Press release
US Medical Simulation Market Booming Worldwide with Latest Trend and Future Scope by 2025
The US medical simulation market is estimated to grow modestly at a CAGR of around 10.4% during the forecast period. The increasing demand for the display of information and real-time human interaction with digital devices and objects in various sectors such as healthcare, automotive, gaming & entertainment industries, and pico-projectors has been witnessed in the country. The introduction of virtual reality news is expected to augment the advancement of virtual technology in sectors such as healthcare. In addition, the country is regarded as the highest spending country in healthcare across the globe.(Get 25% Discount on Buying this Report)
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A significant rise in the number of new medical simulation institutes has been observed in the past 20 years. Bristol Medical Simulation Centre estimates that more than 400 institutes have been developed in the last 20 years in the country. According to the Centers for Medicare & Medicaid Services (CMS), US healthcare spending increased 4.3% in 2016 and reaching $10,348 per person or $3.3 trillion. In addition, as a portion of the nation's GD), the US healthcare spending held 17.9% in 2016. As per their estimate, healthcare spending is anticipated to rise at an average rate of 5.5% every year for the period (2017-2026) and to reach $5.7 trillion by 2026. The major factor affecting the growth of healthcare spending in the US includes rising prices of medical goods & services and increasing geriatric population.
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US Medical Simulation Market Segmentation
By Products and Services
Web-based Simulation
Model-based Simulation
Simulation Training Services
By Fidelity
Low Fidelity
Medium Fidelity
High Fidelity
By End-Users
Academic Institutes and Research Centers
Military Organizations
Hospitals
Company Profiles
· 3D System, Inc.
· Anesoft Corp.
· B-Line Medical
· CAE Healthcare
· Cardionics
· Charles River Analytics Inc.
· Education Management Solution, LLC
· Flexsim Software Products, Inc.
· IngMar Medical, Ltd.
· Innovative Tactical Training Solutions, Inc.
· Moog Inc.
· Simulaids Inc.
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Medical Simulation Market -
Medical Simulation Market by Product & Service, Fidelity, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global medical simulation market was valued at $986 million in 2016, and is projected to reach $2,526 million by 2023, growing at a CAGR of 14.3% from 2017 to 2023. By product & service, the model-based simulation held more than half of the global medical simulation market in 2016.
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