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Major Growth Expected in Patient Simulators Market | Projected to Grow at a CAGR of 16.8% to Reach US$ 2,373.1 Mn | Industry Forecast by 2025

The report on “Patient Simulators Market” will help Major Players and the new entrants to understand scrutinize the market in detail. This information will encourage the Major Players to decide their business strategy and achieve proposed business aims.

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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Companies Covered in this Report are:

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

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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Table of Contents:

1. INTRODUCTION
1.1 SCOPE OF THE STUDY
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE

2. GLOBAL PATIENT SIMULATORS MARKET – KEY TAKEAWAYS

3. GLOBAL PATIENT SIMULATORS MARKET – MARKET LANDSCAPE
3.1 OVERVIEW
3.2 MARKET SEGMENTATION
3.2.1 Global Patient Simulators Market– By Product
3.2.2 Global Patient Simulators Market – By End User
3.2.3 Global Patient Simulators market – By Geography
3.3 PEST ANALYSIS
3.3.1 North America – PEST Analysis
3.3.2 Europe – PEST Analysis
3.3.3 Asia Pacific– PEST Analysis
3.3.4 Middle East and Africa (MEA) – PEST Analysis
3.3.5 South and Central America – PEST Analysis

4. GLOBAL PATIENT SIMULATORS MARKET – KEY MARKET DYNAMICS
4.1 KEY MARKET DRIVERS
4.1.1 Increasing Demand for Minimally Invasive Treatment Methods
4.1.2 Growing Technological Advancement
4.1.3 Rising Focus on Patient Safety
4.2 KEY MARKET CHALLENGE
4.2.1 High Cost of Patient Simulators
4.3 KEY MARKET OPPORTUNITY
4.3.1 Growth Potential in Emerging Markets
4.4 FUTURE TREND
4.4.1 Virtual Reality and Augmented Reality in Patient Simulators
4.5 IMPACT ANALYSIS

5. PATIENT SIMULATORS MARKET – GLOBAL ANALYSIS
5.1 GLOBAL PATIENT SIMULATORS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN)
5.2 GLOBAL PATIENT SIMULATORS MARKET, BY GEOGRAPHY – FORECASTS AND ANALYSIS
5.3 PERFORMANCE OF KEY PLAYERS
5.3.1 Product Matrix
5.4 EXPERT OPINIONS

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