Medical imaging is defined as a technique and process that can create visual representations of the interior of a body that can be used for clinical analysis and medical intervention. Via medical imaging, the visual representation of the function of some organs or tissues (physiology) can also be created. A new report on the global medical imaging market, published by Market Research Future (MRFR), estimates that this market can mark success at 6.5% CAGR between 2018 and 2023.
The most important market driver for the global medical imaging market growth is increasing the prevalence of cardiac disorders and neurological disorders. Hence, the demand for imaging services is rising. Other factors driving the market growth include increasing investments from public-private organizations, expanding funds for medical research & development (R&D), increasing role of technology in medical sector, rising prevalence of cancer, introduction of new medical devices as well as gadgets, increasing preference for minimally invasive treatments, and rising number of diagnostic imaging centers. However, high-cost medical imaging devices and backward healthcare systems in some countries can hinder the market growth.
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Market Segmentation
The Global Medical Imaging Market Trends is segmented based on product type, application, end-user, and region. By product type, the market is segmented into magnetic resonance imaging (MRI), X-Ray imaging systems, ultrasound imaging systems, nuclear imaging systems, and computed tomography (CT) scanners. The MRI segment is sub-segmented into low to mid-field MRI systems, high and very high field MRI systems, and ultra-high field MRI systems. Other sub-segmentations of key segments are provided in the report.
By application, the market is segmented into product type, and then further segmented by applications for each product type. Key segments include MRI systems, CT scanners, nuclear imaging systems, X-ray imaging systems, and ultrasound imaging systems. ultrasound systems are further segmented into obstetrics, general imaging, cardiology, urology, vascular, and others. Further sub-segmentation can be found in the report.
By end-user, the market is segmented into hospitals & clinics, research & academic institutes, diagnostic imaging centers, and others.
Regional Outlook
On the basis of region, the global market for medical imaging has been segmented into four key regions, which include Americas, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). North America currently accounts for a significant share of the market and is likely to remain highly attractive over 2022. Meanwhile, Europe and APAC are other two important market for medical imaging. The latter is expected to exhibit a noteworthy growth in the forthcoming years.
Competitive Landscape
The medical imaging market is supported by surge in cancer cases, well-defined funding for research and development projects, growing advances in progressive diagnostic devices, and focused research activities in oncology. The population growth around the world and increasing demand of medical imaging market based services and products also support the market growth. However, the medical imaging market growth can be affected due to inability of healthcare organizations to purchase expensive imaging systems, poor operational environment in some countries, and lack of funding. The report covers all such details which will help companies in the medical imaging market to strengthen their business plan and improve their product portfolio. The medical imaging market research report also provides company profiles of major companies. The company profile of organizations operating in the medical imaging market discusses strategies, growth plans, size, revenue, and mergers and acquisition details of top companies in the medical imaging market. New entrants and established players can plan their strategies based on this data provided in the medical imaging market research report.
LIST OF TABLES
TABLE 1 LIST OF ASSUMPTIONS 26
TABLE 2 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS 29
TABLE 3 GLOBAL MEDICAL IMAGING MARKET, BY MODALITY, 2020−2027 (USD MILLION) 47
TABLE 4 GLOBAL MEDICAL IMAGING MARKET FOR X-RAY SYSTEMS, BY REGION, 2020−2027 (USD MILLION) 48
TABLE 5 GLOBAL MEDICAL IMAGING MARKET FOR MRI SYSTEMS, BY REGION, 2020−2027 (USD MILLION) 48
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