openPR Logo
Press release

Medical Simulation Market is Estimated to Grow Rapidly till 2023 | Top key Players - 3D SYSTEMS, CANADIAN AVIATION ELECTRONICS, GAUMARD SCIENTIFIC COMPANY, KYOTO KAGAKU, LAERDAL, LIMBS & THINGS, MENTICE AB

09-27-2018 08:35 PM CET | Health & Medicine

Press release from: Market Prognosis

Global Medical Simulation Market Highlights
The medical simulation market is expected to register a CAGR of 20%, during the forecast period, 2018 to 2023. Medical simulation is the modern day methodology for training healthcare professionals through the use of advanced educational technology. Medical simulation is an experiential learning that every healthcare professional will need, but cannot be engaged in always during real-life patient care. Medical simulation has also been called healthcare simulation, simulation in healthcare, patient simulation, nursing simulation, surgical simulation, and clinical simulation.

Get your sample report now @ https://marketprognosis.com/sample-request/16906
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

US Lead the Market in North America Region
The US medical simulation market holds the largest market share in 2017 in North America region due to the presence of high quality healthcare system and modern medical technology in the country. Additionally, the presence of prominent players in the region is likely to contribute towards the growth of the medical simulation market.

Key Developments in the Market
December 2017: Mentice has acquired Endovascular Business from Medical Simulation Corporation, which has strengthen its presence in US region

Major Players:
3D SYSTEMS, CANADIAN AVIATION ELECTRONICS, GAUMARD SCIENTIFIC COMPANY, INC., KYOTO KAGAKU CO., LTD, LAERDAL, LIMBS & THINGS, MENTICE AB, SIMULAB CORPORATION, SIMULAIDS, INC., SURGICAL SCIENCE SWEDEN AB, are among others.

Get Discount on this report @ https://marketprognosis.com/discount-request/16906
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

Continuous Technological Advancements
Technology-enhanced simulation has seen increasing applications in healthcare for the purpose of training healthcare professionals. Furthermore, it is projected to play critical roles in standardized assessment of clinical competencies and as clinical research tools, manikins have been widely available for practices, such as CPR and airway management training, over the last decade; new simulators that are unprecedented in their functionality, have been produced. New features reproduced many, but not all, of the signs seen in deteriorating patents. It became possible to interface them to commercial physiological monitors, anesthesia machines, ventilators and even cardiac defibrillators. Consequently, it became feasible to recreate most medical emergencies with acceptable realism. Patient-Specific Virtual Reality Simulation (PSVR) is a new technological advancement that allows practice of upcoming real operations and complements the established role of VR simulation as a generic training tool. So, this factor is driving the medical simulation market.
The other factors, such as rising number of minimally adhesive surgeries and innovations in patient simulators, and increasing concern over patient safety are driving the medical simulation market to grow.

High Cost of Simulators
Due to the high fixed (overhead) cost structure of simulation centers, economic viability is directly tied with the number of billable hours taught per week.

Types of High Fidelity Manikin and Approximate Costing
• METI Man HPS (CAE) u2013 Unit Cost >USD 200,000
• SIM MAN 3G u2013 Unit Cost USD 96,000
• Mega-code Kelly u2013 Unit cost USD 11,000
• SIM MAN Essential u2013 Unit Cost USD 20,000

Most institutions recognize overall benefits of simulation, however, concerns exist over the capital costs of developing a simulation center. The reported average cost to start a well-equipped lab is estimated at USD 450,000 (ranging from USD 100,000 to several million dollars). Up-front costs include space development or remodeling, if needed, and purchase of trainer systems, which can range from very simple models and multipurpose laparoscopic box trainers to more sophisticated virtual-reality endoscopic, laparoscopic or robotic platforms. In addition, a simulation center requires between USD 12,000-300,000 annually, for consumable materials, such as surgical supplies, maintenance and upgrades, as well as other administrative overhead costs. However, it may cost as little as a few thousand dollars to obtain simple laparoscopic trainer boxes and supplies, if already available, laparoscopic equipment can be utilized for training sessions. So, this high costs are hindering the growth of medical simulation market. The other factors, such as reluctance to adopt new training methods and limited availability of funds, especially in the developing and underdeveloped countries is also hindering the growth of the market.

For More Information, Please Visit @ https://marketprognosis.com/enquiry/16906
Note: “If this link doesn’t work in Internet Explorer, kindly try copy pasting it in other browsers”.

