 15Medical simulation market: Driver, restraints, opportunities, and challenges
5.2.1Market drivers
5.2.1.1Limited access to live patients during training
5.2.1.2Advancements in medical education
5.2.1.3Growing demand for minimally invasive treatments
5.2.1.4Increasing focus on patient safety
5.2.1.5Increasing demand for virtual training due to the current COVID-19 pandemic
5.2.2Restraints
5.2.2.1Limited availability of funds
5.2.2.2Incomplete mimicking of the medical simulators
5.2.3Opportunities
5.2.3.1Shortage of healthcare personnel
5.2.3.2Growing awareness regarding simulation education in emerging countries
5.2.4Challenges
5.2.4.1High cost of simulators
5.2.4.2Operational challenges
6INDUSTRY INSIGHTS (Page No. - 62)
6.1Introduction
6.2Industry Trends
6.2.1Use of Virtual Reality (VR) and Augmented Reality (AR) in medical simulation
6.2.2Race towards top fidelity
6.2.3Use of multidisciplinary approach in the development of simulators
6.2.4Artificial intelligence used in surgery backed up with software
6.2.5HCIT/EMR
7GLOBAL MEDICAL SIMULATION MARKET, BY PRODUCTS & SERVICES (Page No. - 65)
7.1Introduction
Figure 16Web-based simulation to register the highest growth in the medical simulation market during the forecast period
Table 3Global medical simulation products and services market size, by type, 2018–2025 (USD Million)
Table 4Global medical simulation products and services market size, by country, 2018–2025 (USD Million)
7.2Medical Simulation Anatomical Models
Table 5Global medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 6Global medical simulation anatomical models market size, by country, 2018–2025 (USD Million)
7.2.1Patient simulators
Table 7Patient simulators offered by key market players
Table 8Global patient simulators market size, by type, 2018–2025 (USD Million)
Table 9Global patient simulators market size, by country, 2018–2025 (USD Million)
7.2.1.1High fidelity simulators
7.2.1.1.1Growing adoption of high fidelity simulators in education and training of healthcare professionals
Table 10High fidelity simulators offered by key market players
Table 11Global high fidelity patient simulator market size, by country, 2018–2025 (USD Million)
7.2.1.2Medium fidelity simulators
7.2.1.2.1High adoption of medium fidelity simulation as compared to high fidelity simulation owing to cost benefits
Table 12Medium fidelity simulators offered by key market players
Table 13Global medium fidelity patient simulator market size, by country, 2018–2025 (USD Million)
7.2.1.3Low fidelity simulators
7.2.1.3.1Growing adoption of simulation trainings, budgetary constraints, and ease of use are the factors responsible for the growth of the segment
Table 14Low fiedlity simulators offered by key market players
Table 15Global low fidelity patient simulator market size, by country, 2018–2025 (USD Million)
7.2.2Task trainers
7.2.2.1Inability of task trainers to imitate the emotional attributes of patients is expected to hamper the growth of the segment to an extent
Table 16Task trainers offered by key market players
Table 17Global task trainers market size, by country, 2018–2025 (USD Million)
7.2.3Interventional/surgical simulators
Table 18Global interventional/surgical simulators market size, by country, 2018–2025 (USD Million)
Table 19Global interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
7.2.3.1Laparoscopic surgical simulators
7.2.3.1.1Increasing preference for minimally invasive surgeries to drive the growth of this segment
Table 20Laproscopic surgical simulators offered by key market players
Table 21Global laparoscopic surgical simulators market size, by country, 2018–2025 (USD Million)
7.2.3.2Gynecology simulators
7.2.3.2.1Increasing incidence of diseases such as fibroids and polyps in women has fueled the growth of the segment
Table 22Gynecology simulators offered by key market players
Table 23Global gynecology simulators market size, by country, 2018–2025 (USD Million)
7.2.3.3Cardiovascular simulators
7.2.3.3.1Increasing prevalence of obesity and diabetes to boost the demand for cardiovascular simulators
Table 24Cardiovascular simulators offered by key market players
Table 25Global cardiovascular simulators market size, by country, 2018–2025 (USD Million)
7.2.3.4Orthopedic surgical simulators
7.2.3.4.1Working through small portals with delicate and fragile instruments are major challenges in this segment
Table 26Orthopedic simulators offered by key market players
Table 27Global orthopedic surgical simulators market size, by country, 2018–2025 (USD Million)
7.2.3.5Spine surgical simulators
7.2.3.5.1Increasing spinal injuries to boost the growth of the segment
Table 28Spine surgical simulators offered by key market players
Table 29Global spine surgical simulators market size, by country, 2018–2025 (USD Million)
7.2.3.6Other Interventional/Surgical Simulators
Table 30Other interventional/surgical simulators offered by key market players
Table 31Global other interventional/surgical simulators market, by country, 2018–2025 (USD Million)
7.2.4Endovascular simulators
7.2.4.1Endovascular simulators help in reducing mortality rates and offer shorter recovery periods for patients as compared to vascular procedures
Table 32Endovascular simulators offered by key market players
Table 33Global endovascular simulators market size, by country, 2018–2025 (USD Million)
7.2.5Ultrasound simulators
7.2.5.1Poor quality of image from low dynamics, spatial resolution, and signal to noise ratio are major challenges in the growth of the segment
Table 34Ultrasound simulators offered by key market players
Table 35Global ultrasound simulators market size, by country, 2018–2025 (USD Million)
7.2.6Dental simulators
7.2.6.1Expanding dental tourism industry is fueling the demand for dental simulators
Table 36Dental simulators offered by key market players
Table 37Global dental simulators market size, by country, 2018–2025 (USD Million)
7.2.7Eye simulators
