Medical imaging market: Growth Opportunities led by Agfa Gevaert NV and Agilent Technologies Inc. - Technavio
NEW YORK, Dec. 5, 2022 /PRNewswire/ -- The medical imaging market size is forecast to grow by USD 12.87 billion at a CAGR of 5.7% between 2022 and 2027. The growth of the market will be driven by the increasing prevalence of chronic conditions. Furthermore, the integration of AI with medical imaging is expected to boost market growth.
The report extensively covers the medical imaging market segmentation by product (x-ray imaging, ultrasound imaging, MRI, CT scanner imaging, and SPECT/PET imaging), end-user (hospitals, diagnostic imaging centers, and others), and geography (North America, Europe, Asia, and Rest of World (ROW)).Request A Sample Report
Medical imaging market - Vendors
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.?
Agfa Gevaert NV
Agilent Technologies Inc.
Boston Scientific Corp.
Canfield Scientific Inc.
Canon Inc.
Carestream Dental LLC
Danaher Corp.
FUJIFILM Holdings Corp
General Electric Co.
Hologic Inc.
Konica Minolta Inc.
Koninklijke Philips NV
Medical Imaging Systems
Medtronic Plc
Panasonic Holdings Corp.
Product Insights and News
Agfa Gevaert NV: The company offers medical imaging such as MUSICA.
Agilent Technologies Inc.: The company offers medical imaging such as BioTek Gen5 software.
Boston Scientific Corp.: The company offers medical imaging such as OPTICROSS 18 Peripheral Imaging Catheter.
Canon Inc.: The company offers medical imaging such as Aquilion serve, Vantage Fortian, and Aplio i-series.
Danaher Corp.: The company offers medical imaging through its brand Leica Biosystems.
For detailed insights about product offerings and the growth strategies adopted by vendors, buy the report.
Medical imaging market - Geographical Landscape
North Americawill contribute to 36% of the market's growth during the forecast period. The medical imaging market will grow significantly in North America due to various factors such as the rising prevalence of chronic diseases, new product launches, rising awareness programs regarding early disease diagnosis, and high healthcare spending. In addition, the increasing number of regulatory approvals and technological advances in imaging solutions will fuel the growth of the regional market.
Medical imaging market - MarketSegmentation
The X-ray imaging segment is estimated to contribute significantly to the global market's growth during the forecast period. The segment is driven by the increased adoption of portable and mobile X-ray systems. The development of new-generation mobile X-ray units that offer more advantages in terms of efficiency and cost savings compared with standalone X-ray systems will further drive the growth of the segment during the forecast period. - Download a sample report
What are the key data covered in this medical imaging market report?
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will drive the growth of the medical imaging market between 2023 and 2027
Precise estimation of the medical imaging market size and its contribution to the parent market.
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the medical imaging industry across North America, Europe, Asia, and the Rest of the World (ROW)
A thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive details of factors that will challenge the growth of medical imaging market vendors
The medical imaging phantom market size is expected to increase by USD 63.11 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.7%. The increasing prevalence of chronic conditions such as cardiac failure, chronic kidney disease, and Chronic Obstructive Pulmonary Disease (COPD) is notably driving the medical imaging phantom market growth, although factors such as stringent regulations associated with medical imaging phantom may impede the market growth.
The cardiovascular ultrasound imaging systems market size is expected to increase to USD 592.22 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.44%. The increase in product launches is notably driving the cardiovascular ultrasound imaging systems market growth, although factors such as the high cost of cardiovascular ultrasound imaging systems may impede the market growth.
Medical Imaging Market Scope
Report Coverage
Details
Page number
182
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 5.7%
Market growth 2023-2027
USD 12.87 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
5.24
Regional analysis
North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution
North America at 36%
Key countries
US, Germany, France, UK, and Japan
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Agfa Gevaert NV, Agilent Technologies Inc., Boston Scientific Corp., Canfield Scientific Inc., Canon Inc., Carestream Dental LLC, Danaher Corp., FUJIFILM Holdings Corp, General Electric Co., Hologic Inc., Konica Minolta Inc., Koninklijke Philips NV, Medical Imaging Systems, and Medtronic Plc.
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Product
Exhibit 06: Executive Summary ? Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global medical imaging market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global medical imaging market 2017 - 2021 ($ billion)
Exhibit 194: Validation techniques employed for market sizing
Exhibit 195: Information sources
13.5 List of abbreviations
Exhibit 196: List of abbreviations
About Technavio
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