Global Medical Animation Market Expected to Skyrocket to $1.4 Billion by 2030, Fueled by Growing Demand for Healthcare Training Solutions

Dublin, Aug. 25, 2023 (GLOBE NEWSWIRE) -- The "Medical Animation: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Medical Animation estimated at US$316.1 Million in the year 2022, is projected to reach a revised size of US$1.4 Billion by 2030, growing at a CAGR of 19.9% over the analysis period 2022-2030.

4D, one of the segments analyzed in the report, is projected to record a 22.6% CAGR and reach US$490.6 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the 3D segment is readjusted to a revised 19.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $128.8 Million, While China is Forecast to Grow at 23.1% CAGR

The Medical Animation market in the U.S. is estimated at US$128.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$138.5 Million by the year 2030 trailing a CAGR of 23.1% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.6% and 16.7% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 18.6% CAGR.

Select Competitors (Total 85 Featured) -

• Animated Biomedical Productions
• AXS Studio, Inc.
• Elara Systems, Inc.
• Ghost Productions, Inc.
• Hybrid Medical Animation
• INFUSE MEDIA GROUP, LLC.
• INVIVO - a Red Nucleus Company
• Medmovie.com
• Nucleus Medical Media Inc.
• Random42 Scientific Communication
• Scientific Animations Inc.
• Trinsic Animation
• Understand.com, LLC
• Viscira
• Visible Body
• XVIVO Scientific Animation

Key Attributes:

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Growing Acknowledgement of Animation & Simulation in Learning & Training Sets the Foundation for the Growth of Medical Animation
• On the Pandemic & Economic Front, Here's What's Happening. Prognosis Every Business Needs to Know
• After Omicron, Comes Stealth Omicron & Deltacron Fueling Fresh Waves of Infections Across the Globe
• With New Strains Emerging at an Alarming Rate, Focus Shifts to Booster Doses & Vaccine Tweaking Amid Waning Vaccine Immunity. But How Practical Is It to Implement Them?
• With Vaccinated Population Showing Signs of Declining Clinical Protection, Booster Doses Are Emerging Into a Necessity to Restore Vaccine Effectiveness, but this Strategy is Not Within Reach for Most Countries: Number of Booster Doses Administered Per 100 People by Country as of March 2022
• At the Dawn of 2022 After Numerous New Strains & Millions of Deaths, Challenges in Vaccine Production, Supply, Access & Technology Sharing Continue to Remain
• How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
• Split Scenarios Unfold: The Great Vaccine Divide Emerges
• With Low Vaccination Rates in Africa Emerging Into a Global Security Issue, Vaccine Imbalances Will Stretch the Pandemic Further into 2022: Global Percentage (%) of Population Administered With Vaccines by Region as of March 2022
• The Great Vaccine Controversy & Growing Anti-Vaccination Movement Aggravates the Divide Between the Vaccinated & the Unvaccinated
• Top Reasons for Unwillingness & Uncertainty Towards COVID-19 Vaccines Among the By-Choice Unvaccinated People: % Share of Various Reasons as of the Year 2022
• The Verdict's Out - The Pandemic Cannot Be Ended But Can be Maneuvered to Become Endemic and More Manageable
• Amid this Prolonged Pandemic, Why Should Businesses Care About Progress on Vaccinations?
• Dragging Pandemic, New Virus Strains, Fresh Societal Risks, War & Renewed Economic Disruptions Bring Weaker Growth in 2022 as Compared to 2021
• Fresh Shocks for the Global Economy in 2022 as New Bursts of Food & Energy Inflation Comes into Play Triggered by the Russia-Ukraine War
• A World Divided Over the War in Russia & Ukraine Fuels Oil Production Stand-Off, Aggravating Global Price Rise & Making Putin More Bolder & Willing to Invade its Neighbors: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022
• Uncertain, Uneven & Bumpy Recovery Shaped by New Variants Coupled With Inflation Triggered by the Russia-Ukraine War Lowers Growth Expectations for 2022: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
• Persistently High Unemployment Indicates Long-Term Scarring from the COVID-19 Pandemic, Wage Inequality & Uneven Economic Recovery. Tough Times to Continue for Industries Reliant on Consumer Discretionary Incomes Until 2023: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
• The Military & Defense Industry Emerges as the Sole Beneficiary of the War
• Competition
• Medical Animation - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Medical Animation - Overview, Definition & Importance
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Rising Healthcare Spending, Growing Pharmaceutical/Biopharmaceutical & Medical Devices Industries Provide the Platform for the Growing Popularity of Medical Animation
• Growing Demand for Healthcare Services as Evidenced by the Cost of Chronic Diseases Amplifies the Need for Healthcare Professionals & their Efficient Training Via Simulation & Animation Tools: Global Cost of Chronic Diseases (In US$ Billion) for the Years 2018 and 2030
• More Drugs Being Manufactured Means More Drugs to be Marketed & More Efforts Needed to Boost Patient Awareness and Education: Global Opportunity for Pharmaceutical Contract Manufacturing (In US$ Billion) for Years 2020, 2022, 2024, and 2026
• Robust Outlook for Medical Devices Expands the Need for Medical Device Companies to Build Animations to Help Convey Complex Device Information With Ease & Clarity: Global Market for Medical Devices (In US$ Billion) for Years 2021, 2023, 2025 and 2027
• Digital Bent of Mind of People Amid Rapid Proliferation of Smartphones, Tablets, & On-Demand Streaming Supported by Healthcare Digitalization to Also Drive Growth in the Market
• Pharmaceutical Companies Adopt Medical Simulation for Drug MoA, Marketing, Drug Discovery, Clinical Trials & Approvals
• Direct to Consumer (DTC) Marketing in Healthcare Drives Importance of Animated Explainer Medical Videos
• The Truly Massive Opportunity for DTC Marketing Strategies Can be Put Into Perspective by the Rapidly Expanding Market for Consumer Healthcare Products: Global Market for Consumer Healthcare Products (In US$ Billion) for Years 2020, 2022, 2024, 2026, and 2028
• Rise in Global Surgeries Post COVID & Shortage of Surgeons to Drive Use of Animation to Accelerate Surgeon Education and Training
• As the Number of Surgeries Performed Globally Increase, the Need for Well Trained Surgeons Becomes Acute, Strengthening the Business Case for 3D Animated Surgical Training Programs: Global Market for General Surgery (In US$ Billion) for Years 2018, 2020, 2022, and 2024
• Cardiology, a Promising Field for Medical Animation/Simulation
• Growing Demand for Physicians Coupled with Physician Shortages Spur Emergence of New Medical Institutes & Growing Number of Hospitals that Need Innovative Learning Tools
• Advancement of Animation Technology Paves the Way for More Intricate Animation Videos
• Growing Demand for Educational Animation Presents Favourable Opportunities

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/bz3xqt

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• Global Market for Medical Animation