The Advanced Visualization market is estimated to be valued at USD 3,214.6 Million in 2021 and is poised to grow at a significant CAGR of 11.6% over 2022-2028. Advanced visualization systems are medical devices outfitted with advanced software that efficiently displays the various aspects of a living cell. These systems reduce the time it takes clinicians to report results to patients. These systems are widely used in pathological laboratories for various clinical applications. Based on the clinical application, the global advanced visualization market has been segmented into Oncology, Orthopedics, Cardiovascular, Neurology, and Others. The oncology segment is anticipated to grow at a significant CAGR over the forecast years, owing to increased technological advancements in advanced visualization technology and software, rising prevalence of chronic diseases, increasing geriatric population, and the need for efficiency. Early diagnosis and rising awareness of the benefits of advanced visualization tools in disease diagnosis drive the global advanced visualization market. The increasing prevalence of chronic diseases, rising geriatric population, need for efficient and early diagnosis, and growing awareness of the benefits offered by advanced visualization tools in disease diagnosis are the factors driving the global advanced visualization market.
Fastest Growing Market
The growing prevalence of chronic diseases is the primary driver of the global demand for advanced visualization technologies. Due to changes in lifestyle and the scarcity of preventive care, the prevalence of cancer, heart disease, and respiratory diseases is increasing. In 2012, the Centers for Disease Control and Prevention (CDC) estimated that approximately 117 million people in the United States suffer from at least one chronic health condition. Furthermore, the prevalence and mortality rate of various types of cancer rise with age. Moreover, the disease's rapidly increasing burden increases the demand for oncology services in healthcare settings. Due to this, healthcare providers and government organizations are compelled to provide facilities for effectively diagnosing and treating disease, fueling the growth of the advanced visualization market.
The Advanced Visualization Market will be studied from 2017 - 2028.
The Advanced Visualization Market is growing at a CAGR of 11.6% over the next 7 years.
The Asia Pacific is growing at the highest CAGR over 2021- 2028
North America held the highest share in 2021.
AGFA-Gevaert N.V., Medical Systems, Carestream Health, Inc., Fujifilm Holdings Corporation, GE Healthcare, Koninklijke Philips N.V., PRO Medicus Limited, Siemens Healthineers, Terarecon, Inc. are the major companies operating in Advanced Visualization Market.