The global medical imaging market is growing significantly due technological advancement and launch of cost effective medical imaging devices, and increasing investment by government bodies. The unexplored market in medical imaging industry and up-gradation of healthcare infrastructure of developing economies is creating abundant opportunities for the medical imaging market to grow at a considerable rate during the projected years. In addition, the advanced research and development facilities, and innovative product developments by the companies are propelling the growth of the medical imaging industry.
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Some of the factors driving the growth of the global medical imaging market are increasing number of private diagnostic centers, escalating geriatric population, increasing prevalence of chronic diseases, such as cancer and cardiovascular diseases, and injuries. Moreover, the increasing number of diagnostic procedures and increasing healthcare expenditure are also some of the factors fueling the growth of the global medical imaging market. However, risk of high radiation exposure, high cost of diagnostic imaging systems, shortage of helium, and technological limitations associated with standalone systems are some of the factors restraining the growth of the global medical imaging market to some extent. Further, increasing adoption of refurnished diagnostic imaging system is posing a challenge for the global medical imaging market.
On the basis of product, the medical imaging market can be categorized as x-ray imaging systems, nuclear imaging, ultrasound imaging systems, computed tomography scanners, magnetic resonance imaging, and others. X-ray imaging system is further segmented on the basis of portability and technology. The various technologies available in the x-ray imaging include digital imaging and analog imaging; whereas, on the basis of portability, the x-ray imaging systems are categorized as stationary x-ray devices and portable x-ray devices. The nuclear imaging is further segmented as single photon-emission computed tomography and positron emission tomography.
The ultrasound imaging system is segmented on the basis of portability as trolley based ultrasound system and compact ultrasound system; whereas, on the basis of technology, it is categorized as 2D imaging system, 3D and 4D imaging system and doppler imaging. The magnetic resonance imaging (MRI) is segmented on the basis of field strength as low to mid field MRI systems, high field MRI system, and very high field MRI system; whereas, the technologies include closed MRI system and open MRI systems. And the computed tomography (CT) scanners are segmented on the basis of type of slice as high end slice CT scanner, mid end slice CT scanner, and low end slice CT scanner.
Geographically, North America will be leading the global medical imaging market in the coming years, due to faster acceptance of technologically advanced imaging and large number of ongoing research activities. Asia-Pacific is the fastest growing region in the global medical imaging market. The major reasons for the fastest growth of medical imaging market in the region are mounting healthcare expenditure, increasing awareness of healthcare, huge pool of patients, and increasing government support and initiates, in the region. Moreover, the medical imaging market is growing due to refining healthcare infrastructure in the emerging countries, such as India and China, of Asia-Pacific region.
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Some of the companies operating in the global medical imaging market are Carestream Health Inc., Toshiba Medical Systems Corporation, GE Healthcare, Hologic Inc., Philips Healthcare, Shimadzu Corporation, Siemens Healthcare, Hitachi Medical Corporation, Samsung Medison, and Esaote S.P.A
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