Global Healthcare Simulation Market - Analysis and Forecast To 2024, 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

Industry Overview
The global healthcare simulation market is expected to grow at a CAGR of 14.2% during the forecast period with its market size predicted to reach USD 4.0 billion by 2024. The global healthcare simulation market is growing at a significant rate, due to advantages of simulation over conventional learning, technological advancements, and increasing need for minimally invasive treatments. Different product and services contributed to the healthcare/medical simulation market size. The market has witnessed a high demand for anatomical models over the last few years due to mounting primary care services, and scarcity of healthcare professionals.

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Growth Drivers
The advantages of simulation over conventional learning, increasing need for minimally invasive treatments, mounting healthcare expenditure and increasing emphasis on patient safety are the primary growth drivers for healthcare simulation market. The demand for the minimally invasive procedure is increasing in order to overcome the complications of conventional surgery such as fatigue, blood clots, infection, postoperative pain, and muscle atrophy.

Geographic Overview
Geographically, North America is the largest medical simulation market 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.

Competitive Insight
Key players in the healthcare/medical simulation market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In May 2018, 3D Systems launched 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.

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CAE Inc. and Laerdal Medical accounted for the major share in 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.

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