Europe Medical Simulation Market is Segmented By Product & Services (Healthcare Anatomical Models, Interventional/Surgical Simulators, Web-Based Simulators, Healthcare Simulation Software, Simulation Training Services), By Technology (Virtual Patient Simulation, 3D Printing, Procedure Rehearsal Technology), By End-User (Academic Institutes, Hospitals, Military Organizations, Research), and By Country (Europe, Germany, The U.K., France, Italy, Spain, Rest of Europe) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Europe Medical Simulation Market Overview
The Europe medical simulation market is estimated to reach at a high CAGR during the forecast period (2023-2030).
Medical simulation creates real-world situations so that healthcare providers can learn, practice, and assess their medical skills in a safe environment. Simulation can provide this learning opportunity using whole-body manikins, devices called task trainers, actors who portray patients, or even simulated medical scenarios using virtual reality.
Europe Medical Simulation Market Scope
|
Metrics |
Details |
|
CAGR |
High |
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Size Available for Years |
2021-2030 |
|
Forecast Period |
2023-2030 |
|
Data Availability |
Value (US$) |
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Segments Covered |
Product & Services, Technology, End-User, and Country |
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Countries Covered |
Germany, U.K, France, Italy, Spain, Rest of Europe |
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Largest Country |
U.K |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Source: DataM Intelligence Analysis (2022)
Europe Medical Simulation Market Dynamics and Trends
Rising technological advancements drive the Europe medical simulation market growth. Also, a preference for minimally invasive treatment, a focus on patient safety, advanced healthcare infrastructure, an increase in the occurrence of medical mistakes in populations, and an increase in the usage of simulation in the healthcare industry boosts the market.
An increasing government initiative to develop computational models and increase the benefits in the healthcare industry drives the market growth
As per the article published in the Journal of Translational Medicine, in September 2020, there are several industry and government initiatives focused on establishing credibility in modeling and supporting the adoption of computational models as a trusted source of data. Organizations–including the European-based Avicenna Alliance, the industry-led Medical Device Innovation Consortium, the U.S. Food and Drug Administration (FDA), and the United States Congress–have specifically advocated for the use of in silico clinical trials, or trials based purely on computational methods to advance the development and evaluation of new medical devices, drugs, and interventions.
In addition, benefits of the in silico clinical trials approach include streamlined “regulatory evaluation of a medicinal product or medical device/medical intervention”, development of comprehensive “virtual patients” representing a continuum of information, accelerated innovations in clinical evaluations, and advancement of new devices and drug therapy applications.
Furthermore, vSim is a web-based platform developed to simulate nursing scenarios. Teachers at the Stavanger university have tested the use of vSim in preparation for clinical practice. By using the platform, students have opportunities to interact with virtual patients and receive direct feedback on their performance. The nursing scenarios can help the students to apply knowledge, make decisions, complete interventions, get feedback on their actions and repeat activities and content at their own pace.
The drawbacks associated with medical simulation will hamper the growth of the market
However, drawbacks associated with medical simulation include the high cost of equipment and maintenance, limited realism, the need for trained operators, the risk of medical errors, and limited accessibility for some medical professionals and facilities.
COVID-19 Impact on Europe Medical Simulation Market
The COVID-19 pandemic has had positive effects on the medical simulation market. The COVID-19 pandemic has created a raised demand for ventilators worldwide. There is not only a shortage of ventilators globally but also a shortage of healthcare personnel who are trained to use them. New, innovative solutions are needed to help prepare healthcare professionals working in ICU departments with limited experience, like novice staff, students and graduates, retired nurses and respiratory therapists, or nurses not trained to use ventilators. TruCorp, a medical simulation training manikins provider, has partnered with a world-leading healthcare solutions provider, Laerdal Medical, to bring an easy-to-implement, cost-effective ventilation training solution to the market.
