Biotechnology – Latest Market Trends

Epoxy Coating Market Will Reach Height of USD 41.71 billion By 2024

Global Epoxy Coating Market is estimated to reach USD 41.71 billion by 2024 owing to the growing expenditure on commercial and residential construction in emerging economies across the world. Epoxy is a sealant used for concrete flooring. They are made with best hardening material for any kind of epoxy resin and are well known their quick-drying ability, protective coating and toughness.

As compared to the customary heat cured powder coatings, epoxy coatings can be easily applied, which makes them ideal for a wide range of applications like garage bay floors to concrete protection. Besides, epoxy coatings are applied for concrete repairing, protective equipment coating and anti-corrosive coatings. Overall, epoxy coatings safeguards steel and concrete from corrosion by alkalis and acids, salts and other corrosive factors.

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Due to the advantages of epoxy coatings in safety, health and environment, water-borne epoxy coatings are mostly used in applications like building & construction, commercial and transportation. The amplified use of electronic elements in automobiles is one of the major driving forces of epoxy coating industry.

Water-borne epoxy coatings hold properties like toughness, mechanical strength with thermal and electrical features enable the broad use of water-borne epoxy coatings in numerous industries. Besides, wind energy and aerospace industries are also extensively demanding water-borne resin composites, which is expected to drive epoxy coating market in the coming years.

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Epoxy coating industry is also majorly driven by the growth in coating additives industry. Epoxy coatings are used in different applications like paints and construction. Furthermore, they improve strength, chemical resistance, aesthetics and performance of coatings. In construction industry, epoxies are widely used as adhesives in several forms like epoxy primer and epoxy glue. Rise in demand of additives in several applications because of its performance improvement property is also driving the market positively.

The key trends observed in the market comprise properties like corrosive chemicals, heat, and excellent resistance to ultraviolet light among others. Additionally, epoxy coatings also hold features like exceptional adhesion to metal surface, fibers, glass and remarkable dimensional ability which are expected to fuel epoxy coating market in near future. Nevertheless, strict government regulations to control air pollution and epoxy coatings technology that produce low pollutants are predicted to stimulate the market in future.

However, low performance of epoxy coatings in exterior application and sluggish growth observed in developed economies is expected to be a downside of the market. Besides, extensive growth in end-use industries and low interest on housing loan are anticipated to drive the market in the years to come.

Epoxy coating industry is categorized on the basis of type, application and geography. On the basis of type, the market is divided into powder-based, waterborne, and solvent borne. Waterborne type is predicted to be the fastest groin segment in the industry owing to high toughness and mechanical strength with electrical & thermal properties.

Based on application, epoxy coating market is divided into construction, industrial, transportation, automobile, and paints & coatings. Owing to the growing industrialization and commercialization in the developing Asia Pacific economies, construction and industrial sector is expected to hold larger share in the forecast period.

Geographically, the industry is segmented as North America, Europe, Asia Pacific and RoW. Asia Pacific followed by North America and Europe are expected to dominate the market due to industrial development in the years to come. The key vendors in epoxy coating industry include Akzo Nobel, Axalta Coating Systems, BASF, PPG Industries, KANSAI PAINT, The Sherwin-Williams Company, Berger Paints India, Nippon Paint, Tikkurila, and RPM International.

Scanning Electron Microscopes Market Worth About USD 2.9 billion By 2024

The global Scanning Electron Microscopes Market witnesses an explosive growth of USD 2.9 billion due to rise in demand for nanotechnology-based research and rising expenses on R&D. In addition, prompt growth in application areas such as pharmaceuticals, automobiles, semiconductors, and nanotechnology is expected to create favorable market conditions for scanning electron microscope industry.

Furthermore, technological evolution in scanning electron microscopy that enhances the quality control procedures of research laboratories in wide range of industries is expected to contribute to the market growth in the forthcoming period. Overall, the scanning electron microscope market is expected to cross a CAGR of 11.3% in the forthcoming period.

