HOME Top Market Reports Advanced Visualization Market by Products (Hardware & Software), Services (Implementation, Maintenance & Consulting), Solution (Stand-alone, Enterprise), Application (Modality-MRI/CT/PET), (Clinical- Radiology, Cardiology) - Global Forecasts to 2020

Advanced Visualization Market by Products (Hardware & Software), Services (Implementation, Maintenance & Consulting), Solution (Stand-alone, Enterprise), Application (Modality-MRI/CT/PET), (Clinical- Radiology, Cardiology) - Global Forecasts to 2020

By: marketsandmarkets.com
Publishing Date: June 2015
Report Code: HIT 3515

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The global advanced visualization market is estimated to grow at a CAGR of 10.9% in the forecast period. Development of technologically advanced visualization software, integration of AV software into PACS, improving diagnostic efficiencies with AV solutions, on-going training and funding programs, development of novel AV software, and rapidly growing aging population are the key factors driving the growth of the global market. However, the declining reimbursement for radiology and unfavorable healthcare reforms in the U.S. are some of the key restraints in the market.

Emerging markets, such as China, India, Brazil, and Mexico, are the new revenue pockets for companies that are engaged in the development and marketing of advanced visualization solutions. Growing patient population, increasing number of age-related diseases, and rising trend of medical tourism (owing to low-cost treatments) are the key factors driving the demand for advanced visualization solutions in these emerging nations. Moreover, integration of AV solutions in mobile devices and evolution of new applications for AV software are expected to offer opportunities to market players for developing technologically advanced visualization and analysis software.

As of 2015, General Electric Company (U.S.) and Vital Images, Inc. (U.S.) [now part of Toshiba Corporation (Japan)] are estimated to hold the leadership position in the global market. Other key players in this market include Agfa-Gevaert N.V. (Belgium), Carestream Health, Inc. (U.S.), FUJIFILM Holdings Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Qi Imaging (U.S.), Siemens AG (Germany), TeraRecon, Inc. (U.S.), and Visage Imaging, Inc. (U.S.), among others. Market players primarily focus on the development of innovative AV software, geographic expansion, and strategic acquisitions as key strategies to ensure their growth in the advanced visualization market.

Scope of the Report

This report categorizes the global advanced visualization market into the following segments and subsegments:

Global Advanced Visualization Market, by Products and Services

  • Hardware & Software
  • Services
    • Implementation Services
    • Post-sale & Maintenance Services
    • Consulting/Optimization Services
    • Training Services

Global Advanced Visualization Market, by Type of Solution

  • Stand-alone Workstation-based Solutions
  • Enterprise-wide Thin Client-based Solutions

Global Advanced Visualization Market, by Application

  • By Medical Imaging
    • Computed Tomography (CT)
    • Magnetic Resonance Imaging (MRI)
    • Nuclear Medicine (NM)
    • Positron Emission Tomography (PET)
    • Radiotherapy (RT)
    • Ultrasound
    • Others
  • By Clinical Area
    • Cardiology
    • Oncology
    • Neurology
    • Radiology and Interventional Radiology
    • Orthopedics
    • Vascular
    • Others

Global Advanced Visualization Market, by End User

  • Hospitals & Surgical Centers
  • Imaging Centers
  • Academic & Research Centers
  • Others

Global Advanced Visualization Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Rest of Asia-Pacific
  • Rest of the World (RoW)
    • Latin America
    • Middle East
    • Africa

Table of Contents

1 Introduction
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Market Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions and Limitations

3 Executive Summary
    3.1 Introduction
    3.2 Market Evolution
    3.3 Current Market Scenario
    3.4 Future Market Outlook
    3.5 Conclusion

4 Premium Insights

5 Market Overview
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Key Market Drivers
           5.3.2 Key Market Restraints
           5.3.3 Key Market Opportunities
           5.3.4 Key Market Challenges

6 Advanced Visualization Market, By Products and Services
    6.1 Introduction
    6.2 Hardware and Software
    6.3 Services
           6.3.1 Introduction
           6.3.2 Implementation Services
           6.3.3 Post-Sale and Maintenance Services
           6.3.4 Consulting/Optimization Services
           6.3.5 Training Services

7 Advanced Visualization Market, By Type of Solution
    7.1 Introduction
    7.2 Stand-Alone Workstation-Based Solutions
    7.3 Enterprise-Wide Thin Client-Based Solutions

8 Advanced Visualization Market, By Application
    8.1 Medical Imaging
           8.1.1 Introduction
           8.1.2 Magnetic Resonance Imaging (MRI)
           8.1.3 Computed Tomography (CT)
           8.1.4 Positron Emission Tomography (PET)
           8.1.5 Ultrasound
           8.1.6 Radiotherapy (RT)
           8.1.7 Nuclear Medicine (NM)
           8.3.8 Others
    8.2 Clinical Area
           8.2.1 Introduction
           8.2.2 Radiology and Interventional Radiology
           8.2.3 Cardiology
           8.2.4 Orthopedics
           8.2.5 Oncology
           8.2.6 Vascular
           8.2.7 Neurology
           8.2.8 Others

