India Medical Simulation Market Size & Outlook, 2023-2030
India medical simulation market, 2018-2030 (US$M)
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India medical simulation market highlights
- The India medical simulation market generated a revenue of USD 129.1 million in 2023 and is expected to reach USD 425.1 million by 2030.
- The India market is expected to grow at a CAGR of 18.6% from 2024 to 2030.
- In terms of segment, healthcare anatomical models 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 129.1 million |
| Market revenue in 2030 | USD 425.1 million |
| Growth rate | 18.6% (CAGR from 2023 to 2030) |
| Largest segment | Healthcare anatomical models |
| 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, India accounted for 4.5% 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 Asia Pacific, India medical simulation market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 315.3 million by 2030.
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Medical Simulation Market Scope
Medical Simulation Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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.
Healthcare anatomical models was the largest segment with a revenue share of 98.45% in 2023. Horizon Databook has segmented the India 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 the article MEDSIM- Medical Simulation-based learning using virtual patients in the magazine called eHealth, in India, around 330 medical colleges are offering medical education with hands-on hospital experiences.
The healthcare infrastructure is developing at a rapid rate and laboratory techniques, training, and learning programs, electronic medical records (EMR) are being upgraded, boosting the adoption of many other medical services and products.
The application of technology in medical college classrooms and training centers has been growing rapidly in recent years. A Harvard University study revealed that nearly 5,000,000 deaths occur in the country annually due to medical errors.
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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 India medical simulation market , including forecasts for subscribers. This country databook contains high-level insights into India medical simulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India medical simulation market size, by healthcare simulation, 2018-2030 (US$M)
India Medical Simulation Market Outlook Share, 2023 & 2030 (US$M)
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