The Europe patient simulators market is expected to reach US$ 718.1 Mn in 2025 from US$ 217.2 Mn in 2017. The Europe patient simulators market is estimated to grow with a CAGR of 16.3% from 2018-2025.
Patient simulators market is segmented by product and end user. Europe patient simulators market, based on the product was segmented into adult patient simulator, infant simulator, and childbirth simulator. The patient simulators market, based on end user was segmented into academic institutes, hospitals, and military organizations.
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The objective of the study is to describe, define, and forecast the patient simulators market by product, end user and country. The report also provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and trends). The report helps to analyze market with respect to individual growth trends, prospects, and contributions to the overall market.
The report analyzes factors affecting patient simulators market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all countries namely; Germany, France, UK, Italy and Spain after evaluating political, economic, social and technological factors effecting the market in these countries.
The major players operating in the Europe patient simulators market include CAE Healthcare, Laerdal Medical, 3D Systems, Inc., VirtaMed AG, Altay Scientific Group S.r.l., Gaumard Scientific, Ambu A/S, SIMStation GmbH, Simulaids, and Mentice AB among othrers. For instance, in March 2018, VirtaMed AG developed new and advanced products VirtaMed UroS and VirtaMed GynoS simulators. The launch increased the ability to strengthen the portfolio of simulators. The developments performed by the companies are helping the market to grow in the coming years.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION 9
1.1 SCOPE OF THE STUDY 9
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 9
2. EUROPE PATIENT SIMULATORS MARKET- KEY TAKEAWAYS 10
3. EUROPE PATIENT SIMULATORS MARKET - MARKET LANDSCAPE 12
3.1 OVERVIEW 12
3.2 MARKET SEGMENTATION 12
3.2.1 Europe Patient Simulators Market- By Product 13
3.2.2 Europe Patient Simulators Market - By End User 13
3.2.3 Europe Patient Simulators Market - By Geography 14
3.3 PEST ANALYSIS 15
3.3.1 Europe - PEST Analysis 15
3.3.1.1 Germany 15
3.3.1.2 UK 16
3.3.1.3 France 17
3.3.1.4 Italy 18
3.3.1.5 Spain 19
4. EUROPE PATIENT SIMULATORS MARKET - KEY MARKET DYNAMICS 20
4.1 KEY MARKET DRIVERS 20
4.1.1 Increasing Demand for Minimally Invasive Treatment Methods 20
4.1.2 Growing Technological Advancement 21
4.1.3 Rising Focus on Patient Safety 21
4.2 KEY MARKET CHALLENGE 22
4.2.1 High Cost of Patient Simulators 22
4.3 KEY MARKET OPPORTUNITY 23
4.3.1 Growth Potential in Emerging Markets 23
4.4 FUTURE TREND 24
4.4.1 Virtual Reality and Augmented Reality in Patient Simulators 24
4.5 IMPACT ANALYSIS 25
5. PATIENT SIMULATORS MARKET- EUROPE ANALYSIS 26
5.1 EUROPE PATIENT SIMULATORS MARKET REVENUE FORECASTS AND ANALYSIS (US$ MN) 26
5.2 EUROPE PATIENT SIMULATORS MARKET, BY GEOGRAPHY - FORECASTS AND ANALYSIS 27
5.3 PERFORMANCE OF KEY PLAYERS 28
5.3.1 Product Matrix 28
5.3.1.1 Global Region: Performance of the Players 28
5.3.1.2 European Region: Performance of the Players 29
5.4 EXPERT OPINIONS 29
6. EUROPE PATIENT SIMULATORS MARKET ANALYSIS - BY PRODUCT 30
6.1 OVERVIEW 30
6.2 EUROPE PATIENT SIMULATORS MARKET SHARES BY PRODUCT, 2017 & 2025 (%) 30
6.3 ADULT PATIENT SIMULATORS MARKET 31
6.3.1 Overview 31
6.3.2 Europe Adult Patient Simulators Market Revenue and Forecasts to 2025 (US$ Mn) 31
6.4 INFANT SIMULATORS MARKET 32
