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Market Overview of Global Healthcare and Medical Simulation market:
According to our latest research, the global Healthcare and Medical Simulation market looks promising in the next 5 years. As of 2022, the global Healthcare and Medical Simulation market was estimated at USD 2294.3 million, and it's anticipated to reach USD 6147.85 million in 2028, with a CAGR of 17.85% during the forecast years.
Medical simulation is a modern approach to training healthcare professionals through the use of advanced educational technology. Medical simulation is an experiential learning that every health care professional needs, but it is never possible to participate during real-life patient care.
The application of healthcare simulation in COVID-19 is increasing
The challenge of the COVID-19 pandemic is felt in all areas of healthcare, and it will certainly continue after the pandemic. With the continuous increase in the number of patients and the emergence of asymptomatic and mildly symptomatic infections, the pathogenicity and lethality of the coronavirus is not high, but the infectivity is high, and there are asymptomatic infections. Coronavirus is very similar to influenza virus, but it is more pathogenic and lethal than influenza. In order to know the occurrence of these situations in advance, there will be more and more applications of COVID-19 in the healthcare simulation industry in the future.
There are limited opportunities to contact live patients during training
In general, medical simulations, in order to better demonstrate the process, tests are usually performed on the prosthesis. Some simple simulations are often not very demanding, and will allow others to watch and conduct medical simulation learning. For more complex experiments, simulation experiments that are close to real human body structure and conditions are often used.
Medical and mixed reality technology revolution
In the current medical simulation process, sensors and digital technology are usually used to help the simulation. The process of medical simulation is also a promotion for the revolution of medical and real technology.
Industry barriers are higher
For the healthcare simulation industry, it is a capital-intensive and knowledge-intensive industry, in a state of full competition. For such industries, capital-intensive investment strategies and technology-intensive investment strategies should be adopted. 1. The capital-intensive investment strategy refers to the long-term investment direction determined by the medical simulation company that requires a large amount of capital investment. The second is a technology-intensive investment strategy, which means that for a long period of time, the investment direction determined by the healthcare simulation company will require a large amount of technical input. This is mainly reflected in the degree of simulation of the human body and auxiliary sensing technology.
Uneven regional development
Healthcare is the focus of attention in many countries. In order to ensure the safety of patients, the main focus of healthcare providers, medical professionals, and academic institutions are slowly shifting to healthcare simulation. Developed countries are increasingly using medical simulation to train medical students and practitioners. However, due to low income and scarce resources, most developing countries cannot benefit from it. Therefore, in the healthcare simulation industry, the development of the industry in most developed countries such as Europe and North America tends to be perfect, while for the developing regions such as Africa, the healthcare simulation industry is mostly in the initial or mid-stage of development.
Region Overview:
In global comparison, a significant portion of the revenue was generated in North America (46.32% in 2022).
Company Overview:
CAE Healthcare is one of the major players operating in the Healthcare and Medical Simulation market, holding a share of 13.21% in 2021.
CAE Healthcare
CAE Inc. was established in 1947. It is a Canadian computer simulation technology service company with branches in more than 30 countries around the world. The company's main business includes aviation flight simulation, mining development simulation, and medical training equipment. CAE Healthcare provides educational tools to help healthcare professionals provide safe, high-quality patient care. Our range of end-to-end simulation solutions includes patients, interventional and imaging simulations, audiovisual solutions and learning applications.
Laerdal Medical
Laerdal is a company that develops products and programs for global healthcare providers, voluntary organizations, educational institutions, hospitals and the military. Laerdal understands that PVC is suitable for casting toys and dolls. Due to its experience in soft plastics, Laerdal designed natural-looking imitation wounds for military training as required and developed the world's first patient simulator.
Segmentation Overview:
As for product types, the Healthcare Anatomical Models segment held the largest market share in 2022.
Application Overview:
By application, the Academic Institutes segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Healthcare and Medical Simulation market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Healthcare and Medical Simulation Market Report:
Market Size Estimates: Healthcare and Medical Simulation market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Healthcare and Medical Simulation market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Healthcare and Medical Simulation market
Segment Market Analysis: Healthcare and Medical Simulation market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Healthcare and Medical Simulation market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Healthcare and Medical Simulation Market: Revenue and sales volume of major countries in each region
Healthcare and Medical Simulation Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Healthcare and Medical Simulation market in major regions.
Healthcare and Medical Simulation Industry Value Chain: Healthcare and Medical Simulation market raw materials & suppliers, manufacturing process, distributors, downstream customers
Healthcare and Medical Simulation Industry News, Policies & Regulations
Key players in the global Healthcare and Medical Simulation market are covered in Chapter 12:
Gaumard Scientific
CAE Healthcare
Laerdal Medical
Ambu
3B Scientific GmbH
Mentice
Surgical Science
Kyoto Kagaku
3D Systems
Intelligent Ultrasound Group Plc
Tellyes Scientific Inc.
Limbs & Things
Simulab Corporation
In Chapter 2 and Chapter 15.1, based on types, the Healthcare and Medical Simulation market from 2018 to 2028 is primarily split into:
Web-Based Simulation
Healthcare Anatomical Models
Medical Simulation Software
Simulation Training Services
In Chapter 3 and Chapter 15.2, based on applications, the Healthcare and Medical Simulation market from 2018 to 2028 covers:
Academic Institutes
Hospitals
Military Organizations
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Healthcare and Medical Simulation market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028