Medical Simulation Market Technological Advancements, Business Growth, Key Players And Trends 2019-2

Market Industry Reports

Global Medical Simulation Market Analysis and Forecast 2019-2030 by Product and Services, Fidelity and End Users

Medical Simulation Market by Product & Services (Healthcare Anatomical Models, Web-Based Simulators, Medical Simulation Software and Simulation Training Services), Fidelity (Low-fidelity, Medium-fidelity and High-fidelity), End Users (Academic Institutes, Hospitals, Research Centers and Others) – Global Analysis and Forecast 2019-2030

Medical Simulation Market Market Industry Reports (MIR) has published a new report titled “Medical Simulation Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global medical simulation market is estimated to be over US$ 1,400 Mn in 2018. It is anticipated to grow at a double digit CAGR from 2019 to 2030.

The continual growth of the medical simulation market can be attributed to several factors which have led to wide-scale adoption of these products. These medical simulation products are extensively used for increasing focus on patient safety. As there is an increasing demand for minimally invasive procedures, it is anticipated to further contribute to the substantial growth of the global medical simulation market between 2019 and 2030. To obtain better insights regarding the market scenario, prominent players are increasingly focusing on innovation and advancements in technologies. For instance, American Society of Anesthesiologists and CAE healthcare launched first-of-its-kind interactive simulation product called Anesthesia SimSTAT. However, the high cost of medical simulators can hamper the growth of the overall market.

Medical Simulation Market by Product & Services (Healthcare Anatomical Models, Web-Based Simulators, Medical Simulation Software and Simulation Training Services), Fidelity (Low-fidelity, Medium-fidelity and High-fidelity), End Users (Academic Institutes, Hospitals, Research Centers and Others) – Global Analysis and Forecast 2019-2030 Browse key industry insights spread across 150 pages with market data tables & figures & charts from the report, Medical Simulation Market by Product & Services (Healthcare Anatomical Models, Web-Based Simulators, Medical Simulation Software and Simulation Training Services), Fidelity (Low-fidelity, Medium-fidelity and High-fidelity), End Users (Academic Institutes, Hospitals, Research Centers and Others) – Global Analysis and Forecast 2019-2030 in detail along with the table of contents:https://www.marketindustryreports.com/64/medical-simulation-market Innovation and Technological Advancements Over the period, the evolution in innovation and technology has played a vital role in contributing to the growth of the global medical simulation industry. Patient-Specific Virtual Reality Simulation is the new technological advancement that allows the practice of upcoming real operations and used for minimally invasive neurosurgery. CAE healthcare came up with CAE Luna infant simulator which is designed to fulfill clinical training requirements for neonatal and infant care. Furthermore, this simulator is also used to stimulate the critical newborn baby conditions that require an interprofessional team response. 3D Systems announced its new Simbionix ARTHRO Mentor Express training simulator to help medical professionals to learn surgical procedures for knees, shoulders, and hips on a portable and affordable tabletop platform. Guanard Scientific has innovated the world’s most advanced pediatric patient simulator which is capable of simulating lifelike emotions through dynamic facial expressions, movement, and speech. These factors are anticipated to present a lucrative growth opportunity for the global medical simulation market in the coming years.

Medical Simulation Market by Product & Services (Healthcare Anatomical Models, Web-Based Simulators, Medical Simulation Software and Simulation Training Services), Fidelity (Low-fidelity, Medium-fidelity and High-fidelity), End Users (Academic Institutes, Hospitals, Research Centers and Others) – Global Analysis and Forecast 2019-2030

High Cost of Medical Simulators to hamper the overall growth The cost of medical simulators is very high to buy and maintain. Owing to its high price, the small and medium-sized healthcare training centers and educational institutes are not able to afford it. Therefore, this hampers the growth of medical simulation market. The market price of the equipment, accessories and training is very costly. Additionally, equipment maintenance requires high cost due to annual subscription fees, software upgrade costs and technological support. Moreover, simulators require computers, projectors and a separate room which ultimately affects the cost of the overall product, these factors can restrain the global medical simulation growth.

Download free PDF sample Copy@ https://www.marketindustryreports.com/pdf/64 Rapid Growth of the Asia Pacific Market Asia Pacific is estimated to witness the highest CAGR during the forecast period. Increasing population, continuously growing economy and increasing awareness is expected to aid the growth of the medical simulation market in this region. Additionally, this region is expected to show the fastest growth due to increasing demand for healthcare simulation and related services and increasing government spending on healthcare research. China is known as the home for producing low-cost electronic chips, simulator models’ parts and components, software and anatomical models. Due to the availability of huge labor and low manufacturing cost, ease of doing business is high in the Asia Pacific market. This is an important factor estimated to augment the market in this region.

Medical Simulation Market by Product & Services (Healthcare Anatomical Models, Web-Based Simulators, Medical Simulation Software and Simulation Training Services), Fidelity (Low-fidelity, Medium-fidelity and High-fidelity), End Users (Academic Institutes, Hospitals, Research Centers and Others) – Global Analysis and Forecast 2019-2030 Table of content : 2 1

INTRODUCTION

RESEARCH METHODOLOGY

2.1

Research Framework

1.1

Research Methodology

2.2

Data Collection Technique

1.2

Market Definition

2.3

Data Sources

Market Ecosystem

2.3.1

1.3

Secondary Sources

Market Classification

2.3.2

1.3.2

Geographic Scope

2.4

1.3.3

Years Considered for the Study

2.4.1

Bottoms Up Approach

2.4.2

Top Down Approach

1.3.1

1.3.3.1

Historical Years – 2016 & 2017;

Primary Sources Market Estimation Methodology

Base Year – 2018; Forecasted Years – 2019 to 2030

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