Medical animation is a video or documentary that explains the mechanism of action (MoA) of a medical equipment, biomedical technology, pharmaceutical drug, or anatomical or biological process using 3D motion graphics. Animations are utilised in the therapeutic and medical fields for a variety of purposes, including educational purposes, surgery simulation, demonstrations, and therapy analysis and comparative evaluation, among others. Low healthcare literacy among developing nations, high adoption of medical animation by drug companies, healthcare institutions are expected to fuel the market growth during the forecast period.
MARKET SCOPE
The "Global Medical Animation Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the medical animation market with detailed market segmentation by type, therapeutic area, application and end user. The report provides key statistics on the market status of the leading medical animation market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type the market is segmented as, 3D animation, 2D animation, real time imaging (4D animation), and flash animation.
- Based on therapeutic area the market is segmented as, oncology, cardiology, cosmeceuticals/plastic surgery, dental, and others.
- Based on application the market is segmented as, drug mechanism of action (MOA) & approval, patient education, surgical training & planning, cellular & molecular studies, other applications.
- Based on end user the market is segmented as, life science companies, medical device manufacturers, hospitals, surgical centers, & clinics, academic institutes, other end users.
MARKET DYNAMICS
Drivers:
- Low healthcare literacy among some of the developing nations.
- Growing adoption of medical animation by drug companies, healthcare institutions, medical device industries is also expected to spur the market growth.
- Growth in drug companies and medical devices companies.
- Increasing technology penetration by growing number of smart phones, smart devices etc.
- Growing number of surgeries performed globally which often require medical animation for illustration purpose.
Restraints:
- However, high cost of medical animations is likely to hamper market growth during the forecast period.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The medical animation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the medical animation market in these regions.
IMPACT OF COVID-19 ON MEDICAL ANIMATION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The medical animation market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the medical animation market in these regions.
IMPACT OF COVID-19 ON MEDICAL ANIMATION MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the medical animation market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from medical animation market are anticipated to lucrative growth opportunities in the future with the rising demand for medical animation in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the medical animation market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- INFUSE MEDIA GROUP, LLC
- Hybrid Medical Animation
- Elara Systems, Inc
- Scientific Animations, Inc.
- INVIVO
- Random42 Scientific Communication
- Radius Digital Science
- Nucleus Medical Media
- AXS Studio
- XVIVO Scientific Animation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Medical Animation Market - By Type
1.3.2 Medical Animation Market - By Therapeutic Area
1.3.3 Medical Animation Market - By Application
1.3.4 Medical Animation Market - By End User
1.3.5 Medical Animation Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MEDICAL ANIMATION MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. MEDICAL ANIMATION MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MEDICAL ANIMATION MARKET - GLOBAL MARKET ANALYSIS
6.1. MEDICAL ANIMATION - GLOBAL MARKET OVERVIEW
6.2. MEDICAL ANIMATION - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. MEDICAL ANIMATION MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. 3D ANIMATION
7.3.1. Overview
7.3.2. 3D Animation Market Forecast and Analysis
7.4. 2D ANIMATION
7.4.1. Overview
7.4.2. 2D Animation Market Forecast and Analysis
