Which is the Key Factor Driving the Medical Imaging Systems market?
The major factors driving the growth of medical imaging market is the increasing demand for early-stage diagnosis of chronic disease, and the rising aging demographics. The development of portable ultrasound devices is expected to expand the applications of this modality in ambulatory as well as emergency care. The presence of a large number of industry players and the high frequency of new types of medical imaging product launches within the region are the factors contributing to the market growth.
Medical imaging equipment is defined as the robust technology that creates a visual representation of the interior of a body. The images are used for clinical analysis and medical intervention. Medical imaging is increasingly used as visual representation of the function of some organs. Importance of medical imaging has risen over the last three decades to reveal internal structures hidden by the skin and bones. Primarily, it is used to diagnose and treat disease.
With increase in auto-immune disease such as Cancer, Anemia and other chronic diseases along with ever-growing geriatric population across the globe is driving the importance of medical diagnostic imaging technology. They are used as a database of normal anatomy and physiology to point out abnormalities in the human body. Although imaging of removed organs and tissues can be performed for medical reasons, such procedures are usually considered part of pathology instead of medical imaging. Measurement and recording techniques such as electroencephalography (EEG), magnetoencephalography (MEG), and electrocardiography (ECG), are not primarily designed to produce images.
Medical imaging devices segmentation is based on the process of automatic or semi-automatic detection of boundaries within a 2D or 3D image. The best way to produce digital imaging systems is the high variability in medical images. Medical Imaging is separated into different forms of technologies including X-ray, CT, MRI, microscopy, PET, SPECT, Endoscopy, OCT, and many more. These all are used to create medical images for specific purposes. These top imaging systems are critical for obtaining diagnostic insights, thus to plan a specific treatment plan for patients. Possible applications of medical imaging are automatic measurement of organs, cell counting, or simulations based on the extracted boundary information.
Based on end users, the diagnostic imaging equipment market is segmented into hospitals, diagnostic imaging centers, medical labs and research centers. The hospitals segment commanded the largest share of the global diagnostic imaging market in 2019. The hospital segment has accounted for the largest market share due to the rising number of diagnostic imaging procedures performed in hospitals, and increasing patient pool. Up-gradation and up-scaling of existing medical equipment has been the primary focus of hospitals and clinics in development economies. However, service charges in developed countries are more than 1000 times higher as compared to developing countries.
How much is the Medical Imaging Market Worth?
The global Medical Imaging Systems market is expected to value at $31.92 billion in 2025 and will grow at a CAGR of 7.2% over the forecast period of 2020 to 2025.
Who are the leading players in medical digital imaging systems market?
The top medical imaging companies are GE Healthcare, Siemens Healthineers, Koninklijke Philips N.V., Canon Medical Systems Corporation, Hitachi Medical Systems, Carestream Health, Inc., Exo Imaging, Inc., NeuroLogics (Samsung), Hologic, Inc. and CurveBeam LLC.