Medical simulation market is estimated to be over US$ 1,400 Mn in 2018. It is anticipated to grow at a CAGR of 14.4% from 2019 to 2030.
The continual growth of the medical simulation market can be attributed to several factors which have led to wide-scale adoption of these products. These medical simulation products are extensively used for increasing focus on patient safety. As there is an increasing demand for minimally invasive procedures, it is anticipated to further contribute to the substantial growth of the global medical simulation market between 2019 and 2030. To obtain better insights regarding the market scenario, prominent players are increasingly focusing on innovation and advancements in technologies. For instance, American Society of Anesthesiologists and CAE healthcare launched first-of-its-kind interactive simulation product called Anesthesia SimSTAT. However, the high cost of medical simulators can hamper the growth of the overall market.
Major Key Players of the Medical Simulation Market are:
CAE Inc., 3D Systems Inc., Laerdal Medical AS, Guamard Scientific, Mentice AB, Limbs & Things Ltd., Simulaids Inc., Simulab Corporation, Kyoto Kagaku Co. Ltd., and Surgical Science Sweden AB among others.
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