Medical simulation is the virtual copying of in-situ activities or phenomena, representing the functions and attributes of selective real abstractions or processes. It used for training healthcare professionals using advanced medical technology.
The global medical simulation market expected to increase market value by USD 25.5 billion, fueling CAGR in the forecast period from 2020-2027. The drivers of the global medical simulation market are the increased use of healthcare simulations, the increased number of deaths due to medical errors, and the need to improve patient safety outcomes.
The main products in the medical simulation industry mainly divided into five levels according to the way of implementation: basic anatomical model and local functional model, computer interactive training model, physiological driving model, and virtual training system. Among them, the first three categories are low-end products with low-profit margins. The physiological driving model and virtual training system have significantly higher gross profit due to their high technical requirements, complex manufacturing, and sound use effects.
Moreover, due to the characteristics of non-invasive, convenient, repeatable operation, and low cost, medical simulation education products gradually occupy an essential position in the training of medical and health personnel. They are an indispensable means in modern medical education. Medical simulation products have evolved from the initial anatomical basic models to today’s advanced physiological simulation-based human simulators and virtual reality simulators.
With the development of new technologies such as virtual reality and 3D printing, future medical simulation products can be significantly improved in practicability, accuracy, simulation status, and quality performance.
Besides, the benefits of medical simulation, such as sophisticated training and typical cases of professionals and technological advancements in the medical field, further increasing the demand for medical simulation.
Medical robots have reduced errors, improves safety, can simulate surgery, achieve comprehensive care, and play a role in reducing human resources. The machine program can set, compared with traditional medical personnel, in terms of patience, care, and physical fatigue. With the gradual deepening of domestic industry-university-research cooperation and capital’s pursuit of industrial hotspots, intelligent medical robot technology research and development continue to accelerate, and products will extend to more application scenarios.
High-simulation scenario teaching is a platform that uses high-end comprehensive simulators and other simulation methods to reproduce the real clinical environment, and to create a platform for learners to experience clinical and systematically learn clinical knowledge and skills indeed. With the continuous development in recent years of modern science and technology, new technologies and methods directly used in medical education, which has caused significant changes in teaching methods. High-simulation scenario teaching is risk-free, operationally controllable, and several clinical cases.
Based on the product and service, the global medical simulation market segmented into Model-based Simulation, Web-based simulation, and Simulation Training Services. The web-based simulation segment estimated to dominate the maximum share of the global medical simulation market. Web-based simulation divided into simulation software, performance recording software, and virtual teachers. Simulation training services include supplier-based training services, customized consulting services, and educational, social services. The demand for web-based stimulation services is propelling in the market due to the prevalence of internet services, controlled access to stimulating procedures, and learning environments.
Based on the fidelity, the global medical simulation market classified into Low-fidelity, Medium-fidelity, and High-Fidelity. The low fidelity segment is dominating the largest share in the global medical simulation market. It is mainly owing to the advantage of low-fidelity as it is an easy and fast way to transform advanced design concepts into tangible, testable objects. Its primary and most important role is to check and test product functions, not the visual appearance of the product. It involves little cost, and its design does not require any special skills, so more people can participate in the design process. Even non-designers can play an active role in the creative process.
Based on the end-user, the global medical simulation market segmented into Academic Institutes and Research Centers, Hospitals & Clinics, and Military Organizations. Hospital segment dominating the largest market share in the global medical simulation market. It is mainly due to the rise in technological advancement that has changed the traditional learning and started adopting advanced stimulation learning-based technologies. The adoption medical stimulation method helps in reducing errors and reduce costs as well.
Based on geography, the global medical simulation market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific is the world’s fastest-growing global medical simulation market, accounting for the largest share. It is mainly owing to the rising patient admission from chronic diseases, increasing geriatric population, emerging hospital infrastructure, rising demand for medical training with new technology is driving demand for the Asia Pacific market.
Companies such as 3D Systems Corporation (SIMBIONIX), CAE Inc, Gaumard Scientific Company, Gaumard Scientific Company, Laerdal Medical AS, Limbs and Things LTD., Mentice AB, Simulab Corporation, Simulaids INC., and Surgical Science Sweden AB, MSC, 3-Dmed, HRV, Medical Simulation Technologies sp., Remedy Simulation Group, MEDICAL-X, Medaphor, Canadian Aviation Electronics Ltd and others are key players in the global medical simulation market.