Title:
Medical Simulation Market, By Product & Services (Surgical Simulation, Model-based Simulation, Ultrasound Simulation, Simulation Training Services, and Web-based Simulation), By Fidelity, By End-User, and By Region - COVID-19 Impact Analysis, Size, Share, and Forecast from 2021-2027.
REPORT HIGHLIGHT
The global medical simulation market valued for USD 1.82 million in 2019 and is expected to surpass USD 4.23 million by 2027, growing with 15.6% CAGR during the forecast period, 2021-2027.
Medical simulation is defined as the virtual duplication of in situ phenomenon or activities, representing properties and functions of a selective process or real abstract. It is the modern-day methodology used to train healthcare professionals with advanced healthcare technologies.
MARKET DYNAMICS
The increasing use of simulation in healthcare and the growing focus on patient safety are the significant factors expected to boost the growth of the global medical simulation market over the forecast period. In addition, the technological advancements in medical simulation is another factor to propel the market growth. For instance, in May 2018, Laerdal Medical launched 'SimMan Vascular,' a new simulation training technology. For creating the SimMan Vascular system, the company has partnered with Mentice, an endovascular simulator developer. The new technology offers immersive training to all the members of the acute care team and supports the multidisciplinary team training.
Moreover, the COVID-19 outbreak has hugely impacted the medical simulation market majorly due to the temporary of medical schools and the cancellation of lectures & exams. For instance, in March 2020, the Society for Simulation in Healthcare (SSH) and the International Nursing Association of Clinical Simulation and Learning (INACSL) issued a statement regarding the 'use of virtual simulation as an alternative for clinical hours' during the COVID-19 pandemic. On the other hand, many leading companies who had already introduced virtual medical simulation platform have been benefitted with the pandemic crisis. For instance, in January 2019, a leading innovator of simulation management technologies, Education Medical Solution (EMS) had introduced a telemedicine simulation platform, 'SIMULATIONiQ' for online, virtual, live, and mobile medical training.
Furthermore, the North America region is predicted to hold a dominant position in the global medical simulation market owing to rising number of medical institutes and product launches in the region. For instance, in March 2020, a Canadian manufacturer of simulation technologies, CAE launched 'Vimedix 3.0,' which is a high fidelity simulator facilitating the learning process for lung, cardiac, stomach, and Obs/Gyn all in one through a common platform.
Key Features of the Study:
This proposed research study on Medical Simulation market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2020-2027), considering 2019 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Medical Simulation market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Medical Simulation market
Impact of COVID-19 on Medical Simulation market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Medical Simulation market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the medical simulation market, we have also included competitive landscape and key innovator analysis for the Medical Simulation market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and end-user's attractiveness.
The report offers detailed company profiling featuring major market participants, which will help users to understand their financial information and strategic initiatives of players operating in the medical simulation market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new product launch, research & development, regional expansion of major participants involved in the medical simulation market on global as well as regional level.
The global medical simulation market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL MEDICAL SIMULATION MARKET KEY PLAYERS
Laerdal Medical AS
Canadian Aviation Electronics, Ltd.
Kyoto Kagaku Co, Ltd.
Mentice AB
Limbs & Things, Ltd.
Simulaids, Inc
Simulab Corporation
Gaumard Scientific Company, Inc.
Surgical Science Sweden AB
3D Systems, Inc.
Medaphor
Cardionics Inc.
Operative Experience, Inc.
