North America Medical Simulation Market 2020-2026 by Product & Service (Model-based Simulation, Web-based Simulation, Simulation Training Services), Fidelity (High, Medium, Low), End User, and Country: COVID-19 Impact and Growth Opportunity

  • Report Id: 9026A
  • Published Date: November, 2020
  • No of Pages: 101
  • Format: Electronic (PDF)
  • Publisher: GMD Research
  • Category:

North America medical simulation market is expected to grow by 14.05% annually in the forecast period and reach $1,780.6 million by 2026 owing to growing incidences of chronic disorders and population, rising patient safety concerns, the heightened demand for minimally invasive surgery (MIS), and technological advancement.
Highlighted with 29 tables and 42 figures, this 101-page report “North America Medical Simulation Market 2020-2026 by Product & Service (Model-based Simulation, Web-based Simulation, Simulation Training Services), Fidelity (High, Medium, Low), End User, and Country: COVID-19 Impact and Growth Opportunity” is based on a holistic research of the entire North America medical simulation market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2016-2019 and provides forecast from 2020 till 2026 with 2019 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19. The balanced (most likely) projection is used to quantify North America medical simulation market in every aspect of the classification from perspectives of Product & Service, Fidelity, End User, and Country.

Based on Product & Service, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2016-2026 included in each section.
Model-based Simulation
• Patient Simulation (further segmented into Manikin-based Simulation, Task Trainer Simulation, Hybrid Manikin-based simulation, Standardized Patient Simulation)
• Surgical Simulation (further split into Cardiovascular Simulators, Laparoscopic Surgical Simulators, Gynecology Simulators, Arthroscopic Surgical Simulators, Orthopedic Simulators, Endovascular Simulators, Spine Simulators, Other Surgical Simulations)
• Ultrasound Simulation (further segmented into Cardiology, Anesthesia, Intensive Care Unit, Emergency Medicine, OB/GYN, Radiology, Other Ultrasound Simulations)
Web-based Simulation
• Virtual Tutors
• Performance Recording Software
• Simulation Software
• Learning Management Software
Simulation Training Services
• Vendor-based Training
• Custom Consulting Services
• Educational Societies

Based on Fidelity, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2016-2026 included in each section.
• Low-fidelity
• Medium-fidelity
• High-fidelity

Based on End User, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2016-2026 included in each section.
• Academic Institutions & Research Centers
• Hospitals & Clinics
• Military Organizations
• Other End Users

Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2016-2026. The breakdown of key national markets by Product & Service, Fidelity, and End User over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Specifically, potential risks associated with investing in North America medical simulation market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.
Key Players (this may not be a complete list and extra companies can be added upon request):
3D Systems Corporation
Canadian Aviation Electronics, Ltd. (CAE)
Gaumard Scientific Company
Intelligent Ultrasound Group Plc (Formerly Medaphor Group Plc)
Kyoto Kagaku Co., Ltd.
Laerdal Medical AS
Limbs & Things Ltd.
Mentice AB
Simulab Corporation
Simulaids, Inc.
Surgical Science Sweden AB
Virtamed AG
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