Current simulation training solutions for ventilation management require access to an actual ventilator to run simulations. During the COVID-19 pandemic, such ventilators have been in short supply for training as they are needed for patient use. The TruVent simulation platform allows users to teach the core principles of ventilation management without requiring a ventilator. The instructor can adjust patient characteristics to train for different scenarios, creating clinically accurate respiratory simulations either in class or remotely. The TruMonitor and TruVent training solutions are operated by iOS or Android devices.
Europe Medical Simulation Market Segment Analysis
The healthcare simulation software segment is expected to grow at the fastest CAGR during the forecast period (2023-2030)
The healthcare simulation software segment accounts for the highest market share. Healthcare simulation software is becoming increasingly popular in Europe as a tool for training healthcare professionals and improving patient outcomes. The simulation software provides a realistic environment for healthcare professionals to practice and improve their skills, reducing the risk of medical errors and improving patient safety. This has led to a significant rise in the use of healthcare simulation software in Europe in recent years. One of the factors contributing to this growth is the growing demand for high-quality healthcare services. Healthcare systems in Europe are under increasing pressure to improve the quality of care and reduce costs. Healthcare simulation software effectively solves these challenges by enabling healthcare professionals to practice their skills in a safe and controlled environment, reducing the risk of medical errors and improving patient outcomes.
In addition, the advancement of technology has also played a significant role in the increased use of healthcare simulation software. With the development of more sophisticated simulation software and the increasing availability of high-quality simulations, healthcare professionals can practice complex procedures and treatments in a realistic and engaging environment. This has further increased the popularity of healthcare simulation software in Europe. Overall, the increasing use of healthcare simulation software in Europe reflects a growing recognition of its value as a tool for improving the quality of healthcare and patient outcomes.
Source: DataM Intelligence Analysis (2023)
Europe Medical Simulation Market Geographical Share
The United Kingdom region holds the largest market share of the Europe medical simulation market
The United Kingdom dominates the market for medical simulations and is expected to show a similar trend over the forecast period. Adopting more flexible infrastructures, better communication workflows, and advanced reporting and analytics have enhanced healthcare simulation and helped foster more collaborative learning experiences. Not only can administrators give their learners greater access to training and skill building, but they also have more transparency and are more incentivized to engage across multiple learning channels.
In October 2022, the UK-based startup Oxford Medical Simulation raised about €2.4 million for its VR healthcare training. The company aims to meet the urgent need to train nurses and doctors more efficiently and help overcome the current staffing crisis in healthcare.
In addition, CAE Healthcare introduced three new products for the 2021 Virtual International Meeting for Simulation in Healthcare by announcing the new CAE Aria, CAE SimEquip, and CAE LearningSpace Enterprise Lite. With patient assessment signs, an advanced airway and bleeding, CAE Aria can help fulfill training needs for PALS, PEARS and APLS certification.
Source: DataM Intelligence Analysis (2022)
Europe Medical Simulation Market Companies and Competitive Landscape
The medical simulation market has a moderately competitive presence of local and domestic companies. Some of the key players contributing to the growth of the market are CAE (Canadian Aviation Electronics, Ltd), Laerdal Medical, 3D Systems, Simulab Corporation, Limbs & Things Ltd, Simulaids, Kyoto Kagaku Co., Ltd, Gaumard Scientific Company, Mentice AB, and Surgical Science Sweden AB, among others. The major players are adopting several growth strategies, such as product launches, acquisitions, and collaborations. For instance, in December 2020, CAE received the ISO 13485:2016 certification for Medical Device and Quality Management Systems for its facilities in Montreal (Canada) and Sarasota (United States).
CAE Inc.
Overview:
CAE Healthcare offers specialized educational tools that help professionals provide safe, high quality patient care. The company provides end-to-end simulation-based solutions, including patient, surgical and ultrasound simulators with virtual and augmented reality, center management systems and turnkey solutions.
Product Portfolio:
Ultrasound Simulation: CAE Healthcare’s innovative suite of Ultrasound Training Solutions accelerates learning and creates the psychomotor and cognitive skills needed to use ultrasound in healthcare.
The Europe medical simulation market report would provide access to approximately 40+ market data tables, 45+ figures, and in the range of 200 (approximate) pages.
