The North American medical simulation market is estimated to grow modestly at a CAGR of around 10.6% during the forecast period. North America has a considerable market share in the medical simulation market due to well-developed infrastructure, growing adoption of VR and AR in the healthcare sector and increasing demand for minimally invasive treatments in the region. Moreover, the North American region has a well-developed ICT sector and employs the adoption of a larger number of connected devices which further supports the use of VR and AR in the healthcare sector of the region.
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The major countries which contributes to the market growth are the US and Canada. The minimally invasive surgical procedure requires proper training and knowledge about the procedure, which can be fulfilled by using the simulations. The North American minimally invasive treatment market has been one of the best across the globe, offering world-class treatments to the patients. Several players that are primarily serving in minimally invasive treatments segment have introduced several new innovative devices in the market that have proven to enhance the effectiveness of the procedure. For instance, the Da Vinci series of the surgical robotic system by Intuitive Surgical, Inc. which is designed for multiple procedures such as GI, urology, neurology and so on. In addition, North American Spine offers minimally invasive spine surgery options for the treatment of back conditions, including bulging disc, spondylosis, sciatica and scoliosis.
The companies which are contributing to the growth of the North American medical simulation market include CAE Healthcare, Charles River Analytics Inc., Simulaids Inc., Flexsim Software Products, Inc., and 3D System, Inc. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in May 2018, CAE Healthcare and the American Society of Anesthesiologists launched the latest, screen-based simulation training product line, Anesthesia SimSTAT. It is designed to provide physician anesthesiologists with advanced training, which enables them to manage aesthetic emergencies, patients going through laparoscopic surgeries for acute appendicitis.
North American Medical Simulation Market Segmentation
By Products and Services
- Web-based Simulation
- Model-based Simulation
- Simulation Training Services
By Fidelity
- Low Fidelity
- Medium Fidelity
- High Fidelity
- North American Medical Simulation Market by End-Users
- Academic Institutes and Research Centers
- Military Organizations
- Hospitals
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North American Medical Simulation Market Regional Analysis
- United States
- Canada