Table of Contents
1 Introduction 5
1.1 Industry Definition and Research Scope 5
1.1.1 Industry Definition 5
1.1.2 Research Scope 6
1.2 Research Methodology 9
1.2.1 Overview of Market Research Methodology 9
1.2.2 Market Assumption 10
1.2.3 Secondary Data 10
1.2.4 Primary Data 10
1.2.5 Data Filtration and Model Design 12
1.2.6 Market Size/Share Estimation 13
1.2.7 Research Limitations 14
1.3 Executive Summary 15
2 Market Overview and Dynamics 17
2.1 Market Size and Forecast 17
2.1.1 Impact of COVID-19 on World Economy 18
2.1.2 Impact of COVID-19 on the Market 21
2.2 Major Growth Drivers 23
2.3 Market Restraints and Challenges 26
2.4 Emerging Opportunities and Market Trends 29
2.5 Porter’s Fiver Forces Analysis 33
3 Segmentation of North America Market by Product & Service 37
3.1 Market Overview by Product & Service 37
3.2 Model-based Simulation 39
3.2.1 Patient Simulation 40
3.2.2 Surgical Simulation 42
3.2.3 Ultrasound Simulation 44
3.3 Web-based Simulation 46
3.3.1 Virtual Tutors 48
3.3.2 Performance Recording Software 49
3.3.3 Simulation Software 50
3.3.4 Learning Management Software 51
3.4 Simulation Training Services 52
3.4.1 Vendor-based Training 53
3.4.2 Custom Consulting Services 54
3.4.3 Educational Societies 55
4 Segmentation of North America Market by Fidelity 56
4.1 Market Overview by Fidelity 56
4.2 Low-fidelity 58
4.3 Medium-fidelity 59
4.4 High-fidelity 60
5 Segmentation of North America Market by End User 61
5.1 Market Overview by End User 61
5.2 Academic Institutions & Research Centers 63
5.3 Hospitals & Clinics 64
5.4 Military Organizations 65
5.5 Other End Users 66
6 North America Market 2019-2026 by Country 67
6.1 Overview of North America Market 67
6.2 U.S. 70
6.3 Canada 74
6.4 Mexico 76
7 Competitive Landscape 78
7.1 Overview of Key Vendors 78
7.2 New Product Launch, Partnership, Investment, and M&A 81
7.3 Company Profiles 82
3D Systems Corporation 82
Canadian Aviation Electronics, Ltd. (CAE) 84
Gaumard Scientific Company 85
Intelligent Ultrasound Group Plc (Formerly Medaphor Group Plc) 86
Kyoto Kagaku Co., Ltd. 87
Laerdal Medical AS 88
Limbs & Things Ltd. 89
Mentice AB 90
Simulab Corporation 91
Simulaids, Inc. 92
Surgical Science Sweden AB 93
Virtamed AG 94
8 Investing in North America Market: Risk Assessment and Management 95
8.1 Risk Evaluation of North America Market 95
8.2 Critical Success Factors (CSFs) 98
Related Reports and Products 101

