Medical Simulation Market Set to Surge Significantly and Expected to Grow at a 15.17% CAGR to 2031 | Latest InsightAce Report

Companies Covered in this Report are CAE; Laerdal Medical; 3D Systems; Simula Corporation; Limbs & Things Ltd; Entice AB; Simu aids; Guard Scientific Company; Surgical Science Sweden AB; Kyoto Kagaku Co., Ltd

Jersey City, NJ, March 29, 2023 (GLOBE NEWSWIRE) -- The Global Medical Simulation Market is estimated to reach over USD 7.70 billion by 2031, exhibiting a CAGR of 15.17% during the forecast period. 

Public awareness of minimally invasive surgical techniques has increased because of the development of surgical instruments for research and development. Specialized sensorimotor skills are required for minimally invasive therapies. The tools needed to master these minimally invasive procedures are available through modeling. Moreover, virtual reality is used for education and training, and AR-based apps are used to provide effective healthcare. As a result, the market for healthcare simulation is anticipated to experience significant growth due to the spike in demand for minimally invasive surgical methods. The market is anticipated to rise due to elements like the preference for less invasive methods, advancing technology, and a focus on patient safety.

Free PDF Report Brochure @

The COVID-19 outbreak has had a negative impact on a variety of buyers and sellers. The use of simulation in healthcare education equips staff members with the self-assurance, information, and abilities necessary to improve patient safety. Simulation provides an opportunity to properly educate and train professionals to increase patient safety outcomes and further reduce medical errors. Also, there are opportunities in underserved, emerging economies with great potential as a result of improved healthcare infrastructure, rising unfilled medical demand, and an increase in the incidence of medical errors in populations. There are several places that provide these minimally invasive procedures which is a positive.

Recent Developments:

  • In March 2022-A cutting-edge, online resuscitation training program without instructor monitoring was announced by Meddlers, a top provider of digital learning for hospitals and healthcare workers. American Heart Association (Association) research and Laerdal Medical technology were used in the co-development and powering of the internationally acclaimed online application Heart Code Complete.
  • In May 2021: CAE VI Medix 3.2, a new product from CAE Inc., allows for increased fidelity, ultrasonography realism, 3D/4D ultrasound, and multiplanar reconstruction in the CAE VI Medix simulation platform (MPR).

List of Prominent Players in the Medical Simulation Market:

  • CAE
  • Laerdal Medical
  • 3D Systems
  • Simula Corporation
  • Limbs & Things Ltd
  • Entice AB
  • Simu aids
  • Guard Scientific Company
  • Surgical Science Sweden AB
  • Kyoto Kagaku Co., Ltd

Medical Simulation Market Report Scope:

Report AttributeSpecifications
Market size value in 2022USD 2.19 Bn
Revenue forecast in 2031USD 7.70 Bn
Growth rate CAGRCAGR of 15.17% from 2023 to 2031
Quantitative unitsRepresentation of revenue in US$ Billion, and CAGR from 2023 to 2031
Historic Year2019 to 2022
Forecast Year2023-2031
Report coverageThe forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends
Segments coveredProduct & Services, Technology, End-use
Regional scopeNorth America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country scopeU.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Market Dynamics:


While the mortality rate from drug errors is rising, safety is a serious concern in the healthcare sector. The industry for medical simulation is expanding due to important considerations such as patient access restrictions during training. The medical simulation market is expanding due to improvements in medical teaching. The market for medical simulation is expanding as patient safety is being given more attention.

The instructional services offered to medical students, residents, fellows, nursing staff, ancillary healthcare workers, and practicing physicians worldwide increasingly include medical simulators. Two factors contributing to this acceptance are the growing need for evidence-based treatment services and the reduction in the number of hours residents may work each week.


The lack of qualified technicians and the high costs of medical simulation systems are the main factors that could restrain the market's growth over the forecast period. The development of the global medical simulation sector is, however, being constrained by a shortage of qualified IT specialists and security concerns. Nonetheless, despite the difficulty in obtaining funding, the market for medical simulation is expanding.

Regional Trends:

The North America medical simulation market is expected to register major market share in terms of revenue and projected to grow at a high CAGR soon. The existence of major competitors in the area and significant technological investment are only two examples of the many variables that have contributed to the market's growth.

Also, during the forecast period, rapid technological improvements and rising disposable income are some of the factors anticipated to drive market expansion. Besides, Asia Pacific had a substantial share in the market. due to the framework for healthcare's ongoing advances. Also, the market is expanding because of the growing use of medical facilities and the quickening expansion of manufacturing facilities in developing nations like China and India.

Enquiry Before Buying @

Segmentation of Medical Simulation Market-

By Product & Services

  • Healthcare Anatomical Models
    • Patient Simulators
    • Task Trainers
    • Interventional/Surgical Simulators
      • Laparoscopic Surgical Simulators
      • Gynecology Simulators
      • Cardiovascular Simulators
      • Arthroscopic Surgical Simulators
      • Spine Surgical Simulators
      • Other Interventional/Surgical Simulators
    • Endovascular Simulators
    • Ultrasound Simulators
    • Dental Simulators
    • Eye Simulators
  • Web-Based Simulators
  • Healthcare Simulation Software
  • Simulation Training Services

By Technology

  • Virtual Patient Simulation
  • 3D Printing
  • Procedure Rehearsal Technology

By End-use

  • Academic Institutes
  • Hospitals
  • Military Organizations
  • Research
    • Medical Device Companies
    • Others

By Region- 

North America-

  • The US
  • Canada
  • Mexico


  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe


  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

Get Customized Report @

About Us:

InsighAce Analytic is a specializing in market research and consulting services that helps in building business strategies. Our mission is to provide high quality insights with using data analytics techniques and visualization tools that drives the disruption and innovation in market research industry. Our expertise is in providing syndicated and custom market intelligence reports with in-depth analysis and key market insights in a timely and cost-effective manner.

Follow Us @

Subscribe Our Exclusive Newsletters @


Contact Data