The global medical simulation market is expected to reach USD1.450 billion by 2024 with a CAGR of 4.71 percent. Medical simulation is the process of simulating clinical scenarios for the training of healthcare professionals. Healthcare simulation is required for education, assessment, research, and health system integration in facilitating patient safety and act as a bridge between classroom learning and real-life clinical experience. It allows for the safe training of healthcare professionals engaging them in activities that would otherwise be too dangerous to practice. Healthcare simulation provides a safe and controlled environment that suits learner-centered approaches and reduces patient exposure to inexperienced trainees, thereby ensuring a better quality of care for the patients. The market is expected to show robust growth during the forecast period owing to the increased focus on patient safety. Technological advancements in the medical simulation techniques will also augment the growth of the market during the given forecast period. However, training and recruitment of the raters for high-stakes simulation-based assessment may restrict the growth of the medical simulation market.
Growing importance of patient safety and outcomes
Growing health expenditure worldwide
Unwillingness to adopt new training methods
On 28th May 2019, CAE Healthcare announced that it has entered into a partnership with ESPA-Montréal, which is now designated as CAE Centre of Excellence. Together they are focussed on the development and validation of novel training technologies, tools, software, and curriculum for healthcare professionals and students in Quebec, Canada.
On 24th June 2019, Siemens Healthineers and Mentice AB announced their collaboration for the integration of Mentice VIST® Virtual Patient into the Artis icono angiography system from Siemens Healthineers.
The major players profiled in the global medical simulation market include 3D Systems, Inc., MedaPhor Ltd., CAE Inc., Gaumard Scientific, Laerdal Medical, Mentice AB, SIMETRI, Inc., Simulaids, Inc., HRV, MEDICAL-X, Medical Simulation Technologies.
The global medical simulation market has been analyzed through the following segments:
Human Patient Simulators
Computer Assisted Instruction
Middle East and Africa