Increasing demand for early disease diagnosis, adoption of analytics and artificial intelligence in diagnostic imaging, widening scope of clinical applications, rapidly growing geriatric population base, rising prevalence of associated diseases, technological advancements in the diagnostic imaging industry, and increasing investments, funds, and grants by public and private organizations are key factors contributing to high CAGR during the forecast period.
The global Medical Imaging Systems market was valued at USD 24.11 Billion in 2019 and is expected to reach USD 36.97 Billion by the year 2027, at a CAGR of 5.5%. The study covers systems of ‘Medical imaging’ – Medical imaging is the technical process of creating visual representations of the interior of a body for medical intervention and clinical analysis, as well as a visual representation of the function of some organs or tissues. The recent emergence of Medical imaging systems as a diagnostic tool is a major disruptive finding in the healthcare sector. In line with this, major technological advancements are leading to novel ways of diagnostics — for instance, CurveBeam LLC. An US-based advanced and compact 3D imaging Device Company launched an improved and updated version of Planmed Verity CBCT scanner. The device comes with a 3D imaging solutions for orthopedic, and also provides head and neck imaging. Rising adoption of analytics and artificial intelligence in diagnostic imaging, unmet needs of diagnostics pushing the tech development, significant focus of healthcare players on development of novel mechanisms, upcoming patent expiry, widening scope of clinical applications, favorable regulatory scenario, and availability of public as well as private funds for research are some of the prominent factors propelling industrial growth in the industry. However, High cost of diagnosis of these procedures, and technological limitations associated are the major hindrance for the industrial growth during 2019-2027.
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Increasing development of on-demand, digitally enabled, and seamlessly connected clinician-patient interactions to manage patient base is expected to drive pharma and healthcare market in the coming years. After the COVID-19 outbreak there has been a number of foundational shifts in the healthcare system. Some of the examples include increasing consumer involvement in health care decision-making, the rapid adoption of virtual health & other digital innovations, increasing focus on utilization of interoperable data & data analytics, and increased public-private collaborations in therapeutics and vaccine development. The increased public-private collaborations for vaccine development has arisen due to high pressure of regional governments. Health care providers, and other stakeholders have invested heavily to quickly pivot, adapt, and innovate therapeutics.
Surging demands and transition to patient-centric care delivery across geographies will change pharma and healthcare market trends through 2027.
The report focuses on current and emerging trends in the healthcare industry such as incorporation of IoT and Machine Learning to enhance efficiency of medical products. Top companies in the market are focusing on R&D activities to expand their product offerings and cater to unmet medical needs.
This report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, and recent developments in both historic and present contexts.
Top companies operating in the market and profiled in the report include:
GE Healthcare, Esaote S.p.A, Siemens Healthineers, CurveBeam LLC, Koninklijke Philips N.V., Agfa-Gevaert N.V., Samsung Electronics, Canon Medical Systems Corporation, Hitachi Ltd., Carestream Health, Inc., Hologic, Inc., Mindray Medical International, Planmed Oy, Shimadzu Corporation among others.
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The report segments the Medical Imaging Systems market on the basis of product types, applications, end-use industries, and regions among others. The report offers insights into key factors influencing the revenue growth of the segment and provides information about lucrative investment opportunities to stakeholders, investors, and clients.
Medical Imaging Systems Market Segmentation:
Product Type (Revenue, USD Million; 2016–2026)
Computed Tomography (CT) Scanners
Ultrasound Imaging Systems, Nuclear Imaging Systems
X-ray Imaging Systems
Application Type (Revenue, USD Million; 2016–2026)
Orthopedics and Musculoskeletal
End Use (Revenue, USD Million; 2016–2026)
Regional Analysis covers:
Middle East & Africa
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