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Healthcare/Medical Simulation Market by Product (Patient Simulator, Surgical Simulator, Web-based simulation, Simulation Software, Dental Simulator, Eye Simulator), End-User (Academics, Hospitals, Military) & by Services - Global Forecast to 2019

Press release   •   Jul 18, 2016 12:59 EDT

The global healthcare/medical simulation market is expected to grow at a lucrative CAGR of 19.1% during the forecast period of 2014 to 2019. Increasing focus on training of medical practitioners, rising healthcare costs, growing focus on patient safety, consolidation of the manufacturers, and rising demand for minimally invasive technologies are expected to drive the growth of the global healthcare/medical simulation market during the forecast period of 2014 to 2019. Several manufacturers in the healthcare/medical simulation industry are increasingly adopting the multidisciplinary approach in their simulation systems to ensure patient safety, effective surgery outcomes, and reduce healthcare costs. Such a trend is expected to promote greater uptake of technologically advanced healthcare/medical simulation systems in the global medical industry.

The global healthcare/medical simulation market in this report is segmented by products and services, end users, and regions. Based on products and services, the healthcare/medical simulation market is segmented into mannequin-based simulation, web-based simulation, simulation software, and simulation training services. The mannequin-based simulation market covers patient simulators, surgical simulators, endovascular simulators, ultrasound simulators, dental simulators, eye simulators, and task trainers. The surgical simulators market is further segmented as laparoscopic surgical simulators, arthroscopic surgical simulators, cardiovascular simulators, gynecology simulators, and others. Second life and serious games are the two major types of web-based simulation. The simulation software segment is further classified into performance recording software and virtual tutors. The simulation training services are classified into vendor-based training services, custom consulting services, and educational societies' services. By end users, the market is segmented into academic institutions, hospitals, and military organizations. The report provides information in geographic make-up of this market as well, splits across major regions, namely, North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa.

North America is the major market for healthcare/medical simulation, accounting for around 50% of the global market, followed by Europe and Asia-Pacific. However, Asia-Pacific and Latin America will possess lucrative growth potential for the healthcare/medical simulation market by 2019. 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 healthcare/medical simulation products and services in these regions will be driven by developing countries such as India, China, South Korea, Singapore, Brazil, and Mexico.

The global healthcare/medical simulation market is fragmented in nature with the presence of many small and big firms. The major players in the healthcare/medical simulation market include CAE, Inc.

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The major players in the healthcare/medical simulation market include CAE, Inc. (Canada), Laerdal Medical AS (Norway), 3D Systems, Inc. (U.S.), Simulab Corporation (U.S.), Simulaids, Inc. (U.S.), Limbs and Things, Ltd (U.K.), Kyoto Kagaku Co., Ltd (Japan), Mentice AB (Sweden), Surgical Science Sweden AB (Sweden), and Gaumard Scientific Company, Inc. (U.S.).
Reasons to Buy the Report
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn would help the firms to garner a greater market share. Firms purchasing this report could use any one or a combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for reaping a greater market share.

This report provides insights on the following pointers:
- Market Penetration: Comprehensive information on product portfolios offered by the top players in the healthcare/medical simulation market. The report analyzes the healthcare/medical simulation market by type and region covering North America, Europe, APAC, and RoW
- Product Development/Innovation: Detailed insights on the upcoming trends, research and development activities, and new product launches in the healthcare/medical simulation market
- Market Development: Comprehensive information on the lucrative emerging markets for healthcare/medical simulation by products and services and by end user
- Market Diversification: Exhaustive information of new products, growing regions, recent developments, and investments in the healthcare/medical simulation market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, products, manufacturing capabilities, and SWOT analyses of the leading players in the healthcare/medical simulation market

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