7.2.7.1Increasing incidence of eye disorders across the globe due to the rapidly growing geriatric population to drive the growth of the segment
Table 38Eye simulators offered by key market players
Table 39Global eye simulators market size, by country, 2018–2025 (USD Million)
7.3Web-Based Simulation
Table 40Web-based simulators offered by key market players
Table 41Global web-based simulation market size, by country, 2018–2025 (USD Million)
7.4Medical Simulation Software
Table 42Global medical simulation software market size, by type, 2018–2025 (USD Million)
Table 43Global medical simulation software market size, by country, 2018–2025 (USD Million)
7.4.1Performance recording software
7.4.1.1Complexity, compromised system integration, and time constraints due to manual processes to restrain the growth of this market
Table 44Performance recording software offered by key market players
Table 45Global performance recording software market size, by country, 2018–2025 (USD Million)
7.4.2Virtual tutors
7.4.2.1Virtual reality helps to reduce human errors in the medical sector
Table 46Virtual tutors offered by key market players
Table 47Global virtual tutors market size, by country, 2018–2025 (USD Million)
7.5Simulation Training Services
Table 48Global medical simulation training services market size, by country, 2018–2025 (USD Million)
7.5.1Vendor-based training
7.5.1.1High focus on patient safety in actual clinical practices to propel the growth of the segment
Table 49Vendor-based training services offered by key market players
Table 50Global vendor-based training services market size, by country, 2018–2025 (USD Million)
7.5.2Educational societies
7.5.2.1Need for proper training and authenticated knowledge is driving the growth of this segment
Table 51Educational socities simulators offered by key market players
Table 52Global educational societies market size, by country, 2018–2025 (USD Million)
7.5.3Custom consulting services
7.5.3.1Need to curtail the problems faced with traditional medical training systems is expected to propel the growth of the segment
Table 53Custom consulting services offered by key market players
Table 54Global custom consulting services market size, by country, 2018–2025 (USD Million)
8GLOBAL MEDICAL SIMULATION MARKET, BY END USER (Page No. - 111)
8.1Introduction
Figure 17Academic institutes to be the dominant segment of global medical simulation market during the forecast period
Table 55Global medical simulation market, by end user, 2018–2025 (USD Million)
8.2Academic Institutes
8.2.1Growing need for skilled medical professionals is expected to increase the use of medical simulators in academic institutions
Table 56Global medical simulation market for academic institutes, by country/region, 2018–2025 (USD Million)
8.3Hospitals
8.3.1Surging number of covid-19 patients and rising focus on minimizing errors are driving the growth of the hospitals segment
Table 57Global medical simulation market for hospitals, by country, 2018–2025 (USD Million)
8.4Military Organizations
8.4.1Increasing use of simulators to explore new methods during warfare conditions is expected to propel the growth of the segment
Table 58Global medical simulation market for military organizations, by country, 2018–2025 (USD Million)
8.5Other End Users
Table 59Global medical simulation market for other end users, by country, 2018–2025 (USD Million)
9GLOBAL MEDICAL SIMULATION MARKET, BY GEOGRAPHY (Page No. - 119)
9.1Introduction
Figure 18Medical simulation market: Geographic snapshot (2019)
Table 60Global medical simulation market size, by region, 2018–2025 (USD Million)
9.2North America
Figure 19North America: Medical simulation market snapshot (2019)
Table 61North America: Medical simulation market size, by country, 2018–2025 (USD Million)
Table 62North America: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 63North America: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 64North America: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 65North America: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 66North America: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 67North America: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 68North America: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.2.1US
9.2.1.1Increasing demand for virtual tutors due to current COVID-19 pandemic and high healthcare spending to boost the market growth
Table 69US: Macroeconomic indicators for the medical simulation market
Table 70US: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 71US: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 72US: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 73us: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 74us: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 75US: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 76US: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.2.2Canada
9.2.2.1Increase in funding, surgical capacity, and number of treatment programs in some provinces of Canada, especially Ontario, to drive the growth of the market
Table 77Canada: Macroeconomic indicators for the medical simulation market
Table 78Canada: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 79Canada: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 80Canada: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 81Canada: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 82Canada: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 83Canada: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.3Europe
Table 84Europe: Medical simulation market size, by country, 2018–2025 (USD Million)
Table 85Europe: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 86Europe: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 87Europe: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 88Europe: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 89Europe: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 90Europe: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 91Europe: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.3.1Germany
