Advanced Visualization Market by Products, Services, Solution, Application, - Global Forecasts to 2020

The global advanced visualization market is estimated to grow at a CAGR of 10.9% from 2015 to 2020. Although mature markets such as North America are estimated to hold a large share in the advanced visualization market in 2015, the Asia-Pacific region is poised to grow at the highest CAGR in the next five years. Factors such as the growing patient population, increasing government initiatives to modernize healthcare infrastructure, and rising focus of international and domestic players on the Asia-Pacific region are driving the growth of this market.

Growth of the advanced visualization market is driven by factors such as rapidly aging population, increasing focus on the development of technologically advanced AV software, integration of AV solutions into PACS, and development of novel AV software that provide a wide range of functionalities. However, factors such as the declining reimbursement for radiology and unfavorable healthcare reforms in the U.S. are restraining the growth of this market. Moreover, incorporation of AV solutions in mobile devices, evolution of new applications for AV software, and geographic expansions by key AV vendors outside the U.S. offer new growth opportunities in the advanced visualization market.

In this report, the global advanced visualization market has been segmented on the basis of products and services [hardware & software and services (implementation, post-sale & maintenance, consulting/optimization, and training)]; type of solution (stand-alone workstation-based solutions and enterprise-wide thin client-based solutions); application [medical imaging (computed tomography, magnetic resonance imaging, nuclear medicine, positron emission tomography, radiotherapy, ultrasound, and others); by clinical area (cardiology, oncology, neurology, radiology and interventional radiology, orthopedics, interventional, vascular, and others)]; and end user (hospitals & surgical centers, imaging centers, academic & research centers, and others). The radiology segment is estimated to account for the largest share of the global advanced visualization market in 2015. The large share of this segment is primarily attributed to the visualization functionality that increases the efficiency of radiologists by streamlining workflow practices, and high adoption rate of AV solutions in radiology departments.

Geographically, North America (comprising the U.S. and Canada) is estimated to command the largest share of the global advanced visualization market in 2015. The North American advanced visualization market is primarily driven by various factors, such as technological advancements in AV tools and high adoption rate of technologically advanced AV systems in North American countries; demographic factors such as growth in aging population; and increasing incidence and prevalence of age-related diseases. However, unfavorable healthcare reforms in the U.S. are restraining the growth of the advanced visualization market in this region.

The global advanced visualization market is highly competitive, with a large number of global and local players. As of 2014, the global advanced visualization market was dominated by FUJIFILM Holdings Corporation (Japan), General Electric Company (U.S.), Koninklijke Philips N.V. (Netherlands), Siemens AG (Germany), TeraRecon, Inc. (U.S.), and Vital Images, Inc. (U.S.) [now part of Toshiba Corporation (Japan)], which together accounted for ~80% of the market. Development of innovative AV software, geographic expansion, and strategic acquisitions are the major strategies adopted by AV vendors to achieve growth in the market.

Reasons to Buy the Report:

From an insight perspective, this research report focuses on various levels of analysis such as market share analysis of top ten players, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the advanced visualization market, high-growth regions and countries and their respective drivers, restraints, challenges, and opportunities.

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms garner a greater market share. Firms purchasing the report could use any one or combination of the below mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market share.

The report provides insights on the following pointers:

‧ Market Penetration: Comprehensive information on AV solutions offered by top 10 vendors in the advanced visualization market. The report analyzes the advanced visualization market by products and services, type of solution, application, and end users across geographies

‧ Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the advanced visualization market

‧ Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various advanced visualization products across geographies

‧ Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the advanced visualization market

‧ Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of leading players in the advanced visualization market