7.5. REAL TIME IMAGING (4D ANIMATION)
7.5.1. Overview
7.5.2. Real Time Imaging (4D Animation) Market Forecast and Analysis
7.6. FLASH ANIMATION
7.6.1. Overview
7.6.2. Flash Animation Market Forecast and Analysis
8. MEDICAL ANIMATION MARKET - REVENUE AND FORECASTS TO 2028 - THERAPEUTIC AREA
8.1. OVERVIEW
8.2. THERAPEUTIC AREA MARKET FORECASTS AND ANALYSIS
8.3. ONCOLOGY
8.3.1. Overview
8.3.2. Oncology Market Forecast and Analysis
8.4. CARDIOLOGY
8.4.1. Overview
8.4.2. Cardiology Market Forecast and Analysis
8.5. COSMECEUTICALS/PLASTIC SURGERY
8.5.1. Overview
8.5.2. Cosmeceuticals/Plastic Surgery Market Forecast and Analysis
8.6. DENTAL
8.6.1. Overview
8.6.2. Dental Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. MEDICAL ANIMATION MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. DRUG MECHANISM OF ACTION (MOA) AND APPROVAL
9.3.1. Overview
9.3.2. Drug Mechanism of Action (MOA) and Approval Market Forecast and Analysis
9.4. PATIENT EDUCATION
9.4.1. Overview
9.4.2. Patient Education Market Forecast and Analysis
9.5. SURGICAL TRAINING AND PLANNING
9.5.1. Overview
9.5.2. Surgical Training and Planning Market Forecast and Analysis
9.6. CELLULAR AND MOLECULAR STUDIES
9.6.1. Overview
9.6.2. Cellular and Molecular Studies Market Forecast and Analysis
9.7. OTHER APPLICATIONS
9.7.1. Overview
9.7.2. Other Applications Market Forecast and Analysis
10. MEDICAL ANIMATION MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. LIFE SCIENCE COMPANIES
10.3.1. Overview
10.3.2. Life Science Companies Market Forecast and Analysis
10.4. MEDICAL DEVICE MANUFACTURERS
10.4.1. Overview
10.4.2. Medical Device Manufacturers Market Forecast and Analysis
10.5. HOSPITALS AND CLINICS
10.5.1. Overview
10.5.2. Hospitals and Clinics Market Forecast and Analysis
10.6. ACADEMIC INSTITUTES
10.6.1. Overview
10.6.2. Academic Institutes Market Forecast and Analysis
10.7. OTHER END USERS
10.7.1. Overview
10.7.2. Other End Users Market Forecast and Analysis
11. MEDICAL ANIMATION MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Medical Animation Market Overview
11.1.2 North America Medical Animation Market Forecasts and Analysis
11.1.3 North America Medical Animation Market Forecasts and Analysis - By Type
11.1.4 North America Medical Animation Market Forecasts and Analysis - By Therapeutic Area
11.1.5 North America Medical Animation Market Forecasts and Analysis - By Application
11.1.6 North America Medical Animation Market Forecasts and Analysis - By End User
11.1.7 North America Medical Animation Market Forecasts and Analysis - By Countries
11.1.7.1 United States Medical Animation Market
11.1.7.1.1 United States Medical Animation Market by Type
11.1.7.1.2 United States Medical Animation Market by Therapeutic Area
11.1.7.1.3 United States Medical Animation Market by Application
11.1.7.1.4 United States Medical Animation Market by End User
11.1.7.2 Canada Medical Animation Market
11.1.7.2.1 Canada Medical Animation Market by Type
11.1.7.2.2 Canada Medical Animation Market by Therapeutic Area
11.1.7.2.3 Canada Medical Animation Market by Application
11.1.7.2.4 Canada Medical Animation Market by End User
11.1.7.3 Mexico Medical Animation Market
11.1.7.3.1 Mexico Medical Animation Market by Type
11.1.7.3.2 Mexico Medical Animation Market by Therapeutic Area
11.1.7.3.3 Mexico Medical Animation Market by Application
11.1.7.3.4 Mexico Medical Animation Market by End User
11.2. EUROPE
11.2.1 Europe Medical Animation Market Overview
11.2.2 Europe Medical Animation Market Forecasts and Analysis
11.2.3 Europe Medical Animation Market Forecasts and Analysis - By Type
11.2.4 Europe Medical Animation Market Forecasts and Analysis - By Therapeutic Area
11.2.5 Europe Medical Animation Market Forecasts and Analysis - By Application
11.2.6 Europe Medical Animation Market Forecasts and Analysis - By End User
11.2.7 Europe Medical Animation Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Medical Animation Market
11.2.7.1.1 Germany Medical Animation Market by Type
11.2.7.1.2 Germany Medical Animation Market by Therapeutic Area
11.2.7.1.3 Germany Medical Animation Market by Application
11.2.7.1.4 Germany Medical Animation Market by End User
