Healthcare Simulators Market
Simulation-based medical education is used to aid students in developing correct attitude and skills which helps to cope with critical situations in a well-planned manner and avoid harm to the patient caused due to practices conducted by inexperienced trainees. Countries such as China and India are the targeted regions for market players to enhance their market shares in the blooming healthcare industry in these countries. Governments in emerging economies are increasingly investing in healthcare facilities and focusing on creating awareness towards the benefits of medical simulators. This is expected to increase its adoption, thus aiding in growth of the market.
Market Dynamics
The rising launch of high-fidelity simulators which provide the most realistic experience by the developers is a major factor propelling market growth. For instance, in February 2018, MedaPhor launched BodyWorks Eve, a high-fidelity female manikin-based simulator that can be used by medical professionals to meet educational requirements. The Point of Care Ultrasound (PoCUS) simulator can be used across emergency medicine and critical care.
Moreover, increasing healthcare expenditure is also expected to boost adoption of medical simulators. The healthcare spending will improve quality of the healthcare services, aid in employing more practitioners, and better medical training and developed infrastructure with advanced software. For instance, according to World Health Organization, China’s healthcare market reached US$ 853.7 billion in 2016, an increase of 12% in local currency, the number projected to reach $1.1 trillion by 2020.
However, simulators cannot mimic human systems completely. The complexity and diversity of human systems is very high and difficult to be mimicked by instruments or software, providing the inadequate information as compared to human response. Moreover, medical stimulators require technically trained professionals to guide through the learning process involved in simulation-based medical education. All such factors are expected to negatively impact the market growth over the forecast period.
Key features of the study
Market Segmentation
Table of Contents
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