Growing pervasiveness of chronic disorders like cardiovascular diseases and cancers, rising acceptance of diagnostic imaging, along with surging demand for non-invasive therapeutic and diagnostic devices are the key factors driving the growth of global medical digital imaging systems market.
According to the report titled ‘Global Medical Digital Imaging Systems Market Size study, by Type (X-Ray, Computed Tomography (CT), Ultrasound, Magnetic Resonance Imaging (MRI), Nuclear Imaging), by Technology (2D, 3D/4D) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global medical digital imaging systems market was worth USD 16.9 billion in 2019 and is projected to record a CAGR of 7.7% during 2020-2027.
Growing pervasiveness of chronic disorders like cardiovascular diseases and cancers, rising acceptance of diagnostic imaging, along with surging demand for non-invasive therapeutic and diagnostic devices are the key factors driving the growth of global medical digital imaging systems market.
Notably, medical digital imaging system aids in healthcare management as it signifies deployment of various imaging modalities used to develop visual demonstrations of internal body parts for therapeutic and diagnostic purposes. Its usage is regulated by Digital Imaging and Communication in Medicine (DICOM) Standard worldwide in order to modulate exchange, storage, and transmission of medical digital images. Protocols regarding imaging methods like radiation therapy, ultrasound, magnetic resonance imaging (MRI), computed tomography (CT), and radiography are defined in DICOM Standard.
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According to International Agency for Research on Cancer (IARC), 9.5 million deaths along with 17 million new cancer cases were recorded in the year 2019 globally. These figures are expected to rise to 16.3 million cancer deaths and 27.5 million new cases of cancer by the year 2040, propelling global medical digital imaging systems market outlook.
Moreover, diagnosis of COVID-19 and its effect on patients are being analyzed using imaging modalities, thus positively impacting global medical digital imaging systems market size. However, risk of high radiation exposure and hefty cost of diagnostic systems & procedures may hamper the market growth over the study period.
Based on type, global medical digital imaging systems market is divided into nuclear imaging, magnetic resonance imaging (MRI), ultrasound, computed tomography (CT), and x-ray. Speaking of technology, the industry is bifurcated into 3D/4D and 2D.
Citing the regional landscape, the report states that North America currently accounts for considerable share of global medical digital imaging systems industry, on account of availability of established healthcare infrastructure and acceptance of advanced technology across the region.
Meanwhile, Asia Pacific medical digital imaging systems industry is likely to witness a substantial growth during the analysis timeframe, owing to enhancing healthcare infrastructure, low cost of clinical trials, and government support.
Major contenders in medical digital imaging systems market are Esaote S.p.A, Carestream Health Inc., Shimadzu Corporation, Hitachi Medical Corp., Hologic Inc., Canon Medical Systems Corporation, Siemens Healthineers, GE Healthcare, and Koninklijke Philips N.V.
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Related Report:
Global Diagnostic Imaging Market Size, Regional Forecasts 2020-2027
Global Diagnostic Imaging Market is valued approximately USD 25.70 million in 2019 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2020-2027. Diagnostic imaging makes the visual representation of the interior of the body for medical intervention. The imaging helps in maintaining a database of normal anatomy and physiology if the internal organs for identification of abnormality. The anatomy of the human body is taken using electromagnetic radiation for accurate diagnosis of the patient having applications in multiple medical fields such as cardiology, oncology, orthopedics and neurology.
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