The North American Advanced Visualization (AV) Market (2018-2023): Expected to Grow at a CAGR of 11.6% - ResearchAndMarkets.com

November 14, 2018

DUBLIN--(BUSINESS WIRE)--Nov 14, 2018--The “North America Advanced Visualization (AV) Market (2018-2023)” report has been added to ResearchAndMarkets.com’s offering.

The North American AV market is expected to reach USD billion by 2023 with a compound annual growth rate (CAGR) of 11.6% during 2018-2023.

Technological advancements in AV software is a major driving force in the US. This includes the development and integration of picture archiving and communication system (PACS) and AV solution, hybrid imaging and image fusion technology and big data analytics which automates how data will be displayed to the end users and others.In the U.S., the geriatric population grew for more than 15% of the total population of the country and would be more than double by 2060. An older population implies higher need for healthcare treatment and would give a boost to this market.In December 2017, Conemaugh Memorial Medical Center invested in a new PET/CT technology which is beneficial for the patients as it provides high-quality images with half the radiation required and in half the time. High demand for PET in North America is owing to the rising incidence of cancer and higher technological advancements.The growth of the market is hindered by a few challenges. Even with the help of the government, the cost of completely upgrading the already existing systems into the AV systems is very high. Due to various financial constraints faced by hospitals, it would take a lot of time before they can completely convert into AV.With the involvement of information technology (IT) in AV, a lot of data will be generated, which would include private information about the patients. Thus, data security will become a major challenge in the long run. In the US, healthcare industry itself amounted to 43% of all major data breaches in 2013.The key competitors in the North America AV market are Toshiba Corporation, Ziosoft, Koninklijke Philips N.V., Afga-Gevaert, Conmed and others. The market is divided into three primary segments based on the product type, solution and imaging modality:Based on the product type, the market is segmented into hardware and software and services.Based on solution, the market is divided into enterprise-wide thin client-based solution and standalone workstation-based solution.Based on imaging modality, the market is classified into magnetic resonance imaging (MRI), positron emission tomography (PET), computer tomography (CT), ultrasound and x-ray.

Companies Profiled

Toshiba CorporationGeneral Electric CompanyTerarecon Inc.Siemens AGKoninklijke Philips N.VFujifilm Holdings CorporationAgfa-Gevaert GroupPro MedicusConmedZiosoft

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Related Topics:Medical Imaging



SOURCE: Research and Markets

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PUB: 11/14/2018 07:16 AM/DISC: 11/14/2018 07:15 AM


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