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Medical Animation Market, By Technology (2D, 3D, 4D, and Flash), Application (Drug Mechanism, Surgical Training, Patient Education, and Molecular Studies), Therapeutic Area, End-Use and Geography (NA, EU, APAC, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated

Report ID: AMI-13028455 | Publihed: 01-Jul-2020 | No of Pages: 200

Price



USD 3995
USD 5795
DM ID :

AMI-13028455

Publish Date:

01-Jul-2020

Total pages:

200

REPORT HIGHLIGHT
The Medical Animation market is estimated to represent a global market of USD 130.6 million by 2019 with growth rate of 18.6%.

Market Dynamics

Medical animation exhibits strong potential to impact traditional way of pharmaceutical marketing, patient-engagement services, research studies, and disease-treatment optimization in many fields. Increasing number of life science and pharmaceutical companies are accepting medical animation as an important tool to improve their marketing strategies. As a result, companies operating in this market are introducing novel products to attract a large customer base. For instance, in April 2014, ZWSOFT; the China-based company launched 3D product design software use in medical animation that helps in designing product development projects.

COVID-19 Impact & Recovery Analysis

The proposed report, Medical Animation market from AnalystView Market Insights suggests three possible forecast scenarios (probable, optimistic, and pessimistic) considering the COVID-19 impact. Our ongoing research analysis amplifies our framework to ensure the inclusion of underlying COVID-19 crisis impact and potential paths forward. The designed report is delivering detailed insights on COVID-19 considering the changes in consumer demand, purchasing patterns, re-routing of the supply chain, and the significant interventions of governments. The updated study provides insights, and forecast, considering the COVID-19 impact on the market.

Technology Takeaway
The technology segment is categorized into 2D, 3D, 4D, and Flash. Among which, 3D type segment is accounted for the significant share of the global market. It is noted that educational film based on the surgical or physiological topic is increasingly using 3D computer graphics which provides a healthy platform for the segment growth. Furthermore, several research studies suggested that the 3D technology offers a high-quality illustration of internal processes compared to other conventional technologies. Such associated benefits would, in turn, establish a healthy platform for this segment to grow further. Application segment is divided into Drug Mechanism, Surgical Training, Patient Education, Molecular Studies, and Others. The therapeutic area is divided into Cardiology, Oncology, Dental, Plastic Surgery, and others. The end-use category is viewed as Academics, Hospitals, and others.

Regional Takeaway
Regionally, North America and Europe accounted for the highest share, capturing more than 75% share of the total industry in 2019, collectively. Presence of a large number of pharmaceutical and biotech companies coupled with rising number of surgical interventions has helped these regions to capture a significant share of the total market. Asia Pacific is anticipated to grow with the highest CAGR. The government is playing a pivotal role in stimulating the growth of medical animation industry in this region. Furthermore, increasing research and development activities geared by multinational companies towards developing products suited to the APAC market is supporting the regional growth.

Key Vendor Takeaway
Companies such as Infuse, Ghost Productions, Inc., Hybrid Animation, Scientific Animations, Radius Digital Science, and Viscira are operating in this market. Strong product portfolio coupled with market expansion through strategic mergers and acquisitions help these companies to post significant revenue share. For instance, the U.S. based Infuse Medical offers services such as 3D animation, mobile app development, educational tools and interactive sales program. Further, the company is actively engaged in providing animation software such as SunshineSync, Ether DCP, Ether enterprise app store, and Mobile app diagnostics to attract customers.

The market size and forecast for each segment has been provided for the period 2016 to 2027, considering 2019 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2021 to 2027 for every reported segment.

The years considered for the study are:

Historical Year – 2016 to 2018
Base Year – 2019
Estimated Year – 2020
Projected Year – 2027

The proposed reports analyse and evaluates the COVID-19 impact, and anticipated change on the future market scenario on this industry, by taking into the account the economic, political, technological, and social, parameters.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL MEDICAL ANIMATION MARKET, BY TECHNOLOGY
2D
3D
4D
Flash

GLOBAL MEDICAL ANIMATION MARKET, BY APPLICATION
Drug Mechanism
Surgical Training
Patient Education
Molecular Studies
Others

GLOBAL MEDICAL ANIMATION MARKET, BY THERAPEUTIC AREA
Cardiology
Oncology
Dental
Plastic Surgery
Others

GLOBAL MEDICAL ANIMATION MARKET, BY END USE
Academics
Hospitals
Others

GLOBAL MEDICAL ANIMATION MARKET, BY REGION
North America
U.S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
Middle East and Africa
Latin America

Report Subsumes the following

Competitors Analysis Go To Market Strategies
Regional Coverage with precise Market Numbers Global Impact post Covid-19
Market Penetration Strategies Granular breakdown By Type and By Application.