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Healthcare/Medical Simulation Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Surgical Science, CAE Inc.,Laerdal Medical, Gaumard Scientific, 3B Scientific

05-31-2024 11:09 AM CET | Health & Medicine

Press release from: The Business Research Company

Healthcare/Medical Simulation Global Market Report 2024

Healthcare/Medical Simulation Global Market Report 2024

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Healthcare/Medical Simulation Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $4.29 billion In 2028 At A CAGR Of 14.6% :

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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Healthcare/Medical Simulation Market Major Segments
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

Key Driver - Role Of Limited Access To Patients In Driving Growth Of Healthcare/Medical Simulation Market

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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Prominent Trend - Integration Of Virtual Reality In Healthcare Education: Advancements In Advanced Procedure Simulators

The development of advanced procedure simulators is a key trend in the healthcare and medical simulation market. For instance, in February 2021 Elsevier, a Netherland-based research publishing and information analytics company, partnered with SimX, a UK-based healthcare software company specializing in medical simulation, and announced the launch of the Simulation Learning System (SLS) for RN integrated with virtual reality technology for healthcare professionals, to offer nursing schools the ability to facilitate clinical simulations with an effective solution for nursing schools experiencing limitations with in-person labs and clinical rotations due to the COVID-19 restrictions to avoid disrupting learning continuity for students. Using this Simulation Learning System (SLS) with virtual reality the students are instantly immersed in a dynamic clinical environment and are surrounded by all the instruments and resources found in a regular healthcare setting to offer simulated clinical experiences that help students gain clinical judgment skills and enhance learning outcomes.

Healthcare/Medical Simulation 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.

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/healthcare-medical-simulation-global-market-report

Largest And Fastest Growing Region In The Market
North America will be the largest region in the healthcare/medical simulation market in 2023. The regions covered in the healthcare/medical simulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Healthcare/Medical Simulation Market Report Structure
3. Healthcare/Medical Simulation Market Trends And Strategies
4. Healthcare/Medical Simulation Market - Macro Economic Scenario
5. Healthcare/Medical Simulation Market Size And Growth
…..
27. Healthcare/Medical Simulation Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

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