9.3.1.1High healthcare spending to be the key driver for market growth in Germany
Table 92Germany: Macroeconomic indicators for the medical simulation market
Table 93Germany: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 94Germany: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 95Germany: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 96Germany: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 97Germany: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 98Germany: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 99Germany: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.3.2France
9.3.2.1Mandate to provide all surgical residents with simulation training in France to boost the market growth
Table 100France: Macroeconomic indicators for the medical simulation market
Table 101France: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 102France: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 103France: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 104France: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 105France: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 106France: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 107France: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.3.3UK
9.3.3.1Increasing healthcare expenditure and rising number of healthcare simulation centers and hospitals are fueling the growth of the medical simulation market in the UK
Table 108UK: Macroeconomic indicators for the medical simulation market
Table 109UK: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 110UK: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 111UK: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 112UK: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 113UK: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 114UK: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 115UK: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.3.4Italy
9.3.4.1Growing burden of several diseases and shortage of healthcare workforce are expected to increase the demand for simulation-based training
Table 116Italy: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 117Italy: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 118Italy: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 119Italy: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 120Italy: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 121Italy: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 122Italy: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.3.5Spain
9.3.5.1Increasing surgical procedures to boost the demand for simulators.
Table 123Spain: Macroeconomic indicators for the medical simulation market
Table 124Spain: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 125Spain: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 126Spain: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 127Spain: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 128Spain: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 129Spain: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 130Spain: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.3.6Rest of Europe
Table 131RoE: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 132RoE: Mannequin-based simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 133RoE: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 134RoE: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 135RoE: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 136RoE: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 137RoE: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.4Asia Pacific
Table 138Asia Pacific: Medical simulation market size, by country, 2018–2025 (USD Million)
Figure 20Asia Pacific: Medical simulation market snapshot
Table 139Asia Pacific: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 140Asia Pacific: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 141Asia Pacific: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 142Asia Pacific: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 143Asia Pacific: Medical simulation software market size, by product, 2018–2025 (USD Million)
Table 144Asia Pacific: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 145Asia Pacific: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.4.1Japan
9.4.1.1Increasing demand for virtual tutors, mannequins, and technologically advanced simulators is the major reason for the growth of this market
Table 146Japan: Macroeconomic indicators for the medical simulation market
Table 147Japan: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 148Japan: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 149Japan: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 150Japan: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 151Japan: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 152Japan: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 153Japan: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.4.2China
9.4.2.1Simulation training provides both medical students and patients a safe environment for practice and helps eliminate errors
Table 154China: Macroeconomic indicators for the medical simulation market
Table 155China: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 156China: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 157China: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 158China: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 159China: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 160China: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 161China: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.4.3India
9.4.3.1Growing awareness regarding patient safety issues among general public, and rising need to bridge the gap between requirement and opportunities for training
