Advanced Visualization Market to Hit USD 6.55 Billion by 2029 with 11.7% CAGR | MarketsandMarkets

DELRAY BEACH, Fla., Oct. 31, 2024 /PRNewswire/ -- The global Advanced Visualization market is expected to grow to USD 6.55 Billion by 2029, up from USD 3.78 Billion in 2024, at a CAGR of 11.7% over the forecast period. The market for advanced visualization solutions is expanding rapidly owing to a number of factors. The growing focus on value-based care, increasing establishment of hospitals & diagnostic imaging centers, the surging demand for AI & data analytics for diagnostics & imaging, and the emerging economies like China, India, Brazil, South Korea, etc. offer lucrative opportunities for the growth of the market. However, the shortage of skilled professionals to operate visualization tools, and the hospital budget cuts are some of the factors that challenge market growth.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=111936030

Browse in-depth TOC on "Advanced Visualization Market"

455 - Tables
54 - Figures
386 - Pages

Artificial Intelligence (AI) and Machine Learning (ML) are revolutionizing advanced visualization by enabling advanced data analysis, pattern recognition, and predictive modelling, which are crucial for early disease diagnosis to improve diagnostic efficiency & accuracy. Companies are investing in leveraging AI & ML across their product lifecycles. Augmented reality is another technology being integrated with advanced visualization tools to enhance the visualization capabilities. For instance, in June 2024, GE Healthcare and MediView announced the world's first installation & clinical use of  OmnifyXR Interventional Suite, an augmented reality-based interventional radiology suite combines a holographic heads-up display streaming live medical imaging, 3D anatomy model visualization and advanced imaging technologies.

The global advanced visualization market is segmented into enterprise-wide thin client-based and standalone workstation-based solutions, by type. The enterprise-wide thin client-based solutions segment is accounted for the largest share & is also expected to register highest growth during the forecast period. The large share & high growth of this market is driven by the their scalability, cost-effectiveness, and access high-quality imaging and analysis tools from any location using a simple device like a laptop or tablet. Thin-client solutions enable centralized management, allowing healthcare networks to efficiently deploy and maintain advanced visualization tools across multiple locations without the need for costly high-powered workstations. a. Its ability to integrates various imaging modalities and advanced software solutions to enhance diagnostic accuracy across healthcare systems further fuels the market growth.