According to IMARC Group’s latest report, titled “Medical Simulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global medical simulation market size reached US$ 1.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2027, exhibiting a growth rate (CAGR) of 13.62% during 2022-2027.

Medical Simulation Market Overview:

Medical simulation is a type of training strategy where healthcare workers use a simulation or virtual reality to practice activities and procedures in real-life scenarios. The simulation provides feedback and is used largely by physicians, nurses, surgeons, and other practitioners. It is used for learning, practicing, and assessing skills in a safe environment. The simulation uses task trainers and virtual reality (VR)-based systems for gynecology, laparoscopic, spinal, arthroscopic, and dental and eye simulations. It consists of artificial human patients, instructional materials with detailed simulated animations, emergency response, casualty assessment in national security and war scenarios, and holographic simulation to assist virtual health operations.

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Medical Simulation Market Trends:

The rising casualties due to medical errors have surged the need for medical simulation, which is one of the primary factors driving the market growth. The increasing investments by the government of various nations in the healthcare sector and surging consumer awareness regarding simulation-based learning are providing an impetus to the market growth. The integration of augmented reality (AR), artificial intelligence (AI), and robotics with medical simulations is boosting the market growth. The shifting preference towards minimally invasive procedures and extensive application of simulation solutions across hospitals, research facilities, academic institutes, and ambulatory care centers are bolstering the market growth. Apart from this, the rapid digitization across the healthcare industry and growing concerns regarding patient safety are creating a positive outlook for the market.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Report Scope of Medical Simulation Market:

Competitive Landscape:

• Cardionics Inc.
• 3B Scientific GmbH
• Gaumard Scientific Company Inc.
• Kyoto Kagaku Co. Ltd
• Laerdal Medical
• Mentice
• Operative Experience Inc.
• Simbionix USA Corporation
• 3D Systems
• Simulab Corporation
• Surgical Science Sweden AB
• Synaptive Medical Inc.
• SynBone AG
• VirtaMed AG.

Key Market Segmentation:

Breakup by Product and Services:

• Model-based Simulation
• Surgical Simulation
• Ultrasound Simulation
• Web-based Simulation
• Simulation Training Services

Breakup by Fidelity:

• Low Fidelity
• Medium Fidelity
• High Fidelity

Breakup by End User:

• Hospitals and Clinics
• Academic Institutions and Research Centers
• Military Organizations
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:          

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

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