Medical simulation market set to reach $7.23b by 2030

Forecast implies 15.6% annual growth.

The global medical simulation market is forecast to reach $7.23b by 2030, expanding at a compound annual growth rate (CAGR) of 15.6%, according to a market forecast by MarketsandMarkets.

The market is estimated to be worth about $3.50b in 2025, with growth supported by rising demand for safer and more effective clinical training and skills development.

The report added that government investments and healthcare education programs are boosting hospital and academic adoption of simulation technologies.

It also highlighted growing private investment in the sector, citing a $12.6m Series A funding round raised by Oxford Medical Simulation in January 2024 as an example of capital flowing into medical simulation technologies.

Healthcare simulation anatomical models accounted for the largest share of the market in 2024, whilst the virtual patient simulation segment is expected to register the fastest growth rate over the forecast period.