11.2.7.2 France Medical Animation Market
11.2.7.2.1 France Medical Animation Market by Type
11.2.7.2.2 France Medical Animation Market by Therapeutic Area
11.2.7.2.3 France Medical Animation Market by Application
11.2.7.2.4 France Medical Animation Market by End User
11.2.7.3 Italy Medical Animation Market
11.2.7.3.1 Italy Medical Animation Market by Type
11.2.7.3.2 Italy Medical Animation Market by Therapeutic Area
11.2.7.3.3 Italy Medical Animation Market by Application
11.2.7.3.4 Italy Medical Animation Market by End User
11.2.7.4 Spain Medical Animation Market
11.2.7.4.1 Spain Medical Animation Market by Type
11.2.7.4.2 Spain Medical Animation Market by Therapeutic Area
11.2.7.4.3 Spain Medical Animation Market by Application
11.2.7.4.4 Spain Medical Animation Market by End User
11.2.7.5 United Kingdom Medical Animation Market
11.2.7.5.1 United Kingdom Medical Animation Market by Type
11.2.7.5.2 United Kingdom Medical Animation Market by Therapeutic Area
11.2.7.5.3 United Kingdom Medical Animation Market by Application
11.2.7.5.4 United Kingdom Medical Animation Market by End User
11.2.7.6 Rest of Europe Medical Animation Market
11.2.7.6.1 Rest of Europe Medical Animation Market by Type
11.2.7.6.2 Rest of Europe Medical Animation Market by Therapeutic Area
11.2.7.6.3 Rest of Europe Medical Animation Market by Application
11.2.7.6.4 Rest of Europe Medical Animation Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Medical Animation Market Overview
11.3.2 Asia-Pacific Medical Animation Market Forecasts and Analysis
11.3.3 Asia-Pacific Medical Animation Market Forecasts and Analysis - By Type
11.3.4 Asia-Pacific Medical Animation Market Forecasts and Analysis - By Therapeutic Area
11.3.5 Asia-Pacific Medical Animation Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Medical Animation Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Medical Animation Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Medical Animation Market
11.3.7.1.1 Australia Medical Animation Market by Type
11.3.7.1.2 Australia Medical Animation Market by Therapeutic Area
11.3.7.1.3 Australia Medical Animation Market by Application
11.3.7.1.4 Australia Medical Animation Market by End User
11.3.7.2 China Medical Animation Market
11.3.7.2.1 China Medical Animation Market by Type
11.3.7.2.2 China Medical Animation Market by Therapeutic Area
11.3.7.2.3 China Medical Animation Market by Application
11.3.7.2.4 China Medical Animation Market by End User
11.3.7.3 India Medical Animation Market
11.3.7.3.1 India Medical Animation Market by Type
11.3.7.3.2 India Medical Animation Market by Therapeutic Area
11.3.7.3.3 India Medical Animation Market by Application
11.3.7.3.4 India Medical Animation Market by End User
11.3.7.4 Japan Medical Animation Market
11.3.7.4.1 Japan Medical Animation Market by Type
11.3.7.4.2 Japan Medical Animation Market by Therapeutic Area
11.3.7.4.3 Japan Medical Animation Market by Application
11.3.7.4.4 Japan Medical Animation Market by End User
11.3.7.5 South Korea Medical Animation Market
11.3.7.5.1 South Korea Medical Animation Market by Type
11.3.7.5.2 South Korea Medical Animation Market by Therapeutic Area
11.3.7.5.3 South Korea Medical Animation Market by Application
11.3.7.5.4 South Korea Medical Animation Market by End User
11.3.7.6 Rest of Asia-Pacific Medical Animation Market
11.3.7.6.1 Rest of Asia-Pacific Medical Animation Market by Type
11.3.7.6.2 Rest of Asia-Pacific Medical Animation Market by Therapeutic Area
11.3.7.6.3 Rest of Asia-Pacific Medical Animation Market by Application
11.3.7.6.4 Rest of Asia-Pacific Medical Animation Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Medical Animation Market Overview
11.4.2 Middle East and Africa Medical Animation Market Forecasts and Analysis
11.4.3 Middle East and Africa Medical Animation Market Forecasts and Analysis - By Type
11.4.4 Middle East and Africa Medical Animation Market Forecasts and Analysis - By Therapeutic Area
11.4.5 Middle East and Africa Medical Animation Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Medical Animation Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Medical Animation Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Medical Animation Market
