HOME Research Insight The Advanced Visualization Market was Dominated by General Electric Company (U.S.) and Toshiba Corporation (Japan)



The Advanced Visualization Market was Dominated by General Electric Company (U.S.) and Toshiba Corporation (Japan)


Prominent players operating in the advanced visualization market include General Electric Company (U.S.), Siemens AG (Germany), Koninklijke Philips N.V. (Netherlands), Fujifilm Holdings Corporation (Japan), Toshiba Corporation (Japan), TeraRecon, Inc. (U.S.), Pro Medicus Limited (Australia), Carestream Health, Inc. (Onex Corporation) (Canada), Agfa HealthCare (Agfa-Gevaert N.V.) (Belgium), and Qi Imaging, LLC (NantWorks LLC)(U.S.), among others.

In 2015, General Electric Company (U.S.) held leadership position in the advanced visualization market. The company has a strong portfolio of advanced visualization products and advanced visualization enterprise-based solutions for cardiology, neurology, oncology, vascular, and interventional. To further strengthen its product portfolio and market presence, the company focuses on product launches, expansions, and collaborations as its key growth strategies. In addition, the company expanded its Healthcare IT Centre of Excellence in Szeged, Hungary, in June 2015 and introduced the GE Health Cloud, in November 2015.

Vital Images, Inc. (acquired by Toshiba Corporation) held second leading position in the global advanced visualization market. The company aims to maintain its dominant market position through product commercialization as well as by updating its existing products. In line with this strategy, the company has updated several advanced visualization products such as IntelliSpace Portal 8.0 (2015), Enterprise Imaging PACS, and Lumify.

The key strategies followed by majority of the market players include product launches and upgrades; agreements, collaborations, and partnerships; expansions, acquisitions, and others (including approvals and certifications). Product launches and upgrades accounted for the largest share of the overall growth strategies mapped during 2013 to 2016. Few of the market players that adopted these strategies include General Electric Company (U.S.), Siemens AG (Germany), Koninklijke Philips N.V. (Netherlands), Fujifilm Holdings Corporation (Japan), Toshiba Corporation (Japan), TeraRecon, Inc (U.S.), Pro Medicus Limited (Australia), Agfa HealthCare (Agfa-Gevaert N.V.) (Belgium), and Qi Imaging, LLC (NantWorks LLC) (U.S.), among others.

Related Reports:

Advanced Visualization Market by Products (Hardware, Software), Services, Solution (Standalone, Enterprise), Imaging Modality (MRI, CT, PET, Ultrasound, Radiotherapy), Clinical Application (Radiology, Orthopedics, Cardiac, Neurology) - Forecasts to 2021

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