Press release
Healthcare/Medical Simulation Market Size, Trends, Growth Analysis 2023-2032
Healthcare/Medical Simulation Market
The Business Research Company presents an extensive market research report on the Healthcare/Medical Simulation Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The healthcare/medical simulation market size has grown rapidly in recent years. It will grow from $2.18 billion in 2023 to $2.49 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to rising demand for minimally invasive surgical procedures, growing use of advanced methods and approaches for providing medical education, increase in mortality as a result of medical mistakes, and increasing demand for virtual training interaction due to the covid-19 pandemic.
The healthcare/medical simulation market size is expected to see rapid growth in the next few years. It will grow to $4.29 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period can be attributed to product launches and innovations, technology advancements in medical field, limited access to patients during medical training and increasing demand for minimally invasive treatments. Major trends in the forecast period include product innovation, development of advanced procedure simulators, increasing usage of augmented reality, proliferation of 3d printing technology and an increase in acquisition activity.
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Key Market Players:
Major companies operating in the healthcare/medical simulation market report are Surgical Science, CAE Inc.,Laerdal Medical, Gaumard Scientific, 3B Scientific, Altay Scientific, Simulab Corporation, 3D Systems, Limbs & Things, Kyoto Kagaku Co. Ltd., Trandomed, Foshan Dade Medical Technology Co., Ltd, Mimyk Medical Simulation, SIMTICS, MEDICFX, Augment Simulation India, K.K. MedVision, Japan Medical Device Corporation, Yangzhou Kindsway Biotech Co., Ltd, Mentice, Nordic Simulators Oy, Melerit Medical, Oxford Medical Simulation, Sapiens Steering Brain Stimulation, TerraLoupe, aSR advanced Simulated Reality, MediSensum, SimScale, Simulaids, Operative Experience, Inc, Cardionics Inc, VirtaMed, IngMar Medical, Symgery, Synaptive Medical, LUMC, Afya Ltd, Glic, Iclinic Desenvolvimento de Software Ltda, Aspen Medical, Ensign Medical Coding, Al Talouk Medical Coding Training, WCM-Q, Response Plus Holding, Health-Tech Training, Medical-X.
Market Drivers:
The limited access to patients during medical training contributes to the growth of the healthcare/medical simulation market in the forecast period. Limited access to patients during medical training refers to the challenges or restrictions that healthcare professionals in training may face in gaining hands-on experience with real patients. Limited access to patients during medical training supports a structured and safe learning environment, promotes deliberate practice, minimizes harm to real patients, and allows for standardized training experiences. For instance, in September 2023, according to the World Health Organization, a Switzerland-based Intergovernmental organization, approximately 10% of people experienced injury while receiving medical care, and over 3 million fatalities are attributed to substandard care each year. Up to 4 out of every 100 deaths in low- to middle-income nations are related to subpar care (1). Therefore, the limited access to patients during medical training is propelling the limited access to patients during medical training market forward.
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https://www.thebusinessresearchcompany.com/report/healthcare-medical-simulation-global-market-report
The healthcare/medical simulation market covered in this report is segmented -
1) By Product And Service: Healthcare Anatomical Models, Web-Based Simulation, Healthcare Simulation Software, Simulation Training Services
2) By End-User: Academic Institutes, Hospitals, Military Organizations, Other End-Users
3) By Technology: High-Fidelity Simulators, Medium-Fidelity Simulators, Low-Fidelity Simulators
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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