Advanced Visualization Market Growing Demand, Opportunities and Share Analysis 2022 to 2028

According to Precision Business Insights (PBI), the latest report the global advanced visualization market is expected to be worth USD 3,214.6 million in 2021 and projected to grow at an 11.6% CAGR from 2022 to 2028. Advanced visualization systems are linked to advanced visualization software, allowing medical professionals to examine images in greater detail. They also shorten the overall turnaround time for imaging and diagnostics. Advanced Visualization is widely used in medical departments such as Oncology, Orthopedics, Cardiovascular, and Neurology for diagnostics. The system's advanced 3D and 4D diagnostic images allow doctors to pinpoint abnormalities and provide highly efficient treatment accurately. This is extremely beneficial for departments such as Nuclear Medicine and Radiotherapy. The integration of Advanced Visualization software with picture archiving and communication systems (PACS System) is expected to propel the market.

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The Oncology Segment is Dominating the Advanced Visualization Market:
Based on the clinical application, the global advanced visualization market has been segmented into Oncology, Orthopedics, Cardiovascular, Neurology, and Others. The oncology segment is anticipated to grow at a significant CAGR over the forecast years, owing to an increase in cancer patients worldwide. Early diagnosis and treatment are critical in determining patient survival. Advanced visualization aids medical professionals in correctly diagnosing cancerous growth and choosing the best course of treatment. For example, advanced visualization software's 4D image reconstruction reveals the true shape of anatomical objects in motion. It determines the dynamic range of motion to aid in the treatment planning process for radiotherapy. Because of the global increase in chronic cardiovascular diseases, the Cardiovascular due to which segment is expected to grow.

Asia Pacific Leads Advanced Visualization Market:
The Asia Pacific is expected to hold a significant market share in the global Advanced Visualization market. It is projected to grow at a prominent growth rate over the forecast years owing to rapid growth. The region's sophisticated healthcare infrastructure, favorable payment regulations, high patient awareness of the importance of early diagnosis, and growing elderly population, rising public and private R&D expenditure on advanced visualization systems is another key factor driving rapid system innovation and adoption in the region. The Asia Pacific region is expected to grow fastest due to rising disposable income in major emerging nations such as China and India.

Strategic New Product Launches, Mergers, Acquisitions and Agreements are the key strategies adopted by market players:
Global Advanced Visualization market further reveals that the key players increasingly adopting strategies such as launch of newer products, product launches, and long-term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In February 2019, Philips announced the release of IntelliSearch Portal 11, advanced visualization and quantification software. This new version expands the Portal's clinical innovation by improving workflow efficiencies and bridging high secure data sharing between systems within the hospital network to address the security and privacy needs of customers globally.

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The global advanced visualization market detailed segmentation:
1) By Product & Service
Hardware
Software
Services

2) By Type of Solution
Enterprise
Standalone

3) By Imaging Modality
Magnetic Resonance Imaging (MRI)
Computed Tomography (CT)
Ultrasound
Nuclear Medicine
Other

4) By Clinical Application
Oncology
Orthopedics
Cardiovascular
Neurology
Others

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Key player's profiles in the advanced visualization market report are AGFA-Gevaert N.V., Medical Systems, Carestream Health, Inc., Fujifilm Holdings Corporation, GE Healthcare, Koninklijke Philips N.V., PRO Medicus Limited, Siemens Healthineers, Terarecon, Inc.

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