According to the report, the size of North America Medical Animation Market is valued at USD 116.73 Million in 2022 and expected to grow at a CAGR of 20.12%, to reach USD 291.92 Million by 2027 during the forecast period 2022 to 2027.
The increasing adoption of medical animation by pharmaceutical and life sciences companies, the entry of start-ups, the growing medical device industries, the increasing penetration of smartphones, tablets, and other mobile platforms, and the rising geriatric population coupled with the increasing number of surgeries are all factors contributing to the North America market's growth. The growth of smartphone culture has unquestionably had the most significant impact on the medical animation industry.
According to various projections, there will be well over 4 billion smartphone users in the world by the end of 2020. A significant portion of these individuals will consume content about surgical techniques, pharmaceutical drug action mechanisms, and other medical topics at some point. Over the forecast period, the Medical Animation Market is expected to develop due to an increase in the use of medical animation in the marketing of pharmaceutical products by healthcare professionals for various purposes such as education and promotion.
In addition, animated studies to explain medication mechanisms will be in high demand due to the rising prevalence of cancer and increased R&D activities using 3D animation technology for visualization during new drug development, which is likely to drive industry growth during the forecast period. To stay competitive in the medical animation industry, organizations employ methods such as new product development, mergers, and technology upgrades. Medical animation was always considered a niche market within the spirit and graphics industry. Still, it is increasingly attracting the attention of pharmaceutical companies, life sciences research corporations, medical organizations, and medical device companies.
The rising demand for innovative techniques like flash and real-time animation is expected to provide favorable growth opportunities in the coming years. Furthermore, the growing inclination for patient interaction in the healthcare industry is expected to enhance growth throughout the forecast period. In addition, the presence of active government entities that give knowledge and instructions for the development of technologically upgraded software is credited with the technology's increased penetration.
This research report on the North America Medical Animation Market has been segmented and sub-segmented into the following categories
By Therapeutic Area:
By End User:
Geographically, the high cost of developing medical animation videos and investing in such items is a constraining factor for the North America Medical Animation Market. Furthermore, it necessitates prior training of firm employees to boost efficiency. Companies that provide medical animation services demand a premium; it's not helping the business grow. It is mainly because medical animation is still considered a specialized ability. The situation is exacerbated by a scarcity of certified personnel in the medical animation industry.
The presence of big pharmaceutical companies, higher healthcare spending, top market players, an increase in the number of surgeries in the United States, and the growing medical device industry in Canada are all factors that contribute to the North American region large share. In addition, the start-up attitude in the healthcare and life sciences industries has contributed to the mainstreaming of medical animation to a considerable extent. The newer generation of healthcare organizations has emphasized the need to deliver information visually appealing and instructive, resulting in a new and fascinating battleground for medical animation companies.
KEY MARKET PARTICIPANTS
Prominent Companies leading the North America Medical Animation Market Profiled in the Report are Infuse Medical (U.S.), Hybrid Medical Animation, Inc. (U.S.), Ghost Productions, Inc. (U.S.), Radius Digital Science (U.S.), Nucleus Medical Media, Inc. (U.S.), AXS Studio, Inc. (Canada), Visible Body (U.S.), Elara Systems, Inc. (U.S.), Animated Biomedical Productions (Australia), XVIVO Scientific Animation (U.S.), Scientific Animations, Inc. (U.S.).,
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