Medical Simulation Market by Product & Service, Fidelity, and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4580541
  • Report
  • Region: Global
  • 195 pages
  • Allied Analytics LLP
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Medical simulation is the virtual duplication of in situ activities or phenomenon, representing the functions and properties of a selective real abstract or process. It is used to train healthcare professionals using advanced healthcare technologies.

The global medical simulation market was valued at $986 million in 2016, and is estimated to reach $2,526 million by 2023, growing at a CAGR of 14.3% from 2017 to 2023. The global medical simulation market is driven by increase in use of simulation in healthcare, rise in deaths due to medical errors, and necessity to improve patient safety outcomes. Moreover, the benefits of medical simulation such as training of complex as well as normal cases for professionals and technological advancements in medical field further increase the demand for medical simulation. However, high installation cost and lack of complete real situation restrains the market growth.

The global medical simulation market is segmented based on product & service, fidelity, end user, and region. Based on product & service, it is divided into model-based simulation, web-based simulation, and simulation training services. Model-based simulation is further classified into patient simulation, surgical simulation, and ultrasound simulation. Patient simulation is segmented into task trainers, manikin-based simulators, and standardized patient simulators. Surgical simulation is sub-segmented in laparoscopic surgical simulators, arthroscopic surgical simulators, cardiovascular simulators, gynecology simulators, and others. Web-based simulation segment is classified into simulation software, performance-recording software, and virtual tutors. Simulation training services comprise vendor-based training services, custom consulting services, and educational society services. Based on fidelity, the market is classified into low-fidelity, medium fidelity, and high-fidelity simulators. Based on end user, the market is divided into academic institutions & research centers, hospitals & clinics, and military organizations. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the emerging trends and dynamics in the global medical simulation market.
This study provides the landscape of the global market to predict the competitive environment across geographies.
This report entails the detailed quantitative analyses of the current trends and future estimations to identify the prevailing opportunities.
Comprehensive analyses of factors that drive and restrict the market growth is provided in the report.
Region- and country-wise analysis is conducted to understand the market trends and dynamics.

KEY MARKET SEGMENTS

By Product & Service

Model-based Simulation
Patient Simulation
Task Trainer Simulation
Manikin-based Simulation
Standardized Patient Simulation
Surgical Simulation
Laparoscopic Surgical Simulators
Arthroscopic Surgical Simulators
Cardiovascular Simulators
Gynecology Simulators
Others
Ultrasound Simulation
Web-based Simulation
Simulation Software
Performance-Recording Software
Virtual Tutors
Simulation Training Services
Vendor-based Training
Custom Consulting Services
Educational Societies

By Fidelity

Low-fidelity
Medium-fidelity
High-fidelity

By End User

Academic Institutions & Research Centers
Hospitals & Clinics
Military Organizations

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA

The key players profiled in this report are as follows:

Laerdal Medical AS
CAE, Inc.
3D Systems, Inc.
Simulab Corporation
Simulaids, Inc.
Limbs and Things, Ltd.
Kyoto Kagaku Co. Ltd.
Mentice AB
Surgical Science Sweden AB
Gaumard Scientific Company, Inc.

The other players operating in the medical simulation market include (not profiled in the report)

MSC
3-Dmed
HRV
Medical Simulation Technologies sp. z o.o.
Remedy Simulation Group
MEDICAL-X
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top winning strategies
3.2.2. TOP WINNING STRATEGIES, BY YEAR, 2015-2018*
3.2.3. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2015-2018* (%)
3.2.4. TOP WINNING STRATEGIES, BY COMPANY, 2015-2018*
3.2.5. Top investment pockets
3.3. Market share analysis, 2016
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Reduced healthcare expenditure
3.4.1.2. Ensured improved patient safety outcomes
3.4.1.3. Benefits of medical simulation
3.4.1.4. Technological advancements in medical field
3.4.2. Restraints
3.4.2.1. High cost of the simulation set up
3.4.2.2. Lack of complete real situation
3.4.3. Opportunities
3.4.3.1. Emerging countries
3.4.4. Impact analysis

