Global Medical Simulation Market Report 2022: Industry to Grow at 13.3% Annually Through 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Sep 23, 2022--

The "Global Medical Simulation Market Research and Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.

The global medical simulation market is growing at a considerable CAGR of 13.3% during the forecast period (2021-2027). The factors that augment the growth of the market include a rise in the number of healthcare workers, an increase in demand for a user-friendly interface, an increase in n demand for minimally invasive treatment procedures, and training of complex cases.

Moreover, the need to increase patient safety and reduce medical errors is also estimated as one of the major factors. For instance, as per the analysis of NCBI, every year around 250,000 deaths occur due to medical error. According to the analysis of The Johns Hopkins University, deaths due to medical error are estimated to be the third leading cause of death, behind cancer and cardiovascular disease. The need for tackling these unnecessary death rates is further surged up the demand for medical simulations to assist, doctors, nurses, surgeons, or any other healthcare worker to understand the procedures.

In addition to this, government and non-government initiatives to increase the skilled training of healthcare workers also contribute to the growth of the market. For instance, Advanced Initiative in Medical Simulation (AIMS) Board and SSH established the Bob Waters Memorial Scholarship Fund to support students in healthcare simulation every year by providing motivation and scholarships.

However, the high cost of simulators, difficulty in attaining multimodal simulation, and lack of complete real situation are some of the restraints that are estimated to challenge the growth of the market in the forecast period. Conversely, technological advancements in the medical field, researches in the field, and a rise in the number of market players with innovative solutions are the opportunity estimated for the market players. The lack of healthcare professionals, and raising awareness of simulation education in emerging countries, are all likely to provide profitable opportunities for market players.

The Report Covers

• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global medical simulation market based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where in the market

   

Key Topics Covered:

1. Report Summary

2. Market Overview and Insights

3. Competitive Landscape

4. Market Determinants

5. Market Segmentation

6. Regional Analysis

7. Company Profiles

Companies Mentioned

• 3B Scientific GmbH
• 3-Dmed
• Adam, Rouilly Ltd.
• Anesoft Corp.
• Altay Scientific Group Srl
• Education Management Solutions, LLC
• EMD Services Ltd.
• FlexSim Software Products, Inc.
• Gaumard Scientific Co., Inc.
• IngMar Medical, LLC
• NAR Training, LLC
• KaVo Dental GmbH
• Limbs & Things, Ltd.
• Intelligent Ultrasound Group
• MEDICAL-X
• Minerva Medical Simulation Inc.
• Moog Inc.
• Simendo B.V.
• Simulaids Ltd.
• SimX, Inc.
• Surgical Science Sweden AB
• TruCorp Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/ncrmp9

View source version on businesswire.com:https://www.businesswire.com/news/home/20220923005318/en/

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INDUSTRY KEYWORD: HEALTH OTHER HEALTH

SOURCE: Research and Markets

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