The global medical simulation market is expected to expand through 2021, according to a RR Market Research report.
Here are five key takeaways:
1. The market is expected to increase at a compound annual growth rate of 15.2 percent.
2. By 2021, the market is projected to reach $2.27 billion.
3. Rising healthcare costs, more focus on patient safety, higher demand for minimally invasive treatments, technological advancements and market consolidation are driving market growth.
4. North America dominates the market, comprising almost 50 percent of the market share. The Asia-Pacific region and Latin America have high potential for growth in the forecasted period.
5. Key market vendors include CAE, Laerdal Medical, 3D Systems, Simulab, Simulaids, Limbs and Things, Kyoto Kagaku, Mentice, Surgical Science Sweden and Gaumard Scientific.
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