Amid the COVID-19 crisis, the global market for Advanced (3D/4D) Visualization Systems estimated at US$2.7 Billion in the year 2020, is projected to reach a revised size of US$4.1 Billion by 2027, growing at a CAGR of 6.5% over the analysis period 2020-2027. MRI, one of the segments analyzed in the report, is projected to record a 8.5% CAGR and reach US$1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ultrasound segment is readjusted to a revised 7.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $717.6 Million, While China is Forecast to Grow at 10.1% CAGR
The Advanced (3D/4D) Visualization Systems market in the U.S. is estimated at US$717.6 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$913.2 Million by the year 2027 trailing a CAGR of 10.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR.
Radio Therapy Segment to Record 5.8% CAGR
In the global Radio Therapy segment, USA, Canada, Japan, China and Europe will drive the 5.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$217.7 Million in the year 2020 will reach a projected size of US$313.2 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$558.9 Million by the year 2027, while Latin America will expand at a 6.9% CAGR through the analysis period. We bring years of research experience to this 19th edition of our report. The 286-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- Agfa-Gevaert Group
- Canon Medical Systems USA Inc.
- Carestream Health, Inc.
- CONMED Corporation
- EOS Imaging
- Fujifilm Holding America Corporation
- GE Healthcare
- Hitachi High-Technologies Corporation
- Koninklijke Philips N.V.
- Siemens AG
- TeraRecon, Inc.
- Thermo Fischer Scientific Inc.
- TrueVision Systems, Inc.
- Visage Imaging, Inc.
- Vital Images, Inc.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
As An Indispensable Element in Medical Practice, Imaging Continues to Evolve Providing the Cornerstone for the Growth of 3D/4D Visualization Systems
Recent Market Activity
Chronic Diseases & Aging Population Stretch Healthcare Resources Including Demand for Medical Imaging
Global Competitor Market Shares
Advanced (3D/4D) Visualization Systems Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Agfa-Gevaert Group (USA)
Canon Medical Systems USA Inc. (USA)
Carestream Health, Inc. (USA)
CONMED Corporation (USA)
Fujifilm Holding America Corporation (USA)
EOS Imaging (France)
GE Healthcare (UK)
Hitachi High-Technologies Corporation (Japan)
Koninklijke Philips N.V. (The Netherlands)
Siemens AG (Germany)
TeraRecon, Inc. (USA)
Thermo Fisher Scientific (USA)
TrueVision Systems, Inc. (USA)
Visage Imaging, Inc. (USA)
Vital Images, Inc. (USA)
3. MARKET TRENDS & DRIVERS
Rise in Image Guided Surgeries Drives Demand for 3D/4D Imaging Systems &Visualization Tools
Rise of Telesurgery, a Revenue Spinning Trend in the Market
Epidemic Spread of Cancer Drives Interest in 4D Radiation Therapy (4DRT) Enabled by 4D Visualization Systems
Demand for Advanced Visualization Methods in Clinical Radiology Spurs Integration of 3D & 4D Visualization Tools with PACS
3D Image Sensors & 3D Displays: Vital Elements in Advanced 3D Visualization Systems
Collaborative Evaluation of 3D MRI, CT & Ultrasonic Imaging Data Strengthens the Business Case for Advanced Visualization Technologies
Developments in Interactive 3D Image Segmentation to Benefit Growth in the Market
Expanding Applications in Cardiology, Neurology Dentistry, Orthopedics & Gynecology
Advanced 3D/4D Visualization System Enhances Diagnostic Skill Acquisition and Supports Tactile Learning in Medical Training
Thin Client: The New Standard in Advanced Visualization
5D Imaging: Is it a Threat for 3D & 4D Visualization Software?
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
Market Facts & Figures
US Advanced (3D/4D) Visualization Systems Market Share (in %) by Company: 2018 & 2025
Market Facts & Figures
European Advanced (3D/4D) Visualization Systems Market: Competitor Market Share Scenario (in %) for 2018 & 2025
REST OF EUROPE
REST OF ASIA-PACIFIC
REST OF LATIN AMERICA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
Total Companies Profiled: 37