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 held US$ 1,348.5 Mn in 2017 and expected to grow at compound annual growth rate (CAGR) of 14.6% during the forecast period from 2018 to 2026. Medical simulation is the process of recreating real life conditions that allows the trainer to 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 body for training and education tools. Technological advancements in the medical simulators have made the usage of simulators in different levels of experiments in multidisciplinary areas. Moreover, growing inclination for minimally-invasive surgeries is further assisting the growth of medical simulators market. Performing minimally-invasive surgeries require proper training and psychomotor skills which can be attained by various training models using medical simulators. Advent of augmented reality in medical training and education have resulted in the heightened patient care and outcomes. Mannequin-based simulation have been widely used for practicing CPR and airway management, however, technological advancements has made various healthcare procedures possible. High cost of the devices and awareness regarding these products are the major restraining factors for the growth of the market, especially in the under-developed countries due to paucity of resources.  

Market Synopsis

Medical Simulators Market

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"Anatomical Models to Drive the Growth of Medical Simulators Market"

In 2017, anatomical models held the largest share in the global medical simulators market owing to its 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, hospital and other end-use areas. Manikin-based simulation is the largest sub-segment in anatomical models. Manikin-based simulation have the ability to mimic human function such as real-time vital stats, spontaneous breathing, obstruction in respiratory tracts, pupil responses and others. Moreover, availability of complex models responding to drugs, heat and environmental factors and stimulus will further drive the market during the forecast period.

Medical Simulators Market

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Historical & Forecast Period

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

Report Scope by Segments

Medical Simulators market report furnishes quantitative analysis along with its latest market trends. The market is segmented based on product & service type, end-user type, and geography.

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million
Segmentation

 By Product & Service Type (2016–2026; US$ Mn)
 • Anatomical Models
 • Patient Simulators
 • Task Trainers
 • Interventional Surgical Simulators
 • Endovascular Simulators
 • Ultrasound Simulators
 • Dental Simulators
 • Eye Simulators
 • Web-based Simulation
 • Medical Simulation Software
 • Simulation Training Services

 By End-User Type (2016 – 2026; Mn)
 • Academic and Research Institutions
 • Hospitals
 • Military Organizations

 Geography Segment (2016 – 2026; US$ Mn)
 • North America (United States and Canada)
 • Europe (U.K., Germany, Rest of Europe)
 • Asia Pacific (China, Japan, Rest of Asia Pacific)
 • Latin America (Brazil, Mexico, Rest of Latin America)
 • Middle East and Africa (GCC, Rest of MEA)

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

Medical Simulators Market

Key questions answered in this report

  • How the global medical simulators market will perform during the forecast period from 2018 to 2026?
  • What are the latest trends in the medical simulators market and valuable opportunities for key players?
  • Who are the leading players in the global medical simulators market?
  • Which is the leading/and fastest region in the global medical simulators market?
  • What are drivers and restrains governing the global medical simulators market?
  • What are technological advancements in the global medical simulators market?
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Published Date:  Dec 2018
Category:  Medical Devices
Report ID:   59500
Report Format:   PDF
Pages:   120
Rating:    4.4 (70)
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