Latin America Medical Simulation Market Size & Outlook
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Latin America medical simulation market highlights
- The Latin America medical simulation market generated a revenue of USD 99.6 million in 2024.
- The market is expected to grow at a CAGR of 18% from 2025 to 2030.
- In terms of segment, healthcare anatomical models was the largest revenue generating product in 2024.
- Healthcare Simulation Software is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 99.6 million |
| Market revenue in 2030 | USD 267.2 million |
| Growth rate | 18% (CAGR from 2025 to 2030) |
| Largest segment | Healthcare anatomical models |
| Fastest growing segment | Healthcare Simulation Software |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Healthcare Anatomical Models, Healthcare Simulation Software, Simulation Training Services |
| 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, Latin America region accounted for 4.1% of the global medical simulation market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,377.0 million by 2030.
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Medical Simulation Market Scope
Medical Simulation Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Simulab Corporation | View profile | 101-250 | Seattle, Washington, United States, North America | https://www.simulab.com/ |
| Mentice | View profile | 101-250 | Gothenburg, Vastra Gotaland, Sweden, Europe | http://www.mentice.com |
| Gaumard Scientific | View profile | 251-500 | Miami, Florida, United States, North America | http://gaumard.com |
| Simulaids | View profile | 1-10 | Coalville, Leicestershire, United Kingdom, Europe | https://simulaids.co.uk |
| Limbs & Things | View profile | 101-250 | Bristol, Bristol, City of, United Kingdom, Europe | https://limbsandthings.com/ |
| Surgical Science Sweden AB | View profile | 256 | Drakegatan 7A, Gothenburg, Sweden, SE-412 50 | https://www.surgicalscience.com |
| Laerdal Medical | View profile | 1001-5000 | Wappingers Falls, New York, United States, North America | http://www.laerdal.com |
| CAE Inc | View profile | 13000 | 8585 Cote de Liesse, Saint-Laurent, QC, Canada, H4T 1G6 | https://www.cae.com |
| 3D Systems Corp | View profile | 2032 | 333 Three D Systems Circle, Rock Hill, SC, United States, 29730 | https://www.3dsystems.com |
| Shimadzu Corp | View profile | 15284 | 1, Nishinokyo-Kuwabara-cho, Nakagyo-ku, Kyoto, Japan, 604-8511 | http://www.shimadzu.com |
Latin America 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 70.18% in 2024. Horizon Databook has segmented the Latin America medical simulation market based on healthcare anatomical models, healthcare simulation software, simulation training services covering the revenue growth of each sub-segment from 2018 to 2030.
Healthcare systems in emerging countries of Latin America have been showing significant development since the last decade. Increase in healthcare expenditure is estimated to support development of medical infrastructure, which is expected to fuel the market growth in the region.
Unified health systems in Brazil and social health insurance programs in Chile are some of the examples of developments in the region. Growing awareness regarding information and support provided by government agencies is driving the market in this region.
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Target buyers of Latin America medical simulation market databook
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Our clientele includes a mix of medical simulation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America medical simulation market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America medical simulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America medical simulation market size, by country, 2018-2030 (US$M)
Latin America Medical Simulation Market Outlook Share, 2024 & 2030 (US$M)
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