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Medical Animation Market Size Worth $556.8 Million By 2025 | CAGR: 18.6%

The global medical animation market is expected to grow at growth rate of 18.6% to reach USD 556.8 million by 2025.

Medical technology plays a strategic role in fostering the change of medical animation towards better health outcomes. With the convergence of several technology breakthroughs, the pace of animation industry in the medical sector is accelerating. Companies are coming up with new and innovative 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. Such introduction would, in turn, provide a healthy platform for the growth of this industry over the study period. Additionally, increasing number of surgeries coupled with a rise in healthcare spending drive the market growth to great extent. However, the high cost of animation services hampers the market growth to some extent.

Key Takeaways

3D technology is accounted for the significant share of the global market as it offers a high-quality illustration of internal processes compared to other conventional technologies
Application segment is divided into Surgical Training, Drug Mechanism, Patient Education, Molecular Studies, and Others
The therapeutic segment is divided into Oncology, Cardiology, Dental, Plastic Surgery, and others.
The end-use category is viewed as Academics, Hospitals, and others.
Companies such as Infuse Medical, Ghost Productions, Inc., Hybrid Animation, Scientific Animations, Radius Digital Science, and Viscira are operating in this market
Partner with government and others healthcare providers to reach out to the customers with affordable products is one of the strategies adopted by key companies For example, in March 2016, Viscira is acquired by Sudler & Hennessey Group which is healthcare communication company in a probe to product portfolio expansion
Companies are expanding their presence through product introduction as well. In May 2016, Viscira launched Vilumina demo reel for life science industry. This is promotional activity in which the production capabilities of Viscira are demonstrated for creating awareness amongst consumers.

KEY BENEFITS OF THE REPORT

In-depth analysis of the key market dynamics
Granular analysis of the current market scenario and expected factors to affect the market
Detailed analysis of the geographic region, regional and county wise analysis
Highlight on the strategies that are being adopted by the key players in this market to stay competitive
Extensive analysis of the key players dominating the market

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

Market Segmentation

MARKET, BY TECHNOLOGY