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(MoneyNewsWire.Net, December 15, 2017 ) Europe Medical Animation Market was worth USD 25 million in 2016 and estimated to be growing at a CAGR of 18.22%, to reach USD 57 million by 2021. Medical animations are educational videos used to explain surgical or physiological topics by the help of computer graphics which are rendered. They are mostly viewed by patients and medical professionals among other users. Initially, these animations were basic in nature, but with the advancement in technology the videos became more intricate. They can be coupled with additional devices such as haptic gloves, head mounted displays and electronic lenses.
Medical animations have a range of applications. A fully informed consent can be obtained from patients before performing a surgical procedure on them. Since carcasses are difficult to find, surgical instructions can be demonstrated with the help of animated videos. Animations can be used to demonstrate numerous biological processes occuring inside a living cell. They can be used to explain the mechanism of action of pharmaceutical drugs. During cases of emergency, animations can be used to help novices in performing a cardiovascular resuscitation procedure. In the field of forensics, they can be used to recreate a crime scene which can be produced in court.
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The driving factors of Europe Medical Animation market are growing number of surgeries, rising growth of advancements in technology, rising penetration of electronic devices such as smartphones, tablets and computers, increasing number of pharmaceutical companies using medical animations, growing geriatric population and entry of start-ups among others. However the market is constrained by factors like high cost of generating medical animations.
The Europe Medical Animation market is divided on the basis of type into 3D animation, 2D animation, flash animation and real-time animation. On the basis of therapeutic area, the market is categorized into cardiology, cosmeceuticals, oncology, dental and other end users. By end users, the market is divided into life science companies, academic institutes, hospitals, surgical centres and clinics, medical device manufacturers and other end users. By application, the market is segmented into drug mechanism of action, cellular and molecular applications, patient education, surgical training and planning and other applications.
Market Segmentation:
1 Type
1.1 3D animation
1.2 2D animation
1.3 Flash Animation
1.4 Real-Time Animation
1.5 Y-o-Y Growth Analysis, By Type
1.6 Market Attractiveness Analysis, By Type
1.7 Market Share Analysis, By Type
2 Therapeutic Area
2.1 Cardiology
2.2 Cosmeceuticals
2.3 Oncology
2.4 Dental
2.5 Other End Users
2.6 Y-o-Y Growth Analysis, By Therapeutic Area
2.7 Market Attractiveness Analysis, By Therapeutic Area
2.8 Market Share Analysis, By Therapeutic Area
3 Application
3.1 Drug Mechanism of Action
3.2 Cellular and Molecular Applications
3.3 Patient Education
3.4 Surgical Training
3.5 Planning
3.6 Other Applications
3.7 Y-o-Y Growth Analysis, By Application
3.8 Market Attractiveness Analysis, By Application
3.9 Market Share Analysis, By Application
4 End Users
4.1 Life Science Companies
4.2 Academic Institutes,
4.3 Hospitals, Surgical Centres and Clinics
4.4 Medical Device Manufacturers
4.5 Other End Users
4.6 Y-o-Y Growth Analysis, By End Users
4.7 Market Attractiveness Analysis, By End Users
4.8 Market Share Analysis, By End Users
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The Europe Medical Animation market is divided based on geography into United Kingdom, France, Germany, Italy and Spain. Europe holds the second largest share in the global market after North America region. Factors such as rising geriatric population, rising penetration of electronic devices and progressing technological advancements is expected to drive the growth of this market in the region.
Scope of the report:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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Some of the major players in the market include 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.), INVIVO Communications, Inc. (Canada), Random42 Scientific Communication (U.K.), Blausen Medical Communications, Inc. (U.S.), Trinsic Medical Animation, LLC. (U.S.), Viscira (U.S.), Understand.com (U.S.), and Medmovie, Inc. (U.S.).
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