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DUBLIN--(BUSINESS WIRE)--Nov 30, 2022--
The "Healthcare/Medical Simulation Global Market Opportunities And Strategies To 2031" report has been added to ResearchAndMarkets.com's offering.
The global healthcare/medical simulation market reached a value of nearly $1,708.12 million in 2021, having grown at a compound annual growth rate (CAGR) of 7.97% since 2016. The market is expected to grow from $1,708.12 million in 2021 to $3,576.78 million in 2026 at a rate of 15.93%. The market is then expected to grow at a CAGR of 14.96% from 2026 and reach $7,181.76 million in 2031.
Growth in the historic period resulted from rising demand for minimally invasive surgical procedures, growing use of advanced methods and approaches for providing medical education, increase in mortality as a result of medical mistakes, and increasing demand for virtual training interaction due to the covid-19 pandemic. Factors that negatively affected growth in the historic period were limited availability of funding and lack of awareness.
Going forward, product launches and innovations, technology advancements in medical field, limited access to patients during medical training and increasing demand for minimally invasive treatments will drive the growth. Factors that could hinder the growth of the healthcare/medical simulation market in the future include lack of dedicated simulation operations specialists and the expensive cost of medical simulation.
The top opportunities in the healthcare/medical simulation market segmented by product and service will arise in the healthcare anatomical models segment, which will gain $979.69 million of global annual sales by 2026. The top opportunities in the healthcare/medical simulation market segmented by end-user will arise in the academic institutes segment, which will gain $824.85 million of global annual sales by 2026. The top opportunities in the healthcare/medical simulation market segmented by technology will arise in the high-fidelity simulators segment, which will gain $818.78 million of global annual sales by 2026. The healthcare/medical simulation market size will gain the most in the USA at $608.30 million.
Market-trend-based strategies for the healthcare/medical simulation market include product innovation, development of advanced procedure simulators, increasing usage of augmented reality, proliferation of 3D printing technology and an increase in acquisition activity.
Player-adopted strategies in the healthcare/medical simulation market include expanding product portfolio and business through strategic acquisition, collaboration and partnerships and strengthening business position through new product launches.
Scope
Markets Covered:
Key Topics Covered:
1. Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction and Market Characteristics
7. Major Market Trends
8. Global Market Size And Growth
9. Global Market Segmentation
10. Global Market Regional And Country Analysis
11. Asia-Pacific Market
12. Western Europe Market
13. Eastern Europe Market
14. North America Market
15. South America Market
16. Middle East Market
17. Africa Market
18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. Healthcare/Medical Simulation Market, Conclusions And Recommendations
22. Appendix
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/g2369j
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SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/30/2022 06:51 AM/DISC: 11/30/2022 06:51 AM
http://www.businesswire.com/news/home/20221130005619/en