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Advanced visualization market worth $2.8 billion by 2020 just published

Medical Market Research

According to a new market research report "Advanced Visualization Market by Products (hardware & software), Services (Implementation, Maintenance, & Consulting), Solution (Stand-alone, Enterprise), Application (Modality-MRI/CT/PET), (Clinical- Radiology, Cardiology) - Global Forecasts to 2020", published by MarketsandMarkets, this report studies the global Advanced Visualization Market over the forecast period of 2015 to 2020. The Advanced Visualization Market is expected to reach $2.8 Billion by 2020 at a CAGR of 10.9% from 2015 to 2020.

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On the basis of products and services, the global Advanced Visualization Market is classified into hardware and software, and services. The services segment is further divided into implementation, post-sales & maintenance, consulting/optimization, and training services.

On the basis of type of solution, the global Advanced Visualization Market is divided into standalone workstation-based solutions and enterprise-wide client-based solutions.

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Based on application, the global Advanced Visualization Market is broadly classified into medical imaging and clinical applications. The medical imaging applications market is segmented into computed tomography (CT), magnetic resonance imaging (MRI), nuclear medicine (NM), positron emission tomography (PET), radiotherapy (RT), ultrasound, and others.

The clinical applications market covers cardiology, neurology, oncology, orthopedics, radiology and interventional radiology, vascular, and others.

Based on the type of end user, the global Advanced Visualization Market is classified into hospitals & surgical centers, imaging centers, academic & research centers, and others.

A number of factors such as technological advancements in AV software, rapid growth in the aging population, integration of AV tools into PACS, improving diagnostic interpretation efficiencies with AV solutions, ongoing training and funding programs, and the development of novel AV solutions are driving the growth of the global Advanced Visualization Market. However, factors such as declining reimbursement for radiology and unfavorable healthcare reforms in the U.S.

are restricting the growth of this market.

In 2015, North America is estimated to account for the largest share of the global Advanced Visualization Market, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR from 2015 to 2020.

This high growth can be attributed to the huge patient population base, the increasing number of age-related diseases (such as cancer and CVD), rising trend of medical tourism, and increasing focus of global market players on developing nations.

Some major players in the global Advanced Visualization Market are Agfa-Gevaert N.V. (Belgium), Carestream Health, Inc. (U.S.), FUJIFILM Holdings Corporation (Japan), General Electric Company (U.S.), Koninklijke Philips N.V. (the Netherlands), Qi Imaging (U.S.), Siemens AG (Germany), TeraRecon, Inc. (U.S.), Visage Imaging, Inc. (U.S.), and Vital Images, Inc. (U.S.) [now part of Toshiba Corporation (Japan)].

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