Global Medical Simulation Market Growth, Market Insights and Forecast to 2025

Posted by rekha on September 6th, 2019

Precision Business Insights (PBI) in its report titled “Global Medical Simulation Market": Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024” assesses the market performance over seven years forecast period over 2018-2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The global medical simulation market was valued at US$ XX Mn in 2017 and increasing at a significant CAGR over the forecast timeframe owing to surge in the incidence of deaths due to medical errors, growing technological advancements, rising demand for minimally invasive procedures, and increasing focus on patient safety and advanced healthcare services are expected to drive the global medical simulation market. However, high simulation production costs, and higher cost for other setups related to simulation, are anticipated to hinder the revenue share of global medical simulation market.

Global medical simulation market segmented on the basis of type of product & services, technology, end user, and region.

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Healthcare Anatomical Models dominates the Global Medical Simulation Market


Based on the product & services, global medical simulation market segmented into healthcare and anatomical models, Web Based Simulators, Healthcare Simulation Software, and Simulation Training Service. Healthcare and anatomical models dominated the global medical simulation market in 2017 and 2018 and estimated to dominate over the forecast period owing to increased focus on patient safety, technological advancements and increasing deaths due to medical errors all over the world, surge the market over the forecast years. However, a slow growth rate observed for all other simulators.

North America Leads the Global Medical Simulation Market


PBI’s global medical simulation market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America accounted for larger revenue share through 2013-2017 and expected to dominate over 2018-2024 owing to advance healthcare system, Increasing focus in patient safety, rising geriatric population, increase in medical training institutes, increasing number of health care professionals, stringent government rules regarding deaths due to medical errors, increase in willing towards minimally invasive techniques and rise in awareness about the medical simulation among the healthcare professionals are propel the market. Asia Pacific medical simulation market projected to exhibit significant growth due to increase in investments on research and development, increased demand for the healthcare simulation, low manufacturing cost due to low labour costs are expected to enhance the market

Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players


Global medical simulation market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In September 2016, L-3 Communications acquired Aerosim to develop simulation-based training solutions for the air transport market. This acquisition is helping L-3 Communications to fortify its position in the global market, specifically in the cardiovascular area.

Key player’s profiles in the report are

  • Altay Scientific S.P.A. (Italy)
  • CAE, Inc. (Canada)
  • Cardionics, Inc. (U.S.)
  • Gaumard Scientific Company, Inc. (U.S.)
  • Ingmar Medical (U.S.)
  • Kyoto Kagaku Co., Ltd. (Japan)
  • Laerdal Medical AS (Norway)
  • Limbs & Things, Ltd (U.K.)
  • Medaphor Group Plc (U.K.)
  • Medical Simulation Corporation (U.S.)
  • Mentice AB (Sweden)
  • Simulab Corporation (U.S.)
  • Simulaids, Inc. (U.S.)
  • Surgical Science Sweden AB (Sweden)


Detailed Segmentation


 By Technology

  • High-fidelity Simulators
  • Medium-fidelity Simulators
  • Low-fidelity Simulators

By Product& services

  • Healthcare Anatomical Models
  • Patient Simulators
  • Task Trainers
  • Interventional/Surgical Simulators
  • Endovascular Simulators
  • Ultrasound Simulators
  • Dental Simulators
  • Eye Simulators
  • Web Based Simulators
  • Healthcare Simulation Software
  • Simulation Training Service

By End User

  • Academic Institutes
  • Hospitals
  • Military Organization
  • Research




  • North America
  • U.S
  • Canada
  • Europe
  • Germany
  • France
  • U.K
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific
  • Latin America
  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America
  • Middle East and Africa (MEA)
  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

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Joined: July 26th, 2019
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