Albany, New York, March 25, 2019 (GLOBE NEWSWIRE) -- Transparency Market Research (TMR), the global advanced (3D/4D) visualization systems market is likely to expand with a steady CAGR of 6.4% within the forecast period from 2016 to 2024. The global advanced (3D/4D) visualization systems market is foreseen to be valued around worth US$3.2 bn by the end of forecast period.
On the basis of platform, the CT segment is estimated to lead the global advanced (3D/4D) visualization systems market in terms of highest revenue share. Geographically, North America region had accounted for maximum share in advanced (3D/4D) visualization systems market in 2015, due to emergence of improved healthcare system, rises in awareness among patients, solid regional economy, advancement in technology.
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Ability to View Diagnostic Images in Real-time To Propel Demand
Medical professionals broadly draw in advanced (3D/4D) visualization systems to experience changes in body starting with one frame onto the next with the assistance of diagnostic pictures. The pictures could be seen progressively in real-time, along with the features to store, transfer, and share in 3D/4D format utilizing the innovation. Since 2015, the U.S. Food and Drug Administration (FDA) have made digitalization and the capacity of patient information mandatory. In addition, as per the U.S. Enumeration Bureau, an impressive number of regional population is likely to be incorporated into the classification of older individuals around 65 years or more. These components could make a platform to accommodate the rising development of the advanced (3D/4D) visualization systems market.
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Industrial advancements have a distinct spot in businesses as exact and precise imaging is a genuine necessity in the present medical world. Besides, an increase in geriatric population, the rising number of different ailments could catalyze the demand for novel diagnostic systems, for example, advanced (3D/4D) visualization systems.
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High Installation Cost to Hinder Growth of Market
Owing to high installation and setup costs, different end use industries are likely to be discouraged from the usage of advanced (3D/4D) visualization systems. Nevertheless, this limitation of the advanced (3D/4D) visualization systems market can be countered with significant improvements in healthcare sectors in the major regions. Besides, the improvement in healthcare infrastructure, rising focus on advancements in the medical sector, and an enormous pool of underserved individuals suffering from various ailments are forecasted to provide incredible scope for players to achieve success in the global advanced (3D/4D) visualization systems market.
Several growth opportunities are expected to arise in the coming years in the global advanced (3D/4D) visualization systems market because of the increasing number of customers, accessibility of multi-modality highlights, and incorporation of PACS.
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The global advanced (3D/4D) visualization systems market is expected to be highly competitive owing to the advancement in technology. Key players are indulging into various business strategies including mergers and acquisitions and collaboration, partnerships, participating in medical exposition, tie-up with onsite and online services, government institutes, and so on. There are several players in the global advanced (3D/4D) visualization systems market both, regional and international that are competing against each other to improve their position in global advanced (3D/4D) visualization systems market and expand their global reach. Moreover, the companies market are planning to base their competition as per funds available, investments made, technological updates, product differentiation, and pricing. The key players operating in the global advanced (3D/4D) visualization systems market are CONMED Corporation, Carestream Health, Inc., Fujifilm Holding America Corporation, Intelerad Medical Systems Incorporated, GE Healthcare, Philips Healthcare, Siemens Healthcare, Terarecon, Inc.
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The data and information presented is based on the findings of a TMR report, titled “Advanced (3D/4D) Visualization Systems Market (Platform - Ultrasound, MRI, CT, PET; Application - Cardiology, Oncology, Neurology; End-user - Hospitals, Diagnostic Labs, Academics and Research) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”
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