The European healthcare/medical simulation market is broadly segmented into products and services. The market was valued at $453 million in 2016 and is poised to grow at a CAGR of 18.6% in the forecast period to reach $950.3 million by 2021.
The major driving force for the market are Increasing healthcare costs, Continuous innovation in technology, and increasing demand for noninvasive technologies. While major constraint for the market are Increasing cost of medical simulators, Economic slowdown, and limited funds issued by the government.
The market is divided based on Type of products(Software, Human Patient Simulators, Interventional simulation, Task traines/ Low fidelity, Anciliary products, Imaging simulation, Simulation education, Simulated Clinical Enviornments), based on geography(France, Italy, Germany, Spain, Swedan).Europe closely follows the America in terms of huge growth and increasing population of aged people. Asian countries such as India, China, South Korea, Malaysia, Thailand, and Singapore are likely to provide a growing market due to their increasing per capita income and emerging economy.
Prominent players in this market are Laerdal Medical (Norway), Limbs and Things (U.K.).
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