The global medical animation market is expected to reach a value of USD 514.0 million by 2024, according to a new report by Grand View Research. Key factors driving the market growth include the higher adoption of medical animation marketing by medical devices manufacturers and pharmaceutical products. It helps in explaining product features and communicating associated information with end users.
The information represented by animation is more appealing and easy to transmit. These aforementioned benefits are expected to boost the usage rate in near future. In addition, the paradigm shift, in healthcare information technology, such as digitalization, is anticipated to contribute towards the market growth in the next few years. The medical animation market has gained momentum after the introduction of cloud-based platforms and 3D printing technology in healthcare.
Furthermore, the introduction of technologically advanced software for image analysis, such as Medical Image Processing, Analysis, and Visualization can be attributed to the market growth. This application enables researcher from remote sites share valuable information and analyze the research data to detect, monitor, and treat medical disorders. Medical animation is a versatile tool for communicating complex scientific procedures in an interactive manner and used in a variety of business aspects such as marketing, web presentations, social media, tradeshows and advertising. Increasing adoption of this technology is expected to serve as a potential growth driver in the future.
The increasing investment by private and public sector, growing geriatric population coupled with increasing demand for computer-aided diagnostics, and incidence of chronic diseases are major factors fueling the increasing usage rates of this technology. In addition, this technology found application in various sectors, for instance; it helps healthcare professionals explain human body metabolism to patients, which helps in reducing patient’s anxiety level and educates them about various disease condition.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/medical-animation-market
Further Key Findings from the Study Suggest:
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Flash animation is expected to be one of the
most lucrative segment in near future due to increasing demand for patient
engagement by healthcare professionals. On the other hand, 3D animation found application
in clinical research studies, improving patient education, and simplifying
complex procedures in bioscience studies by representing them into an animated
form
·
Growing demand for technologically advanced
medical animation solutions is expected to contribute towards the growth of 3D
animation during the forecast period
·
In 2015, the drug mechanism of action segment
accounted for the largest revenue share. The use of animation for explaining
drug interactions and metabolic studies in new drug development are key
contributing factors for this segment growth. This technology is used in
animating preproduction, full production and post production process of drug
molecules
·
However, the patient education segment is
expected to emerge as the fastest growing segment as awareness levels amongst
patients, introduction of user-friendly apps and concerns related to health
information are increasing. For instance, introduction of 3D medical
application such as complete anatomy in November 2015 by 3D4 medical used for
anatomical studies
·
Currently, oncology segment dominates the market
and is expected to be the fastest growing therapeutic area using this
technology. Increasing incidence of cancer worldwide is a key contributing
factor for growing demand of medical animation studies to explain disease
mechanisms to patients
·
For instance, XVIVO, showcased animation
software at the American Society of Clinical Oncology (ASCO) and also helped in
the depiction of mechanism of action of Bavituximab, an investigative drug,
believed to strengthen the immunity system in cancerous environment
·
Other end users of this market are life science
companies, medical device manufactures, government authorities, forensic
department, medico-legal firms, and insurance provider companies. This segment
is expected to grow at fastest CAGR due to wide usage of 3D bioprinting and
biosimulation studies in these fields
·
For example, in forensic studies, a medical
animation is used to elaborate crime scene and medico-legal firms use 3D
animation to explain pain management procedures, surgical techniques, and
presenting anatomical studies. There are various surgical and clinical
audiovisual animation studies available online
·
Asia Pacific is expected to be the fastest
growing region during the forecast period. The growing geriatric population,
increase in the chronic diseases, and ongoing development in healthcare sector
is the factors anticipated to provide future growth platform for this industry in
the next 7 years
·
In addition, rising outsourcing activities in
this region due to availability and low cost of labor are anticipated to propel
segment growth over the forecast period. For example, in India, the cost of
medical animation services is 20% to 25% lower than the U.S. and Europe
·
The medical animation market is experiencing
high competition as there are many small and big organization that offer these
services. Introduction of low-cost software solutions for medical simulation is
expected to boost the competition and is also expected to benefit several end
users over the forecast period
·
Companies are involved in adopting sustainable
strategies to gain competitive edges such as new product launch, product up
gradation and collaborative agreements. For example, In April 2016, Fusion
medical animation launched biotech brand services aimed at designing and
developing innovative visuals for better understanding of complex products The
aforementioned factors keeps the market rivalry at higher level
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/healthcare
Grand View Research has segmented the medical animation market by type, application, therapeutic area, end-use and region:
Medical Animation Market Type Outlook (Market revenue in USD Million, 2013 – 2024)
·
3D Animation
·
2D Animation
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4D Animation
·
Flash Animation
Medical Animation Market Application Outlook (Market Revenue in USD
Million, 2013 – 2024)
·
Drug MoA
·
Patient Education
·
Surgical Training & Planning
·
Cellular & Molecular Studies
·
Others
Medical Animation Stationary Therapeutic Area Outlook (Market
Revenue in USD Million, 2013 – 2024)
·
Oncology
·
Cardiology
·
Plastic Surgery
·
Dental
·
Others
Medical animation Market End-use Outlook (Market Revenue in USD
Million, 2013 – 2024)
·
Hospitals
·
Life sciences
·
Academic institute
·
Medical device manufactures
·
Others
Medical Animation Market Regional Outlook (Market Revenue in USD
Million, 2013 – 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East and Africa
o
South Africa
For press release of this report - http://www.grandviewresearch.com/press-release/global-medical-animation-market
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