Advanced Visualization Market Analysis & Forecast

Market Insights

The Advanced Visualization Market is estimated to grow from USD 2.8 billion in 2020 to USD 5.3 billion by 2026 at a healthy CAGR of 11.4% during the forecast period.

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What is Advanced Visualization?

Advanced visualization (AV) are referred to as medical systems integrated with advanced visualization software helping healthcare professionals to view images in detail. They also reduce the overall turnaround time for the imaging and diagnostics process.

The advanced visualization is a new-generation data visualization platform which helps end users to view data in depth and offers an improved image quality. It enables the specialists with a better understanding of clinical issues, thus resulting in high-quality healthcare facilities.

Covid-19 Impact Analysis

The outbreak of COVID-19 moderately affected the advanced visualization industry. Due to diversion of medical field in treating COVID-19 patients, the funding to R&D activities has been reduced, thus have faced a negligence which has caused a negative impact on the market growth. Also, limited doctor’s appointment with the fear of getting infected further affected the product demand.

Key Players

Key players operating in the global market are-

• AGFA-Gevaert N.V. (Belgium)
• Canon Medical Systems (Japan)
• Carestream Health, Inc. (US)
• Fujifilm Holdings Corporation (Japan)
• GE Healthcare (US)
• Koninklijke Philips N.V. (Netherlands)
• PRO Medicus Limited (Australia)
• Siemens Healthineers (Germany)
• Terarecon, Inc. (US)

Market Dynamics

The advanced visualization market is mainly driven by:

• Surging prevalence of chronic diseases.
• Increasing awareness of benefits associated with advanced visualization tools in disease diagnosis.
• Rising geriatric population.
• Increasing need for efficient and early diagnosis.
• Ongoing technological developments in advanced visualization technology & software.
• Growing awareness of benefits offered by advanced visualization tools in disease diagnosis.

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Segments Analysis

Product & Service Trends

The market has been classified into hardware & software and services. The hardware & software segment accounted for the largest market share in 2020, owing to increasing adoption of AV solutions in hospitals and diagnostic centers to streamline and improve workflow efficiency as well as surging implementation of AV solutions due to the ease of integrating them into PACS, further bolsters the segment growth.

Regional Trends

The North American market accounted for a significant share of almost 44% in 2020 and is expected to grow at a robust CAGR during the review period.

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The market growth is mainly propelled by robust R&D infrastructure, increasing commercialization of advanced diagnostic products, and high prevalence of target diseases.

Moreover, presence of key product manufacturers, increasing healthcare expenditure, and well-equipped healthcare infrastructure further proliferates the market growth in the region.

The Asia Pacific market is expected to grow at a healthy CAGR during the review on account of growing awareness associated with increasing public awareness related to benefits of advanced diagnostic techniques in effective disease management. Moreover, strong expansion of healthcare infrastructure and rising emergence of advanced diagnostic technologies, further bolsters the regional market growth.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Overview, industry life cycle analysis, supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.

The vital data/information provided in the report can play a crucial role for the market participants and investors in identifying the low-hanging fruits available in the market and formulating the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Target Audience

The target audience of Advanced Visualization Market includes-

• Advanced Visualization Vendors
• Advanced Visualization Manufacturers
• Advanced Visualization Distributors
• Organizations
• Government Bodies.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on global market?
• What are the key strategies adopted by the major vendors to lead in the global market?
• What is the market share of the top vendors?

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com.