Asia-Pacific 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.
Asia-Pacific medical simulation market is estimated to grow modestly at a CAGR of around 12.8% during the forecast period. The major countries which will contribute to the market are China, India, and Japan. Factors such as increasing focus on the integration of advanced technology for providing training to medical professionals coupled with an increasing focus on patient safety, growing infrastructure, vast population base, and emerging economies such as China, India, and South Korea are augmenting the growth of medical simulation market in the region. The increasing prevalence of CVD and the rise in the aging population in the region are two main factors that aid in the growth of minimally invasive surgeries, henceforth supporting the rapid adoption of simulation in the minimally invasive surgeries.
In addition, economies including Japan and Australia are further expected to share a significant share in the medical simulation market of the region. the hospitals in Australia such as the Wesley Hospital have performed more than 4,500 robotic cases across gynecology, colorectal, general surgery, urology, and gynae-oncology surgery, since 2010. It is the first hospital in Australia to have two Da Vinci surgical robotic systems. With increasing minimally invasive surgical procedures, the demand for proper training of these procedures is expected to hit the country, which can be catered by using medical simulation.
Some of the companies which are contributing to the growth of the Asia-Pacific medical simulation market include CAE Healthcare, Kavo Dental, Kyoto Kagaku Co., Ltd., Laerdal Medical, and Trandomed 3D 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 September 2019, Kyoto Kagaku Co., Ltd. launched a female catheterization and enema simulator II. This new simulator increases accuracy for safe clinical practices. This is expected to offer exponential growth to the company in the global market.
Research Methodology:
The market study of the Asia-Pacific 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 research 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:
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. Asia-Pacific Medical Simulation Market Research and Analysis by Product & Service
2. Asia-Pacific Medical Simulation Market Research and Analysis by Fidelity
3. Asia-Pacific Medical Simulation Market Research and Analysis by End-Users
The Report Covers:
Asia-Pacific medical simulation market is estimated to grow modestly at a CAGR of around 12.8% during the forecast period. The major countries which will contribute to the market are China, India, and Japan. Factors such as increasing focus on the integration of advanced technology for providing training to medical professionals coupled with an increasing focus on patient safety, growing infrastructure, vast population base, and emerging economies such as China, India, and South Korea are augmenting the growth of medical simulation market in the region. The increasing prevalence of CVD and the rise in the aging population in the region are two main factors that aid in the growth of minimally invasive surgeries, henceforth supporting the rapid adoption of simulation in the minimally invasive surgeries.
In addition, economies including Japan and Australia are further expected to share a significant share in the medical simulation market of the region. the hospitals in Australia such as the Wesley Hospital have performed more than 4,500 robotic cases across gynecology, colorectal, general surgery, urology, and gynae-oncology surgery, since 2010. It is the first hospital in Australia to have two Da Vinci surgical robotic systems. With increasing minimally invasive surgical procedures, the demand for proper training of these procedures is expected to hit the country, which can be catered by using medical simulation.
Some of the companies which are contributing to the growth of the Asia-Pacific medical simulation market include CAE Healthcare, Kavo Dental, Kyoto Kagaku Co., Ltd., Laerdal Medical, and Trandomed 3D 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 September 2019, Kyoto Kagaku Co., Ltd. launched a female catheterization and enema simulator II. This new simulator increases accuracy for safe clinical practices. This is expected to offer exponential growth to the company in the global market.
Research Methodology:
The market study of the Asia-Pacific 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 research 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 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. Asia-Pacific Medical Simulation Market Research and Analysis by Product & Service
2. Asia-Pacific Medical Simulation Market Research and Analysis by Fidelity
3. Asia-Pacific Medical Simulation Market Research and Analysis by End-Users
The Report Covers:
- Comprehensive Research Methodology of the Asia-Pacific 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 Asia-Pacific medical simulation market.
- Insights about market determinants which are stimulating the Asia-Pacific medical simulation market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
Companies Mentioned
A selection of companies mentioned in this report includes:
- CAE Healthcare
- Flexsim Software Products, Inc.
- Kavo Dental
- KEZLEX (Japan Medical Company Inc.)
- Kyoto Kagaku Co., Ltd.
- Laerdal Medical
- MedVision K.K.
- Mentice
- Moog Inc.
- Trandomed 3D Inc.