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Scanning electron microscopes have shown an extraordinary progress since their commercialization four decades ago. With the difference in use of SEMs, their performance and functions differ from each other and to use these SEMs, it is crucial to determine their features as well as to acknowledge the factors behind SEM images. Commercially, an SEM is used for observation of specimen surfaces. When the specimen is exposed to a fine electron beam, secondary electrons are discharged from the specimen surface.

An SEM entails electron optical system to generate electron probe with a stage to place a specimen, which acts as a secondary electron detector to accumulate secondary electrons, which is an image display unit and an operation system to undertake various operations.

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The scanning electron microscopes industry is segmented into application and geography. Geographical segmentation for the market spans North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific’s scanning electron microscope market accounted for a rapid growth owing to rise in applications such as semiconductors, pharmaceuticals, automobiles and nanotechnology.

Rise in demand for scanning electron microscopes for material research is likely to propel the South America market in the forthcoming period. In addition, the South American market is expected to cross a CAGR of 11.6% during the forecast period. North American scanning electron microscopes industry accounts for second position with an overall CAGR of 36.10% owing to a wide presence of research and academic institutes and rise in number of clinical trials.

Research-based activities in biotechnology, pharmaceutical industries and life sciences. Middle East and African regions are expected to gain a positive traction in the scanning electron microscopes market in the forthcoming period due to rise in demand for advanced SEM for research and academics. The key players in the scanning electron microscopes industry include FEI, Leica Microsystems, Olympus Corporation, Bruker Corporation, Carl Zeiss, JEOL Ltd, and Hitachi High-Technologies Corporation.

COVID 19 Implications Modified Starch Market Latest Competitive Insights By 2024

The global Modified Starch market was valued at USD 9.36 billion in 2016 and is estimated to grow at a CAGR of 5.7% by the completion of the prediction period. Growing demand for convenience foodstuff and speedily increasing pharmacological manufacturing in the Asia Pacific are expected to motivate the development of the international market.

On the source of the Type of Applications, the statement concentrates on the position and viewpoint for foremost uses. It takes into consideration the intake in terms of sales, market stake, and development percentage of modified starch for respective use, including Fabrics, Papers, Foodstuff & Liquid Refreshment, Medicines, Animal Feedstuff, and others. The subdivision of Foodstuff & Liquid Refreshment held the leading stake of the market by means of income during the past year. Modified starch is utilized such as a thickener in sweet course, permitting the foodstuff to solidify by way of the adding of milk or cold water.

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The modified starch market on the source of Type of Function could span Binders, Thickeners, Emulsifiers, Stabilizers, and others. With reference to income, the subdivision of Thickeners held the leading stake of the modified starch industry during the past year. It is expected to go up by a substantial CAGR above the prediction period.

The modified starch market on the source of Type of Material could span Potato, Cassava, Wheat, Corn, and others. By means of capacity, corn centered modified starch subdivision held the most important stake of the market during the past year. It is expected to carry on leading and is expected to grow by a better CAGR above the period of prediction. Corn is one of the commercially available plentiful raw materials. Corn centered modified starch is broadly utilized as emulsifier, stabilizer, and thickening agent through a number of end use businesses.

The modified starch market on the source of Type of Product shows the Manufacture, Profits, Price, Market stake and Development percentage of respective category could span Pre-gelatinized, Resistant, Cationic, Starch Esters & Ethers, and others.

The modified starch industry on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage for the duration of prediction could span North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.

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By the source of geography, North America headed the market during the past year. Growing significance of low-slung fat nourishment in the U.S. is likely to power the provincial market. The U.S. is one of the most important manufacturers of corn and corn starch in the world. The market in the U.S. is likely to develop considerably because of greater manufacture and exports. Canada is the subsequent biggest supplier in North America. It is likewise estimated to motivate the market due to growing significance of animal feedstuff. Increasing demand from animal feedstuff and foodstuff & liquid refreshment manufacturing are expected to boost the provincial growth in neighboring period.

