The advanced visualization global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Advanced Visualization Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The advanced visualization market size has grown rapidly in recent years. It will grow from $3.19 billion in 2023 to $3.62 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to emergence of big data, interdisciplinary collaboration, integration of virtual reality (VR) and augmented reality (AR), and demand for precision and accuracy.
The advanced visualization market size is expected to see rapid growth in the next few years. It will grow to $6.09 billion in 2028 at a compound annual growth rate (CAGR) of 13.9%. The growth in the forecast period can be attributed to advancements in real-time visualization, expansion of cloud-based solutions, enhanced user experience design, regulatory compliance and data security, and increase of integration with internet of things (IoT) devices. Major trends in the forecast period include AI-driven visualization automation, personalized and adaptive visualization, data ethics and responsible visualization, decentralized and federated visualization, and integrated collaboration platforms.
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Scope Of Advanced Visualization Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Advanced Visualization Market Overview
Market Drivers –
The expansion of telehealth medicine is expected to propel the growth of the advanced visualization market going forward. Telehealth medicine refers to the remote delivery of healthcare services using telecommunications technology. The expansion of telehealth is due to increased accessibility, convenience, cost savings, public health concerns, and supportive government policies. Advanced visualization tools enable healthcare providers to engage patients by visualizing and explaining medical conditions, treatment options, and prognosis using interactive 3D models, videos, and graphics. This expands the reach and effectiveness of telehealth medicine by enabling remote diagnosis, and access to specialized care, ultimately improving healthcare outcomes for patients regardless of their location. For instance, in February 2023, according to a report by Rock Health, a US-based healthcare funding company, the prevalence of telemedicine utilization has seen a notable rise, with 80% of surveyed individuals having availed themselves of telemedicine services at least once, marking an increase of 8% from the 72% reported in 2021. Therefore, the expansion of telehealth medicine is driving the growth of the advanced visualization market.
Market Trends –
Major companies operating in the advanced visualization market are focusing on innovative solutions, such as the studio canvas, an advanced data visualization to enhance diagnostic capabilities and improve patient outcomes. Studio canvas is an advanced data visualization and storytelling solution that enhances data comprehension, facilitating insightful analysis and informed decision-making for businesses across diverse sectors. For instance, in May 2023, Forsta, a UK-based provider of customer experience (CX), and employee experience (EX) technology, launched the studio canvas, an advanced data visualization and storytelling solution for enterprises integrated within the Forsta Human Experience (HX) Platform. This self-serve offering enables CX and EX professionals to create dynamic representations of data, combining relevant data with easy-to-understand imagery to illustrate customer and employee journeys. It allows users to bring raw data to life through visually appealing reports that go beyond traditional graphs and tables, making insights compelling, contextual, and easily shareable across organizations in real-time. This tool empowers CX professionals to create high-quality data visualizations that drive collective ownership of CX improvement within the entire enterprise.
The advanced visualization market covered in this report is segmented –
1) By Product And Service: Hardware, Software, Services
2) By Imaging Modality: Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Ultrasound, Nuclear Medicine, Other Imaging Modalities
3) By Clinical Application: Radiology Or Interventional Radiology, Cardiology, Orthopedics, Oncology, Vascular, Neurology, Other Clinical Applications
4) By End-User: Hospitals, And Surgical Centers, Imaging Centers, Academic And Research Centers, Other End Users
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Regional Insights –
North America was the largest region in the advanced visualization market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the advanced visualization market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the advanced visualization market are Siemens Aktiengesellschaft, General Electric Company, Canon Inc., Toshiba Corporation, Fujifilm Holdings Corporation, Koninklijke Philips N.V., Hologic Inc., Esaote S.p.A., Agfa-Gevaert N.V., Carestream Health, Brainlab AG, Domo Inc., Materialise NV, Intelerad Medical Systems, Pro Medicus Limited, Terarecon Inc., Zigron Inc., Visage Imaging Inc., Pie Medical Imaging B.V., Ziosoft Inc., Tetracam Inc., Three Palm Software LLC, Seeq Corporation, QI Imaging LLC, Intrasense SA
Table of Contents
1. Executive Summary
2. Advanced Visualization Market Report Structure
3. Advanced Visualization Market Trends And Strategies
4. Advanced Visualization Market – Macro Economic Scenario
5. Advanced Visualization Market Size And Growth
…..
27. Advanced Visualization Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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