9 Advanced Visualization Market, By End User
    9.1 Introduction
    9.2 Hospitals and Surgical Centers
    9.3 Imaging Centers
    9.4 Academic and Research Centers
    9.5 Others

10 Geographic Analysis
     10.1 Introduction
     10.2 North America
             10.2.1 U.S.
             10.2.2 Canada
     10.3 Europe
             10.3.1 Germany
             10.3.2 U.K.
             10.3.3 France
             10.3.4 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 India
             10.4.4 Rest of Asia-Pacific
     10.5 Rest of the World (RoW)
             10.5.1 Latin America
             10.5.2 Middle East
             10.5.3 Africa

11 Competitive Landscape
     11.1 Overview
     11.2 Market Share Analysis, By Key Players
     11.3 Competitive Scenario
     11.4 Recent Developments
             11.4.1 New Product Launches
             11.4.2 Agreements, Partnerships, Collaborations, & Joint Ventures
             11.4.3 Mergers & Acquisitions
             11.4.4 Expansions
             11.4.5 Other Developments

12 Company Profiles*
     12.1 Introduction
     12.2 AGFA-Gevaert N.V.
             12.2.1 Business Overview
             12.2.2 Financial Overview
             12.2.3 Product Portfolio
             12.2.4 Recent Developments
             12.2.5 MnM View
     12.3 Carestream Health, Inc. 
     12.4 Fujifilm Holdings Corporation
     12.5 General Electric Company
     12.6 Koninklijke Philips N.V.
     12.7 Qi Imaging
     12.8 Siemens AG
     12.9 Terarecon, Inc.
     12.10 Visage Imaging, Inc.
     12.11 Vital Images, Inc.


List of Tables (70 Tables)