Encouraging strategies by the government in the occupation of farming indorsing usage of modified starch products and eye-catching funds have generated new-fangled development opportunities in the Asia Pacific. Nations like Taiwan, South Korea, China Japan and India, rest on farming to some level for financial development because of it is the most important supplier to their GDP. The Asia Pacific is responsible for the most important portion of the international manufacture, by way of speedy growth in developing markets. Progress of the Asia Pacific fabric manufacturing is likely to additionally motivate the provincial market.

The statement revises Trades in terms of intake of modified starch in the market; particularly in North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Cargill, Incorporated, Emsland-Starke GmbH, Archer Daniels Midland Company, Global Bio-Chem Technology Group Company Limited, Avebe U.A., A grana Beteiligungs-Ag, and others.

Capsule Endoscopy Market Will Grow AT A CAGR of 8.7% By 2024

The global Capsule Endoscopy (CE) market size was valued at USD 454.7 million in 2014 and is expected to grow at a CAGR of 8.7% in coming years.The market is driven by the factors such as rising incidences of gastrointestinal (GI) diseases, the presence of supportive government initiatives, demand for faster and accurate diagnostics tools for colorectal cancer. CE technique gives pain-free visualization of GI tract images, transmitted through data recorder. Moreover, the introduction of innovatively advanced capsules having a longer battery life and Wi-Fi enabled are anticipated to add to the revenue growth.

With aging, the risk of GI disorders increases. Thereby, expanding worldwide geriatric population is additionally offer with a firm growth platform. As per the W.H.O, global population base relating to the age group – 65 years and or more is relied upon to ascend from 7% in 2000 to 16% in 2050. This is anticipated to enhance the patient base hence, augmenting the development.

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The market is segmented into colon capsule, esophageal capsule and small bowel capsule. As of 2014, the largest share was held by small bowel capsule attributable to its expanding utilization in various multiple conditions such as obscure GI tract bleeding, inflammatory bowel disease, small bowel neoplastic lesions and Crohn’s disease. On the other hand, colon capsule segment is anticipated to exhibit strong development over the forecast period. According to CDC, each year 608,000 fatalities are caused by colorectal cancer. Every year more than 14.5 million colonoscopies are performed. Moreover, rising demand for less invasive diagnosis platform is a key factor assuring the aforementioned conclusion.

Accessories Insights

In 2014, wireless capsule held the leading position amongst the various application segments. The expanding utilization rate of wireless capsules in the colon, esophagus and small intestine and the presence of conducive reimbursement policies are some major drivers for this segment. Technologically enhanced capsules with inbuilt components, such as 360-degree panoramic view, easy transmission, enhanced data storage capability, larger frame rate and greater battery life are further providing this segment with lucrative growth opportunities.

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Leading application segments in 2014 was oscure gastrointestinal bleeding (OGIB). As per the research study of the U.S. National Library of Medicine, CE was found to be more effective as compared to barium X-rays used for examination of OGIB. This technique is utilized for diagnosis of occult bleeding in the duodenum and also for the diagnosis of small bowel tumors and Crohn’s disease. Furthermore, additional advantages such as faster and easier diagnosis and real-time visualization of the whole small intestine, patients and healthcare professionals, are moving their inclination from conventional methods (i.e. double balloon enteroscopy) to CE. This fact is projected to establish healthy platform for the development of this segment over the forecast period. Crohn’s disease application market is expected to experience significant growth because of increasing prevalence this disease together with adoption of CE technique as preferred diagnosis method.

