Advanced Visualization Market Analysis by Size, Share, Supply, Demand, Leading Players and Global Forecast 2024


Posted March 18, 2019 by vynzresearch

Advanced visualization (AV) helps clinicians to access various data gathered through the use of diagnostic imaging systems in different healthcare settings.

 
Advanced visualization (AV) helps clinicians to access various data gathered through the use of diagnostic imaging systems in different healthcare settings. It includes hardware and software which are used to stock, share, transmission or understand diagnostic images. The global advanced visualization market is rising at a significant pace, due to rapid growth in the geriatric population and increasing need for efficient and early diagnosis of disease. Different kinds of solutions contributed to the advanced visualization market size. The market has observed a high demand for enterprise-wide thin client-based solutions over the last few years due to improved data storage capacities and multi-user interface.

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Market Segmentation

Insight by Products and Services

The products and services used in the advanced visualization market include hardware and software, and services. Including both categories, hardware and software market held the bigger share in the market, which is due to the rising implementation of AV solutions in hospitals and imaging centers, expansion of technologically innovative software and escalating emphasis of healthcare firms to simplify and upsurge workflow competence. In addition, services are expected to grow at a faster pace in the market due to, increasing adoption of AV in healthcare settings, and growing requirement for training healthcare professionals.

Insight by Type of Solution

There are two types of solutions enterprise-wide thin client-based solutions and standalone workstation-based solutions. Improved data storage capacities, efficient analysis, data transfer competencies, multi-user interface, and centralized post-processing solutions are some of the factors responsible for the growth of the enterprise-wide thin client-based solutions segment. By both the types of solution, the enterprise-wide thin client-based solutions hold the bigger market share in the advanced visualization industry.

Insight by Imaging Modality

The market is further divided on the basis of imaging modality into ultrasound, magnetic resonance imaging (MRI), nuclear medicine, computed tomography (CT), positron emission tomography (PET), radiotherapy (RT) and others. Among all imaging modalities, the magnetic resonance imaging holds the foremost share in the advanced visualization market, due to the rising application of MRI in several clinical areas such as cardiology, oncology, and radiology.

Insight by End User

The market is subdivided on the basis of end-user into imaging centers, hospitals, and surgical centers, academic and research centers and others. Among all end users, the hospitals and surgical centers are the largest end-users in the advanced visualization market, due to patient prominence on the prompter and precise disease diagnosis, mounting inclination for innovative diagnostic technologies, and ongoing inclination of automation & digitalization of diagnostic workflow amid healthcare facilities. In addition, imaging centers are expected to grow at the fastest pace due to mounting demand for early and efficient diagnosis.

Industry Dynamics

Growth Drivers

Enhancements in AV software, rapid development in geriatric population, technological progressions in the arena of AV technology, the mounting occurrence of chronic diseases, the escalating need for efficient and early diagnosis of disease and escalating alertness of advantages by AV tools in disease diagnosis are the primary growth drivers for advanced visualization market. For example, according to the Centers for Disease Control and Prevention in 2012, approximately 117 million people in the U.S. had one or the more chronic conditions.

Incorporation of AV solutions in mobile devices, expanding accordance for AV in the emerging economies and a rising need for efficient and early diagnosis of disease is also facilitating the growth for the advanced visualization market.

Challenges

The technological limitations, imperfect availability of reimbursement for diagnostic procedures and financial limitations in hospitals across mature markets are the major challenges for the growth of advanced visualization market globally.

Industry Ecosystem

Worldwide, the manufacturing companies trying to enter the advanced visualization market are required to maintain stringent regulatory standards. However, the high level of capital requirement also poses a key barrier for the entry of new players. This offers an edge to the established players in the industry competition.

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Geographic Overview

Globally, North America is the biggest advanced visualization market as in the region the inclination for AV solution for diagnostic imaging is growing. Expanding geriatric population, improvements in the field of advanced visualization technologies, the large number of disease diagnostic procedures, amounting occurrence of chronic diseases and higher preference for AV solutions for diagnostic imaging and quicker & faster implementation of novel diagnostic imaging technologies are also up increasing the growth of the North American advanced visualization market.

Asia-Pacific is observed fastest growth in the market, as the region comprises of the large population base. In addition, expanding geriatric population and mounting occurrence of chronic diseases, growing healthcare expenditure, and improved healthcare infrastructure are also creating a positive impact on the advanced visualization market growth in the region.

Competitive Insight

Main players in the advanced visualization market are catering to the demand of these devices by investing in technologically advanced products in their product basket across the globe. Geary Community Hospital installed Carestream Health’s Clinical Collaboration Platform with advanced tools at an affordable price. General Electric Company, PRO Medicus Limited, Toshiba Corporation, Carestream Health, Siemens AG, Fujifilm Holdings Corporation, Koninklijke Philips N.V., Terarecon, Inc., Inc., AGFA-Gevaert N.V. and QI Imaging are the key players offering AV products.

Source: VynZ Research
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Last Updated March 18, 2019