Insights on the Medical Imaging Global Market to 2028 - by Product; End-user and Geography - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Medical Imaging Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Product; End User, and Geography" report has been added to ResearchAndMarkets.com's offering.

The medical imaging market was valued at US$ 23,901.88 million in 2020 and it is projected to reach US$ 33,002.52 million by 2028; it is expected to grow at a CAGR of 4.12% during 2020-2028.

Factors such as the increasing demand for early disease diagnosis and widening scope of clinical applications, rapidly growing geriatric population and the subsequent increase in the prevalence of associated diseases, technological advancements in diagnostic imaging industry, and increasing investments, funds, and grants by public-private organizations drive the growth of the medical imaging market. However, declining reimbursements hinder the market growth.

Medical imaging refers to techniques and processes used to create images of various parts of the human body for diagnosis and treatment purposes within digital health. The term, medical imaging, includes various radiological imaging techniques such as X-ray radiography, fluoroscopy, magnetic resonance imaging (MRI), medical ultrasonography or ultrasound, endoscopy, elastography, tactile imaging, thermography, medical photography and nuclear medicine functional imaging techniques-e.g. positron emission tomography (PET). Medical imaging is crucial in every medical setting and at all levels of healthcare. The use of medical imaging helps physicians to arrive at more accurate diagnoses and appropriate treatment decisions. Without medical imaging, both diagnosis and treatment in digital health can be very difficult to achieve with any level of accuracy.

The global medical imaging market is segmented on the basis of product, and end user. Based on product, the medical imaging market is categorized into CT systems, X-ray systems, PET systems, MRI systems, ultrasound systems, and others. The X-ray segment held the largest share of the market in 2020 and is also anticipated to register the highest CAGR in the market during the forecast period. Based on end user, the medical imaging market has been segmented into hospitals, OP centers, clinicians' offices, and emergency care centers. The hospitals segment held the largest share of the market in 2020 and is also estimated to register the highest CAGR of 5.0% in the market during the forecast period.

Reasons to Buy

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the medical imaging market.
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• The key findings and recommendations highlight crucial progressive industry trends in the global medical imaging market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Market Dynamics

Drivers

• Introduction of Technologically advanced Systems
• Increasing Demand for Early Diagnosis

Restraints

• Declining Reimbursements

Opportunities

• Big Data and Analytics

Future Trends

• 3D Capabilities

Companies Mentioned

• General Electric Company
• Siemens AG
• Koninklijke Philips N.V.
• SHIMADZU CORPORATION
• Hitachi, Ltd.
• Canon Inc.
• Hologic, Inc.
• Carestream Health Inc.
• ESAOTE SP
• Samsung Group

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