Market
Highlights
Market Research
Future (MRFR) assessed the global medical
imaging market 2020 through the review period till 2025. MRFR study states
that the medical imaging market is expected to rise at 6.52% CAGR across the
forecast period. By 2025, the medical imaging market value can touch USD
45,719.65 Mn. Technological advancements in healthcare applications and
strategic agreements among top-notch tech companies and medical service
providing giants are causes that are expected to support expansion of the
medical imaging market in the years ahead. Improvements in point-of-care in
case of ultrasound systems, easy portability of magnetoencephalography (MEG)
brain scanners, and other revolutionizing trends in the diagnostic sector are anticipated
to contribute to the improving impetus of the medical imaging market. Medical
imaging solution providers are investing in innovations designed to offer accurate
imaging solutions at affordable price. This is expected to create lucrative
scope for the new players in the medical imaging market. However, surge in cost
of diagnostic image solutions and inability of healthcare organizations to purchase
expensive imaging systems due to economic disruption induced by COVID 19
pandemic can hinder the medical imaging market rise.
Segment
Analysis
The segment
study of the global medical imaging market are modality, end-user, and
application. The modality-based segments of the medical imaging market are magnetic
resonance imaging (MRI), x-ray systems, ultrasound systems, and nuclear imaging,
and computed tomography (CT). The application-based segments of the global
medical imaging market are cardiology, neurology, and oncology among others. The
end-user-based segments of the medical imaging market are hospitals and
clinics, academic institutes, diagnostic centers, and research organizations.
Imaging systems
play pivotal role in diagnosis, and subsequent designing of correct and
effective prognosis regimen. The increasing need for medical imaging systems in
diagnosis, choice of treatment, and monitoring progress, is resulting in strategic
joint ventures between reputed players to generate decent revenue. In addition,
hike in research and development undertakings for advancements in imaging
devices and growing awareness about new diagnostics solutions to detect fatal
disease at early stage are creating scopes for emerging players to capitalize,
for generating decent resources. Lack of trained professionals and financial
strap on healthcare organizations are some issues hindering sales of medical imaging
systems.
Regional
Analysis
The Americas,
Europe, Middle East and Africa, and Asia-Pacific are regions that are assessed
under the geographic analysis of the medical imaging market. As per MRFR study,
the Americas medical imaging market can dominant the global market in review tenure.
The presence of numerous medical imaging system suppliers and growing prevalence
of chronic diseases can prompt the regional market in the review period. The
surge in funding by medical and technical organizations for research can
benefit the market in the coming period. The rise in number of diagnostic tests
and increase in research undertaking on cancer can bolster the regional medical
imaging market growth.
In Europe, the
medical imaging market is expected to earn decent value through the forecast term
due to the presence of different favorable government laws and initiatives. The
existence of a large population base suffering from lifestyle-associated
conditions, and high rate of adoption imaging devices are other causes that can
influence Europe medical imaging market in the approaching years.
In Asia Pacific,
the medical imaging market can expand at high CAGR across the study tenure 2019
to 2025. Increase in capita health spending, developing healthcare sector
across India, and Australia, growing older population base, and the presence a robust
regulatory framework that aid in accelerated diagnostic process and product
approvals at comparatively lower prices are some of the crucial factors that
are identified to support APAC medical imaging market by 2025.
In the Middle
East and Africa, the medical imaging market can rise at a modest pace from 2019
to 2025. The medical imaging market in Middle East can hold considerable market
share through the assessment period. The developing medical infrastructure and
surge in cases of medical tourism are causes that can earn profit for the medical
device industry.
Key
Players
Market Research
Future (MRFR) recognizes some of the top-notch players in the medical imaging
market. They are; Esaote S.p.A (Italy), Koninklijke Philips N.V. (Netherlands),
Hitachi Ltd (Japan), FUJIFILM Holdings Corporation (Japan), Medtronic PLC
(Ireland), Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China), Analogic
Corporation (US), Koninklijke Philips N.V., Siemens AG (Germany), Hologic, Inc.
(US), Samsung (South Korea), Shimadzu Corporation (Japan), Carestream Health
(US), CMR Naviscan (US), Canon Medical Systems Corporation (Japan), and General
Electric Company (US),
Read more @ https://www.marketresearchfuture.com/reports/medical-imaging-market-1995
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