The global medical simulation market is projected to reach USD 2.27 Billion by 2021, at a CAGR of 15.2% from 2016 to 2021.
The market growth can be attributed to a number of factors such as increasing healthcare costs, rising focus on patient safety, and technological advancements. Increasing demand for minimally invasive treatments and increasing consolidation of the market players are other major contributors to the growth of this market. However, a few pivotal factors hindering the growth of this market are high costs of simulators, limited availability of funds, and operational challenges faced by many players in this market.
North America accounted 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 healthcare 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 healthcare simulation products in these developing regions to train the medical practitioners.
- 3D Systems, Inc.
- Canadian Aviation Electronics, Ltd.
- Gaumard Scientific Company, Inc.
- Kyoto Kagaku Co., Ltd
- Laerdal Medical as
- Limbs & Things, Ltd.
- Mentice AB
- Simulab Corporation
- Simulaids, Inc.
- Surgical Science Sweden
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Medical Simulation Market, By Products & Services
8 Medical Simulation Market, By End User
9 Medical Simulation Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/b4bk25/healthcaremedical
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-medical-simulation-market-worth-227-billion-by-2021---increasing-demand-for-minimally-invasive-treatments---research-and-markets-300333297.html
SOURCE Research and Markets