The global medical simulation market is growing at a considerable CAGR of 13.3% during the forecast period (2021-2027). The factors that augment the growth of the market include a rise in the number of healthcare workers, an increase in demand for a user-friendly interface, an increase in n demand for minimally invasive treatment procedures, and training of complex cases. Moreover, the need to increase patient safety and reduce medical errors is also estimated as one of the major factors. For instance, as per the analysis of NCBI, every year around 250,000 deaths occur due to medical error. According to the analysis of The Johns Hopkins University, deaths due to medical error are estimated to be the third leading cause of death, behind cancer and cardiovascular disease. The need for tackling these unnecessary death rates is further surged up the demand for medical simulations to assist, doctors, nurses, surgeons, or any other healthcare worker to understand the procedures.

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The global medical simulation market is hardly hit by the COVID-19 pandemic since December 2019. The outbreak of COVID-19 in the major economies disrupted medical education across the globe. This led to the most number of students being physically distant from classrooms and leading to cancellation lectures. However, as the number of cases got high with time, there were many new enrollments in the medical staff to reduce the effects of the pandemic and treat patients. For instance, in March 2020, Oxford Medical Simulation announced the offering of online VR training to assist medical facilities to reduce the burden. The facilities were provided for free countries the UK, Canada, and the US so retired doctors and nurses can get back up to speed on patient care quickly. Moreover, organizations like The International Nursing Association of Clinical Simulation and Learning (INACSL) and the Society for Simulation in Healthcare (SSH) supported the use of virtual simulation as a replacement clinical hours for students who were enrolled during the current public health crisis caused by COVID-19.

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The global medical simulation market is analyzed based on the geographical regions that are contributing significantly towards the growth of the market. Based on the geography, the market is segmented into North America (the US and Canada), Europe (Germany, Spain, Italy, France, the UK, and the Rest of Europe), Asia-Pacific (India, China, Japan South Korea, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East and Africa, and Latin America). North America is estimated to have one of the largest shares in the global medical simulation market. Increasing demand for hands-on training from rapidly increasing healthcare professionals, the presence of major players in the market, and advancement in technology are some of the factors that fuel the growth of the market in the North American region. Europe is also estimated to have a significant share in the market due to the presence of high healthcare workers in the region. According to the estimation of the World Health Organization (WHO), there are around 42 doctors per 10 000 population in the European region which is the highest when compared to the other continents.

Global Medical Simulation Market – Segmentation
by Product & Service
Web-Based Simulation
Simulation Software
Performance Recording Software
Virtual Tours
Model-Based Simulation
Patient Simulators
Ultrasound Simulators
Surgical Simulators
Endovascular Simulators
Others (Dental Simulators and Eye Simulators)
Simulation Training Services
Vendor-Based Training
Educational Societies
Custom Consulting & Training Services
by Technology
Low Fidelity Simulators
Medium Fidelity Simulators
High Fidelity Simulators
by End Users
Academic Institutes & Research Centers
Hospitals

Global Medical Simulation Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
3B Scientific GmbH
3-Dmed
Adam, Rouilly Ltd.
Anesoft Corp.
Altay Scientific Group Srl
Charles River Analytics, Inc.
Education Management Solutions, LLC
EMD Services Ltd.
FlexSim Software Products, Inc.
Gaumard Scientific Co., Inc.
IngMar Medical, LLC
NAR Training, LLC
KaVo Dental GmbH
Limbs & Things, Ltd.
Intelligent Ultrasound Group
MEDICAL-X
Minerva Medical Simulation Inc.
Moog Inc.
Simendo B.V.
Simulaids Ltd.
SimX, Inc.
Surgical Science Sweden AB
TruCorp Ltd.

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