Patient Simulators Market Will Soar to US$ 2,373.1 Mn in 2025 with CAGR of 16.8%

The global patient simulators market is expected to reach US$ 2,373.1 Mn in 2025 from US$ 694.6 Mn in 2017. The global patient simulators market is estimated to grow with a CAGR of 16.8% from 2018-2025.

The increasing demand for minimally invasive treatment methods have also increased the use of patient simulators for performing the surgery. The complex treatment of the cardiovascular diseases are made easier with the help of simulators. The system can generate realistic 3D vascular models segmented from patient datasets, which include a beating heart, and deliver a real-time computation of force and force feedback module for patient simulators. Factors such as high cost of patient simulators is the major challenge of the patient simulators market. Costs associated with the use of medium- and high-fidelity manikins were calculated to determine the total cost for each. For instance, 3B Scientific Patient Care Manikin BASIC, for simulation in healthcare was developed for scenario-based training of basic patient care and nursing skills. The simulator costs approximately US$ 2700.

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However, virtual reality and augmented reality in patient simulators is the trend during recent years. Virtual reality simulator is the type of simulator used in endoscopy and bronchoscopy skills training. The learners are able to practice lower and upper gastrointestinal flexible endoscopy and bronchoscopy. With the help of virtual reality patients, the simulator gives haptic and audio feedback. They also allow learners to practice a variety of laparoscopic techniques which include cutting, clipping, knot-tying, and camera navigation.

Global patient simulators market, based on the product was segmented into adult patient simulator, infant simulator, and childbirth simulator. In 2017, the adult patient simulator segment held a largest market share of 50.3% of the patient simulators, by product. This segment is also expected to dominate the market in 2025. The growth of the market is primarily attributed to the use of adult patient simulators in various training programs across the globe and also the segment is expected to grow with the fastest growth rate of 17.3% during the forecast period, 2018 to 2025.

Global patient simulators market, based on end user was segmented into academic institutes, hospitals, and military organizations. In 2017, the academic institutes segment is expected to dominate the market based on the end user contributing a share of 41.9%. This is primarily attributed to rising training programs in the academic institutes using simulators. Moreover, academic institutes segment is anticipated to grow at a fastest growth rate of 16.9% during the forecast period.

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The reports cover key developments in the Patient Simulators market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Patient Simulators market are anticipated to lucrative growth opportunities in the future with the rising demand for Patient Simulators in the global market. Below mentioned is the list of few companies engaged in the Patient Simulators market.

The List of Companies 

1. CAE
2. Laerdal Medical
3. 3D Systems, Inc.
4. Gaumard Scientific
5. Kyoto Kagaku Co., Ltd.
6. Simulab Corporation
7. Simulaids
8. Surgical Science
9. Mentice AB
10. Limbs & Things LTD

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Posted by on Tuesday March 26 2019, 12:02 AM EDT. All trademarks acknowledged. Filed under Biotechnology, Diagnostics, Featured Press Release, Healthcare, Life Sciences, Medical Devices, Pharmaceuticals. Comments and Trackbacks closed. Follow responses: RSS 2.0

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