Market By Component, Fidelity, End-user And Geography | Forecast 2019-2027
According to Triton Market Research, the market for medical simulation in Latin America is expected to surge at a CAGR of 12.83% over the forecast duration from 2019 to 2027.
The countries scrutinized in the Latin American medical simulation market are:
• Brazil
• Mexico
• Rest of Latin America
The Mexican Association for Clinical Simulation (AMSIC), founded in Mexico in 2007 as a non-profit organization, was created with an aim to promote research, scientific development and application of clinical simulation as a training strategy for health sciences professionals in Latin America. Additionally, in 2016, with the help of its Agency for International Development (USAID), the US Embassy in Mexico committed itself towards raising Mexico’s level of medical care. The simulation center at the UNAM’s Faculty of Medicine receives over 50,000 undergraduate as well as graduate students in various areas of medicine & healthcare, throughout the academic year, who perform more than 2,500 simulation practices throughout the year.
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The aforementioned developments in Mexico’s medical simulation practices depict that, the market would adopt greater simulation facilities as well as services by the simulation vendors. It is likely that the largest medical universities would be the primary end-users, as they have been quickly incorporating simulation practices in their various medical curricula. A plethora of both local vendors and international players supply medical simulation services in the region, but given the government’s low interest levels and the socio-economic construct of Mexico, moderate growth is expected in its medical simulation market.
Mentice AB is a company in the medical devices domain, offering simulation trainer systems. It offers simulators, training modules, as well as add-on products. The company’s products have the ability of tracking the motion of surgical instruments during a surgical procedure and provide feedback based on the simulation. Mentice MIST, Mentice VIST, Mentice VIST-C, Xitact ITP and Xitact IHP are some of the products which are a part of the company’s product portfolio. In May 2019, Mentice AB and RAD-AID entered into a collaboration for improving access to interventional radiology in the world’s resource-constrained regions, which also includes Latin America.
1. LATIN
AMERICA MEDICAL SIMULATION MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. PORTER’S
FIVE FORCES MODEL OUTLOOK
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTE
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. MARKET
TRENDS
2.4. REGULATORY
OUTLOOK
2.5. MARKET
SHARE OUTLOOK
2.6. MARKET
ATTRACTIVENESS INDEX
2.7. MARKET
DRIVERS
2.7.1. GROWING
CONCERN FOR PATIENT SAFETY
2.7.2. INCREASING
DEMAND FOR MINIMALLY INVASIVE SURGERY (MIS)
2.8. MARKET
RESTRAINTS
2.8.1. HIGH
COST OF MEDICAL SIMULATORS
2.8.2. LACK
OF SKILLED PROFESSIONALS
2.8.3. AVERSENESS
TO ADOPT NEW SIMULATION TECHNOLOGIES
2.9. MARKET
OPPORTUNITIES
2.9.1. TECHNOLOGICAL
ADVANCEMENTS
2.9.2. OPPORTUNITIES
FOR CARRYING OUT SIMULATION IN THE EMERGING MARKETS
2.10.
MARKET CHALLENGES
2.10.1.
CHALLENGES IN THE MEDICAL
SIMULATION OPRATION
3. MEDICAL
SIMULATION MARKET OUTLOOK – BY COMPONENT
3.1. MODEL-BASED
SIMULATION
3.2. WEB-BASED
SIMULATION
3.3. SIMULATION
TRAINING SERVICES
4. MEDICAL
SIMULATION MARKET OUTLOOK – BY FIDELITY
4.1. LOW-FIDELITY
4.2. MEDIUM-FIDELITY
4.3. HIGH-FIDELITY
5. MEDICAL
SIMULATION MARKET OUTLOOK – BY END-USER
5.1. ACADEMIC
INSTITUTIONS & RESEARCH CENTERS
5.2. HOSPITALS
& CLINICS
5.3. MILITARY
ORGANIZATIONS
6. MEDICAL
SIMULATION MARKET – REGIONAL OUTLOOK
6.1. LATIN
AMERICA
6.1.1. COUNTRY
ANALYSIS
6.1.1.1. BRAZIL
6.1.1.2. MEXICO
6.1.1.3. REST
OF LATIN AMERICA
7. COMPETITIVE
LANDSCAPE
7.1. GAUMARD
SCIENTIFIC COMPANY
7.2. CANADIAN
AVIATION ELECTRONICS (CAE)
7.3. MENTICE
AB
7.4. KYOTO
KAGAKU CO., LTD.
