Summary
The global Healthcare Simulation Software Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Healthcare simulation is a kind of medical training program which simulates real-life hospital operations and similar situations that doctors, nurses and other medical staff face in their work. Healthcare simulation software has the ability to put a medical professional in control of a specific hospital or medical center and let him or her to experience the daily operations of a hospital from the point of view of a medical patient. Healthcare professionals involved in this field are often considered as the first line of support for medical facilities. In order to successfully prepare these medical professionals, it is important to use the most up to date software available.
Market Dynamics
Launch of bachelor’s program that focuses on healthcare simulation is expected to aid in growth of the global healthcare simulation software market over the forecast period. For instance, in April 2021, Carolinas College of Health Sciences launched a new bachelor’s program in Charlotte, North Carolina, U.S., which is expected to focus on healthcare simulation. Moreover, funding for healthcare simulation is also expected to aid in growth of the market. For instance, in April 2021, Northern Maine Community College, Maine, U.S., secured grant for US$ 1 million for Emergency Medical Services simulation lab expansion.
Emergence of Covid-19 is expected to offer lucrative growth opportunities for players in the global healthcare simulation software market. Globally, as of 3:32pm CEST, 15 April 2021, there have been 137,866,311 confirmed cases of COVID-19, including 2,965,707 deaths, as reported to the World Health Organization. Moreover, development and launch of pandemic healthcare simulation solutions is also expected to aid in growth of the market. For instance, in January 2021, Columbia University Mailman School of Public Health launched astrategic decision-making and team-building exercise for pandemic management for hospital executives.
Key Takeaways
- Launch of bachelor’s program that focuses on healthcare simulation is expected to aid in growth of the global healthcare simulation software market over the forecast period
- Major players operating in the global healthcare simulation software market are focused on launching new products and versions to enhance their market share. For instance, in January 2020, Kitware released the latest versions of two of its medical training and simulation toolkits – the Interactive Medical Simulation Toolkit (iMSTK) 2.0 and the Pulse Physiology Engine (Pulse) 2.3.
- Major players operating in the global healthcare simulation software market include, The AnyLogic Company, TALUMIS, Simio LLC, CreateASoft Inc., TWM, Mentice, Minerva Medical Simulation, CAE Healthcare, Kitware, LanceSoft Engineering, FlexSim Software Products, Inc., Lanner Group Limited, VirtaMed, Health Scholars, and SimTabs
The Healthcare Simulation Software Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Healthcare Simulation Software Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- The AnyLogic Company
- TALUMIS
- Simio LLC
- CreateASoftInc.
- TWM
- Mentice
- Minerva Medical Simulation
- CAE Healthcare
- LanceSoft Engineering.
- FlexSim Software Products, Inc.
- Lanner Group Limited
- VirtaMed
- Health Scholars
- SimTabs
By the Product Type, the market is primarily segmented into:
- Spreadsheets
- Discrete Event Simulators
- Agent-based Simulators
- Continuous Simulators
- Hybrid Simulators
By Applications, the market is segmented into:
- split into
- Hospital
- Clinic
- Other Organizations
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Healthcare Simulation Software Market Report:
- To assess the size of the market by value and volume
- Analyze the Healthcare Simulation Software Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Healthcare Simulation Software Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Healthcare Simulation Software Market
The Healthcare Simulation Software Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Healthcare Simulation Software Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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