At 15.1% CAGR, South & Central America Healthcare Manikins Market is Projected to be Worth US$ 517.17 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the South & Central America healthcare manikins market was valued at US$ 168.40 million in 2023 and is expected to reach US$ 517.17 million by 2031, recording a CAGR of 15.1% from 2023 to 2031. Rising adoption of simulation-based healthcare manikins for training and rising number of strategic initiatives are among the critical factors attributed to drive the South & Central America healthcare manikins market growth.

Healthcare manikins that are simulation-based are preferred by healthcare institutes as they increase the realism of performed procedures, minimizing the risks involved in learning how to perform procedures, enabling students to reproduce specific tasks planned in the scenario, and ensuring a safer environment. For instance, Guamard provided training in respiratory care, intensive care, and critical care for COVID-19 patients. The proper use of ventilators and respirators was done on manikins that respond to ventilation. The simulator went through various scenarios wherein the patient may be under sedation, stress, and other conditions to understand and adapt the healthcare provider's approach to treatment and care. In addition, CAE Healthcare has developed various downloadable "Simulated Clinical Experience (SCE)" software patch for their different types of nursing manikins that would recreate the symptoms and behaviors of a sick patient. The company also provided webinars for training purposes. Thus, the rising adoption of simulation-based healthcare manikins for training in healthcare institutes such as medical schools, nursing programs, and specialized training centers is anticipated to support market growth in the future.

On the flip side, issues related to realism hampers the growth of South & Central America healthcare manikins market.

Based on product, the South & Central America healthcare manikins market is segmented into adult CPR manikins, full body manikins, choking manikins, injection simulators, and others. The adult CPR manikins segment held 37.5% market share in 2023, amassing US$ 62.91 million. It is projected to garner US$ 200.26 million by 2031 to register 15.6% CAGR during 2023-2031.

In terms of age group, the South & Central America healthcare manikins market is categorized into adult manikins, pediatric manikins, and neonatal manikins. The adult manikins segment held 48.2% share of South & Central America healthcare manikins market in 2023, amassing US$ 81.20 million. It is anticipated to garner US$ 259.20 million by 2031 to expand at 15.6% CAGR during 2023-2031.

By application, the South & Central America healthcare manikins market is segmented into cardiology, obstetrics & gynecology, critical care, neurology, urology, and others. The cardiology segment held 39.0% share of South & Central America healthcare manikins market in 2023, amassing US$ 65.67 million. It is anticipated to garner US$ 205.41 million by 2031 to expand at 15.3% CAGR during 2023-2031.

By end user, the South & Central America healthcare manikins market is divided into medical school, hospitals, clinics, and others. The medical school segment held 53.9% share of South & Central America healthcare manikins market in 2023, amassing US$ 90.72 million. It is projected to garner US$ 290.61 million by 2031 to expand at 15.7% CAGR from 2023 to 2031.

Based on country, the South & Central America healthcare manikins market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 47.8% share of South & Central America healthcare manikins market in 2023. It was assessed at US$ 80.56 million in 2023 and is likely to hit US$ 254.45 million by 2031, registering a CAGR of 15.5% during 2023-2031.

Key players operating in the South & Central America healthcare manikins market are 3B Scientific; Ambu AS; CAE Healthcare Inc; Echo Healthcare; Gaumard Scientific Co Inc; Laerdal Medical AS; Nasco Healthcare; Practiman; Ruth Lee Ltd; and TruCorp, among others.

• In 2023, TruCorp Introduced the Smart Airway Adult, a training tool for advanced airway management. The Smart Airway Adult is an advanced simulator for airway management training that provides real-time feedback. Connected wirelessly to a custom app, it records and monitors performance data, providing comprehensive feedback.
  
  

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com