Global Medical Imaging Phantoms Market Opportunity Assessment To Reveal Profitable Avenues For Players : Fact.MR

Medical imaging phantoms are devices that are mainly used in the evaluation and analysis of medical imaging devices such as MRI scanners, CT scanners, etc. Medical imaging phantoms provide better and more consistent results than other objects such as live samples or cadavers.

The global medical imaging phantoms market size is expected to expand at a steady CAGR of nearly 4% over the forecast period of 2020-2030.

Fact.MR’s study shows that, medical tourism and increased awareness of radiology studies have proven to boost the market, especially in the Asia Pacific region. Other aspects of market growth are stable government support to increase healthcare activities and better reimbursement policies related to the medical sector, especially in the North American region. Overall, the value of the medical imaging phantoms market is predicted to reach a valuation of over US$ 200 million by 2030.

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Key Trends of Medical Imaging Phantoms Market

• The dominant product in the medical imaging phantoms market is X-ray/fluoroscopy phantoms, accounting for 30% of the total market.
• Hospitals are the key end users of medical imaging phantoms, accounting for around 40% of the market share.
• The market in Asia is expected to witness the fastest growth at a CAGR of 3.6%, based on exponential increase in the population in the region.
• North America is the leading region holding 30% of the total market share, and is expected to maintain its supremacy over the long-term forecast period.

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Medical Imaging Phantoms Market: Segmentation

Fact.MR has studied the medical imaging phantoms market with detailed segmentation on the basis of type, end-user, and key regions.

Type

• X-ray/Fluoroscopy Phantoms
• CT Phantoms
• Ultrasound Phantoms
• Nuclear Imaging Phantoms
• MRI Phantoms

End User

• Academic and Research Institutes
• Hospitals
• Diagnostic and Reference Laboratories
• Medical Device Companies

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Development of Technologically-advanced Medical Imaging Phantoms with Enhanced Accuracy

Medical imaging phantoms come at a high cost, which is a restraint for the market. Therefore, 3D printing technology is being used by key players such as Gold Standard Phantoms, Pure Imaging Phantoms, and PTW Freiburg, for the development of low-cost medical imaging phantoms. Phantoms developed via a 3D printer present a much realistic image of tissues and organs produced by various imaging modalities. Thus, these advanced phantoms have proven to be an important driver for the market.

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