Healthcare and Medical Simulator Market Overview
The global Healthcare and Medical Simulator Market is projected to expand at a considerable rate in the forthcoming years. Major growth factors in the global market for healthcare and medical simulation are the rising healthcare costs and growing demand for minimally invasive treatments. In addition to this, increasing concern over patient safety is another crucial factor to boost the growth of the market. According to the Institute of Medicine, about 44,000 to 98,000 deaths are caused every year worldwide because of medical errors during treatment. This major fact pointedly upped the demand for healthcare and medical simulation as it helps doctors and surgeons to understand better the procedures and avoid fatal mistakes while treatment or surgery.
On the other hand, budgetary constraints, the high cost of simulators, and operational challenges are all major factors that are anticipated to hamper the market’s growth to a certain extent during the forecast period. Besides this, the shortage of healthcare personnel, growing awareness about simulation education in developing countries, and technological advancements are expected to create lucrative opportunities for players in the market.
Covid-19 Impact on Healthcare and Medical Simulator Market:
In addition, the current Healthcare and Medical Simulator Market study offer a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Healthcare and Medical Simulator Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Healthcare and Medical Simulator Market Segment Overview
Based on the products and services, the web-based simulation segment is estimated to grow at the highest rate over the forecast period. The high growth in this segment can be attributed to the wide availability of Internet services, controlled and predictable environment for learning, and controlled access to simulation procedures. Based on the interventional/surgical simulators, the Laparoscopic Surgical Simulators is the largest segment in this market. This is primarily due to the increasing number of clinical trials conducted for oncology and the rising prevalence of cancer worldwide. Additionally, the high adoption of simulation techniques in laparoscopy and technological innovations are the main factors responsible for the large share of this segment during the forecast period.
Healthcare and Medical Simulator Market, By Products and Services
· Academic Institutes
· Hospitals
· Military Organizations
· Others
Healthcare and Medical Simulator Market Regional Overview
In terms of region, North America dominates the market followed by Europe. Important factors such as the presence of prominent players and their continuous expansion through acquisition have led to the easy availability of medical simulation products and services are remarkably boost the growth of the market in these regions. Similarly, Asia Pacific is expected to be the most attractive market during the forecast period. This is due to the development of the healthcare industry in the region. In addition to this, developing countries such as India and China will majorly boost the market in the region due to the growing push on medical studies and research. As well, the increasing number of hospitals, academic institutions, and medical devices will also rise the growth of the market in this region.
Healthcare and Medical Simulator Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Healthcare and Medical Simulator Market Competitor overview
Some key developments and strategies adopted by manufacturers in Healthcare and Medical Simulator are highlighted below.
· In April 2020, CAE Healthcare collaborated with Area9 Lyceum, a global leader in adaptive learning, to provide an online Ventilator Reskilling Course to the clinician's midst of the Covid-19 pandemic.
· In March 2020, CAE launched the Vimedix 3.0, a high-fidelity simulator that facilitates the learning process for cardiac, lung, Obs/Gyn, and stomach all in one through a common platform.
Healthcare and Medical Simulator Market, Key Players
· LLC
· CAE Ltd.
· B-Line Medical
· 3B Scientific GmbH
· Anesoft Corporation
· Laerdal Medical
· 3D Systems
· Simulab Corporation
· Limbs & Things
· Kyoto Kagaku
· Mentice AB
· Medaphor
· Gaumard Scientific Company
· Operative Experience, Inc.
· Cardionics Inc.
The global Healthcare and Medical Simulator Market is projected to expand at a considerable rate in the forthcoming years. Major growth factors in the global market for healthcare and medical simulation are the rising healthcare costs and growing demand for minimally invasive treatments. In addition to this, increasing concern over patient safety is another crucial factor to boost the growth of the market. According to the Institute of Medicine, about 44,000 to 98,000 deaths are caused every year worldwide because of medical errors during treatment. This major fact pointedly upped the demand for healthcare and medical simulation as it helps doctors and surgeons to understand better the procedures and avoid fatal mistakes while treatment or surgery.
