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Pulished Date April, 2021
ID: 11478
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Europe Healthcare / Medical Simulation Market Analysis Report - Segmented By Products & Services, End-User, and Country (United Kingdom, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands and Rest of Europe) - Industry Size, Share, Trends & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 11478
Pages: 100

Europe Medical Simulation Market Size (2021 to 2026)

The European medical simulation market size is forecasted to grow at a CAGR of 14.01% between 2021 and 2026.

The growth of the European medical simulation market is majorly driven by continuous technological advancements, a growing concern for patient safety, and growing demand for minimally invasive treatments. Minimally invasive surgical procedures involve smaller incisions, leading to faster recovery, which in turn contributes to the growth of the European medical simulation market.

According to the 2019 report by the Organization for Economic Co-operation and Development (OECD), in Iceland, around 97.9% of tonsillectomies (tonsillectomy surgeries) were performed on an outpatient basis in 2019 proportion in the European region.

Rising patient safety awareness is expected to drive the growth of the European healthcare / medical simulation market during the forecast period. The research and development of surgical tools have led to an increased awareness of minimally invasive surgical procedures. Minimally invasive procedures require specific psychomotor skills. To learn these minimally invasive procedures, Simulation provides the appropriate tools. In addition, augmented reality is also used for training and education purposes. Applications based on augmented reality are used to provide efficient service to end-users. As a result, minimally invasive surgical procedures are growing in demand and are expected to provide many lucrative opportunities in the European medical simulation market.

Thus, the rise of various technological advancements in medical simulation increases the healthcare applications for the training of healthcare professionals. Hence, the growth of the studied market is expected to be driven during the forecast period.

However, the maintenance of medical stimulation devices and their teaching staff expenses are expected to be a potential constraint hampering the European medical simulation market. Furthermore, the high cost of medical simulation devices, unstable economies in European regions, limited availability of funds, and lack of humanitarian approach negatively impact the growth of this market and may restrict the market to some extent.

Impact of COVID-19 on the European medical simulation market:

Limited access to live patients during training, advancements in medical education, increasing demand for minimally invasive treatments, increased focus on patient safety, and increasing demand for virtual training due to the current pandemic of COVID-19 are the main factors that stimulate the growth of the medical simulation market. In addition, factors such as the growing awareness of simulation education in emerging countries and the shortage of healthcare workers create lucrative opportunities for market growth in Europe.

This research report on the European medical simulation market has been segmented and sub-segmented into the following categories.

By Products & Services:

  • Healthcare Anatomical Models
  • Web-Based Simulators
  • Healthcare Simulation Software
  • Simulation Training Services

By End-User:

  • Academic institutes
  • Military organizations
  • Hospitals
  • Others

By Country:

  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Turkey
  • Czech Republic
  • Rest of Europe

Geographically, the European medical simulation market is forecasted to account for a significant share in the global market during the forecast period. The European market is driven by increasing medical education in institutes and hospitals, which largely focus on standardizing their teaching methods to improve patient safety. The United Kingdom is expected to experience the fastest growth due to increased demand for medical simulation and related services and increased public funding for health research.

The UK medical simulation market is expected to grow significantly at a CAGR of around 11.9% during the forecast period. According to the Resuscitation Council, in the UK, around 60,500 people experience cardiac arrest outside of the hospital each year, less than 10.5% of whom survive cardiac arrest. However, a bystander has the ability to initiate cardiopulmonary resuscitation (CPR), which doubles a person's survival rate.

According to UK Research and Innovation, the government is providing more than $ 239 million in investment to develop new drugs and treatments for patients. According to the 2019 Office for National Statistics (UK) survey report, it is estimated that during the period 2016-2018, around 30,100 healthcare professionals were working in London, the highest number of any region in the UK. In addition, 15,000 other EU citizens were working in the health sector in the South East and 11,000 employees in the East of England. Therefore, the increasing number of healthcare workers shows a positive impact on the medical simulation market.

KEY MARKET PLAYERS:

Some of the companies dominating the European medical simulation market profiled in this report are 3B Scientific GmbH, B-Line Medical LLC, CAE Healthcare, Education Management Solutions Inc. (EMS), Ingmar Medical Ltd, Mentice AB, Surgical Science Sweden AB, and Simulab Corporation.

