Global Advanced Visualization Market: Overview
Some of the key factors likely to drive the global advanced visualization market over the projected period is the rising incidences of obesity, growing elderly population, fast urbanization, changing lifestyle, bad eating habits, and increase in the incidence of chronic illness combined with enhanced visualization tools in disease diagnostics.
In addition to that, as companies seek better methods to examine collected data through big data analytics solutions, enhanced visualization tools are expected to become a greater component of healthcare IT infrastructure in the future years. Technological improvements in advanced visualization software are boosting the advanced visualization industry in healthcare. Incorporation of picture archiving and communication system (PACS) with advanced visualization tools, enhanced diagnostic interpretation with advanced visualization tools, increased prevalence of target illness, and increasing demand for sophisticated diagnostic characteristics are all examples of this.
This study from Transparency Market Research (TMR) provides a complete insight of the global advanced visualization market. It provides well-researched data on a variety of market aspects in order to provide useful business input for profit generation.
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Global Advanced Visualization Market: Notable Developments
Philips announced the release of IntelliSpace Portal 11, an enhanced visualisation and quantification software, in February 2019.
The noted players that are operational in the global advanced visualization market are Koninklijke Philips N.V., AGFA-Gevaert N.V., Carestream Health, Inc., PRO Medicus Limited, Fujifilm Holdings Corporation, and GE Healthcare.
Global Advanced Visualization Market: Key Trends
Below-mentioned market trends and opportunities mark the global advanced visualization market:
Rise in Various Types of Cancer to Drive Growth of the Market
Rising technical improvements and a rise in the usage of enhanced visualization tools in healthcare facilities are two important factors likely to drive expansion of the global Advanced visualization market. In addition to that, the rising occurrence of various forms of cancer is predicted to raise demand for sophisticated visualization systems in the years to come. Because the global burden of cancer is rising, cancer treatments must be tailored to national as well as regional goals. According to the World Cancer Research Fund, there were around 18 million cases of cancer worldwide in 2018, with 8.5 million women and 9.5 million men being affected.
A picture archiving and communication system (PACS) refers to a medical imaging technology that allows healthcare providers to share diagnostic results across platforms. In order to provide better patient care, it is progressively being connected with various other healthcare enterprise systems like health information systems (HIS) and image-enabled electronic health records (EHRs) / electronic medical records (EMRs). To provide enhanced post-processing solutions for specific uses, most PACS providers are increasingly incorporating AV solutions onto their systems. Collaboration between a PACS vendor and an AVIS (advanced visualization independent software) company allows AV features to be incorporated or embedded into PACS. Such developments are likely to support development of the global Advanced Visualization Market in the years to come. These collaborations allow healthcare providers to offer cost-effective solutions and improve the effectiveness of their workflows. It also allows radiology departments to get the most out of their PACS workstation expenditures by avoiding delays like re-launching or losing data when pictures are transported across computers. As a result, the incorporation of AV technology into PACS is likely to boost AV software demand in the future years.
Global Advanced Visualization Market: Geographical Analysis
The study examines the global advanced visualization market in four different regions, which are Middle East and Africa, Asia Pacific, North America, Europe, and Latin America. North America is predicted to be the one of the leading regions in the in global advanced visualization market. Commercialization of sophisticated diagnostic tools, a high prevalence of target illnesses, and a strong R&D infrastructure in Canada and the US are all factors likely to trigger the region's need for enhanced visualization products. Due to the rapid growth of healthcare infrastructure in the region, the Asia Pacific region is predicted to grow at a rapid rate.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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