On the other hand, budgetary constraints, the high cost of simulators, and operational challenges are all major factors that are anticipated to hamper the market’s growth to a certain extent during the forecast period. Besides this, the shortage of healthcare personnel, growing awareness about simulation education in developing countries, and technological advancements are expected to create lucrative opportunities for players in the market.
Covid-19 Impact on Healthcare and Medical Simulator Market:
In addition, the current Healthcare and Medical Simulator Market study offer a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Healthcare and Medical Simulator Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Healthcare and Medical Simulator Market Segment Overview
Based on the products and services, the web-based simulation segment is estimated to grow at the highest rate over the forecast period. The high growth in this segment can be attributed to the wide availability of Internet services, controlled and predictable environment for learning, and controlled access to simulation procedures. Based on the interventional/surgical simulators, the Laparoscopic Surgical Simulators is the largest segment in this market. This is primarily due to the increasing number of clinical trials conducted for oncology and the rising prevalence of cancer worldwide. Additionally, the high adoption of simulation techniques in laparoscopy and technological innovations are the main factors responsible for the large share of this segment during the forecast period.
Healthcare and Medical Simulator Market, By Products and Services
- Healthcare Simulation Anatomical Models
- Patient Simulators
- High Fidelity
- Medium Fidelity
- Low Fidelity
- Task Trainers
- Interventional/Surgical Simulators
- Laparoscopic Surgical Simulators
- Gynecology Simulators
- Cardiovascular Simulators
- Arthroscopic Surgical Simulators
- Spine Surgical Simulator
- Other Interventional/Surgical Simulators
- Endovascular Simulators
- Ultrasound Simulators
- Dental Simulators
- Eye Simulators
- Web-Based Simulation
- Healthcare Simulation Software
- Performance Recording Software
- Virtual Tutors
- Simulation Training Services
- Vendor-Based Training
- Diagnosis-based training
- Surgical based training
- Educational Societies
- Custom Consulting Services
· Academic Institutes
· Hospitals
· Military Organizations
· Others
Healthcare and Medical Simulator Market Regional Overview
In terms of region, North America dominates the market followed by Europe. Important factors such as the presence of prominent players and their continuous expansion through acquisition have led to the easy availability of medical simulation products and services are remarkably boost the growth of the market in these regions. Similarly, Asia Pacific is expected to be the most attractive market during the forecast period. This is due to the development of the healthcare industry in the region. In addition to this, developing countries such as India and China will majorly boost the market in the region due to the growing push on medical studies and research. As well, the increasing number of hospitals, academic institutions, and medical devices will also rise the growth of the market in this region.
Healthcare and Medical Simulator Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Healthcare and Medical Simulator Market Competitor overview
Some key developments and strategies adopted by manufacturers in Healthcare and Medical Simulator are highlighted below.
· In April 2020, CAE Healthcare collaborated with Area9 Lyceum, a global leader in adaptive learning, to provide an online Ventilator Reskilling Course to the clinician's midst of the Covid-19 pandemic.
· In March 2020, CAE launched the Vimedix 3.0, a high-fidelity simulator that facilitates the learning process for cardiac, lung, Obs/Gyn, and stomach all in one through a common platform.
Healthcare and Medical Simulator Market, Key Players
· LLC
· CAE Ltd.
· B-Line Medical
· 3B Scientific GmbH
· Anesoft Corporation
· Laerdal Medical
· 3D Systems
· Simulab Corporation
· Limbs & Things
· Kyoto Kagaku
· Mentice AB
· Medaphor
· Gaumard Scientific Company
· Operative Experience, Inc.
· Cardionics Inc.
