Advanced Visualization Systems - Market Insights and Forecasts by Technavio

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According to the latest market study released by Technavio, the global advanced visualization systems market is expected to grow at a CAGR of more than 7% during the forecast period.

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Technavio has published a new report on the global advanced visualization systems market from 2017-2 ...

Technavio has published a new report on the global advanced visualization systems market from 2017-2021. (Graphic: Business Wire)

This research report titled ‘Global Advanced Visualization Systems Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

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The market research analysis categorizes the global advanced visualization systems market into seven major product segments, of which the top three are discussed below. They are:

  • Computed tomography (CT)
  • Magnetic resonance imaging (MRI)
  • X-ray
  • Ultrasound
  • Positron emission tomography (PET)
  • Endoscopy

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Advanced CT visualization systems

The presence of multi-slice scanners has spurred the demand for advanced CT image-guided visualization systems. CT is preferred more than other advanced visualization systems owing to its higher sensitivity, which helps in providing better images. Companies such as Carestream are focusing on developing cone beam CT (CBCT) systems, an advanced version of CT, which helps to provide clearer images and improves the image quality by artifact reduction.

According to Srinivas Sashidhar, a lead analyst at Technavio for medical imaging research, “The segment is expected to witness growth owing to increased emphasis on early diagnosis and prevention of medical conditions. The market is dominated by Siemens Healthineers, Toshiba Medical Systems, and GE Healthcare.”

Advanced MRI visualization systems

This image-guided system has an excellent ability to discriminate between various organs, including blood vessels, nerves, and solid organs. MRI is used to visualize tumors, inflammatory diseases, congenital abnormalities, osteonecrosis, bone marrow diseases, and herniation or degeneration of discs of the spinal cord.

There are many companies such as GE Healthcare, Philips Healthcare, and Siemens Healthineers, which are focusing on developing advanced MRI systems for neuroimaging. However, some studies have proved that advanced MRI systems can be used for other medical disciplines as well such as complicated heart surgery to observe the venous anatomy.

“Companies are focusing on the development of software and platforms, which can improve the visualization systems to perform 3D and 4D imaging. They are conducting high-end R&D and forming partnerships to expand their businesses, owing to market competition,” says Srinivas.

Advanced X-ray visualization systems

An advanced X-ray visualization system helps a surgeon to view an image during surgery and conduct a biopsy. It also helps in diagnosing the progression of a disease. The vendors in the market are focused on developing new technologies, thereby increasing the competition in the market. For instance, several companies have integrated picture archiving and communication systems in their digital X-ray systems, which allow for immediate viewing of high-quality X-ray images. In most of the advanced X-ray visualization systems, the platforms used help to perform both 3D and 4D imaging.

Owing to their growing adoption, companies are acquiring the X-ray products to penetrate the market. For instance, in December 2016, Varian Medical Systems announced its acquisition of Perkin Elmer, a supplier of digital X-ray imaging detectors.

The top vendors highlighted by Technavio’s market research analysts in this report are:

  • GE Healthcare
  • Olympus
  • Philips Healthcare
  • Siemens Heathineers
  • Toshiba Medical Systems

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