Medical Imaging Market 2024 To See Huge Growth by 2030 | Cognate Life Sciences

The Latest Research Report on Medical Imaging Market 2024 covering the micro level of analysis by competitors and key business segments. The Global Medical Imaging explores an inclusive study on various segments like growth drivers, opportunities, market size, shares, development, innovation, sales, and overall growth of major key players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing.

Get a sample PDF of the report in your inbox within 24 hours: https://www.cognatelifesciences.com/sample-request/2036/

Major Major Players are:

Siemens Healthineers, GE Healthcare, Philips Healthcare, Canon Medical Systems Corporation, Fujifilm Medical Systems, Hologic, Inc., Carestream Health, Shimadzu Corporation, Hitachi Healthcare, Toshiba Medical Systems Corporation (now Canon Medical Systems)

Medical Imaging Market Size (2024 - 2030)

The valuation of the global medical imaging market stood at USD 40.56 Billion in 2023 and is anticipated to achieve a market size of USD 58.50 Billion by the culmination of 2030. Projected to exhibit growth at a CAGR of 5.37% during the forecast period from 2024 to 2030.

The global medical imaging sector operates within a dynamic framework propelled by technological advancements, the escalating prevalence of chronic diseases, and an expanding aging demographic. Comprising diverse modalities such as MRI, CT, X-ray, ultrasound, and nuclear medicine, the market has witnessed notable expansion in MRI and CT scans due to their high-resolution imaging capabilities facilitating precise diagnosis. The increasing demand for portable and handheld devices, facilitating point-of-care imaging, has become a prominent trend. The integration of AI within imaging technologies has substantially elevated diagnostic accuracy and workflow efficiency. Notably, North America commands a significant market share attributed to its advanced healthcare infrastructure and widespread adoption of innovative technologies. Concurrently, emerging economies in the Asia-Pacific region are experiencing rapid growth, driven by improvements in healthcare facilities and heightened investments in the healthcare sector.

Key Market Insights:

A November 2020 article in European Radiology underscored the importance of chest radiography in identifying COVID-19 patients prone to rapid deterioration, thereby assisting clinical decision-making and optimizing the allocation of hospital resources such as beds and ventilators.

According to GLOBOCAN's 2020 data, there were over 19 million new cancer cases worldwide, a figure expected to surge to 30 million by 2040. This projected escalation in cancer cases is anticipated to be a substantial driver of growth in the medical imaging market.

As per the British Heart Foundation's report in January 2022, prevalent global heart conditions encompass coronary heart disease impacting approximately 200 million, peripheral arterial disease affecting 110 million, stroke impacting 100 million, and atrial fibrillation affecting approximately 60 million individuals.

Over the course of a decade, the number of publications focusing on AI in radiology has witnessed a significant surge, increasing from an annual range of 100-150 to a robust 700-800 per year.

Medical Imaging Market Drivers:

Persistent growth and innovation in the medical imaging market are fueled by continuous technological advancements in imaging devices and techniques.

Ongoing innovation and technological progress in medical imaging devices propel market expansion. Advances in imaging resolution, speed, and precision have transformed diagnostic capabilities. The incorporation of Artificial Intelligence (AI) and machine learning algorithms has notably improved image interpretation, enabling more accurate diagnoses and personalized treatments. The emergence of portable and handheld imaging devices has broadened accessibility, particularly in remote or resource-constrained areas, further stimulating market growth.

The substantial increase in chronic diseases and an aging population stands out as a major catalyst for the medical imaging market.

The upsurge in chronic conditions, including cardiovascular ailments, cancer, and neurological disorders, coupled with a globally aging demographic, has generated heightened demand for medical imaging. Imaging modalities play a pivotal role in the early detection, diagnosis, and monitoring of these conditions. As the prevalence of chronic illnesses rises, there is a concurrent escalation in the requirement for advanced imaging technologies for precise and timely diagnosis, treatment planning, and disease progression monitoring, consequently propelling market growth.

Medical Imaging Market Restraints and Challenges:

The hindrance for businesses and healthcare facilities lies in the cost and accessibility associated with medical devices.

The elevated costs linked to acquiring and maintaining advanced imaging equipment pose a challenge, particularly in developing regions and smaller healthcare facilities. The financial burden of purchasing, operating, and upgrading imaging technologies often results in limited accessibility for patients in these areas. Additionally, reimbursement policies and insurance coverage may not fully support the costs, contributing to healthcare access disparities where individuals with limited resources may not receive timely or adequate imaging services.

Challenges for the medical imaging market may arise from radiation exposure and safety concerns associated with medical devices.

