Patient Simulator Market Analysis | 2021-2026

Market Insights

"The global 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."

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.

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Market Dynamics:

There are two main factors that affect the demand of patient simulators.  The first is the growing attention to patient safety because of the alarming statistics on medical errors, as 1 in every 10 patients dies due to this cause. Such superawareness gave an impetus to training and made simulations one of the main market trend.  It is growth driver what results in the development of this kind of boom in trends on the market. Furthermore, the availability of top players with the latest simulators technologies, and the efforts of organizations to provide training programs for healthcare professionals play a significant role in the market's growth. Technology innovations too, particularly those in the field of 3D simulations, give an outstanding pick-up to market development and drive market expansion.

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.

Segment Analysis

Intensity Insights

"The low-fidelity simulator segment accounted for the largest market share."

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.

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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 Insights

"The academics and research institute segment accounted for the largest market share."

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.

Regional Trends

"North America accounted for the largest market share."

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 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 academic & research institutes and hospitals.

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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

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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

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

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 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 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

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