Healthcare Simulators Market to Surpass US$ 4,596.8 Million by 2026 - Coherent Market Insights

Published On : Jul 04, 2019

Global Healthcare Simulators Market, by Product and Services Type [Interventional/ Surgical Simulators (Laparoscopic Surgical Simulators, Gynecology Simulators, Cardiovascular Simulators, Arthroscopic Surgical Simulators, and Other Interventional/Surgical Simulators), Endovascular Simulators, Ultrasound Simulators, Dental Simulators, Eye Simulators, Patient Simulation (Task Trainer Simulation and Manikin-based Simulation, and Standardized Patient Simulation), Web-based Simulation, and Simulation Training Services], by Fidelity (Anatomical Models)  (Low-fidelity, Medium- fidelity, and High-fidelity), by End User (Academic Institutions & Research Centers, Hospitals, and Military Organizations), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 1,347.9 million in 2017, and is projected to exhibit a CAGR of 14.7% over the forecast period (2018 - 2026), as highlighted in a new report published by Coherent Market Insights.

Healthcare simulators are also used in military administrations, as the solutions make flying safer, maintain defense force readiness, and enhance patient safety. Also, advancements in medical simulation to improve the ability for training military medical professionals is expected to bolster market growth. In 2016, Advanced Modular Manikin project was established by the Department of Defense, UW CREST and industry producers to create a highly modifiable simulator for a wide variety of medical challenges.

Moreover, various organizations are focusing on developing smart manikins simulators that could create scenario most closely to real life situation and which could provide training for multiple objectives in single system. For instance, in January 2018, Simulaids launched ALEX, which has speech recognition ability and HD camera. This simulator verbally responds to clinical interview questions. It could be operated from remote location. Multiple procedure that can be performed with this simulators include airway, circulation, CPR, blood pressure, breathing, IV access, patient monitor, and BVM ventilation.

Manufacturers in the Global Healthcare Simulators market are focusing on strategic mergers and acquisitions in order to gain significant market share. For instance, in August 2014, 3D Systems acquired Simbionix which was the global leader in 3D virtual reality surgical simulation and training. This technology by Simbionix was complementary with 3D System’s product offering.

Furthermore, the web-based simulation programs provide a valuable resource as they can be combined with classroom teaching, thereby facilitating the development of students’ clinical competence. Thus, increasing demand for web-based simulation is directly associated with the increasing number of medical institutes for providing students with clinical placement experience, especially in the field of medicine and nursing.

Browse 38 Market Data Tables and 30 Figures spread through 215 Pages and in-depth TOC on " Global Healthcare Simulators Market, By Products and Services [Interventional/ Surgical Simulators (Laparoscopic Surgical Simulators, Gynecology Simulators, Cardiovascular Simulators, Arthroscopic Surgical Simulators, and Other Interventional/Surgical Simulators), Endovascular Simulators, Ultrasound Simulators, Dental Simulators, Eye Simulators, Patient Simulation (Task Trainer Simulation, Manikin-based Simulation, and Standardized Patient Simulation), Web-based Simulation, and Simulation Training Services], By Fidelity (Anatomical Models)  (Low- fidelity, Medium- fidelity, and High- fidelity), By End User (Academic Institutions & Research Centers, Hospitals, and Military Organizations), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2026"

To know the latest trends and insights related to Global Healthcare Simulators market, click the link below:

https://www.coherentmarketinsights.com/market-insight/healthcare-simulators-market-2802

Moreover, manufacturers are launching new products in regular intervals with new technology and increasing fidelity, which is fuelling the market growth over the forecast period. For instance, in May 2018, SimMan Vascular System was developed by Laerdal Medical, in collaboration with Mentice. It includes Mentice VIST technology and is largely adopted in pre- and in-hospital team training to support acute endovascular procedures.

Key Takeaways of the Global Healthcare Simulators Market:

  • The Global Healthcare Simulators market is expected to witness a CAGR of 14.7% during the forecast period (2018–2026), owing to increasing number of medical institutes and growing educational tourism. Increasing adoption of simulators, owing to their benefits in patient safety is also expected to contribute to market growth.
  • Among product and services type, the anatomical models segment is expected to account for the largest share, owing to various companies offering interventional and surgical simulators to provide intensive learning with augmented reality to closely associate the models with human tissues. For instance, in January 2018, CAE Healthcare announced the release of CAE LucinaAR with Microsoft HoloLens, the world's first augmented reality childbirth simulator with integrated mother-baby physiology.
  • Major players operating in the global healthcare simulators market include, Laerdal Medical, 3D Systems, Simulab Corporation, Simulaids, Inc., Kyoto Kagaku, Mentice, Medaphor, CAE Healthcare, Gaumard Scientific Company, Limbs & Things, BT, Inc., Trandomed 3D, Inc., Fujian Zhongli Co., Ltd., and Tellyes Scientific Co., Ltd.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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