Patient simulators market is expected to grow at a CAGR of approximately 14% during the forecast period (2018-2023) |Key Players - 3D SYSTEMS, CAEE INC., SIMULAB CORPORATION, SIMULAIDS INC., SURGICAL SCIENCE SWEDEN, amongst others.

North America to Dominate the Market
North America held the largest share in 2017 and is expected to retain its leading position in the forecast period. Europe and Asia - Pacific will show promising growth in the forecasted years.

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In future huge spending would be done in healthcare, indicates the huge demand for lowering healthcare costs and providing value-based services. Consequently, patient simulators market is expected to grow, as their increased use will directly contribute to lowering of the overall healthcare costs. The innovation in healthcare and technology, and an increasing focus on patient safety are some factors which are driving the growth of global patient simulators market. The growth of the market is being limited, due to high cost of simulators, and lack of funding for research and development of simulators.

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Market Segments:
Patient simulators market is segmented by:
1. Type of Simulation: Mannequin-based Simulation, Web-based Simulation
2. Type of Simulation Software: Performance Recording Software, Virtual Tutors
3. Training Service: Vendor-based Training, Custom Consulting Services, Educational Societies
4. End Users: Academic Institution, Hospitals, Military Organization
5. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• January, 2018 - CAE Healthcare announced the release of CAE LucinaAR with Microsoft HoloLens, the world’s first augmented reality childbirth simulator with integrated mother-baby physiology.
• January, 2018 - Laerdal Medical announced that it will launch the new SimNewBu00ae and SimBabyu2122 simulators at the International Meeting on Simulation in Healthcare (IMSH) conference in Los Angeles, CA.

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