TABLE OF CONTENTS

1 INTRODUCTION 16
1.1 OBJECTIVES OF THE STUDY 16
1.2 MARKET DEFINITION 16
1.3 MARKET SCOPE 16
1.3.1 MARKETS COVERED 17
1.3.2 YEARS CONSIDERED IN THE STUDY 18
1.4 CURRENCY 19
1.5 STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 Key data from secondary sources 21
2.1.2 PRIMARY DATA 22
2.1.2.1 Key data from primary sources 22
2.1.2.2 Key industry insights 23
2.1.2.3 Breakdown of primaries 23
2.2 MARKET SIZE ESTIMATION 24
2.2.1.1 Bottom-up Approach 24
2.2.1.2 Top-down Approach 25
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 26
2.4 RESEARCH ASSUMPTIONS AND LIMITATIONS 26
2.4.1 ASSUMPTIONS 26
2.4.2 LIMITATIONS 27
3 EXECUTIVE SUMMARY 28
3.1 INTRODUCTION 28
3.2 MARKET EVOLUTION 29
3.3 CURRENT MARKET SCENARIO 29
3.4 FUTURE MARKET OUTLOOK 32
3.5 CONCLUSION 34
4 PREMIUM INSIGHTS 35
4.1 ATTRACTIVE OPPORTUNITIES IN AV MARKET 35
4.2 ADVANCED VISUALIZATION MARKET, BY REGION, 2015 35
4.3 ADVANCED VISUALIZATION MARKET, BY END USER, 2015 36
4.4 ADVANCED VISUALIZATION MARKET, BY APPLICATION, 2015 VS. 2020 36
4.5 ADVANCED VISUALIZATION MARKET, BY COUNTRY/REGION, 2015 37
5 MARKET OVERVIEW 38
5.1 INTRODUCTION 39
5.2 MARKET SEGMENTATION 39
5.2.1 ADVANCED VISUALIZATION MARKET, BY PRODUCTS AND SERVICES 39
5.2.2 ADVANCED VISUALIZATION MARKET, BY TYPE OF SOLUTION 39
5.2.3 ADVANCED VISUALIZATION MARKET, BY APPLICATION IN CLINICAL AREA 40
5.2.4 ADVANCED VISUALIZATION MARKET, BY APPLICATION IN MEDICAL IMAGING 40
5.2.5 ADVANCED VISUALIZATION MARKET, BY END USER 40
5.3 MARKET DYNAMICS 41
5.3.1 DRIVERS 42
5.3.1.1 Technological advancements in AV software 42
5.3.1.2 Rapid growth in the aging population 42
5.3.1.3 Integration of AV tools into PACS 43
5.3.1.4 Improving diagnostic interpretation efficiencies with AV solutions 43
5.3.1.5 Ongoing training and funding programs 43
5.3.1.6 Development of novel AV solutions that offer a wide range of functionalities 44
5.3.2 RESTRAINTS 44
5.3.2.1 Unfavorable healthcare reforms in the U.S. 44
5.3.2.2 Declining reimbursements for radiology 44
5.3.3 OPPORTUNITIES 45
5.3.3.1 Incorporation of AV solutions in mobile devices 45
5.3.3.2 Increasing applications of AV software due to technological advancements 45
5.3.3.3 Geographical expansions by key AV vendors outside the U.S. 46
5.3.4 CHALLENGES 46
5.3.4.1 Hospital budget cuts, a major challenge to the key vendors in the market 46
6 ADVANCED VISUALIZATION MARKET, BY PRODUCTS AND SERVICES 47
6.1 INTRODUCTION 48
6.2 HARDWARE AND SOFTWARE 49
6.3 SERVICES 50
6.3.1 INTRODUCTION 50
6.3.2 IMPLEMENTATION SERVICES 51
6.3.3 POST-SALE AND MAINTENANCE SERVICES 52
6.3.4 CONSULTING/OPTIMIZATION SERVICES 52
6.3.5 TRAINING AND EDUCATION SERVICES 53
7 ADVANCED VISUALIZATION MARKET, BY TYPE OF SOLUTION 55
7.1 INTRODUCTION 56
7.2 ENTERPRISE-WIDE THIN CLIENT-BASED SOLUTIONS 59
7.3 STAND-ALONE WORKSTATION-BASED SOLUTIONS 61
8 ADVANCED VISUALIZATION MARKET, BY APPLICATION 64
8.1 INTRODUCTION 65
8.2 ADVANCED VISUALIZATION MARKET, BY APPLICATION IN MEDICAL IMAGING 65
8.2.1 MAGNETIC RESONANCE IMAGING (MRI) 67
8.2.2 COMPUTED TOMOGRAPHY (CT) 68
8.2.3 POSITRON EMISSION TOMOGRAPHY (PET) 69
8.2.4 ULTRASOUND 69
8.2.5 RADIOTHERAPY (RT) 70
