The global medical digital imaging systems market is forecasted to reach USD 29.97 Billion by 2027, according to a new report by Reports and Data.
The global medical digital imaging systems market is forecasted to reach USD 29.97 Billion by 2027, according to a new report by Reports and Data. Advancements in digital imaging technology are expected to drive the market growth in the forecast period. Digital radiography is substituting the analog aspects of both the mammography and X-ray imaging systems, as they perform faster scanning of the human body while delivering enhanced image quality. Furthermore, substitutes for breast MRIs, including positron emission mammography and breast specific gamma imaging, are innovative technologies that provide choices to patients who are unable to undergo a breast MRI. Also, higher field MRI systems are substituting low field systems owing to the improved image quality, and 3-D and 4-D digital obstetric ultrasounds will carry on to substitute traditional ultrasounds.
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Further key findings from the report suggest
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- Magnetic resonance imaging (MRI) contributed to a significant market share in 2019. MRI does not include exposure to radiation and hence is safe for people who might be specifically susceptible to the effects of radiation, for instance, pregnant women and babies. MRIs are very useful for viewing soft tissue structures, comprising cartilage and ligaments, and organs like the eyes, heart, and brain.
- Oncology is the leading application area of nuclear digital imaging systems. Detection of cancer at an early stage significantly increases the chances for survival. Creating awareness to encourage early diagnosis and screening are the crucial steps responsible for early detection of breast cancer.
- Hospitals held the largest market share in 2019. The factors including well-resourced operating & diagnostic rooms, higher purchasing power, the existence of highly skilled healthcare/medical professionals, and improved health coverage for hospital-based healthcare services from several private and group insurance plans, among others, are responsible for the high market share of hospitals.
- The medical digital imaging systems market in North America contributed to the largest share in 2019. The market dominance is owing to the higher acceptance of advanced technologies, rising incidence of chronic diseases, well-established healthcare facilities, and the presence of leading market players in the region.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
Siemens Healthineers, Canon Medical System Corporation, Hitachi, GE Healthcare, Esaote SPA, Shimadzu Corporation, Koninklijke Philips NV, Fujifilm Holdings Corporation, Toshiba Medical Systems Inc., and Samsung Electronics Co. Ltd., among others.
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Medical Digital Imaging Systems Market Segmentation:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Computed Tomography (CT)
- Ultrasound
- X-ray
- Nuclear Imaging
- Magnetic Resonance Imaging (MRI)
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Cardiology
- Neurology
- Orthopedics
- Oncology
- Gastroenterology
- Gynecology
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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