Medical Simulators Market By Product & Service Type (Anatomical Models, Web-based Simulation, Medical Simulators Software, Simulation Training Services), By End-User Type (Academic And Research Institutions, Hospitals, Military Organizations) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Industry Outlook

The global medical simulators market was worth US$ 1,348.5 million in 2017 and is expected to expand at a compound annual growth rate (CAGR) of 14.6% from 2018 to 2026. Medical simulation is the process of recreating real-life conditions so that the trainer can control the learning environment and optimize conditions for the given experiment. There is a growing demand for the use of simulation-based medical education due to rising ethical tensions and stringent regulations associated with the use of patients and real bodies for training and education tools. Technological advancements in medical simulators have made the use of simulators in different levels of experiments in multidisciplinary areas possible.

Moreover, the growing inclination toward minimally invasive surgeries is further assisting the growth of the medical simulator market. Performing minimally invasive surgeries requires proper training and psychomotor skills, which can be attained through various training models using medical simulators. The advent of augmented reality in medical training and education has resulted in heightened patient care and outcomes. Mannequin-based simulation has been widely used for practicing CPR and airway management; however, technological advancements have made various healthcare procedures possible. The high cost of the devices and lack of awareness regarding these products are the major restraining factors for the growth of the market, especially in underdeveloped countries due to a paucity of resources.

Market Synopsis

Anatomical Models to Drive Medical Simulators Market Growth

In 2017, anatomical models held the largest share of the global medical simulator market, owing to their growing application in interdisciplinary medical areas. The segment is set to maintain its pole position throughout the forecast period owing to its growing application in academics, hospitals, and other end-use areas. Manikin-based simulation is the largest sub-segment in anatomical models. Manikin-based simulations have the ability to mimic human functions such as real-time vital statistics, spontaneous breathing, obstructions in respiratory tracts, pupil responses, and others. Moreover, the availability of complex models responding to drugs, heat, and environmental factors and stimuli will further drive the market during the forecast period.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The Medical Simulators Market Report furnishes quantitative analysis along with the latest market trends. The market is segmented based on product and service types, end-user types, and geography.

The market is studied in order to understand the current dynamics and future trends in the global medical simulator market. The study includes market size and forecasts for all considered segments presented in the report for the period from 2016 to 2026, along with respective compound annual growth rates (CAGRs) for the forecast period from 2018 to 2026, considering 2017 as the base year. The key players currently engaged in the medical simulator market include Canadian Aviation Electronics, Ltd.; Kyoto Kagaku Co., Ltd.; Laerdal Medical AS; Mentice AB; Simulab Corporation; Simulaids, Inc.; and Gaumard Scientific Company, Inc., among others.

Key questions are answered in this report.

  • What will the global market for medical simulators look like between 2018 and 2026?
  • What are the latest trends in the medical simulator market and the most valuable opportunities for key players?
  • Who are the leading players in the global market for medical simulators?
  • Which is the leading and fastest-growing region in the global medical simulator market?
  • What are the drivers and restraints governing the global market for medical simulators?
  • What are the technological advancements in the global market for medical simulators?

Frequently Asked Questions:

The market for Medical Simulators Market is expected to reach US$ 1,348.5 Mn by 2026.

The Medical Simulators Market is expected to see significant CAGR growth over the coming years, at 14.6%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Canadian Aviation Electronics, Ltd.; Kyoto Kagaku Co., Ltd.; Laerdal Medical AS; Mentice AB; Simulab Corporation; Simulaids, Inc.; and Gaumard Scientific Company, Inc are some of the major players in the global market.

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Published Date:  Dec 2018
Category:  Medical Devices
Report ID:   59500
Report Format:   PDF
Pages:   120
Rating:    4.4 (70)
Delivery Time: 24 Hours to 48 Hours   
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