  1. INTRODUCTION
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year, and Forecast Periods
    4. General Study Assumptions
  2. RESEARCH METHODOLOGY
    1. Introduction
    2. Research Phases
      1. Secondary Research
      2. Primary Research
      3. Econometric Modelling
      4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Report Overview
    1. Executive Summary
    2. Key Inferences
  4. Market Dynamics
    1. Impact Analysis
      1. Drivers
      2. Restraints
      3. Opportunities       
    2. Regulatory Environment
    3. Technology Timeline & Recent Trends
  5. Competitor Benchmarking Analysis
    1. Key Player Benchmarking                    
      1. Market share analysis      
      2. Products/Service
      3. Regional Presence               
    2. Mergers & Acquisition Landscape                     
    3. Joint Ventures & Collaborations
  6. MARKET SEGMENTATION
    1. By-Products and Services
      1. Healthcare Anatomical Models
      2. Web-Based Simulators
      3. Healthcare Simulation Software
      4. Simulation Training Services
      5. Y-o-Y Growth Analysis, By Products and Services
      6. Market Attractiveness Analysis, By Products and Services
      7. Market Share Analysis, By Products and Services
    2. By End-User
      1. Academic institutes
      2. Military organizations
      3. Hospitals
      4. Others
      5. Y-o-Y Growth Analysis, By End-User
      6. Market Attractiveness Analysis, By End-User
      7. Market Share Analysis, By End-User
  7. GEOGRAPHICAL ANALYSIS
    1. Introduction
      1. Regional Trends
      2. Impact Analysis
      3. Y-o-Y Growth Analysis
      4. Market Attractiveness Analysis
      5. Market Share Analysis
    2. Europe
      1. Introduction
      2. UK
      3. France
      4. Spain
      5. Germany
      6. Italy
      7. Russia
      8. Sweden
      9. Denmark
      10. Switzerland
      11. Netherlands
      12. Turkey
      13. Czech Republic
      14. Rest of Europe
  8. STRATEGIC ANALYSIS
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. The threat of New Entrants
      4. The threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  9. MARKET LEADERS' ANALYSIS
    1. CAE Inc.
      1. Overview
      2. Products
      3. Financials (subjected to availability based on company type)
      4. Recent Developments
      5. SWOT analysis
      6. Analyst View
    2. 3d Systems
    3. Laerdal Medical
    4. Gaumard Scientific Company
    5. Kyoto Kagaku
    6. Limbs & Things
    7. Mentice Ab
    8. Simulab Corporation
    9. Simulaids
    10. Intelligent Ultrasound Group Plc
    11. Operative Experience, Inc.
    12. Surgical Science Sweden AB
    13. Cardionics Inc.
    14. Virtamed AG
    15. Synbone AG
    16. Vrmagic Holding AG.
    17. Ossimtech
    18. HRV Simulation
    19. Synaptive Medical
    20. Inovus Medical
  10. COMPETITIVE LANDSCAPE
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations, and Joint Ventures
    4. New Product Launches
  11. MARKET OUTLOOK AND INVESTMENT OPPORTUNITIES
  12. APPENDIX
    1. List of Tables
    2. List of Figures
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of products & services and end-users along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market, which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Europe Healthcare / Medical Simulation Market, By Products & Services, From 2021 to 2026 (USD Million)
  2. Europe Healthcare Anatomical Models Market, By Region, From 2021 to 2026 (USD Million)
  3. Europe Web-Based Simulators Market, By Region, From 2021 to 2026 (USD Million)
  4. Europe Healthcare Simulation Software Market, By Region, From 2021 to 2026 (USD Million)
  5. Europe Simulation Training Services Market, By Region, From 2021 to 2026 (USD Million)
  6. Europe Healthcare / Medical Simulation Market, By End-User, From 2021 to 2026 (USD Million)
  7. Europe Academic institutes Market, By Region, From 2021 to 2026 (USD Million)
  8. Europe Military organizations Market, By Region, From 2021 to 2026 (USD Million)
  9. Europe Hospitals Market, By Region, From 2021 to 2026 (USD Million)
  10. Europe Others Market, By Region, From 2021 to 2026 (USD Million)
  11. U.K. Healthcare / Medical Simulation Market, By Products & Services, From 2021 to 2026 (USD Million)
  12. U.K. Healthcare / Medical Simulation Market, By End-User, From 2021 to 2026 (USD Million)
  13. Germany Healthcare / Medical Simulation Market, By Products & Services, From 2021 to 2026 (USD Million)
  14. Germany Healthcare / Medical Simulation Market, By End-User, From 2021 to 2026 (USD Million)
  15. France Healthcare / Medical Simulation Market, By Products & Services, From 2021 to 2026 (USD Million)
  16. France Healthcare / Medical Simulation Market, By End-User, From 2021 to 2026 (USD Million)
  17. Italy Healthcare / Medical Simulation Market, By Products & Services, From 2021 to 2026 (USD Million)
  18. Italy Healthcare / Medical Simulation Market, By End-User, From 2021 to 2026 (USD Million)
  19. Spain Healthcare / Medical Simulation Market, By Products & Services, From 2021 to 2026 (USD Million)
  20. Spain Healthcare / Medical Simulation Market, By End-User, From 2021 to 2026 (USD Million)

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