Healthcare Simulation Market Size, Segment Analysis, Growth Drivers and Forecast to 2024

The global healthcare/medical simulation market is growing significantly due to technological advancements and increasing demand for minimally invasive procedures. Massive unexplored healthcare/medical simulation market in emerging economies and lack of service providers are creating ample opportunities for the global healthcare/medical simulation market to grow at a considerable rate in the coming years.

However, lack of adequate input data for medical simulation models is a major challenge in the global healthcare/medical simulation market. Medical simulation trains medical professionals to minimise errors during surgical procedures by using advanced techniques of simulation. The simulated animations help students to understand the complexity of medical procedures through computer-based virtual patients.

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The healthcare/medical simulation market can be categorized on the basis of product and services, and end-users. Based on product and services, healthcare/medical simulation market can be categorized as simulation software, simulation training services, web-based simulation, and mannequin-based simulation. Simulation software segment includes performance recording software and virtual tutors. The simulation training services segment includes custom consulting services, vendor-based training, and educational societies.

The web-based simulation is further segmented as serious games and second life; whereas, mannequin-based simulation includes endovascular simulators, eye simulators, patient simulators, ultrasound simulators, surgical simulators, dental simulators, and task trainers. Patient simulators segment leads the global mannequin-based healthcare/medical simulation market, and it is also expected to grow at the fastest rate in the coming years due to increasing adoption rate of patient simulators in hospitals and medical institutes. On the basis of end-users, the market can be categorized as hospitals, military organizations, and academic institutes and training centers.

Geographically, North America will be leading the global healthcare/medical simulation market in the coming years, due to technological advancements, high healthcare expenditure, and presence of a large number of hospitals and academic institutions. In addition, Patient Safety and Quality Improvement Act in the U.S. is also driving its market in North America region.

Some of the major players operating in the global healthcare/medical simulation market are Laerdal Medical As, 3D Systems, Inc., CAE, Inc., Kyoto Kagaku Co., Ltd., Limbs & Things, Ltd., Gaumard Scientific Company, Inc., Simulab Corporation, Surgical Science Sweden Ab, and Mentice Ab.
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