Key Players (this may not be a complete list and extra companies can be added upon request):
3D Systems Corporation
Canadian Aviation Electronics, Ltd. (CAE)
Gaumard Scientific Company
Intelligent Ultrasound Group Plc (Formerly Medaphor Group Plc)
Kyoto Kagaku Co., Ltd.
Laerdal Medical AS
Limbs & Things Ltd.
Mentice AB
Simulab Corporation
Simulaids, Inc.
Surgical Science Sweden AB
Virtamed AG
Table 1. Snapshot of North America Medical Simulation Market in Balanced Perspective, 2019-2026 16
Table 2. Growth Rate of World Real GDP, 2017-2021 19
Table 3. Main Product Trends and Market Opportunities in North America Medical Simulation Market 29
Table 4. North America Medical Simulation Market by Product & Service, 2016-2026, $ mn 37
Table 5. North America Medical Simulation Market: Model-based Simulation by Segment, 2016-2026, $ mn 39
Table 6. North America Medical Simulation Market: Patient Simulation by Segment, 2016-2026, $ mn 40
Table 7. North America Medical Simulation Market: Surgical Simulation by Segment, 2016-2026, $ mn 43
Table 8. North America Medical Simulation Market: Ultrasound Simulation by Segment, 2016-2026, $ mn 45
Table 9. North America Medical Simulation Market: Web-based Simulation by Segment, 2016-2026, $ mn 47
Table 10. North America Medical Simulation Market: Simulation Training Services by Segment, 2016-2026, $ mn 52
Table 11. North America Medical Simulation Market by Fidelity, 2016-2026, $ mn 56
Table 12. North America Medical Simulation Market by End User, 2016-2026, $ mn 61
Table 13. North America Medical Simulation Market by Country, 2016-2026, $ mn 68
Table 14. U.S. Medical Simulation Market by Product & Service, 2016-2026, $ mn 72
Table 15. U.S. Medical Simulation Market by Fidelity, 2016-2026, $ mn 72
Table 16. U.S. Medical Simulation Market by End User, 2016-2026, $ mn 72
Table 17. Canada Medical Simulation Market by Product & Service, 2016-2026, $ mn 75
Table 18. Canada Medical Simulation Market by Fidelity, 2016-2026, $ mn 75
Table 19. Canada Medical Simulation Market by End User, 2016-2026, $ mn 75
Table 20. Mexico Medical Simulation Market by Product & Service, 2016-2026, $ mn 77
Table 21. Mexico Medical Simulation Market by Fidelity, 2016-2026, $ mn 77
Table 22. Mexico Medical Simulation Market by End User, 2016-2026, $ mn 77
Table 23. 3D Systems Corporation: Company Snapshot 82
Table 24. 3D Systems Corporation: Business Segmentation 82
Table 25. 3D Systems Corporation: Product Portfolio 83
Table 26. 3D Systems Corporation: Revenue, 2016-2018, $ mn 83
Table 27. 3D Systems Corporation: Recent Developments 83
Table 28. Risk Evaluation for Investing in North America Market, 2019-2026 96
Table 29. Critical Success Factors and Key Takeaways 99
Figure 1. Research Method Flow Chart 9
Figure 2. Breakdown of Primary Research 11
Figure 3. Bottom-up Approach and Top-down Approach for Market Estimation 13
Figure 4. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2026 15
Figure 5. North America Medical Simulation Market, 2019-2026, $ mn 17
Figure 6. Impact of COVID-19 on Business 21
Figure 7. Primary Drivers and Impact Factors of North America Medical Simulation Market 23
Figure 8. Primary Restraints and Impact Factors of North America Medical Simulation Market 26
Figure 9. Investment Opportunity Analysis 30
Figure 10. Porter’s Fiver Forces Analysis of North America Medical Simulation Market 33
Figure 11. Breakdown of North America Medical Simulation Market by Product & Service, 2019-2026, % of Revenue 37
Figure 12. Contribution to North America 2020-2026 Cumulative Revenue by Product & Service, Value ($ mn) and Share (%) 38
Figure 13. North America Medical Simulation Market: Model-based Simulation, 2016-2026, $ mn 39
Figure 14. North America Medical Simulation Market: Patient Simulation, 2016-2026, $ mn 40
Figure 15. North America Medical Simulation Market: Surgical Simulation, 2016-2026, $ mn 42
Figure 16. North America Medical Simulation Market: Ultrasound Simulation, 2016-2026, $ mn 44
Figure 17. North America Medical Simulation Market: Web-based Simulation, 2016-2026, $ mn 46
Figure 18. North America Medical Simulation Market: Virtual Tutors, 2016-2026, $ mn 48
Figure 19. North America Medical Simulation Market: Performance Recording Software, 2016-2026, $ mn 49
Figure 20. North America Medical Simulation Market: Simulation Software, 2016-2026, $ mn 50
Figure 21. North America Medical Simulation Market: Learning Management Software, 2016-2026, $ mn 51
Figure 22. North America Medical Simulation Market: Simulation Training Services, 2016-2026, $ mn 52
Figure 23. North America Medical Simulation Market: Vendor-based Training, 2016-2026, $ mn 53
Figure 24. North America Medical Simulation Market: Custom Consulting Services, 2016-2026, $ mn 54
Figure 25. North America Medical Simulation Market: Educational Societies, 2016-2026, $ mn 55
Figure 26. Breakdown of North America Medical Simulation Market by Fidelity, 2019-2026, % of Revenue 56
Figure 27. Contribution to North America 2020-2026 Cumulative Revenue by Fidelity, Value ($ mn) and Share (%) 57
Figure 28. North America Medical Simulation Market: Low-fidelity, 2016-2026, $ mn 58
Figure 29. North America Medical Simulation Market: Medium-fidelity, 2016-2026, $ mn 59
Figure 30. North America Medical Simulation Market: High-fidelity, 2016-2026, $ mn 60
Figure 31. Breakdown of North America Medical Simulation Market by End User, 2019-2026, % of Revenue 62
Figure 32. Contribution to North America 2020-2026 Cumulative Revenue by End User, Value ($ mn) and Share (%) 62
Figure 33. North America Medical Simulation Market: Academic Institutions & Research Centers, 2016-2026, $ mn 63
Figure 34. North America Medical Simulation Market: Hospitals & Clinics, 2016-2026, $ mn 64
Figure 35. North America Medical Simulation Market: Military Organizations, 2016-2026, $ mn 65
Figure 36. North America Medical Simulation Market: Other End Users, 2016-2026, $ mn 66
Figure 37. Breakdown of North America Medical Simulation Market by Country, 2019 and 2026, % of Revenue 68
Figure 38. Contribution to North America 2020-2026 Cumulative Revenue by Country, Value ($ mn) and Share (%) 69
Figure 39. U.S. Medical Simulation Market, 2016-2026, $ mn 71
Figure 40. Canada Medical Simulation Market, 2016-2026, $ mn 74
Figure 41. Medical Simulation Market in Mexico, 2016-2026, $ mn 76
Figure 42. Growth Stage of North America Medical Simulation Industry over the Forecast Period 78

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