Global Medical Imaging Market Strategy, Outlook and Product Development and COVID-19 Impact Analysis 2030
Research Reports
Mar 17, 2022
Medical Imaging Market Overview:
The Medical Imaging Market is anticipated to thrive at a healthy CAGR of over 7.10% during the review timeframe. The report further predicts that the market will acquire a USD 64,994.14 Million by the end of 2030, says Market Research Future (MRFR). The global medical imaging market is driven by improvements in point-of-care ultrasound systems, accessibility to portable magneto encephalography (MEG) brain scanners, partnership deals among key market players, and preference for medical diagnostic imaging.
These factors have helped shape the medical imaging market and are expected to boost the growth. Companies in the medical imaging market could also face challenges such as inability of healthcare organizations to purchase expensive imaging systems. The details covered in the medical imaging market report cover all the aspects of the industry. Medical imaging market analysts have also shared growth projections in the report and have suggested medical imaging market players to plan growth strategies accordingly.
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The medical imaging market 2020 is projected to grow owing to its non-invasive and painless procedure, boosting its demand in the healthcare sector. The increasing incidence of chronic illness and the growing geriatric population across the globe is predicted to push the market growth during the review period. Further, the healthcare sector is predicted to develop exponentially owing to the increasing investment and incorporation of latest technologies.
Medical Imaging Market Top Companies:
Siemens AG (Germany),
Analogic Corporation (U.S.),
Canon Medical Systems Corporation (Japan),
Carestream Health (U.S.),
CMR Naviscan (U.S.),
General Electric Company (U.S.),
Esaote S.p.A (Italy),
FUJIFILM Holdings Corporation (Japan),
Hitachi Ltd (Japan),
Hologic, Inc. (U.S.),
Medtronic PLC (Ireland),
Samsung (South Korea),
Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China),
Shimadzu Corporation (Japan),
Koninklijke Philips N.V.
Medical Imaging Market Segmental Analysis:
The global medical imaging market has been segmented based on modality, applications, and end-users.
On the basis of modality, the market for medical imaging is segmented based on magnetic resonance imaging (MRI), x-ray systems, computed tomography (C.T.), ultrasound systems, and nuclear imaging.
on the basis of applications, is segmented into oncology, cardiology, and neurology.
The global market for medical imaging is also covered based on the end-users segment which is further split into academic institutes, diagnostic centers, hospitals and clinics, and research organizations.
Factors like increasing product launches, growing investments in research, and increase in technology support the medical imaging market growth. The performance of the medical imaging market has also been studied for the past and current years. Additionally, the medical imaging market report provides analysis of these segments. The medical imaging market segmental analysis provided in the report offers major details about the medical imaging market performance and future.
Medical Imaging Market Regional Overview:
Based on the region, the global medical imaging market is segmented into the Americas, Europe, APAC, and the Middle East & Africa.
According to the research by MRFR, the global medical imaging market is projected to be controlled by the Americas during the review period. The region is estimated to expand owing to the increasing incidence of chronic illness with growing adoption of diagnostic tests. Further, the presence of developed healthcare infrastructure in the region is likely to propel the demand for medical imaging in the region.
Europe is likely to acquire substantial market value during the review period due to the increasing governmental initiatives. Further, the increased adoption of a sedentary lifestyle has resulted in various health conditions, propelling the demand for medical imaging in the region. Also, there has been a rise in the adoption of medical imaging in the region to procure better diagnosis, substantially boosting the market growth.
The APAC region is likely to be the fastest-growing market during the forecast period. The region is projected to develop owing to the growing development in the healthcare sector. Further, the increasing geriatric population and growing disposable income are likely to significantly boost the regional market. In addition, the rapid development of the healthcare sector in India, China, and Australia are predicted to accelerate the market growth in the region.
The MEA region is likely to secure the least market share during the review period owing to the presence of sluggish economies. However, increasing awareness about health is predicted to expand the regional healthcare sector. Further, stable economies such as Saudi Arabia, Kuwait, and others are projected to play an important role in boosting the regional market by developing the healthcare sector.
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