Global Healthcare Simulation Market – Analysis and Forecast (2023-2030)

Industry Insights by Product & Services (Medical Simulation Software (Performance Recording Software, Virtual Tutors), Anatomical Models (Patient Simulators, Task Trainers, Interventional/Surgical Simulators, Endovascular Simulators, Ultrasound Simulators, Dental Simulators, Eye Simulators), Web-Based Simulation, Simulation Training Services (Vendor-Based Training, Educational Societies, Consulting & Training Services)), and by End User (Academic Institutes, Hospitals, Military Organizations, Others), by Geography (U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, China, Japan, India, Australia, South Korea, Brazil, Saudi Arabia, South Africa, U.A.E.)

Industry Overview

The global healthcare simulation market is expected to grow at a CAGR of 16.2% during the forecast period with its market size predicted to reach USD 5.5 billion by 2030. The global healthcare simulation market is growing at a significant rate, due to the advantages of simulation over conventional learning, technological advancements, and the increasing need for minimally invasive treatments. Different products and services contributed to the healthcare/medical simulation market size. The market has witnessed a high demand for anatomical models over the last few years due to mounting primary care services, and scarcity of healthcare professionals.

The healthcare simulation market has been experiencing steady growth and is expected to continue expanding in the coming years. Factors such as the increasing demand for minimally invasive surgeries, the need for continuous medical education, and the growing focus on patient safety and quality of care are driving the market's growth. Additionally, the COVID-19 pandemic has further emphasized the value of virtual and remote training solutions, leading to increased adoption of simulation technology in healthcare education and training.

Market Segmentation

Insight by Product and Services

On the basis of product and services the market is subdivided into, medical simulation software, anatomical models, web-based simulation, and simulation training services. Elevated acceptance of high loyalty products, mounting primary care services, and scarcity of healthcare professionals are some of the factors responsible for the growth of the anatomical models segment. Of all the products and services, the anatomical models accounted foremost share in the healthcare simulation market.

The anatomical model segment is further subdivided into task trainers, dental simulators, patient simulators, eye simulators, task trainers, ultrasound simulators, interventional or surgical simulators, and endovascular simulators. Medical simulation software is segmented into performance recording software and virtual tutors. Moreover, simulation training services are further subdivided into vendor-based training, educational societies, and consulting & training services.

Insight by End User

On the basis of the end user, the market is subdivided into academic institutes, hospitals, military organizations, and others. Intensifying alertness concerning patient safety, mounting emphasis on reducing medical errors, and the escalating number of medical school enrollees are the factors growing the demand of healthcare/medical simulation in academic institutes. Among all end users, the academic institutes accounted for the largest share in the healthcare/medical simulation market.

Global Healthcare Simulation Market Report Coverage

Industry Dynamics

Growth Drivers

The advantages of simulation over conventional learning, increasing need for minimally invasive treatments, mounting healthcare expenditure and increasing emphasis on patient safety are the primary growth drivers for the healthcare simulation market. The demand for minimally invasive procedures is increasing in order to overcome the complications of conventional surgery such as fatigue, blood clots, infection, postoperative pain, and muscle atrophy.

Training and Education: Healthcare simulation offers a practical and hands-on approach to training healthcare professionals, allowing them to acquire and refine clinical skills in a safe environment before working with real patients. It is particularly valuable for complex procedures, rare scenarios, and emergency situations.

Patient Safety: Simulation-based training enhances patient safety by reducing medical errors and adverse events. Healthcare professionals can practice critical skills, such as diagnosing and managing emergencies, without compromising patient well-being.

Cost-effectiveness: Simulation can reduce the costs associated with training and education by minimizing the need for expensive equipment, consumables, and patient care. It also reduces the impact on patient flow in clinical settings.

Technological Advancements: Advancements in virtual reality, augmented reality, haptics, and artificial intelligence have expanded the capabilities of healthcare simulation, providing more realistic and immersive experiences.

Regulatory Requirements: Regulatory bodies and accreditation organizations often emphasize the importance of simulation-based training and competency assessment in healthcare education. This has driven the adoption of simulation technology across various healthcare disciplines.

