Canada Medical Simulation Market Size & Outlook, 2023-2030
Canada medical simulation market, 2018-2030 (US$M)
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Canada medical simulation market highlights
- The Canada medical simulation market generated a revenue of USD 223.9 million in 2023 and is expected to reach USD 663.3 million by 2030.
- The Canada market is expected to grow at a CAGR of 16.8% from 2024 to 2030.
- In terms of segment, web based simulators was the largest revenue generating healthcare simulation in 2023.
- Web Based Simulators is the most lucrative healthcare simulation segment registering the fastest growth during the forecast period.
Medical simulation market data book summary
| Market revenue in 2023 | USD 223.9 million |
| Market revenue in 2030 | USD 663.3 million |
| Growth rate | 16.8% (CAGR from 2023 to 2030) |
| Largest segment | Web based simulators |
| Fastest growing segment | Web Based Simulators |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Healthcare Anatomical Models, Web Based Simulators, Simulation Training Services, Healthcare Simulation Software |
| Key market players worldwide | CAE Inc, Laerdal Medical, 3D Systems Corp, Shimadzu Corp, Surgical Science Sweden AB, Limbs & Things, Simulaids, Gaumard Scientific, Mentice, Simulab Corporation |
Other key industry trends
- In terms of revenue, Canada accounted for 7.8% of the global medical simulation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. medical simulation market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 663.3 million by 2030.
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Medical Simulation Market Scope
Medical Simulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada medical simulation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medical simulation market will help companies and investors design strategic landscapes.
Web based simulators was the largest segment with a revenue share of 27.47% in 2023. Horizon Databook has segmented the Canada medical simulation market based on healthcare anatomical models, web based simulators, simulation training services, healthcare simulation software covering the revenue growth of each sub-segment from 2018 to 2030.
According to Canadian Society for Medical Laboratory Science, patient safety and other ethical issues are the main reasons for implementation of simulation methods for teaching health professionals. These simulation methods are of special interest to stakeholders operating in the healthcare industry.
The high-end techniques require licensing and professional certification for performing techniques, thus practicing using simulation systems offers an edge to healthcare practitioners. The country majorly contributes to the market with the presence of Canadian Aviation Electronics, Ltd.
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Our clientele includes a mix of medical simulation market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada medical simulation market , including forecasts for subscribers. This country databook contains high-level insights into Canada medical simulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada medical simulation market size, by healthcare simulation, 2018-2030 (US$M)
Canada Medical Simulation Market Outlook Share, 2023 & 2030 (US$M)
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