MANNEQUIN-BASED SIMULATION MARKET ANALYSIS

Market Challenges And Opportunities

Affordability and rising implementation of simulation significantly bolstering the market

The perception of using replica model is to acquire the medical expertise is on the demand as the simulation technique model is affordable and easy to practice medical procedure instead of directly applying on the patient which might become life-threatening to a patient. Increasing demand for minimally invasive treatment and rising focus on patient’s safety are the factors driving the market growth. Moreover, rising implementation of simulation technology is another factor anticipated to drive the market growth. For instance, according to a report on the U.S. medical schools curricula by the Association of American Medical Colleges in 2014, 136 out of 140 medical schools participated in the survey had simulation centers in which mannequin based simulation was one of the most commonly practiced type of healthcare education provided to the medical students. These models are also used in military organizations to provide soldiers skillfulness to act in the war zone. Hence, the high need and acceptance of simulation in army and medical administration correspondingly is fueling the growth of mannequin-based simulation market. However, limited availability of funds provided by government as well as simulation promoters to produce number of mannequin model is the major factor hampering the market growth.