Growing preference for digital platforms, rising prevalence of various diseases, and increasing adoption of Medical Envisioning Workstations are key factors fueling market growth
The global Medical Envisioning Workstations market size is expected to reach USD 2.14 billion by 2028 and register a CAGR of 9.2%, according to the latest report by Reports and Data. Growing adoption of Medical Envisioning Workstations and rising prevalence of diabetes, cancer, stroke, and cardiovascular disorders are a few key factors boosting global market revenue growth.
Medical Envisioning Workstations have become an important part of diagnostic centers and healthcare systems in recent years. These systems have inbuilt software which automates the entire process and helps in diagnosing various types of diseases and reducing manual workflow. Technological developments in medical envision systems, such as 3D and 4D, have increased demand for Medical Envisioning Workstations globally. Increasing investments by market players and governments to support product development, commercialization of products, and growing inclination toward digital platforms are some key factors boosting market revenue growth. Moreover, favorable reimbursement scenarios for preventive diagnosis and increasing number of outpatient and ambulatory envision facilities are further boosting market growth. Besides, various market players are investing in RD activities to develop and launch advanced products and strengthen their market position, which is expected to create new growth opportunities.
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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.
Key companies profiled in the report include:
General Electric Company (US), Koninklijke Philips N.V. (Netherlands), Siemens AG (Germany), Fujifilm Holdings Corporation (Japan), Canon Medical Systems Corporation (Japan), Carestream Health (US), Hologic (US), Carl Zeiss Meditec AG (Germany), Accuray Incorporated (US), Capsa Healthcare (US), Ampronix (US), Medicor Envision (US), NGI Group (France), Alma IT Systems (Spain), and Pie Medical Envision (Netherlands)
Market Segmentation by Types:
Modality Outlook (Revenue, USD Billion, 2018 - 2028)
- Magnetic Resonance Envision (MRI)
- Computed Tomography (CT)
- Ultrasound
- Mammography
- Other Modalities
- X-ray
- Angiography
- Radiotherapy
- Nuclear Envision Systems
Component Outlook (Revenue, USD Billion, 2018 - 2028)
- Visualization Software
- Display Units
- Display Controller Cards
- Central Processing Units
Usage Mode Outlook (Revenue, USD Billion, 2018 - 2028)
- Thin Client Workstations
- Thick Client Workstations
Application Outlook (Revenue, USD Billion, 2018 - 2028)
- Diagnostic Envision
- Clinical Review
- Advanced Envision
Clinical Specialty Outlook (Revenue, USD Billion, 2018 - 2028)
- Oncology
- Cardiology
- General Envision/Radiology
- Obstetrics and Gynecology
- Orthopedics
- Mammography
- Urology
- Other Clinical Specialties
- Hepatology
- Neurology
- Dentistry
- Bariatric Surgery
- Respiratory Care
- Emergency Care
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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Medical Envisioning Workstations market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
Some key highlights in the report:
- Among component segments, the display units segment is expected to account for fastest revenue growth throughout the forecast period. Fast revenue growth is attributed to rapid adoption of medical display units towing to its enhanced ability to provide better display systems.
- Based on usage mode, the thin client workstations segment is expected to account for substantial revenue growth during the forecast period owing to factors such as increasing need for early and accurate diagnosis of diseases and easy setup.
- Among the application segments, the advanced envision segment is projected to account for large market share between 2021 and 2028 due to several benefits offered by these systems such as high quality of images and low possibilities of duplicate envision.
- North America is expected to dominate other regional markets in the global Medical Envisioning Workstations market during the forecast period. Factors, such as availability of high funds for research and development activities, increasing investments by private and public sectors, and presence of robust market players, are fueling market growth in this region.
- Asia Pacific is expected to register fastest CAGR over the forecast period which is attributable to factors including growing demand for advanced envision, high investments by market players and government for RD activities, and increasing cases of chronic disorders considering large population pool.
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