The global medical simulation market was valued at $1,687.50 million in 2020, and is estimated to reach $6,689.60 million by 2030, growing at a CAGR of 14.7% from 2021 to 2030. Medical simulation is a virtual duplication of in situ activities or phenomenon, representing functions and properties of a selective real abstract or process. It is a branch of simulation relating to teaching and training in various medical professions. Simulations can take place in the classroom, in situational settings, or in specially designed venues for simulation exercise. It can include simulated human patients; artificial human, or a combination of the two, educational papers with comprehensive simulated animations, casualty assessment in national security and war scenarios, emergency response, and holographic simulation to support virtual health activities.
Medical simulation also known as healthcare simulation or clinical simulation. It is used to train healthcare professionals using advanced healthcare technologies. It is a contemporary technique that every healthcare practitioner will require but will not always be able to partake in during real-life patient care. Its primary goal was to teach medical professionals to decrease errors in surgery, medication, crisis response, and general practice. It is currently utilized to teach students in anatomy, physiology, and communication during their schooling, when combined with debriefing approaches.
Medical simulators are rapidly becoming a standard component of the educational services provided to medical students, residents, fellows, nursing staff, ancillary health care workers, and practicing physicians all around the world. The rising demand for evidence based treatment services and the decrease in the amount of hours that residents may work each week are two of the reasons for this acceptance. To achieve time, cost, and resource efficiencies that enable successful training, more medical programs are being integrated in traditional classroom and hands-on instruction with the use of computer based medical simulators.
Increase in the use of medical simulation is mainly due rise in use of simulation in healthcare; increase in deaths, owing to medical errors; and necessity to improve patient safety outcomes. According to the World Health Organization (WHO) in 2019, patient safety is one of the serious global public health concern and there is about 1 in 300 chance of a patient being harmed during health care. In addition, it is estimated that there are about 421 million hospitalizations in the world annually, and approximately 42.7 million adverse events or errors occur in patients during these hospitalizations and is further estimated that patient harm is the 14th leading cause of morbidity and mortality across the world. Moreover, inaccurate or delayed diagnoses affect all settings of care and harm an unacceptable number of patients and research shows that at least 5% of adults in the U.S. experience a diagnostic error each year in outpatient settings. Recent postmortem examination research spanning decades has shown that diagnostic errors contribute to approximately 10% of patient deaths in the U.S.
Moreover, benefits such as training of complex as well as normal cases to professionals and technological advancements in the medical field further increases demand for medical simulation. Limited access to patients during medical training, increasing demand for minimally invasive treatments, and rise in demand for virtual training interaction due to the COVID-19 pandemic has further propelled the growth of the medical simulator market.
The advancement of surgical tools for research and development has raised public awareness of minimally invasive surgical methods. Minimally invasive treatments need specialized psychomotor abilities. Simulation offers the necessary tools for mastering these minimally invasive treatments. In addition, augmented reality is utilized for training and teaching and AR-based apps are utilized to give efficient treatment. Thus, surge in demand for minimally invasive surgical techniques is expected to significantly boost the healthcare simulation market. However, high installation cost and lack of complete real situation restrains the market growth.
The medical simulation market is segmented on the basis of product & service, fidelity, end user, and region. On the basis of product & service, it is divided into model-based simulation, web-based simulation, and simulation training services. The model-based simulation segment is further classified into patient simulation, surgical simulation, and ultrasound simulation. Moreover, patient simulation is segmented into task trainer simulation, manikin-based simulators, hybrid manikin-based simulation (with AR) and standardized patient simulators. Surgical simulation is divided in laparoscopic surgical simulators, arthroscopic surgical simulators, cardiovascular simulators, gynecology simulators, orthopedic simulators, spine simulators, endovascular simulators and others. Furthermore, ultrasound simulation is segmented into anesthesia, cardiology, emergency medicine, intensive care unit, obstetrics & gynecology, radiology and others.
In addition, the web-based simulation segment is classified into simulation software, performance-recording software, virtual tutors and learning management software. The simulation training services segment comprise vendor-based training services, custom consulting services, and educational society.
On the basis of fidelity, the market is classified into low fidelity, medium fidelity, and high fidelity simulators. By end user, it is divided into academic institutions, hospitals, and military organizations.
The major players profiled in the report are CAE, Inc., Gaumard Scientific Company, Inc., Intelligent Ultrasound Group Plc., Kyoto Kagaku Co. Ltd., Laerdal Medical AS, Limbs and Things, Ltd., Mentice AB, Operative Experience, Inc., Simulab Corporation, and VirtaMed AG.
Medical simulation also known as healthcare simulation or clinical simulation. It is used to train healthcare professionals using advanced healthcare technologies. It is a contemporary technique that every healthcare practitioner will require but will not always be able to partake in during real-life patient care. Its primary goal was to teach medical professionals to decrease errors in surgery, medication, crisis response, and general practice. It is currently utilized to teach students in anatomy, physiology, and communication during their schooling, when combined with debriefing approaches.
Medical simulators are rapidly becoming a standard component of the educational services provided to medical students, residents, fellows, nursing staff, ancillary health care workers, and practicing physicians all around the world. The rising demand for evidence based treatment services and the decrease in the amount of hours that residents may work each week are two of the reasons for this acceptance. To achieve time, cost, and resource efficiencies that enable successful training, more medical programs are being integrated in traditional classroom and hands-on instruction with the use of computer based medical simulators.
