- Low Health Literacy.
- Emerging Economies.
Growth Boosters for Global Medical Animation Market:
Medical animation is an educational video or movie created using 3D motion graphics to explain the mechanism of action (MoA) of a medical device, biomedical technology, pharmaceutical drug, or an anatomical or biological process. Animations are used in the medical & pharmaceutical sectors for educational purposes, demonstrations, simulation of surgeries, and analysis and comparative evaluation of treatment among others.
The growth of the overall market can be contributed to the rising adoption of medical animation by pharmaceutical and life sciences companies; entry of start-ups; growing pharmaceutical/biopharmaceutical and medical devices industries; increasing penetration of smartphones, tablets, and other mobile platforms; and rising geriatric population coupled with the growing number of surgeries globally.
# Medical Animation Service Providers
# Life Sciences Companies
# Medical Device Manufacturers
# Market Research and Consulting Firms
# Healthcare Service Providers
# Teaching Hospitals and Academic Medical Centers (AMCS)
# Medical Research Institutes
# Community Centers
# Regulatory Bodies
# Venture Capitalists
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What the Market Looks Like?
The medical animation market is poised to reach USD 301.3 Million by 2021, growing at a CAGR of 20.8% during the forecast period of 2016 to 2021.
Geographical Growth Scenario:
In the coming years, the market is expected to witness the highest growth rate in the Asia-Pacific region. North America is expected to account for the largest share of the global medical animation market. However, the high cost of medical animation services is expected to restrain the growth of this market to a certain extent.
Objectives of the Study:
# To define and measure the global medical animation market on the basis of type, application, therapeutic area, end user, and region.
# To identify key micromarkets and their drivers within the market, which are expected to show impressive growth opportunities in the coming years.
# To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders.
# To strategically analyze the market structure and profile the key players of the market and comprehensively analyze their core competencies.
# To forecast the size of the market segments with respect to four regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
# To track and analyze competitive developments such as agreements, collaborations, and partnerships; marketing and promotions; and new product launches
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