Dublin, Oct. 24, 2023 (GLOBE NEWSWIRE) -- The "Medical Animation - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Medical Animation Market to Reach $1.4 Billion by 2030
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 22.6% CAGR and reach US$490.6 Million by the end of the analysis period. Growth in the 3D segment is estimated at 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.
Moreover, it profiles a range of key competitors which include Animated Biomedical Productions, Ghost Productions, Medmovie.com, and more.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
- Growing Acknowledgement of Animation & Simulation in Learning & Training Sets the Foundation for the Growth of Medical Animation
- 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
- 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
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
- Robust Outlook for Medical Devices Expands the Need for Medical Device Companies to Build Animations to Help Convey Complex Device Information With Ease & Clarity
- 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
- 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
FOCUS ON SELECT PLAYERS (Total 85 Featured)
- Flatworld Solutions Pvt., Ltd.
- Random42 Scientific Communication.
- Understand.Com
- Elara Systems, Inc.
- Austin Visuals 3D Animation Studio
- vAnimations Studio
- Broadcast2world
- 3FX
- Delaplaine Creative
- Nanobot Medical Animation
- Virtual Point
For more information about this report visit https://www.researchandmarkets.com/r/mrq0u7
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