Moreover, the swiftly progressing medical simulation market provides medical students, nurses, doctors, and other healthcare professionals with numerous simulation products and services with the imitation of reality allowing examination of promising changes, experiencing situations. The initiation of simulation in healthcare has drastically decreased the amount of deaths owing to insecure care. In addition, the performance of clinicians has enhanced with the usage of simulation techniques.

Lack of healthcare personnel, mounting pressure on educators, improving healthcare infrastructure in developing countries and budding alertness on simulation learning in developing countries are also facilitating the growth for the healthcare simulation market. Technological improvements are also driving the growth of the market. For instance, in January 2018, CAE introduced CAE LucinaAR with Microsoft HoloLens, the reality childbirth simulator with incorporated mother-baby physiology. It permits beginners to understand the anatomy within the patient simulator.

Challenges

The budgetary constraints, operational challenges and high cost of simulators are the major challenges for the growth of healthcare/medical simulation market. Moreover, disinclination to accept innovative training methods and inadequate obtainability of assets in emerging countries are also hindering the growth of the healthcare/medical simulation market.

Geographic Overview

Geographically, North America is the largest medical simulation market as in the region the number of healthcare professionals is increasing. Easiness of availability to technologies, elevated acceptance of simulation by medical universities and training centers, improved healthcare infrastructure, and entrenched distribution channels are also up surging the growth of the North American healthcare/medical simulation market.

Asia-Pacific is observed to witness the fastest growth in the market, as the region comprises of the large population base. In addition, mounting awareness on simulation learning, refining healthcare infrastructure, budding focus on the global medical simulation players, mounting healthcare expenditure and mounting emphasis on patient safety are also creating a positive impact on the healthcare/medical simulation market growth in the region.

Competitive Insight

Key players in the healthcare/medical simulation market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In May 2018, 3D Systems launched Simbionix ANGIO Tab Pro endovascular simulator for step-by-step teaching of endovascular interventions. In addition, in June 2017, CAE Healthcare introduced CAE Juno, a recently invented clinical skills manikin for nursing programs, in International Nursing Association for Clinical Simulation and Learning (INACSL) annual conference in Washington.

CAE Inc. and Laerdal Medical accounted for the major share in the market. CAE Inc., Simulab Corporation, 3D Systems Inc., Mentice AB, Gaumard Scientific Company, Simulaids Inc., Kyoto Kagaku Co., Ltd, Limbs & Things Ltd., Laerdal Medical and MedaPhor are the key players offering healthcare/medical simulation.

The Healthcare Simulation Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2023–2030.

Segments Covered in the Report

• By Product & Services
  • Medical Simulation Software
    • Performance Recording Software
    • Virtual Tutors
  • Anatomical Models
    • Patient Simulators
    • Task Trainers
    • Interventional/Surgical Simulators
    • Endovascular Simulators
    • Ultrasound Simulators
    • Dental Simulators
    • Eye Simulators
  • Web-Based Simulation
  • Simulation Training Services
    • Vendor-Based Training
    • Educational Societies
    • Consulting & Training Services
• By End User
  • Academic Institutes
  • Hospitals
  • Military Organizations
  • Others

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

PRIMARY RESEARCH INTERVIEWS - BREAKDOWN

1. Research Overview 

        1.1. The Report Offers
        1.2. Market Coverage
                1.2.1. By Product and Services
                1.2.2. By End User
                1.2.3. By Region
        1.3. Research Phases
        1.4. Limitations
        1.5. Market Size Estimations and Forecast
                1.5.1. Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2. Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3. Study Period & Data Reporting Unit

