The Insight Partners published a new report, titled, “Patient Simulators Market”. The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage.
The COVID-19 outbreak is currently going the world over, the Patient Simulators market report covers the impact of the corona-virus on top company’s growth. This research report categorizes as the key players in the Hot Patient Simulators market and also gives a comprehensive study of Covid-19 impact analysis of the market by regions like (Americas, Europe APAC, and EMEA).
The Global Patient Simulators Market is expected to reach US$ 2,373.1 Mn in 2025 from US$ 694.6 in 2017. The market is estimated to grow with a CAGR of 16.8% from 2018-2025.
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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 16.8% during the forecast period, 2018 to 2025.
The List of Companies:
- Laerdal Medical
- 3D Systems, Inc.
- Gaumard Scientific
- Kyoto Kagaku Co., Ltd.
- Simulab Corporation
- Surgical Science
- Mentice AB
- Limbs & Things Ltd.
The market for global patient simulators is expected to grow as increasing demand for minimally invasive treatment methods, growing technological advancement and rising focus on patient safety in the market. Additionally, the future trend such as virtual reality and augmented reality in patient simulators in the patient simulators market is expected to increase in the forecast period.
Product launch/update and agreements & collaborations were observed as the most adopted strategy in global patient simulator industry. Few of the product launches and agreements made by the players in the market are listed below:
2018: 3D Systems launched Simbionix ARTHRO Mentor Express training simulator which designed to help medical professionals learn and perfect surgical procedures for knees, shoulders and hips on a portable and affordable tabletop platform.
2016: CAE Healthcare and the American Society of Anesthesiologists (ASA), together signed a collaborative agreement to design and develop an interactive screen-based simulation product.
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