Global Medical Animation Market size was valued nearly US$ XX Bn. in 2019 and the total revenue is expected to grow at 19.2% through 2019 to 2027, reaching nearly US$ XX Bn.
The report study has analyzed the revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Medical animation is a type of short educational film based on procedural, surgical, and healthcare correlated topic using 3-D graphics. It is addressed to an extensive range of audiences like students, researchers, and public. Medical animation videos are also used as a training methodology as demonstrations and educational tool.
The MMR report contains a detailed study of factors that will drive and restrain the growth of the medical animation market. Medical animation shows strong potential to affect the traditional way of patient-engagement services, pharmaceutical marketing, research studies, and disease-treatment optimization in various fields. A rising number of life science and pharmaceutical key players are accepting medical animation as a significant tool to expand their marketing strategies. Accordingly, companies operating in medical animation market are introducing new products to attract a large consumer base. Such as ZWSOFT, the China based company, launched 3-D product design software usage in medical animation that aids in designing product expansion projects in 2014. On the other hand, lack of skilled labour in the medical animation market under the study period is hindering the market growth.
North America medical animation market was valued US$ XX Mn. in 2019 and is expected to reach a value of US$ XX Mn. by 2027, with a CAGR of XX.11% during the forecast period. Presence of a large number of biotech and pharmaceutical companies coupled with a growing number of medical involvements has helped these regions to capture a significant share of the total market. APAC is expected to grow with the highest CAGR. The government is playing a crucial role in promoting the growth of medical animation industry in APAC. Additionally, growing R&D activities geared by international companies towards developing products suited to the Asian market is to associate regional growth.
Global Medical Animation Market1
The MMR report will also provide an accurate prediction of the contribution of the various segments to the growth of the medical animation market size. Based on the type, the 3D animation segment is expected to grow at the highest XX.45% CAGR during the forecast period. This is attributed to its benefits, for instance, effective healthcare communication and growth of medical mechanics.
By application, Drug Mechanism of Action (MoA) segment is expected to continue to hold the largest XX% share in medical animation market owing to the growing competition between pharmaceutical players and raise of health-care products.
Major players in the medical animation market have taken several strategic measures, such as facility expansions and partnerships. In 2017, Random42 Scientific Communication was acquired by Graphite Capital Company, a mid-market private equity firm which offers high-quality medical animation and digital media facilities to the pharmaceutical and healthcare industry.
The MMR reports cover key developments in the medical animation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product approvals and product launches. Such as, in 2016, Fusion medical animation launched brand services of biotech aimed at emerging & designing innovative visuals for a better understanding of difficult products.
The objective of the report is to present a comprehensive analysis of the Global Medical Animation Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Medical Animation Market dynamics, structure by analyzing the market segments and projects the Global Medical Animation Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Medical Animation Market make the report investor’s guide.
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Scope of the Global Medical Animation Market
Global Medical Animation Market, by Type
• 3D Animation
• 2D Animation
• Real-time Imaging (4D Animation)
• Flash Animation
Global Medical Animation Market, by Application
• Drug Mechanism of Action (MoA)
• Patient Education
• Surgical Training and Planning
• Cellular and Molecular Applications
• Other Applications (Medical Simulation, Forensic Reconstruction, Medical Legal, and Emergency Care Instruction)
Global Medical Animation Market, by Therapeutic Area
• Cosmeceuticals/Plastic Surgery
• Other Therapeutic Areas (ENT, Gastroenterology, Orthopaedics, Ophthalmology, Neurology, and Gynaecology)
Global Medical Animation Market, by End-User
• Life Sciences Companies
• Medical Device Manufacturers
• Hospitals, Surgical Centers, and Clinics
• Academic Institutes
• Other End-Users (Medico-legal Firms, Forensic Departments, Government Bodies, and Insurance Companies)
Global Medical Animation Market, by Region
• North America
• Asia Pacific
o South Korea
• South America
• Middle East and Africa
o GCC Countries
o South Africa
Key players operating in the Global Medical Animation Market
• Infuse Medical
• Hybrid Medical Animation, Inc.
• Ghost Productions, Inc.
• Scientific Animations, Inc.
• Invivo Communications, Inc.
• Random42 Scientific Communication
• Radius Digital Science
• Nucleus Medical Media
• AXS Studio, Inc.
• Visible Body
• Elara Systems, Inc.
• Animated Biomedical Productions
• Xvivo Scientific Animation
• Blausen Medical Communications, Inc.
• Trinsic Animation, LLC.
• Medmovie, Inc.
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Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Vikas Godage
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