New York, NY -- (SBWIRE) -- 03/13/2020 -- Medical simulation is now widely used in education and training in a variety of high risk professions and disciplines, including the military, commercial airlines, nuclear power plants, business and medicine. Simulation based medical education can be defined as any educational activity that utilizes simulative aides to replicate clinical scenarios. A device that facilitates the learner to replicate and perform under experimental conditions that are likely to occur while interacting with the actual patient is called as simulator. Medical simulation plays an important role to reduce risks to patients and learners, helps to improve capability and self-confidence of learners and, reduces medical costs in the future.

Market Industry Reports (MIR) has published a new report titled "Medical Simulation Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030." According to the report, the global medical simulation market is estimated to be over US$ 1,400 Mn in 2018. It is anticipated to grow at a CAGR of 14.4% from 2019 to 2030.

Major Key Players of the Medical Simulation Market are:
CAE, 3D Systems, Laerdal Medical AS, Guamard Scientific, Mentice AB, Limbs & Things LTD, Simulaids Inc., Simulab Corporation, Kyoto Kagaku Co. Ltd., Surgical Science Sweden AB.

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The continual growth of the medical simulation market can be attributed to several factors which have led to wide-scale adoption of these products. These medical simulation products are extensively used for increasing focus on patient safety. As there is an increasing demand for minimally invasive procedures, it is anticipated to further contribute to the substantial growth of the global medical simulation market between 2019 and 2030. To obtain better insights regarding the market scenario, prominent players are increasingly focusing on innovation and advancements in technologies. For instance, American Society of Anesthesiologists and CAE healthcare launched first-of-its-kind interactive simulation product called Anesthesia SimSTAT. However, the high cost of medical simulators can hamper the growth of the overall market.

Over the period, the evolution in innovation and technology has played a vital role in contributing to the growth of the global medical simulation industry. Patient-Specific Virtual Reality Simulation is the new technological advancement that allows the practice of upcoming real operations and used for minimally invasive neurosurgery. CAE healthcare came up with CAE Luna infant simulator which is designed to fulfill clinical training requirements for neonatal and infant care. Furthermore, this simulator is also used to stimulate the critical newborn baby conditions that require an interprofessional team response. 3D Systems announced its new Simbionix ARTHRO Mentor Express training simulator to help medical professionals to learn surgical procedures for knees, shoulders, and hips on a portable and affordable tabletop platform. Guanard Scientific has innovated the world's most advanced pediatric patient simulator which is capable of simulating lifelike emotions through dynamic facial expressions, movement, and speech. These factors are anticipated to present a lucrative growth opportunity for the global medical simulation market in the coming years.

Major Types of Medical Simulation covered are:
Healthcare Anatomical Models
Web-Based Simulators
Medical Simulation Software and Simulation Training Services

Major Applications of Medical Simulation covered are:
Academic Institutes
Hospitals, and Research Centers

Research objectives:-

- To study and analyze the global Medical Simulation consumption (value & volume) by key regions/countries, product type and application, history data.
- To understand the structure of the Medical Simulation market by identifying its various sub-segments.
- Focuses on the key global Medical Simulation manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
- To analyze the Medical Simulation with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- The scope of this report centers on key market analyses, market drivers & challenges, and competitive analysis & trends. Research report examines each market and its applications, regulatory scenario, technological innovations, Medical Simulation market projections, market sizes, and shares. Moreover, the Medical Simulation market report examines the most recent trends, pipeline products and developments in the Medical Simulation market. Complete profiles of leading organizations in the market are also mentioned in this report.

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Table of Content

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Medical Simulation Market Size
2.2 Medical Simulation Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Medical Simulation Market Size by Manufacturers
3.2 Medical Simulation Key Players Head office and Area Served
3.3 Key Players Medical Simulation Product/Solution/Service
3.4 Date of Enter into Medical Simulation Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Medical Simulation Sales by Product
4.2 Global Medical Simulation Revenue by Product
4.3 Medical Simulation Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Medical Simulation Breakdown Data by End User

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In the end, Medical Simulation industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.

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