Medical Imaging Workstations Market Research Report 2024 - By Size, Growth, Recent Trends, Key Players And Forecast To 2033

The medical imaging workstations market size has grown strongly in recent years. It will grow from $4.96 billion in 2023 to $5.4 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to clinical diagnosis, medical training and education, picture archiving and communication systems (pacs), radiology department efficiency, precision medicine:.

The medical imaging workstations market size is expected to see strong growth in the next few years. It will grow to $7.84 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to sustainable workstation solutions, patient-centric care, multi-modal imaging integration, telehealth services, global health preparedness. Major trends in the forecast period include artificial intelligence (ai)-enhanced automation, data security and privacy, interoperability and data exchange, integration with electronic health records (ehr), advancements in medical imaging.

Market Overview -
Medical imaging workstations refer to systems and software used in the radiology departments of hospitals or diagnostic centers to provide diagnostic information of patients based on imaging. Medical imaging workstations are primarily used to view and interpret pictures for patient diagnosis. It is a component of digital imaging systems that aids in accurate diagnosis and clear visualization of abnormalities.

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Rising Number Of Outpatient Fuels Growth In The Medical Imaging Workstations Market
The rising number of outpatients is expected to propel the growth of the medical imaging workstations market. Outpatients refer to patients who require medical care without staying in the hospital overnight. In recent years, outpatient visits have significantly increased while inpatient discharges have decreased, especially for imaging. Imaging services have been shifting from the inpatient setting to the outpatient one. Due to new payer demands and patient preferences, there has been a considerable impetus for these outpatient services as standalone facilities. For instance, in March 2023, according to Becker's Hospital Review, a US-based medical industry trade magazine, 95% of health leaders expect an increase in outpatient volumes in 2023, with 40% of them anticipating jumps of 10% or more. Therefore, the rising number of outpatients will drive the growth of the medical imaging workstation market.

Competitive Landscape -
Major companies operating in the medical imaging workstations market include General Electric Company, Koninklijke Philips NV, Siemens Medical Systems Inc., Fujifilm Healthcare Corporation, Canon Medical Systems Corporation, PaxeraHealth, Hologic Inc., Carestream Health India Pvt. Ltd., Carl Zeiss AG, Capsa Healthcare, Esaote SpA, Medicor Imaging, NGI Group, Chimaera GmbH, Hitachi Medical Systems, Toshiba Medical Systems Corporation, Samsung Medison Co. Ltd., Shimadzu Corporation, Agfa-Gevaert NV, Sectra AB, Merge Healthcare Inc., Intelerad Medical Systems Incorporated, McKesson Corporation, Agilent Technologies India Pvt. Ltd., Analogic Corporation, Barco NV, ContextVision AB, EDDA Technology Inc., Infinitt Healthcare Co. Ltd., Mirada Medical Limited

Advancements In Medical Imaging Workstations
Technology advancements are the key trend gaining popularity in the medical imaging workstation market. Healthcare organizations are employing advanced medical imaging technologies to generate more detailed images and support these tools with analytic and visualization capabilities. Major companies operating in the medical imaging workstation market are focused on developing new technologies to strengthen their market position. For instance, in March 2022, Royal Philips, a Netherlands-based multinational conglomerate company operating in the medical imaging workstation, launched Ultrasound Workspace, an advanced vendor-neutral echocardiography image processing and reporting technology. The unique features of the ultrasound workspace enable vendor-neutral 2D/3D echocardiography viewing with its remote, browser-based accessibility. This new solution offers seamless diagnostic workflows, equivalent applications, and AI-powered automatic picture analysis and quantification tools that help boost productivity and diagnostic quality.

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Key Segments -
The medical imaging workstations market covered in this report is segmented -
1) By Modality: Magnetic Resonance Imaging, Computed Tomography, Ultrasound, Mammography, Other Modalities
2) By Component: Visualization Software, Display Units, Display Controller Cards, Central Processing Units
3) By Usage: Thick Client Workstations, Thin Client Workstations
4) By Application: Diagnostic Imaging, Clinical Review, Advanced Imaging
5) By End-User: Hospitals, Diagnostic Centers, Ambulatory Centers, Other End-user

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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