Medical Animation Market: Global Industry Analysis and Forecast (2023-2029)

Medical Animation Market was valued at US$ 374 Mn. in 2022. Global Medical Animation Market size is expected to grow at a CAGR of 21.2% through the forecast period.

Medical Animation Market Overview:

Any medical technology must include medical animation since it can provide detailed explanations of the technology. A link between science and art has been created by the advancement of computer hardware and software due to the work of numerous universities, and this has resulted in the emergence of a new provision of data, future technologies, and designers in the medical sector for both scientific and medical demonstration purposes. It is expected that the medical sector will reach the next stage of development thanks to the integration of scientific investigation with cutting-edge computer graphics and animation skills.Medical Animation MarketTo know about the Research Methodology :- Request Free Sample Report

Medical Animation Market Dynamics:

Increasing adoption by pharmaceutical and life sciences: The market for medical animation is increasing due to the introduction of start-up businesses, growing pharmaceutical and biopharmaceutical sectors, and advancements in medical technology. The medical animation market is expected to rise as more healthcare professionals use medical animation techniques to explain medical procedures or even other scientific concepts with considerably improved comprehension. An increase in patient enrollment in programs for illness management or wellness is shown as a result of this technology's role in patient education. This demonstrates the technology's future potential. A lucrative opportunity for the development of the medical animation market is expected to result from the integration of medical animation into mobile apps by combining real-time media-rich content with quantifiable data and configurable techniques for numerous medical devices and pharmaceutical firm sales. Increased use of digital platforms: Other reasons driving the medical animation market include the development and widespread use of tablets, smartphones, and other mobile platforms, the rise in the world's senior population, and the rising number of operations performed on an annual basis. The fact that medical literacy is still comparatively poor in non-traditional and underserved regions has raised the demand for medical animation, which is expected to provide the market for medical animation with attractive growth prospects over the course of the forecast period. High Cost required for creating medical animations: There is the requirement of high cost and investment for creating medical animations like videos. This is the only restraining factor for the Medical Animation Market. Lack of knowledge: This Medical Animation needs to understand and knowledge for using it. It requires a person with these skills, and the lack of required knowledge is a challenge for Medical Amination Market. Market Trends: In October 2019, Oculus Quest Wireless Virtual Reality Headphones were used for feasibility testing by Ghost Productions, Inc.'s medical animations, and surgical simulation program, and the results are encouraging. While not able to produce photo stylized pictures, the wireless VR device was able to engage with real-time surgical anatomy in their assessments of its medical performance capabilities. These findings enable a significant shift in the medical sector's use of virtual reality, which has lagged in using the many advantages that virtual reality training can provide. Medical Animation Market COVID-19 Insights: Pharmaceutical companies and healthcare professionals frequently employ medical animation techniques. For pharmaceutical companies and organizations of all kinds, medical animation integrates a high level of knowledge and ability to deliver high-quality, award-winning research work. The market for medical animation is growing gradually as a result of newly developing infections and diseases like COVID-19 (novel coronavirus). According to MMR, new viruses have been emerging at an alarming rate of one per year for the past 20 years, and this trend is expected to continue. To tackle the most recent epidemic, researchers from around the world publish their genomic and protein structures in open-access databases (COVID-19 pandemic). Businesses have revealed their newest medical animation technologies. A rebranding and new logo were introduced by Geometric Medical in September 2020, a well-known high-end medical animation and scientific video producing firm. Fusion Medical Animation, for instance, created a 3D graphic and animation of COVID-19 in March 2020 based on the most recent research. This 3D medical animation explains the narrative, such as what a pandemic is, global infection rates, and illness preventive advice.