Table 1 Advanced Visualization Market, By Products and Services, 2013-2020 ($Million)
Table 2 Market for Hardware and Software, By Region, 2013-2020 ($Million)
Table 3 Market, By Services, 2013-2020 ($Million)
Table 4 Market for Services, By Region, 2013-2020 ($Million)
Table 5 Implementation Services Market, By Region, 2013-2020 ($Million)
Table 6 Post-Sale & Maintenance Services Market, By Region, 2013-2020 ($Million)
Table 7 Consulting/Optimization Services Market, By Region, 2013-2020 ($Million)
Table 8 Training Services Market, By Region, 2013-2020 ($Million)
Table 9 Advanced Visualization Market, By Type of Solution, 2013-2020 ($Million)
Table 10 Stand-Alone Workstation-Based Solutions  Market, By Region, 2013-2020 ($Million)
Table 11 Enterprise-Wide Thin Client-Based Solutions Market, By Region, 2013-2020 ($Million)
Table 12 Advanced Visualization Market, By Application in Medical Imaging, 2013-2020 ($Million)
Table 13 Market for CT, By Region, 2013-2020 ($Million)
Table 14 Market for MRI, By Region, 2013-2020 ($Million)
Table 15 Market for Nuclear Medicine, By Region, 2013-2020 ($Million)
Table 16 Market for Pet, By Region, 2013-2020 ($Million)
Table 17 Advanced Visualization Market for Radiotherapy, By Region, 2013-2020 ($Million)
Table 18 Market for Ultrasound, By Region, 2013-2020 ($Million)
Table 19 Advanced Visualization Market for Others, By Region, 2013-2020 ($Million)
Table 20 Market, By Application in Clinical Area, 2013-2020 ($Million)
Table 21 Market for Cardiology, By Region, 2013-2020 ($Million)
Table 22 Market for Oncology, By Region, 2013-2020 ($Million)
Table 23 Advanced Visualization Market for Neurology, By Region, 2013-2020 ($Million)
Table 24 Market for Radiology and Interventional Radiology, By Region, 2013-2020 ($Million)
Table 25 Advanced Visualization Market for Orthopedics, By Region, 2013-2020 ($Million)
Table 26 Market for Vascular, By Region, 2013-2020 ($Million)
Table 27 Market for Others, By Region, 2013-2020 ($Million)
Table 28 Market, By End User, 2013-2020 ($Million)
Table 29 Advanced Visualization Market for Hospitals & Surgical Centers, By Region, 2013-2020 ($Million)
Table 30 Market for Imaging Centers, By Region, 2013-2020 ($Million)
Table 31 Advanced Visualization Market for Academic & Research Centers, By Region, 2013-2020 ($Million)
Table 32 Market for Others, By Region, 2013-2020 ($Million)
Table 33 Market, By Region, 2013-2020 ($Million)
Table 34 North America: Market for Products and Services, 2013-2020 ($Million)
Table 35 Europe: Market for Products and Services, 2013-2020 ($Million)
Table 36 Asia-Pacific: Advanced Visualization Market for Products and Services, 2013-2020 ($Million)
Table 37 RoW: Market for Products and Services, 2013-2020 ($Million)
Table 38 North America: Market for Services, 2013-2020 ($Million)
Table 39 Europe: Market for Services, 2013-2020 ($Million)
Table 40 Asia-Pacific: Market for Services, 2013-2020 ($Million)
Table 41 RoW: Market for Services, 2013-2020 ($Million)
Table 42 North America: Advanced Visualization Market for Type of Solution, By Country, 2013-2020 ($Million)
Table 43 U.S.: Market, By Type of Solution, 2013-2020 ($Million)
Table 44 Canada: Market, By Type of Solution, 2013-2020 ($Million)
Table 45 Europe: Market for Type of Solution, By Country, 2013-2020 ($Million)
Table 46 Germany: Market, By Type of Solution, 2013-2020 ($Million)
Table 47 U.K.: Market, By Type of Solution, 2013-2020 ($Million)
Table 48 France: Market, By Type of Solution, 2013-2020 ($Million)
Table 49 Rest of Europe: Advanced Visualization Market, By Type of Solution, 2013-2020 ($Million)
Table 50 Asia-Pacific: Market for Type of Solution, By Country, 2013-2020 ($Million)
Table 51 Japan: Market, By Type of Solution, 2013-2020 ($Million)
Table 52 China: Market, By Type of Solution, 2013-2020 ($Million)
Table 53 India: Advanced Visualization Market, By Type of Solution, 2013-2020 ($Million)
Table 54 Rest of Asia-Pacific: Market, By Type of Solution, 2013-2020 ($Million)
Table 55 RoW: Market for Type of Solution, By Country, 2013-2020 ($Million)
Table 56 Latin America: Market, By Type of Solution, 2013-2020 ($Million)
Table 57 Middle East: Market, By Type of Solution, 2013-2020 ($Million)
Table 58 Africa: Market, By Type of Solution, 2013-2020 ($Million)
Table 59 North America: Market, By Application in Medical Imaging, 2013-2020 ($Million)
Table 60 Europe: Advanced Visualization Market, By Application in Medical Imaging, 2013-2020 ($Million)
Table 61 Asia-Pacific: Market, By Application in Medical Imaging, 2013-2020 ($Million)
Table 62 RoW: Advanced Visualization Market, By Application in Medical Imaging, 2013-2020 ($Million)
Table 63 North America: Market, By Application in Clinical Area, 2013-2020 ($Million)
Table 64 Europe: Market, By Application in Clinical Area, 2013-2020 ($Million)
Table 65 Asia-Pacific: Market, By Application in Clinical Area, 2013-2020 ($Million)
Table 66 RoW: Market, By Application in Clinical Area, 2013-2020 ($Million)
Table 67 North America: Market, By End User, 2013-2020 ($Million)
Table 68 Europe: Market, By End User, 2013-2020 ($Million)
Table 69 Asia-Pacific: Market, By End User, 2013-2020 ($Million)
Table 70 RoW: Advanced Visualization Market, By End User, 2013-2020 ($Million)
 
 
List of Figures (35 Figures)
 
Figure 1 Research Design
Figure 2 Bottom-Up Approach
Figure 3 Top-Down Approach
Figure 4 Assumptions of the Research Study
Figure 5 Limitations of the Research Study
Figure 6 Advanced Visualization Market Segmentation, By Products and Services, 2015 vs. 2020
Figure 7 Market, By Region, 2015
Figure 8 Market Growth Will Be Driven By Technological Enhancements in Av Software
Figure 9 North America Commanded Largest Share of Advanced Visualization Market in 2015
Figure 10 Developing Markets to Grow at Highest Rate in the Forecast Period
Figure 11 Advanced Visualization Market, By Products and Services
Figure 12 Market, By Type of Solution
Figure 13 Advanced Visualization Market, By Application
Figure 14 Market, By End User
Figure 15 Technological Advancements to Spur Demand for Av Solutions
Figure 16 Increasing Incidence of Cancer in Aging Population
Figure 17 Technological Advancements to Accelerate Market Growth
Figure 18 Global Incidence of Cancer, By Type
Figure 19 Rise in Proportion of Geriatric Population Anticipated to Be Highest in China During 20102040
Figure 20 Geographical Snapshot (2015): Rapidly Growing Markets are Emerging as New Hot Spots
Figure 21 North America Market Snapshot: Demand Will Be Driven By Technological Advancements in Av Tools
Figure 22 High Prevalence of Target Diseases Driving Growth of the U.S. Advanced Visualization Market
Figure 23 Asia-Pacific Advanced Visualization Market Snapshot: China is the Most Lucrative Market
Figure 24 Leading Market Players Adopted the Strategy of Product Development During the Forecast Period
Figure 25 Global Advanced Visualization Market Share, By Key Player, 2014
Figure 26 Geographic Revenue Mix of Top Five Players
Figure 27 Comparison of R&D Expenditures of the Top Five Market Players
Figure 28 AGFA-Gevaert N.V.: Company Snapshot
Figure 29 Onex Corporation: Company Snapshot
Figure 30 Fujifilm Holdings Corporation: Company Snapshot
Figure 31 General Electric Company: Company Snapshot
Figure 32 Koninklijke Philips N.V.: Company Snapshot
Figure 33 Siemens AG: Company Snapshot
Figure 34 Visage Imaging, Inc.: Company Snapshot
Figure 35 Toshiba Corporation: Company Snapshot

