Medical Imaging Instrument Market Scope
Over the past few years, the medical imaging instruments is applicable for MRI, CT-Scan, X-Ray Scan as it’s a part of various technologies and biological imaging. Due to prevalence of chronic diseases coupled with rising number of roads accidents, demand of better imaging techniques and geriatric population leads to boost the imaging instruments market. Medical Imaging Instrument market is expected to mark significant growth over forecasted period owing to increasing consumers spending for cure of medical imaging instruments. According to the World Health Organization (Switzerland), nearly 1.24 million people throughout the world die each year due to road traffic crashes that equates to ~3,400 deaths per day. So, the future for medical imaging instruments looks promising. Further, increasing demand for the 3D imaging expected to drive the market growth over the forecasted period.
The market study is being classified by Type (X-ray devices, Magnetic resonance imaging (MRI) equipment/ instruments, Computed tomography (CT) scanners, Ultrasound systems and Nuclear imaging equipment/ instruments), by Application (OB/Gyn, Cardiology and Oncology) and major geographies with country level break-up. According to AMA, the Global Medical Imaging Instrument market is expected to see growth rate of 3.4% and may see market size of USD32.09 Billion by 2024.
In medical imaging instrument market, it has been observed that most of the companies are upgrading or introducing different artificial intelligence (AI) and in vitro diagnostics that provides exciting opportunities such as custom algorithm development, image capture, modalities, networked solutions, and machine vision. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Medical Imaging Instrument market throughout the predicted period.
GE Healthcare (United States), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Agfa-Gevaert N.V. (Belgium), Canon Medical Systems Corporation (Japan), Hitachi Ltd. (Japan), Carestream Health, Inc. (United States), Esaote S.p.A (Italy), Hologic, Inc. (United States), FUJIFILM Holdings Corporation (Japan) and Samsung Electronics (South Korea) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Mindray Medical International (China), Planmed Oy (Finland), CurveBeam LLC (United States) and Shimadzu Corporation (Japan).
AdvanceMarketAnalytics has segmented the market of Global Medical Imaging Instrument market by Type, Application and Region.
On the basis of geography, the market of Medical Imaging Instrument has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by End Users, the sub-segment i.e. Diagnostics Center will boost the Medical Imaging Instrument market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
“According to Dubai Health Authority (DHA), its provide DHA Diagnostic Imaging Services Regulation which represents a milestone towards fulfilling the DHA strategic objectives in providing “A world class integrated health system that ensures excellence in health and healthcare for the Emirate of Dubai and promotes Dubai as a globally recognized destination for healthcare.”
- Rising Demand for effective & efficient imaging technologies for diagnosis
- Medical Imaging Instruments Market Growth with Increase of Premium Consumer
- Increase in the Prevalence of Associated Diseases Boost the Medical Imaging Instrument Market.
- Rapid Demand of Early Diagnosis and Widening Scope of Clinical Applications Fuelled up the Market.
- Rise in Investments, Funds and Grants by Public-Private Organizations
- Proliferation of Artificial Intelligence and Analytics Leads to Grow the Market.
- Upsurge Adoption of Teleradiology.
- Rise in Demand of Mobile Solutions and Contract Based Radiology
- High Cost associated with Medical Imaging Instruments.
- Technological Limitation Associated with Standalone Systems.
- Storage of Helium Hampers the Medical Imaging Instruments Market.
- Limitation due to Hospital Budgets Cut are Anticipated to Challenge the Market.
- Lack of Trained Professionals Hampers the Global Market.
Key Target AudienceMedical Imaging Instrument Manufacturers, Medical Imaging Instrument Traders, End-Use Market Participants of Different Segments of Medical Imaging Instrument, Government and Research Organizations, R&D Institutions and Others
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