Medical Simulation Market Growth Accelerated by Advancement in Virtual Reality and Augmented Reality
Medical simulation involves the creation of scenarios for medical professionals to practice their skills in a risk-free environment before attempting the same on real patients. It incorporates the use of mannequins, virtual reality, augmented reality and various other medical tools and equipment to realistically replicate actual medical procedures, situations and environments. This helps healthcare professionals to fine tune their technical, decision-making and interpersonal skills without the risk of harming real patients.
Market key trends:
Advancement in virtual reality (VR) and augmented reality (AR) is one of the major trends driving the growth of the medical simulation market. VR and AR technologies enable medical professionals to practice complicated surgical procedures in a realistic simulated 3D environment. This helps them gain hands-on experience of operating intricate anatomical parts without exposing real patients to any risks. Leading manufacturers are increasingly focusing on developing highly sophisticated and accurate VR and AR based simulators to mimic real-life situations. For instance, CAE Healthcare has launched EchoVr virtual reality simulator that allows ultrasound guided procedures training in various clinical applications such as vascular access, joint injections and more. Growing adoption of such advanced VR and AR technologies is expected to boost the demand for medical simulation solutions during the forecast period.
Segment Analysis
The global medical simulation market can be segmented based on product & services, end user and geography. Based on product & services, the market is sub segmented into healthcare simulation anatomical models, web-based simulation, simulation training services, simulation tracking and virtual tutors. Among these, the anatomical models sub segment dominates other owing to its widespread adoption in medical training to teach complex physiological structures and systems in a hands on learning environment.
Key Takeaways
The Global Medical Simulation Market Size is expected to witness high growth over the forecast period of 2023 to 2030.
Regional analysis: North America remains the largest as well as the fastest growing regional market due to technological advancements and increasing R&D investments. Europe stands as the second largest region driven by supportive regulatory framework and funding for medical training.
Key players operating in the medical simulation market are Laerdal Medical AS, Gaumard Scientific Co., 3D Systems, Anthropic, VirtaMed AG, Surgical Science Sweden AB, Operative Experience, Inc., Cardinal Health, MEDICAL-X, DuPont. The market is witnessing aumentation of mergers and acquisitions among key players to strengthen their market positon. For instance, in 2021, 3D Systems acquired Omicron to expand its simulation offerings across healthcare vertical.
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