The Healthcare Simulation Market is segmented by Product Type (Patient Simulator [Low Fidelity, Medium Fidelity, and High Fidelity], Surgical Simulator [Technology-Based, Web-Based, and Computer-Based], and Ultrasound Simulator [Technology-Based, Web-Based, and Computer-Based]), End-Use Type (Academic & Research Institute, Hospitals, and Ambulances), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).

What is healthcare simulation?

Healthcare simulation is a modern way to train healthcare professionals through the use of cutting-edge educational technology. It's an artificial model that encompasses different man-made models to attain educational objectives through hands-on learning. The propelling factors for the market growth of healthcare simulation include continuous technological advancements, increasing concerns over patient safety, and increasing demand for minimally invasive treatments.

Segment Analysis

Product Trends

The market has been segmented as patient simulators, surgical simulators, and ultrasound simulators. Patient simulators are further segmented as high fidelity, medium-fidelity, and low fidelity patient simulators. Patient simulators occupied the major market share of more than 65% in 2020, followed by surgical simulators and ultrasound simulators.

Both, surgical and ultrasound simulators are further segmented into technology-based, web-based, and computer-based simulators. Among these additional classifications of simulators, the technology-based surgical and ultrasound simulators accounted for the dominant market shares.

End-Use Trends

The market is segmented by hospitals, academic & research institutes, and ambulances. Among these segments, the academic & research institute segment owned the major market share of more than 70% in 2020, followed by hospitals and ambulances.

Regional Insights

North America is expected to remain the largest market share for healthcare simulation and it holds a revenue share of more than 50% in 2020. This region has the presence of a large number of major players such as CAE Inc., Laerdal Medical, Gaumard Scientific Company, and Nasco HealthCare, making the region the growth engine of the global healthcare simulation market. Most of the healthcare simulation providers have their presence in the region to address the requirements of the academic & research institutes and hospitals. Europe and Asia-Pacific are also likely to create sizeable opportunities in the coming five years, driven by an expected rebound in healthcare simulator demand coupled with a paradigm shift from medical mannequins to high-fidelity simulators.

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