According to the deep-dive market assessment study conducted by Growth+Reports, the global medical simulation market was pegged at ~US$ 1.7 billion in 2020. The market is expected to witness a CAGR of ~14.4% from 2021 to 2031.
Virtual reality (VR) and augmented reality (AR) have helped in transforming medical education. VR provides a 3D and realistic view of structures and AR provides the ability to project this virtual information and structures over physical objects which in turn helps in better understanding of physiological mechanisms and anatomical structures. Such advancements have helped in making the experience of the user more realistic and interactive. The implementation of advanced technologies in healthcare training has helped in changing the experience of the medical student or professional and at the same time provides a safe and effective learning environment. Increasing use of medical simulation in medical institutes has led to increasing demand for simulators.
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