Global Virtual Patient Simulation Market To Reach $508.7 Million By 2019Published On: July 7, 2014
The research report titled “Global Virtual Patient Simulation Market Outlook: 2014-2019” analyzes the major drivers, restraints, opportunities, and challenges that have a long and short-term impact on its growth across the globe. This latest publication from Meticulous Research™ states that the global virtual patient simulation market would reach $508.7 million by the year 2019 at a CAGR of 21.1% over the period of 2014 to 2019
Virtual Patient Simulation market is segmented by products, technology, end-users, and geography. The technologies analyzed in this report are visual techniques, haptic technology, virtual reality technology, tracking techniques, and modeling techniques. The products analyzed in this report include various simulation platforms, performance recording software, second life, and serious games. The report also analyzes some major allied products such as patient simulators and task trainers.
In terms of geographies, North America is the major market for virtual patient simulation, followed by Europe, and Asia-Pacific region. The largest share of North America is mainly attributed to the presence of major players in this region and availability of funds from various organizations.
Academics sector is the major end-user of virtual patient simulation products. This segment is estimated to account for a share of 58.6% in 2014. This is mainly attributed to the availability of government funds and rising focus on training of medical students with advanced technologies.
The report elucidates on many important aspects of the global virtual patient simulation market that facilitate the understanding of this market at a granular level.
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