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 also known as healthcare simulation is a branch of simulation related with education and training in medical fields. The simulation process can be held in the classroom, in situational environment or in spaces specially build for simulation practise. It can involve simulated human patient which are artificial, human or combination of two. Educational credentials with complete simulated animations, casualty assessment in homeland security and military situations, emergency response and support virtual health function with holographic simulation. In old days, the primary objective of medical simulation is to train professionals foe minimization of medication error and errors at the time of surgeries along with crisis interventions and general practise.
The Europe medical simulation market is observing rapid growth during forecast period of 2021 to 2027. The growing demand for crisis management training is gaining attention of Europe medical simulation market. The key factors such as increasing focus on patient safety, growing demand for minimally invasive treatment, increasing focus on patient safety are attributing to the healthy growth of Europe medical simulation market. However, incomplete mimicking of medical simulator is hindering the growth of Europe medical simulation market. Additionally, limited fund availability is also hampering the growth of Europe 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 Europe 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 Europe medical simulation market is bifurcated by products and services, end user and country.
Based on products and services, the Europe medical simulation market is segmented into patient simulator, task trainer, surgical simulator, dental simulator, eye simulator, ultrasound simulator and simulation software. The surgical simulator is sub-categorised into laparoscopic, gynaecology, cardiovascular, orthopaedic and spine. In which task trainer is also contributing in the growth of Europe medical simulation market. The task trainer are specialized models which are designed for helping the patient in practising specific skills. They are required for skills which require repetitive practice, like IV placement or teaching skills that cause patient discomfort like intubation.
Based on end users, the Europe medical simulation market is segmented into academic institute, research centre, hospitals & clinics, military organization. In which hospitals & clinics is also contributing in the growth of Europe medical simulation market. The high patient outflow which may cause medication errors. The rising training and development programs in hospitals and clinics is also propelling growth of Europe medical simulation market. The growing number of hospital and clinics is also boosting growth of Europe medical simulation market.
The Europe medical simulation market studied for key countries such as UK, Germany, France, Italy and Spain. In which UK is anticipated to dominate the market in 2020. The steady growing healthcare industry is propelling growth of Europe medical simulation market. The rising number of medication error is also refuelling growth of Europe medical simulation market. The growing need for minimization of surgical errors is also boosting growth of Europe 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.
Key Developments in Medical Simulation Market
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 Kingdom 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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