Reports And Data
Market Size – USD 2.89 Billion in 2020, Market Growth – CAGR of 7.7%, Market Trends – Necessity for effective and prompt diagnosis of ailments.
NEW YORK, NY, UNITED STATES, December 3, 2021 /EINPresswire.com/ — 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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Key Offerings of the Global Advanced (3D/4D) Visualization Systems Market Report:
• Deep insights into the Advanced (3D/4D) Visualization Systems market landscape
• Key details about the regional segmentation of the Advanced (3D/4D) Visualization Systems market
• Analysis of the crucial market trends with regards to both current and emerging trends
• Extensive overview of the key manufacturers and prominent players of the industry
• Comprehensive study of the market segmentation and recent developments
Ongoing efforts of key players to develop advanced therapeutics and drugs, rapid adoption of advanced technologies such as artificial intelligence, additive manufacturing, ad blockchain technologies, among others, and growing focus on precision medicine have led to rapid changes in the pharma and healthcare industry. Legalization and acceptance of medical marijuana, rising focus on connected devices in healthcare sector, and popularization of beyond-the-pill have further revolutionized the healthcare industry. The emergence of COVID-19 pandemic has played a crucial role in the progress of healthcare industry with rapid shift in focus on preventive healthcare, increasing awareness about health and wellness, growth of telemedicine and teleconsultation, and rapid adoption of advanced technologies to cater to the growing patient pool.
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The report offers a comprehensive overview of the competitive landscape of the market to offer key insights about the key companies operating in the market. The section discusses in detail the initiatives and innovations adopted by the key players to gain a strong foothold in the market. It also provides insights into mergers and acquisitions, joint ventures, collaborations, partnerships, and agreements, among others to offer a better understanding of the market.
Key companies in the market include:
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.
Further key findings from the report suggest
• Magnetic resonance imaging is expected to dominate the market during the forecast period registering a CAGR 7.5%. This dominance of magnetic resonance imaging is due to spiraling growth in the implementation of this technology in various clinical applications like radiology and oncology among others.
• The healthcare industry would contribute to the largest market share in the market with the highest CAGR of 7.8% owing to spiraling increase in number of patients all over the world and the need to efficient diagnosis and treatment of these patients to improve the well-being of the people.
• The region of North America is expected to grow at the rate of CAGR 7.61% and would hold the largest market share during the forecast period due to the rapid adoption of advanced (3D/4D) visualization technology in the region especially in countries like US and Canada as well massive investment in healthcare industry to improve the life expectancy in the region.
• GE Healthcare, a key company in this market, has designed an advanced visualization software, SMART 4.0, to detect and measure coronary artery calcification across the globe.
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For the purpose of this report, Reports and Data have segmented global advanced (3D/4D) visualization systems market on the basis of technology, application, end-user and region:
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
The section covers a comprehensive analysis of key regions for production and consumption ratio, import/export analysis, supply and demand dynamics, regional trends and demands, and presence of prominent players in each region. The regional analysis segments also offers a country-wise analysis to offer panoramic view of the market and help investors, clients, stakeholders, and businesses better understand the opportunities and growth scope of the Advanced (3D/4D) Visualization Systems market.
The regional analysis covers:
• 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)
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