2. Executive Summary

3. Market Definition

        3.1. By Product and Services
                3.1.1. Medical Simulation Software
                        3.1.1.1. Performance Recording Software
                        3.1.1.2. Virtual Tutors 
                3.1.2. Anatomical Models 
                        3.1.2.1. Patient Simulators
                        3.1.2.2. Task Trainers
                        3.1.2.3. Interventional/Surgical Simulators
                        3.1.2.4. Endovascular Simulators
                        3.1.2.5. Ultrasound Simulators
                        3.1.2.6. Dental Simulators
                        3.1.2.7. Eye Simulators
                3.1.3. Web-Based Simulation
                3.1.4. Simulation Training Services
                        3.1.4.1. Vendor-Based Training
                        3.1.4.2. Educational Societies
                        3.1.4.3. Consulting & Training Services
        3.2. By End User
                3.2.1. Academic Institutes
                3.2.2. Hospitals
                3.2.3. Military Organizations
                3.2.4. Others

4.  Industry Overview

        4.1. Industry Dynamics
                4.1.1. Major Drivers
                4.1.2. Major Restraints
                4.1.3. Key Trends
                4.1.4. Key Opportunities
        4.2. Industry Ecosystem
                4.2.1. Porter’s Five Forces Analysis
                4.2.2. Strategic Development Analysis
        4.3. Competitive Insight
                4.3.1. Competitive Analysis of Key Players
                4.3.2. Market Attractiveness Analysis

5. Global Market Estimate and Forecast

        5.1. By Product and Services
        5.2. By End User
        5.3. By Region

6. North America Market Estimate and Forecast

        6.1. By Product and Services
        6.2. By End User
        6.3. By Country
                6.3.1. U.S. Market Estimate and Forecast
                6.3.2. Canada Market Estimate and Forecast
                6.3.3. Mexico Market Estimate and Forecast

7. Europe Market Estimate and Forecast

        7.1. By Product and Services
        7.2. By End User
        7.3. By Country
                7.3.1. Germany Market Estimate and Forecast
                7.3.2. U.K. Market Estimate and Forecast
                7.3.3. France Market Estimate and Forecast
                7.3.4. Italy Market Estimate and Forecast
                7.3.5. Spain Market Estimate and Forecast
                7.3.6. Rest of Europe Market Estimate and Forecast

8. Asia-Pacific Market Estimate and Forecast

        8.1. By Product and Services
        8.2. By End User
        8.3. By Country
                8.3.1. Japan Market Estimate and Forecast
                8.3.2. China Market Estimate and Forecast
                8.3.3. India Market Estimate and Forecast
                8.3.4. Australia Market Estimate and Forecast
                8.3.5. South Korea Market Estimate and Forecast
                8.3.6. Rest of Asia-Pacific Market Estimate and Forecast

9. Rest of the World Market Estimate and Forecast

        9.1. By Product and Services
        9.2. By End User
        9.3. By Country
                9.3.1. Brazil Market Estimate and Forecast
                9.3.2. Saudi Arabia Market Estimate and Forecast
                9.3.3. U.A.E. Market Estimate and Forecast
                9.3.4. South Africa Market Estimate and Forecast
                9.3.5. Other Countries Market Estimate and Forecast

10. Company Profiles

        10.1. CAE Inc.
                10.1.1. Snapshot
                10.1.2. Overview
                10.1.3. Offerings
                10.1.4. Financial Insight
                10.1.5. Recent Developments
        10.2. Laerdal Medical
                10.2.1. Snapshot
                10.2.2. Overview
                10.2.3. Offerings
                10.2.4. Financial Insight
                10.2.5. Recent Developments
        10.3. Simulab Corporation
                10.3.1. Snapshot
                10.3.2. Overview
                10.3.3. Offerings
                10.3.4. Financial Insight
                10.3.5. Recent Developments
        10.4. 3D Systems Inc.
                10.4.1. Snapshot
                10.4.2. Overview
                10.4.3. Offerings
                10.4.4. Financial Insight
                10.4.5. Recent Developments
        10.5. Mentice AB
                10.5.1. Snapshot
                10.5.2. Overview
                10.5.3. Offerings
                10.5.4. Financial Insight
                10.5.5. Recent Developments
        10.6. Gaumard Scientific Company
                10.6.1. Snapshot
                10.6.2. Overview
                10.6.3. Offerings
                10.6.4. Financial Insight
                10.6.5. Recent Developments
        10.7. Simulaids Inc.
                10.7.1. Snapshot
                10.7.2. Overview
                10.7.3. Offerings
                10.7.4. Financial Insight
                10.7.5. Recent Developments
        10.8. Kyoto Kagaku Co., Ltd.
                10.8.1. Snapshot
                10.8.2. Overview
                10.8.3. Offerings
                10.8.4. Financial Insight
                10.8.5. Recent Developments
        10.9. Limbs & Things Ltd.
                10.9.1. Snapshot
                10.9.2. Overview
                10.9.3. Offerings
                10.9.4. Financial Insight
                10.9.5. Recent Developments
        10.10. MedaPhor
                10.10.1. Snapshot
                10.10.2. Overview
                10.10.3. Offerings
                10.10.4. Financial Insight
                10.10.5. Recent Developments

