UK medical simulation market is estimated to grow considerably at a CAGR of around 10.9% during the forecast period. As healthcare technology emerges across the globe along with the increasing penetration of virtual reality across the UK, the demand for minimally invasive surgeries has increased significantly in the country. This can be attributed to the various advantages that the minimally invasive surgeries provide as compared to that of other conventional surgeries. The interaction of virtual reality technology with the human body is significantly increasing day-by-day. As the penetration of VR in the healthcare sector across the UK increases, the investment in the development of advanced technology medical simulators is expected to increase, this is expected to simultaneously promote the growth of the market over the forecast period.
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According to Resuscitation Council, in UK, around 60,000 people suffer from out-of-hospital cardiac arrest every year, among which, less than 10% of people survive after the cardiac arrest. However, a bystander has the ability to start cardiopulmonary resuscitation (CPR), which doubles the survival rate of a person. The council collaborated with the VR production company UNIT9, in order to develop Lifesaver VR, which is considered as a revolutionary way of learning CPR. According to UK Research and Innovation, over $235 million of investment is provided by the government for the development of new medicines and treatments for the patients. The investment includes digital health products and technologies.
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The companies which are contributing to the growth of UK medical simulation market include TruCorp Ltd., EMD Services Ltd., Limbs & Things Ltd., CAE Healthcare, and Medaphor Group PLC. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in February 2018, Medaphor Group PLC has opened its office in Hong Kong to facilitate a well-known reseller network and an increasing customer base in the Asia-Pacific region, especially in the growing Chinese market.
Market Segmentation
UK Medical Simulation Market by Products and Services
- Web-based Simulation
- Model-based Simulation
- Simulation Training Services
UK Medical Simulation Market by Fidelity
- Low Fidelity
- Medium Fidelity
- High Fidelity
UK Medical Simulation Market by End-Users
- Academic Institutes and Research Centers
- Military Organizations
- Hospitals
Company Profiles
- Adam, Rouilly Ltd.
- CAE Healthcare
- EMD Services Ltd.
- Kavo Dental
- Laerdal Medical Ltd.
- Limbs & Things Ltd.
- Medaphor Group PLC
- Olympus Group
- Trauma FX Ltd.
- TruCorp Ltd.
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