A research study titled, “Medical
Imaging Equipment Market by Product Type and Application - Global Industry
Analysis and Forecast To 2025” published by Crystal Market Research, states
that the medical imaging equipment market is projected to be around $52 billion
by 2025.
In the
past few years, medical imaging has prominently modernized the healthcare
industry. Medical imaging allows doctors to diagnose diseases at a primary
stage and radically better the patient outcomes. Now, innovative medical
imaging technologies render considerable benefits to the healthcare providers
and the patients as well. Medical imaging assists physicians to understand the
complications in the human body better. The techniques are entirely painless,
non-invasive and majority of these techniques don’t require any special prior
preparation. With the introduction of surgical C-arm machines for imaging,
complicated surgeries have become highly feasible over the years. Such devices
are used in orthopedic, cardiology, and traumatology for intra-operative
imaging purposes.
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Medical
imaging modalities can be classified into conventional X-ray examinations,
computed tomography (CT), nuclear medicine imaging, ultrasound imaging and
magnetic resonance imaging (MRI). The basic principle used in X-ray imaging is
very much similar to ordinary photography. In normal photography, visible low
energy light is used whereas in X-ray imaging high energy, invisible light is
used. The extent of X-ray penetration in the human body depends upon the
materials in the human body such as, bones, soft tissues, and air/gas. CT
imaging is a rapid imaging process which combines the power of X-rays and
advanced computers to generate cross sectional, 360 degree views. In nuclear
imaging, unsealed radioactivity is used in order to create functional images.
Ultrasound refers to sound waves with frequencies higher than 20,000 HZ which
cannot be recognized by human ear. For most of the diagnostic purposes, the
frequency range is maintained between 3.5 and 7 MHz. Different examination
probes attached to the ultrasound equipment have different frequencies which
can be used for imaging different organs and tissue structures. MRI imaging has
crucial applications in examination of the central nervous system including the
spinal cord as well as in examination of anatomical abnormalities such as
congenital heart malformations.
Some of
the key factors driving the growth of medical imaging equipment market are the
growing prevalence of target diseases (such as cardiac disorders and cancers)
coupled with increased patient awareness about early diagnosis of diseases,
rising incidence of accident related severe injuries, and technological
advancements in medical imaging techniques. However, factors such as high cost
of medical imaging equipment along with the risk of side effects associated
with emitted radiations will restrain the market growth in near future.
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The X-ray
imaging systems segment occupied major share of the global medical imaging
equipment market in 2016 while, mammography systems market is projected to be
the fastest-growing segment during the forecast period. On the basis of
application, the cardiovascular and thoracic segment dominated the overall
market in 2016 owing to the development of ultrasound systems for the evaluation
of cardiac diseases at point-of-care.
Asia-Pacific
dominated the global medical imaging equipment market in 2016, due to rising
demand for advanced health care services along with increasing disposable
income of the people. Japan and China were the major contributors to the growth
of the Asia-Pacific medical imaging equipment market.
Some of
the key players operating in this market are FUJIFILM Holdings Corporation,
General Electric Company, Siemens AG, Koninklijke Philips N.V., Shimadzu
Corporation, Toshiba Medical Systems Corporation (acquired by Canon Inc.),
Carestream Health, Inc., , Samsung Medison Co., Ltd., Hitachi, Ltd., Hologic,
Inc., EsaoteSpA, Samsung Electronics Co., Ltd., and Mindray Medical
International Limited.
Key Findings of the Research
Study:
·
X-ray
imaging systems segment occupiedone-fourth share of the global medical imaging
equipment market in 2016 and will continue to dominate the market during the
forecast period.
·
Mammography
systems segment is projected to grow at a high single digit CAGR during the
forecast period primarily due to digitalization of these systems.
·
Cardiovascular
and thoracic segment occupied major share of the overall market in 2016.
·
Asia-Pacific
occupied one-third share of the global medical imaging equipment market in
2016.
·
Japan
and China jointly occupied for almost half of the Asia-Pacific medical imaging
equipment market in 2016.
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Medical Imaging
Equipment Market Segmentation:
By Product Type:
- Magnetic Resonance Imaging (MRI) Systems
o By MRI Field Strength
§ Low to Mid Field Strength
§ High Field Strength
§ Very High Field Strength
o By MRI Architecture
§ Open MRI Systems
§ Closed MRI Systems
- X-ray Imaging Systems
o By Portability
§ Portable Devices
§ Stationary Devices
o By Technology
§ Analog
Imaging
§ Digital
Imaging
- Computed Tomography (CT) Scanners
o Low End Slice
o Mid End Slice
o High End Slice
- Ultrasound Imaging Systems
o 2D Imaging Systems
o Doppler Imaging
o 3D & 4D Imaging Systems
o Extracorporeal Shock Wave Lithotripsy (ESWL)
o High-Intensity Focused Ultrasound (HIFU)
- Mammography Systems
- Nuclear Imaging Systems
o SPECT
o PET
By Application:
- Obstetrics/Gynecology (OB/GYN) Health
- Orthopedics and Musculoskeletal
- Neuro and Spine
- Cardiovascular and Thoracic
- General Imaging
- Breast Health
- Others
By Region:
- North America
o U.S
o Canada
o Mexico
- Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
- Asia-Pacific
o Japan
o China
o Australia
o India
o South Korea
o Rest of Asia Pacific
- Rest of the World
o Brazil
o South Africa
o Saudi Arabia
o United Arab Emirates
o Others
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About Crystal Market Research
Crystal
Market Research is a U.S. based market research and business intelligence
company. Crystal offers one stop solution for market research, business
intelligence, and consulting services to help clients make more informed
decisions. It provides both syndicated as well as customized research studies
for its customers spread across the globe. The company offers market
intelligence reports across a broad range of industries including healthcare,
chemicals & materials, technology, automotive, and energy.
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