What Has Been the Growth of the AR or VR Medical Simulation Market So Far?
The ar or vr medical simulation market has seen considerable growth due to a variety of factors.
• In recent times, the AR/VR medical simulation market has seen substantial expansion. The market is projected to increase from a value of $3.3 billion in 2024 to approximately $3.99 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 20.8%.
Factors such as an emphasis on resuscitation training, a growing preference for minimally invasive surgical procedures, an increase in distance healthcare solutions, a rise in pediatric critical care training, an uptick in demand for healthcare services, and a surge in the usage of medical simulators have contributed to its growth during the historical period.
What Are the Future Growth Projections for the AR or VR Medical Simulation Market?
The ar or vr medical simulation market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for AR/VR medical simulations is projected to experience substantial growth in the coming years, peaking at $8.38 billion by 2029 with a 20.4% compound annual growth rate (CAGR). The predicted expansion in this period is primarily due to the rising demand for medical education tools, increased spending on healthcare, population growth, escalation in chronic diseases, and a heightened emphasis on patient safety and quality care. Noteworthy trends within this forecasted period include computer-centric simulations, enhancements in visual graphics and processing capabilities, VR operations simulations, developments in medical imaging technology, the miniaturization and mobilization trend, and progressive advancements in operating tools.
What Are The Core Factors Supporting Growth In The AR or VR Medical Simulation Market?
The growth of the AR/VR medical simulation market is anticipated to be fuelled by the rising incidence of surgeries. These surgical procedures, performed by a surgeon to manage a disease or condition, are growing due to factors like the aging population, advancements in medical technology, and the escalating prevalence of chronic diseases. AR and VR simulations in surgical procedures augment trainings, boost surgical results, and elevate patient care by establishing a secure and effective learning platform for skill enhancement and preoperative preparation. For instance, the Aesthetic Society, a US-based plastic surgery and cosmetic medicine organization, reported in March 2023 that the total number of surgical procedures has increased by 2.9% from 2022 to 2023 and has surged by 10.2% compared to 2019. Hence, the increasing surgical procedures are propelling the expansion of the AR/VR medical simulation market.
What Are The Major Segments Within The Global AR or VR Medical Simulation Market?
The AR/VR medical simulation market covered in this report is segmented –
1) By Product And Service: Medical Simulation Anatomical Models, Web Based Simulation, Medical Simulation Software, Simulation Training Services
2) By Application: Medical Education, Patient Care Management, Other Applications
3) By End-Users: Hospitals And Healthcare Institutions, Medical Schools And Universities, Military Organizations, Other End-Users
Subsegments:
1) By Medical Simulation Anatomical Models: Physical Models, AR Or VR Models
2) By Web-Based Simulation: Online Training Platforms, Virtual Learning Modules
3) By Medical Simulation Software: Patient Simulation Software, Surgical Simulation Software, Scenario-Based Training Software
4) By Simulation Training Services: Instructor-Led Training, Remote Simulation Training, Technical Support And Maintenance
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How Are Emerging Trends Reshaping The Dynamics Of The AR or VR Medical Simulation Market?
Dominant players in the AR/VR medical simulation sector are making strides to pioneer innovative products such as medical VR training platforms to establish a competitive stance in the market. A medical VR training platform is a tech-powered system that employs virtual reality to replicate authentic medical circumstances, procedures, and backdrops for educational, training, and skill enhancement purposes within the medical field. For example, in March 2022, ORamaVR Inc., a firm based in Switzerland that concentrates on medical VR training utilities, unveiled the MAGES SDK. This is the first-of-its-kind, hyper-realistic VR creation tool catered for fast surgical training and evaluation, empowering any organization or company to craft their unique medical VR training or instruction simulation. This tool provides the capability to create VR psychomotor simulation prototypes of medical procedures with virtually zero coding, making it ideal for fast VR simulation creation. It also offers multiplayer functions, where rooms can accommodate one active user-educator and a substantial number of observers, with the cooperative mode proven to accommodate at least 20 users from assorted countries and devices concurrently.
Who Are the Key Players In The AR or VR Medical Simulation Market?
Major companies operating in the AR/VR medical simulation market report are:
• Siemens AG
• Koninklijke Philips N.V.
• GE HealthCare Technologies Inc.
• Intuitive Surgical Operations Inc.
• CAE Inc.
• 3D Systems Healthcare Inc.
• Surgical Science Sweden AB
• Eon Reality Inc.
• Gaumard Scientific Co.
• Osso VR Inc.
• FundamentalVR
• Mentice AB
• Limbs & Things Ltd.
• Kyoto Kagaku Co. Ltd.
• VirtaMed AG
• BioDigital Inc.
• Vuzix Corporation
• Oxford Medical Simulation
• Laerdal Medical AS
• AppliedVR Inc.
• SimforHealth
• Precision OS
• Medical Realities
• UbiSim Inc.
• GigXR
• Virtual Education Systems (VRpatients)
• MedVR Education
• PeriopSim
• InfiVR.com
What Is The Most Dominant Region In The AR or VR Medical Simulation Market?
North America was the largest region in the AR/VR medical simulation market in 2024. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the AR/VR medical simulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
