The global advanced visualization market is expected to reach USD 3.19 Billion by 2021 from USD 1.89 Billion in 2016, growing at a CAGR of 11.0% from 2016 to 2021.
The Research report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the Advanced Visualization Market, along with revenue estimates & forecasts and market share analysis.
The factors driving market growth include technological advancements in AV software such as integration of PACS & AV tools, improved diagnostic interpretation with AV tools, rising prevalence of target diseases, and growing demand for advanced diagnostic procedures. However, factors such as limited medical reimbursements for radiology-based diagnostic procedures and technological limitations associated with existing advanced visualization analysis may restrain the market growth.
What the Market Looks Like?
The report “Advanced Visualization Market by Products (Hardware, Software), Services, Solution (Standalone, Enterprise), Imaging Modality (MRI, CT, PET, Ultrasound, Radiotherapy), Clinical Application (Radiology, Orthopedics, Cardiac, Neurology) - Forecasts to 2021”
On the basis of products and services, the market is classified into hardware & software and services.
In 2016, the hardware and software segment is expected to account for the largest share of the market owing to factors such as the development of technologically advanced software, rising adoption of AV solutions in hospitals and imaging centers, and rising focus of healthcare organizations to streamline and increase workflow efficiency.
On the basis of type of solution, the market is segmented into enterprise-wide thin client-based solutions and stand-alone workstation-based solutions.
In 2016, the enterprise-wide thin client-based solutions is expected to account for the largest share of the market due to offered benefits such as enhanced data storage capacity, data transfer capabilities, multi-user interface, streamlined analysis, and centralized post-processing solutions.
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On the basis of imaging modality, the advanced visualization market is segmented into magnetic resonance imaging, computed tomography, positron emission tomography, ultrasound, radiotherapy, nuclear medicine, and other imaging modalities.
In 2016, the magnetic resonance imaging segment is expected to command the largest share of the market due to the growing application of MRI in several clinical areas such as oncology, radiology, and cardiology is driving the number of MRI imaging procedures.
Advanced Visualization Market segmentation:
- Based on Products and Services
- Based on Type of Solution
- Based on Imaging Modality
- Based on Clinical Application
- Based on End User
- Based on Region
What Drives the Market?
The growth of the global market for Advanced Visualization is primarily influenced by the following factors:
- Advancements in AV Software Such as Integration of Pacs & AV Tools
- Technological Advancements in the Field of AV Technology Leading to Improved Data Interpretation
- Rising Prevalence of Target Diseases Coupled With Growing Geriatric Population
- Need for Efficient and Early Diagnosis of Disease
- Increasing Awareness of Benefits Offered By AV Tools in Disease Diagnosis
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Leading Market Players and Geographically Detailed Analysis of Advanced Visualization Market:-
The prominent players in the Advanced Visualization Market include General Electric Company (U.S.), Siemens AG (Germany), Koninklijke Philips N.V. (Netherlands), Toshiba Corporation (Japan), Terarecon, Inc. (U.S.), Fujifilm Holdings Corporation (Japan), Pro Medicus Limited (Australia), Carestream Health, Inc. (U.S.), Agfa-Geveart N.V. (Belgium), and Qi Imaging, LLC (U.S.), among others.
The global advanced visualization market is dominated by North America, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). In 2016, North America is expected to account for largest share of the market. The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period.