Simulation Learning Market size valued USD 8,486.3 million in 2021 and expected to reach USD 20,983.2 million by 2028, at a CAGR of 14.3% during the forecast period 2022-2028. With the help of technologies like digital twins, 3D printing, VR, and AR, the simulation software market is booming. Simulation is a computer-based model that is built on the principles of sciences such as physics and mathematics. This paradigm facilitates activities such as design, production optimization, solutions, and validation, among others. Additionally, this is proving to be a fantastic tool for a wide range of applications, including product engineering, research and development, and gamification. This report studies global simulation learning market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global simulation learning market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities).
In September 2019, University of Illinois at Chicago (UIC) has announced the opening of three health care simulation centers that facilitates more than 50,000 hours of hand-on learning for nearly 20,000 learners working or pursuing careers in the health sciences.
In July 2020, Ansal University has launched a hi-tech simulation laboratory for the training of students of its Sushant School of Health Science, in association with Yuva Healthcare Institute.