CHAPTER 4: MEDICAL SIMUALTION MARKET, BY PRODUCTS & SERVICES
4.1. Overview
4.1.1. Market size and forecast
4.2. Model based simulation
4.2.1. Market size and forecast by type
4.2.1.1. Patient simulation
4.2.1.1.1. Market size and forecast
4.2.1.1.1.1. Task trainer simulation market size and forecast
4.2.1.1.1.2. Manikin-based simulation Market size and forecast
4.2.1.1.1.3. Standardized Patient Simulation market size and forecast
4.2.1.2. Surgical simulation
4.2.1.2.1. Market size and forecast
4.2.1.2.1.1. Laparoscopic Surgical Simulators market size and forecast
4.2.1.2.1.2. Arthroscopic Surgical Simulators market size and forecast
4.2.1.2.1.3. Cardiovascular Simulators market size and forecast
4.2.1.2.1.4. Gynecology Simulators market size and forecast
4.2.1.2.1.5. Others market size and forecast
4.2.1.3. Ultrasound simulation
4.2.1.3.1. Market size and forecast
4.2.2. Market size and forecast by region
4.2.3. Market analysis, by country
4.3. Web-based simulation
4.3.1. Market size and forecast by type
4.3.1.1. Simulation Software market size and forecast
4.3.1.2. Performance Recording Software market size and forecast
4.3.1.3. Virtual Tutors market size and forecast
4.3.2. Market size and forecast by region
4.3.3. Market analysis, by country
4.4. Simulation Training Services
4.4.1. Market size and forecast by type
4.4.1.1. Vendor-based Training market size and forecast
4.4.1.2. Custom Consulting Services market size and forecast
4.4.1.3. Educational Societies market size and forecast
4.4.2. Market size and forecast by region
4.4.3. Market analysis, by country

CHAPTER 5: MEDICAL SIMULATION MARKET, BY FIDELITY
5.1. Overview
5.1.1. Market size and forecast
5.2. Low-fidelity
5.2.1. Market size and forecast by region
5.2.2. Market analysis, by country
5.3. Medium-fidelity
5.3.1. Market size and forecast by region
5.3.2. Market analysis, by country
5.4. High-fidelity
5.4.1. Market size and forecast by region
5.4.2. Market analysis, by country

CHAPTER 6: MEDICAL SIMULATION MARKET, BY END USER
6.1. Overview
6.1.1. Market size and forecast
6.2. Academic Institutions & Research Centers
6.2.1. Market size and forecast by region
6.2.2. Market analysis, by country
6.3. Hospitals & Clinics
6.3.1. Market size and forecast by region
6.3.2. Market analysis, by country
6.4. Military Organizations
6.4.1. Market size and forecast by region
6.4.2. Market analysis, by country

