Medical simulation market is an advanced technological process of providing training to medical professional of various industries. It provides an artificial demonstration of a real-world process, in order to attain educational training through experimental learning. It reduces surgery errors and provides a learner an environment to do experiments. Simulation is regarded as the most prominent advancement in the field of medical education, as it has completely changed the way of medical research and training.

Increasing demand for minimally invasive treatment procedure and various benefits of simulation training over conventional training, including user-friendly interface, are some of the factors propelling the growth of the global medical simulation market. Moreover, the growing preference for a modern way of training to medical professionals and increasing adoption of high fidelity products for training are significantly contributing towards the growth of the medical simulation market. The high cost of simulators and difficulty in attaining multimodal simulation are some factors restraining the manufacturing of medical simulation system. However, the introduction of advanced technology such as augmented reality and virtual reality is expected to provide high fidelity in the training and research sector of medical, which in turn is likely to fuel the market growth in the near future.

Browse full report at: Global Medical Simulation Market Research​

The medical simulation market can be segmented on the basis of product & services, fidelity, and end user. Based on product & services, the market is bifurcated into a web-based simulation, model-based simulation, and simulation training services. Web-based medical simulation can further be segmented into simulation software, performance recording software, and virtual tours. Model-based simulation can be segmented into patient simulators, ultrasound simulators, surgical simulators, endovascular simulators, and others (dental simulators and eye simulators). Moreover, the simulation training services segment can be segmented into vendor-based training, educational societies, and custom consulting & training services. Based on fidelity, the global medical simulation market can be bifurcated into low fidelity, medium fidelity, and high fidelity. Based on end users, the market is diversified into academic institutes & research centers, hospitals, and military organizations. Among end users, the academic institutes & research center holds the largest market share in the medical simulation market. This can be attributed to growing awareness of patient safety by focusing on the occurrence of minimal errors during training.

Related Reports: Healthcare IT Industry

The global medical simulation market is further analyzed on the basis of the geographical regions that are contributing significantly towards the growth of the market. North America holds a dominant position in the global medical simulation market, followed by Asia Pacific and Europe. This is mainly owing to the increasing demand for hands-on training from rapidly increasing healthcare professionals in the region. Moreover, the firmly established distribution channel and increasing adoption of advanced technologies such as virtual reality have proven the major drivers in the growth of the medical simulation market in North America. Asia Pacific is projected to exhibit the fastest growth in the global medical simulation market over the forecast period. The increasing focus on the integration of advanced technology for providing training to medical professional and increasing focus on patient safety in emerging economies are some of the major factors contributing towards the market growth of medical simulation in Asia Pacific.

Some of the key vendors of the medical simulation market are CAE healthcare, KaVo dental, Simulab Corporation, Simulaids, Anesoft Corporation, Flexsim Software Products, Inc., and Medaphor, among others. In order to sustain in the competitive market, these players adopt various strategies such as acquisitions, mergers, expansions, joint ventures and product development and so on. For instance, in May 2018, Charles River Analytics Inc., a developer of the advanced system solution, has announced that it has received a contract from U.S. Army for designing and development of medical simulation and tutoring system for the training purpose.