The global healthcare simulators market size was valued at US$ 1,347.9 million in 2017, and is expected to witness a CAGR of 14.7% over the forecast period (2018 – 2026).
Global Healthcare Simulators Market Share (%) Analysis, By Product and Services, 2018
Increasing Number of Medical Institutes and Educational Tourism is expected to Drive Growth of the Global Healthcare Simulators Market
Healthcare institutes or organizations are adopting simulators to train medical specialists and professionals to reduce the risk of adverse accidents during general practice, treatment, and surgery. Increasing number of medical institutes and healthcare training centers is a major factor that is expected to fuel demand for healthcare simulators worldwide. According to the World Directory of Medical Schools of 2016, nearly one-third of the medical schools of the world are concentrated in one of the five countries, which are India, China, the U.S., Brazil, and Pakistan and 10 countries account for nearly 50% of the medical schools. Moreover, China occupies the third position in the list of most recognized medical schools worldwide, after India and Brazil.
Furthermore, according to Journal of Medical Education and Training, 2018, China is reforming its education system by merging new medical schools, expanding medical enrolment, and increasing class sizes, which would support tourism associated with medical education. It has been studied that a large number of foreign students enroll for higher education in science and arts fields in China. Therefore, the medical industry in China is growing at a trajectory rate suggesting increasing demand for healthcare simulators to train medical students.
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