Healthcare simulation market forecast to hit $14.252b by 2032

This comes as hospitals, practitioners practice complex medical procedures without posing risk to patients.  

The global healthcare simulation market is on track to reach $14.252b (USD11.52b) by 2032, a Polaris Market Research forecast said.

Healthcare simulation is a training tool for hospitals and healthcare workers practise complex medical procedures in lifelike environments without risk to patients, it added.

The market is expected to record a compound annual growth rate (CAGR) of 17% from the $2.683b (USD2.81b) in 2024 to the 2032 projection.

Polaris Market Research said that the rise of simulation technologies such as web-based platforms and high-fidelity manikins, virtual and augmented reality (VR, AR) and 3D printing, and demand from healthcare systems will drive the growth to the market.

It added that emerging regions in the Asia Pacific, notably India, China, and Japan, are also accelerating investment in simulation facilities as healthcare systems expand and prioritise modern training frameworks.

North America leads the simulation segment.

By utilising web-based platforms and high-fidelity manikins, medical practitioners can master intricate procedures in realistic settings without compromising patient safety.

VR and AR, 3D printing, and procedural rehearsal systems are being embedded into simulation programs, enabling both hands-on practice and remote learning, the research said.

Hospitals and healthcare systems are increasingly adopting simulation technologies to foster ongoing training, meet accreditation standards, and support team-based practice, it added.