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.

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.

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.

Research Methodology

The market study of the UK medical simulation market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for medical simulation manufacturers, healthcare providers, government organizations for overall market analysis, and competitive analysis. The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. UK Medical Simulation Market Research and Analysis by Product & Service

2. UK Medical Simulation Market Research and Analysis by Fidelity

3. UK Medical Simulation Market Research and Analysis by End-Users

The Report Covers

• Comprehensive research methodology of the UK medical simulation market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the UK medical simulation market.
• Insights about market determinants which are stimulating the UK medical simulation market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.