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Rise in healthcare innovations to bolster 3D rendering market share over 2019-2015

Publisher : Fractovia | Published Date : 2019-12-20Request Sample

The global 3D rendering market share is proliferating at a commendable pace owing to increasing deployment of 3D technology across different business verticals along with rising need to adapt cost-effective manufacturing techniques to enhance productivity.

In terms of application landscape, the product design and modelling segment of 3D rendering industry is expected to witness an annual growth rate of 23% over 2019-2025. 3D modelling converts 3D frames into 2D animation or images. The 3D rendering platforms for product designing and modelling are being used in various sectors like healthcare, automotive, electronic equipment, while three-dimensional training is being deployed for teaching, landscape designing in architecture and interior designing among others. Thus, the dynamic use of 3D technology for product design and modelling is positively influencing 3D rendering industry outlook.

The use of architecture 3D rendering has gained substantial momentum in the past few years owing to the rise in urbanization and the need to enhance the design in real time by making refinements and providing multiple versions of the design. The architectural rendering services allow three dimensional images showing the attributes of a proposed design. AutoCAD, Maxwell, SketchUp, Mental Ray are some of the widely used 3D rendering software by architectural companies. Thus, the growing demand for 3D technology in architecture and real-estate industry is steering 3D rendering market trends.

The usage of 3D rendering services is gaining popularity in the healthcare industry. The growing number of innovations in the medical facilities is translating into development of precise healthcare solutions that improve the outcomes, benefitting both doctors and patients. In fact, the healthcare 3D rendering industry size is expected to increase at a CAGR of 25% in the coming years. The use of advanced 3D technologies witnessed in the healthcare sectors in various aspects like medical simulation, medical device design and manufacturing, virtual surgical planning 3D prints is augmenting the growth prospects of 3D rendering industry.

Innovations such as medical animations that serve as a training tool, which are beneficial for product demonstration, have added value to the 3D rendering technology. Surgical procedures are better explained with the help of 3D medical animations, which subsequently help the patients undergoing surgery to understand the procedure and make better informed choices regarding the procedure they wish to undergo. The use of 3D imaging helps understand complex medical techniques and provides a clear picture of the diagnosis. Therefore, 3D rendering industry share is proliferating at a decent rate due to its rising importance in critical sectors like healthcare.

In terms of geographical expansion, the fast-growing automobile sector in APAC region has contributed immensely to the remuneration scale of the global 3D rendering market. With countries like India witnessing a 9.84% increase in domestic automobile production between the year 2018-2019, the need to carry out R&D in the automobile sector has become a need of the hour. Reportedly, the Asia Pacific rendering industry share is projected to exceed a CAGR of 24% over the forecast period.

3D car modelling allows the automotive sector to save time and cost linked to the manufacturing of vehicle parts along with accelerating design activity, enabling the technicians to develop a clear picture of the car and test it thoroughly even before the physical product is built. The burgeoning demand for 3D rendering services in the automobile sector to carry out product innovations is strengthening 3D rendering market outlook.

3D rendering market, in essence, is driven by the need to visualize future projects and modify accordingly to suit the growing demand in various sectors of the economy. 3D imagery facilitates precision and accuracy, thereby reducing cost and errors. Architectural 3D rendering service is strengthening the infrastructural development in emerging nations, thus improving the socio-economic conditions.

The usage of 3D technology in the healthcare sector allows enhanced treatments thereby saving lives. The presence of 3D rendering platforms in various crucial industries would drive 3D rendering market share, which is projected to exceed USD 6 billion in terms of revenue by 2025, claims the latest research report compiled by Global Market Insights, Inc.

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