Rising demand of advanced (3D/4D) visualization in the field of healthcare services for visualizing modalities is likely to stimulate market growth.
Market Size – USD 2.89 Billion in 2020, Market Growth – CAGR of 7.7%, Market Trends – Necessity for effective and prompt diagnosis of ailments.
The global advanced (3D/4D) visualization systems market is expected to reach USD 5.21 Billion by 2028, according to a new report by Reports and Data. Rising demand of advanced (3D/4D) visualization for precise diagnosis and effective cure of diseases to provide assistance in cost saving by improving diagnosis support of the patients. According to WHO there would be 22 million new cases on cancer in coming two decades and this would create a surge in the demand for advanced visualization to effective treatment of the patients.
The demand for advanced (3D/4D) visualization systems would also be triggered by a rise in need for effective and prompt diagnosis of disease to start with the treatment increases the chances of survival of patients diagnosed with life threatening diseases.
Certain technological setbacks in Advanced (3D/4D) Visualization Systems and the availability of substitute technologies may act as hindrances in the growth of the market.
The market in Asia Pacific region is projected to grow at a CAGR of 7.9% in the forecast period. This can be attributed to strong economic growth, large pool of patients, an escalation in number of hospitals and diagnostic centers with advanced imaging devices and equipment, increasing adoption of 3D/4D visualization technologies and increase in government spending on different healthcare programs to improve the life expectancy in the countries in the region.
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The rapid adoption of AI, ML, and IoT and robust data management processes has made the hospitals and clinical settings smarter. New technologies and solutions have improved the normal medical processes such as clinical diagnosis, treatment, diseases management, and monitoring patient recovery after discharge. Rapid digitalization and increasing adoption of virtual care and telemedicine is further expected to positively impact the revenue growth of the market going ahead.
Emergence of new healthcare and telemedicine startups, increasing number of collaborations among healthcare facilities and research institutions, and rising focus on patient engagement solutions has further fueled revenue growth of the market. Key companies are forming strategic alliances and collaborative ventures such as mergers and acquisitions, joint ventures, partnerships, manufacturing and licensing agreements, and product launches among others.
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Leading Players Analyzed in the Report:
Intelerad Medical Systems Inc., Carestream Health Inc., CONMED Corporation, GE Healthcare, Fujifilm Holding America Corporation, Siemens Healthcare, Philips Healthcare, Terarecon Inc., QI Imaging, and Toshiba Medical Systems Corporation.
Furthermore, to offer a better understanding of the competitive landscape, an extensive SWOT analysis and Porter’s Five Forces analysis are included in the report. Along with this, feasibility analysis and investment return analysis are also covered in the report.
The report further discusses in detail the regional spread of the global Advanced (3D/4D) Visualization Systems market along with analysis of production and consumption patterns, import/export analysis, supply and demand ratio, market share and size based on volume and value, trends and demands, revenue share, and presence of the key players of the market.
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Key Regions Studied in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Technology Outlook (Revenue, USD Million; 2020-2028)
- Magnetic Resonance Imaging
- Radio Therapy
- Computed Tomography
- Positron Emission Tomography
- Nuclear Medicine
Application Outlook (Revenue, USD Million; 2020-2028)
End-User Outlook (Revenue, USD Million; 2020-2028)
- Healthcare Centers
- Imaging Centers
- Academics & Research Centers
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