Medical Simulation Market Size Worth $5.25 Billion by 2026: Grand View Research, Inc.

Medical Simulation Market Size Worth $5.25 Billion by 2026: Grand View Research, Inc.

PR Newswire

SAN FRANCISCO, December 6, 2018

SAN FRANCISCO, December 6, 2018 /PRNewswire/ --

The global healthcare/medical simulation market size is estimated to reach USD 5.25 billion by 2026, according to a new report by Grand View Research, Inc., rising at a CAGR of 16.3% during the forecast period. Rapid technological advancements, spiraling demand for minimally invasive treatment procedures, and increasing focus on patient safety are providing a fillip to the market.

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Patient safety is one of the rising concerns in the healthcare industry due to increasing death rate from medical errors. For instance, as per a study published in 2016 by patient safety researchers in the British Medical Journal, medical errors in hospitals and other healthcare facilities are reported to be the 3rd leading cause of deaths in the U.S. Simulation provides opportunity to sharpen skills and develop expertise for safe and reliable system performance. High risk situations in military and aviation operations require specialized and polished skills for handling emergency situations. Thus, simulated settings help practitioners learn from mistakes by avoiding harm caused to patients. Therefore, growing focus on patient safety is expected to drive the healthcare simulation market.

Moreover, simulation-based medical learning and training can be valuable in clinical practice. These processes and systems can offer safe and controlled circumstances in which a problem-based learning is encouraged. Such factors are anticipated to bolster the growth of the market.

Browse full research report with TOC on "Healthcare/Medical Simulation Market Size, Share & Trends Analysis Report By End Use, By Products & Services (Anatomical Models, Web-based Simulators, Simulation Software), and Segment Forecasts, 2018 - 2026" at: https://www.grandviewresearch.com/industry-analysis/medical-healthcare-simulation-market

Further Key Findings From the Report Suggest: 

Browse related reports by Grand View Research: 

Grand View Research has segmented the global medical simulation market report on the basis of products & services, end-use, and region: 

Healthcare/Medical Simulation Products & Services Outlook (Revenue, USD Million, 2014 - 2026) 

Healthcare/Medical Simulation End-use Outlook (Revenue, USD Million, 2014 - 2026) 

Healthcare/Medical Simulation Regional Outlook (Revenue, USD Million, 2014 - 2026) 

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About Grand View Research 

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Contact:
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Grand View Research, Inc.
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com


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