Australia Medical Imaging Market Watch out Complete Analysis with Latest Trends and Future Business Opportunities Till 2027 | GE Healthcare, Koninklijke Philips N.V., Canon Medical Systems Corporation, Siemens Healthineers Among Others.

The Global Medical Imaging Market in terms of revenue was worth of USD 26.52 Billion in 2020 and is expected to reach USD 35.78 Billion in 2027, growing at a CAGR of 3.99% from 2021 to 2027.

The global medical imaging market is expected to grow at a substantial growth rate due to several driving factors.

Medical imaging states to techniques and procedures used to generate images of several parts of the human body for diagnostic and treatment functions within digital health. The term, medical imaging, comprises several radiological imaging techniques such as X-ray radiography, magnetic resonance imaging (MRI), fluoroscopy, medical ultrasonography, or ultrasound, elastography, endoscopy, thermography.

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Medical Imaging Market Top Key Players:

• GE Healthcare
• Koninklijke Philips N.V.
• Siemens Healthineers
• Canon Medical Systems Corporation
• Bruker
• Mediso Ltd.
• MILabs B.V.
• MR Solutions
• TriFoil Imaging
• PerkinElmer Inc.
• FUJIFILM VisualSonics Inc.
• Cubresa Inc.

It is the procedure and method of imaging the interior of a body for clinical analysis and medical intervention, as well as visual representation of the purpose of some organs or tissues (physiology).

Medical imaging pursues to reveal internal structures hidden by the skin and bones, as well as to identify and treat disease. It also determines a database of normal anatomy and physiology to get it possible to detect abnormalities.

Diagnostic medical imaging depends on the use of ‘invisible’ waves, such as magnetic fields, electromagnetic radiation, or sound waves. It is used for spotting diagnosis, monitoring disease progression, treatment planning, and evaluating the efficacy of treatment. The idea of medical imaging began in 1895 with the discovery of the x-ray by a German professor of physics, Wilhelm Rontgen.

Scope of Medical Imaging Market

The study provides a crucial view of the global medical imaging market by segmenting the market based on imaging technique, end user and region & country level.

Based upon imaging technique, the global medical imaging market is segmented into X-Ray Systems, Ultrasound, Computed Tomography (CT), Magnetic Resonance Imaging (MRI), and Others. Based upon end user, the market is categorized into hospitals, ambulatory centers, radiology centers, and others.

Some of the major factors are driving the growth of the global medical imaging market are

increasing prevalence of cancer and cardiac diseases, rising number of favorable government initiatives, rising trends of preventive healthcare and disease screening programs, the surge in technical advancements, and strategic collaboration. Currently, the growing demand for state-of-the-art imaging modalities by teaching hospitals and universities to deliver training for enhanced technology is one of the factors likely to have a substantial influence on the market growth during the upcoming years.

This trend, formerly limited to the established countries, is now demonstrating a shift towards emerging countries as well. For instance; Siemens Healthineers’ MAGNETOM Terra, the only accepted 7T MRI system, has been installed only in the U.S. Lately, another elevated strength, combined 7T MRI/PET system was installed in Hadassah-Hebrew University Medical Center's Wohl Institute for Translational Medicine, Jerusalem, Israel. In addition, the surge in investments and strategic collaboration of medical imaging is another factor fostering the market growth.

For example; GE Healthcare (General Electric Company) and Affidea (a pan-Australiaan leader in advanced clinical imaging) have endorsed an agreement to create digital technologies and imaging in the Affidea network. The deal includes 40 CT scanners, 30 X-ray machines, 60 new MRIs, and 50 ultrasound equipment over the next 3 years in December 2019.

Additionally, Philips launched its new Ingenia Elition 3T MRI equipment in March 2018 at the Australiaan congress of radiology. However, lack of trained radiologists may hamper the market growth. In spite of that, a large and aging installed base of imaging equipment may present a lucrative opportunity for the further growth of the global medical imaging market.

The imaging technique segment of the global medical imaging market is dominated by X-Ray Systems with the largest market share of 33.94% in 2020. The end-user segment of global medical imaging is dominated by Radiology Centers with the largest share of XX% in the year 2020.

The global Medical Imaging market research reports segments as follows:

Global Medical Imaging Market: By Imaging
Technique

• X-Ray Systems
• Ultrasound
• Computed Tomography (CT)
• Magnetic Resonance Imaging (MRI)
• Others

Global Medical Imaging Market: By End User

• Radiology Centers
• Hospitals
• Others

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Market Trends of Medical Imaging Market

Medical imaging incorporat Some of the Major Trends in Global Medical Imaging Market are as follows:

Artificial intelligence (AI):

The most important factor behind the emergence of AI in medical imaging is that the desire for greater efficacy and efficiency in clinical care. The integration of AI component within the medical imaging workflow can upsurge efficiency and reduce errors. Thus, it can achieve objectives with minimal manual input by providing trained radiologists with pre-screened images and identified features.

