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    Patient Simulator Market Analysis | 2021-2026

    Patient Simulator Market Analysis | 2021-2026
    Report code - SR1442 Published On : Dec,2021 No. of Pages: 120
    Patient Simulator Market Growth, Size, Share, Trends, Forecast, Competitive Analysis, and See more...

    Market Insights

    The Patient Simulator Market was valued at US$ 1.0 Billion in 2020 and is projected to reach US$ 1.9 Billion by 2026, registering a significant CAGR of 11.3%, during 2021-2026.

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    COVID-19 has put an instant halt to many industries across the globe. Lockdown norms in several countries have swiftly affected the global economy by affecting the supply chain, production, and demand in the market. Both direct, as well as indirect impacts of the pandemic, have been incorporated in this report.

    What is a patient simulator?

    A patient simulator is a kind of manikin-type simulator that can be used to teach students and train healthcare professionals by simulating human anatomy or function (physiology). Patient simulators are most commonly employed at simulation centers and come in a variety of models, ranging from preterm infants to geriatric patients. Obstetric birthing simulators are also available. The advantages of using healthcare simulation to improve medical education have been thoroughly recognized by healthcare institutions. Practice and experience are required for clinical expertise. Clinical simulation allows healthcare practitioners of all levels and disciplines to practice and enhance their clinical abilities without endangering patients. Academic institutions, academic medical institutes, government research organizations, hospitals and clinics, and military training centers are among the most common users of patient simulators.

    Patient Simulator Market Report Overview

    Market Size in 2026

    USD 1.9 billion

    Market Size in 2020

    USD 1.0 billion

    Market Growth (2021-2026)

    CAGR of 11.3%

    Base Year of Study

    2020

    Trend Period

    2016-2019

    Forecast Period

    2021-2026

    Segment Analysis

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The patient simulator market is segmented into the following categories-

    By Intensity Type

    • High Fidelity Patient Simulators
    • Medium Fidelity Patient Simulators
    • Low Fidelity Patient Simulators

    By End User Type

    • Academic & Research Institutes
    • Hospitals
    • Ambulances

    By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Intensity Trends

    The patient simulator market is segmented as high-fidelity, medium-fidelity, and low-fidelity patient simulators. Low-fidelity Simulator is expected to be the dominant segment of the market and it held a revenue share of more than 70% in 2020.

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    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 general public how to conduct chest compressions and rescue breathing (CPR training). Manikins with a medium level of realism are more complicated. Many of them have electrical components that simulate basic physiological functions including cardiac and breathing activities. These manikins can be used in simple simulations where the learner has to practice assessing vital signs or in simple circumstances where advanced physiological function interpretation is not necessary. They're often employed in basic nursing education. When a manikin's functions closely mirror human physiology, it is said to be a high-fidelity patient simulator. 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 have the ability to cry, constrict their pupils, shake as if having a seizure, and talk.

    End-Use Trends

    The market is segmented as academic & research institute, hospitals, and ambulances. 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 the 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.

    Regional Analysis

    North America is expected to remain the largest market and it held a revenue share of more than 50% in 2020. 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 patient 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.

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    Market Dynamics

    The patient simulator market is driven by a host of factors, some of which are noted below:

    Increasing demand for minimally invasive surgeries: With the growing popularity of minimally invasive surgical procedures, there is a rising need for healthcare professionals to gain hands-on experience in a safe and controlled environment. Patient simulators enable healthcare providers to practice and refine their surgical skills without putting real patients at risk.

    Advancements in technology: The patient simulator market is being driven by rapid advances in technology, such as the incorporation of virtual reality and augmented reality into simulation training. This technology provides a more immersive and realistic simulation experience is essential for improving training outcomes.

    Growing adoption of patient simulators in medical schools and training programs: The use of patient simulators is becoming increasingly common in medical schools and training programs worldwide. This is due to the need for healthcare professionals to be adequately prepared to handle real-life situations, and patient simulators provide an effective and safe way to do so.

    Increasing emphasis on patient safety: Patient safety is a critical issue in healthcare, and patient simulators can help improve patient safety by enabling healthcare providers to practice critical skills and procedures in a safe and controlled environment. This emphasis on patient safety is driving the demand for patient simulators in the healthcare industry.

    Rise in chronic diseases: With the rise in chronic diseases, such as diabetes, hypertension, and cardiovascular diseases, there is an increasing need for healthcare professionals to be adequately trained in managing these conditions. Patient simulators can help provide this training, allowing healthcare providers to practice managing chronic diseases in a safe and controlled environment.

    Key Players

    The following are the key players in the patient simulator market:

    Target Audience

    Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

    • Distributors
    • Suppliers
    • Manufacturers
    • Logistics organizations
    • Government bodies

    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.

    What deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the Patient Simulator Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional and country level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s patient 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.

    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 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.

    Frequently Asked Questions (FAQs)

    A patient simulator is a kind of manikin-type simulator that can be used to teach students and train healthcare professionals by simulating human anatomy or function (physiology). Patient simulators are most commonly employed at simulation centers and come in a variety of models, ranging from preterm infants to geriatric patients. Obstetric birthing simulators are also available. The advantages of using healthcare simulation to improve medical education have been thoroughly recognized by healthcare institutions. Practice and experience are required for clinical expertise. Clinical simulation allows healthcare practitioners of all levels and disciplines to practice and enhance their clinical abilities without endangering patients. Academic institutions, academic medical institutes, government research organizations, hospitals and clinics, and military training centers are among the most common users of patient simulators.

    The patient simulator market was valued at US$ 1.6 bn in 2020 and is projected to reach US$ 1.9 bn by 2026.

    The patient simulator market is estimated to grow at a CAGR of 11.3% in the coming five years.

    Laerdal Medical, Nasco Healthcare, CAE Inc., 3B Scientific, 3D Systems, Gaumard Scientific Company Inc., Intelligent Ultrasound, Limbs & Things, Mentice AB, and Surgical Science are the leading players in the market.

    North America is estimated to remain dominant in the market in the foreseen future, driven by the presence of a large number of players in the region coupled with the greater acceptance of patient simulation in the region.