Advanced (3D/4D) Visualization Systems Market - Forecast(2022 - 2027)

Report Code: HCR 0580 Report Format: PDF + Excel

Advanced (3D/4D) Visualization Systems Market Overview

Global Advanced (3D/4D) Visualization Systems Market size is estimated to be approximately $2.3 billion in 2021 and is poised to grow at a CAGR of 4.7% during the forecast period 2022-2027. Advanced (3D/4D) Visualization Systems make use of software and Artificial Intelligence (AI) to manipulate and enhance the images produced by medical imaging systems such as Computer Tomography (CT), Ultrasound and Magnetic Resonance Imaging (MRI) scanners. This allows medical professionals to gain deeper insights and thereby, enable them to take better diagnosis and treatment decisions for the patient.

Rapid adoption of Picture Archiving and Communication systems (PACS) in the healthcare sector is anticipated to drive the growth of the Advanced (3D/4D) Visualization Systems industry during the forecast period 2022-2027 as they allow healthcare facilities to securely store and digitally transmit electronic images and clinically-relevant reports. This eliminates the need to manually file and store, retrieve and send sensitive data.

Advanced (3D/4D) Visualization Systems Market Report Coverage

The report: Advanced (3D/4D) Visualization Systems Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Advanced (3D/4D) Visualization Systems Market.

By Product Type: Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Position Emission Tomography (PET), Ultrasound and Others.
By Application: Radiology, Oncology, Cardiology, Orthopedics, Neurology, Vascular, Diagnostic, Oral, Pneumology and Others.
By End User: Hospitals and Clinics, Diagnostic Centers, Academics and Research Centers and Others. 
By Geography: North America (U.S., Canada and Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia and New Zealand and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Columbia and Rest of South America) and Rest of the World (Middle East and Africa)

Key Takeaways

  • North America dominated the Advanced (3D/4D) Visualization Systems market in the year 2021. The presence of a highly developed healthcare infrastructure and favorable reimbursement policies in the US and Canada are some of the key factors contributing to the growth of the segment.
  • Rising prevalence of various types of cancer among the global population is anticipated to drive the market during the forecast period.
  • Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Advanced (3D/4D) Visualization Systems Market report.
  • However, the extremely high cost of Advanced (3D/4D) visualization systems is a major factor that is projected to hamper the market growth of the Advanced (3D/4D) Visualization Systems Industry.

Advanced (3D/4D) Visualization Systems Market Revenue Share, By Geography, 2021 (%)

Advanced (3D/4D) Visualization Systems Market

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Advanced (3D/4D) Visualization Systems Market Segment Analysis – By Product Type

Based on Product Type, the Advanced (3D/4D) Visualization Systems market can be segmented into Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Position Emission Tomography (PET), Ultrasound and Others. The Ultrasound segment accounted for the largest share of the market in 2021 and is poised to grow at a CAGR of 4.3% during the forecast period 2022-2027. The rapid growth of the segment can be attributed to the relatively lower cost of 3D and 4D ultrasound imaging systems. Besides, the rising prevalence of breast cancer and surge in awareness levels regarding the importance of early diagnosis among the global population is further contributing to product adoption. The CT segment is also anticipated to witness robust growth at the highest CAGR during the forecast period 2022-2027 owing to the massive rise in the prevalence of respiratory illnesses after the COVID-19 pandemic. Chest CT scans are commonly used for monitoring the health of the respiratory systems during and after COVID-19 infection in individuals.

Advanced (3D/4D) Visualization Systems Market Segment Analysis – By Application

Based on Application, the Advanced (3D/4D) Visualization Systems market can be further segmented into Radiology, Oncology, Cardiology, Orthopedics, Neurology, Vascular, Diagnostic, Oral, Pneumology and Others. The Radiology segment accounted for the largest share of the Advanced (3D/4D) Visualization Systems market in 2021 with 4.5% and is projected to dominate the market during the forecast period 2022-2027. This can be attributed to the extensive usage of non-invasive imaging modalities by medical professionals in the radiology department. Radiology is a medical specialty that makes use of imaging to diagnose and treat various medical conditions. However, the Oncology segment is anticipated to witness the fastest growth at a higher CAGR during the forecast period 2022-2027. This rapid growth can be primarily credited to the rise in the prevalence of cancers among the global population.

Advanced (3D/4D) Visualization Systems Market Segment Analysis – By Geography

North America dominated the geography segment of the Advanced (3D/4D) Visualization Systems Market in 2021 with a share of approximately 38%. The rapid growth of the segment can be attributed to the presence of a highly developed healthcare infrastructure in the US and Canada. For instance, according to the International Society for Pharmaco economics and Outcomes Research (ISPOR), the US has one of the most complex healthcare systems in the world. The system is formed by intertwining relationships between providers, payers and patients receiving care. In addition, favorable reimbursement policies in the US and Canada also contribute to the growth of the North American segment.

The Asia Pacific region is anticipated to register the fastest growth during the forecast period 2022-2027 owing to the growth in healthcare infrastructure development projects in emerging economies such as China and India.

Advanced (3D/4D) Visualization Systems Market Drivers

Growing adoption of PACS is driving the market growth

Rapid rise in the adoption of PACS is projected to drive the market. The technology enables healthcare facilities to securely store and digitally transmit electronic images and reports generated by the advanced visualization systems used in the facility, thereby increasing the efficiency and security of data generated by advanced visualization systems. For instance, it has been found that the utilization rate of radiology services in hospitals increased by 43% after PACS implementation.

