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Global Virtual Patient Simulation Market size was valued at USD 3.83 billion in 2021 and is poised to grow from USD 4.23 billion in 2022 to USD 9.4 billion by 2030, growing at a CAGR of 10.49% in the forecast period (2023-2030).

What is the key driver of the Global Virtual Patient Simulation Market?

Healthcare professionals are utilising virtual reality to expand the scope of patient care. With the aid of virtual reality medical care, experts can identify, diagnose, educate about, and cure medical issues swiftly. Virtual reality technologies are being used by psychiatrists more frequently to treat patients’ worries. In treatment sessions for claustrophobia, fear of the dark, height phobia, and other phobias that are on the rise, virtual reality is used in healthcare. It helps claustrophobic patients during MRI exams, for instance. Virtual reality is also being rapidly used into many forms of therapy, which drive the market growth.

Virtual Patient Simulation Market Size, Share, Growth Analysis, By Component(Hardware, software, content), By Application(Pain Management, Education & Training, Academic research institute, Surgery), By Technology(Haptic Technology, Tracking Techniques, Modeling Techniques, Visual Techniques), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Virtual Patient Simulation Market?

The Global Virtual Patient Simulation Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Simbionix USA Corporation (U.S.)', 'Surgical Science Sweden AB (Sweden)', 'Laerdal Medical (Norway)', 'B-Line Medical (U.S.)', 'Gaumard (U.S.)', 'Limbs and Things (U.K.)', 'Simulaids (U.S.)', 'Mentice AB (Sweden)', 'CAE Healthcare (Canada)', 'TheraSim Inc. (U.S.)', 'Simulated Surgical Systems (U.S.)', 'Dassault Systemes (France)', 'VirtaMed (Switzerland)', 'Voxel-Man (Germany)', 'Red Llama (U.S)'

Report ID: SQSG35G2032 | Region: Global | Published Date: February, 2024
Pages: 219 | Tables: 95 | Figures: 71

Virtual Patient Simulation Market News

Smith+Nephew Academy broadens worldwide access to professional medical education through virtual reality and other advanced simulation technologies in 2022
Surgical Science acquired 3D Systems’ Simbionix business in 2021 to strengthen its VR medical simulation offering.

Virtual Patient Simulation Market Report Snapshots

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Virtual Patient Simulation Market size was valued at USD 3.83 billion in 2019 and is poised to grow from USD 4.23 billion in 2023 to USD 9.4 billion by 2031, growing at a CAGR of 10.49% in the forecast period (2024-2031).

The Virtual Patient Simulation Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Simbionix USA Corporation (U.S.)', 'Surgical Science Sweden AB (Sweden)', 'Laerdal Medical (Norway)', 'B-Line Medical (U.S.)', 'Gaumard (U.S.)', 'Limbs and Things (U.K.)', 'Simulaids (U.S.)', 'Mentice AB (Sweden)', 'CAE Healthcare (Canada)', 'TheraSim Inc. (U.S.)', 'Simulated Surgical Systems (U.S.)', 'Dassault Systemes (France)', 'VirtaMed (Switzerland)', 'Voxel-Man (Germany)', 'Red Llama (U.S)'

Increase in scenarios for immersive technology: The growing use of augmented reality and virtual technologies is expected to push the market growth further. These technologies offer highly immersive experiences for healthcare professionals and easily share data across multiple channels.

North America dominated the market growth in 2022. Significant expenditures to integrate cutting-edge technologies like immersive technology, with medical processes. This will probably encourage the local market to grow. Similar to this, expanding healthcare research and development would accelerate regional market expansion.

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