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Healthcare Simulation Market - By Product & Services (Healthcare Anatomical Models, Simulation Software, Web-Based Simulators, Training Services), By Method (Discrete-Event Simulation, Monte Carlo, System Dynamics, Agent-Based Simulation), By End-use & Forecast, 2023-2032

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Healthcare Simulation Market Size

Healthcare Simulation Market size valued at USD 2 billion in 2022 and is poised to exhibit over 15% CAGR from 2023 to 2032. Driven by increased efforts by hospitals to involve rigorous VR training systems.
 

Healthcare Simulation Market

The soaring digitalization and integration of artificial intelligence and virtual reality have fueled the development of the overall simulation sector. The mounting focus on patient safety has escalated product adoption in the healthcare sector. The need to pinpoint the primary causes of medical errors is set to increase with medical errors. According to the World Health Organization (WHO) report, up to 25% of patients experience difficulties as a result of improper surgical care methods. Each year, over 7 million surgical patients experience serious problems, and 1 million of them pass away during or post-operation.
 

Furthermore, constant R&D programs to introduce digital healthcare technologies, such as robotics, artificial intelligence, virtual reality (VR) & augmented reality (AR), and 3D-printing or nanotechnology, are impelling the demand for healthcare simulation. In May 2022, SimX, a VR and AI software solution provider, launched a virtual reality simulation for nursing education that replaces true nursing encounters with a realistic nursing curriculum. Thus, the surging adoption of simulators for virtual is fueling healthcare simulation market progression.
 

High maintenance costs may restrain industry progression

The high cost of healthcare simulation is a major factor hampering the market growth. Furthermore, gears and software need trained operators, which costs extra money and takes more time. Thus, the elevating price of simulation and restricting product adoption. Nonetheless, artificial intelligence (AI), virtual reality (VR), and augmented reality (AR) technologies are expected to aid in overcoming this issue.
 

Healthcare Simulation Market Analysis

Global Healthcare Simulation Market Share By Product & Services

The healthcare simulation market share from the web-based simulators segment is primed to exhibit nearly 16% gains up to 2032. Some key factors contributing to segment growth are advancements in healthcare information technology (IT) solutions and rising digitization in the industry. In September 2022, InSilicoTrials, a medical simulator technology firm, introduced a cloud-based platform for healthcare simulation, which is designed to accelerate digitization in healthcare.
 

Authors: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :
Which factors will aid the Europe healthcare simulation market expansion?
Europe market wil exceed USD 2.5 billion by 2032 on account of the booming economy and increased private investment in the region.
How big is the healthcare simulation market?
Why is the market share growing from hospitals end-uses?
What is the value of web-based simulators market?
Healthcare Simulation Market Scope
  • Healthcare Simulation Market Size
  • Healthcare Simulation Market Trends
  • Healthcare Simulation Market Analysis
  • Healthcare Simulation Market Share
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    Authors: Mariam Faizullabhoy, Gauri Wani
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    Premium Report Details

    Base Year: 2022

    Companies covered: 10

    Tables & Figures: 400

    Countries covered: 30

    Pages: 220

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