Medical Animation Market Segment Analysis:

Based on Product Type, the 3D animation segment dominated the market with 27% share in 2022. Due to benefits associated with its use, including efficient healthcare communication and the development of medical mechanics. In the near future, it is also expected that the rise of digitization would increase the utilization rates for 3D animation. Also, doctors and manufacturers of medical equipment commonly use this segment to convey health information. Forensic science also makes considerable use of it to visualize accidents or crime scenes. Because of the above factors, this segment currently accounts for its highest revenue share.Medical Animation Market1Based on the Application, the Drug MoA segment dominated the market with 21% share in 2022.This is mostly owing to pharmaceutical firms' increasing use of medical animation for medication marketing, promotion, and approvals as well as for displaying the MoA of their products. The medical animation was used to promote healthcare items and explain the drug's MoA in pharmaceutical businesses. This market segment is expected to rise favorably due to the healthcare sector's intense rivalry and the rising need for improved marketing tools. During the forecast period, the patient education segment is expected to rise at the highest CAGR. It is used to educate patients on how to manage particular ailments and to provide doctors with surgical training. It is also used to teach emergency treatment, simulate medical procedures, and recreate crime scenes for forensic research. It also explains cellular and molecular principles. Based on the Therapeutic area, the Oncology segment dominated the market with 22% share in 2022. Rapidly rising cancer incidence rates and growing demand for medical animation to explain disease processes to consumers are driving the market. Market growth is fuelled by rising levels of consciousness, extensive research, and academic institutions. The market for medical animation is driven by an increase in R&D related to the development of new drugs and the increased prevalence of cancer. Based on the End-user, the Life Science segment dominated the market with 31% share in 2022. The introduction of biological representation and 3D computer visuals in healthcare marketing initiatives is adding to the life science segment's dominance. The use of animated investigations is expected to rise in the next years as research efforts for the creation of new goods and associated knowledge about multiple diseases, and defects increase.

Medical Animation Market Regional Insights:

The North America region dominated the market with 29 % share in 2022. The market for medical animation in North America is being driven by a number of reasons, including an increase in the number of pharmaceutical firms adopting animation for medical education and product promotion. In order to compete in the highly competitive medical animation market, businesses are using methods including new product development, mergers and acquisitions, and technological upgrades. For example, Graphite Capital, a semi-private equity group that offers top-notch medical animation as well as digital content services to the health and pharmaceutical sectors, bought Random42 in July 2017. With the support of Graphite's investment from this purchase, Random42 has been able to increase its geographic footprint in Europe while steadily increasing its North America sales to reach its objective. The Asia Pacific region is expected to witness significant growth at a CAGR of 22.4% through the forecast period. the increasing importance of purchasing medical animation to improve healthcare infrastructure across diverse Asia Pacific nations and educate patients. The Asia Pacific market is expected to grow as a result of the existence of significant pharmaceutical corporations and the increasing attention of key market players on realizing the potential of the Asia Pacific market. The objective of the report is to present a comprehensive analysis of the global Medical Animation Market to the stakeholders in the industry. The past and current status of the industry with the 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 include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have 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 reports also help in understanding the Medical Animation Market dynamic, structure by analyzing the market segments and projecting the Medical Animation Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Medical Animation Market make the report investor’s guide.

Medical Animation Market Scope: Inquire before buying

Global Medical Animation Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US$ 374 Mn.
Forecast Period 2023 to 2029 CAGR: 21.2% Market Size in 2029: US$ 1436.8 Mn.
Segments Covered: by Product Type • 3D Animation • 2D Animation • 4D Animation • Flash Animation
by Application • Drug MoA • Patient Education • Surgical Training & Planning • Cellular & Molecular Studies • Others
by Therapeutic area • Oncology • Cardiology • Plastic Surgery • Dental • Others
by End-User • Academic Institutes • Hospitals, Surgical Centers, and Clinics • Medical Device Manufacturers • Others

Medical Animation Market, by Region

North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)