Rapid rise in the prevalence of chronic diseases is poised to increase the growth of the market

Growing prevalence of chronic conditions such as cardiovascular disorders, cancers, COPD and arthritis is projected to drive the market for advanced visualization systems during the forecast period as such equipment plays a crucial role in diagnosing these conditions. According to the World Health Organization (WHO), cardiovascular diseases are the leading cause of death globally, taking an estimated 17.9 million lives each year. Meanwhile, according to the Global Initiative for Chronic Obstructive Lung Disease (GOLD), COPD was the 3rd leading cause of death in 2020.

Advanced (3D/4D) Visualization Systems Market Challenges

High cost of 3D and 4D visualization systems is likely to challenge the market growth

The high cost of 3D and 4D visualization systems is projected to challenge market growth as the initial cost of the investment may be too high for healthcare facilities, especially in developing regions. For instance, although low-end ultrasound systems may only cost around $25,000, advanced ultrasound systems can cost end-user industries up to $250,000 per unit. The higher product price coupled with the relatively lower cost of medical imaging services in developing regions is hampering growth opportunities during the forecast period.

Advanced (3D/4D) Visualization Systems Industry Outlook

Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Advanced (3D/4D) Visualization Systems Market. In 2021, the Advanced (3D/4D) Visualization Systems Market share is fragmented by the top ten players present in the market. The Advanced (3D/4D) Visualization Systems Market, top 10 companies are:

  1. Carestream Health Inc,
  2. Fujifilm,
  3. Siemens,
  4. GE Healthcare,
  5. Philips Healthcare,
  6. CONMED Corporation,
  7. Toshiba Medical Systems,
  8. Qi Imaging,
  9. Vital Images,
  10.  TeraRecon

Recent Developments:

  •  In September 2020, Royal Philips announced the launch of its Azurion Lung Edition. This advanced 3D imaging and navigation system combines CT and X-ray to support image-guided lung procedures.
  • In April 2020, Canon Medical expanded the clinical capability and reach of its Alphenix 4D CT product range. The new combination pairs Alphenix Sky+ C-arm and hybrid table with Aquilion Prime SP.
  • In February 2019, Royal Philips announced the launch of an ultrasound system that combines 3D and 4D imaging technology. The system is designed to reduce vascular examination times and improve the assessment of babies during pregnancy.

Relevant Titles:

Report Code: HCR 0249

Report Code: HCR 0169

Report Code: HCR 0332 

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1. Advanced (3D/4D) Visualization Systems Market- Overview
    1.1 Definitions and Scope
2. Advanced (3D/4D) Visualization Systems Market- Executive Summary
3. Advanced (3D/4D) Visualization Systems Market – Landscape
    3.1 Company Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Share Analysis – Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. Advanced (3D/4D) Visualization Systems Market- Startup Companies Scenario Premium
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Advanced (3D/4D) Visualization Systems Market– Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Advanced (3D/4D) Visualization Systems Market Forces
    6.1 Market Drivers
    6.2 Market Constraints & Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Threat of substitutes
        6.3.3 Threat of new entrants
        6.3.4 Bargaining powers of Buyers
        6.3.5 Degree of Competition
7. Advanced (3D/4D) Visualization Systems Market– Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Advanced (3D/4D) Visualization Systems Market – By Product Type (Market Size –$Million/$Billion)
    8.1 Magnetic Resonance Imaging (MRI)
    8.2 Computed Tomography (CT)
    8.3 Position Emission Tomography (PET)
    8.4 Ultrasound
    8.5 Others
9. Advanced (3D/4D) Visualization Systems Market – By Application (Market Size –$Million/$Billion)
    9.1 Radiology
    9.2 Oncology
    9.3 Cardiology
    9.4 Orthopedics
    9.5 Neurology
    9.6 Vascular
    9.7 Diagnostic
    9.8 Oral
    9.9 Pneumology
    9.10 Others
10. Advanced (3D/4D) Visualization Systems Market- By End Users (Market Size –$Million/$Billion)
    10.1 Hospitals and Clinics
    10.2 Diagnostic Centers
    10.3 Academics and Research Centers
    10.4 Others
11. Advanced (3D/4D) Visualization Systems Market- By Geography (Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 South America
        11.2.1 Brazil
        11.2.2 Argentina
        11.2.3 Colombia
        11.2.4 Chile
        11.2.5 Rest of South America
    11.3 Europe.
        11.3.1 Germany
        11.3.2 France
        11.3.3 U.K
        11.3.4 Italy
        11.3.5 Spain
        11.3.6 Russia
        11.3.7 Rest of Europe
    11.4 Asia Pacific
        11.4.1 China
        11.4.2 Japan
        11.4.3 South Korea
        11.4.4 India
        11.4.5 Australia & New Zealand
        11.4.6 Rest of APAC
    11.5 Rest of the World
        11.5.1 Africa
        11.5.2 Middle East
12. Advanced (3D/4D) Visualization Systems Market- Entropy
13. Advanced (3D/4D) Visualization Systems Market– Industry/Segment Competition Landscape Premium 
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
    13.2 Competition Matrix
    13.3 Best Practices for Companies
14. Advanced (3D/4D) Visualization Systems Market– Key Company List by Country Premium Premium
15. Advanced (3D/4D) Visualization Systems Market Company Analysis
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.