Europe Medical Simulation Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 12.70 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Medical Simulation Market Analysis
The Europe Medical Stimulation market is expected to register a CAGR of 12.7% over the forecast period.
The outbreak of the COVID-19 pandemic has pushed the medical device industry into action, with a race to develop both therapeutic and preventive devices. Exponentially increasing cases of the coronavirus worldwide are leading to the need for the development of novel treatments, with several clinical trials underway. Meanwhile, the manufacturers of medical devices were highly focused on developing vaccines and drugs, which can also be applied in the diagnosis and treatment of COVID-19, increasing the rate of clinical trials to a great extent. During COVID-19 many companies in Europe have taken initiatives to continue the education of medical stimulation without any disruption. For instance, during the pandemic, VirtaMed initiated numerous tours to support continued medical stimulation education and arranged workshops for residents across Switzerland, France, and Germany. The company also launched a new way of supplying medical training with the latest healthcare simulation solutions in 2020. It was also Switzerland's first mobile surgical simulation lab to deliver risk-free training to the doors of university hospitals and toured for three months. The mobile surgical simulation lab was equipped with the latest mixed reality simulators and has traveled over 2,000 kilometers around Switzerland. The laboratory also visited a total of 16 Swiss university hospitals as well. Therefore, such instances indicate that the market witnessed a considerable growth during the pandemic.
The continuous technological advancements, increasing concerns over patient safety, and increasing demand for minimally invasive treatments are the major drivers for the market growth. For instance, as per the report of Global Obesity Observatory 2021, 24.5% men were obese and 43.8% were overweight in Germany in 2020. Therefore, owing to such percentages the National Obesity Risk predicted was 7/10 which was much higher and an issue of concern for Germany in 2021. Thus, such a scenario has increased the awareness about obesity in Germany owing to which majority of the people are opting for minimally invasive aesthetic surgeries for weight loss. This factor is fueling the demand for aesthetic devices across the country. The use of stimulation techniques in minimally invasive surgeies improves the patient safety thus, majority of the surgeons are utilizing such techniques in minimally invasive surgeries. Therefore, such factors are anticipated to propel the market growth over the forecast period.
However, high cost of simulators and reluctant to adopt new training methods are likely to hinder the market growth over the forecast period.
Europe Medical Simulation Market Trends
This section covers the major market trends shaping the Europe Medical Simulation Market according to our research experts:
Laparoscopic Surgical Simulators is Expected to Witness Growth Over the Forecast Period
Surgeons are shifting to minimally invasive surgeries, primarily towards laparoscopy and robotic surgery from open surgery. There has been rapid adoption of minimally invasive surgeries in cholecystectomy, appendectomy, gastric bypass, ventral hernia repair, colectomy, prostatectomy, tubal ligation, hysterectomy, and myomectomy procedures. However, laparoscopy and robotic surgeries require skilled surgeons to deliver successful procedures. Simulation-based training is an important strategy for skill development in competency-based curricula, particularly for laparoscopic surgery as it requires high knowledge to maintain the patient's safety. Furthermore, many medical training institutions have found that integrating laparoscopic simulation into their curriculum improves training outcomes and ultimately promotes better patient care.
The continuous product launch and innovations related to medical simulation by companies are the major drivers for the segment. For instance, in October 2020, VirtaMed launched a new LaparoS Laparoscopy Surgical Simulator with a mobile sim lab tour across Europe. This laparoscopic simulator uniquely offers key preparation steps for laparoscopic procedures, including realistic patient positioning, free trocar placement, and the ability for multiple surgeons to operate on the same simulated patient simultaneously. It also provides condensed training focused on short sequences of teaching transferable key skills, including instrument triangulation and bimanual coordination, identifying anatomy, performing various dissection techniques, safe cutting and cutting, and dealing with complications. Therefore, such innovations are anticipated to propel the segment growth over the forecast period.
United Kingdom is Expected to Dominate the Europe Medical Stimulation Market Over the Forecast Period
The United Kingdom is expected to dominate the overall Europe medical simulation market over the forecast period. The growth is due to factors such as increasing cases of diabetes leading to the rising number of surgeries, a rising geriatric population, and a growing number of cardiac diseases. For instance, the British Heart Foundation has established a Strategy 2030 through which it is promoting the information about prevention and treatment of heart diseases and planning to increase its funding for better research. Such initiatives are expected to propel the demand for cardiac surgical simulators in the United Kingdom.
The developments related to medical simulation by the public and private sectors are one of the key factors for market growth in the United Kingdom. For instance, in December 2021, Aston University plans to open new healthcare simulation facilities. This high-fidelity acute care simulation room will be equipped with recording equipment, an interview room, and a control room. The funding will enable the purchase of additional training equipment such as a hospital bed and single task simulator equipment. It will also help to teach a variety of emergency resuscitation scenarios which are very difficult to teach in real life situations such as heart attacks, acute dyspnoea and severe allergic reaction and will be very useful in training medical and pharmacy students.
