South Korea Medical Simulation Market Size & Outlook
South Korea medical simulation market, 2018-2030 (US$M)
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South Korea medical simulation market highlights
- The South Korea medical simulation market generated a revenue of USD 88.5 million in 2023 and is expected to reach USD 284.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 18.1% from 2024 to 2030.
- In terms of segment, healthcare anatomical models was the largest revenue generating healthcare simulation in 2023.
- Simulation Training Services 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 88.5 million |
| Market revenue in 2030 | USD 284.1 million |
| Growth rate | 18.1% (CAGR from 2023 to 2030) |
| Largest segment | Healthcare anatomical models |
| Fastest growing segment | Simulation Training Services |
| 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, South Korea accounted for 3.1% 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 |
|---|
South Korea 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 98.42% in 2023. Horizon Databook has segmented the South Korea 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.
Various factors responsible for the growth of South Korea medical simulation market include growing medical tourism in South Korea, rising adoption of minimally invasive techniques in cosmetic surgeries, and rapid technological advancements.
To encourage medical tourism in the country, the government proposes a special visa to patients visiting a country for treatment and insurance, which covers both injury and death resulting from medical procedure or treatment.
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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 country-level data and insights on the South Korea medical simulation market , including forecasts for subscribers. This country databook contains high-level insights into South Korea medical simulation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea medical simulation market size, by healthcare simulation, 2018-2030 (US$M)
South Korea Medical Simulation Market Outlook Share, 2023 & 2030 (US$M)
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