Every year, cardiovascular diseases (CVDs) kill 17.9 million people, while cancer carries an annual mortality of 9.6 million, as per the World Health Organization (WHO). Other common chronic diseases with a high burden of morbidity and mortality are asthma, chronic obstructive pulmonary disease (COPD), Alzheimer’s, Parkinson’s, and a host of musculoskeletal conditions, such as atrophy and dystrophy, osteoporosis, osteopetrosis, and osteopenia. The effective diagnosis and treatment of these diseases require medical imaging, so that the doctor can take a peek inside the body to see what is really happening.
Thus, P&S Intelligence credits the increasing volume of medical imaging studies while forecasting an 11.3% CAGR for the advanced visualization market between 2017 and 2023. At this rate, the worth of the sales of such solutions will likely rise to $3,843.8 million by 2023. This is because such solutions are used by radiologists and doctors for a better look at the pictures generated by various diagnostic imaging modalities. Advanced visualization solutions essential help in the storage, sharing, transfer, and interpretation of diagnostic images, as well as in the real-time monitoring of the interior human anatomy.
Thus, a key reason for the rising volume of medical imaging tests and, in turn, the procurement rates of such solutions, is the increasing awareness of the early diagnosis of diseases. The outcomes for patients suffering from many chronic diseases, such as cancer and CVDs, often depend on how far advanced the disease is. Therefore, catching them as early as possible becomes important because beyond a certain point, the disease becomes incurable. For instance, stage 4 cancer, which is characterized by metastasis (spread of the tumor from the original site to other places inside the body), is mostly terminal.
Due to such technological enhancements, North America is the largest advanced visualization market presently. Driven by its developed healthcare infrastructure and affordability of the services as a result of people’s high disposable income and favorable reimbursement scenario, the continent accounts for one of the highest volumes of medical imaging studies in the world. Additionally, the rising geriatric population here is pushing up the incidence of chronic diseases, which is leading to the incorporation of advanced visualization solutions by the medical facilities in the region.
