Enjoy complimentary customisation on priority with our Enterprise License!
The medical simulation market size is estimated to grow by USD 1.99 billion between 2022 and 2027, accelerating at a CAGR of 15.45% between 2022 and 2027.
The healthcare sector is a very sensitive area where there is more chance for errors that can harm patients. Such errors that are related to diagnosis and treatments can lead to unsafe surgical care procedures and result in difficulties in the lives of the patients. Training through simulation can help clinicians achieve confidence, understanding, and expertise to enhance patient protection in a risk-free environment. Globally, the rising number of medical errors and the increasing concerns for ensuring patient safety have become major priorities for organizations to adopt medical simulation.
However, the growing adoption of medical simulation-based training and certification of healthcare professionals is an effective way of enhancing patient safety and outcomes in a risk-free environment. One of the leading causes of death in the US is medical errors. World health organization (WHO) Is surging for patient safety and to eradicate medical errors and ensure patient safety. With the increasing focus on patient safety, medical simulation is growing in popularity and as patient security concerns expand, physicians use medical simulation training as a critical component to improve their skills, and this improves the demand for medical simulator products and services. Thus, the increasing focus on patient safety will encourage market growth during the forecast period.
To learn more about this report, Request Free Sample
The market share growth by the academic institutes segment will be significant during the forecast period. Medical simulation is the artificial representation of a real-world process that is adapted to achieve educational goals through experimental learning.
Get a glance at the market contribution of various segments View a PDF Sample
The academic institutes segment was valued at USD 340.80 million in 2017 and continued to grow until 2021. Medical academic institutions play an important role in the overall development, adoption, and evaluation of medical technologies and the education of current and future practitioners. Moreover, the introduction of simulation in the academic curriculum and institutions dealing with medical teaching or learning is one of the significant efforts that are undertaken to provide skills to the trainee through intended practice.
However, the top medical academic institutions in the US, such as Harvard University Cambridge, Johns Hopkins University Baltimore, Stanford University Stanford, Columbia University in the city of New York, and others, use medical simulators to deliver simulator experimental education, virtual reality training, high-fidelity scenarios using patient manikins, and a range of specialized medical simulation equipment to provide a hands-on learning experience for the trainee. Therefore, the market is anticipated to grow in the academic institutions segment during the forecast period.
Healthcare anatomical models are generally 3-dimensional representations of human or animal anatomy that are used for medical and biological education. Such models explain a digital representation of all the anatomies in the human body. The healthcare anatomical anatomic models help doctors in explaining injuries and procedures to patients and are also useful for research and simulation purposes. Anatomical models can either be generic or patient-specific and are developed based on data from medical images or other sources. For instance, the cervical spinal column model, SOMSO functional Knee joint model, lumbar spinal column model and others. Anatomy is a morphological discipline that demands a large amount of human morphological material as a bridge to knowledge dissemination. Such models are frequently adapted to health education, thus facilitating an understanding of anatomical relations and functions in the human body structures. Thus, the healthcare anatomical models segment will experience growth in the market during the forecast period.
For more insights about the market share of various regions View PDF Sample now!
North America is estimated to contribute 45% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. The presence of major players in the region is expected to drive the growth of the regional healthcare market. Some of the top academic institutions in the US, such as Penn Presbyterian Medical Centre, St. Joseph's Hospital and medical centre, Pennsylvania Hospital, and others, adopted medical simulation-based training to improve the skills of the learners by teaching new skills and refreshing old skills.
However, the rising prevalence of chronic diseases increases the requirement for surgeries, and technological advancements, such as simulation-based learning and training. In addition, medical simulation programs have extended to various parts of the US healthcare system, such as hospitals, medical and nursing schools, community college programs, and clinics. To improve patient safety, the adoption of simulation-based medical training and certification of healthcare professionals is considered an efficient means to ensure patient safety which results in the popularity of medical simulation. Therefore, Such factors will result in the growth of the regional market during the forecast period.
The global healthcare simulation market is a dynamic landscape characterized by rigorous research studies, comprehensive industry trend analysis, and insightful pricing and patent evaluations. It is fueled by the constant evolution of simulation technologies and methodologies, enabling realistic replication of medical scenarios for training, education, and research purposes. From computer-based simulations to virtual reality applications, standardized patients, and medical mannequins, a wide array of tools facilitate hands-on learning for healthcare professionals and students alike. With key stakeholders driving innovation and system testing, this market serves as a cornerstone in advancing medical procedures and ensuring the proficiency of practitioners in delivering quality healthcare services. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
The integration of AI technologies into medical simulation emerges as a prominent trend in the market. AI is increasingly utilized to enhance surgical training, offering personalized experiences and improving simulation quality. From preoperative planning to intraoperative guidance, AI contributes to patient safety by providing personalized feedback and facilitating precise evaluations during surgical simulations. This advancement addresses the gap between academic achievements and commercialization, leading to the development of AI-powered medical devices for surgical simulation. The integration of AI into medical simulation enhances procedures and boosts demand in the healthcare simulation market, paving the way for innovative regulatory-approved devices and ushering in a new era of surgical training.
Operational challenges of simulators are a significant challenge hindering market growth. Interactions with other tissue types are part of the majority of medical simulation procedures. It is usually considered to be hard and soft tissue in humans. One of the most difficult problems for medical simulation is modeling soft tissue deformation in a whole body or only certain parts of an organ.
Moreover, There are limits to computation speed and system accuracy in the effective integration of tissue deformation behavior with medical simulation systems. Although the recent advanced technologies such as virtual reality and haptic technology, play a significant role in enhancing medical simulation and training of healthcare practitioners to a certain level, it is still lacking in attaining a multidisciplinary approach in certain complex areas in medical treatments, such as neurosurgeries. All such concerns related to operational challenges lower the demand for medical simulators. Thus, the operational challenges of the medical simulators negatively impact the market growth during the forecast period.
Buy Now Full Report and Discover More
The market research and growth report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market growth and forecasting report also includes key purchase criteria, and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Altay Scientific - The company offers medical simulations such as Blood Pressure Simulator.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The global healthcare simulation market is experiencing significant growth, as revealed by extensive research studies and industry trend analyses. Pricing, patent, and conference materials further underscore this growth trajectory. Key stakeholders are increasingly recognizing the value of simulation technologies in healthcare, utilizing methodologies that replicate real-world medical scenarios. Through system testing and computer-based simulations, tools like standardized patients and medical mannequins facilitate student learning and clinical decision-making. This immersive approach helps identify and rectify critical errors, aligning with the Accreditation Council for Graduate Medical Education's outcome-based assessment benchmarks. However, restraint exists in the form of inadequately designed medical simulation equipment, highlighting the importance of providing a secure learning environment for effective training and skill development.
The market growth analysis report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Medical Simulation Market Scope |
|
Market Report Coverage |
Details |
Page number |
155 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 15.45% |
Market growth 2023-2027 |
USD 1.99 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
14.48 |
Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
Performing market contribution |
North America at 45% |
Key countries |
US, Canada, UK, Germany, and China |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Altay Scientific, CAE Inc., Cardionics Inc., Gaumard Scientific Co. Inc., HAAG-STREIT DEUTSCHLAND GmbH, IngMar Medical, Inovus Ltd., Intelligent Ultrasound Group, KaVo Dental GmbH, Kyoto Kagaku Co. Ltd., Laerdal Medical AS, Limbs and Things Ltd., Medical-X, Mentice AB, Operative Experience Inc., Simendo BV, Simulab Corp., Symgery, Trucorp Ltd., and VirtaMed AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our market forecasting report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
View Sample PDF at your Fingertips
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Solution
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.