| Simulation for medical education in well-resourced settings has grown exponentially but remains uncommon in low-income countries. Emerging countries, such as Brazil, India, China, and South Africa, are expected to provide immense growth opportunities for the players operating in the healthcare simulation market. According to the World Bank Group, healthcare spending in low- and middle-income countries has increased from 5.01% in 2011 to 5.32% in 2019. More than half the world’s population resides in India and China, and these markets are home to a large patient base. The growing economy, rising private investments, untapped rural sector; rising prevalence of non-communicable lifestyle-related diseases; increasing focus on medical education, training, and research; and the growing number of academic medical institutions are the key factors driving the growth of the market in these countries. |
