Medical simulation Market worth $2,069.2 Million by 2019 - New Research Report by MarketsandMarkets
(PRWEB) November 24, 2014 -- According to research report the “Medical Simulation Market by Product (Patient Simulator, Surgical Simulator, Web-based simulation, Simulation Software, Dental Simulator, Eye Simulator), End-User (Academics, Hospitals, Military) & by Services - Global Forecast to 2019” analyzes and studies the major market drivers, restraints, opportunities, challenges, and burning issues in North America, Europe, Asia-Pacific, and the Rest of the World.
Browse 173 market data tables and 31 figures spread through 250 pages and in-depth TOC on "Medical Simulation Market"
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In this report, the healthcare/medical simulation market is segmented on the basis of different types of products and services, end users, and regions. The global healthcare/medical simulation market is expected to reach $2,069.2 million by 2019 from $863.5 million in 2014 and, at a CAGR of 19.1% from 2014 to 2019.This report also discusses the key market drivers, restraints, opportunities, and challenges for this market and its submarkets.
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Patient simulators are programmed to model a wide range of physiological, pharmacological, and pathological conditions. They are full-scale, completely interactive simulators integrated with software designed to train healthcare practitioners. Patient simulators can be programmed to replicate normal and abnormal bodily responses to asthma attacks or any other major trauma. Organs and body parts of certain simulators, such as heart, lungs, blood vessels, and gastrointestinal tract can be programmed to react to any number of human interventions.
Patient simulators are very helpful in developing and rehearsing skills needed to increase proficiency of healthcare practitioners. The ability of these simulators to contribute high degrees of realism (fidelity) appeals to health educators, and the application of theoretical knowledge on these simulators provide requisite skills to minimize errors in realistic clinical environment. Thus, there is growing demand from medical practitioners for patient simulators for enhancing primary care as well as advanced care treatments.
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Patient simulators accounted for around 30% of the global healthcare/medical simulation market in 2013. This segment is expected to grow at the fastest CAGR of around 19% during the forecast period of 2014 to 2019. The high growth is mainly attributed to the rising demand for primary care services from normal physical examination to complex trauma cases. Moreover, there will be significant shortage of primary care physicians (PCPs).
The global healthcare/medical simulation market is fragmented with the presence of many small local players operating in their respective market segments and other major global players. Laerdal Medical AS (Norway) and CAE, Inc. (Canada) lead the global healthcare/medical simulation market. Some of the other leading players in the global healthcare/medical simulation market are 3D Systems, Inc. (U.S.), Simulab Corporation (U.S.), Simulaids, Inc. (U.S.), Limbs and Things, Ltd (U.K.), Kyoto Kagaku Co., Ltd (Japan), Mentice AB (Sweden), Surgical Science Sweden AB (Sweden), and Gaumard Scientific Company, Inc. (U.S.).
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