Increasing cases of diseases such as cancer, and orthopedic disorders are likely to propel growth of the medical imaging equipment market says Fortune Business Insights in a published report, titled “Market Size, Share and Global Trend by Type (Magnetic Resonance Imaging Equipment, Computed Tomography Equipment, X-ray Equipment, Ultrasound Equipment Molecular Imaging Equipment), By Application (Cardiology, Neurology, Orthopedics, Gynecology, Oncology), By End-User (Hospitals, Specialty Clinics, Diagnostic Imaging Centers, Others) and Geography Forecast till 2026.”As per the report, the market is projected to reach a value of US$ 44,077.7 Mn at a CAGR of 4.6% by 2025 from US$ 30,814.2 Mn in 2017.
Key companies covered in the report
- SHIMADZU CORPORATION
- fnms(siemens healthcare in jordan)
- SuperSonic Imagine
- Hologic, Inc.
- FUJIFILM Holdings America Corporation
Advent of AI-Inspired Medical Imaging System To Propel Growth
Rising prevalence of chronic diseases such as cardiovascular diseases, cancer, and orthopedic disorders witnessed around the world is propelling growth of the global medical imaging equipment market. An increasing number of patients undergoing medical diagnostic imaging procedures are also a factor contributing to the market growth. Artificial intelligence is a key aspect which is aiding in the development of the health care sector. Medical imaging technology has greatly benefited from the integration of artificial intelligence, offering early detection of diseases, early diagnosis and treatment. For instance, Nvidia-a tech company introduced the Nvidia Clara platform, offering numerous applications for AI-powered medical imagery. Several types of equipment are featuring AI-powered technology such as MRI machines, CT scanners, Ultrasound, and optical coherence tomography. AI-powered technology is expected to attract patients for advanced treatment which will enable the growth of the global for medical imaging equipment market.
Samsung Medison Unveils its Latest Tech for Radiologists
Samsung introduced various products for medical imaging all put together with AI. These products are predicted to strengthen technologies and provide better results collaborating with hospitals and medical healthcare. For instance, S-Detect™, an ultrasound system based on AI technology analyzes breast lesions using ultrasound images. Likewise, SimGrid™, a digital radiography system offers exceptional image quality with reduced scatter artifacts. The new innovations in magnetic resonance imaging, ultrasound system, digital radiography and computed tomography are expected to drive the global medical imaging equipment market.
U.S To Remain Dominant In The Global Market
The medical imaging equipment market in North America was valued at US$ 7,993.4 Mn in 2017 and is estimated to grow on a moderate CAGR during the forecast period. In North America, the U.S is leading the market offering new products based on new technologies for medical imaging. For instance, Siemens Healthcare GmbH announced two new magnetic resonance imaging scanners at the Radiology Society of North America (RSNA 2018) conference in November 2018. North America is predicted to consistently dominate the global market, owing to the advanced systems in the country. The two new scanners are based on the exclusive Biomatrix technology model of Siemens Healthcare GmbH. In addition, the rising number of patients undergoing diagnostic imaging procedures in the country is another factor driving the growth of the medical imaging equipment market. Leading Chinese market player and other regional players entering the thriving U.S. market is predicted to support the growth of the medical imaging equipment market in North America.
- Magnetic Resonance Imaging Equipment
- Computed Tomography Equipment
- X-ray Equipment
- Ultrasound Equipment
- Molecular Imaging Equipment
By End User
- Specialty Clinics
- Diagnostic Imaging Centers
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