Medical Imaging Market Will Reach USD 33.08 Bbillion by 2030
Global Medical Imaging Market report provides CAGR value fluctuation during the forecast period of 2023-2030 for the market. A market research conducted in this report aids in improving and modifying the products so that future products present more satisfaction to the valuable customers. Competitor analysis is a vital aspect of any market research report which focuses on strong and weak points of the competitors and also analyses their strategies with respect to product and market. Global Medical Imaging Market research report draws attention to key market dynamics of the sector. It is a thorough investigation of current scenario of the global market, which covers several market dynamics.
Data Bridge Market Research analyses that the medical imaging market, valued at USD 21.24 billion in 2022, will reach USD 33.08 billion by 2030, growing at a CAGR of 5.69% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Medical imaging refers to techniques for generating images of the human body (or particular body parts) for various clinical applications, such as procedures and diagnoses, as well as medical science, which includes the investigation of typical anatomy and function. This category of biological imaging includes radiography, endoscopy, thermography, medical photography, and microscopy in a more general sense. Medical imaging includes measurement and recording methods such as electroencephalography (EEG) and magnetoencephalography (MEG), producing data visualized as maps rather than images.
Market Definition
The term “medical imaging” refers to several different technologies used to view the human body to monitor, diagnose, or treat medical conditions. Each type of technology offers specific information about potential illnesses, damage to the body part being studied or treated, or the effectiveness of medical treatment. Through the visual representation of tissues and organs, medical imaging aims to represent the body’s interior for clinical diagnosis and medical intervention.
Restraints/Challenges
- Less adoption of advanced imaging equipment limits the growth
Factors include decreased imaging volumes, economic hardships resulting in less adoption of advanced imaging technology, staff reductions at radiology centers and hospitals, and a rise in teleradiology services. Additionally, computer vision is used to identify invisible diseases to the human eye. Despite technical advancements and a rise in the use of sophisticated imaging tools, the market experienced a decline. However, the market expansion is constrained by the high cost of medical diagnostic/imaging devices and the unfavorable reimbursement environment of advanced imaging equipments.
- Hospital’s selective behavior limits the expansion
The hospital’s selective behavior regarding the procedures carried out to prevent cross-infection to the patient and the medical staff negatively impacts the market. Hospitals avoided routine checkups and follow-ups to reduce the risk of disease transmission and only dealt with severe cases. As a result, orthopedic patients are used in imaging procedures less frequently. The rising risk of patients scanned using the same imaging equipment as the other infected patients have severely restricted the market’s growth.
This medical imaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical imaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2022, Nordisk Rontgen Teknik will be acquired by Canon Medical System, according to the announcement. A renowned manufacturer of diagnostic X-Ray systems is Nordisk Rontgen Tetnik. The company’s ability to operate globally in the X-ray industry has been aided by this acquisition.
- In 2022, Siemens Healthineers presented its new MANGETOM free star and NAETOM alpha in MRI and CT pipelines at the 74th National Conference IRIA 2022 in Bengaluru. As, they offered cutting-edge medical imaging technology, these products assisted the business in growing its customer base.
- In 2021, The state-of-the-art, wireless Vscan AirTM pocket ultrasound from GE Healthcare offers doctors brilliant image quality, whole-body scanning capabilities, and user-friendly software.
- In 2021, Esaote North America has made the MyLab X8 Ultrasound System available in Canada. The MyLab X8 premium imaging system offers a full range of features, integrates the most recent technological advancements, and produces images of higher quality without sacrificing productivity or efficiency. In the past, the FDA in the United States had approved it.
Some of the major players operating in the medical imaging market are:
- Koninklijke Philips N.V. (Netherlands)
- RamSoft, Inc. (Canada)
- InHealth Group (U.K)
- Siemens Healthcare GmbH (Germany)
- Sonic Healthcare Limited (Australia)
- GE HealthCare (U.S)
- Akumin Inc. (U.S)
- Hologic Inc. (U.S)
- Shimadzu Corporation (Japan)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
- CANON MEDICAL SYSTEMS CORPORATION (Japan)
- ZEISS (Germany)
- FUJIFILM Corporation (Japan)
- Hitachi, Ltd. (Japan)
- Carestream Health (U.S)
- UNILABS (Switzerland)
- ONRAD, Inc. (U.S)
- Narang Medical Limited (India)
- Johnson & Johnson Services, Inc (U.S.)
- BD (U.S.)
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Medical Imaging Market Scope
Procedure
- X-Ray Imaging
- Digital
- Direct Digital Radiology
- Computed Radiology
- Analog
- Computed Tomography (CT) Scan
- Magnetic Resonance Imaging (MRI)
- Ultrasound
- 2D Ultrasound
- 3D ultrasound
- Others
- Nuclear Imaging (SPECT/PET)
- Mammography
- Molecular Imaging
- Others
Technology
- Direct Digital Radiology
- Computed Radiology
Modality
- Stationary
- Portable
Patient type
- Adults
- Pediatric
Application
- General Imaging
- Thoracic
- Cardiology
- Obstetrics
- Orthopaedics and Musculoskeletal
- Neuro and Spine
- Pelvic and Abdominal
- Oncology
- Radiography
- Fluoroscopy
- Gynaecology
- Breast Health
- Urology
- Musculoskeletal
- Dental
- Others
End Users
- Hospitals
- Diagnostic Centers
- Imaging Centers
- Specialty Clinics
- Ambulatory Surgical Centers
- Academic and Research Institutes
- Others
Report Coverage:
• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.
This Market Intelligence Report Analyses Some of the Most Crucial Concerns:
- How will the major segments of this international market develop over the next few years?
- Who are the major players that will dominate the market in the future?
- When it comes to this industry, who are the top suppliers and producers?
- How have the most successful companies in the industry planned for future growth and expansion?
- In what sectors might we expect to see the greatest increase in demand over the coming years?
- How many distinct subsets of buyers make up this market?
- Which regional powerhouse do you foresee as becoming the largest player in the international market?
- Does a new coronavirus pandemic have any consequences?
- In what ways are established actors stymied by the entry of newcomers, and how may they be overcome?
Browse the complete table of contents at – https://www.databridgemarketresearch.com/toc/?dbmr=global-medical-imaging-market&shri
Investing in this study would grant you access to valuable information, including:
- Comprehensive coverage of the Industry, both globally and broken down by region.
- Regional-level breakdowns of the market, including North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
- Country-specific market size splits for the most important countries with major market shares.
- Market share and revenue/sales data for the industry’s leading players.
- Analysis of market trends such as emerging technologies, products, and start-ups, as well as PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, and more.
- Detailed market size data, including breakdowns by application/industry verticals.
- Projections and forecasts for the market’s future growth and development.
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