The global advanced visualization market is rising at a significant pace, due to rapid growth in the geriatric population and increasing need for efficient and early diagnosis of disease. Different kinds of solutions contributed to the advanced visualization market size. The market has observed a high demand for enterprise-wide thin client-based solutions over the last few years due to improved data storage capacities and multi-user interface.
The products and services used in the advanced visualization market include hardware and software, and services. Including both categories, hardware and software market held the bigger share in the market, which is due to the rising implementation of AV solutions in hospitals and imaging centers, expansion of technologically innovative software and escalating emphasis of healthcare firms to simplify and upsurge workflow competence. In addition, services are expected to grow at a faster pace in the market due to, increasing adoption of AV in healthcare settings, and growing requirement for training healthcare professionals.
Enhancements in AV software, rapid development in geriatric population, technological progressions in the arena of AV technology, the mounting occurrence of chronic diseases, the escalating need for efficient and early diagnosis of disease and escalating alertness of advantages by AV tools in disease diagnosis are the primary growth drivers for advanced visualization market. For example, according to the Centers for Disease Control and Prevention in 2012, approximately 117 million people in the U.S. had one or the more chronic conditions.
Incorporation of AV solutions in mobile devices, expanding accordance for AV in the emerging economies and a rising need for efficient and early diagnosis of disease is also facilitating the growth for the advanced visualization market.
Worldwide, the manufacturing companies trying to enter the advanced visualization market are required to maintain stringent regulatory standards. However, the high level of capital requirement also poses a key barrier for the entry of new players. This offers an edge to the established players in the industry competition.
Globally, North America is the biggest advanced visualization market as in the region the inclination for AV solution for diagnostic imaging is growing. Expanding geriatric population, improvements in the field of advanced visualization technologies, the large number of disease diagnostic procedures, amounting occurrence of chronic diseases and higher preference for AV solutions for diagnostic imaging and quicker & faster implementation of novel diagnostic imaging technologies are also up increasing the growth of the North American advanced visualization market.
Asia-Pacific is observed fastest growth in the market, as the region comprises of the large population base. In addition, expanding geriatric population and mounting occurrence of chronic diseases, growing healthcare expenditure, and improved healthcare infrastructure are also creating a positive impact on the advanced visualization market growth in the region.
Main players in the advanced visualization market are catering to the demand of these devices by investing in technologically advanced products in their product basket across the globe. Geary Community Hospital installed Carestream Health’s Clinical Collaboration Platform with advanced tools at an affordable price. General Electric Company, PRO Medicus Limited, Toshiba Corporation, Carestream Health, Siemens AG, Fujifilm Holdings Corporation, Koninklijke Philips N.V., Terarecon, Inc., Inc., AGFA-Gevaert N.V. and QI Imaging are the key players offering AV products.
Source: VynZ Research
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Yash Chauhan Joined: February 25th, 2019 Articles Posted: 106