Regional Insights

The largest regional market in 2014 was North America. Rising incidence of colorectal cancer & GI disorders combined with enhanced healthcare infrastructure, presence of conducive reimbursement policies and growing adoption of invasive capsule endoscopy are a few components estimated to drive regional market growth. Asia-Pacific market is considered to grow at a highest growth rate due to rising patient awareness levels, disposable income, advancing healthcare infrastructure and huge presence of untapped opportunities pertaining to cancer screening.

Competitive Insights

The global market is characterized by the presence of companies such as CapsoVision, Chongqing Jinshan Science & Technology (Group) Co., Ltd, Fujifilm Holding Corporation, Given Imaging, IntroMedic Co., Ltd., Olympus Corporation and RF System lab. Novel product advancement aimed at augmenting application base is recognized as one of the most feasible sustainability policies embraced by the producers of CE devices. Furthermore, the use of magnetic & hybrid capsules permitting enhanced control and better imaging are some of the ongoing research elements, expected to spur market growth and reinforce competition over the future period.

Epigenetics Market Will Reach Height of USD 22.05 billion By 2024

The global Epigenetics Market is expected to value at USD 22.05 billion in 2025, exhibiting a CAGR of 19.7% during the forecast period of 2018 to 2025. Rapid surge in the product demand is credited to the ever-growing geriatric population and prevalence of chronic diseases. Globally, the epigenetics market is predicted to generate massive revenue over the forecast period, providing numerous opportunities for industry participants to invest in research and development of epigenetics services.

The identification of severity among patients suffering from chronic diseases and successful execution of disease management are other major factors driving the growth of the genetic testing services domain. High-end demand for latest technologies in healthcare sector and collective research and development (R&D) activities in the area of genetics is anticipated to foster industry growth as well.

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Several diagnostic and testing organization have launched innovative products including antibodies specific for identification of modifications and advanced kits for simple and efficient detection of biomarkers. Furthermore, development of therapeutic drugs by healthcare providers is anticipated to work in favor of the epigenetics market. Introduction of pipeline drugs and rising approval rate from local and international authorities is estimated to augment epigenetics industry growth over the coming years.

Rising approval rate for therapeutic drugs and epigenetics services is the key industry trend over the past few years. For example, Eli Lilly and Co., global pharmaceutical company, has unveiled its product line of advanced therapeutic drugs Ramucirumab (Cyramza), which is recently approved by FDA. Shifting focus towards the epigenetics services by pharmaceutical companies for detecting of methylation markers during cancer treatment is expected to favor epigenetics industry growth. Epigenomics AG has developed Epi proLung BL Reflex Assay that allows simple diagnosis for lung cancer.

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Epigenetics services allows understanding of phenotype changes, which involves alterations in the DNA sequence. Epigenetics testing is performed on various blood sample taken during different time period in person’s life. The fast paced technological advancement in epigenetics testing and sequencing methodologies, has led to the vast expansion of epigenetics testing in preventive healthcare management.

The key players are Illumina, Inc., Abcam, Inc., Diagenode S.A., Thermo Fisher Scientific Group, Merck & Co., Inc., Zymo Research Corp., Qiagen, Inc., CellCentric Ltd., Chroma Therapeutics Ltd., Eisai Co., Ltd., Novartis International AG, Oncolys Biopharma Inc., Syndax Pharmaceuticals, Inc., Valirx Plc, and Sigma-Aldrich Corp.

Organic Peroxide Market Will Accomplish Outstanding USD 1.20 billion Figure By 2024

Global Organic Peroxide Market is expected to reach USD 1.20 billion by 2025. An organic peroxide is a carbon-containing compound with a two oxygen atom joined together. This chemical group is termed as a “peroxy”. These peroxides are mainly used to initiate polymerization that creates plastic polymers. They are necessary for developing plastic like polyvinyl chloride, polystyrene, and complex products like fiberglass. It is mainly used by rubber and plastic industries.

A mixture containing an organic peroxide is mainly used as promoters, accelerators, initiators, activators, hardeners, catalysts, and cross-linking agents. The Organic Peroxide Market is estimated to grow at a significant CAGR of 4.3% over the forecast period as the scope and its applications are rising enormously across the globe.