CHAPTER 7: MEDICAL SIMULATION, BY REGION
7.1. Market size and forecast
7.2. North America
7.2.1. North America market size and forecast, by country
7.2.1.1. U.S. medical simulation market size and forecast
7.2.1.1.1. U.S. medical simulation market size and forecast by product & services
7.2.1.1.2. U.S. medical simulation market size and forecast by fidelity
7.2.1.1.3. U.S. medical simulation market size and forecast by end user
7.2.1.2. Canada medical simulation market size and forecast
7.2.1.2.1. Canada medical simulation market size and forecast by product & services
7.2.1.2.2. Canada medical simulation market size and forecast by fidelity
7.2.1.2.3. Canada medical simulation market size and forecast by end user
7.2.1.3. Mexico medical simulation market size and forecast
7.2.1.3.1. Mexico medical simulation market size and forecast by product & services
7.2.1.3.2. Mexico medical simulation market size and forecast by fidelity
7.2.1.3.3. Mexico medical simulation market size and forecast by end user
7.2.2. North America market size and forecast by product & services
7.2.3. North America market size and forecast by fidelity
7.2.4. North America market size and forecast by end user
7.3. Europe
7.3.1. Europe market size and forecast, by country
7.3.1.1. Germany medical simulation market size and forecast
7.3.1.1.1. Germany medical simulation market size and forecast by product & services
7.3.1.1.2. Germany medical simulation market size and forecast by fidelity
7.3.1.1.3. Germany medical simulation market size and forecast by end user
7.3.1.2. France medical simulation market size and forecast
7.3.1.2.1. France medical simulation market size and forecast by product & services
7.3.1.2.2. France medical simulation market size and forecast by fidelity
7.3.1.2.3. France medical simulation market size and forecast by end user
7.3.1.3. UK medical simulation market size and forecast
7.3.1.3.1. UK medical simulation market size and forecast by product & services
7.3.1.3.2. UK medical simulation market size and forecast by fidelity
7.3.1.3.3. UK medical simulation market size and forecast by end user
7.3.1.4. Italy medical simulation market size and forecast
7.3.1.4.1. Italy medical simulation market size and forecast by product & services
7.3.1.4.2. Italy medical simulation market size and forecast by fidelity
7.3.1.4.3. Italy medical simulation market size and forecast by end user
7.3.1.5. Spain medical simulation market size and forecast
7.3.1.5.1. Spain medical simulation market size and forecast by product & services
7.3.1.5.2. Spain medical simulation market size and forecast by fidelity
7.3.1.5.3. Spain medical simulation market size and forecast by end user
7.3.1.6. Rest of Europe medical simulation market size and forecast
7.3.1.6.1. Rest of Europe medical simulation market size and forecast by product & services
7.3.1.6.2. Rest of Europe medical simulation market size and forecast by fidelity
7.3.1.6.3. Rest of Europe medical simulation market size and forecast by end user
7.3.2. Europe market size and forecast by product & services
7.3.3. Europe market size and forecast by fidelity
7.3.4. Europe market size and forecast by end user
7.4. Asia-pacific
7.4.1. Asia-pacific market size and forecast, by country
7.4.1.1. Japan medical simulation market size and forecast
7.4.1.1.1. Japan medical simulation market size and forecast by product & services
7.4.1.1.2. Japan medical simulation market size and forecast by fidelity
7.4.1.1.3. Japan medical simulation market size and forecast by end user
7.4.1.2. China medical simulation market size and forecast
7.4.1.2.1. China medical simulation market size and forecast by product & services
7.4.1.2.2. China medical simulation market size and forecast by fidelity
7.4.1.2.3. China medical simulation market size and forecast by end user
7.4.1.3. India medical simulation market size and forecast
7.4.1.3.1. India medical simulation market size and forecast by product & services
7.4.1.3.2. India medical simulation market size and forecast by fidelity
7.4.1.3.3. India medical simulation market size and forecast by end user
7.4.1.4. Australia medical simulation market size and forecast
7.4.1.4.1. Australia medical simulation market size and forecast by product & services
7.4.1.4.2. Australia medical simulation market size and forecast by fidelity
7.4.1.4.3. Australia medical simulation market size and forecast by end user
7.4.1.5. Rest of Asia-pacific medical simulation market size and forecast
7.4.1.5.1. Rest of Asia-pacific medical simulation market size and forecast by product & services
7.4.1.5.2. Rest of Asia-pacific medical simulation market size and forecast by fidelity
7.4.1.5.3. Rest of Asia-pacific medical simulation market size and forecast by end user
7.4.2. Asia-pacific market size and forecast by product & services
7.4.3. Asia-pacific market size and forecast by fidelity
7.4.4. Asia-pacific market size and forecast by end user
7.5. LAMEA
7.5.1. LAMEA market size and forecast, by country
7.5.1.1. Brazil medical simulation market size and forecast
7.5.1.1.1. Brazil medical simulation market size and forecast by product & services
7.5.1.1.2. Brazil medical simulation market size and forecast by fidelity
7.5.1.1.3. Brazil medical simulation market size and forecast by end user
7.5.1.2. South Africa medical simulation market size and forecast
7.5.1.2.1. South Africa medical simulation market size and forecast by product & services
7.5.1.2.2. South Africa medical simulation market size and forecast by fidelity
7.5.1.2.3. South Africa medical simulation market size and forecast by end user
7.5.1.3. Saudi Arabia medical simulation market size and forecast
7.5.1.3.1. Saudi Arabia medical simulation market size and forecast by product & services
7.5.1.3.2. Saudi Arabia medical simulation market size and forecast by fidelity
7.5.1.3.3. Saudi Arabia medical simulation market size and forecast by end user
7.5.1.4. Rest of LAMEA medical simulation market size and forecast
7.5.1.4.1. Rest of LAMEA medical simulation market size and forecast by product & services
7.5.1.4.2. Rest of LAMEA medical simulation market size and forecast by fidelity
7.5.1.4.3. Rest of LAMEA medical simulation market size and forecast by end user
7.5.2. LAMEA market size and forecast by product & services
7.5.3. LAMEA market size and forecast by fidelity
7.5.4. LAMEA market size and forecast by end user

