03292017Headline:

Healthcare/Medical Simulation Market Slated to Grow at a Significant Rate in the Coming Years

The global healthcare/medical simulation market is projected to reach USD 2.27 billion by 2021 from an estimated USD 1.12 billion in 2016, at a CAGR of 15.2%. Rising healthcare costs, increasing demand for minimally invasive technologies, growing focus on patient safety, increasing focus on training medical practitioners, and rising adoption of patient simulators to train healthcare professionals are the major factors driving the growth of the healthcare/medical simulation market.

In 2015, medical simulation anatomical modals accounted for the largest share in healthcare/medical simulation market. Patient simulators is fastest growing product segment in the medical simulation anatomical modal market during the forecast period. Patient simulators are programmed to model a wide range of physiological, pharmacological, and pathological conditions. They are full-scale, completely interactive simulators integrated with software designed to train healthcare practitioners. Patient simulators can be programmed to replicate normal and abnormal bodily responses to asthma attacks or any other major trauma.  The high growth of this market is mainly attributed to the rising demand for primary care services from normal physical examination to complex trauma cases.

The web-based simulation product segment is expected to grow at the highest CAGR during the forecast period. The wide availability of Internet services, controlled and predictable learning environment and controlled access to simulation procedures are some of the major drivers for this market. In global interventional/surgical simulators market segment the laparoscopic surgical simulators is expected to grow at the highest CAGR during the forecast period. Technological innovations, increasing adoption of simulation techniques in laparoscopy, and rising number of minimally invasive surgeries across globe are the major factors driving the growth of this market.

Hospitals is the fastest growing end user segment in the healthcare/medical simulation market during the forecast period. The advent of advanced simulation-based technologies, wide utilization of simulation models in medical surgeries, increasing focus on minimizing errors, and cost-effectiveness of procedural training for medical physicians are the major factors driving the growth of the healthcare/medical simulation market for hospitals.

Asia-Pacific and Latin America possess lucrative growth potential for the healthcare/medical simulation market during the forecast period. This is mainly attributed to the extensive customer base in these regions due to large base of aging population and rising prevalence of various disorders. Most of the medical simulation products and services in these regions will be driven by developing countries such as India, China, South Korea, Singapore, Brazil, and Mexico.

 

What Next?

Recent Articles