Market Research Expert

Growth of Healthcare/Medical Simulation Market Shifts to High Gear with Rising Demand for Minimally Invasive Treatments

Press Release   •   May 17, 2016 09:10 EDT

A new market research report by Transparency Market Research, titled “Healthcare/Medical Simulation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018,” presents a detailed analysis of the healthcare/medical simulation market. The information in the study is gathered by conducting both secondary as well as primary research. The data collated in this report is an amalgamation of insights from top industry leaders and historical data. The report also includes a comprehensive review of the market challenges, drivers, impeders, and opportunities. The study encapsulates the key products in the market and their scope in forthcoming years. The use of Porter’s five forces model and SWOT analysis will aid in the business development of the market. An analysis on the competition within the market has enabled calculated decision making by the emerging players looking to invest within this market.

Brochure Download:

Medical simulation is a modern-day method used for the training of healthcare professionals by the utilization of cutting-edge educational technology. It enables experiential learning that is required by every healthcare professional. Medical simulation is also known as simulation in healthcare, healthcare simulation, nursing simulation, patient simulation, clinical simulation, and surgical simulation. It also facilitates the safe training of healthcare learners by engaging in activities that may otherwise be too risky to practice.

As per the institute of medicine, approximately 44,000 to 98,000 deaths take place yearly on a global level owing to medical errors taking place during the treatment of patients. For reducing these errors and for increasing the safety of patients, medical simulation is being extensively utilized worldwide. Hence, as stated in the report, the increasing concern on patient safety coupled with the technological advancements is fuelling the market for medical simulation. In addition, the rising healthcare cost and the rising demand for minimally invasive treatments will also boost the growth of the market. However, the soaring cost of simulators and the lack of funds are the major factors impeding the growth of this market.

Browse Research Report:

According to the report, the major services and products in the simulation market are magnetic resonance imaging, computed tomography, live environments, high fidelity mannequins, simulated clinical environment, positron emission tomography, serious game, fidelity trainers, imaging simulation, performance recording, IV simulators, interventional simulators, second life, cardiovascular simulators, ultrasound imaging, mid/low simulator, healthcare/medical simulation training services, and surgical simulators.

Geographically, the report segments the market into Asia Pacific, North America, Europe, and Rest of the World (RoW). Amongst these, North America leads the market for medical simulation and is trailed by Europe and Asia. India and China are poised to emerge as the most lucrative markets in the forthcoming years.

As stated in the report, the prominent players leading the market are LLC, B-Line Medical, 3B Scientific GmbH, Anesoft Corporation, and CAE Ltd., among others.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.