Advanced Visualization Market is driven by rising incidences of obesity, growing elderly population, fast urbanization, changing lifestyle, bad eating habits, and increase in the incidence of chronic illness combined with enhanced visualization tools in disease diagnostics
Advanced Visualization Market
Global Advanced Visualization Market: Overview
The healthcare sector is developing with the adoption of advanced technologies. The healthcare providers require a fast and precise diagnosis of the disease to provide accurate and effective treatment to the patient. In this case, advanced visualization enables faster and advanced visuals of the abnormal conditions. It has a wide range of clinical applications which include oncology advanced visualization, cardiology advanced visualization, vascular advanced visualization, and neurology advanced visualization.
Global Advanced Visualization Market: Growth Factors
The increasing prevalence of chronic diseases, rising number of geriatric populations resulting in an increasing patient pool, technological improvements in AV software, and growing demand for early & precise procedures for diagnosis are some of the key factors spurring the growth of the global advanced visualization market. Owing to the benefits associated with advanced visualization such as its ease of use, consistent & comprehensive MR, CT, PTE/SPECT and XA, a single method of deployment, unified reporting database, consistent user interface with all deployments, are increasing the use of advanced visualization in the diagnostic procedures which in turn is driving the global advanced visualization market growth. Moreover, the integration of advanced visualization software with PACS, enhanced capacity of data storage, and increased investment to improve healthcare infrastructure are the factors contributing to the growth of the market. On the other hand, lack of expertise and high cost of the advanced visualization systems may setback the market growth. However, government initiatives for early screening & diagnosis of diseases and rising adoption of advanced visualization in radiology will boost the global advanced visualization market in the forthcoming years.
The covid-19 pandemic has disrupted the healthcare sector including medical imaging. There is a reduction in patient volumes due to restrictions imposed by the government on the movement as well as restrictions on non-urgent imaging. Moreover, with the fear of viral exposure in hospitals and clinics, most of the patients chose to postpone their scanning schedules. However, there is an increase in research on medical imaging of the coronavirus and the technologies to fight the disease. In this case, advanced visualization will be the perfect tool for early and accurate diagnosis of disease. Also, with the ease of lockdown restrictions, there will be an increase in patient volume. Thus, post the covid-19 era, the global advanced visualization market will grow at a healthy rate.
Global Advanced Visualization Market: Segmentation
The global advanced visualization market is bifurcated based on products & services, type of solution, application, end-user, and region. Based on products & services, the global advanced visualization market is divided into hardware & software, and services. Among these, the services segment is expected to register a high growth rate over the forecast period. Based on the type of solution, the global advanced visualization market is bifurcated into enterprise-wide thin client-based solutions and standalone workstation-based solutions. The application segment is divided into computed tomography (CT), magnetic resonance imaging (MRI), ultrasound, positron emission tomography (PET), radiotherapy (RT), nuclear medicine, and other imaging modalities. Whereas the end-user segment is split into imaging centers, hospitals & surgical centers, academic & research centers, and other end users.
Global Advanced Visualization Market: Regional Analysis
North America is expected to hold the largest share of the global advanced visualization market over the forecast period. Factors such as strong R&D infrastructure across the major countries in the region, high prevalence of chronic diseases, and commercialization of diagnostic devices are boosting the market growth in this region. Asia Pacific is expected to record the highest CAGR in the global advanced visualization market over the forecast period. Major factors attributing to the growth of the market in this region include the presence of a large patient pool affected with chronic diseases, developing healthcare infrastructure, growing interest of major market players in this region, and vast hospital chain. Europe on other hand is contributing a significant share in the global advanced visualization market. Factors such as well-established healthcare infrastructure and favorable government healthcare policies are providing better growth opportunities to the market in this region.
Global Advanced Visualization Market: Competitive Players
Toshiba Corporation, Qi Imaging, GE Healthcare, Fujifilm Holdings Ltd., Visage Imaging, Inc., Koninklijke Philips N.V., Carestream Health, Inc., Siemens AG, Terarecon, Inc., and Agfa HealthCare NV are some of the key players operating in the global advanced visualization market.
Global Advanced Visualization Market: Regional Segment Analysis
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