With a valuation of US$ XX Mn in 2016 which is expected to reach US$ XX Mn by 2022 and a Compounded Annual Growth rate of XX%, the Global Medical Simulation Market is increasing at a rapid pace. Medical simulation deals with the training of healthcare professionals using advanced experiential learning technologies. It can be used for training where real-life patient care cant be engaged. Market Dynamics
The factors that drive growth for the Medical simulation market include the rise in the focus for patient safety, technological innovations being brought out in the field and the increase in the demand for minimally invasive treatments. The high cost of medical simulation devices is a major challenge for this industry. Another challenge for this industry is the slowdown experienced in the economies worldwide.
The market also throws up several opportunities with regard to the increasing technological innovation happening at a very rapid pace.Market Segmentation
The market is segmented in terms of the type of products and services and end users.
In terms of the type of products and services, the market is classified into Imaging simulation, Simulation education, Software, Human Patient Simulators, Interventional simulation, Ancillary products, Simulated Clinical Environments and Medical simulation anatomical models.
In terms of end users, the market is divided into institutional and others. The institutional segment can be further subdivided into military, educational institutions, medical schools, and hospitals.
The different geographic market segments are North America, Europe, Asia Pacific and Rest of the world.
North America is the dominating market in terms of market share due to the presence of several large firms that operate in this industry that was formed through acquisitions over the years. North America is followed by Europe in terms of market share. But in terms of future growth, Asia Pacific is the expected to be the leader because of the developing infrastructure and the increasing medical schools and hospitals.Key Players
Some of the major players in the market include Laerdal Medical AS, CAE, Inc., Limbs and Things, Ltd Simulab Corporation, Simulaids, Inc., 3D Systems, Inc., Kyoto Kagaku Co., Ltd, Mentice AB, Surgical Science Sweden AB, and Gaumard Scientific Company, Inc.
The report contains comprehensive analysis on:
Global Medical Simulation Market Segments
Global Medical Simulation Market Drivers, Restraints and Opportunities
Global Medical Simulation Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Global Medical Simulation Market Current Trends
Competition & Major Companies Technology
and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
Regional analysis for Global Medical Simulation Market includes
--> North America
>> US and Canada
--> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
--> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe
--> Eastern Europe
>> Rest of Eastern Europe
--> Asia Pacific
>> Australia and New Zealand
>> Rest of Asia Pacific
--> Middle East and Africa
>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies. Report Highlights:
-->Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
-->Consumer and Pricing Analysis
--> Market dynamics of the industry
-->In-depth Market Segmentation
-->Historical and Projected Market Sizing in terms of volume and value
-->Recent market trends and Impact Factors
-->R&D Status and Technology
-->Extensive Industry Structure Coverage
Publisher Name : Market Litmus