The Global Market for Advanced (3D/4D) Visualization Systems is Forecast to Reach US$2.9 Billion by 2024

The Continuously Evolving Importance of Radiology in Modern Medicine Provides the Launchpad for the Growth of Advanced (3D/4D) Visualization Systems, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Advanced (3D/4D) Visualization Systems market. The global market for Advanced (3D/4D) Visualization Systems is forecast to reach US$2.9 billion by 2024, driven by the ever-growing importance of imaging technologies in diagnosing as well as treating diseases.

As an extremely important aspect of medical practice, imaging has and still continues to revolutionize the world of healthcare. Defined simply as a collection of technologies that enable physicians and practitioners to non-invasively look inside the human body to identify potential causes of diseases and monitor the effectiveness of treatment, medical imaging remains a dynamic industry characterized by ever-changing technologies and capabilities. Medical imaging helps in early detection and diagnosis of diseases at a stage when they can be easily treated and of late has been assuming even greater importance as the world healthcare migrates to the tenets of preventative care. Better diagnosis has a direct and a positive impact on therapy procedures and treatment planning. The rise of imaging based surgical strategies to safely handle complicated surgeries is also helping push up the importance of medical imaging. Few of the evergreen and always important benefits of imaging include better patient care at lesser costs through timely capture of diagnostic images; accurate diagnosis and treatment; eliminates the need for invasive and interventional diagnostics and exploratory surgery; ability to predict surgical difficulty; superior physician treatment decisions and improved patient outcome and satisfaction.  

Over the years imaging has evolved from 2D to 3D to 4D, while the promised 5D hangs around the technology curve. Preferences of the medical community is rapidly shifting towards 3D image slices of human organs over static 2D due to several advantages offered by 3D images such as increased depth of imaging of structures; improved measurement precision; ability to capture hard-to-image anatomical regions; shortened scan time; creation of faster and easier to read images; increased clinical productivity; higher diagnostic confidence; and minimal damage to healthy tissue, among others. Advanced imaging technologies eliminate errors caused by radiologist’s perception which tends to influence interpretation of the true structure of the underlying anatomy. To put this statement into perspective is the fact that 3D images increase the sensitivity of CT angiography (CTA) evaluations by both cardiologists and radiologist by over 12%, while image reading time is shortened by over 8 minutes. In addition to improvements in specificity and accuracy, 3D visualization technologies bring the promise of closing the gap between diagnostic radiology and surgery. 3D image guided surgeries and intraoperative imaging can significantly reduce operation time of complex surgeries and improve their success rates.

The rapidly aging population vulnerable to a multitude of diseases coupled with the worrisome increase in chronic diseases are together fashioning a multi-billion dollar medical imaging market comprising CT, MRI, PET, Ultrasound & X-Ray imaging modalities. The scenario provides a fettle environment for the growth of advanced visualization systems. Other major factors influencing growth in the market include rise of image guided surgeries as a mainstream surgical practice; growing popularity of telesurgery; robust investments in Picture Archiving and Communication System (PACS); and the rising trend towards collaborative evaluation of imaging reports, among others.

   

As stated by the new market research report on Advanced (3D/4D) Visualization Systems the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 8.1% over the analysis period led by factors such as growing population and healthcare burden; growing economies, rising incomes, improving disposable income and healthcare per capita spending; developments in healthcare infrastructure including establishment of private hospitals and imaging clinics; growing trend towards medical tourism in low cost southeast Asian countries and the ensuing increase in healthcare IT and related advanced technology spending; and government led policy support for cost rationalization and optimization of quality of patient care.   

Major players in the market include Agfa-Gevaert Group, Canon Medical Systems USA Inc., Carestream Health, Inc., CONMED Corporation, Fujifilm Holding America Corporation, EOS Imaging, GE Healthcare, Hitachi High-Technologies Corporation, Koninklijke Philips N.V., Siemens AG, TeraRecon, Inc., Thermo Fisher Scientific, TrueVision Systems, Inc., Visage Imaging, Inc., Vital Images, Inc. and Ziosoft among others.  

The research report titled “Advanced (3D/4D) Visualization Systems: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies.  The report provides market estimates and projections for all major geographic markets such as the USA, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The report also provides market estimates and projections for all major Departments such as Radiology, Cardiology, Oncology and Others (including Nuclear, and Vascular departments among others).

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