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Global Virtual Patient Simulation Market size was valued at USD 3.83 billion in 2021 and is poised to grow from USD 4.23 billion in 2022 to USD 9.4 billion by 2030, growing at a CAGR of 10.49% in the forecast period (2023-2030).

What is the key driver of the Global Virtual Patient Simulation Market?

Healthcare professionals are utilising virtual reality to expand the scope of patient care. With the aid of virtual reality medical care, experts can identify, diagnose, educate about, and cure medical issues swiftly. Virtual reality technologies are being used by psychiatrists more frequently to treat patients’ worries. In treatment sessions for claustrophobia, fear of the dark, height phobia, and other phobias that are on the rise, virtual reality is used in healthcare. It helps claustrophobic patients during MRI exams, for instance. Virtual reality is also being rapidly used into many forms of therapy, which drive the market growth.

Global Virtual Patient Simulation Market Size, Share, Growth Analysis, By Component(Hardware, software), By Application(Pain Management, Education & Training), By Technology(Haptic Technology, Tracking Techniques) - Industry Forecast 2024-2031

Report ID: SQSG35G2032 | Region: Global | Published Date: February, 2024
Pages: 219 | Tables: 95 | Figures: 71

Global Virtual Patient Simulation Market Insights

Virtual Patient Simulation Market size was valued at USD 3.83 billion in 2019 and is poised to grow from USD 4.23 billion in 2023 to USD 9.4 billion by 2031, growing at a CAGR of 10.49% in the forecast period (2024-2031).

By using virtual reality technology, the method of “virtual patient simulation” allows medical personnel to practice in a synthetic environment. This kind of simulation, which mimics various clinical circumstances, enables a more authentic experience. Additionally, it allows exercise repetition and performance evaluation. Virtual patient simulators are therefore growing in popularity. The creation of a virtual environment for patients is referred to as virtual patient simulation. By using this technology, it adds to the desired experience to be used for training and evaluation purposes. This technique enhances the standard of healthcare services while lowering the incidences of clinical errors.

For hospitals and doctors, virtual patient simulation remains beneficial. Planning, treating, and diagnosing people with autism, phobias, depression, and addiction all is included under an umbrella technology. Virtual reality has several advantages, and healthcare professionals are already implementing telehealth operations. The technology has demonstrated to be an effective tool for challenging treatments since it offers risk-free settings.

US Virtual Patient Simulation Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Virtual Patient Simulation Market Report Snapshots

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The Global Virtual Patient Simulation Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Simbionix USA Corporation (U.S.)', 'Surgical Science Sweden AB (Sweden)', 'Laerdal Medical (Norway)', 'B-Line Medical (U.S.)', 'Gaumard (U.S.)', 'Limbs and Things (U.K.)', 'Simulaids (U.S.)', 'Mentice AB (Sweden)', 'CAE Healthcare (Canada)', 'TheraSim Inc. (U.S.)', 'Simulated Surgical Systems (U.S.)', 'Dassault Systemes (France)', 'VirtaMed (Switzerland)', 'Voxel-Man (Germany)', 'Red Llama (U.S)'

Increase in scenarios for immersive technology: The growing use of augmented reality and virtual technologies is expected to push the market growth further. These technologies offer highly immersive experiences for healthcare professionals and easily share data across multiple channels.

North America dominated the market growth in 2022. Significant expenditures to integrate cutting-edge technologies like immersive technology, with medical processes. This will probably encourage the local market to grow. Similar to this, expanding healthcare research and development would accelerate regional market expansion.

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Global Virtual Patient Simulation Market Size, Share, Growth Analysis, By Component(Hardware, software), By Application(Pain Management, Education & Training), By Technology(Haptic Technology, Tracking Techniques) - Industry Forecast 2024-2031

Global Virtual Patient Simulation Market Insights

Global Virtual Patient Simulation Market Report Snapshots

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