11.4.7.1.1 South Africa Medical Animation Market by Type
11.4.7.1.2 South Africa Medical Animation Market by Therapeutic Area
11.4.7.1.3 South Africa Medical Animation Market by Application
11.4.7.1.4 South Africa Medical Animation Market by End User
11.4.7.2 Saudi Arabia Medical Animation Market
11.4.7.2.1 Saudi Arabia Medical Animation Market by Type
11.4.7.2.2 Saudi Arabia Medical Animation Market by Therapeutic Area
11.4.7.2.3 Saudi Arabia Medical Animation Market by Application
11.4.7.2.4 Saudi Arabia Medical Animation Market by End User
11.4.7.3 U.A.E Medical Animation Market
11.4.7.3.1 U.A.E Medical Animation Market by Type
11.4.7.3.2 U.A.E Medical Animation Market by Therapeutic Area
11.4.7.3.3 U.A.E Medical Animation Market by Application
11.4.7.3.4 U.A.E Medical Animation Market by End User
11.4.7.4 Rest of Middle East and Africa Medical Animation Market
11.4.7.4.1 Rest of Middle East and Africa Medical Animation Market by Type
11.4.7.4.2 Rest of Middle East and Africa Medical Animation Market by Therapeutic Area
11.4.7.4.3 Rest of Middle East and Africa Medical Animation Market by Application
11.4.7.4.4 Rest of Middle East and Africa Medical Animation Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Medical Animation Market Overview
11.5.2 South and Central America Medical Animation Market Forecasts and Analysis
11.5.3 South and Central America Medical Animation Market Forecasts and Analysis - By Type
11.5.4 South and Central America Medical Animation Market Forecasts and Analysis - By Therapeutic Area
11.5.5 South and Central America Medical Animation Market Forecasts and Analysis - By Application
11.5.6 South and Central America Medical Animation Market Forecasts and Analysis - By End User
11.5.7 South and Central America Medical Animation Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Medical Animation Market
11.5.7.1.1 Brazil Medical Animation Market by Type
11.5.7.1.2 Brazil Medical Animation Market by Therapeutic Area
11.5.7.1.3 Brazil Medical Animation Market by Application
11.5.7.1.4 Brazil Medical Animation Market by End User
11.5.7.2 Argentina Medical Animation Market
11.5.7.2.1 Argentina Medical Animation Market by Type
11.5.7.2.2 Argentina Medical Animation Market by Therapeutic Area
11.5.7.2.3 Argentina Medical Animation Market by Application
11.5.7.2.4 Argentina Medical Animation Market by End User
11.5.7.3 Rest of South and Central America Medical Animation Market
11.5.7.3.1 Rest of South and Central America Medical Animation Market by Type
11.5.7.3.2 Rest of South and Central America Medical Animation Market by Therapeutic Area
11.5.7.3.3 Rest of South and Central America Medical Animation Market by Application
11.5.7.3.4 Rest of South and Central America Medical Animation Market by End User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. MEDICAL ANIMATION MARKET, KEY COMPANY PROFILES
13.1. INFUSE MEDIA GROUP, LLC
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. HYBRID MEDICAL ANIMATION
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. ELARA SYSTEMS, INC
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. SCIENTIFIC ANIMATIONS, INC.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. INVIVO
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. RANDOM42 SCIENTIFIC COMMUNICATION
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. RADIUS DIGITAL SCIENCE
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. NUCLEUS MEDICAL MEDIA
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. AXS STUDIO
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. XVIVO SCIENTIFIC ANIMATION
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
- INFUSE MEDIA GROUP, LLC
- Hybrid Medical Animation
- Elara Systems, Inc
- Scientific Animations, Inc.
- INVIVO
- Random42 Scientific Communication
- Radius Digital Science
- Nucleus Medical Media
- AXS Studio
- XVIVO Scientific Animation
- Blausen Medical Communications, Inc.
- Trinsic Animation
- Viscira
- Understand.com, LLC
- Medmovie, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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