6.4.1 Overview 32
6.4.2 Europe Infant Simulators Market Revenue and Forecasts to 2025 (US$ Mn) 32
6.5 CHILDBIRTH SIMULATORS MARKET 33
6.5.1 Overview 33
6.5.2 Europe Childbirth Simulators Market Revenue and Forecasts to 2025 (US$ Mn) 33
7. EUROPE PATIENT SIMULATORS MARKET ANALYSIS - BY END USER 34
7.1 OVERVIEW 34
7.2 EUROPE PATIENT SIMULATORS MARKET SHARES BY END USER, 2017 & 2025 (%) 34
7.3 ACADEMIC INSTITUTES MARKET 35
7.3.1 Overview 35
7.3.2 Europe Academic institutes Market Revenue and Forecasts to 2025 (US$ Mn) 35
7.4 HOSPITALS MARKET 36
7.4.1 Overview 36
7.4.2 Europe Hospitals Market Revenue and Forecasts to 2025 (US$ Mn) 36
7.5 MILITARY ORGANIZATIONS MARKET 37
7.5.1 Overview 37
7.5.2 Europe Military Organizations Market Revenue and Forecasts to 2025 (US$ Mn) 37
8. EUROPE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 38
8.1 OVERVIEW 38
8.2 EUROPE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 39
8.3 EUROPE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025, BY PRODUCT (US$ MN) 39
8.4 EUROPE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 40
8.5 EUROPE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS, BY COUNTRY (2017 & 2025) (%) 40
8.6 GERMANY PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 41
8.6.1 Germany Patient Simulators Market Revenue And Forecasts to 2025 (US$ Mn) 42
8.6.2 Germany Patient Simulators Market Revenue And Forecasts to 2025, By Product (US$ Mn) 42
8.6.3 Germany Patient Simulators Market Revenue And Forecasts to 2025, By End User (US$ Mn) 43
8.7 FRANCE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 44
8.7.1 France Patient Simulators Market Revenue and Forecasts to 2025 (US$ Mn) 45
8.7.2 France Patient Simulators Market Revenue And Forecasts to 2025, By Product (US$ Mn) 45
8.7.3 France Patient Simulators Market Revenue And Forecasts to 2025, By End user (US$ Mn) 46
8.8 UK PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 47
8.8.1 UK Patient Simulators Market Revenue And Forecasts to 2025 (US$ Mn) 48
8.8.2 UK Patient Simulators Market Revenue And Forecasts to 2025, By Product (US$ Mn) 48
8.8.3 UK Patient Simulators Market Revenue And Forecasts to 2025, By End User (US$ Mn) 49
8.9 ITALY PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 50
8.9.1 Italy Patient Simulators Market Revenue and Forecasts to 2025 (US$ Mn) 51
8.9.2 Italy Patient Simulators Market Revenue And Forecasts to 2025, By Product (US$ Mn) 51
8.9.3 Italy Patient Simulators Market Revenue And Forecasts to 2025, By End User (US$ Mn) 52
8.10 SPAIN PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 53
8.10.1 Spain Patient Simulators Market Revenue and Forecasts to 2025 (US$ Mn) 53
8.10.2 Spain Patient Simulators Market Revenue And Forecasts to 2025, By Product (US$ Mn) 54
8.10.3 Spain Patient Simulators Market Revenue And Forecasts to 2025, By End User (US$ Mn) 54
8.11 REST OF EUROPE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 55
8.11.1 Rest of Europe Patient Simulators Market Revenue and Forecasts to 2025 (US$ Mn) 55
8.11.2 Rest of Europe Patient Simulators Market Revenue And Forecasts to 2025, By Product (US$ Mn) 56
8.11.3 Rest of Europe Patient Simulators Market Revenue And Forecasts to 2025, By End User (US$ Mn) 56
9. APPENDIX 57
9.1 ABOUT THE INSIGHT PARTNERS 57
9.2 GLOSSARY OF TERMS 57
9.3 METHODOLOGY 59
9.4 COVERAGE 60
9.5 SECONDARY RESEARCH 61
9.6 PRIMARY RESEARCH 61
LIST OF TABLES
TABLE 1. COST OF THE FEW HIGH FIDELITY SIMULATORS 22
TABLE 2. EUROPE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025, BY PRODUCT (US$ MN) 39
TABLE 3. EUROPE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 40
