NEW YORK, July 04, 2017 (GLOBE NEWSWIRE) -- According to a new market research report titled “Global Advanced Visualization Market Size, Share, Development, Growth and Demand Forecast to 2023 - Industry Insight by Product & Service (Hardware & Software, Services), by Type of Solution (Enterprise-Wide Thin Client-Based Solutions, Standalone Workstation-Based Solution), by Imaging Type (Magnetic Resonance Imaging, Computed Tomography, Ultrasound, Radiotherapy, Nuclear Medicine, Others), by Application (Radiology/Interventional Radiology, Cardiology, Orthopedics, Oncology, Vascular, Neurology, Others), by End User (Hospitals, Imaging Centers, Others)” published by P&S Market Research, the global advanced visualization market is projected to reach $3,843.8 million by 2023, growing at a CAGR of 11.3% during 2017 - 2023.
Browse Report Description with Detailed TOC on Advanced Visualization Market: https://www.psmarketresearch.com/market-analysis/advanced-visualization-market
As per the findings of research, hardware and software held larger share in the global market in 2016, primarily due to increasing installation of advanced visualization hardware and software in healthcare settings. The advanced visualization service market is expected to witness higher growth during the forecast period. The higher growth for services is attributed to the increasing demand for the implementation of advanced visualization solutions and training and education services.
Among different imaging type, magnetic resonance imaging segment contributed the largest revenue to the global advanced visualization market in 2016. Magnetic resonance imaging is an accurate and safe method of diagnostic imaging and it is increasingly being used in several clinical applications such as oncology, cardiology and musculoskeletal disorders, thus, increasing the demand for magnetic resonance imaging advanced visualization solutions.
Geographically, North America has been the largest market for advanced visualization, with the U.S. being the larger contributor to the regional market as compared to Canada. The key factors driving the North American advanced visualization market are technological advancements, increasing healthcare expenditure, growing geriatric population, improved healthcare infrastructure and growing prevalence of chronic diseases. According to the World Health Organization, approximately 324,000 new cases of lung cancer were diagnosed in North America in 2012, and the number is estimated to reach approximately 541,000 by 2030. The emerging economies in Asia-Pacific, especially China and India, are expected to grow tremendously in future, which is expected to bring the Asia-Pacific market approximately equal to the European market by 2023.
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Key companies in the advanced visualization market are collaborating to offer better advanced visualization solutions. In November 2016, TeraRecon, released an advanced integration between iNtuition with Agfa HealthCare’s Enterprise Imaging 8.1. The combined solution provides single user interface for accessing 2D and advanced 3D applications, bi-directional communication between Agfa and TeraRecon viewers, and multi-series data loading for 3D analysis.
Some of the other key players in the market include General Electric Company, Canon, Inc., Siemens AG, Koninklijke Philips N.V, Fujifilm Holdings Corporation, Carestream Health, Agfa-Gevaert N.V., and Ziosoft.
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