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High demand for end use polymers and fabrics from middle-class populace and exclusively demanded among manufacturing commodities for detergents, personal care, and packaging are documented as major factors of Organic Peroxide Market that are estimated to enhance the growth in the years to come. However, due to its explosion hazards and severe fire are the factors that may restrain overall market growth in the coming years. Organic Peroxide industry is segmented based on type, application, and region.

Peroxyesters, Diacyl peroxide, Peroxy ketals, Ketone peroxide, Hydro-peroxide, Percarbonates, and Dialkyl peroxide are the types that could be explored in Organic Peroxide in the forecast period. The diacyl peroxide sector accounted for the largest market share and is estimated to lead the overall market in the coming years. This may be because it is used in polymerization process for the polymerization of PVC and act as an initiator for vinyl monomer polymerization.

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The market may be categorized based on applications like personal care, chemicals & plastics, detergents, coatings, adhesives & elastomers, paper & textiles, and others that could be explored in the forecast period. The chemical & plastic sector accounted for the largest market share and is estimated to continue its dominance in the coming years. This may be because it is exclusively used as free radicals, initiators, curing agents, and accelerators for the polymerization of plastics, LDPE, and PVC. In addition, coatings, adhesives & elastomers sector is estimated to grow at fastest pace in the coming years.

Globally, North America accounted for the largest market share of Organic Peroxide and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be high demand from automotive and electrical & electronic industries, expansion of manufacturing facilities, and growing consumer liking towards designer attires. The United States is a major consumer of Organic Peroxide in the region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise high demand from developing countries like India and China.

The key players of Organic Peroxide Market are Vanderbilts Chemicals LLC., Akzo Nobel N.V., AkpaKimyaAmbalajSanayiTicaret Ltd., Arkema,MPI Chemie B.V.,United Initiators, Chinasun Specialty Chemicals Co. Ltd, Pergan GmbH, Novichem, and NOF Corporation. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

Legal Marijuana rising demand for medical applications ranging from cancer, mental disorders, to chronic pain

Robust demand among consumers and growing legalization of recreational and medical marijuana in numerous economies, rising investments by the public and private sector, research and development activities, innovations of safer means for the consumption of marijuana including oils, vapes, tinctures, and other edibles are driving the market.

Legal Marijuana Market is anticipated to reach 146.4 billion by end of 2025. The market is anticipated to grow at a healthy rate in the years to come.

Why Legal Marijuana:

Future of Legal Marijuana:

Also, increasing number of conditions treated for the usage of medical marijuana and expansion of the patient base across the globe, rise in the adoption rates of marijuana in varied medical applications ranging from cancer, mental disorders, to chronic pain are likely to foster the growth. The market is anticipated to grow at a significant CAGR of 34.6% in the upcoming period as the scope, product types and its applications are increasing across the globe.

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Legal marijuana industry may be explored by type, product, applications, and geography. The market may be explored by type as Medical, and Recreational. The “Medical” segment dominated the legal marijuana market in 2016 and is anticipated to maintain its dominance by 2025 due to the fact that several countries have approved hemp products for cancer-induced nausea, chronic pain, and multiple sclerosis. “Recreational” segment is anticipated to record the highest CAGR over the forthcoming period.

Legal marijuana industry may be explored by product as Oil, Tinctures, and Buds. In 2016, Bud dominated the market. The factors that contribute to the market growth include widespread acceptance of buds and their low cost as compared to extracts or derivatives. These buds are extensively used for smoking and are in high demand for entertainment.

Legal marijuana market may be explored by Applications as Mental Disorders, Chronic Pain, Cancer, and Others. The “chronic pain” segment dominated the legal marijuana industry in 2016 and is anticipated to maintain its dominance by 2025 due to facts that cannabis help to decrease pain and increase lifespan among patients suffering from chronic pain. However, “Chronic pain” segment is followed by the “Metal disorder” segment and anticipated to record the highest CAGR in the years to come.