7.5. SIMULAIDS,
INC.
7.6. KINDHEART,
INC.
7.7. 3D
SYSTEMS CORPORATION
7.8. LAERDAL
MEDICAL AS
7.9. SURGICAL
SCIENCE SWEDEN AB
7.10.
LIMBS & THINGS LTD.
7.11.
INTELLIGENT ULTRASOUND GROUP
PLC (FORMERLY MEDAPHOR GROUP PLC)
7.12.
NASCO
7.13.
SIMULAB CORPORATION
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.1.1. OBJECTIVES
OF STUDY
8.1.2. SCOPE
OF STUDY
8.2. SOURCES
OF DATA
8.2.1. PRIMARY
DATA SOURCES
8.2.2. SECONDARY
DATA SOURCES
8.3. RESEARCH
METHODOLOGY
8.3.1. EVALUATION
OF PROPOSED MARKET
8.3.2. IDENTIFICATION
OF DATA SOURCES
8.3.3. ASSESSMENT
OF MARKET DETERMINANTS
8.3.4. DATA
COLLECTION
8.3.5. DATA
VALIDATION & ANALYSIS
TABLE 1 LATIN AMERICA MEDICAL SIMULATION MARKET
2019-2027 ($ MILLION)
TABLE 2 COST OF SIMULATION EQUIPMENT
TABLE 3 LATIN AMERICA MEDICAL SIMULATION MARKET
BY COMPONENT 2019-2027 ($ MILLION)
TABLE 4 LATIN AMERICA MEDICAL SIMULATION MARKET
BY FIDELITY 2019-2027 ($ MILLION)
TABLE 5 LATIN AMERICA MEDICAL SIMULATION MARKET
BY END-USER 2019-2027 ($ MILLION)
TABLE 6 LATIN AMERICA MEDICAL SIMULATION MARKET
BY COUNTRY 2019-2027 ($ MILLION)
FIGURE 1 LATIN AMERICA MEDICAL SIMULATION MARKET
2019-2027 ($ MILLION)
FIGURE 2 COMPANY MARKET SHARE OUTLOOK OF MEDICAL
SIMULATION 2018 (%)
FIGURE 3 LATIN AMERICA MEDICAL SIMULATION MARKET BY
MODEL-BASED SIMULATION 2019-2027 ($ MILLION)
FIGURE 4 LATIN AMERICA MEDICAL SIMULATION MARKET BY
WEB-BASED SIMULATION 2019-2027 ($ MILLION)
FIGURE 5 LATIN AMERICA MEDICAL SIMULATION MARKET BY
SIMULATION TRAINING SERVICES 2019-2027 ($ MILLION)
FIGURE 6 LATIN AMERICA MEDICAL SIMULATION MARKET BY
LOW-FIDELITY 2019-2027 ($ MILLION)
FIGURE 7 LATIN AMERICA MEDICAL SIMULATION MARKET BY
MEDIUM-FIDELITY 2019-2027 ($ MILLION)
FIGURE 8 LATIN AMERICA MEDICAL SIMULATION MARKET BY
HIGH-FIDELITY 2019-2027 ($ MILLION)
FIGURE 9 LATIN AMERICA MEDICAL SIMULATION MARKET BY
ACADEMIC INSTITUTIONS & RESEARCH CENTERS 2019-2027 ($ MILLION)
FIGURE 10 LATIN AMERICA MEDICAL SIMULATION MARKET BY
HOSPITALS & CLINICS 2019-2027 ($ MILLION)
FIGURE 11 LATIN AMERICA MEDICAL SIMULATION MARKET BY
MILITARY ORGANIZATIONS 2019-2027 ($ MILLION)
FIGURE 12 BRAZIL MEDICAL SIMULATION MARKET 2019-2027 ($
MILLION)
FIGURE 13 MEXICO AMERICA MEDICAL SIMULATION MARKET
2019-2027 ($ MILLION)
FIGURE 14 REST OF LATIN AMERICA MEDICAL SIMULATION
MARKET 2019-2027 ($ MILLION)