Advances in information technology, computational modeling, and engineering are enabling new approaches to disease prevention, diagnosis, and treatment. This chapter examines the evolving role of simulation as a medical device (SimMD), emphasizing its ability to complement, or, in some cases, replace traditional clinical methods. Within the broader context of personalized medicine and in silico approaches, the focus is on physics-based, patient-specific models of the human body, its functions, and its interaction with medical devices. The chapter introduces the concept of SimMD and reviews the state of the art, showing how simulation is becoming part of clinical practice. It then presents a framework for physics-based modeling workflows, addressing the core elements. Key challenges such as reproducibility, reliability, and clinical usability are highlighted. A regulatory perspective follows, comparing current approval pathways in the European Union and the United States, and outlining the importance of verification, validation, and uncertainty quantification (VVUQ) for clinical adoption. The chapter concludes with current challenges and prospects for standardization, automation, and broader healthcare integration. By combining workflow and regulatory insights, it provides a comprehensive view of simulation’s transformative role in medicine.