TABLE 4. GERMANY PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025, BY PRODUCT (US$ MN) 42
TABLE 5. GERMANY PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 43
TABLE 6. FRANCE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025, BY PRODUCT (US$ MN) 45
TABLE 7. FRANCE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 46
TABLE 8. UK PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025, BY PRODUCT (US$ MN) 48
TABLE 9. UK PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 49
TABLE 10. ITALY PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025, BY PRODUCT (US$ MN) 51
TABLE 11. ITALY PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 52
TABLE 12. SPAIN PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025, BY PRODUCT (US$ MN) 54
TABLE 13. SPAIN PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 54
TABLE 14. REST OF EUROPE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025, BY PRODUCT (US$ MN) 56
TABLE 15. REST OF EUROPE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025, BY END USER (US$ MN) 56
TABLE 16. GLOSSARY OF TERMS, PATIENT SIMULATORS MARKET 57
LIST OF FIGURES
FIGURE 1. EUROPE PATIENT SIMULATORS MARKET, REVENUE (US$ MN), BY GEOGRAPHY 2017 & 2025 10
FIGURE 2. EUROPE PATIENT SIMULATORS MARKET BY PRODUCT, MARKET SHARE (%), 2017 11
FIGURE 3. EUROPE PATIENT SIMULATORS MARKET BY END USER, MARKET SHARE (%), 2017 11
FIGURE 4. PATIENT SIMULATORS MARKET SEGMENTATION 12
FIGURE 5. PATIENT SIMULATORS MARKET SEGMENTATION, BY REGION 13
FIGURE 6. EUROPE PEST ANALYSIS 15
FIGURE 7. PATIENT SIMULATORS MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 25
FIGURE 8. EUROPE PATIENT SIMULATORS MARKET- REVENUE FORECASTS AND ANALYSIS - 2017- 2025 (US$ MN) 26
FIGURE 9. EUROPE PATIENT SIMULATORS MARKET- BY GEOGRAPHY FORECASTS AND ANALYSIS - 2017- 2025 27
FIGURE 10. EUROPE PATIENT SIMULATORS MARKET SHARES BY PRODUCT, 2017 & 2025 (%) 30
FIGURE 11. EUROPE ADULT PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 31
FIGURE 12. EUROPE INFANT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 32
FIGURE 13. EUROPE CHILDBIRTH SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 33
FIGURE 14. EUROPE PATIENT SIMULATORS MARKET SHARES BY END USER, 2017 & 2025 (%) 34
FIGURE 15. EUROPE ACADEMIC INSTITUTES MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 35
FIGURE 16. EUROPE HOSPITALS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 36
FIGURE 17. EUROPE MILITARY ORGANIZATIONS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 37
FIGURE 18. EUROPE PATIENT SIMULATORS MARKET REVENUE OVERVIEW, BY COUNTRY (2017) (US$ MN) 38
FIGURE 19. EUROPE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 39
FIGURE 20. EUROPE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS, BY COUNTRY (2017 & 2025) (%) 40
FIGURE 21. GERMANY PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 42
FIGURE 22. FRANCE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 45
FIGURE 23. UK PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 48
FIGURE 24. ITALY PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 51
FIGURE 25. SPAIN PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 53
FIGURE 26. REST OF EUROPE PATIENT SIMULATORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 55
The List of Companies
1. CAE Healthcare
2. Laerdal Medical
3. 3D Systems, Inc.
4. VirtaMed AG
5. Altay Scientific Group S.r.l.
6. Gaumard Scientific
7. Ambu A/S
8. SIMStation GmbH
9. Simulaids
10. Mentice AB
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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