LONDON--(BUSINESS WIRE)--The global medical imaging market size is poised to reach USD 9.56 billion by 2023, according to a new report by Technavio, progressing at a CAGR of over 5% during the forecast period.
“AI techniques are enabling radiologists and technicians to identify and compare relevant patterns and other medical imaging data at a much faster pace. Healthcare care leaders are also expanding the role of AI in medical imaging through partnerships with medical technology companies.” Request Free Sample Pages
The market is driven by the technological advances and upgrades in medical imaging modalities. In addition, the integration of AI with medical imaging is anticipated to further boost the medical imaging market during the forecast period.
Various advancements and technical upgrades have taken place recently in the medical imaging sector to improve image quality while minimizing the cost of diagnostic procedures. Innovations in digital X-rays with wireless DR detectors and the development of advanced equipment including the 5D ultrasound equipment have gained prominence in recent years. In addition, prominent market players including GE Healthcare are upgrading their imaging modalities with enhanced software solutions. Furthermore, the development of 3D, 4D, and 5D technologies in medical imaging are enabling physicians to effectively diagnose chronic health conditions.
AI integration with medical imaging is expected to gain traction as it enables increased productivity, improved accuracy, and reduced errors in the diagnosis performed by technicians and radiologists. The use of AI will also automate the labor-intensive manual segmentation and enable technicians to identify abnormalities, in turn, accelerating the treatment process. Furthermore, AI platforms are also being developed for hospitals and health systems to help clinicians in making quick decisions and improving patient outcomes.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Canon Inc.
- Carestream Health Inc.
- FUJIFILM Holdings Corp.
- General Electric Co.
- Hitachi Ltd.
- Hologic Inc.
- Koninklijke Philips NV
- Samsung Electronics Co. Ltd.
- Shimadzu Corp.
- Siemens Healthineers AG
Market Segmentation by Product:
The Medical Imaging Market can be broadly categorized into the following products:
- X-ray imaging
- Ultrasound imaging
- CT scanner imaging
- SPECT/PET imaging
Key Regions for the Medical Imaging Market:
Featuring a breakdown of region wise market shares until 2019.
- North America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
Market segmentation analysis
- Market definition
Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
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