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North America accounted for the major share of the global Legal Marijuana Market Size Analysis in 2016 and will continue to lead in the forecast period North America is followed by Europe and Asia-Pacific and it is anticipated to record at the highest CAGR in the forecast period.

Some of the key players that fuel the growth of the legal marijuana industry include Aphria, Inc.; Aurora Cannabis; Canopy Growth Corporation; Maricann Group, Inc.; The Cronos Group; Tilray; Organigram Holdings, Inc.; Tikun Olam, and ABcannMedicinals, Inc.;The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Single Cell Analysis Market Will Generate About USD 5.9 billion By 2026

Global Single Cell Analysis Market is anticipated to reach USD 5.9 billion in the forecast period. Single-cell analysis is the study of transcriptomics, genomics, metabolomics and proteomics at the single cell level. The analysis provides the type of examination which is helpful in various segments and it has been supported by the constant technological updates in research implements.

Factors, such as increasing focus on personalized medicine, technological developments in single-cell analysis products, increasing research and development in the single cell analysis field, rapid progression in the healthcare segment across the globe and partnership and collaboration among key players to favor market development are likely to drive the single-cell analysis industry in forthcoming period.

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On the other hand, high cost of single-cell analysis products and lack of awareness are anticipated to hinder the market growth of single cell analysis in the future. However, growth in stem cell research is likely to create lucrative opportunities for the market. Single cell analysis market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Single cell analysis industry is segmented by product type, types of cell, technique, application, end user and geography. Based on product segmentation, the single cell market comprises Consumable, and Instruments. The “Consumable” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of the market include existing players accepting numerous policies to boost sales and continuous demand from end users.

Based on types of cell, the single-cell analysis market could span Animal, Human, and Microbial Cells. The market could be explored based on technique as Polymerase Chain Reaction, Mass Spectroscopy, and Others. The key applications that could be explored in the single cell analysis industry include Diagnostic and Research Applications. Single cell analysis market could be explored by the end user as Biotechnology and Biopharmaceutical Companies, Academic & Research Institutes, and Others.

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North America is a leading region in the market. It is likely to maintain a dominance in the forecast period owing to factors, such as the establishment of new biopharmaceutical and biotechnology products in the region. Furthermore, acceptance of gene-based analysis methods by these companies and research laboratories is increasing the regional market growth.

In addition, North America is followed by the Asia-Pacific region owing to several government initiatives undertaken to progress healthcare infrastructure, accessibility of skilled specialists to work advanced analytical instruments, and increasing healthcare spending.

Key players operating in the single cell analysis industry include Abcam Plc., 10X Genomics, Agilent Technologies, Becton, Fluxion Biosciences, Bio-Rad Laboratories, Inc., Dickinson and Company, Illumina, Danaher Corporation, Bruker, GE Healthcare, Fluidigm Corporation, and Bio-Techne Corporation, among others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Aerosol Market Is Burgeoning Worldwide By 2025

Global Aerosol Market is expected to grow at a significant pace during the forecast period. An aerosol is a collection of solid or liquid particles in suspension in a gas. Aerosols are present in atmosphere but in varying concentrations and this is due to heterogeneity in aerosol sources and short life in atmosphere. There are hundreds of aerosols invisible to the naked eye due to their microscopic size but as the concentrations are large enough, the collective effect is easily visible to the naked eye.

The properties and amount of aerosols are highly variable in space and time and the most important features of aerosol include size distribution, shape of the particles and chemical composition. Aerosol market is driven by rise in demand for packaging products such as household cleaners & insecticides. There is a plethora of opportunities for market players, since they provide an ease of application for insecticides and household cleaners. Aerosols are known to produce less waste, which in turn enlarges the market demand.

