The Europe Advanced Visualization Market was worth $ 0.49 billion in 2016 and estimated to be growing at a CAGR of 9.4%, to reach $ 0.77 billion by 2021.
The Advanced Visualization systems provide multi-modality function in which a clinician can read, store, share, interpret, transfer the diagnostic images in addition to seeing the real-time images in a computer frame occurring in the body. The advanced visualization systems use the AV software to develop the captured images and provide the clinicians with precise images that help in accurate interpretation of results.
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Advanced Visualization software and its clinical application is mainly focused on the Computed tomography and Magnetic resonance imaging. New premium scanners and imaging analytics tools are hinged on the availability of wide-set clinical applications modules in the areas such as Radiology, Orthopedics, Cardiac, Neurology, Oncology, Vascular and Neurology.
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The Advanced Visualization systems market is predicted to witness growth in the upcoming years due to technological improvements in the field of software and hardware, integration of picture archiving and communication system, dedicated work stations, shift from thick client to thin client and cloud computing and multi-modality functions. The increase in world geriatric population and ever-growing number of patients have powered the demand for quick, dependable, and accurate imaging systems.
Moreover, due to the huge investments by the corporate companies in R&D of Advanced visualization systems is also expected to have a large market in the future. However, there are some common restraints like shortage of skilled professionals, hacking related concerns, and high financial costs.
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The Advanced visualization market is broadly categorised by Product and Services, by Solution, Imaging Modality, by Clinical Application, by End user. Product and services is further segmented by Hardware, Software and services.
Solution is segmented into enterprise-wide thin client-based solutions and stand-alone workstation-based solutions. Imaging Modality is segmented into Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Positron Emission Tomography (PET), Ultrasound, Radiotherapy (RT), Nuclear Medicine, Others (PET and SPECT).
Clinical application is segmented into Radiology, Orthopedics, Cardiac, Neurology, Oncology, Vascular, Neurology and Others. End user is further segmented to Hospitals and Surgical Centres, Imaging Centres, Academic and Research Centres and Others.
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. In Europe, Germany leads the Advanced Visualization Market, followed by France and U.K.
The market in this region is projected to grow strongly during the forecast period due to various factors such as growing awareness about medical imaging tools, financial strength to procure expensive tools, and favourable reimbursement policies. In 2016, the Europe market is assumed to be 26% of the Global Advanced Visualization Market.
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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