South America Patient Simulators Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Adult Patient Simulator, Infant Simulator, and Childbirth Simulator) and End User (Academic Institutes, Hospitals, and Military Organizations)
The South America patient simulators market is expected to grow from US$ 55.42 million in 2022 to US$ 122.09 million by 2028. It is estimated to register a CAGR of 14.1% from 2022 to 2028.
Rising Awareness of Simulation Education Fueling South America Patient Simulators Market Growth
Different organizations perform various patient simulation awareness activities. For instance, in 2007, the Latin American Society for Simulation in Healthcare (ALASIC) was founded with the idea of building collaboration and networking within the continent by members from different Northern, Central, and South American countries. In 2017, the FLASIC organization was formed by ALASIC to act as a federation of smaller regional simulation societies, which now manages almost 1,000 members from 7 different societies who can collaborate and share via an online network. Considering the importance of patient safety, many universities are also opening patient simulation centers. Healthcare simulation centers are constantly being unveiled across the region. The rising awareness of simulation education is anticipated to provide an opportunity for the patient simulator market.
South America Patient Simulators Market Overview
The South America patient simulators market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America patient simulators market in 2022. Also, leading market players have built turnkey simulation centers in partnership with local healthcare service providers to train healthcare professionals in the region and leverage best practices. For instance, CAE Healthcare built a turnkey medical simulation center in partnership with the Hospital Israelita Albert Einstein in São Paulo, Brazil. The increasing partnership among the leading players and regional hospitals is boosting the growth of the patient simulators market in Brazil. Further, according to a study (2020) published in Revista Pesquisa FAPESP, ~19.4 million people are treated each year in hospitals in Brazil. Of these, 1.3 million suffer at least one side effect caused by negligence or carelessness during their medical treatment. The same source also reported that these healthcare failures are caused due to the poor training of health professionals, which can be prevented by proper training. Additionally, Brazil is a country with ~204,000 medical students. Therefore, the country has a high number of medical students, and the lack of training among healthcare professionals fuels the demand for patient simulators for training objectives. Furthermore, the healthcare expenditure of Brazil is also expanding, which will fuel the South America patient simulators market growth.
South America Patient Simulators Market Revenue and Forecast to 2028 (US$ Million)
The South America patient simulators market is segmented based on product, end user, and country.
Based on product, the South America patient simulators market is segmented into adult patient simulator, infant simulator, and childbirth simulator. The adult patient simulator segment held the largest South America patient simulators market share in 2022.
Based on end user, the South America patient simulators market is segmented into academic institutes, hospitals, and military organizations. The academic institutes segment held the largest South America patient simulators market share in 2022.
Based on country, the South America patient simulators market has been categorized into Brazil, Argentina, and the Rest of South America. Brazil dominated the South America patient simulators market in 2022.
CAE Inc, Gaumard Scientific Co Inc, Kyoto Kagaku Co Ltd, Laerdal Medical AS, Limbs & Things Ltd, Mentice AB, Simulab Corp, Surgical Science Sweden AB, and VirtaMed AG are among the leading companies operating in the South America patient simulators market.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South America Patient Simulators Market – By Product
1.3.2 South America Patient Simulators Market – By End User
1.3.3 South America Patient Simulators Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. South America Patient Simulators Market – Market Landscape
4.1 Overview
4.2 South America PEST Analysis
4.3 Experts Opinion
5. South America Patient Simulators Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Use of Patient Simulators for Training Purposes
5.1.2 Increase in Demand for Minimally Invasive Treatment Methods
5.2 Market Restraints
5.2.1 High Cost of Patient Simulators
5.3 Market Opportunities
5.3.1 Rising Awareness of Simulation Education
5.4 Future Trends
5.4.1 Growing Technological Advancements in Patient Simulators
5.5 Impact Analysis
6. Patient Simulators Market – South America Analysis
6.1 South America Patient Simulators Market Revenue Forecast and Analysis
7. South America Patient Simulators Market Analysis – By Product
7.1 Overview
7.2 South America Patient Simulators Market Revenue Share, by Product 2021 & 2028 (%)
7.3 Adult Patient Simulators
7.3.1 Overview
7.3.2 Adult Patient Simulators: Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Infant Simulators
7.4.1 Overview
7.4.2 Infant Simulators: Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Childbirth Simulators