Medical Animation Market Key Players

Infuse Medical (U.S.) • Hybrid Medical Animation, Inc. (U.S.) • Ghost Productions, Inc. (U.S.) • Scientific Animations, Inc. (U.S.) • INVIVO Communications, Inc. (Canada) • Random42 Scientific Communication (U.K.) • Radius Digital Science (U.S.) • Nucleus Medical Media, Inc. (U.S.) • AXS Studio, Inc. (Canada) • Visible Body (U.S.) • Elara Systems, Inc. (U.S.) • Animated Biomedical Productions (Australia) Frequently Asked Questions: 1] What segments are covered in the Global Medical Animation Market report? Ans. The segments covered in the Medical Animation Market report are based on Product Type, Application, Therapeutic Area, End-use and Region. 2] Which region is expected to hold the highest share in the Global Medical Animation Market? Ans. The North America region is expected to hold the highest share in the Medical Animation Market. 3] What is the market size of the Global Medical Animation Market by 2029? Ans. The market size of the Medical Animation Market by 2029 is expected to reach US$ 1436.8 Mn. 4] What is the forecast period for the Global Medical Animation Market? Ans. The forecast period for the Medical Animation Market is 2023-2029. 5] What was the market size of the Global Medical Animation Market in 2022? Ans. The market size of the Medical Animation Market in 2022 was valued at US$ 374 Mn.
1. Global Medical Animation Market Size: Research Methodology 2. Global Medical Animation Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Medical Animation Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Medical Animation Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Medical Animation Market Size Segmentation 4.1. Global Medical Animation Market Size, by Product Type (2022-2029) • 3D Animation • 2D Animation • 4D Animation • Flash Animation 4.2. Global Medical Animation Market Size, by Application (2022-2029) • Drug MoA • Patient Education • Surgical Training & Planning • Cellular & Molecular Studies • Others 4.3. Global Medical Animation Market Size, by Therapeutic Area (2022-2029) • Oncology • Cardiology • Plastic Surgery • Dental • Others 4.4. Global Medical Animation Market Size, by End-user (2022-2029) • Academic Institutes • Hospitals, Surgical Centers, and Clinics • Medical Device Manufacturers • Others 5. North America Medical Animation Market (2022-2029) 5.1. North America Medical Animation Market Size, by Product Type (2022-2029) • 3D Animation • 2D Animation • 4D Animation • Flash Animation 5.2. North America Medical Animation Market Size, by Application (2022-2029) • Drug MoA • Patient Education • Surgical Training & Planning • Cellular & Molecular Studies • Others 5.3. North America Medical Animation Market Size, by Therapeutic Area (2022-2029) • Oncology • Cardiology • Plastic Surgery • Dental • Others 5.4. North America Medical Animation Market Size, by End-user (2022-2029) • Academic Institutes • Hospitals, Surgical Centers, and Clinics • Medical Device Manufacturers • Others 5.5. North America Medical Animation Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Medical Animation Market (2022-2029) 6.1. European Medical Animation Market, by Product Type (2022-2029) 6.2. European Medical Animation Market, by Application (2022-2029) 6.3. European Medical Animation Market, by Therapeutic Area (2022-2029) 6.4. European Medical Animation Market, by End-user (2022-2029) 6.5. European Medical Animation Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Medical Animation Market (2022-2029) 7.1. Asia Pacific Medical Animation Market, by Product Type (2022-2029) 7.2. Asia Pacific Medical Animation Market, by Application (2022-2029) 7.3. Asia Pacific Medical Animation Market, by Therapeutic Area (2022-2029) 7.4. Asia Pacific Medical Animation Market, by End-user (2022-2029) 7.5. Asia Pacific Medical Animation Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Medical Animation Market (2022-2029) 8.1. Middle East and Africa Medical Animation Market, by Product Type (2022-2029) 8.2. Middle East and Africa Medical Animation Market, by Application (2022-2029) 8.3. Middle East and Africa Medical Animation Market, by Therapeutic Area (2022-2029) 8.4. Middle East and Africa Medical Animation Market, by End-user (2022-2029) 8.5. Middle East and Africa Medical Animation Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Medical Animation Market (2022-2029) 9.1. South America Medical Animation Market, by Product Type (2022-2029) 9.2. South America Medical Animation Market, by Application (2022-2029) 9.3. South America Medical Animation Market, by Therapeutic Area (2022-2029) 9.4. South America Medical Animation Market, by Distribution Channel (2022-2029) 9.5. South America Medical Animation Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Infuse Medical (U.S.) 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Hybrid Medical Animation, Inc. (U.S.) 10.3. Ghost Productions, Inc. (U.S.) 10.4. Scientific Animations, Inc. (U.S.) 10.5. INVIVO Communications, Inc. (Canada) 10.6. Random42 Scientific Communication (U.K.) 10.7. Radius Digital Science (U.S.) 10.8. Nucleus Medical Media, Inc. (U.S.) 10.9. AXS Studio, Inc. (Canada) 10.10. Visible Body (U.S.) 10.11. Elara Systems, Inc. (U.S.) 10.12. Animated Biomedical Productions (Australia)
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