Advanced (3D/4D) Visualization Systems Market size was over USD 739.48 million in 2023 and is poised to exceed USD 1.32 billion by the end of 2036, witnessing over 4.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of advanced (3D/4D) visualization systems is estimated at USD 766.69 million.
The growth of the market can be attributed primarily to the increasing demand for advanced visualization techniques for precise diagnostics and effective cure of diseases. Along with this, with the growing integration of cloud computing in picture archiving and communication systems, security and data transferability of patient’s vital information is predicted to rise significantly. This in turn is expected to be a crucial factor driving market growth in the forthcoming years. Furthermore, escalating number of patients worldwide, and rapidly rising geriatric population, as they are more susceptible to diseases, are projected to offer abundant growth opportunities to the market in the near future. According to a report by the United Nations organization, there 703 million people aged 65 years or over in the world in 2019. The number of older persons is projected to double to 1.5 billion in 2050.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
4.6% |
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Base Year Market Size (2023) |
USD 739.48 million |
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Forecast Year Market Size (2036) |
USD 1.32 billion |
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Regional Scope |
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The market is segmented by application into radiology, oncology, cardiology, orthopedics, neurology, and others, out of which, the radiology segment is anticipated to hold the largest share in the global advanced (3D/4D) visualization systems market. This can be accounted to the fact that visualization has improved the efficiency of radiologists by streamlining workflow processes. Apart from this, 3D and 4D imaging also helps in making accurate diagnosis, which in turn is also evaluated to boost the market segment growth in the years to come. Additionally, on the basis of end user, the hospitals segment is assessed to acquire the largest share during the forecast period owing to the allocation of high budget to procure high-end visualization tools by hospital management globally.
Our in-depth analysis of the global market includes the following segments
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By Device Function |
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By Application |
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By End User |
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Regionally, the global advanced (3D/4D) visualization systems market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. Asia Pacific industry is set to hold largest revenue share by 2036, impelled by rising government initiatives to offer better medical infrastructure facilities in the region. In addition, growing investments in the healthcare sector by companies, especially in India, Malaysia and China, is also expected to accelerate the market growth in the region in the coming years.
North America Market Analysis
Moreover, the market in North America is projected to acquire the largest share over the forecast period ascribing to the high healthcare expenditure, and strong presence of major market players in the region. As per the Centers for Medicare & Medicaid Services (CMS), the healthcare spending in the U.S. reached USD 1.4 trillion or USD 12,530 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 19.7 percent.
November 2021- General Electric announced the introduction of Proficy 2022, which features major enhancements across the entire product portfolio as well as new software additions.
April 2021- Philips declared that its SmartCT 3D image acquisition, visualization and measurement software for its Azurion Image Guided Therapy System received 510(k) clearance from the U.S. Food and Drug Administration (FDA).
Author Credits: Radhika Pawar
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