Medical Imaging Workstations Market Report 2024 - Medical Imaging Workstations Market Size, Trends, And Forecast

"The Business Research Company recently released a comprehensive report on the Global Medical Imaging Workstations Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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.

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Market Drivers and Trends:
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.

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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Major Key Players of the Market:
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

Medical Imaging Workstations Market 2024 Key Insights:
• 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%.
• Rising Number Of Outpatient Fuels Growth In The Medical Imaging Workstations Market
• Advancements In Medical Imaging Workstations
• North America was the largest region in the medical imaging workstations market in 2023

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