BANGALORE, India, Sept. 11, 2020
BANGALORE, India, Sept. 11, 2020 /PRNewswire/ -- The global medical simulation market size was valued at USD 1,421.1 Million in 2019 and is projected to reach USD 3,190.2 Million by 2027, growing at a CAGR of 14.6% from 2020 to 2027.
Major factors driving the Medical Simulation Market size's growth are increased use of simulation in healthcare, a rise in deaths due to medical errors, and the need for improved outcomes for patient safety.
The report provides an in-depth analysis of the global medical simulation market size and the current trends and future estimations to elucidate the imminent investment pockets.
TRENDS INFLUENCING THE MEDICAL SIMULATION MARKET SIZE
MEDICAL SIMULATION MARKET SHARE ANALYSIS
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TOP COMPANIES IN THE MEDICAL SIMULATION MARKET
The medical simulation market is highly fragmented, with major players dominating the market. The top companies in the medical simulation market include Laerdal Medical AS, CAE, Inc., 3D Systems, Inc., Simulab Corporation, Simulaids, Inc., Limbs and Things, Ltd., Kyoto Kagaku Co. Ltd., Mentice AB, Surgical Science Sweden AB, and Gaumard Scientific Company, Inc.
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MEDICAL SIMULATION KEY MARKET SEGMENTS:
By Product & Service
By End User
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The global simulation software market was valued at USD 5,135 Million in 2017 and is projected to reach USD 10,029 Million by 2025, growing at a CAGR of 8.90% from 2018 to 2025.
Increasing demand for an environmentally friendly work environment, testing different designs before building one in hardware, increasing the use of simulation software in the automotive and healthcare industries, and significant simulation adoption among aerospace & defense are some of the major factors driving the growth of the global simulation software market size.
The global Healthcare and Medical Simulation market size are projected to reach USD 2526 Million by 2026, from USD 1144.8 Million in 2020, at a CAGR of 14.1% during 2021-2026.
The most proportion of Healthcare and Medical Simulation is used in medical college, and the consumption proportion was about 48% in 2017.
The global Robotics Surgical Simulation Systems market size is projected to reach USD 589.2 Million by 2026, from USD 266.7 Million in 2020, at a CAGR of 14.1% during 2021-2026.
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