AI is becoming a major constituent of many applications within health care, including medical diagnostics, drug discovery, remote patient monitoring and medical imaging, risk management, wearables, virtual assistants and hospital management.
Virtual and Augmented Reality & 3D Medical

Imaging:

Virtual reality and 3D medical imaging technologies have important effects within the healthcare industry. The 3D image is intractable via peripheral pointing devices. Medical professionals can rotate the image and make cross-sections during the diagnostics. This is very convenient for better visualization and planning before a medical procedure. Also, physicians can even print these images with a 3D printer. 3D medical imaging offers improved images of blood vessels and better images of bones.

Nuclear Imaging:

Nuclear imaging is used to study organ and tissue function. A tiny amount of a radioactive substance is used during the procedure to assist in the exam. In nuclear imaging, there is a technique involves the use of radioactive molecules that are called ‘tracers’. Before a medical imaging scan, a patient consumes radioactive materials called radiotracers for scanning. A special type of nuclear imaging is positron emission tomography (PET). It can use a radioactive form of glucose.

Wearables:

Wearable technology is more in trends which provides the ability to monitor fitness. A current trend in Wearable medical devices helping aging population to conveniently monitor and report internal bodily organs (such as the lungs, heart and brain). Wearable imaging devices could set a standard for the future of medical scans. For example; a new generation of wearable brain scanner introduced by Wellcome Trust Foundation.
Table of Content

Chapter 1 Australia Medical Imaging Market: Summary and Quantitative Analysis
1.1 Report Description
1.2 Australia Medical Imaging Market Revenue Overview
1.3 Australia Medical Imaging Market Revenue (USD Billion) and Growth (%) Rate, 2015- 2025

Chapter 2 Australia Medical Imaging Market: Overview and Qualitative Analysis
2.1 Executive Summary
2.2 Market Drivers
2.3 Market Restraints
2.4 Market Opportunities
2.5 Market Trends
2.6 Australia Medical Imaging Market: SWOT Analysis
2.7 Australia Medical Imaging Market: PEST Analysis
2.8 Australia Medical Imaging Market: Attractiveness Analysis
2.8.1 Australia Medical Imaging Market: Attractiveness Analysis by Type
2.8.2 Australia Medical Imaging Market: Attractiveness Analysis by Application
2.8.3 Australia Medical Imaging Market: Attractiveness Analysis by Regional

Chapter 3 Competitive Analysis

3.1 Australia Medical Imaging Market
3.1.1 Australia Medical Imaging Market Revenue (USD Billion), By Players 2018
3.1.2 Australia Medical Imaging Market Revenue Share (%), By Players 2018

Chapter 5 Australia Medical Imaging Market: By Types

5.1 Australia Medical Imaging Market Share (%), By Types, 2018
5.2 Australia Medical Imaging Market Revenue (USD Billion), By Types, 2015 – 2025
5.3 Australia Medical Imaging Market Revenue (USD Billion), T1,2015-2025
5.4 Australia Medical Imaging Market Revenue (USD Billion), T2,2015-2025
5.5 Australia Medical Imaging Market Revenue (USD Billion), T3,2015-2025
5.6 Australia Medical Imaging Market Revenue Share (%), By Types, 2015 – 2025
5.7 Australia Medical Imaging Market Revenue Market Share (%), By Types, 2015-2025

Chapter 6 AUSTRALIA Medical Imaging Market: By Application

6.1 Australia Medical Imaging Market Share (%), By Application, 2018
6.2 Australia Medical Imaging Market Revenue (USD Billion), By Application, 2015 – 2025
6.3 Australia Medical Imaging Market Revenue (USD Billion), A1, 2015-2025
6.4 Australia Medical Imaging Market Revenue (USD Billion),A2, 2015-2025
6.5 Australia Medical Imaging Market Revenue (USD Billion),A3, 2015-2025
6.6 Australia Medical Imaging Market Revenue Share (%), By Application, 2015 – 2025
6.7 Australia Medical Imaging Market Revenue Market Share (%), By Application, 2015-2025

Chapter 13 Market Research Findings & Conclusion

Chapter 14 Research Methodology

14.1 Research Process
14.2 Primary Research
14.3 Secondary Research
14.4 Market Size Estimates
14.5 Forecast Model
14.7 who is This Report For?
14.8 USP’s of Report

Medical Imaging Market By Regional & Country Level:

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• AUSTRALIA
• Southeast Asia

Latin America

• Brazil
• Mexico

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Australia or Asia.

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