Advanced (3D/4D) Visualization Systems Market: FDA Legalization of Digital Patient Data Works in Favor of Market

The global advanced (3D/4D) visualization systems market has been prognosticated to be influenced by high competitive rivalry as leading companies look to cement their position by introducing greater technologically advanced solutions. In 2016, Siemens Healthcare shook hands with Curagita Holding AG to develop an e-health app for 100 practices in Radiology Network Germany to diagnose prostate cancer. In the same year, TeraRecon, Inc. launched iNtuition Share which supports direct peer-to-peer image sharing and multiple workflow and user management scenarios.

The world advanced (3D/4D) visualization systems market could witness a continual trend of independent advanced visualization vendors being acquired by equipment manufacturers, according to Transparency Market Research (TMR).

The world advanced (3D/4D) visualization systems market has been anticipated by the authors of a TMR report to bank in a revenue of US$3.28 bn by 2024. In 2016, the world advanced (3D/4D) visualization systems market had earned an almost US$2.0 bn. The CAGR expected to be registered by the world advanced (3D/4D) visualization systems market during the forecast period is 6.4%. Magnetic resonance imaging (MRI) has been predicted to dominate the world advanced (3D/4D) visualization systems market with a 7.5% CAGR. North America could hold a larger share of over 32.0% in the world advanced (3D/4D) visualization systems market.

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Aggressive Rise of Medical Procedures and Need for Digital Patient Data Amplify Demand

In the next two decades, the WHO has foreseen the count of fresh cancer cases to increase to 22.0 mn. Moreover, the globe suffers from cardiovascular diseases as a leading cause of death. Thus, with the rising number of chronic diseases escalating the need for oncology, neurology, and cardiology medical procedures, the demand in the international advanced (3D/4D) visualization systems market has been prophesied to augment.

The elevating need for digitizing patient data on account of legal compliance requirements stated by the U.S. Food and Drug Administration (FDA) on the part of maintaining picture archiving and communication system (PACS) records could also aggravate the demand in the international advanced (3D/4D) visualization systems market.

Cost savings triggered by sophisticated advancements in 3D and 4D imaging technologies for more patient diagnosis support have been envisaged to offer lucrative growth opportunities in the international advanced (3D/4D) visualization systems market.

5D Imaging Technology Looks Down on 3D and 4D Imaging Technologies

The worldwide advanced (3D/4D) visualization systems market could face a few hindrances in its growth path, viz. hesitation of end users to invest in new installations, high equipment cost, and the advent of 5D imaging technology.

However, the untapped prevalence of a growing number of chronic disease patients and medical tourism have been envisioned to offer some bankable opportunities in the worldwide advanced (3D/4D) visualization systems market. Vendors operating in the worldwide advanced (3D/4D) visualization systems market could also profit from the evolution of novel services and software.

Patients deprived of quality healthcare services and residing at remote locations can gain access to advanced visualization tools with the availability of better Internet connectivity. Physicians have already been using tablets and smartphones to communicate with their patients and assess scan results. Applications designed for oncology treatment, chronic obstructive pulmonary disease (COPD), and liver analysis can now be hosted using cloud-based solutions.

The information presented in this review is based on a Transparency Market Research report, titled, “Advanced (3D/4D) Visualization Systems Market (Platform – Ultrasound, MRI, CT, and PET; Application – Cardiology, Oncology, and Neurology; End-user – Hospitals, Diagnostic Labs, and Academics and Research) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.”

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