A Look into Medical Digital Imaging Systems Industry……Deep Analysis…..


The global medical digital imaging systems market size is estimated to reach USD 26.43 billion by 2025, according to a new report by Grand View Research, Inc., experiencing a CAGR of 7.7% during the forecast period. Growing demand for advanced imaging solutions with minimal errors and faster results is likely to drive the market during the forecast period. Expanding applications of medical digital imaging in preventive healthcare is poised to contribute to the growth of the market.
Amongst the majorly used Covid-19 screening options, imaging is preferred by most healthcare professionals as it provides a primary diagnosis in a short time. All the imaging modalities including nuclear imaging have been used exhaustively to study Covid-19 and its effect on different patients in each demography. These are used in theories such as comparison of the vulnerability of pediatric and geriatric patients, and treatment response for several drug combinations. We are working to account for this surge in our estimates. The updated report will account for Covid-19 as a key market contributor.
Some of the causes of chronic diseases are unhealthy diets, sedentary lifestyles, tobacco and alcohol consumption, and biological factors including dyslipidemia, hypertension, obesity, and hyperinsulinemia. Rising prevalence of various chronic diseases is projected to augment the medical digital imaging market during the forecast period.
Some of the key players are Siemens Healthcare, Hitachi, GE Healthcare, Koninklijke Philips, Canon Medical Systems Corporation, Hologic, Medtronic, and Shimadzu Corporation. Regional and service portfolio expansions and mergers and acquisitions are among the key strategies adopted by these players to gain a higher share.
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https://www.grandviewresearch.com/industry-analysis/medical-digital-imaging-systems-market/request/rs2
Governments of countries such as U.S., U.K., India, and Canada are undertaking initiatives to boost the market. These initiatives are in various forms such as declining import duties for devices, providing favorable policies, and educating physicians & medical imaging device operators. The demand for diagnostic techniques has been increasing in the past few years owing to technological advancements in the field of diagnostics and rising awareness among people regarding early diagnosis of diseases.
Further key findings from the report suggest:
·         Increased per capita income and medical tourism in Asia Pacific are boosting the adoption of diagnostic imaging devices. The region is anticipated to rise at the highest CAGR over the forecast period
·         Market players such as GE Healthcare, Toshiba, and Philips Healthcare launched new CT systems that use microelectronic circuits, which reduce the noise created by the device and enhance image quality
·         Some of the key players operating in this market are Siemens Healthcare, Hitachi, GE Healthcare, Koninklijke Philips, Canon Medical Systems Corporation, Hologic, Medtronic, and Shimadzu Corporation
·         Regional & service portfolio expansions and mergers & acquisitions are among the key strategies adopted by these players to gain a higher market share.
The global medical digital imaging systems market size was valued at USD 14.55 billion in 2017. It is likely to expand at a 7.7% CAGR during the forecast period. Surging demand for effective early diagnostic methods and widening base of aging population have been instrumental in driving the market. Technological advancements and increasing investments and funds by governments, especially in developing countries such as India and China, are also poised to stoke the growth of the market over the coming years.
Advancements in digital and communication technologies are have been augmenting the market. New imaging techniques provide accurate anatomical detail in most diagnostic radiology procedures. This has helped in expansion of application of medical digital imaging in exploratory surgery.
Positron emission tomography (PET)/computed tomography (CT) enable determination of metabolic information of PET and anatomic detail of CT simultaneously. High-resolution CT offers images with higher spatial resolution. Magnetic resonance imaging (MRI) is replacing older techniques such as CT, myelography, angiography, and arthrography.
In addition, advancements in digital imaging offer various clinical and economic benefits, such as instant access to radiology studies, lesser risk of data damage, and theft. Automation in procedures help in decreasing waiting time, thus, maximizing efficiency and returns on investment. These benefits help offset costs of equipment and infrastructure.
Based on products, the market has been segmented into X-ray, ultrasound systems, CT, MRI, and nuclear imaging. CT accounted for the largest share in the market in 2017. Nuclear imaging is anticipated to be the fastest growing segment during the forecast period. Development of new radiotracers, increasing prevalence of cancers and cardiovascular diseases, and introduction of new products through advancements are working in favor of the overall market.
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https://www.grandviewresearch.com/press-release/global-medical-digital-imaging-systems-market
According to the American Cancer Society, 1,762,450 new cancer cases are estimated to be reported in the U.S. in 2019. Development of radiotracers, such as Single Photon Emission Computed Tomography (SPECT) with technetium 99m radiotracers, which optimizes image quality with reduced radiation exposure, is estimated to contribute to the growth of the CT segment during the forecast period.
Grand View Research has segmented the global medical digital imaging market on the basis of type, technology:
Medical Digital Imaging Systems Type Outlook (Revenue, USD Million, 2014 - 2025)
·         X-ray
·         MRI
·         Ultrasound
·         CT
·         Nuclear Imaging
Medical Digital Imaging Systems Technology Outlook (Revenue, USD Million, 2014 - 2025)
·         2D
o    BnW
o    Color
·         3D
Based on technology, the global medical digital imaging systems market has been bifurcated into 2D and 3D/4D. 2D has been further divided into black and white (BnW) and color. 2D technology captured the largest share in 2017. The 3D technology is expected to witness the highest adoption rate in developed as well as developing regions.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




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