Advanced Visualization Market to Grow at a CAGR of 10.2% During the Forecast Period 2020-2025

October 7, 2020
Blessy

Advanced Visualization Market size is estimated to be $2.5 billion in 2019, growing at a CAGR of 10.2% during the forecast period 2020-2025. Growing geriatric population, rapid urbanization, changing lifestyle, wrong eating habits, obesity, increase in the prevalence of chronic disease coupled with advanced visualization tools in disease diagnosis is a major factor driving the advanced visualization market during the forecast period 2020-2025. Furthermore, advanced visualization tools is anticipated to become a larger part of healthcare IT infrastructure over the coming years as organizations seek better ways to view collected data by big data analytics solutions. Factors driving the advanced visualization market in healthcare include technological advancements in advanced visualization software. This consist of integration of picture archiving and communication system (PACS) and advanced visualization tools, improved diagnostic interpretation with advanced visualization tools rising prevalence of target disease and growing demand for advanced diagnostic features. Moreover, according to the National Heart, Lung and Blood Institute Atherosclerotic Risk in Communities (ARIC) study and Cardiovascular Health Study(CHS) there are 1,260,000 new and recurrent coronary attacks per year- about 37% people experience coronary attack in a given year die from it. Furthermore, the use of PAC system in hospital is also contributing to its market growth.

Key Takeaways

The oncology segment accounted for a substantial market growth in 2019 owing to the increasing number of cancer patients and their willingness to adopt different types of treatments.

Hospitals accounted for the largest market share in 2019 owing to the increasing number of cardiovascular patients around the world.

In 2019, North America dominated the Advanced Visualization Market owing to the rising geriatric population along with the increase in the angina pectoris, increasing health concerns along with the growing demand of advanced treatment and a better healthcare structure is a major factor driving its market growth.

Technological Advancements in Advanced Visualization in healthcare is a major factor driving Advanced Visualization Market during the forecast period 2020-2025.

Drivers – Advanced Visualization Market

Increasing incidence of chronic diseases

Technological Advancement of Advanced Visualization In Healthcare

Advanced Visualization Market Industry Outlook

Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in Advanced Visualization Market. Advanced Visualization Market top 10 companies are General Electric Company, Canon Inc., Siemens AG, Qi Imaging LLC, Pro Medicus Limited, Terarecon Inc., Carestream Health Inc., AGFA Gevaert N.V., Visage Imaging Inc. and Agfa Healthcare.

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