The global patient simulator market size was valued at USD 1.0 billion in 2020, and is projected to reach USD 1.9 billion by 2026, witnessing a market growth CAGR of 11.3% from 2021 to 2026, according to an analysis by Stratview Research.
Stratview Research, a global market research firm has launched a report on the global patient simulator market which provides a comprehensive outlook of the global and regional industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
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Market Statistics
Market Size in 2020: USD 1.0 billion
Market Size in 2026: USD 1.9 billion
Growth (CAGR): 11.3% during 2021-2026
Leading Intensity Type: Low fidelity
Leading End-Use Type: The Academic s and research institute
Leading Region: North America
Forecast Period: 2016-2020
Trend Period: 2019-2023
Base Year: 2021
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights & Market Share Analysis of the Patient Simulator Market:
The global patient simulator market is segmented based on intensity type, end-use type and region.
Based on Intensity type –
- The patient simulator market is segmented into high-fidelity, medium-fidelity, and low-fidelity patient simulators. Low-fidelity simulators are expected to be the dominant segment of the market, and they will hold a revenue share of more than 70% in 2020.
- The degree to which the manikins can reproduce certain human physiological activities is determined by the level of faithfulness. Low-fidelity patient simulators, also known as task trainers, are simple models that are used for repetitive task training such as inserting urinary catheters or beginning IVs. Learners can practice suturing and changing dressings on simple silicon wound models.
- Similarly, the manikins for basic cardiopulmonary resuscitation are widely used to teach professionals and the public how to conduct chest compressions and rescue breathing (CPR training). Manikins with a medium level of realism are more complicated.
- To name a few features, high-fidelity manikins have rising and falling chests, changing respiration rates, audible chest noises, palpable pulses, audible cardiac sounds, normal and pathological cardiac rhythms including asystole, and bowel sounds. They could cry, constrict their pupils, shake as if having a seizure, and talk.
Based on the End-Use type -
- The market is segmented into academic & research institutes, hospitals, and ambulances. The academics and research institute segment is expected to be the dominant segment of the market it held a revenue share of more than 70% in 2020 and is predicted to lead market growth in the foreseen future.
- This is primarily due to the increased use of simulators in the training programs at academic institutes. The segment is subjected to growth at an impressive CAGR of 11.4% during 2021-2026.
To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
"North America accounted for the largest market share of more than 50% in 2020"
- North America is expected to remain the largest market, and it will hold a revenue share of more than 50% in 2020
- This region has the presence of many major players such as CAE Inc., Laerdal Medical, Gaumard Scientific Company, and Nasco HealthCare, making the region the growth engine of the global patient simulation market. Most of the healthcare simulation providers have their presence in the region to address the requirements of academic & research institutes and hospitals.
Patient Simulator Market Drivers:
Some of the key drivers listed in the report are given below.
- Digital Transformation- The adoption of simulation technology into health education is highly influencing the Patient Simulator Market. The National Health Service (NHS) states that digital transformation is vital in enhancing every aspect of the healthcare service, including education and training.
- Rising demand for no-risk training experience from Institutions - Institutions are increasingly adopting simulation technologies due to their easy, hands-on and no-risk training experience. For instance, in September 2024, St. John's University invested $106 million in the St. Vincent's Health Sciences Center, to emphasize training through simulation-based learning.
- Technological Advancements- Advancements in technology including artificial intelligence (AI), virtual reality (VR), augmented reality (AR), and haptic feedback have enhanced the realism and effectiveness of patient simulation systems and driving growth in the patient simulator market. For instance, Laerdal's SimMan 3G PLUS allows trainers to modify scenarios to meet specific educational needs. AI integrated systems allow real-time monitoring that further improves learning outcomes.
Competitive Landscape: Top Companies in the Patient Simulator Market:
The following are the key players in the patient simulator market:
Note: The above list does not necessarily include all the top players in the market.
What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the market, answering critical questions like
- How big is the sales opportunity?
- Which regions offer the best sales opportunities?
- Which are the most attractive market segments?
- Which are the top players and their market positioning?
- How complex is the business environment?
- What are the factors affecting the market?
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