Global medical simulation market will reach $4,375.0 million by 2026, growing by 14.46% annually over 2020-2026 owing to growing incidences of chronic disorders and population, rising patient safety concerns, the heightened demand for minimally invasive surgery (MIS), and technological advancement.
Highlighted with 88 tables and 78 figures, this 160-page report “Global Medical Simulation Market 2020-2026 by Product & Service (Model-based Simulation, Web-based Simulation, Simulation Training Services), Fidelity (High, Medium, Low), End User, and Region: COVID-19 Impact and Growth Opportunity” is based on a holistic research of the entire global medical simulation market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2016-2019 and provides forecast from 2020 till 2026 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify global medical simulation market in every aspect of the classification from perspectives of Product & Service, Fidelity, End User, and Region.
Based on Product & Service, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2016-2026 included in each section.
Model-based Simulation
• Patient Simulation (further segmented into Manikin-based Simulation, Task Trainer Simulation, Hybrid Manikin-based simulation, Standardized Patient Simulation)
• Surgical Simulation (further split into Cardiovascular Simulators, Laparoscopic Surgical Simulators, Gynecology Simulators, Arthroscopic Surgical Simulators, Orthopedic Simulators, Endovascular Simulators, Spine Simulators, Other Surgical Simulations)
• Ultrasound Simulation (further segmented into Cardiology, Anesthesia, Intensive Care Unit, Emergency Medicine, OB/GYN, Radiology, Other Ultrasound Simulations)
Web-based Simulation
• Virtual Tutors
• Performance Recording Software
• Simulation Software
• Learning Management Software
Simulation Training Services
• Vendor-based Training
• Custom Consulting Services
• Educational Societies
Based on Fidelity, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2016-2026 included in each section.
• Low-fidelity
• Medium-fidelity
• High-fidelity
Based on End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2016-2026 included in each section.
• Academic Institutions & Research Centers
• Hospitals & Clinics
• Military Organizations
• Other End Users
Geographically, the following regions together with the listed national/local markets are fully investigated:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Columbia, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
For each region and key country, detailed analysis and data for annual revenue ($ mn) are available for 2016-2026. The breakdown of all regional markets by country and split of key national markets by Product & Service, Fidelity, and End User over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in global medical simulation market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
3D Systems Corporation
Canadian Aviation Electronics, Ltd. (CAE)
Gaumard Scientific Company
Intelligent Ultrasound Group Plc (Formerly Medaphor Group Plc)
Kyoto Kagaku Co., Ltd.
Laerdal Medical AS
Limbs & Things Ltd.
Mentice AB
Simulab Corporation
Simulaids, Inc.
Surgical Science Sweden AB
Virtamed AG
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Table of Contents
1 Introduction 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 15
1.2.6 Market Size/Share Estimation 16
1.2.7 Research Limitations 17
1.3 Executive Summary 18
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 24
2.2 Major Growth Drivers 26
2.3 Market Restraints and Challenges 29
2.4 Emerging Opportunities and Market Trends 32
2.5 Porter’s Fiver Forces Analysis 36
3 Segmentation of Global Market by Product & Service 40
3.1 Market Overview by Product & Service 40
3.2 Model-based Simulation 42
3.2.1 Patient Simulation 43
3.2.2 Surgical Simulation 44
3.2.3 Ultrasound Simulation 46
3.3 Web-based Simulation 48
3.3.1 Virtual Tutors 50
3.3.2 Performance Recording Software 51
3.3.3 Simulation Software 52
3.3.4 Learning Management Software 53
3.4 Simulation Training Services 54
3.4.1 Vendor-based Training 55
3.4.2 Custom Consulting Services 56
3.4.3 Educational Societies 57
4 Segmentation of Global Market by Fidelity 58
4.1 Market Overview by Fidelity 58
4.2 Low-fidelity 60
4.3 Medium-fidelity 61
4.4 High-fidelity 62
5 Segmentation of Global Market by End User 63
5.1 Market Overview by End User 63
5.2 Academic Institutions & Research Centers 65
5.3 Hospitals & Clinics 66
5.4 Military Organizations 67
5.5 Other End Users 68
6 Segmentation of Global Market by Region 69
6.1 Geographic Market Overview 2019-2026 69
6.2 North America Market 2019-2026 by Country 73
6.2.1 Overview of North America Market 73
6.2.2 U.S. 76
6.2.3 Canada 80
6.2.4 Mexico 82
6.3 European Market 2019-2026 by Country 84
6.3.1 Overview of European Market 84
6.3.2 UK 87
6.3.3 France 89
6.3.4 Germany 91
6.3.5 Spain 93
6.3.6 Italy 95
6.3.7 Russia 97
6.3.8 Rest of European Market 99
6.4 Asia-Pacific Market 2019-2026 by Country 101
6.4.1 Overview of Asia-Pacific Market 101
6.4.2 China 104
6.4.3 Japan 106
6.4.4 India 109
6.4.5 Australia 111
6.4.6 South Korea 113
6.4.7 Rest of APAC Region 115
6.5 South America Market 2019-2026 by Country 117
6.5.1 Argentina 120
6.5.2 Brazil 122
6.5.3 Columbia 124
6.5.4 Rest of South America Market 126
6.6 MEA Market 2019-2026 by Country 127
6.6.1 UAE 130
6.6.2 Saudi Arabia 132
6.6.3 South Africa 134
6.6.4 Other National Markets 136
7 Competitive Landscape 137
7.1 Overview of Key Vendors 137
7.2 New Product Launch, Partnership, Investment, and M&A 140
7.3 Company Profiles 141
3D Systems Corporation 141
Canadian Aviation Electronics, Ltd. (CAE) 143
Gaumard Scientific Company 144
Intelligent Ultrasound Group Plc (Formerly Medaphor Group Plc) 145
Kyoto Kagaku Co., Ltd. 146
Laerdal Medical AS 147
Limbs & Things Ltd. 148
Mentice AB 149
Simulab Corporation 150
Simulaids, Inc. 151
Surgical Science Sweden AB 152
Virtamed AG 153
8 Investing in Global Market: Risk Assessment and Management 154
8.1 Risk Evaluation of Global Market 154
8.2 Critical Success Factors (CSFs) 157
Related Reports and Products 160
Key Players (this may not be a complete list and extra companies can be added upon request):
3D Systems Corporation
Canadian Aviation Electronics, Ltd. (CAE)
Gaumard Scientific Company
Intelligent Ultrasound Group Plc (Formerly Medaphor Group Plc)
Kyoto Kagaku Co., Ltd.
Laerdal Medical AS
Limbs & Things Ltd.
Mentice AB
Simulab Corporation
Simulaids, Inc.
Surgical Science Sweden AB
Virtamed AG
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*If Applicable.
