Market Highlights
Ultrasound simulators are all-in-one devices that include a human mannequin, a mimic probe, and a computer. The mock probe is usually directly attached to a monitor, which displays the ultrasound image based on the probe's position and movements. It's a medical simulation training tool that allows the educators and students to perform diagnostic, therapeutic, and surgical imaging techniques
Ultrasound simulators have several advantages, including enhanced visualization, case databases, and automatically generated feedback. Soft human tissue and circulatory structures are simulated by these simulators. These simulators allow the students to practice needle-guided procedures without putting real patients through the agony and anguish that comes with multiple attempts of needle insertion. The global ultrasound simulators market in 2020 was valued at US$ 90.7 million, and it is expected to witness an excellent CAGR of 13.3% during 2021-2026 to reach a market value of US$ 198 million by 2026.
Market Segments' Analysis
The ultrasound simulator market is segmented by type as technology-based simulators, model-based simulators, and computer-based simulators. The technology-based ultrasound simulators are further classified as virtual reality (VR)-based, augmented reality (AR)-based, and mixed reality (MR)-based simulators. Among these technology-based simulators, VR-based simulators were dominant in the market, followed by MR-based ultrasound simulators, whereas AR-based simulators are very few in the market but its market is expected to grow in the upcoming years. The model-based ultrasound simulators contribute a major share of the overall market as compared to the technology-based and computer-based simulators.
In terms of regions, North America is expected to remain the largest market for ultrasound simulators, during the forecast period. This region has the presence of a large number of major players such as CAE Inc., Laerdal Medical, Gaumard Scientific Company, and Nasco HealthCare, making the region the growth engine of the global ultrasound simulation market. Most of the healthcare simulation providers have their presence in the region to address the requirements of the academic & research institutes and hospitals.
Key Players
The following are the key players in the ultrasound simulator market:
- Laerdal Medical
- Nasco Healthcare
- CAE Inc.
- 3B Scientific
- Gaumard Scientific Company Inc.
- 3D Systems
- Intelligent Ultrasound
- Kyoto Kagaku
- Mentice AB
- Simulab Corporation
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s ultrasound simulator market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The ultrasound simulators market is segmented into the following categories:
Ultrasound Simulators Market, by Type
- Technology-Based Ultrasound Simulators (Trend and Forecast)
- VR-Based Ultrasound Simulators (Trend and Forecast)
- AR-Based Ultrasound Simulators (Trend and Forecast)
- MR-Based Ultrasound Simulators (Trend and Forecast)
- Computer-Based Ultrasound Simulators (Trend and Forecast)
- Model-Based Ultrasound Simulators (Trend and Forecast)
Ultrasound Simulator Market, by End-Use Type
- Academic & Research Institutes (Trend and Forecast)
- Hospitals (Trend and Forecast)
- Ambulances (Trend and Forecast)
Ultrasound Simulator Market, by Region
- North America (Trend and Forecast)
- Europe (Trend and Forecast)
- Asia-Pacific (Trend and Forecast)
- Rest of the World (Trend and Forecast)
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
