Medical Simulation Market Set To Witness An Uptick During 2023 to 2030.

Medical Simulation Industry Overview

The global medical simulation market size was estimated at USD 2.18 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 16.7% from 2023 to 2030.

Growing technological advancements, preference for minimally invasive treatment, and focus on patient safety are the factors anticipated to boost the market growth. The COVID-19 pandemic has negatively impacted various market players. Canadian Aviation Electronics, Ltd reported that medical and nursing schools are a major part of the simulation products market. This has negatively impacted their ability in completing contracts and also in delivering existing orders.

Gather more insights about the market drivers, restrains and growth of the Medical Simulation Market

COVID-19 began to hamper the demand in Asia early in the fourth quarter of the financial year 2020, with border restrictions in place, and in North America and Europe, later in March. Within the hospital market, customers were predominantly focused on handling acute operational demands due to the ongoing healthcare crisis instead of focusing on their training needs. This could result in less focus and budget for normal operations and training projects in the near term. Manufacturing operations for healthcare products also continued during the pandemic. Such a pattern of demand was observed in other companies as well.

Medical simulation in healthcare creates a safe learning environment, within which practitioners and researchers can test new clinical processes and enhance their teams’ and individuals’ skills. Most of the simulation applications include artificial patients, who can display symptoms and also respond to the simulated treatment. This allows specialists to enhance their clinical skills without risking patient lives.

Companies are involved in launching technologically advanced solutions in the market, which is also boosting the market growth. For instance, in January 2020, CAE Healthcare released the CAE Vimedix 3.0 ultrasound simulator that provides VR as well as 3D/4D ultrasound images of the heart. Furthermore, in January 2018, Gaumard Scientific Company launched the Pediatric HAL S2225, which is advanced wireless and tetherless mobile pediatric patient simulator. These factors are expected to positively impact market growth.

Browse through Grand View Research's Medical Devices Industry Research Reports.

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Medical Simulation Market Segmentation

Grand View Research has segmented the global medical simulation market by products and services, technology, end use, and region:

Medical Simulation Products Services Outlook (Revenue, USD Million, 2018 - 2030)

Healthcare Anatomical Models
- Patient Simulators
- Task Trainers
- Interventional/Surgical Simulators
  - Laparoscopic Surgical Simulators
  - Gynecology Simulators
  - Cardiovascular Simulators
  - Arthroscopic Surgical Simulators
  - Spine Surgical Simulators
  - Other Interventional/Surgical Simulators
- Endovascular Simulators
- Ultrasound Simulators
- Dental Simulators
- Eye Simulators
Web-Based Simulators
Healthcare Simulation Software
Simulation Training Services