The Global Medical Market will expand at a compound annual growth rate (CAGR) of 6.5% between 2018 and 2023, finds Market Research Future (MRFR). Medical Imaging technology has consistently evolved and diversified in recent years. Imaging technologies are making a significant contribution in improving healthcare. Demand for medical imaging services is on the rise due to growing incidence of neurological and cardiac issues. The data released by Health Policy Commission revealed that there was more than 3% rise in MRI services performed from 2012 to 2015.
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Introduction of improved reimbursement policies and increase healthcare spending in some of the factors having an influence on the global medical imaging market. In addition, growing number of public-private healthcare entities, increased incidence of cancer, development of novel minimally invasive treatment, and mushrooming of diagnostic imaging centres are other factors supporting the market growth.
Medical Imaging Market – Competitive Analysis
- Carestream Health
- Fonar Corporation
- Hitachi Ltd.
- Hologic Inc.
- Narang Medical Limited
- Shimadzu Corporation
- Toshiba Corporation
- Esaote S.P.A
- General Electric Company
- Fujifilm Holdings Corporation
- Siemens AG
- Koninklijke Philips N.V.
- Samsung Medison
are among the top-rated companies operating in the Global Medical Imaging Market.
- Advantis, a Greek-based medical imaging start-up is developing a unique imaging software technology. The company recently unveiled a neuroimaging software called Brainance MD, which displays, processes and analyses brain scans. The product is accessible through the internet, which significantly expands is global reach.
- Osimis, a Belgium-based start-up has reported raised €2.3 million. The fund will be channelized towards its collaborative medical imaging software.
Medical Imaging Market – Segmental Overview
MRFR’s analysis of the Global Medical Imaging Market includes a detailed segmental outlook based on application, product type, end-user and region.
By application, the market has been segmented into CT scanners, X-Ray imaging systems, MRI systems, ultrasound systems and nuclear imaging systems. The MRI systems segment covers breast MRI, pelvic and abdominal MRI, spine and musculoskeletal MRI, vascular MRI, cardiac MRI and brain and neurological MRI. The CT scanners segment covers abdominal MRI, oncology, cardiology, pelvic and others. The nuclear imaging segment covers neurology, cardiology, oncology and others. The X-ray imaging systems covers dental, general radiography, mammography and others. The ultrasound systems segment covers radiology/general imaging, urology, obstetrics/gynecology, vascular, cardiology and others
On the basis of product type, the market has been segmented into magnetic resonance imaging (MRI), ultrasound imaging systems, X-Ray imaging systems, nuclear imaging systems, and Computed Tomography (CT) scanners. The magnetic resonance imaging (MRI) segment covers ultra-high-field MRI systems (7T and above), low-to-mid-field MRI systems (<1.5T), and high- and very-high field MRI systems (1.5T to 6T). The ultrasound imaging systems segment covers doppler imaging, 3D and 4D imaging systems and 2D imaging systems. The X-Ray imaging systems segment covers analog imaging and digital imaging (computed radiography and direct radiography.) The nuclear imaging system segment covers hybrid pet systems and spect systems (standalone spect systems and hybrid spect systems). The computed tomography (CT) scanners segment covers low-slice CT scanners, mid-slice CT scanners and high-slice CT scanners.
Medical Imaging Market – Regional Segmentation
Based on region, the market has been segmented into Asia Pacific (APAC), the Middle East & Africa (MEA), Europe and Americas (North America and South America.) In North America, the market has been covered across the US and Canada. For Europe, market has been assessed in both eastern and western parts of the regions. The West European market, which has a higher significance covers Spain, Italy, the UK, France, and Germany. The APAC Medical Imaging Market has been segmented into China, Japan, Australia, Republic of Korea, India and Rest of Asia Pacific. The Middle East & Africa region is also covered in detail.
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