LATIN AMERICA MEDICAL SIMULATION MARKET 2019-2027

Lifesciences | Medical Devices & Consumables

LATIN AMERICA MEDICAL SIMULATION MARKET 2019-2027

Market By Component, Fidelity, End-user And Geography | Forecast 2019-2027

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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.

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Table of Content

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

List of table

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)

List of Figures

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)

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