On the basis of type of products and services, the global advanced visualization market is divided into two major segments hardware & software, and services. The services segment is further divided into implementation, post-sales & maintenance, consulting/optimization, and training services. The hardware & software segment is expected to account for the larger share of the global market in 2015. This large share is attributed to a number of factors such as technological advancements in AV software, integration of AV tools into PACS, improving diagnostic efficiencies with AV solutions, and the development of novel AV solutions.

On the basis of type of solution, the global market is classified into two major segments, namely, standalone workstation-based solutions and enterprise-wide thin client-based solutions. The enterprise-wide thin client-based solutions segment is expected to account for the larger share of the market in 2015 and grow at the highest CAGR in the next five years, owing to the availability of advanced image processing applications from enterprise-wide thin client-based solutions to the entire organization, low dependency on robust network as only small data is transferred at a time, rising focus of OEMs towards enterprise-wide thin client-based solutions, and increasing deployment of enterprise-wide AV solutions.

Based on applications, the advanced visualization market is broadly classified into medical imaging and clinical applications. Based on the type of applications in medical imaging, the AV solutions are used in several modalities computed tomography, magnetic resonance imaging, nuclear medicine, positron emission tomography, radiotherapy, ultrasound, and others. Based on type of clinical applications, AV software is utilized cardiology, oncology, neurology, radiology and interventional radiology, orthopedics, vascular, and others. The radiology segment is estimated to account for the largest share of the global market for clinical applications in 2015, owing to the visualization functionality that increases the efficiency of radiologists by streamlining workflow practices.

On the basis of type of end user, the global market is classified into hospitals & surgical centers, imaging centers, academic & research centers, and others. The hospitals & surgical centers segment is expected to account for the largest share of the global market in 2015, owing to the significantly large number of diagnostic procedures performed in the hospitals, and the high adoption rate of enterprise-wide thin client-based solutions by medium and large hospitals and surgical centers that are in need of extensive post-processing solutions.

Global Advanced Visualization Market Is Expected to Grow at a GAGR of 10.9% in the Forecast Period, and is Poised to Reach $2.8 Billion by 2020

A number of factors, such as the technological advancements in AV software, improving diagnostic efficiencies with AV solutions, and the development of new AV solutions offering a wide range of functionalities are propelling the growth of the global market. However, declining reimbursement for radiology and unfavorable healthcare reforms in the U.S. are some major factors restraining the growth of this market. In addition to this, reduction in hospital budgets is one of the key challenges faced by market players in the advanced visualization market.

On the basis of geography, this market is classified into four regions, namely, North America, Europe, Asia-Pacific, and Rest of the World. In 2015, the global market was dominated by North America. A number of factors, such as technological advancements in AV tools, high prevalence of age-related diseases, and high adoption rate of technologically advanced products in the North American countries, are driving the growth of the market in this region. The Asia-Pacific market is expected to grow at the highest CAGR from 2015 to 2020 due to factors such as large population base, increase in modernization of healthcare infrastructure, and rising government efforts to broaden public access to modern healthcare systems.

Development of new AV software, expansion, and acquisitions are the key strategies adopted by the major players to strengthen their product portfolio and expand their geographic presence to sustain their positions in the advanced visualization market.

Agfa-Gevaert N.V. (Belgium), Carestream Health, Inc. (U.S.), FUJIFILM Holdings Corporation (Japan), General Electric Company (U.S.), Koninklijke Philips N.V. (The Netherlands), Qi Imaging(U.S.), Siemens AG (Germany), TeraRecon, Inc. (U.S.), Visage Imaging, Inc. (U.S.), and Vital Images, Inc. (U.S.) [now part of Toshiba Corporation (Japan)], among others, are the key players operating in the global advanced visualization market.

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