Table 162India: Macroeconomic indicators for the medical simulation market
Table 163India: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 164India: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 165India: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 166India: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 167India: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 168India: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 169India: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.4.4Rest of Asia Pacific (RoAPAC)
Table 170RoAPAC: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 171RoAPAC: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 172RoAPAC: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 173RoAPAC: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 174RoAPAC: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 175RoAPAC: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 176RoAPAC: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.5Latin America
Table 177Latin America: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 178Latin America: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 179Latin America: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 180Latin America: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 181Latin America: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 182Latin America: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 183Latin America: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.5.1Brazil
9.5.1.1High incidence of chronic diseases to drive the demand for medical simulators
Table 184Brazil: Macroeconomic indicators for the medical simulation market
Table 185Brazil: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 186Brazil: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 187Brazil: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 188Brazil: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 189Brazil: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 190Brazil: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 191Brazil: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.5.2Mexico
9.5.2.1Disruptive technologies and private–public partnerships to boost the healthcare sector in the country
Table 192Mexico: Macroeconomic indicators for the medical simulation market
Table 193Mexico: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 194Mexico: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 195Mexico: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 196Mexico: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 197Mexico: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 198Mexico: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 199Mexico: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.5.3Rest of Latin America
Table 200RoLA: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 201RoLA: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 202RoLA: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 203RoLA: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 204RoLA: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 205RoLA: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 206RoLA: Medical simulation market size, by end user, 2018–2025 (USD Million)
9.6Middle East & Africa
Table 207Middle East & Africa: Medical simulation market size, by product & service, 2018–2025 (USD Million)
Table 208Middle East & Africa: Medical simulation anatomical models market size, by type, 2018–2025 (USD Million)
Table 209Middle East & Africa: Patient simulators market size, by type, 2018–2025 (USD Million)
Table 210Middle East & Africa: Interventional/surgical simulators market size, by type, 2018–2025 (USD Million)
Table 211Middle East & Africa: Medical simulation software market size, by type, 2018–2025 (USD Million)
Table 212Middle East & Africa: Medical simulation training services market size, by type, 2018–2025 (USD Million)
Table 213Middle East & Africa: Medical simulation market size, by end user, 2018–2025 (USD Million)
10COMPETITIVE LANDSCAPE (Page No. - 191)
10.1Overview
Figure 21Product launches—the key growth strategy adopted by market players from 2017 to April 2020
10.2Market Ranking Analysis
Table 214Medical simulation market ranking analysis, by player, 2019
10.2.1CAE (Canada)
10.2.23D systems (US)
10.3Competitive Leadership Mapping, 2019
10.3.1Visionary leaders
10.3.2Innovators
10.3.3Emerging companies
10.3.4Dynamic differentiators
Figure 22Medical simulation market competitive leadership mapping, 2019
10.4Competitive Situations and Trends
10.4.1New product launch
Table 215Product launches, (2017–2020)
10.4.2Partnerships, agreements, and collaborations
Table 216Partnerships, agreements, and collaborations, (2019–2020)
10.4.3Acquisitions
Table 217Acquisitions, (2017-2020)
11COMPANY PROFILES (Page No. - 198)
(Business Overview, Products Offered, Services Offered, Recent Developments, MnM View)*
11.1CAE INC.
Figure 23CAE: Company snapshot (2019)
11.23D SYSTEMS
Figure 243D SYSTEMS: Company snapshot (2019)
11.3LAERDAL MEDICAL
11.4GAUMARD SCIENTIFIC COMPANY
11.5KYOTO KAGAKU
11.6LIMBS & THINGS
11.7MENTICE AB
Figure 25MENTICE AB : Company snapshot (2019)
11.8SIMULAB CORPORATION
11.9SIMULAIDS
11.10INTELLIGENT ULTRASOUND GROUP PLC
Figure 26INTELLIGENT ULTRASOUND GROUP PLC: Company snapshot (2018)
11.11OPERATIVE EXPERIENCE, INC.
11.12SURGICAL SCIENCE SWEDEN AB.
Figure 27SURGICAL SCIENCE SWEDEN AB: Company snapshot (2018)
11.13CARDIONICS INC.
11.14VIRTAMED AG
11.15SYNBONE AG
11.16VRMAGIC HOLDING AG.
11.17OSSIMTECH
11.18HRV SIMULATION
11.19SYNAPTIVE MEDICAL
11.20INOVUS MEDICAL
*Business Overview, Products Offered, Services Offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
12APPENDIX (Page No. - 258)
12.1Insights of Industry Experts
12.2Discussion Guide
12.3Knowledge Store: MarketsandMarkets’ Subscription Portal
12.4Elated Reports
12.5Author Details

