Global Medical Digital Imaging Systems Market by Type (X-ray, MRI, Ultrasound, CT, Nuclear Imaging), By Technology (2D, 3D/4D), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032
- Published date: Jun 2022
- Report ID: 45753
- Number of Pages: 252
- Format:
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Medical Digital Imaging Systems Market Overview:
The global medical digital imaging system market was worth USD 16,200 million in 2021. It is expected to grow at a 7.6% CAGR between 2023 and 2032.
The market has grown due to a growing demand for early diagnosis methods and a larger population of the elderly. The market’s growth is expected to be fueled by technological advancements, as well as increased investments and funds from governments, particularly in developing countries like India and China.
The market is being augmented by technological advancements in digital and communications technologies. The majority of diagnostic radiology procedures can now be performed using new imaging techniques that provide precise anatomical details. This has led to an increase in medical digital imaging’s use in exploratory surgery.
Global Medical digital imaging systems Market Scope:
Product type analysis
X-rays, ultrasound devices, and CT scanners can be used to segment the market. Based on their respective products, MRI and nuclear imaging are other segments. With a 25.2% percentage, CT has the largest market share. Nuclear imaging is anticipated to experience the largest growth during the anticipated timeframe.
The creation of radiotracers, the rise in cancer cases, and the introduction of new goods due to technological improvements are all good for the market as a whole. 1,762,450 new cases of cancer were reported in the United States in 2019, according to the American Cancer Society. The growth of the CT segment will be influenced by the development of radiotracers like single-photon emission computed tomography (SPECT), which improves image quality while exposing less radiation.
Technology analysis
Based on technology, the market for medical digital imaging equipment has been split into the 2D and 3D/4D categories. Black and white (BnW) and color are additional divisions of 2D. The major portion of the market share in 2021 was accounted for by 2D technology. Both developed and developing nations will use 3D technology most widely. The human body may now be accurately and effectively visualized in real-time thanks to advances in 3D/4D imaging technology. For patients, this reduces distortion.
Real-time movement can be seen with 4D imaging, which is 3D. The global market for 3D- and 4D devices will expand profitably throughout the projected period as a result of the increased use of these technologies for fetal health monitoring.
Кеу Маrkеt Ѕеgmеntѕ
By Product
- MRI
- X-ray
- Ultrasound
- CT
- Nuclear Imaging
By Technology
- 2D
- 3D/4D
Market Dynamics:
Positron emission tomography/ computed tomography (CT), allows simultaneous determination of the metabolic information for PET and CT. High-resolution CT allows for images with a higher spatial resolution. Magnetic resonance imaging is replacing older techniques like CT, myelography, and arthrography.
Digital imaging offers many clinical and economic advantages, including instant access to radiology studies and a lower risk of data loss and theft. Automating procedures reduce waiting times, which increases efficiency and maximizes returns on investment. These benefits can offset the cost of equipment and infrastructure.
Regional Analysis
The market was divided geographically into North America, Europe, Asia Pacific, and Latin America. In 2021, North America dominated the market with a 34.1 % revenue share. It is due to its high adoption rate of advanced technology, better healthcare infrastructure, high purchasing power, and favorable reimbursement arrangements. Asia Pacific will experience the highest CAGR, 10.4%, over the forecast period. This is due to the higher government incentives and lower cost of clinical trials.
Key Regions and Countries covered іn thе rероrt:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Rest of Europe
- APAC
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- MEA
- GCC
- South Africa
- Israel
- Rest of MEA
Market Share & Key Players Analysis:
As part of their attempts to strengthen their market position, major players are implementing strategies like product upgrades, strategic agreements, and new product launches. To improve customer experience, they are also looking to form strategic partnerships with financial services providers. MoneyGram International, a U.S.-based B2B, and P2P payments company, announced in April 2021 a partnership with Sigue. Sigue’s customers were able to access MoneyGram International’s new MoneyGram as a service business line.
Other financial institutions on Sigue platforms could also access MoneyGram International’s most recent API-driven payment technology. Key players are also investing heavily in expanding their product lines. Safaricom, for instance, announced in January 2021 the M Pesa billing management service. This service was designed to be used by landlords, schools, utilities, landlords, as well as other businesses that are subject to repeated customer payments.
The platform provides details about the customer such as pending payments, reminders, and electronic bills. The following are some of the major players in the global medical digital imaging systems market:
Мarkеt Кеу Рlауеrѕ:
- Esaote SPA
- Shimadzu
- Canon Medical Systems Corporation
- GE Healthcare
- Siemens Healthineers
- Koninklijke Philips N.V
- Hologic
- Hitachi
- Other Key Players
For the Medical Digital Imaging Systems Market research study, the following years have been considered to estimate the market size:
Attribute Report Details Historical Years
2016-2020
Base Year
2021
Estimated Year
2022
Short Term Projection Year
2028
Projected Year
2023
Long Term Projection Year
2032
Report Coverage
Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.
Regional Scope
North America, Europe, Asia-Pacific, South America, Middle East & Africa
Country Scope
United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa
Frequently Asked Questions (FAQ)
Q: What is the size of the Medical digital imaging systems market in 2021?A: The Medical digital imaging systems market size is estimated to be US$ 16,200 million in 2021.
Q: What is the projected CAGR at which the Medical digital imaging systems market is expected to grow at?A: The Medical digital imaging systems market is expected to grow at a CAGR of 7.6% (2023-2032).
Q: List the segments encompassed in this report on the Medical digital imaging systems market?A: Market.US has segmented the Medical digital imaging systems market by geographic (North America, Europe, APAC, South America, and Middle East and Africa). By Type, market has been segmented into X-ray, MRI, Ultrasound, CT, Nuclear Imaging, By Technology 2D, 3D/4D, By End User, the market has been further divided into Plastics, Inks, and Coatings.
Q: List the key industry players of the Medical digital imaging systems market?A: Esaote SPA, Shimadzu, Canon Medical Systems Corporation, GE Healthcare, Siemens Healthineers, Koninklijke Philips N.V, Hologic, Hitachi, and Other Key Players engaged in the Medical digital imaging systems market.
Q: Which region is more appealing for vendors employed in the Medical digital imaging systems market?A: North America accounted for the highest revenue share of 34.1%. Therefore, the Medical digital imaging systems industry in North America is expected to garner significant business opportunities over the forecast period.
Q: Name the key areas of business for Medical digital imaging systems?A: The US, Canada & Mexico are key areas of operation for Medical digital imaging systems Market.
Q: Which segment accounts for the greatest market share in the Medical digital imaging systems industry?A: With respect to the Medical digital imaging systems industry, vendors can expect to leverage greater prospective business opportunities through the CT segment, as this area of interest accounts for the largest market share.
Medical Digital Imaging Systems MarketPublished date: Jun 2022add_shopping_cartBuy Now get_appDownload Sample - Esaote SPA
- Shimadzu
- Canon Medical Systems Corporation
- GE Healthcare
- Siemens Healthineers
- Koninklijke Philips N.V
- Hologic
- Hitachi Ltd. Company Profile
- Other Key Players
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