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Healthcare/Medical Simulation Market by Product & Services, Dental Simulator, Eye Simulator, Ultrasound Simulator, Simulation Software, End User - Global Forecast to 2022

Healthcare/Medical Simulation Market: Global Forecast until 2022

  • January 2018
  • 236 pages
  • ID: 4169025
In this report:
In 2016, anatomical models accounted for ##.##% of the medical simulation products & services market; this segment is expected to grow at a CAGR of ##.##% during the forecast period.
Moreover, according to a survey by the American Association of Medical Colleges, in 2015, the number of medical school enrollees in the US is expected to reach ##,## in 2019-2020, a ##.##% increase over the baseline enrollment level in 2002-2003.


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The overall medical simulation market forecasted to grow at a CAGR (Compound annual growth rate) of 14.90 percent.

The medical simulation market is forecasted to reach $2575.40M by 2022 from an estimated $1284.00M in 2017, at a compound annual growth rate (CAGR) of 14.90 percent. The benefits of simulation over traditional learning, growing demand for minimally invasive treatments, and rising focus on patient safety are the main factors driving the increase of the significant increase drivers of the medical simulation market. Nevertheless, budgetary constraints, high cost of simulators and operational challenges are limiting the adoption of medical simulation up to some extent during the outlook period.

The web-based simulation segment is expected to record the maximal CAGR (Compound annual growth rate) during the estimate period.

On the basis of product and service, the medical simulation market is divided into anatomical models, medical simulation software, web-based simulation, and simulation training services. The web-based simulation segment is projected to register the maximal compound annual growth rate (CAGR) during the outlook period. The important increase in this industry segment can be attributed to the increasing IT infrastructure in educational institutions, widespread availability of internet services, lack of adequate number of educators, increasing demand for competency assessment, and controlled access to simulation procedures.

Hospital segment forecasted to grow at the highest CAGR (Compound annual growth rate) during 2017 to 2022.

Established on final user, the medical simulation market is broken down into academic institutes, hospitals, military, and other end users. The hospitals segment is anticipated to grow at the highest compound annual growth rate (CAGR) during the estimate period. The advent of advanced simulation-based technologies, wide utilization of simulation models in medical surgeries, growing focus on minimizing errors, and cost-effectiveness of procedural training for medical physicians, are forecast to steer the medical simulation market for hospitals during the outlook period.

Asia-Pac is forecasted to witness the highest increase during the estimate period.

North America (NA) held the biggest share of the overall medical simulation market in 2016. On the other hand, the APAC area is forecast to witness the more important Compound annual growth rate during the outlook period, owing to rising focus on medical education, training & analysis, growing focus on patient safety, and rising healthcare expenditure.

Break of primary members taking part was as mentioned below:

• By Company category - Tier 1 - 28.0 percent, Tier 2 - 43.0 percent and Tier 3 - 29.0 percent

• By Description - C-suite - 14.0 percent, D-level - 43.0 percent, Others - 43.0 percent

• By Area - North America continent - 43.0 percent, Europe (EU) - 14.0 percent, Asia Pacific (APAC) - 29.0 percent, Rest of World - 14.0 percent

The main players in the overall medical simulation market are CAE, Laerdal Medical, 3D Systems, Simulab Corporation, Simulaids, Limbs & Things, Kyoto Kagaku, Mentice, Medaphor, and Gaumard Scientific Company.

Segment Research

The market research examines the different medical simulation and their adoption pattern. It aims at evaluating the market value and future increase potential of the overall medical simulation market for distinct segments including product and service, end-user, and area. The industry report also comprises a detailed competitive analysis of the top players in this sector together with their company descriptions, product offerings, latest developments, and key industries strategies.

Reasons to Buy the Report

The study will increase established companies as well as new entrants/smaller companies to measure the pulse of the sector, which in turn would benefit them, collect a greater share. Companies obtaining the analysis could use one or any combination of the below-mentioned five strategies for strengthening the market.

This industry report offers business insights on these pointers:

• Market Uptake: Exhaustive data on product types provided by the top actors in the overall medical simulation market. The market research examines the overall medical simulation market by category, product, procedure, material, final user, and area

• Product Development/Innovative products: In-depth understanding on upcoming trends and launches of new product in the overall medical simulation market

• Market Development: Highlighted information on the lucrative emerging regions by product and services, end-user, and area

• industry diversification: Complete information about recent products, increasing geographies, and recent evolutions in the overall medical simulation market

• opposing assessment: Detailed assessment of market shares, increase strategies, and products of leading actors in the overall medical simulation market

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