VirtaMed AG
VRMagic Holding AG
SynBone AG
OssimTech
Synaptive Medical
HRV Simulation
Inovus Medical
GLOBAL MEDICAL SIMULATION MARKET, BY PRODUCT & SERVICES
Surgical Simulation
Arthroscopic Surgical Simulators
Laparoscopic Surgical Simulators
Cardiovascular Simulators
Endovascular Simulators
Orthopedic Simulators
Gynecology Simulators
Spine Simulators
Others
Model-based Simulation
Manikin-based Simulation
Task Trainer Simulation
Patient Simulation
Standardized Patient Simulation
Hybrid Manikin-based simulation (with AR)
Ultrasound Simulation
Cardiology
Anesthesia
Emergency Medicine
OB/GYN
Intensive Care Unit
Radiology
Others
Simulation Training Services
Educational Societies
Custom Consulting Services
Vendor-based Training
Web-based Simulation
Performance Recording Software
Simulation Software
Learning Management Software
Virtual Tutors
GLOBAL MEDICAL SIMULATION MARKET, BY FIDELITY
High-fidelity
Medium-fidelity
Low-fidelity
GLOBAL MEDICAL SIMULATION MARKET, BY END-USER
Academic Institutions & Research Centers
Hospitals & Clinics
Military Organizations
GLOBAL MEDICAL SIMULATION MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Singapore
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of MEA
TABLE OF CONTENT
1. Medical Simulation Market Overview
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Market Snippet by Product & Services
- 2.1.2. Market Snippet by Fidelity
- 2.1.3. Market Snippet by End-User
- 2.1.4. Market Snippet by Region
- 2.2. Competitive Insights
3. Medical Simulation Key Market Trends
- 3.1. Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
- 3.2. Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Future Trends
4. Medical Simulation Industry Study
- 4.1. Porter's Five Forces Analysis
- 4.2. Marketing Strategy Analysis
- 4.3. Growth Prospect Mapping
- 4.4. Regulatory Framework Analysis
5. Medical Simulation Market: COVID-19 Impact Analysis
- 5.1. Pre-COVID-19 Impact Analysis
- 5.2. Post-COVID-19 Impact Analysis
- 5.2.1. Top Performing Segments
- 5.2.2. Marginal Growth Segments
- 5.2.3. Top Looser Segments
- 5.2.4. Marginal Loss Segments
6. Medical Simulation Market Landscape
- 6.1. Market Share Analysis, 2019
- 6.2. Key Innovators Analysis
- 6.3. Breakdown Data, by Key Manufacturer
- 6.3.1. Established Players' Analysis
- 6.3.2. Emerging Players' Analysis
7. Medical Simulation Market - By Product & Services
- 7.1. Overview
- 7.1.1. Segment Share Analysis, By Product & Services, 2020 & 2027 (%)
- 7.2. Surgical Simulation
- 7.2.1. Arthroscopic Surgical Simulators
- 7.2.2. Laparoscopic Surgical Simulators
- 7.2.3. Cardiovascular Simulators
- 7.2.4. Endovascular Simulators
- 7.2.5. Orthopedic Simulators
- 7.2.6. Gynecology Simulators
- 7.2.7. Spine Simulators
- 7.2.8. Others
- 7.3. Model-based Simulation
- 7.3.1. Manikin-based Simulation
- 7.3.2. Task Trainer Simulation
- 7.3.3. Patient Simulation
- 7.3.4. Standardized Patient Simulation
- 7.3.5. Hybrid Manikin-based simulation (with AR)
- 7.4. Ultrasound Simulation
- 7.4.1. Cardiology
- 7.4.2. Anesthesia
- 7.4.3. Emergency Medicine
- 7.4.4. OB/GYN
- 7.4.5. Intensive Care Unit
- 7.4.6. Radiology
- 7.4.7. Others
- 7.5. Simulation Training Services
- 7.5.1. Educational Societies
- 7.5.2. Custom Consulting Services
- 7.5.3. Vendor-based Training
- 7.6. Web-based Simulation
- 7.6.1. Performance Recording Software
- 7.6.2. Simulation Software
- 7.6.3. Learning Management Software
- 7.6.4. Virtual Tutors
8. Medical Simulation Market - By Fidelity
- 8.1. Overview
- 8.1.1. Segment Share Analysis, By Fidelity, 2020 & 2027 (%)
- 8.2. High-fidelity
- 8.3. Medium-fidelity
- 8.4. Low-fidelity
9. Medical Simulation Market - By End-User
- 9.1. Overview
- 9.1.1. Segment Share Analysis, By End-User, 2020 & 2027 (%)
- 9.2. Academic Institutions & Research Centers
- 9.3. Hospitals & Clinics
- 9.4. Military Organizations
10. Medical Simulation Market- By Geography
- 10.1. Introduction
- 10.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
- 10.2. North America
- 10.2.1. Overview
- 10.2.2. Key Manufacturers in North America
- 10.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 10.2.4. North America Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.2.5. North America Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.2.6. U.S.
