The European medical simulation market is estimated to grow modestly, at a CAGR of around 11.4%, during the forecast period. The European market is driven by the increasing adoption of minimally invasive treatments across the region. Germany and France are expected to dominate the overall European region during the forecast period. Moreover, the demand for medical simulation products is also expected to increase in the region owing to the increasing prevalence of non-communicable diseases, high focus on improving patient’s quality of life and increasing healthcare expenditure in the region.
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UK, Spain, Germany, France, and Italy are the major economies of Europe that are contributing significantly towards the growth of the market. In addition, the rising aging population is also an important driving factor affecting the demand for minimally invasive surgeries in the region which is expected to drive the growth of the medical simulation market in the coming years. The European market is expected to grow because it is one of there are numerous companies in the region that are venturing into the virtual reality market in the region. As these companies engage in expanding their portfolio by the emerging healthcare sector, the opportunities for the growth of the medical simulation market is expected to grow significantly over the forecast period.
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The companies which are contributing to the growth of the European medical simulation market include TruCorp Ltd., EMD Services Ltd., Surgical Science Inc., Limbs & Things Ltd., and 3B Scientific GmbH. 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 November 2017, Limbs & Things Ltd. announced the launch of the 10th edition kit of the Advanced Trauma Life Support (ATLS). The product is expected to assist training providers during the treatment of trauma patients.
Market Segmentation
European Medical Simulation Market by Products and Services
- Web-based Simulation
- Model-based Simulation
- Simulation Training Services
European Medical Simulation Market by Fidelity
- Low Fidelity
- Medium Fidelity
- High Fidelity
European Medical Simulation Market by End-Users
- Academic Institutes and Research Centers
- Military Organizations
- Hospitals
Regional Analysis
- UK
- Germany
- Italy
- France
- Spain
- Rest of Europe
Company Profiles
- 3B Scientific GmbH
- Adam Rouilly Ltd.
- Altay Scientific Group S.R.L.
- EMD Services Ltd.
- Limbs & Things Ltd.
- Medaphor Group PLC
- MEDICAL-X
- Mentice AB
- Simendo B.V.
- Surgical Science Inc.
- TruCorp Ltd.
- VRmagic Holding AG
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