The global medical simulation market is fragmented, with the presence of many small companies which operate in their respective market segments. These small market players operating at regional- and local-levels are challenging the market share of the leading players in this market. In order to maintain their market shares, leading players in the market are continuously developing new technologies and upgrading their existing products to enhance their product portfolios
Dallas, TX -- (SBWIRE) -- 02/10/2015 -- In this report, the medical simulation market is broadly segmented into products and services, end users, and regions. Based on products the market is segmented as mannequin-based simulation, web-based simulation, and simulation software. Mannequin-based simulation is further classified into patient simulators, surgical simulators, endovascular simulators, ultrasound simulators, dental simulators, eye simulators, and task trainers. The surgical simulators market is further segmented as laparoscopic surgical simulators, arthroscopic surgical simulators, cardiovascular simulators, gynecology simulators, and others. Web-based simulation is further segmented into second life and serious games, whereas, the simulation software market is further classified into performance recording software and virtual tutors. On the other hand, the services market is segmented into vendor-based training services, custom consulting services, and educational societies' services. The major end users of the healthcare simulation products and services are academic institutions, hospitals, and military organizations. The market is further divided into four major regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW). These regions are further analyzed at the country-level.
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Patient simulators account for a major share of the medical simulation market. This segment is poised to grow at the highest CAGR during the forecast period. This is mainly attributed to the growing adoption of patient simulators by medical schools and hospitals across the globe to reduce the medical errors and thereby healthcare costs associated with it.
North America accounts for the largest share of the global healthcare simulation market, followed by Europe, Asia-Pacific, and RoW. Growth in the developed markets in North America and Europe is mainly driven by the development and adoption of innovative products and the presence of major companies in this region which improves the accessibility of medical simulation products and services. As opposed to the North American and European markets, the demand in the APAC and Latin American markets is primarily driven by the growth in the overall healthcare industry. With the rapid rise in the number of patients undergoing various complex surgeries as well as the increasing number of hospitals, there will be an upsurge in the demand for medical simulation products in these developing regions to train the medical practitioners.
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The major players in the medical simulation market are CAE, Inc. (Canada), Laerdal Medical AS (Norway), 3D Systems, Inc. (U.S.), Simulab Corporation (U.S.), Simulaids, Inc. (U.S.), Limbs and Things, Ltd (U.K.), Kyoto Kagaku Co., Ltd (Japan), Mentice AB (Sweden), Surgical Science Sweden AB (Sweden), and Gaumard Scientific Company, Inc. (U.S.).
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