Asia-Pacific Advanced
Visualization Market was worth $0.3 billion in 2016 and estimated to be growing
at a CAGR of 13%, to reach $0.56 billion by 2021.
Advanced visualization has a good
market since it acts as a tool for Computed Tomography, Positron Emission
Tomography. The advanced visualization market has been mainly limited to
radiologists in the past, but in these days, it is applicable to Orthopedics,
Cardiac, Neurology, Oncology, Vascular, Neurology and Others.
Computed Tomography continues to
attract the larger share of research and development efforts in the AV
industry, with MRI in a strong second place, followed by positron emission
tomography and nuclear medicine. Mirroring the technology and market
development of hybrid imaging systems, there is large market for Advanced
Visualization. Inventions with more powerful clinical application are looking
in every area where these imaging modalities are evolving in the areas of
radiology, cardiology, neurology, orthopedics and oncology.
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Massive number of ongoing
innovations and developments in the healthcare and imaging sectors, rising
spending capabilities and the ease of use of medical imaging devices, the
rising occurrences of target diseases amongst all civilians, all these factors
have driven to the increased adoption of the technology in turn increasing the
growth. However, there are some restraints in the market like Hacking
technology, Lack of skilled professionals and aspects of cost effective.
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The Asia-Pacific Advanced
Visualization Market by Product and Services (Hardware and Software), by
Solution (Standalone and Enterprise), by Imaging Modality (Magnetic Resonance
Imaging (MRI), Computed Tomography (CT), Positron Emission Tomography (PET),
Ultrasound, Radiotherapy (RT), Nuclear Medicine, Others (PET and SPECT), by
Clinical Application(Radiology, Orthopedics, Cardiac, Neurology, Oncology,
Vascular, Neurology, Others), by End user(Hospitals and Surgical Centres,
Imaging Centres , Academic and Research Centres and others).
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The Asia-Pacific region is geographically segmented into China, India, Japan, South Korea, and Australia. Asia-Pacific is one of the most developing markets in the world. As of 2016, the Asia-Pacific accounting of 16% share in global advanced visualization in all the segments. Factors such as growing economy in countries like India and China, the increase in imaging facility, and Huge Population in China, India and Australia has driven huge amount of market in this region.
They are big and developing companies operating in this region. Some of the major companies dominating the market, by their products and services include General Electric Company, Canon Inc, Siemens AG, Koninklijke Philips N.V, Fujifilm Holdings Corporation, Toshiba Corporation, Terarecon, Inc., Carestream Health, Inc., Pro Medicus Limited, Ziosoft, Agfa-Geveart N.V, and Qi Imaging, LLC.
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