7.5.1 Overview
7.5.2 Childbirth Simulators: Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
8. South America Patient Simulators Market Analysis – By End User
8.1 Overview
8.2 South America Patient Simulators Market, by End User 2021 & 2028 (%)
8.3 Academic Institutes
8.3.1 Overview
8.3.2 Academic Institutes: Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Hospitals
8.4.1 Overview
8.4.2 Hospitals: Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Military Organizations
8.5.1 Overview
8.5.2 Military Organizations: Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
9. South America Patient Simulators Market – Country Analysis
9.1 Overview
9.1.1 South America: Patient Simulators Market, by Country, 2021 & 2028 (%)
9.1.1.1 Brazil: Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Overview
9.1.1.1.2 Brazil: Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.3 Brazil: Patient Simulators Market, by Product, 2019–2028 (US$ Million)
9.1.1.1.4 Brazil: Patient Simulators Market, by End User, 2019–2028 (US$ Million)
9.1.1.2 Argentina: Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Overview
9.1.1.2.2 Argentina: Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.3 Argentina: Patient Simulators Market, by Product, 2019–2028 (US$ Million)
9.1.1.2.4 Argentina: Patient Simulators Market, by End User, 2019–2028 (US$ Million)
9.1.1.3 Rest of South America: Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Overview
9.1.1.3.2 Rest of South America: Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.3 Rest of South America: Patient Simulators Market, by Product, 2019–2028 (US$ Million)
9.1.1.3.4 Rest of South America: Patient Simulators Market, by End User, 2019–2028 (US$ Million)
10. Industry Landscape
10.1 Overview
10.2 Organic Developments
10.2.1 Overview
10.3 Inorganic Developments
10.3.1 Overview
11. Company Profiles
11.1 CAE Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Laerdal Medical AS
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Gaumard Scientific Co Inc
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Kyoto Kagaku Co Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Surgical Science Sweden AB
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Simulab Corp
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Mentice AB
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Limbs & Things Ltd
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 VirtaMed AG
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. South America Patient Simulators Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Patient Simulators Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil Patient Simulators Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina Patient Simulators Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina Patient Simulators Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of South America Patient Simulators Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of South America Patient Simulators Market, by End User – Revenue and Forecast to 2028 (US$ Million)
Table 8. Organic Developments
Table 9. Inorganic Developments
Table 10. Glossary of Terms
LIST OF FIGURES
Figure 1. South America Patient Simulators Market Segmentation
Figure 2. South America Patient Simulators Market – By Country
Figure 3. South America Patient Simulators Market Overview
Figure 4. South America Patient Simulators Market, By Product
Figure 5. South America Patient Simulators Market, By Country
Figure 7. South America: PEST Analysis
Figure 8. Experts Opinion
Figure 9. South America Patient Simulators Market: Impact Analysis of Drivers and Restraints
Figure 10. South America Patient Simulators Market – Revenue Forecast and Analysis
Figure 11. South America Patient Simulators Market Revenue Share, by Product 2021 & 2028 (%)
Figure 12. Adult Patient Simulators: South America Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Infant Simulators: South America Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Childbirth Simulators: South America Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. South America Patient Simulators Market, by End User 2021 & 2028 (%)
Figure 16. Academic Institutes: South America Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Hospitals: South America Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Military Organizations: South America Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. South America: Patient Simulators Market, by Key Country – Revenue (2021) (US$ Million)
Figure 20. South America: Patient Simulators Market, by Country, 2021 & 2028 (%)
Figure 21. Brazil: Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Argentina: Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Rest of South America: Patient Simulators Market – Revenue and Forecast to 2028 (US$ Million)
- CAE Inc
- Gaumard Scientific Co Inc
- Kyoto Kagaku Co Ltd
- Laerdal Medical AS
- Limbs & Things Ltd
- Mentice AB
- Simulab Corp
- Surgical Science Sweden AB
- VirtaMed AG
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South America patient simulators market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the South America patient simulators market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth South America market trends and outlook coupled with the factors driving the patient simulators market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution