Medical/imaging or medical diagnostic refers to the deployment of several models of imaging in order to retrieve a visual representation of the human body, majorly the interior of the body for diagnostic or therapeutic purposes. Medical imaging comprises of various types of diagnostic models that are used to fetch images of the human body for the treatment and diagnosis of a wide variety of chronic ailments and diseases and hence medical imaging plays a major role in the improving the overall efficiency of the overall human health. The medical imaging sector has foreseen a revolution due to increasing modernized bed side monitoring for high tech digital scanning. Advancements in technology especially in diagnostic imaging devices coupled with rising prevalence of serious disorders as well as with the presence of rapidly increasing geriatric population, increasing awareness for premature diagnosis and rise in the number of medical imaging techniques are some of the major aspects fueling the overall growth of global medical imaging market.
The medical imaging market is expected to firesee a significant and considerable growth especially in the emerging countries such as LAMEA and Asia-Pacific. Some of the key reasons for the unparalleled growth of the global medical imaging market are increasing urbanization, undiagnosed patient population, rise in overall per capita disposable incomes, increasing awareness about early diagnosis of disorders as well as increased government funding in the healthcare sector. However, factors such as low adoption of the high cost medical imaging techniques especially in developing economies such as India and China is anticipated to pose a serious challenge for the major market innovators.
The global medical imaging market can be segmented on the basis of product type and region. By product type, the global medical imaging market can be segmented into computed tomography scanners (mid-end slice, high end slice and low end slice), X-Ray systems (computed radiography, digital imaging, stationary devices, direct radiography, analog imaging, portable devices), ultrasound systems (3D imaging, 2D imaging, Doppler imaging, 4D imaging, compact devices, trolley based devices), magnetic resonance imaging (open MRI devices, closed MRI devices, high field systems, low to mid field systems, ultra high field systems and very high field systems), nuclear imaging systems (single photon emission tomography, photon emission tomography standalone systems, SPECT, hybrid systems) and others. Geographically, the global medical imaging market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. The robust demand especially in the Asia Pacific region is anticipated to be one of the key driving factors for the overall growth of the global market. Besides, China is further expected to account for the maximum share in the global market and is expected to maintain its lead in the overall demand during the forecast period.
This can be attributed to rapid industrialization and increasing urbanization during the past few years. The markets in various other developing economies such as Russia, Argentina, Brazil, Indonesia, New Zealand, Poland, Korea and India among others are also expected to witness a rapid growth throughout the forecast period. In addition to this, increasing per capita disposable revenue and rush in the global economy is another key factor which is expected to bring stimulus in the growth of the global market during the forecast period.
Key players operating in the global market are concentrating on some of the major market policies such as mergers, collaborations, partnerships and acquisitions in order to keep grip in the constantly competitive global market. Besides, they are focusing on gaining grip on the local players to reinforce their goodwill as well as to improve their market reach in the global market. Key players involved in the manufacture of medical imaging systems include Hitachi Healthcare Corporation, Philips Healthcare Siemens Healthcare, Shimadzu Corporation and GE Healthcare among others.
The global medical imaging market can be segmented:
By Product Type:
• Computed tomography scanners (mid-end slice, high end slice and low end slice)
• X-ray systems (computed radiography, digital imaging, stationary devices, direct radiography, analog imaging, portable devices)
• Ultrasound systems (3d imaging, 2d imaging, doppler imaging, 4d imaging, compact devices, trolley based devices)
• Magnetic resonance imaging (open mri devices, closed mri devices, high field systems, low to mid field systems, ultra-high field systems and very high field systems)
• Nuclear imaging systems (single photon emission tomography, photon emission tomography standalone systems, spect, hybrid systems)
• North America
• Latin America
• Middle East & Africa
• Asia Pacific