What is medical imaging?
Medical imaging refers to several different technologies that are used to view the human body in order to diagnose, monitor, or treat medical conditions.
What is the market size of medical / diagnostic imaging?
According to the report published by Allied Market Research, the global medical/diagnostic imaging market garnered $38.5 billion in 2020, and is expected to reach $68.8 billion by 2030.
- CAGR: 5.8%
- Current Market Size: USD 38.5 Billion
- Forecast Growing Region: APAC
- Largest Market: North America
- Projection Time: 2020– 2030
- Base Year: 2019
- Report Key Pointer: COVID-19 Outbreak & Impact
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Is medical imaging same as radiology?
Practitioners of radiology are called radiologists, and they utilize imaging technology in the diagnosis and treatment of patients. Medical imaging is a technology which is used by radiologists, particularly for diagnostic purposes.
COVID-19 Outbreak & Impact:
The Covid-19 pandemic made a positive impact on the growth of the medical/diagnostic imaging market as the demand for CT scanners, MRI scanners, and X-ray imaging devices surged considerably to determine the level of infection.
A huge number of clinics and hospitals across the globe were restructured to cope with rise in demand for scans and provide improved healthcare facilities.
The Coronavirus episode adversely affected the development of the clinical imaging market size as most emergency clinics were not working because of Coronavirus and the continuous lockdowns in numerous nations. The spread of Coronavirus prompted significant general medical problems. In any case, an enormous number of centers andhospitals across the globe were rebuilt to build the medical clinic ability to give better medical services office. In Coronavirus pandemic, the elective imaging administrations and wandering imaging dropped for some time. Additionally, a few strategies were refreshed in radiology division and clinics with respect to technologist, PPE accessibility, and Coronavirus testing.
Get detailed COVID-19 impact analysis on the Medical Imaging Market-
Key Findings of Study
- On the basis of product type, the X-ray imaging systems segment was the highest contributor to the medical imaging market in 2020.
- By application, the cardiovascular and thoracic segment was the highest contributor to the medical imaging market in 2020.
Ascend deprived for the purpose in care imaging framework, expanded interest for upgraded optical pictures for further developed conclusion of illnesses and problems, and ascend in rate of constant sicknesses drive the development of the worldwide clinical/demonstrative imaging market. Nonetheless, significant expense of demonstrative/clinical imaging gadgets and troublesome repayment situations control the market development. Then again, ascend in number of central members that plan to foster creative innovation and expansion in Research and development exercises in imaging advances present new open doors before long.
Key players in the industry-
- CANON INC.
- Carestream Health, Inc
- Esaote SpA
- General Electric Company
- Hitachi Ltd
- Hologic, Inc.
- Koninklijke Philips N.V.
- Materialise NV
- planmeca oy
- Siemens AG
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By Regional Analysis:
Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period. North America accounted for a majority of the global medical/diagnostic imaging market share in 2020, and is anticipated to remain dominant during the forecast period due to rise in prevalence of chronic diseases, presence of key players for development of medical imaging outsourcing, and well-established healthcare infrastructure in the region. Asia-Pacific is anticipated to witness lucrative growth owing to increase in the number of hospitals, surge in demand for early diagnosis, upsurge in prevalence of cancer & cardiac disease, and rise in number of geriatric population.
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, United Kingdom, Rest of Europe)
- Asia-Pacific (Japan, China, Australia, India, Rest of Asia-Pacific)
- LAMEA (Latin America, Middle East, Africa)
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