* Financial insight, are subject to availability of information in secondary domain.

11. Appendix

        11.1. Exchange Rates
        11.2. Abbreviations

List of Tables

Table 1  Sources
Table 2  Study Periods
Table 3  Data Reporting Unit
Table 4  Global Healthcare Simulation Market Size, by Product & Services, 2018 – 2022 (USD Billion)
Table 5  Global Healthcare Simulation Market Size, by Product & Services, 2023 – 2030 (USD Billion)
Table 6  Global Medical Simulation Software Market Size, by Type, 2018 – 2022 (USD Billion)
Table 7  Global Medical Simulation Software Market Size, by Type, 2023 – 2030 (USD Billion)
Table 8  Global Anatomical Models Market Size, by Type, 2018 – 2022 (USD Billion)
Table 9  Global Anatomical Models Market Size, by Type, 2023 – 2030 (USD Billion)
Table 10  Global Simulation Training Services Market Size, by Type, 2018 – 2022 (USD Billion)
Table 11  Global Simulation Training Services Market Size, by Type, 2023 – 2030 (USD Billion)
Table 12  Global Healthcare Simulation Market Size, by End-User, 2018 – 2022 (USD Billion)
Table 13  Global Healthcare Simulation Market Size, by End-User, 2023 – 2030 (USD Billion)
Table 14  Global Healthcare Simulation Market Size, by Region, 2018 – 2022 (USD Billion)
Table 15  Global Healthcare Simulation Market Size, by Region, 2023 – 2030 (USD Billion)
Table 16  North America Healthcare Simulation Market Size, by Product & Services, 2018 – 2022 (USD Billion)
Table 17  North America Healthcare Simulation Market Size, by Product & Services, 2023 – 2030 (USD Billion)
Table 18  North America Medical Simulation Software Market Size, by Type, 2018 – 2022 (USD Billion)
Table 19  North America Medical Simulation Software Market Size, by Type, 2023 – 2030 (USD Billion)
Table 20  North America Anatomical Models Market Size, by Type, 2018 – 2022 (USD Billion)
Table 21  North America Anatomical Models Market Size, by Type, 2023 – 2030 (USD Billion)
Table 22  North America Simulation Training Services Market Size, by Type, 2018 – 2022 (USD Billion)
Table 23  North America Simulation Training Services Market Size, by Type, 2023 – 2030 (USD Billion)
Table 24  North America Healthcare Simulation Market Size, by End-User, 2018 – 2022 (USD Billion)
Table 25  North America Healthcare Simulation Market Size, by End-User, 2023 – 2030 (USD Billion)
Table 26  North America Healthcare Simulation Market Size, by Country, 2018 – 2022 (USD Billion)
Table 27  North America Healthcare Simulation Market Size, by Country, 2023 – 2030 (USD Billion)
Table 28  Europe Healthcare Simulation Market Size, by Product & Services, 2018 – 2022 (USD Billion)
Table 29  Europe Healthcare Simulation Market Size, by Product & Services, 2023 – 2030 (USD Billion)
Table 30  Europe Medical Simulation Software Market Size, by Type, 2018 – 2022 (USD Billion)
Table 31  Europe Medical Simulation Software Market Size, by Type, 2023 – 2030 (USD Billion)
Table 32  Europe Anatomical Models Market Size, by Type, 2018 – 2022 (USD Billion)
Table 33  Europe Anatomical Models Market Size, by Type, 2023 – 2030 (USD Billion)
