Medical Simulation Market: - An Overview
Medical simulation is a branch of simulation related to training and education in medical fields. Medical simulation is the creation of real world situation that helps the medical professionals to learn, asses their medical skills and practice in safe environment. Medical simulation is defined as any education activity that utilizes simulation that aides to replicate clinical scenarios. Medical simulation helps in learning clinical skills through deliberate practice rather than apprentice style of learning. Medical simulation helps to understand, control and practice the clinical situation through the use of interactive videos, role playing and mannequins.
Medical simulation training helps in improving quality and patient safety and also reduces errors, build team communication and improve skills around crisis resource management.
Impact of COVID-19 Pandemic Outbreak on Medical Simulation Market
The world is facing a massive burden from the COVID-19 pandemic. Governments all over the world have taken step of lock down their own countries to prevent the spread of the virus. The pandemic has a critical impact on clinical education and for this the adoption of virtual simulation based learning is increasing. Learning based on Simulation is being adapted for catering the learner abilities, set up at appropriate time and locations.
Simulation is used for educating and training the healthcare professionals and also for identifying and testing effective safety interventions to improve safety-oriented behavior and subsequent patient outcomes. The adoption of virtual simulation technologies is increasing in pandemic for enhancing and strengthening the patient care skills. The medical simulation market is estimated to grow by 11% to 16% Y-o-Y from 2019 to 2021.
Medical Simulation Market: - Market Dynamics
Increasing Adoption of Simulators in Advanced Endovascular Training
Simulators are specifically used for advanced endovascular surgery training to make an easy way to practice medical and healthcare procedures. It offers different features such as a highly realistic environment, convertible to portable simulator, and reliability of such features drives growth of the simulator market. The demand for simulator is increasing owing to the need for complete individual and team training solutions for new learners. Simulator also provide a solution for various training programs such as interventional cardiology, vascular surgery, interventional radiology, cardiothoracic surgery, interventional neuroradiology electrophysiology, and others. Simulators are used for training and practicing basic tasks and skills on a variety of virtually patients.
High Implementation Costs Restraining Market Growth
Healthcare training facilitators are hesitant to invest in simulator technology in emerging markets due to high capital investments and lack of awareness about long-term benefits. Furthermore, weak funding for research, lack of technological roadmap for integrated system lifecycle simulation, and clear vision for investment communities, along with the absence of verification and validation methods, are some of the key factors expected to hamper the adoption of simulators.
Medical Simulation Market: - Segmentation
By Product & Services, Medical Simulation Market is segmented into-
By End user, Medical Simulation Market is segmented into-
Medical Simulation Market: - Regional Analysis
Medical Simulation market is analyzed across six regions including North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa. Currently, North America is dominating the market, due to rising medical training in institutes and hospitals to standardize the teaching practices for enhancing the safety of the patients. South Asia & Pacific is estimated to witness highest growth rate throughout the forecast period due to technological advancements in healthcare sector and increasing government funding in medical research. The demand for medical simulation is increasing in the region due to increasing focus on medical education, training, patient safety and increasing number of patients in countries like India, Malaysia, Indonesia.
Medical Simulation Market: - Key Players
The key players in the Medical Simulation market are CAE, Mentice AB, 3D Systems, Simulab Corporation, Simulaids, Kyoto Kagaku, Medaphor, Operative Experience, Inc., VirtaMed AG, SynBone AG, HRV Simulation, Inovus Medical, among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global Medical Simulation market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with Medical Simulation market attractiveness as per segments. The report on Medical Simulation market also maps the qualitative impact of various factors on Medical Simulation market segments and geographies.
Regional analysis includes:
Medical Simulation Market- Report Highlights: