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North American Medical Simulation Market 2019-2025

  • ID: 5013551
  • Report
  • January 2020
  • Region: North America
  • Orion Market Research Private Limited

FEATURED COMPANIES

  • 3D System, Inc.
  • Anesoft Corp.
  • B-Line Medical
  • CAE Healthcare
  • Cardionics
  • IngMar Medical, Ltd.
North American Medical Simulation Market Size, Share & Trends Analysis Report by Product & Service (Web-Based Simulation, Model-Based Simulation, and Simulation Training Services), by Fidelity (Low Fidelity, Medium Fidelity, and High Fidelity), by End-Users (Academic Institutes & Research Centers, Hospitals, and Military Organizations) and Forecast 2019-2025.

The North American medical simulation market is estimated to grow modestly at a CAGR of around 10.6% during the forecast period. North America has a considerable market share in the medical simulation market due to well-developed infrastructure, growing adoption of VR and AR in the healthcare sector and increasing demand for minimally invasive treatments in the region. Moreover, the North American region has a well-developed ICT sector and employs the adoption of a larger number of connected devices which further supports the use of VR and AR in the healthcare sector of the region.

The major countries which contributes to the market growth are the US and Canada. The minimally invasive surgical procedure requires proper training and knowledge about the procedure, which can be fulfilled by using the simulations. The North American minimally invasive treatment market has been one of the best across the globe, offering world-class treatments to the patients. Several players that are primarily serving in minimally invasive treatments segment have introduced several new innovative devices in the market that have proven to enhance the effectiveness of the procedure. For instance, the Da Vinci series of the surgical robotic system by Intuitive Surgical, Inc. which is designed for multiple procedures such as GI, urology, neurology and so on. In addition, North American Spine offers minimally invasive spine surgery options for the treatment of back conditions, including bulging disc, spondylosis, sciatica and scoliosis.

The companies which are contributing to the growth of the North American medical simulation market include CAE Healthcare, Charles River Analytics Inc., Simulaids Inc., Flexsim Software Products, Inc., and 3D System, Inc. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in May 2018, CAE Healthcare and the American Society of Anesthesiologists launched the latest, screen-based simulation training product line, Anesthesia SimSTAT. It is designed to provide physician anesthesiologists with advanced training, which enables them to manage aesthetic emergencies, patients going through laparoscopic surgeries for acute appendicitis.

Research Methodology

The market study of the North American medical simulation market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors.

Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. the analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to the reports.

Secondary Sources Include
  • Financial reports of companies involved in the market.
  • Whitepapers, research-papers, and news blogs.
  • Company websites and their product catalog.

The report is intended for medical simulation manufacturers, healthcare providers, government organizations for overall market analysis, and competitive analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. North American Medical Simulation Market Research and Analysis by Product & Service
2. North American Medical Simulation Market Research and Analysis by Fidelity
3. North American Medical Simulation Market Research and Analysis by End-Users

The Report Covers
  • Comprehensive research methodology of the North American medical simulation market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the North American medical simulation market.
  • Insights about market determinants which are stimulating the North American medical simulation market.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3D System, Inc.
  • Anesoft Corp.
  • B-Line Medical
  • CAE Healthcare
  • Cardionics
  • IngMar Medical, Ltd.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography

2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations

3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments

4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities

5. Market Segmentation
5.1. North American Medical Simulation Market by Products and Services
5.1.1. Web-based Simulation
5.1.2. Model-based Simulation
5.1.3. Simulation Training Services
5.2. North American Medical Simulation Market by Fidelity
5.2.1. Low Fidelity
5.2.2. Medium Fidelity
5.2.3. High Fidelity
5.3. North American Medical Simulation Market by End-Users
5.3.1. Academic Institutes and Research Centers
5.3.2. Military Organizations
5.3.3. Hospitals

6. Regional Analysis
6.1. United States
6.2. Canada

7. Company Profiles
7.1. 3D System, Inc.
7.2. Anesoft Corp.
7.3. B-Line Medical
7.4. CAE Healthcare
7.5. Cardionics
7.6. Charles River Analytics Inc.
7.7. Education Management Solution, LLC
7.8. Flexsim Software Products, Inc.
7.9. IngMar Medical, Ltd.
7.10. Innovative Tactical Training Solutions, Inc.
7.11. Moog Inc.
7.12. Simulaids Inc.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • 3D System, Inc.
  • Anesoft Corp.
  • B-Line Medical
  • CAE Healthcare
  • Cardionics
  • Charles River Analytics Inc.
  • Education Management Solution, LLC
  • Flexsim Software Products, Inc.
  • IngMar Medical, Ltd.
  • Innovative Tactical Training Solutions, Inc.
  • Moog Inc.
  • Simulaids Inc.
Note: Product cover images may vary from those shown