Global Healthcare/Medical Simulation Market is Set to Reach USD 5.5 Billion by 2030, Growing at a CAGR of 16.2% During the Forecast Period 2025 - 2030

Published Date: Mar, 2024

The global healthcare simulation market is expected to reach USD 5.5 billion by 2030, growing at a CAGR of 16.2% during the forecast period. The market is driven by factors such advantages of simulation over conventional learning, the increasing need for minimally invasive treatments, mounting healthcare expenditure, and increasing emphasis on patient safety.

Increasing demand for minimally invasive procedures to fuel the growth of the global healthcare simulation market

The demand for minimally invasive procedures is increasing to overcome the complications of conventional surgery such as fatigue, blood clots, infection, postoperative pain, and muscle atrophy. The advantages of minimally invasive surgeries above traditional open surgeries, technological advancement, expanding the geriatric population, the mounting occurrence of lifestyle-associated diseases, and reduction in healthcare cost and time are the primary reasons leading to the demand for minimally invasive surgeries, which in turn fuels the growth of the healthcare simulation market, globally.

Moreover, the swiftly progressing medical simulation market provides medical students, nurses, doctors, and other healthcare professionals with numerous simulation products and services with the imitation of reality allowing examination of promising changes and experiencing situations. The initiation of simulation in healthcare has drastically decreased the number of deaths owing to insecure care. In addition, the performance of clinicians has enhanced with the usage of simulation techniques.

Global Healthcare Simulation Market Segmentation and Key Players

Segment / Key Players

Categorization

Product & Services

Medical Simulation Software (Performance Recording Software, Virtual Tutors), Anatomical Models (Patient Simulators, Task Trainers, Interventional/Surgical Simulators, Endovascular Simulators, Ultrasound Simulators, Dental Simulators, Eye Simulators), Web-Based Simulation, Simulation Training Services (Vendor-Based Training, Educational Societies, Consulting & Training Services)

End User

Academic Institutes, Hospitals, Military Organizations, Others

Key Players

CAE Inc., Simulab Corporation, 3D Systems Inc., Mentice AB, Gaumard Scientific Company, Simulaids Inc., Kyoto Kagaku Co., Ltd, Limbs & Things Ltd., Laerdal Medical and MedaPhor

Browse Market Insight and In-depth TOC on "Global Healthcare Simulation Market – Analysis and Forecast (2025-2030)"

Technological advancements are also driving the growth of the market. Implementation of artificial intelligence in healthcare simulation will lead to the development of advanced healthcare simulation products and services. Different companies are launching new products to retain and grow their market share. In January 2018, CAE introduced CAE LucinaAR with Microsoft HoloLens, the reality childbirth simulator with incorporated mother-baby physiology. It permits beginners to understand the anatomy within the patient simulator.

Anatomical models accounted foremost share of the healthcare simulation market

Based on products and services, the market is subdivided into, medical simulation software, anatomical models, web-based simulation, and simulation training services. Elevated acceptance of high-loyalty products, mounting primary care services, and scarcity of healthcare professionals are some of the factors responsible for the growth of the anatomical model segment. Of all the products and services, the anatomical models accounted foremost share in the healthcare simulation market.

The anatomical model segment is further subdivided into task trainers, dental simulators, patient simulators, eye simulators, task trainers, ultrasound simulators, interventional/surgical simulators, and endovascular simulators. Medical simulation software is segmented into performance recording software and virtual tutors. Moreover, simulation training services are further subdivided into vendor-based training, educational societies, and consulting & training services.

Based on the end user, the market is subdivided into academic institutes, hospitals, military organizations, and others. Intensifying alertness concerning patient safety, mounting emphasis on reducing medical errors, and the escalating number of medical school enrollees are the factors growing the demand for healthcare/medical simulation in academic institutes. Among all end users, the academic institutes accounted for the largest share in the healthcare/medical simulation market.

North America to remain the largest market for healthcare simulation products and services

North America accounted for the major share in the healthcare simulation industry in 2017, globally as in the region the number of healthcare professionals is increasing. Easiness of availability to technologies, elevated acceptance of simulation by medical universities and training centers, improved healthcare infrastructure, and entrenched distribution channels are also up surging the growth of the North American healthcare/medical simulation market.

Asia-Pacific is observed to witness the fastest growth in the market, as the region comprises a large population base. In addition, mounting awareness of simulation learning, refining healthcare infrastructure, budding focus on the global medical simulation players, mounting healthcare expenditure, and mounting emphasis on patient safety are also creating a positive impact on the healthcare/medical simulation market growth in the region.

The development of technologically advanced products is the key to market share growth by industry players

Key players in the healthcare simulation market are catering to the demand for these devices by investing in technologically advanced products in their product portfolios across the globe. In May 2018, 3D Systems launched the Simbionix ANGIO Tab Pro endovascular simulator for step-by-step teaching of endovascular interventions. In addition, in June 2017, CAE Healthcare introduced CAE Juno, a recently invented clinical skills manikin for nursing programs, in International Nursing Association for Clinical Simulation and Learning (INACSL) annual conference in Washington.

CAE Inc. and Laerdal Medical accounted for the major share of the market. CAE Inc., Simulab Corporation, 3D Systems Inc., Mentice AB, Gaumard Scientific Company, Simulaids Inc., Kyoto Kagaku Co., Ltd, Limbs & Things Ltd., Laerdal Medical and MedaPhor are the key players offering healthcare/medical simulation.

Global Healthcare Simulation Market Coverage

Product & Services Insight and Forecast 2025-2030

  • Medical Simulation Software
    • Performance Recording Software
    • Virtual Tutors
  • Anatomical Models
    • Patient Simulators
    • Task Trainers
    • Interventional/Surgical Simulators
    • Endovascular Simulators
    • Ultrasound Simulators
    • Dental Simulators
    • Eye Simulators
  • Web-Based Simulation
  • Simulation Training Services
    • Vendor-Based Training
    • Educational Societies
    • Consulting & Training Services

End-User Insight and Forecast 2025-2030

  • Academic Institutes
  • Hospitals
  • Military Organizations
  • Others

Geographical Segmentation

Healthcare Simulation Market by Region

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Rest of the World

  • Brazil
  • South Africa
  • Saudi Arabia
  • U.A.E
  • Other Countries