Industry Outlook
The global medical simulators market held US$ 1939.1 Mn in 2020 and expected to grow at compound annual growth rate (CAGR) of 14.6% during the forecast period from 2021 to 2029. Medical simulation is the process of recreating real life conditions that allows the trainer to control the learning environment and optimize conditions for the given experiment. There is a growing demand for the use of simulation-based medical education due to rising ethical tensions and stringent regulations associated with the use of patients and real body for training and education tools. Technological advancements in the medical simulators have made the usage of simulators in different levels of experiments in multidisciplinary areas. Moreover, growing inclination for minimally-invasive surgeries is further assisting the growth of medical simulators market. Performing minimally-invasive surgeries require proper training and psychomotor skills which can be attained by various training models using medical simulators. The advent of augmented reality in medical training and education has resulted in the heightened patient care and outcomes. Mannequin-based simulations have been widely used for practicing CPR and airway management, however, technological advancements has made various healthcare procedures possible. High cost of the devices and awareness regarding these products are the major restraining factors for the growth of the market, especially in the under-developed countries due to paucity of resources.
Anatomical Models to Drive the Growth of Medical Simulators Market
In 2020, anatomical models held the largest share in the global medical simulators market owing to its growing application in interdisciplinary medical areas. The segment is set to maintain its pole position throughout the forecast period owing to its growing application in academics, hospital and other end-use areas. Manikin-based simulation is the largest sub-segment in anatomical models. Manikin-based simulation have the ability to mimic human function such as real-time vital stats, spontaneous breathing, obstruction in respiratory tracts, pupil responses and others. Moreover, availability of complex models responding to drugs, heat and environmental factors and stimulus will further drive the market during the forecast period.
Historical & Forecast Period
This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.
Report Scope by Segments
Medical Simulators market report furnishes quantitative analysis along with its latest market trends. The market is segmented based on product & service type, end-user type, and geography.
The market is studied in order to understand the current dynamics and future trends in the global medical simulators market. The study includes market size and forecast for all considered segments presented in the report for the period from 2019 to 2029, along with respective compound annual growth rate (CAGRs) for the forecast period from 2021 to 2029, considering 2020 as the base year. The key players currently engaged in medical simulators market include Canadian Aviation Electronics, Ltd., Kyoto Kagaku Co., Ltd., Laedral Medical AS, Mentice AB, Simulab Corporation, Simulaids, Inc., and Gaumard Scientific Company, Inc. among others.
Key questions answered in this report
- How the global medical simulators market will perform during the forecast period from 2021 to 2029?
- What are the latest trends in the medical simulators market and valuable opportunities for key players?
- Who are the leading players in the global medical simulators market?
- Which is the leading/and fastest region in the global medical simulators market?
- What are drivers and restrains governing the global medical simulators market?
- What are technological advancements in the global medical simulators market?
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Table of Contents
Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Assumptions
1.4. Market Segmentation
Chapter 2. Executive Summary
2.1. Global MS Market Portraiture
2.2. Global MS Market, by Product and Service Type, 2020 (US$ Mn)
2.3. Global MS Market, by End-User Type, 2020 (US$ Mn)
2.4. Global MS Market, by Geography, 2020 (US$ Mn)
Chapter 3. Medical Simulators (MS) Market Dynamics and Outlook
3.1. Market Overview
3.2. Drivers
3.3. Challenges
3.4. Opportunities
3.5. Attractive Investment Proposition, by Geography, 2020
3.6. Competitive Analysis: Global MS Market, by Key Players, 2020
Chapter 4. Global Medical Simulators (MS) Market, by Product & Service Type, 2016-2029 (US$ Mn)
4.1. Overview
4.2. Anatomical Models
4.2.1. Patient Simulators
4.2.2. Interventional Surgical Simulators
4.2.3. Endovascular Simulators
4.2.4. Ultrasound Simulators
4.2.5. Dental Simulators
4.2.6. Eye Simulators
4.3. Web-based Simulation
4.4. Medical Simulators Software
4.5. Simulation Training Services
Chapter 5. Global Medical Simulators (MS) Market, by End-User Type, 2019 - 2029 (US$ Mn)
5.1. Overview
5.2. Academic and Research Institutions
5.3. Hospitals
5.4. Military Organizations
Chapter 6. Global Medical Simulators (MS) Market, by Geography, 2019 - 2029 (US$ Mn)
6.1. North America MS Market Analysis, 2019 - 2029
6.1.1. North America MS Market, by Product & Service Type, 2016 - 2029 (US$ Mn)
6.1.2. North America MS Market, by End-User Type, 2016 - 2029 (US$ Mn)
6.1.3. North America MS Market, by Country, 2019 - 2029 (US$ Mn)
6.1.3.1. U.S.
6.1.3.2. Canada
6.2. Europe MS Market Analysis, 2019 - 2029
6.2.1. Europe MS Market, by Product & Service Type, 2016 - 2029 (US$ Mn)
6.2.2. Europe MS Market, by End-User Type, 2016 - 2029 (US$ Mn)
6.2.3. Europe MS Market, by Country/Region, 2019 - 2029 (US$ Mn)
6.2.3.1. U.K.
6.2.3.2. Germany
6.2.3.3. Rest of Europe
6.3. Asia Pacific MS Market Analysis, 2019 - 2029
6.3.1. Asia Pacific MS Market, by Product & Service Type, 2016 - 2029 (US$ Mn)
6.3.2. Asia Pacific MS Market, by End-User Type, 2016 - 2029 (US$ Mn)
6.3.3. Asia Pacific MS Market, by Country/Region, 2019 - 2029 (US$ Mn)
6.3.3.1. China
6.3.3.2. Japan
6.3.3.3. Rest of Asia Pacific
6.4. Latin America MS Market Analysis, 2019 - 2029
6.4.1. Latin America MS Market, by Product & Service Type, 2016 - 2029 (US$ Mn)
6.4.2. Latin America MS Market, by End-User Type, 2016 - 2029 (US$ Mn)
6.4.3. Latin America MS Market, by Country/Region, 2019 - 2029 (US$ Mn)
6.4.3.1. Brazil
6.4.3.2. Mexico
6.4.3.3. Rest of Latin America
6.5. Middle East & Africa MS Market, 2019 - 2029
6.5.1. Middle East & Africa MS Market, by Product & Service Type, 2016 - 2029 (US$ Mn)
6.5.2. Middle East & Africa MS Market, by End-User Type, 2016 - 2029 (US$ Mn)
6.5.3. Middle East & Africa MS Market, by Region, 2019 - 2029 (US$ Mn)
6.5.3.1. GCC
6.5.3.2. Rest of Middle East & Africa
Chapter 7. Company Profiles
7.1. Canadian Aviation Electronics, Ltd.
7.1.1. Business Description
7.1.2. Financial Information (Subject to Data Availability)
7.1.3. Product Portfolio
7.1.4. News Coverage
7.2. Laerdal Medical AS
7.3. 3D Systems, Inc.
7.4. Gaumard Scientific Company, Inc.
7.5. Limbs & Things, Ltd.
7.6. Kyoto Kagaku Co, Ltd.
7.7. Mentice AB
7.8. Simulab Corporation
7.9. Simulaids, Inc.
7.10. Surgical Science Sweden AB
7.11. MedaPhor Group PLC
Note: Modification in the list of company profiles or scope of the study can be incorporated on request.
Companies Mentioned
- Canadian Aviation Electronics Ltd.
- Kyoto Kagaku Co. Ltd.
- Laedral Medical AS
- Mentice AB
- Simulab Corporation
- Simulaids Inc.
- Gaumard Scientific Company Inc.
