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Patient Simulators Market Hit US$ 2,373.1 Mn in 2025 Leading Players Limbs & Things, Simulaids, Laerdal Medical, Kyoto Kagaku Co

07-11-2022 10:33 AM CET | Health & Medicine

Press release from: The Insight Partners

North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period, whereas the market is expected to witness growth at a significant rate in Asia Pacific (APAC) region during the forecast period. The Asia Pacific patient simulators market is expected to grow with CAGR of 18.1% to US$ 412.7 Mn 2025 from US$ 110.6 Mn in 2017. Factors such supportive government guideline, product innovations in Japan as well as presence of startup companies operating in patient simulators market are likely to grow the market in the forecast period.

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.

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On the basis of end user, the patient simulator market is segmented into patient institutes, hospitals and military organizations. the academic institutes segment is expected to dominate the market based on the end user contributing a share of 41.9%. This is primarily attributed to rising training programs in the academic institutes using simulators. Moreover, academic institutes segment is anticipated to grow at a fastest growth rate of 17.4% during the forecast period.

The patient simulator market by product is segmented into adult patient simulator, infant simulator and childbirth simulator. 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 17.3% during the forecast period, 2018 to 2025.

Virtual reality (VR) is the combination of human senses that include touch & sight, hearing, with software & hardware to create an immersive examining virtual environment. VR is a three-dimensional (3D) computer generated environment that an individual can explore and interact with, and also perform a series of actions or manipulate objects within the environment. Augmented reality (AR) is comprised of virtual reality superimposed into the real life, where users are able to interact with virtual contents of the real world. These virtual contents are basically in the form of digital imagery and sound which include videos or 3D models.

The medical simulators offer clinicians the most realistic hands-on experience in medical training using surgical simulators to perform minimally invasive surgery (MIS) and interventional procedures, at the least patient risk. Nowadays, there are laparoscopic surgery simulators with haptic or tactile feedback, wet-lab courses involving live animals in laparoscopic or microsurgery, and virtual reality computer programs addressing a widening range of surgical and interventional procedures.

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.

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About Us:
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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Contact Person: Sameer Joshi
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Phone: +1-646-491-9876

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