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Medical Simulation Market is Estimated to Grow Rapidly till 2023 | Top key Players - 3D SYSTEMS, CANADIAN AVIATION ELECTRONICS, GAUMARD SCIENTIFIC COMPANY, KYOTO KAGAKU, LAERDAL, LIMBS & THINGS, MENTICE AB here

News-ID: 1268244 • Views:

More Releases from Market Prognosis

Third-Party Logistics (3PL) Market Latest Study Focuses On Current, Future Innovations and Foreseen Till 2026 | FedEx, Exel Logistics, Menlo Worldwide Logistics, Ryder Logistics
Third-Party Logistics (3PL) Market Latest Study Focuses On Current, Future Innov …
The report covers a forecast and an analysis of the Third-Party Logistics (3PL) Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume. Overview of the Global Third-Party Logistics (3PL) Market: The report spread across 90 pages is an overview of the Global Third-Party Logistics (3PL) Market. These report study based on the Third-Party
Ride-Hailing Market: An Insight on the Important Factors and Trends Influencing by Top Key Players (Didi, Uber, Lyft, Gett, Hailo, Ola Cabs, Cabify, GoCatch) | Foreseen Till 2026
Ride-Hailing Market: An Insight on the Important Factors and Trends Influencing …
The report covers a forecast and an analysis of the Ride-Hailing Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume. Overview of the Global Ride-Hailing Market: The report spread across 90 pages is an overview of the Global Ride-Hailing Market. These report study based on the Ride-Hailing Market. It is a complete overview
COVID-19 Impact on Professional Indemnity Insurance Market 2021-2026: Industry Insight and Growth Strategy by Business Players - AIG, Chubb (ACE), Allianz, XL Group, AXA, Aviva
COVID-19 Impact on Professional Indemnity Insurance Market 2021-2026: Industry I …
The report covers a forecast and an analysis of the Professional Indemnity Insurance Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume. Overview of the Global Professional Indemnity Insurance Market: The report spread across 90 pages is an overview of the Global Professional Indemnity Insurance Market. These report study based on the Professional
Modular Construction Market Future Growth Explored in Latest Research Report by 2026 | Komatsu, Kiewit, Skanska, L&T, Taisei, ACS Group, Bouygues Construction
Modular Construction Market Future Growth Explored in Latest Research Report by …
The report covers a forecast and an analysis of the Modular Construction Market on a global and regional level. The study provides historical data for 2018, 2019, and 2020 along with a forecast from 2019 to 2026 based on revenue and volume. Overview of the Global Modular Construction Market: The report spread across 90 pages is an overview of the Global Modular Construction Market. These report study based on the Modular Construction Market. It

All 5 Releases


More Releases for USD

Chlorella Market Reach USD 465.85 Million USD by 2030
Market Growth Fueled by Increased Adoption of Plant-Based Proteins and Health Supplements Global Chlorella Market size was valued at USD 303.75 Mn. in 2023 and the total Chlorella revenue is expected to grow by 6.3 % from 2024 to 2030, reaching nearly USD 465.85 Mn. . The growth of the market is majorly due to increase in the consumer awareness about health, the inclination towards plant-based food such as chlorella and
Bamboo Clothing Market: USD 1.83B to USD 3.27B by 2030
Bamboo Clothing Market Poised for Robust Growth with Sustainability and Eco-Friendly Trends Driving Demand The global bamboo clothing market is experiencing substantial growth, spurred by a significant shift towards sustainable fashion and eco-friendly materials. As consumers become increasingly conscious of their environmental impact, bamboo fabric-known for its natural, biodegradable properties-is gaining popularity in the fashion industry. This market is expected to continue its upward trajectory, driven by rising demand for eco-conscious
Biometrics Market: "Biometrics: USD 34.3B to USD 112.4B by 2031"
Biometrics Market Market Scope: Key Insights : Biometrics Market size was valued at USD 34.3 billion in 2022 and is poised to grow from USD 39.1 billion in 2023 to USD 112.4 billion by 2031, growing at a CAGR of 14.1% during the forecast period (2024-2031). Discover Your Competitive Edge with a Free Sample Report :https://www.skyquestt.com/sample-request/biometrics-market Access the full 2024 Market report for a comprehensive understanding @https://www.skyquestt.com/report/biometrics-market In-Depth Exploration of the global Biometrics
Advanced (3D/4D) Visualization Systems Market Size, Trends, Growth, Share to sur …
Fatpos Global has carefully studied specific areas, such as application and product type, in the global Advanced (3D/4D) Visualization Systems Market research study. During the predicted period of 2022 to 2032, each kind gives data on sales. The Advanced (3D/4D) Visualization Systems Market analysis examines into the characteristics and financials of the leading participants. As per the analysis research report, the Advanced (3D/4D) Visualization Systems Market to
$100,000,000 USD job contract for travel - $3,000,000 USD referral commission.
Khoja Consultants invites companies, teams or venture capitalists for a $100,000,000 USD contract for travel. The selected company will be providing all accommodations and expenses for a 6-month long business trip around the world. Khoja Consultants expects five-star treatment including close security with private planes, hotels, secured vehicles and helicopters if necessary. More details on the job contract and application are provided at - www.KhojaConsultants.com. There is a $3,000,000
IOT Solutions Market worth USD 553.9 million USD by 2026
"The global IoT solutions market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cybersecurity as a service market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa." These days many businesses are adopting a market research report