WILMINGTON, Delaware, UNITED STATES, Feb. 27, 2023 (GLOBE NEWSWIRE) — Transparency Market Research Inc. – The global medical simulation market is estimated at US$2.2 billion by 2023. Global industry is estimated to be likely US$14.2 billion by 2033, growing at a CAGR of 19.1% between 2023 and 2033.
Medical simulation is the virtual reconstruction of personal events or activities that mimic the characteristics and properties of a real concept or procedure. It is a type of simulation used in the instruction and training of people in a range of medical specialties. Simulated events can take place in a controlled environment, e.g. B. in a classroom, in the real world or in a specially designed environment.
Students demonstrate a better understanding of different subjects when taught in combination with simulation or pre-education. Accordingly, army units and other organizations have integrated simulations to improve their training procedures.
North America is expected to be one of the fast growing regions and is likely to continue dominating the global medical simulation market due to multiple mergers, acquisitions and collaborations of leading local companies.
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Key Findings of the Market Report
Based on technology, the procedure sample technology segment is expected to lead the global industry at a CAGR of 15.4% between 2023 and 2033. The segment had the largest market share in 2020. The introduction of procedural rehearsal technology is expected to be due to the increasing number of medical errors and patient safety requirements. Industry players are implementing technological advances. This is expected to drive business opportunities in the global medical simulation market.
Based on product and service type, the healthcare anatomical models segment is expected to lead the industry at a CAGR of 21.3% during the forecast period. The segment of healthcare anatomical models accounted for more than 30% market share in 2020. Medical simulators have proven to be effective for performing trials, permutations, and combinations before designs, processes, or systems are finalized, particularly in the field of medical devices. These aspects should support the growth of the segment in the coming years.
Global Medical Simulation Market: Growth Drivers
Due to their striking resemblance to human characteristics, medical simulators are currently used in medical education around the world. The demands for patient safety and accessibility are particularly important in healthcare. As a result, simulation is used more frequently in general education and vocational training programs. This is expected to drive the market development.
Virtual simulation technologies have been used during the COVID-19 outbreak to improve and advance healthcare practices. Screen-based simulations for virtual reality, distance learning, mixed reality, extended reality and augmented reality are increasingly being used. This, in turn, is likely to drive industry growth between 2023 and 2033.
Better healthcare infrastructure has evolved over time to address challenges including unmet healthcare needs and medical errors that are becoming more common. As a result, the use of medical simulations has increased to prevent medical errors and also to address unmet healthcare needs.
Buy this premium research report | Immediately available: Global Medical Simulation Market: Regional Outlook The Asia Pacific market is expected to grow at a CAGR of 20.4% over the projected period. The industry in the region is expected to grow fastest due to the increasing demand for healthcare simulation and related services. Emerging markets India and China are expected to capture a large market share in Asia Pacific, led by the increasing emphasis on medical studies and research in these countries. In addition, it is quite easy to do business in Asian countries due to the plentiful availability of skilled labor and low manufacturing costs. This is a crucial factor that is expected to accelerate the expansion of the Asia-Pacific market. Global Medical Simulation Market: Major Players Some of the major players in the global medical simulation market are: Surgical Science Sweden ABKyoto Kagaku Co. LtdMentice ABLimbs & Things LtdGaumard Scientific CompanyLaerdal Medical Ask for references: Global Medical Simulation Market: Segmentation Product and Service Type Healthcare Anatomical ModelsWeb-Based SimulatorsHealthcare Simulation SoftwareSimulation Training Services technology Virtual patient simulation3D printing process Trial technique end use Academic institutesHospitalsMilitary organizationsResearch regions North AmericaEuropeAsia PacificMiddle East & AfricaLatin America About transparency market research Transparency Market Research, a global market research firm based in Wilmington, Delaware, USA, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to collect and analyze information. Our data repository is continuously updated and revised by a team of research experts, so it always reflects the latest trends and information. With a broad research and analytical capacity, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive datasets and research material for business reports. Contact:
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The US market is expected to grow at a CAGR of 19.7% from 2023 to 2033. It is estimated that the US has a significant market demand for medical simulation due to the presence of established distribution networks, greater access to technology and an increasing propensity of physicians for classroom training. The high demand for telemedicine and online training due to the recent pandemic is also expected to drive the US market in the near future.
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Nikhil Sawlani
Transparency Market Research Inc.
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