The global advanced visualization market size is projected to be USD 2,824.5 million in 2021 and is expected to witness a CAGR of 11.9% during the forecast period. Developments in AV software such as incorporation of PACS & AV tools is a key driver for the growth of the global advanced visualization market. Additionally, technical advancements in the field of AV technology leading to enhanced data interpretation and growth in target diseases globally along with growing geriatric population are some of the other drivers propelling the market growth. Nevertheless, limited accessibility of repayments for radiology-based diagnostic procedures and technological restrictions connected with existing AV analysis are expected to restrain the global market growth.

By Product & Service

Based on product & service, the market is segmented into services and hardware & software. In 2021, the hardware & software segment accounted for a substantial revenue share and is expected to grow with a lucrative CAGR during the forecast period. This is attributed to the growth of technologically advanced software, rise in adoption of advanced visualization solutions in diagnostic centers and hospitals worldwide. Services segment is expected to grow at a profitable CAGR during the forecast period. This is attributed to the rising penetration of healthcare IT and increasing need to allow immediate access to all related patients data.

By Solution Type

Solution type segment is sub segmented into standalone workstation-based solutions and enterprise-wide thin client-based solutions. In 2021, the standalone workstation-based solutions segment accounted for a substantial revenue share and is anticipated to grow with a lucrative CAGR during the forecast period. This is attributed to various advantages such as improved data storage capacity and data relocation capabilities worldwide. Enterprise-wide thin client-based solutions segment is projected to grow at a profitable CAGR during the forecast period. This is attributed to the increasing application of this segment as it offers efficient analysis, multi-user interface, and central post-processing solutions.

By Imaging Modality

Based on application, the market is categorized into ultrasound,                Magnetic Resonance Imaging (MRI), radiotherapy (RT), Computed Tomography (CT), Positron Emission Tomography (PET), nuclear medicine, and other imaging modalities. In 2021, the magnetic resonance imaging (MRI) segment accounted for a substantial revenue share with lucrative CAGR during the forecast period. This is due to the growth in usage of MRI in several clinical areas such as cardiology, radiology, and oncology and worldwide. The Computed Tomography (CT) segment is anticipated to grow at a profitable CAGR during the forecast period due to the shift of health care infrastructure towards image-guided technologies.

By Clinical Application

Based on clinical application, the market is categorized into orthopedics, radiology/interventional radiology, cardiology, vascular, oncology, neurology, and other clinical applications. In 2021, the radiology/interventional radiology segment accounted for a substantial revenue share and is expected to grow with a lucrative CAGR during the forecast period. This is due to the high rate of adoption for centralized server-based advanced visualization software worldwide. The cardiology segment is anticipated to grow at a profitable CAGR during the forecast period due to the benefit of conducting wide-ranging number of tests that can be conducted by using advanced visualizations along with increase in heart related ailments.

Regional Insights

In 2021, North America accounted for the maximum revenue share in the global market and is anticipated to maintain its dominance during the forecast period. This is attributed to the presence of major players in the region, increase in the share of healthcare expenditure in the per capita income, growth in initiatives from the government, accessibility of technological advanced products, and growth in aged population across many countries in the region. Asia Pacific market is expected to grow at the fastest CAGR over the forecast period owing to less stringent regulations, growing government and corporate investment in the healthcare sector, increasing demand for advanced medication and treatment, and availability of skilled labor forces at economic costs, are the major factors in this region.

Competitor Insights

Some of the key players in the advanced visualization market are General Electric Company (U.S.); Siemens AG (Germany); Koninklijke Philips N.V. (Netherlands); Toshiba Corporation (Japan); Terarecon, Inc. (U.S.); Fujifilm Holdings Ltd. (Japan); Agfa HealthCare NV (Belgium); Carestream Health, Inc. (U.S.); Qi Imaging (U.S.); and Visage Imaging, Inc. (U.S.). The leading players operating in the advanced visualization industry are adopting various strategies including R&D investments, adaption of advanced techniques, new technology launches, mergers & acquisitions, and regional expansions to capture a maximum revenue share.

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country level along with key market trends and dynamics from 2021 to 2029. The advanced visualization market report is categorized into the following segments and subsegments:

Advanced Visualization Market, By Product & Service (Revenue, USD Million, 2021 – 2029)

Advanced Visualization Market, By Solution Type (Revenue, USD Million, 2021 – 2029)

Advanced Visualization Market, By Imaging Modality (Revenue, USD Million, 2021 – 2029)

Advanced Visualization Market, By Clinical Application (Revenue, USD Million, 2021 – 2029)

Advanced Visualization Market, By Region (Revenue, USD Million, 2021 – 2029)

Scope of Advanced Visualization Market Report:

Key Parameters	Details
Base Year	2021
Forecast Period	2022-2029
Study Coverage	Global and regional market size and revenue forecast Segment market size and revenue forecast at global, regional, and country level Competitive landscape (company share analysis, company profiles, recent development, competitive map analysis) Conclusion and recommendations
Qualitative Analysis	Market drivers Market restraints Market opportunities Recent market trends Market challenges Porter’s Five Forces analysis PEST analysis Value-chain analysis COVID-19 impact analysis
Regional Market Scope	North America (U.S. and Canada) Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe) Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC) Latin America (Brazil, Mexico, Argentina, Rest of LATAM) MEA (South Africa, GCC, Rest of MEA)
Company Profiles	Exhaustive profiles of top 15 players 50+ other major players listing
15% Free Customization Available	You can customize the study scope to meet your exact requirement. Click here for more details