Study Report on “Advanced Visualization Market to Reach $ 3.19 Billion by 2021 Growing at 11% CAGR”

Press Release   •   Jun 14, 2017 06:46 EDT

Advanced visualization market solutions enable clinicians to access and share large data sets of images through an advanced visualization platform, facilitate advanced diagnosis through effective visualization and analysis of diagnostic exams. However, factors such as limited medical reimbursements for radiology-based diagnostic procedures and technological limitations associated with existing advanced visualization analysis may restrain market growth.

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Major factors contributing to the growth of advanced visualization market 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.

Target Audience:

  • Advanced visualization software vendors
  • Independent software vendors (ISVs)
  • Original equipment manufacturers (OEMs) of imaging modalities
  • Picture archiving and communication system (PACS) vendors
  • Hospitals and surgical centers
  • Diagnostic imaging centers
  • Healthcare IT companies
  • Clinical research organizations
  • Academic institutes and research laboratories
  • Market research and consulting firms
  • Reimbursement providers

In 2016, North America is expected to account for the largest share of the market. Dominant position of North America in advanced visualization industry is attributed to the faster adoption of novel diagnostic imaging technologies (as compared to other regions), advancements in the field of advanced visualization technologies, large number of disease diagnostic procedures, and higher preference for advanced visualization solutions for diagnostic imaging.

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On the basis of end user, market is segmented into hospitals and surgical centers, imaging centers, academic and research centers, and other end users (pharmaceutical/biotechnology companies and CROs). In 2016, hospitals and surgical centers segment is expected to account for largest share of market due to rising demand for advanced diagnostic technologies, patient preference for earlier and accurate disease diagnosis, and growing automation & digitalization of diagnostic workflow in healthcare facilities.

The major 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.).

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The Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by Europe. In Asia-Pacific, China is the largest consumer for packaging printing, followed by Japan. China, with its growing food & beverage and healthcare industries, is expected to drive the packaging printing market. Japan, with its growing inclination toward convenient products, is expected to impact the packaging printing market in the Asia-Pacific region.