Global Healthcare and Medical Simulation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Healthcare and Medical Simulation Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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.

Market Overview:

The latest research study on the global Healthcare and Medical Simulation market finds that the global Healthcare and Medical Simulation market reached a value of USD 2294.3 million in 2022. It’s expected that the market will achieve USD 6147.85 million by 2028, exhibiting a CAGR of 17.85% during the forecast period.

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.

Key Companies in the global Healthcare and Medical Simulation market covered in Chapter 3:

Ambu
Tellyes Scientific Inc.
Kyoto Kagaku
Simulab Corporation
3B Scientific GmbH
Mentice
3D Systems
Intelligent Ultrasound Group Plc
Limbs & Things
Laerdal Medical
Gaumard Scientific
CAE Healthcare
Surgical Science

In Chapter 4 and Chapter 14.2, on the basis of types, the Healthcare and Medical Simulation market from 2018 to 2029 is primarily split into:

Web-Based Simulation
Healthcare Anatomical Models
Medical Simulation Software
Simulation Training Services

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Healthcare and Medical Simulation market from 2018 to 2029 covers:

Academic Institutes
Hospitals
Military Organizations

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)