CHAPTER 8: COMPANY PROFILES
8.1. 3D Systems Corporation (Simbionix)
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Business performance
8.1.4. Key strategic moves and developments
8.2. CAE Inc.
8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.2.5. Key strategic moves and developments
8.3. Gaumard Scientific Company
8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Key strategic moves and developments
8.4. Kyoto Kagaku Co. Ltd.
8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.5. Laerdal Medical AS
8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Key strategic moves and developments
8.6. Limbs and Things Ltd.
8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Key strategic moves and developments
8.7. Mentice AB
8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Key strategic moves and developments
8.8. Simulab Corporation
8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.9. Simulaids Inc.
8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Key strategic moves and developments
8.10. Surgical Science Sweden AB
8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Business performance
8.10.4. Key strategic moves and developments
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According to a new report titled, "Medical Simulation Market by Product & Service, Fidelity, and End Userlobal 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.

Medical simulation is a training method in which healthcare professionals practice tasks and processes in real life circumstances using virtual reality or simulation models. Increase in use of simulation in healthcare, surge in emphasis on patient safety & outcomes, limited access to live patients during training, and medical technology revolution drive the growth of the market. However, the high cost of installation and other related expenditures are expected to impede the market growth.

By product & service, the patient simulators segment generated the maximum revenue in 2016, accounting for more than one-fourth share of the global medical simulation market. Surgical simulation segment is expected to witness the highest CAGR during the forecast period, owing to increase in the number of cardiac, arthroscopic, and gynecological procedures.

By fidelity, the low-fidelity simulators segment dominated in 2016 with three-fifths share in the global medical simulation market. Based on application, the hospitals & clinics segment is expected to dominate the global market in the future owing to increase in the number of surgical procedures. On the other hand, the academic institution & research centers segment is estimated to exhibit a CAGR of 15.6%.

Key Findings of the Medical Simulation Market

Web-based simulation segment contributed for nearly one-third share of the global medical simulation market in 2016.
Surgical simulation is projected to grow at a significant CAGR of 14.6%, during the forecast period (2017-2023).
Hospitals & clinics segment contributed for more than half of the global market in 2016.
Germany and France together accounted for more than one-third share of the European medical simulation market in 2016.
Japan accounted for more than one-third share of the Asia-Pacific medical simulation market in 2016.

The Asia-Pacific market is projected to grow at the highest CAGR of 15.6% during the forecast period, owing to increase in awareness about the benefits of simulation in healthcare industry and rise in expenditures in the emerging markets (such as India and China) to cater to the unmet medical needs.

The major companies profiled in the report are Laerdal Medical AS, CAE, Inc., 3D Systems, Inc., Simulab Corporation, Simulaids, Inc., Limbs and Things, Ltd., Kyoto Kagaku Co. Ltd., Mentice AB, Surgical Science Sweden AB, and Gaumard Scientific Company, Inc.
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