Increase in the use of medical simulation is mainly due rise in use of simulation in healthcare; increase in deaths, owing to medical errors; and necessity to improve patient safety outcomes. According to the World Health Organization (WHO) in 2019, patient safety is one of the serious global public health concern and there is about 1 in 300 chance of a patient being harmed during health care. In addition, it is estimated that there are about 421 million hospitalizations in the world annually, and approximately 42.7 million adverse events or errors occur in patients during these hospitalizations and is further estimated that patient harm is the 14th leading cause of morbidity and mortality across the world. Moreover, inaccurate or delayed diagnoses affect all settings of care and harm an unacceptable number of patients and research shows that at least 5% of adults in the U.S. experience a diagnostic error each year in outpatient settings. Recent postmortem examination research spanning decades has shown that diagnostic errors contribute to approximately 10% of patient deaths in the U.S.
Moreover, benefits such as training of complex as well as normal cases to professionals and technological advancements in the medical field further increases demand for medical simulation. Limited access to patients during medical training, increasing demand for minimally invasive treatments, and rise in demand for virtual training interaction due to the COVID-19 pandemic has further propelled the growth of the medical simulator market.
The advancement of surgical tools for research and development has raised public awareness of minimally invasive surgical methods. Minimally invasive treatments need specialized psychomotor abilities. Simulation offers the necessary tools for mastering these minimally invasive treatments. In addition, augmented reality is utilized for training and teaching and AR-based apps are utilized to give efficient treatment. Thus, surge in demand for minimally invasive surgical techniques is expected to significantly boost the healthcare simulation market. However, high installation cost and lack of complete real situation restrains the market growth.
The medical simulation market is segmented on the basis of product & service, fidelity, end user, and region. On the basis of product & service, it is divided into model-based simulation, web-based simulation, and simulation training services. The model-based simulation segment is further classified into patient simulation, surgical simulation, and ultrasound simulation. Moreover, patient simulation is segmented into task trainer simulation, manikin-based simulators, hybrid manikin-based simulation (with AR) and standardized patient simulators. Surgical simulation is divided in laparoscopic surgical simulators, arthroscopic surgical simulators, cardiovascular simulators, gynecology simulators, orthopedic simulators, spine simulators, endovascular simulators and others. Furthermore, ultrasound simulation is segmented into anesthesia, cardiology, emergency medicine, intensive care unit, obstetrics & gynecology, radiology and others.
In addition, the web-based simulation segment is classified into simulation software, performance-recording software, virtual tutors and learning management software. The simulation training services segment comprise vendor-based training services, custom consulting services, and educational society.
On the basis of fidelity, the market is classified into low fidelity, medium fidelity, and high fidelity simulators. By end user, it is divided into academic institutions, hospitals, and military organizations.
The major players profiled in the report are CAE, Inc., Gaumard Scientific Company, Inc., Intelligent Ultrasound Group Plc., Kyoto Kagaku Co. Ltd., Laerdal Medical AS, Limbs and Things, Ltd., Mentice AB, Operative Experience, Inc., Simulab Corporation, and VirtaMed AG.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides an extensive analysis of the current and emerging market trends and dynamics in the global medical simulation market to identify the prevailing opportunities.
- This study presents the competitive landscape of the global market to predict the competitive environment across geographies.
- Comprehensive analysis of factors that drive and restrict the market growth is provided.
- Region & country-wise analysis is provided to understand the market trends and dynamics.
KEY MARKET SEGMENTS
By Product & Services
- Model-based Simulation
- Patient Simulation
- Task Trainer Simulation
- Manikin-based Simulation
- Adult
- Pediatric
- Neonatal
- Hybrid Manikin-based simulation (with AR)
- Standardized Patient Simulation
- Surgical Simulation
- Laparoscopic Surgical Simulators
- Arthroscopic Surgical Simulators
- Cardiovascular Simulators
- Gynecology Simulators
- Orthopedic Simulators
- Spine Simulators
- Endovascular Simulators
- Others
- Ultrasound Simulation
- Anesthesia
- Cardiology
- Emergency Medicine
- Intensive Care Unit
- OB/GYN
- Radiology
- Others (Urology, General Nursing, Pediatrics)
- Web-based Simulation
- Simulation Software
- Performance Recording Software
- Virtual Tutors
- Learning Management Software
- Simulation Training Services
- Vendor-based Training
- Custom Consulting Services
- Educational Societies
By Fidelity
- Low-fidelity
- Medium-fidelity
- High-fidelity
By End User
- Academic Institutions
- Hospitals
- 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
- South Africa
- Saudi Arabia
- Rest of LAMEA
KEY MARKET PLAYERS
- CAE, Inc.
- Gaumard Scientific Company, Inc.
- Intelligent Ultrasound Group Plc.
- Kyoto Kagaku Co. Ltd.
- Laerdal Medical AS
- Limbs and Things, Ltd.
- Mentice AB
- Operative Experience, Inc.
- Simulab Corporation
- VirtaMed AG
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: GLOBAL MEDICAL SIMULATION MARKET, BY PRODUCT & SERVICE
CHAPTER 5: GLOBAL MEDICAL SIMULATION MARKET, BY FIDELITY
CHAPTER 6: GLOBAL MEDICAL SIMULATION MARKET, BY END USER
CHAPTER 7: MEDICAL SIMULATION MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- CAE Inc.
- Gaumard Scientific Company Inc.
- Intelligent Ultrasound Group Plc.
- Kyoto Kagaku Co. Ltd.
- Laerdal Medical AS
- Limbs
- Things Ltd.
- Mentice AB
- Operative Experience Inc.
- Simulab Corporation
- VirtaMed AG
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 245 |
| Published | November 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 1687.5 million |
| Forecasted Market Value ( USD | $ 6689.6 million |
| Compound Annual Growth Rate | 14.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