This study involved four major activities for estimating the current size of the global medical simulation market. Exhaustive secondary research was conducted to collect information on the market as well as its peer and parent markets. The next step focused on validating these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the sizes of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources such as D&B Hoovers, Bloomberg Business, and Factiva have been referred to identify and collect information for this study. These secondary sources include annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold-standard and silver-standard websites, regulatory bodies, and databases.

Primary Research

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology and innovation directors, and related key executives from various key companies operating in the medical simulation market. Primary sources from the demand side include experts from hospitals and medical institutes and research and academic laboratories. Primary research was conducted to validate the market segmentation, identify key players in the market, and gather insights on the key industry trends and key market dynamics, such as market drivers, restraints, challenges, and opportunities.

Attractive Opportunities in the medical simulation market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The total size of the medical simulation market was arrived at after data triangulation from two different approaches, as mentioned below.

Approach to calculate the revenue of different players in the medical simulation market

The size of the global medical simulation market was obtained from annual reports, SEC filings, online publications, and extensive primary interviews. A percentage split was applied to arrive at the size of market segments. Further splits were applied to arrive at the size for each sub-segment. Primary participants validated these percentage splits. The country-level market sizes obtained from the annual reports, SEC filings, online publications, and extensive primary interviews were added up to reach the total market size for regions. By adding up the market sizes for all the regions, the global medical simulation market was derived.

Approach to derive the market size and estimate market growth

The market size and market growth were estimated through primary interviews on a regional and global level. All responses were collated, and a weighted average was taken to derive a probabilistic estimate of the market size and growth rate.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes explained above-the medical simulation market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Objectives of the Study

  • To define, describe, and forecast the medical simulation market based on products and services, end user, and region
  • To provide detailed information regarding the major factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
  • To forecast the size of the market segments with respect to five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa
  • To profile key market players and comprehensively analyze their product portfolios, market shares, and core competencies
  • To track and analyze competitive developments, such as product launches, expansions, acquisitions, agreements, and collaborations in the medical simulation market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the medical simulation market report:

Geographic Analysis

  • Further breakdown of the Rest of Europe medical simulation market
  • Further breakdown of the Rest of Asia Pacific medical simulation market

Company Information

  • Detailed analysis and profiling of additional market players
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