8.2.6 NUCLEAR MEDICINE (NM) 71
8.2.7 OTHER IMAGING MODALITIES 71
8.3 ADVANCED VISUALIZATION MARKET, BY APPLICATION IN CLINICAL AREAS 72
8.3.1 RADIOLOGY/INTERVENTIONAL RADIOLOGY 73
8.3.2 CARDIOLOGY 75
8.3.3 ORTHOPEDICS 75
8.3.4 ONCOLOGY 77
8.3.5 VASCULAR 77
8.3.6 NEUROLOGY 78
8.3.7 OTHER CLINICAL AREAS 79
9 ADVANCED VISUALIZATION MARKET, BY END USER 80
9.1 INTRODUCTION 81
9.2 HOSPITALS AND SURGICAL CENTERS 82
9.3 IMAGING CENTERS 84
9.4 ACADEMIC AND RESEARCH CENTERS 84
9.5 OTHER END USERS 85
10 GEOGRAPHIC ANALYSIS 86
10.1 INTRODUCTION 87
10.2 NORTH AMERICA 90
10.2.1 U.S. 96
10.2.2 CANADA 97
10.3 EUROPE 99
10.3.1 GERMANY 104
10.3.2 U.K. 105
10.3.3 FRANCE 105
10.3.4 REST OF EUROPE 106
10.4 ASIA-PACIFIC 107
10.4.1 JAPAN 112
10.4.2 CHINA 113
10.4.3 INDIA 114
10.4.4 REST OF ASIA-PACIFIC 116
10.5 REST OF THE WORLD (ROW) 117
11 COMPETITIVE LANDSCAPE 122
11.1 OVERVIEW 122
11.2 MARKET SHARE ANALYSIS 122
11.3 COMPETITIVE SITUATION AND TRENDS 123
11.3.1 PRODUCT APPROVALS, LAUNCHES, AND ENHANCEMENTS 123
11.3.2 AGREEMENTS, PARTNERSHIPS, AND COLLABORATIONS 125
11.3.3 EXPANSIONS 126
11.3.4 OTHER DEVELOPMENTS 126
12 COMPANY PROFILES 128
12.1 INTRODUCTION 128
12.2 GE HEALTHCARE (A DIVISION OF GENERAL ELECTRIC COMPANY) 129
12.2.1 BUSINESS OVERVIEW 129
12.2.2 PRODUCT OFFERINGS 130
12.2.3 RECENT DEVELOPMENTS (2012–2015) 132
12.2.4 MNM VIEW 132
12.3 VITAL IMAGES, INC. (A SUBSIDIARY OF TOSHIBA CORPORATION) 133
12.3.1 BUSINESS OVERVIEW 133
12.3.2 PRODUCT OFFERINGS 134
12.3.3 RECENT DEVELOPMENTS (2012–2015) 134
12.3.4 MNM VIEW 136
12.4 SIEMENS HEALTHCARE (A DIVISION OF SIEMENS AG) 137
12.4.1 BUSINESS OVERVIEW 137
12.4.2 PRODUCT OFFERINGS 138
12.4.3 RECENT DEVELOPMENTS (2012–2015) 138
12.4.4 MNM VIEW 138
12.5 TERARECON, INC. 139
12.5.1 BUSINESS OVERVIEW 139
12.5.2 PRODUCT OFFERINGS 139
12.5.3 RECENT DEVELOPMENTS (2012–2015) 140
12.5.4 MNM VIEW 141
12.6 PHILIPS HEALTHCARE (A DIVISION OF KONINKLIJKE PHILIPS N.V.) 142
12.6.1 BUSINESS OVERVIEW 142
12.6.2 PRODUCT OFFERINGS 143
12.6.3 RECENT DEVELOPMENTS (2012–2015) 143
12.6.4 MNM VIEW 144
12.7 FUJIFILM MEDICAL SYSTEMS U.S.A., INC. (A SUBSIDIARY OF FUJIFILM HOLDINGS CORPORATION) 145
12.7.1 BUSINESS OVERVIEW 145
12.7.2 PRODUCT OFFERINGS 146
12.7.3 RECENT DEVELOPMENTS (2012–2015) 147
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12.8 VISAGE IMAGING, INC. (A WHOLLY OWNED SUBSIDIARY OF PRO MEDICUS LIMITED) 148
12.8.1 BUSINESS OVERVIEW 148
12.8.2 PRODUCT OFFERINGS 149
12.8.3 RECENT DEVELOPMENTS (2012–2015) 149
12.9 CARESTREAM HEALTH, INC. (A PART OF ONEX CORPORATION) 152
12.9.1 BUSINESS OVERVIEW 152
12.9.2 PRODUCT OFFERINGS 153
12.9.3 RECENT DEVELOPMENTS (2012–2015) 153
12.10 AGFA HEALTHCARE NV (A SUBSIDIARY OF AGFA-GEVAERT N.V.) 154
12.10.1 BUSINESS OVERVIEW 154
12.10.2 PRODUCT OFFERINGS 155
12.10.3 RECENT DEVELOPMENTS (2012–2015) 155
12.11 QI IMAGING 156
12.11.1 BUSINESS OVERVIEW 156
12.11.2 PRODUCT OFFERINGS 156
12.11.3 RECENT DEVELOPMENTS (2012–2015) 156
13 APPENDIX 157
13.1 INSIGHTS OF INDUSTRY EXPERTS 157
13.2 DISCUSSION GUIDE 158
13.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 163
13.4 AVAILABLE CUSTOMIZATIONS 164
13.5 RELATED REPORTS 165