Medical Simulation Market Size
and Growth Rate:
The Medical
Simulation Market was registering a CAGR of 12.43% from 2019 to 2024.
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Medical Simulation Market
Overview:
Medical
simulation is a process of inventing a real-life medical situation to show and
teach healthcare professionals. The global medical simulation industry is
driven by circumstances such as increasing emphasis on patient safety &
outcomes, compared benefits of medical simulation such as illustrating complex
and normal cases to professionals and enlightening the medical fraternity about
the development of medical technology.
Medical Simulation Market Growth
Drivers and Restraints:
According
to an article distributed by NCBI, more than 250,000 victims die every year due
to medical errors, which makes it the third leading cause of death in the
world. The advent of simulation in healthcare has significantly decreased the
number of deaths due to unsafe care. Furthermore, the performance of
clinicians, especially increasing patient safety outcomes, has changed in
recent years with the use of simulation techniques. These factors are
anticipated to boost the growth of the market in the near future. Nevertheless,
the high set-up cost of simulation and other related costs are anticipated to
impede the market growth.
Minimally
invasive methods require specific psychomotor skills. Simulation provides a
decent tool for learning and training of such skills. Many simulation
modalities are used for learning and preparation for minimally invasive
surgeries. Various animal models, virtual reality, and video managers can be
used for simulation of minimally invasive systems. Thus, surging demand for such
surgical systems is providing an upthrust to the market.
In
extension, the growing significance of various health apps, surgical robots,
medical visualization, and preventive medicines is supporting improved
penetration of advanced technologies in healthcare simulation. This, in turn,
is likely to increase the growth of the market.
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Medical Simulation Market
Geographical Segmentation:
North
America accounted for the biggest share of the Medical Simulation market in
2016, followed by Europe and the Asia Pacific. The high selection of simulation
by medical universities and well-established distribution channels, training
centers, accessibility to technologies, and the increasing number of healthcare
professionals demanding hands-on patient training are the main factors
responsible for the highest share of North America in the global Medical
Simulation market.
Key players of the Medical
Simulation Market:
The
outstanding players in the world Medical Simulation Market are 3D Systems
(US),CAE (Canada), Laerdal Medical (Norway), Simulab Corporation (US),Limbs
& Things (US), Simulaids (US),Kyoto Kagaku (Japan),Metaphor (UK), Mentice
(Sweden), and Gaumard Scientific Company (US).
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