Therefore, owing to the aforesaid factors the growth of the studied market is anticipated in the United Kingdom.
Europe Medical Simulation Industry Overview
The Europe medical simulation market is highly fragmented, and with many small and medium players, the competition is high. Additionally, the market has been experiencing the entry of new players over the past few years, owing to the rising popularity of simulation technology. The competitive landscape includes an analysis of a few international as well as local companies which hold the market shares and are well known including 3B Scientific GmbH, B-Line Medical LLC (Subsidiary Ofatellis Inc.), CAE, Education Management Solutions Inc. (EMS), Ingmar Medical Ltd, Mentice AB, Surgical Science Sweden AB, and Simulab Corporation among others.
Europe Medical Simulation Market Leaders
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Surgical Science Sweden AB
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Mentice AB
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Simulab Corporation
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CAE Healthcare
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3B Scientific GmbH
*Disclaimer: Major Players sorted in no particular order
Europe Medical Simulation Market News
- In May 2022, Germany-based leading endovascular simulator supplier CATHI partnered with the United Kingdom-based Vascular Simulation Solutions (VSS) to launch the world's first online training masterclass using endovascular simulation coupled with a structured curriculum.
- In January 2021, Olympus adopted LapAR to deliver revolutionary national surgical training programs across the United Kingdom and beyond.
Europe Medical Simulation Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Defination
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Continuous Technological Advancements
4.2.2 Increasing Concerns over Patient Safety
4.2.3 Increasing Demand for Minimally Invasive Treatments
4.3 Market Restraints
4.3.1 High Cost of Simulators and Reluctant to Adopt New Training Methods
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD Million)
5.1 By Product
5.1.1 Interventional/Surgical Simulators
5.1.1.1 Laparoscopic Surgical Simulators
5.1.1.2 Gynaecology Surgical Simulators
5.1.1.3 Cardiac Surgical Simulators
5.1.1.4 Arthroscopic Surgical Simulators
5.1.1.5 Other Products
5.1.2 Task Trainers
5.1.3 Other Products
5.2 By Services and Software
5.2.1 Web-based Simulation
5.2.2 Medical Simulation Software
5.2.3 Simulation Training Services
5.2.4 Other Services and Software
5.3 By End User
5.3.1 Academic and Reseach Institutes
5.3.2 Hospitals
5.4 By Technology
5.4.1 High-fidelity Simulators
5.4.2 Medium-fidelity Simulators
5.4.3 Low-fidelity Simulators
5.5 Geography
5.5.1 Germany
5.5.2 United Kingdom
5.5.3 France
5.5.4 Italy
5.5.5 Spain
5.5.6 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3B Scientific GmbH
6.1.2 B-Line Medical LLC (Subsidiary of Atellis Inc.)
6.1.3 CAE Healthcare
6.1.4 Education Management Solutions Inc. (EMS)
6.1.5 Ingmar Medical Ltd
6.1.6 Mentice AB
6.1.7 Surgical Science Sweden AB
6.1.8 Simulab Corporation
6.1.9 MEDICAL-X
6.1.10 Laerdal Medical
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Medical Simulation Industry Segmentation
As per the scope of the report, medical simulation is the modern-day methodology for training healthcare professionals through the use of advanced educational technology. Medical simulation is experiential learning that every healthcare professional may need, but cannot be always engaged in during real-life patient care. The Europe Medical Simulation Market is segmented by Products (Interventional/Surgical Simulators, Task Trainers, and Other Products), Services and Software (Web-based Simulation, Medical Simulation Software, Simulation Training Services, and Other Services and Software), End Users (Academic and Research Institutes and Hospitals), Technology (High-fidelity Simulators, Medium-fidelity Simulators, and Low-fidelity Simulators), and Geography (Germany, United Kingdom, France, Italy, Spain, and Rest of Europe). The report offers the value (in USD million) for the above segments.
| By Product | |||||||
| |||||||
| Task Trainers | |||||||
| Other Products |
| By Services and Software | |
| Web-based Simulation | |
| Medical Simulation Software | |
| Simulation Training Services | |
| Other Services and Software |
| By End User | |
| Academic and Reseach Institutes | |
| Hospitals |
| By Technology | |
| High-fidelity Simulators | |
| Medium-fidelity Simulators | |
| Low-fidelity Simulators |
| Geography | |
| Germany | |
| United Kingdom | |
| France | |
| Italy | |
| Spain | |
| Rest of Europe |
Europe Medical Simulation Market Research FAQs
What is the current Europe Medical Simulation Market size?
The Europe Medical Simulation Market is projected to register a CAGR of 12.70% during the forecast period (2024-2029)
Who are the key players in Europe Medical Simulation Market?
Surgical Science Sweden AB, Mentice AB, Simulab Corporation, CAE Healthcare and 3B Scientific GmbH are the major companies operating in the Europe Medical Simulation Market.
What years does this Europe Medical Simulation Market cover?
The report covers the Europe Medical Simulation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Medical Simulation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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