Table 34  Europe Simulation Training Services Market Size, by Type, 2018 – 2022 (USD Billion)
Table 35  Europe Simulation Training Services Market Size, by Type, 2023 – 2030 (USD Billion)
Table 36  Europe Healthcare Simulation Market Size, by End-User, 2018 – 2022 (USD Billion)
Table 37  Europe Healthcare Simulation Market Size, by End-User, 2023 – 2030 (USD Billion)
Table 38  Europe Healthcare Simulation Market Size, by Country, 2018 – 2022 (USD Billion)
Table 39  Europe Healthcare Simulation Market Size, by Country, 2023 – 2030 (USD Billion)
Table 40  Asia-Pacific Healthcare Simulation Market Size, by Product & Services, 2018 – 2022 (USD Billion)
Table 41  Asia-Pacific Healthcare Simulation Market Size, by Product & Services, 2023 – 2030 (USD Billion)
Table 42  Asia-Pacific Medical Simulation Software Market Size, by Type, 2018 – 2022 (USD Billion)
Table 43  Asia-Pacific Medical Simulation Software Market Size, by Type, 2023 – 2030 (USD Billion)
Table 44  Asia-Pacific Anatomical Models Market Size, by Type, 2018 – 2022 (USD Billion)
Table 45  Asia-Pacific Anatomical Models Market Size, by Type, 2023 – 2030 (USD Billion)
Table 46  Asia-Pacific Simulation Training Services Market Size, by Type, 2018 – 2022 (USD Billion)
Table 47  Asia-Pacific Simulation Training Services Market Size, by Type, 2023 – 2030 (USD Billion)
Table 48  Asia-Pacific Healthcare Simulation Market Size, by End-User, 2018 – 2022 (USD Billion)
Table 49  Asia-Pacific Healthcare Simulation Market Size, by End-User, 2023 – 2030 (USD Billion)
Table 50  Asia-Pacific Healthcare Simulation Market Size, by Country, 2018 – 2022 (USD Billion)
Table 51  Asia-Pacific Healthcare Simulation Market Size, by Country, 2023 – 2030 (USD Billion)
Table 52  RoW Healthcare Simulation Market Size, by Product & Services, 2018 – 2022 (USD Billion)
Table 53  RoW Healthcare Simulation Market Size, by Product & Services, 2023 – 2030 (USD Billion)
Table 54  RoW Medical Simulation Software Market Size, by Type, 2018 – 2022 (USD Billion)
Table 55  RoW Medical Simulation Software Market Size, by Type, 2023 – 2030 (USD Billion)
Table 56  RoW Anatomical Models Market Size, by Type, 2018 – 2022 (USD Billion)
Table 57  RoW Anatomical Models Market Size, by Type, 2023 – 2030 (USD Billion)
Table 58  RoW Simulation Training Services Market Size, by Type, 2018 – 2022 (USD Billion)
Table 59  RoW Simulation Training Services Market Size, by Type, 2023 – 2030 (USD Billion)
Table 60  RoW Healthcare Simulation Market Size, by End-User, 2018 – 2022 (USD Billion)
Table 61  RoW Healthcare Simulation Market Size, by End-User, 2023 – 2030 (USD Billion)
Table 62  RoW Healthcare Simulation Market Size, by Country, 2018 – 2022 (USD Billion)
Table 63  RoW Healthcare Simulation Market Size, by Country, 2023 – 2030 (USD Billion)
Table 64  Snapshot – CAE Inc.
Table 65  Snapshot – Laerdal Medical
Table 66  Snapshot – Simulab Corporation
Table 67  Snapshot – 3D Systems Inc.
Table 68  Snapshot – Mentice AB
Table 69  Snapshot – Gaumard Scientific Company
Table 70  Snapshot – Simulaids Inc.
Table 71  Snapshot – Kyoto Kagaku Co. Ltd.
Table 72  Snapshot – Limbs & Things Ltd.
Table 73  Snapshot – MedaPhor

