The factors driving market growth include technological advancements in AV software such as integration of PACS & AV tools, improved diagnostic interpretation with AV tools, rising prevalence of target diseases, and growing demand for advanced diagnostic procedures.
Market Size
The global Advanced Visualization Market is expected to reach USD 3.19 Billion by 2021 from USD 1.89 Billion in 2016, growing at a CAGR of 11.0% from 2016 to 2021.
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“In 2016, the hardware and software segment is estimated to account for the largest share of the market.”
On the basis of products and services, the advanced visualization market is classified into hardware & software and services. In 2016, the hardware and software segment is estimated to account for the largest share of the market owing to factors such as the development of technologically advanced software, rising adoption of AV solutions in hospitals and imaging centers, and rising focus of healthcare organizations to streamline and increase workflow efficiency.
“In 2016, the enterprise-wide thin client-based solutions is expected to account for the largest share of the market”
On the basis of type of solution, the market is segmented into enterprise-wide thin client-based solutions and stand-alone workstation-based solutions. In 2016, the enterprise-wide thin client-based solutions is expected to account for the largest share of the market due to offered benefits such as enhanced data storage capacity, data transfer capabilities, multi-user interface, streamlined analysis, and centralized post-processing solutions.
Recent Developments
• The General Electric Company (U.S.) expanded its Healthcare IT Centre of Excellence in Szeged, Hungary, in June 2015 and introduced the GE Health Cloud, in November 2015.
• The Vital Images, Inc. (acquired by Toshiba Corporation) has updated several advanced visualization products such as IntelliSpace Portal 8.0 (2015), Enterprise Imaging PACS, and Lumify.
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