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 2024, 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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Increasing development of on-demand, digitally enabled, and seamlessly connected clinician-patient interactions to manage patient base is expected to drive pharma and healthcare market in the coming years. After the COVID-19 outbreak there has been a number of foundational shifts in the healthcare system. Some of the examples include increasing consumer involvement in health care decision-making, the rapid adoption of virtual health & other digital innovations, increasing focus on utilization of interoperable data & data analytics, and increased public-private collaborations in therapeutics and vaccine development. The increased public-private collaborations for vaccine development has arisen due to high pressure of regional governments. Health care providers, and other stakeholders have invested heavily to quickly pivot, adapt, and innovate therapeutics.
Key companies profiled in the report 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.
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Advanced (3D/4D) Visualization Systems Market Segmentation:
Technology Outlook (Revenue, USD Million; 2024-2028)
- Magnetic Resonance Imaging
- Ultrasound
- Radio Therapy
- Computed Tomography
- Positron Emission Tomography
- Nuclear Medicine
- Others
Application Outlook (Revenue, USD Million; 2024-2028)
- Radiology
- Oncology
- Cardiology
- Orthopedics
- Neurology
- Others
End-User Outlook (Revenue, USD Million; 2024-2028)
- Healthcare Centers
- Imaging Centers
- Academics & Research Centers
- Others
Key Regional Markets Studied in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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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.
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