List of Figures

Figure 1  Market Coverage
Figure 2  Research Phases
Figure 3  Secondary Sources for Different Parameters
Figure 4  Methodology
Figure 5  Data Mining & Exploration
Figure 6  Data Triangulation
Figure 7  Assumptions for Market Estimation and Forecast
Figure 8  Executive Summary
Figure 9  Global Healthcare Simulation Market - Growth Drivers and Restraints
Figure 10  Porte’s Five Forces Analysis
Figure 11  Competitive Benchmark
Figure 12  Global Healthcare Simulation Market Highlight
Figure 13  Global Healthcare Simulation Market Size, by Product & Services, 2018 – 2030 (USD Billion)
Figure 14  Global Medical Simulation Software Market Size, by Type, 2018 – 2030 (USD Billion)
Figure 15  Global Anatomical Models Market Size, by Type, 2018 – 2030 (USD Billion)
Figure 16  Global Simulation Training Services Market Size, by Type, 2018 – 2030 (USD Billion)
Figure 17  Global Healthcare Simulation Market Size, by End-User, 2018 – 2030 (USD Billion)
Figure 18  Global Healthcare Simulation Market Size, by Region, 2018 – 2030 (USD Billion)
Figure 19  North America Healthcare Simulation Market Highlight
Figure 20  North America Healthcare Simulation Market Size, by Product & Services, 2018 – 2030 (USD Billion)
Figure 21  North America Medical Simulation Software Market Size, by Type, 2018 – 2030 (USD Billion)
Figure 22  North America Anatomical Models Market Size, by Type, 2018 – 2030 (USD Billion)
Figure 23  North America Simulation Training Services Market Size, by Type, 2018 – 2030 (USD Billion)
Figure 24  North America Healthcare Simulation Market Size, by End-User, 2018 – 2030 (USD Billion)
Figure 25  North America Healthcare Simulation Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 26  Europe Healthcare Simulation Market Highlight
Figure 27  Europe Healthcare Simulation Market Size, by Product & Services, 2018 – 2030 (USD Billion)
Figure 28  Europe Medical Simulation Software Market Size, by Type, 2018 – 2030 (USD Billion)
Figure 29  Europe Anatomical Models Market Size, by Type, 2018 – 2030 (USD Billion)
Figure 30  Europe Simulation Training Services Market Size, by Type, 2018 – 2030 (USD Billion)
Figure 31  Europe Healthcare Simulation Market Size, by End-User, 2018 – 2030 (USD Billion)
Figure 32  Europe Healthcare Simulation Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 33  Asia-Pacific Healthcare Simulation Market Highlight
Figure 34  Asia-Pacific Healthcare Simulation Market Size, by Product & Services, 2018 – 2030 (USD Billion)
Figure 35  Asia-Pacific Medical Simulation Software Market Size, by Type, 2018 – 2030 (USD Billion)
Figure 36  Asia-Pacific Anatomical Models Market Size, by Type, 2018 – 2030 (USD Billion)
Figure 37  Asia-Pacific Simulation Training Services Market Size, by Type, 2018 – 2030 (USD Billion)
Figure 38  Asia-Pacific Healthcare Simulation Market Size, by End-User, 2018 – 2030 (USD Billion)
Figure 39  Asia-Pacific Healthcare Simulation Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 40  RoW Healthcare Simulation Market Highlight
Figure 41  RoW Healthcare Simulation Market Size, by Product & Services, 2018 – 2030 (USD Billion)
Figure 42  RoW Medical Simulation Software Market Size, by Type, 2018 – 2030 (USD Billion)
Figure 43  RoW Anatomical Models Market Size, by Type, 2018 – 2030 (USD Billion)
Figure 44  RoW Simulation Training Services Market Size, by Type, 2018 – 2030 (USD Billion)
Figure 45  RoW Healthcare Simulation Market Size, by End-User, 2018 – 2030 (USD Billion)
Figure 46  RoW Healthcare Simulation Market Size, by Country, 2018 – 2030 (USD Billion)