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By application, aerosol market is segmented into household, paints and varnishes, automotive, food and beverages, personal care and insecticides. Personal care category accounts for a higher share in the aerosol industry due to rise in awareness about personal care & hygiene.

Aerosol market is geographically segmented as North America, South America, Europe, Asia-Pacific, Middle East and Africa. Europe market accounts for a significant market share in the global space owing to use of aerosols in the personal care and medical industries. Presence of larger market and ease of accessibility for consumers is likely to supplement the market growth during the forecast period.

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The key players profiled in the aerosol industry report are Reckiit Benckiser Group Plc, Procter & Gamble Company, Akzo Nobel N.V., Unilever Plc, Speciali S.p.A., SC Johnson & Son Inc. Thymes LLC, Honeywell International Inc, and ColepPolska S.p.A.

Market Segment:

Application Outlook (Volume, million units; Revenue, USD million, 2014 – 2025)
• Personal care
  • Household
  • Automotive & Industrial
  • Food
  • Paints
  • Medical
  • Others

Covid-19 Influence on Medical Animation Market Insights With Region Specific Analysis 2025

Medical animation is an educational documentary that is based on a surgical or physiological subject. Medical animation is the easiest and fastest way to educate medical students, patients or laymen about a medical process.

Global Medical Animation Market is estimated to grow significantly in the coming years owing to the rising use of medical animation in the pharmaceutical marketing sector. Medical animation is an educational documentary that is based on a surgical or physiological subject. Medical animation is the easiest and fastest way to educate medical students, patients or laymen about a medical process. It offers cutting-edge graphics to convey medical information with great clarity and significant detail.

Medical animation market is driven by factors like introduction of 3D computer graphics in medical marketing, rise in research and development activities and awareness for various health issues. Moreover, developing and growing pharmaceutical industry, adoption of animated studies and rise in demand for real-time & flash animation is boosting the market growth of medical animation. However, lack of skilled labor in the market under the study period is hampering the growth of market.

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Improvements in motion picture technology in the animation sector is one of the trends witnessed by the market. However, rising focus towards associating emerging markets with the help of government funding and private & public sector collaboration is expected to bring opportunities in the medical animation industry.

Medical animation market is categorized on the basis of animation type, application, end user and geography. On the basis of animation type, the market is divided into flash animation, 2D animation, 3D animation and (4D Animation) real time imaging. 3D animation segment is anticipated to lead the market owing to its effectiveness and emergence of digitalization that stimulates the use of 3D animation.

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Based on application, medical animation industry is divided into surgical training and planning, cellular and molecular studies, patient education, drug mechanism of action (MOA) and approval and others. The drug mechanism of action (MOA) segment is expected to hold larger share of market owing to the developing healthcare sector.

In terms of application, medical animation market is split into medical device or drug formula simulation, emergency care education, patient education, cellular or molecular animation, forensic reconstruction and surgical training. The emergency care education segment registers significant growth since it delivers several instruction related to emergency care.

Based on end users, medical animation industry is bifurcated into life sciences & biological research companies, pharmaceutical companies, medical device manufacturers, academic institutions, hospitals & surgical centers. The medical device manufacturers segment is expected to lead market of medical animation due to introduction of new surgical devices that requires training doctors.

Geographically, medical animation market is segmented as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. North America is anticipated to dominate the market owing to the rising penetration of electronic devices and large number of pharmaceutical companies that use animation for promotion and medical education purposes. Asia-Pacific is also projected to lead market of medical animation due to increasing adoption of medical animation.

The major players profiled in medical animation industry are Animated Biomedical Production, Infuse Medical, Ghost Productions, Radius Digital Science, AXS Studio, Blausen Medical Communications, Nucleus Medical Media, Invivo Communications, Elara Systems, Visible Body, Medmovie, Trinsic Animation, Viscira, Hybrid Medical Animation, Scientific Animations and Xvivo Scientific Animation.