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    Patient Simulator Market Report

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

    Market Highlights

    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 global patient simulator market was valued at US$ 1,016.8 million in 2020 and is projected to reach US$ 1,990.6 million by 2026, registering a significant CAGR of 11.3%, during 2021-2026.

    Market Segments' Analysis

    Based on the intensity type, the patient simulator market is segmented as high fidelity, medium-fidelity, and low fidelity patient simulators.

    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.

    Based on the end-use type, the academics and research institute segment 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 grow at an impressive CAGR of 11.4%, during 2021-2026.

    In terms of regions, North America is expected to remain the largest market for patient 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 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.

    Key Players

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

    • Laerdal Medical
    • Nasco Healthcare
    • CAE Inc.
    • 3B Scientific
    • Gaumard Scientific Company Inc.
    • 3D Systems
    • Intelligent Ultrasound
    • Limbs & Things
    • Mentice AB
    • Surgical Science

    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.

    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 patient simulator market is segmented into the following categories:

    Patient Simulator Market, by Intensity Type

    • High Fidelity Patient Simulators (Trend and Forecast)
    • Medium Fidelity Patient Simulators (Trend and Forecast)
    • Low Fidelity Patient Simulators (Trend and Forecast)

    Patient Simulator Market, by End User Type

    • Academic & Research Institutes (Trend and Forecast)
    • Hospitals (Trend and Forecast)
    • Ambulances (Trend and Forecast)

    Patient 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

    Frequently Asked Questions (FAQs)

    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 patient simulators market.

    North America is estimated to remain dominant in the patient simulators 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.