Healthcare and Medical Simulator Market Study Global Market Analysis, Insights and Forecast, 2020-2027
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Healthcare and Medical Simulator Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Products and Services
- 5.2.1. Healthcare Simulation Anatomical Models
- 5.2.2. Patient Simulators
- 5.2.3. High Fidelity
- 5.2.4. Medium Fidelity
- 5.2.5. Low Fidelity
- 5.2.6. Task Trainers
- 5.2.7. Interventional/Surgical Simulators
- 5.2.7.1. Laparoscopic Surgical Simulators
- 5.2.7.2. Gynecology Simulators
- 5.2.7.3. Cardiovascular Simulators
- 5.2.7.4. Arthroscopic Surgical Simulators
- 5.2.7.5. Spine Surgical Simulator
- 5.2.7.6. Other Interventional/Surgical Simulators
- 5.2.7.7. Endovascular Simulators
- 5.2.7.8. Ultrasound Simulators
- 5.2.7.9. Dental Simulators
- 5.2.7.10. Eye Simulators
- 5.2.8. Web-Based Simulation
- 5.2.9. Healthcare Simulation Software
- 5.2.9.1. Performance Recording Software
- 5.2.9.2. Virtual Tutors
- 5.2.10. Simulation Training Services
- 5.2.11. Vendor-Based Training
- 5.2.12. Diagnosis-based training
- 5.2.13. Surgical based training
- 5.2.14. Educational Societies
- 5.2.15. Custom Consulting Services
- 5.3. Market Analysis, Insights and Forecast – By End-User
- 5.3.1. Academic Institutes
- 5.3.2. Hospitals
- 5.3.3. Military Organizations
- 5.3.4. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Healthcare and Medical Simulator Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Products and Services
- 6.2.1. Healthcare Simulation Anatomical Models
- 6.2.2. Patient Simulators
- 6.2.3. High Fidelity
- 6.2.4. Medium Fidelity
- 6.2.5. Low Fidelity
- 6.2.6. Task Trainers
- 6.2.7. Interventional/Surgical Simulators
- 6.2.7.1. Laparoscopic Surgical Simulators
- 6.2.7.2. Gynecology Simulators
- 6.2.7.3. Cardiovascular Simulators
- 6.2.7.4. Arthroscopic Surgical Simulators
- 6.2.7.5. Spine Surgical Simulator
- 6.2.7.6. Other Interventional/Surgical Simulators
- 6.2.7.7. Endovascular Simulators
- 6.2.7.8. Ultrasound Simulators
- 6.2.7.9. Dental Simulators
- 6.2.7.10. Eye Simulators
- 6.2.8. Web-Based Simulation
- 6.2.9. Healthcare Simulation Software
- 6.2.9.1. Performance Recording Software
- 6.2.9.2. Virtual Tutors
- 6.2.10. Simulation Training Services
- 6.2.11. Vendor-Based Training
- 6.2.12. Diagnosis-based training
- 6.2.13. Surgical based training
- 6.2.14. Educational Societies
- 6.2.15. Custom Consulting Services
- 6.3. Market Analysis, Insights and Forecast – By End-User
- 6.3.1. Academic Institutes
- 6.3.2. Hospitals
- 6.3.3. Military Organizations
- 6.3.4. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Healthcare and Medical Simulator Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Products and Services
- 7.2.1. Healthcare Simulation Anatomical Models
- 7.2.2. Patient Simulators
- 7.2.3. High Fidelity
- 7.2.4. Medium Fidelity
- 7.2.5. Low Fidelity
- 7.2.6. Task Trainers
- 7.2.7. Interventional/Surgical Simulators
- 7.2.7.1. Laparoscopic Surgical Simulators
- 7.2.7.2. Gynecology Simulators
- 7.2.7.3. Cardiovascular Simulators
- 7.2.7.4. Arthroscopic Surgical Simulators
- 7.2.7.5. Spine Surgical Simulator
- 7.2.7.6. Other Interventional/Surgical Simulators
- 7.2.7.7. Endovascular Simulators
- 7.2.7.8. Ultrasound Simulators
- 7.2.7.9. Dental Simulators
- 7.2.7.10. Eye Simulators
- 7.2.8. Web-Based Simulation
- 7.2.9. Healthcare Simulation Software
