Press release
Medical Imaging Equipment Market Estimated to Touch USD 50.3 billion at a CAGR of 5.4% by 2028 | TMR Research
Medical imaging equipment plays a crucial role in modern healthcare, enabling the visualization of internal body structures for diagnosis, treatment planning, and monitoring of disease progression. This research report provides a comprehensive analysis of the market dynamics, technological advancements, key players, recent developments, and future prospects within the medical imaging equipment market.Medical imaging equipment encompasses a wide range of modalities and devices used to produce images of the human body for diagnostic and therapeutic purposes. Common types of medical imaging equipment include X-ray machines, computed tomography (CT) scanners, magnetic resonance imaging (MRI) scanners, ultrasound systems, nuclear medicine cameras, and positron emission tomography (PET) scanners.
Medical Imaging Equipment market is estimated to attain a valuation of US$ 50.3 Bn by the end of 2028, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 5.4% during the forecast period, 2021-2028
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The significant players operating in the global Medical Imaging Equipment market are
GE Healthcare, Siemens Healthcare, Hologic, Inc.¸ Shimadzu Corporation, Samsung Medison Co. Ltd., Hitachi Medical Corporation, Genesis Medical Imaging, Inc., Carestream Health, Inc., Fujifilm Holdings Corporation, Fonar Corporation, and Toshiba Corporation
Market Dynamics
Growing Demand: The medical imaging equipment market is driven by the increasing prevalence of chronic diseases, age-related conditions, and injuries requiring diagnostic imaging for accurate diagnosis, treatment planning, and disease management. Advances in imaging technology, improvements in image quality, and expanding clinical applications further contribute to the growing demand for medical imaging equipment globally.
Technological Advancements: Rapid advancements in medical imaging technology, including digital imaging, three-dimensional (3D) imaging, artificial intelligence (AI), machine learning, and image-guided interventions, enhance diagnostic accuracy, workflow efficiency, and patient safety, driving adoption of advanced imaging equipment in healthcare facilities.
Shift Toward Minimally Invasive Procedures: The shift toward minimally invasive procedures and image-guided interventions for diagnosis and treatment of various medical conditions, such as cancer, cardiovascular diseases, and neurological disorders, creates demand for high-resolution imaging equipment with real-time imaging capabilities and precision guidance systems.
Market Segmentation
The medical imaging equipment market can be segmented based on:
Modality: X-ray systems, computed tomography (CT) scanners, magnetic resonance imaging (MRI) systems, ultrasound systems, nuclear medicine equipment, positron emission tomography (PET) scanners, mammography systems, and fluoroscopy systems.
Application: Diagnostic imaging, interventional imaging, therapeutic imaging, and research imaging.
End User: Hospitals, diagnostic imaging centers, ambulatory surgical centers, academic and research institutions, and veterinary clinics.
Recent Developments
Advances in MRI Technology: Recent developments in MRI technology include the introduction of high-field MRI systems, wide-bore MRI scanners, ultrafast imaging sequences, and functional MRI techniques for neuroimaging, cardiac imaging, and musculoskeletal imaging applications.
Emergence of Digital Radiography: Digital radiography (DR) systems, including direct radiography (DR) and computed radiography (CR), offer advantages such as improved image quality, faster image acquisition, dose reduction, and enhanced workflow efficiency compared to traditional film-based X-ray systems, driving the adoption of digital imaging solutions in radiology departments.
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Market Segmentation -
Product
X-ray Devices
Magnetic Resonance Imaging (MRI) Equipment
Ultrasound Devices
Computed Tomography (CT) Scanners
Nuclear Imaging Equipment
Technology
X-ray Devices
Magnetic Resonance Imaging (MRI) Equipment
Ultrasound Devices
Computed Tomography (CT) Scanners
Nuclear Imaging Equipment
This Report lets you identify the opportunities in Medical Imaging Equipment Market by means of a region:
North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)
Key Features of the Medical Imaging Equipment Market Report: -
➤ Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
➤ Examine the market opportunities for stakeholders by identifying higher growth sections.
➤ To study and analyze the global Medical Imaging Equipment industry status and forecast including key regions.
➤ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
➤ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
➤ It helps you make strategic business decisions and investment plans.
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About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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