- 10.2.6.1. Overview
- 10.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.2.6.3. U.S. Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.2.6.4. U.S. Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.2.7. Canada
- 10.2.7.1. Overview
- 10.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 1.1.1.1. Canada Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 1.1.1.2. Canada Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.3. Europe
- 10.3.1. Overview
- 10.3.2. Key Manufacturers in Europe
- 10.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 10.3.4. Europe Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.3.5. Europe Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.3.6. Germany
- 10.3.6.1. Overview
- 10.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.3.6.3. Germany Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.3.6.4. Germany Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.3.7. Italy
- 10.3.7.1. Overview
- 10.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.3.7.3. Italy Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.3.7.4. Italy Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.3.8. United Kingdom
- 10.3.8.1. Overview
- 10.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.3.8.3. United Kingdom Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.3.8.4. United Kingdom Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.3.9. France
- 10.3.9.1. Overview
- 10.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.3.9.3. France Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.3.9.4. France Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.3.10. Rest of Europe
- 10.3.10.1. Overview
- 10.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.3.10.3. Rest of the Europe Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.3.10.4. Rest of the Europe Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.4. Asia Pacific (APAC)
- 10.4.1. Overview
- 10.4.2. Key Manufacturers in Asia Pacific
- 10.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 10.4.4. Asia Pacific Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.4.5. Asia Pacific Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.4.6. India
- 10.4.6.1. Overview
- 10.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.4.6.3. India Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.4.6.4. India Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.4.7. China
- 10.4.7.1. Overview
- 10.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.4.7.3. China Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.4.7.4. China Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.4.8. Japan
- 10.4.8.1. Overview
- 10.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.4.8.3. Japan Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.4.8.4. Japan Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.4.9. South Korea
- 10.4.9.1. Overview
- 10.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.4.9.3. South Korea Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.4.9.4. South Korea Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.4.10. Rest of APAC
- 10.4.10.1. Overview
- 10.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.4.10.3. Rest of APAC Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.4.10.4. Rest of APAC Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.5. Latin America
- 10.5.1. Overview
- 10.5.2. Key Manufacturers in Latin America
- 10.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 10.5.4. Latin America Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.5.5. Latin America Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.5.6. Brazil
- 10.5.6.1. Overview
- 10.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.5.6.3. Brazil Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.5.6.4. Brazil Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.5.7. Mexico
- 10.5.7.1. Overview
- 10.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.5.7.3. Mexico Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.5.7.4. Mexico Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.5.8. Argentina
- 10.5.8.1. Overview
- 10.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.5.8.3. Argentina Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.5.8.4. Argentina Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.5.9. Rest of LATAM
- 10.5.9.1. Overview
- 10.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.5.9.3. Rest of LATAM Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.5.9.4. Rest of LATAM Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.6. Middle East and Africa
- 10.6.1. Overview
- 10.6.2. Key Manufacturers in Middle East and Africa
- 10.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Million)
- 10.6.4. Middle East and Africa Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.6.5. Middle East and Africa Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.6.6. Saudi Arabia
- 10.6.6.1. Overview
- 10.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.6.6.3. Saudi Arabia Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.6.6.4. Saudi Arabia Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
- 10.6.7. United Arab Emirates
- 10.6.7.1. Overview
- 10.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Million)
- 10.6.7.3. United Arab Emirates Market Size and Forecast, By Product & Services, 2016 - 2027 (US$ Million)
- 10.6.7.4. United Arab Emirates Market Size and Forecast, By Fidelity, 2016 - 2027 (US$ Million)
11. Key Vendor Analysis
- 11.1. Competitive Dashboard
- 11.2. Company Profiles
- 11.2.1. Laerdal Medical AS
- 11.2.2. Canadian Aviation Electronics, Ltd.
- 11.2.3. Kyoto Kagaku Co, Ltd.
- 11.2.4. Mentice AB
- 11.2.5. Limbs & Things, Ltd.
- 11.2.6. Simulaids, Inc
- 11.2.7. Simulab Corporation
- 11.2.8. Gaumard Scientific Company, Inc.
- 11.2.9. Surgical Science Sweden AB
- 11.2.10. 3D Systems, Inc.
- 11.2.11. Medaphor
- 11.2.12. Cardionics Inc.
- 11.2.13. Operative Experience, Inc.
- 11.2.14. VirtaMed AG
- 11.2.15. VRMagic Holding AG
- 11.2.16. SynBone AG
- 11.2.17. OssimTech
- 11.2.18. Synaptive Medical
- 11.2.19. HRV Simulation
- 11.2.20. Inovus Medical
12. 360 Degree AnalystView
13. Appendix
- 13.1. Research Methodology
- 13.2. References
- 13.3. Abbreviations
- 13.4. Disclaimer
- 13.5. Contact Us