Press release
Healthcare Simulation Market Size, Share, Trends 2024-2033
Healthcare Simulation Market Size
As per the report, 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 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%.
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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.
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.
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
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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.
Contents of the report:
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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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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