- 7.2.9.1. Performance Recording Software
- 7.2.9.2. Virtual Tutors
- 7.2.10. Simulation Training Services
- 7.2.11. Vendor-Based Training
- 7.2.12. Diagnosis-based training
- 7.2.13. Surgical based training
- 7.2.14. Educational Societies
- 7.2.15. Custom Consulting Services
- 7.3. Market Analysis, Insights and Forecast – By End-User
- 7.3.1. Academic Institutes
- 7.3.2. Hospitals
- 7.3.3. Military Organizations
- 7.3.4. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Healthcare and Medical Simulator Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Products and Services
- 8.2.1. Healthcare Simulation Anatomical Models
- 8.2.2. Patient Simulators
- 8.2.3. High Fidelity
- 8.2.4. Medium Fidelity
- 8.2.5. Low Fidelity
- 8.2.6. Task Trainers
- 8.2.7. Interventional/Surgical Simulators
- 8.2.7.1. Laparoscopic Surgical Simulators
- 8.2.7.2. Gynecology Simulators
- 8.2.7.3. Cardiovascular Simulators
- 8.2.7.4. Arthroscopic Surgical Simulators
- 8.2.7.5. Spine Surgical Simulator
- 8.2.7.6. Other Interventional/Surgical Simulators
- 8.2.7.7. Endovascular Simulators
- 8.2.7.8. Ultrasound Simulators
- 8.2.7.9. Dental Simulators
- 8.2.7.10. Eye Simulators
- 8.2.8. Web-Based Simulation
- 8.2.9. Healthcare Simulation Software
- 8.2.9.1. Performance Recording Software
- 8.2.9.2. Virtual Tutors
- 8.2.10. Simulation Training Services
- 8.2.11. Vendor-Based Training
- 8.2.12. Diagnosis-based training
- 8.2.13. Surgical based training
- 8.2.14. Educational Societies
- 8.2.15. Custom Consulting Services
- 8.3. Market Analysis, Insights and Forecast – By End-User
- 8.3.1. Academic Institutes
- 8.3.2. Hospitals
- 8.3.3. Military Organizations
- 8.3.4. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Healthcare and Medical Simulator Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Products and Services
- 9.2.1. Healthcare Simulation Anatomical Models
- 9.2.2. Patient Simulators
- 9.2.3. High Fidelity
- 9.2.4. Medium Fidelity
- 9.2.5. Low Fidelity
- 9.2.6. Task Trainers
- 9.2.7. Interventional/Surgical Simulators
- 9.2.7.1. Laparoscopic Surgical Simulators
- 9.2.7.2. Gynecology Simulators
- 9.2.7.3. Cardiovascular Simulators
- 9.2.7.4. Arthroscopic Surgical Simulators
- 9.2.7.5. Spine Surgical Simulator
- 9.2.7.6. Other Interventional/Surgical Simulators
- 9.2.7.7. Endovascular Simulators
- 9.2.7.8. Ultrasound Simulators
- 9.2.7.9. Dental Simulators
- 9.2.7.10. Eye Simulators
- 9.2.8. Web-Based Simulation
- 9.2.9. Healthcare Simulation Software
- 9.2.9.1. Performance Recording Software
- 9.2.9.2. Virtual Tutors
- 9.2.10. Simulation Training Services
- 9.2.11. Vendor-Based Training
- 9.2.12. Diagnosis-based training
- 9.2.13. Surgical based training
- 9.2.14. Educational Societies
- 9.2.15. Custom Consulting Services
- 9.3. Market Analysis, Insights and Forecast – By End-User
- 9.3.1. Academic Institutes
- 9.3.2. Hospitals
- 9.3.3. Military Organizations
- 9.3.4. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. LLC
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. CAE Ltd.
- 10.6. B-Line Medical
- 10.7. 3B Scientific GmbH
- 10.8. Anesoft Corporation
- 10.9. Laerdal Medical
- 10.10. 3D Systems
- 10.11. Simulab Corporation
- 10.12. Limbs & Things
- 10.13. Kyoto Kagaku
- 10.14. Mentice AB
- 10.15. Medaphor
- 10.16. Gaumard Scientific Company
- 10.17. Operative Experience, Inc.
Research Process
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
