The Global Advanced Visualization Market was worth $1.89 billion in 2016 and estimated to be growing at a CAGR of 11%, to reach $3.18 billion by 2021.The market continues to gain momentum with the rapid increase in application of visualization in science, education, medicine, interactive multimedia. With the increase in target diseases there is a wide range of market in advance visualization.
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In the last few years, the market success of new finest scanners has also hinged on the availability of wide set clinical applications modules and image analytics tools, such as quantification, computer-assisted diagnosis and image fusion. The development of technologically advanced software, rising adoption of AV solutions in hospitals and imaging centres, and rising focus of healthcare organizations to streamline and increase workflow efficiency in Visualization.
The factors responsible for the growth of Advanced Visualization Market is the technically improvements in the AV software such as integration of AV and PACS tools, Improved data storage capacity, multi-user interface, centralized post-processing solutions, streamlined analysis, and enhanced data transfer capabilities, increasing occurrence of target diseases and rising demand for advanced diagnostic procedures. Some factors like technical limitations with present advanced visualization analysis, cost effective and lack of skilled professionals may decrease the market growth.
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The Global market for Advanced visualization is broadly categorised by Product and Services (Hardware and Software), by Solution (Standalone and Enterprise), by Imaging Modality (Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Positron Emission Tomography (PET), Ultrasound, Radiotherapy (RT), Nuclear Medicine, Others (PET and SPECT), by Clinical Application(Radiology, Orthopedics, Cardiac, Neurology, Oncology, Vascular, Neurology, Others), by End user(Hospitals and Surgical Centres, Imaging Centres , Academic and Research Centres, Others).In 2016, the enterprise is expected to have large scale market because of data storage capacity and data transfer capabilities. In Imaging modality, in the year 2016 CT and Magnetic resonance imaging is expected to have large scale market because of growth of the application of CT in cardiology, oncology and radiology. This is driving CT and MRI imaging procedures. In 2016, North America is expected to have highest amount of the share in the market due to the fast acceptance of new diagnostic imaging technologies, developments in the field of advanced visualization technologies in the north America.
Some of the major companies dominating the market, by their products and services include General Electric Company (U.S.), Canon Inc, Siemens AG (Germany), Koninklijke Philips N.V. (Netherlands), Fujifilm Holdings Corporation (Japan), Toshiba Corporation (Japan), Terarecon, Inc. (U.S.), Carestream Health, Inc. (U.S.), Pro Medicus Limited (Australia), Ziosoft (Japan), Agfa-Geveart N.V. (Belgium), and Qi Imaging, LLC (U.S.).
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