Healthcare simulation market to reach $19.5b by 2030

More medical schools and training centres are adopting simulation-based education.

The global healthcare and medical simulation market, valued at $8.7b in 2024, is projected to reach $19.5b by 2030 at a compound annual growth rate of 14.5%, according to Research and Markets.

The sector’s expansion is attributed to the increasing demand for advanced training tools that enhance patient safety, the growing complexity of medical procedures, and the rising adoption of minimally invasive surgical techniques.

“The integration of VR, AR, and AI technologies into simulation tools has further enhanced their effectiveness, offering more realistic and adaptive learning experiences,” the report said.

Meanwhile, simulation-based learning has become a key component of medical education to provide hands-on training in a controlled environment.

In addition, the growing number of medical schools and training centres implementing simulation-based education continues to drive market demand.