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Europe Medical Simulation Market - Growth, Trends, and Forecasts (2020-2025)

  • ID: 4771845
  • Report
  • May 2020
  • Region: Europe
  • 69 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • 3B Scientific GmbH
  • CAE Healthcare
  • Ingmar Medical Ltd
  • Mentice AB
  • Simulab Corporation
  • MORE
The European medical simulation market is expected to register a CAGR of nearly 12.7 % during the forecast period.

The propelling factors for the growth of the European medical simulation market include continuous technological advancements, increasing concerns over patient safety, and increasing demand for minimally invasive treatments. Minimally invasive techniques are becoming the standards for surgical techniques, at a very fast pace, for a number of surgical procedures.

Minimally invasive surgical procedures involve smaller incisions leading to quicker recovery, which in turn, helps in the growth of the European medical simulation market. According to the Organisation for Economic Co-operation and Development (OECD) 2017 report, in Iceland, about 97.7% of tonsillectomies (tonsillectomy surgeries) were carried out as ambulatory cases in 2017, the highest share in Europe region.

The METIman simulator is found to be one of the most advanced and realistic simulators in recent times, developed by the CAE simulators.

Thus, the rise in various technological advancements in the field of medical simulation is increasing the applications in healthcare to train healthcare professionals, and as a result of which, the growth of the market studied is expected to propel over the forecast period.

Key Market Trends

Laparoscopic Surgical Simulators Anticipated to be the Fastest Growing Segment During the Forecast Period

Surgeons are shifting to minimally invasive surgeries, primarily towards laparoscopy and robotic surgery from open surgery. However, laparoscopy and robotic surgeries require skilled surgeons to deliver successful procedures. There has been rapid adoption of minimally invasive surgeries in the cholecystectomy, appendectomy, gastric bypass, ventral hernia repair, colectomy, prostatectomy, tubal ligation, hysterectomy, and myomectomy procedures.

According to the Office for National Statistics (UK) 2018 survey report, estimated that in the period 2016-2018, there were about 30,000 healthcare professionals working in London, the highest number in any region in the United Kingdom. There were a further 16,000 EU nationals working in the health sector in the South East and ten thousand employees in the East of England. Thus, the rising number of health care workers show a positive impact on the market.

Thus, the increasing number of minimally invasive surgeries and the need for skilled professionals have propelled the laparoscopic surgical simulators segment of the market studied.

Competitive Landscape

The Europe medical simulation market is highly fragmented, and with many small and medium players, the competition is high. Additionally, the market has been experiencing the entry of new players over the past few years, owing to the rising popularity of simulation technology. The existing players are differentiating themselves on the basis of price, quality, and technology. Some of the market players are 3B Scientific GmbH, B-Line Medical LLC (Subsidiary Ofatellis Inc.), CAE, Education Management Solutions Inc. (EMS), Ingmar Medical Ltd, Mentice AB, Surgical Science Sweden AB, and Simulab Corporation. For instance, in June 2018, CAE Healthcare released CAE Ares training simulator for life support and emergency care. Additionally, in May 2018, the American Society of Anesthesiologists (ASA) and CAE Healthcare announced the launch of the first of its kind, interactive and screen-based simulation training product line, Anesthesia SimSTAT.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

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FEATURED COMPANIES

  • 3B Scientific GmbH
  • CAE Healthcare
  • Ingmar Medical Ltd
  • Mentice AB
  • Simulab Corporation
  • MORE
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Continuous Technological Advancements
4.2.2 Increasing Concerns over Patient Safety
4.2.3 Increasing Demand for Minimally Invasive Treatments
4.3 Market Restraints
4.3.1 High Cost of Simulators
4.3.2 Reluctance to Adopt New Training Methods
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Products and Services
5.1.1 Products
5.1.1.1 Interventional/Surgical Simulators
5.1.1.1.1 Laparoscopic Surgical Simulators
5.1.1.1.2 Gynaecology Surgical Simulators
5.1.1.1.3 Cardiac Surgical Simulators
5.1.1.1.4 Arthroscopic Surgical Simulators
5.1.1.1.5 Other Products
5.1.1.2 Task Trainers
5.1.1.3 Other Products and Services
5.1.2 Services and Software
5.1.2.1 Web-based Simulation
5.1.2.2 Medical Simulation Software
5.1.2.3 Simulation Training Services
5.1.2.4 Other Services and Software
5.2 By Technology
5.2.1 High-fidelity Simulators
5.2.2 Medium-fidelity Simulators
5.2.3 Low-fidelity Simulators
5.3 By End User
5.3.1 Academic and Research Institutes
5.3.2 Hospitals
5.4 Geography
5.4.1 Europe
5.4.1.1 Germany
5.4.1.2 United Kingdom
5.4.1.3 France
5.4.1.4 Italy
5.4.1.5 Spain
5.4.1.6 Rest of Europe

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3B Scientific GmbH
6.1.2 B-Line Medical LLC (Subsidiary of Atellis Inc.)
6.1.3 CAE Healthcare
6.1.4 Education Management Solutions Inc. (EMS)
6.1.5 Ingmar Medical Ltd
6.1.6 Mentice AB
6.1.7 Surgical Science Sweden AB
6.1.8 Simulab Corporation

7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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  • 3B Scientific GmbH
  • B-Line Medical LLC (Subsidiary of Atellis Inc.)
  • CAE Healthcare
  • Education Management Solutions Inc. (EMS)
  • Ingmar Medical Ltd
  • Mentice AB
  • Surgical Science Sweden AB
  • Simulab Corporation
Note: Product cover images may vary from those shown
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