Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Medical simulation is the modern method for training healthcare professionals by means of advanced educational technology. It is common term which refers to an artificial representation of real-world process for achievement of educational targets by means of experimental learning. It is derived from the aviation industry, which used simulation-based learning and practise for training of pilots since the first world war. It allows the safe training of learners involving in activities that would too dangerous to practise. Medical simulation have various benefits such as shifting traditional learning into medical simulations.
The North America medical simulation market is witnessing tremendous growth during forecast period of 2021 to 2027. The rising technological advancement is education system is gaining attention of North America medical simulation market. The dynamic factors such as growing awareness regarding simulation in education system is propelling growth of North America medical simulation market. The growing incidences of medication errors is also boosting growth of North America medical simulation market. Rising exigency of minimally invasive treatment is also contributing in the growth of North America medical simulation market. However, high cost of simulator is hindering the growth of North America medical simulation market.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on the medical simulation market. In addition, complete analysis of changes on medical simulation expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on North America economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The rising prevalence of COVID-19 in many countries is the key factor propelling growth of medical simulation market. Also, the necessity to maintain social distancing as preventive measure against the COVID-19 is refuelling growth of healthcare IT industries. Likewise, need for digitalization in healthcare field is boosting the growth of healthcare IT solutions. The COVID-19 pandemic situation has increased the surge to use internet as many people are working from home, which is impacting positively on the medical simulation market.
The North America medical simulation market is bifurcated by products and services, end user and country.
Products and services like patient simulator, task trainer, surgical simulator, dental simulator, eye simulator, ultrasound simulator and simulation software are comprised in the North America medical simulation market. The surgical simulator is sub-categorised into laparoscopic, gynaecology, cardiovascular, orthopaedic and spine. In which patient simulator is also contributing in the growth of North America medical simulation market. The patient simulator mimics human anatomy and physiology which is used in education systems for student and training of healthcare professionals. It helps in developing non-technical skills, practise rare emergency situations and also provides training against different life threating situations. This makes them more demandable in the North America medical simulation market.
End users such as academic institute, research centre, hospitals & clinics, military organization are comprised in North America medical simulation market. In which research centres is also contributing in the growth of North America medical simulation market. The growing research and development activities is boosting growth of North America medical simulation market. The rising prevalence rate of cancer is also contributing in the growth of North America medical simulation market. The need for cost effective training is also propelling growth of North America medical simulation market.
The North America medical simulation market is studied for key countries such as US, Mexico and Canada. In which United States is anticipated to dominate the market in 2020. The rising adoption of technological advancement is healthcare education system is propelling the growth of North America medical simulation market. The rising rate of mortality due to medication error is also boosting growth of North America medical simulation market. The well-established healthcare infrastructure is also propelling growth of North America medical simulation market.
The key players in the market are Cae Inc., 3D Systems, Laerdal Medical, Gaumard Scientific Company, Kyoto Kagaku, Limbs & Things, Mentice Ab, Simulab Corporation, Intelligent Ultrasound Group Plc, Operative Experience Inc., Surgical Science Sweden Ab., Cardionics Inc., Virtamed Ag, Synbone Ag, Vrmagic Holding Ag., Ossimtech, Hrv Simulation, Synaptive Medical and Inovus Medical among others.
April 2020: CAE collaborated with Area9 Lyceum (US) to provide an online Ventilator Reskilling Course to the clinician's midst of the Covid-19 pandemic.
April 2020: 3D Systems launched Lung Ultrasound Training services to combat the current COVID-19 pandemic.
March 2020: CAE launched the Vimedix 3.0, a high-fidelity simulator that facilitates the learning process for cardiac, lung, Obs/Gyn, and stomach all in one through a common platform.
March 2020: 3D Systems collaborated with Ben Gurion University (Israel), and Beer- Sheva (Israel). The collaboration aimed to develop training modules that enable clinicians to acquire rapid and accurate lung diagnostic skills using an ultrasound machine and improve Covid-19 Triage.
The study comprises medical simulation market by product and services, end users and geography. The study also imparts dominating segments of the market. The product and services is dominated by the surgical simulation segment. Likewise, end user segment is dominated by surgical simulations. Geographically, United States is anticipated to dominate the market in 2020. The study also analysed the impact of COVID-19 impact on medical simulation market. The rising prevalence of COVID-19 in many countries is the key factor propelling growth of medical simulation market. Also, the necessity to maintain social distancing as preventive measure against the COVID-19 is refuelling growth of healthcare IT industries. Likewise, need for digitalization in healthcare field is boosting the growth of healthcare IT solutions. The COVID-19 pandemic situation has increased the surge to use internet as many people are working from home, which is impacting positively on the medical simulation market. The study also analysed the various key players operating in the market.
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