3D medical imaging market is expected to grow with a healthy rate in the forecast period. Global 3D medical imaging market was valued over USD 6.5 Billion in 2018 and is projected to be worth nearly USD 12.6 Billion expanding at a CAGR of 9.8% from 2019 to 2025. The 3D medical image provides information for 3D volume calculation, measurement, and quantitative analysis. 3D technology merged with medical imaging enables to take cross-section slices and combined them into a concise 3D visual of the area being scanned. Certain 3D display technologies currently under development can display these images with resolutions as high as 80,000 voxels (volumetric pixels), a factor of 10x higher resolution than commercially available 2D displays.
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Continuous development in features, image quality and function are one of the major factors driving the growth of the market. Disadvantages with the 2D imaging have been replaced by 3D imaging that enables medical experts to view the abnormality in the human body. Rising research activities for the advancement of 3D imaging devices are also fuelling market growth. Moreover, the rising prevalence of chronic disease and sport-based injuries is also fueling the 3D medical imaging market. 3D imaging proven to be helpful in the precise detection of abnormalities developed by chronic disease such as cancer tumor, additionally 3D imaging enables to see the impact of the injury happened by road accidents or sport based injuries. On the other hand, the high cost associated with the devices and lack of skilled personnel can hamper the growth of the market. However, rising awareness about chronic diseases and early diagnosis of the disease will provide better opportunities to the market.
Segment Wise Performance of “3D Medical Imaging Market”
3D medical imaging market is segmented based on product type and end user. Based on the product type 3D medical imaging market is segmented into MRI 3D Images, ultrasound 3D Images and other. Ultrasound 3D Images lead the segment owing to the most frequent use in the physical examination centers and hospitals. On the basis of end-user 3D medical imaging market is segmented into hospital, physical examination center and other. Physical examination center dominates the segment, owing to easy accessibility and less requirement of hospital stay.
The United States Accounted for the Highest Market Share
Geographically, 3D medical imaging market is segmented into North America, Europe, Asia Pacific and RoW. Among these North America dominates the market and expected to stay on top in the forecast period, followed by Europe. The U.S accounted for the highest market share. Well established healthcare infrastructure and the presence of leading medical imaging companies are contributing to the growth of the market in this region. Furthermore, the rising number of diseases coupled with a high expenditure of U.S citizens on healthcare are also some of the influential factors responsible to drive the growth of 3D medical imaging market in this region. Asia Pacific is expected to grow at the fastest rate over the forecast period owing to the development of healthcare facilities, increasing government initiatives and growing medical tourism in APAC countries. Japan has the highest market share in the 3D medical imaging market owing to the presence of digital companies catering to 3D medical imaging devices.
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Some of the major key players in the market are GE Healthcare, Siemens AG, Shimadzu Corporation, Koninklijke Philips N.V, Carestream, Toshiba Medical System Inc., Ziehm Imaging Inc., Aribex Corporation, Varian Medical Systems, Samsung Medison Co., Ltd., and others. GE Healthcare and Toshiba Medical System Inc. are the leading medical imaging device manufacturer in the global market.
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