Certain imaging modalities, such as X-rays and CT scans, involve ionizing radiation, raising concerns about potential health risks associated with repeated exposure. While generally considered safe, there is an ongoing effort to minimize radiation exposure, especially in pediatric and vulnerable populations. Balancing the necessity of accurate imaging with the need to limit radiation exposure remains a challenge. Ensuring the safety and efficacy of newer imaging technologies, particularly when implementing novel techniques or equipment, demands comprehensive studies and regulatory scrutiny to mitigate potential risks to patients and healthcare professionals.

Medical Imaging Market Opportunities:

The medical imaging market unveils numerous promising opportunities driven by technological advancements and evolving healthcare needs. The incorporation of artificial intelligence (AI) and machine learning algorithms into imaging devices holds significant potential to enhance diagnostic accuracy, streamline workflows, and improve patient outcomes. Moreover, the rising demand for point-of-care and portable imaging solutions is creating a niche for smaller, more accessible devices applicable in remote or resource-limited settings. The expanding application of imaging technologies in emerging fields such as telemedicine, personalized medicine, and minimally invasive procedures opens avenues for innovation, fostering improved patient care and more efficient healthcare delivery models. The persistent demand for advanced imaging techniques due to the increasing prevalence of chronic diseases and the aging population globally establishes fertile ground for market growth and innovation in the medical imaging sector.

Get a Impressive Discount on corporate email id @ https://www.cognatelifesciences.com/discount-request/2036/

Market Segmentation are:

By technology type (Magnetic Resonance Imaging (MRI), Computed Tomography (CT), X-ray, Ultrasound, Nuclear Medicine, Others), by application (Oncology, Cardiology, Neurology, Orthopedics, Gastroenterology, Gynecology, Others), by end-user (Hospitals, Diagnostic Imaging Centers, Ambulatory Surgical Centers, Research and Academic Institutes); and Region- Size, Share, Growth Analysis | Forecast (2024 2030)

Medical Imaging insights, overview and deep study of factors are considered to have greater influence over future course of the industry such as market size, market share, different dynamics of the industry, Medical Imaging market companies, regional analysis of the domestic markets, value chain analysis, consumption, demand, key application areas and more.

NOTE: Our report highlights the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19.

How will this report benefit potential stakeholders?
-Comprehensive assessment of all opportunities and risks in the Medical Imaging market.
-The detailed study of business strategies for the growth of the Medical Imaging market-leading players.
-Conclusive study about the growth plot of the Medical Imaging market for forthcoming years.
-In-depth understanding of Medical Imaging market-particular drivers, constraints, and major micro markets.
-Favorable impression inside vital technological and market latest trends striking the Medical Imaging market.

Any Questions? Feel Free To Enquire Here. Well put you on the Right Path @ https://www.cognatelifesciences.com/enquiry-request/2036/

What Medical Imaging Market report offers:
1.Medical Imaging Market share assessments for the regional and country-level segments
2.Market share analysis of the top industry players
3.Medical Imaging Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
4.Strategic recommendations in key business segments based on the market estimations
5.Competitive landscape covering following points: Company Overview, Product Portfolio, Financial Performance, Recent Highlights, Strategies

COVID-19 has had a major impact on the world economy in addition to that on the public health. This particular pandemic had caused severe economic destruction and not a single country has been left unaffected. The virus has forced businesses around the globe to change the way they operate. This report gives an analysis of the COVID-19 aftermath on Medical Imaging market.

Competitive Rivalry:

The report highlights vital details based on the leading players in the global Industrial Medical Imaging market. It features their details such as product/business portfolio, market share, financial status, regional share, segment revenue, SWOT analysis, manufacturing base, capacities, production volume, major vendors, raw material sourcing strategies, organizational structure. Their latest corporate deals, joint ventures, mergers and acquisitions, product launches, and other brand promotions are other facts about the market players included in the report.

We also offer customization on reports based on specific client requirement:

1- country-level analysis for any 5 countries of your choice.
2- Competitive analysis of any market players.
3- 40 analyst hours to cover any other data points

Purchase this report now @ https://www.cognatelifesciences.com/buy-now/?id=2036&license_type=su

Finally, Medical Imaging Market is a valuable source of guidance for individuals and companies in decision framework.

Contact Us:
Robin McKay
Client Partner Relations
USA/Canada(Toll Free): 1800-601-6071
Mail: sales@cognatelifesciences.com
Web: www.cognatelifesciences.com

About us :

Cognate Lifesciences is a specialized hub for all market research reports related to Lifesciences Market. Some of the sub domains covered by our team are Pharmaceuticals, Medical Devices and Supplies, Healthcare, Diagnostics, Biotech, Therapeutics, Healthcare IT etc. We offer syndicated/customized market research studies along with advisory and consulting services.

This release was published on openPR.