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(MoneyNewsWire.Net, January 25, 2018 ) The Middle East and Africa Advanced Visualization Market was worth $ 0.15 billion in 2016 and estimated to be growing at a CAGR of 9.483%, to reach $ 0.24 billion by 2021. Advanced Visualization (AV) refers to 3D and 4D viewing and analysis software for postprocessing of images in the body from imaging apparatus. The healthcare systems across the world issuing imaging scans, there is a huge need for Advanced visualization (AV) solutions that enable clinicians to efficiently visualize and analyse examination results.
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Advanced visualization solutions play a vital role in healthcare organizations as they are used in several imaging modalities as well as clinical areas and are widely adopted in hospitals and diagnostic centres. AV systems include hardware and software applications used in advanced 3D or 4D processing of data acquired by CT, MRI, PET, conventional nuclear medicine and ultrasound.
The market over the world is witnessing growth due to factors such as technological advancements in Advanced Visualization software such as integration of PACS & AV tools, improved diagnostic interpretation with AV tools, rising frequency of target diseases, and rising demand for advanced diagnostic procedures. However, some factors may restrain the market growth such as limited medical reimbursements, technical limitations related with present advanced visualization analysis.
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The Advanced visualization market is broadly categorised by Product and Services, by Solution, Imaging Modality, by Clinical Application, by End user. Product and services is further segmented by Hardware, Software and services. Solution is segmented into enterprise-wide thin client-based solutions and stand-alone workstation-based solutions. Imaging Modality is segmented into Magnetic Resonance Imaging (MRI), Computed Tomography (CT), Positron Emission Tomography (PET), Ultrasound, Radiotherapy (RT), Nuclear Medicine, Others (PET and SPECT). Clinical application is segmented into Radiology, Orthopedics, Cardiac, Neurology, Oncology, Vascular, Neurology and Others. End user is further segmented to Hospitals and Surgical Centres, Imaging Centres, Academic and Research Centres and Others.
The market has been geologically divided into Middle East and Africa. The private companies play a key role in funding the healthcare sector in Africa, with more than 50% of the investment being undertaken by them. The Advanced Visualization market is growing slowly because of many problems the region faces, in terms of battles and also, the unstable economy. However, countries like the USA, China and UK are investing in the region and this increased financial revenue will aid the healthcare sectors in this region. The Middle East and Africa has a share of 8% of the Global Visualization market.
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Some of the major companies dominating the market, by their products and services include General Electric Company (U.S.), Canon Inc, Siemens AG (Germany), Koninklijke Philips N.V. (Netherlands), Fujifilm Holdings Corporation (Japan), Toshiba Corporation (Japan), Terarecon, Inc. (U.S.), Carestream Health, Inc. (U.S.), Pro Medicus Limited (Australia), Ziosoft (Japan), Agfa-Geveart N.V. (Belgium), and Qi Imaging, LLC (U.S.).
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