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Patient Simulators Market 2019: Key Futuristic Trends and Competitive Landscape - Kyoto Kagaku, Simulab Corporation, Simulaids, CAE Healthcare, Laerdal Medical, 3D Systems, Gaumard Scientific, Surgical Science, Surgical Science

06-26-2019 09:22 AM CET | Health & Medicine

Press release from: The Insight Partners

Patient Simulators Market to 2025

Patient Simulators Market to 2025

The global patient simulators market is expected to reach US$ 2,373.1 Mn in 2025 from US$ 694.6 in 2017. The market is estimated to grow with a CAGR of 16.8% from 2018-2025.

The market for global patient simulators is expected to grow as increasing demand for minimally invasive treatment methods, growing technological advancement and rising focus on patient safety in the market. Additionally, the future trend such as virtual reality and augmented reality in patient simulators in the patient simulators market is expected to increase in the forecast period.

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The major players operating in the global patient simulators market include, CAE Healthcare, Laerdal Medical, 3D Systems, Inc., Gaumard Scientific, Kyoto Kagaku Co., Ltd., Simulab Corporation, Simulaids, Surgical Science, Surgical Science and Limbs & Things LTD among others. For instance, in January 2018, Laerdal Medical launched the new SimNewB and SimBaby simulators. The launch increased the ability to strengthen the portfolio of simulators. The developments performed by the companies are helping the market to grow in the coming years.

Increasing Demand for Minimally Invasive Treatment Methods Expected to Drive The Market Over The Forecast Period.

Global patient simulators market, based on the product was segmented into adult patient simulator, infant simulator, and childbirth simulator. In 2017, the adult patient simulator segment held a largest market share of 50.3% of the patient simulators, by product. This segment is also expected to dominate the market in 2025. The growth of the market is primarily attributed to the use of adult patient simulators in various training programs across the globe and also the segment is expected to grow with the fastest growth rate of 16.8% during the forecast period, 2018 to 2025.

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Strategic Insights

Product launch/update and agreements & collaborations were observed as the most adopted strategy in global patient simulator industry. Few of the product launches and agreements made by the players in the market are listed below:

2018: 3D Systems launched Simbionix ARTHRO Mentor Express training simulator which designed to help medical professionals learn and perfect surgical procedures for knees, shoulders and hips on a portable and affordable tabletop platform.

2016: CAE Healthcare and the American Society of Anesthesiologists (ASA), together signed a collaborative agreement to design and develop an interactive screen-based simulation product.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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