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The market has seen a growing reception of three-dimensional (3D) imaging technologies. Medical digital imaging devices fit for producing 3D pictures give a more extensive perspective on physical designs, aiding in exact determination and therapy planning. This pattern has gained force, especially in fields like muscular health, cardiology, and oncology.
Another huge shift is the turn of events and increased interest for versatile and point-of-care medical digital imaging devices. These devices offer adaptability and comfort in different healthcare settings, allowing for faster discovery and appropriate intervention. The versatility factor is especially worthwhile in crisis circumstances and underserved areas with restricted admittance to conventional imaging offices.
The ascent of telemedicine has prodded the interest for remote imaging arrangements. Medical digital imaging devices outfitted with telehealth abilities empower healthcare professionals to remotely get to and interpret pictures, facilitating virtual meetings. This pattern has become more articulated, particularly with the worldwide difficulties presented by the Coronavirus pandemic.
The industry has seen a more extensive shift towards digitalization, leading to the integration of medical digital imaging devices with electronic health records (EHR) frameworks. This integration upgrades information management, availability, and joint effort among healthcare professionals, contributing to more effective and coordinated patient care.
Artificial intelligence has turned into a distinct advantage in the medical digital imaging area. AI calculations assist in picture examination, design acknowledgment, and early location of indiscretions. This pattern works on symptomatic precision as well as helps in identifying modest subtleties that may be challenging for the natural eye, at last leading to better understanding results.
With a growing consciousness of the potential dangers associated with ionizing radiation, there is an increased emphasis on developing medical digital imaging devices with diminished radiation portions. Producers are incorporating portion improvement technologies to maintain symptomatic adequacy while minimizing the openness to radiation, aligning with the principles of ALARA (As Low As Reasonably Achievable).
Medical Digital Imaging Devices Market Highlights:
Global Medical Digital Imaging Devices Market Overview
Medical Digital Imaging Devices Market Size was valued at USD 17.85 Billion in 2023. The Global Medical Digital Imaging Devices industry is projected to grow from USD 19.32 Billion in 2024 to USD 36.29 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.98% during the forecast period (2024 - 2032).
Medical digital imaging devices are devices used to image the body to obtain a correct diagnosis and determine future care. The growing demand for medical digital imaging devices is due to factors such as increasing incidence and prevalence of chronic diseases across the globe, technological advancements in the imaging systems, growing government investments for modernization of imaging facilities, and the rising number of diagnostic imaging centers are driving the market growth of diagnostic imaging. However, the high cost of diagnostic imaging systems, technological limitations associated with standalone systems, and unfavorable healthcare reforms in the US are the key factors limiting the growth of the medical digital imaging devices market.
Medical Digital Imaging Devices Market Insights
The Medical Digital Imaging Devices Market has been segmented into type, technology, and end user.
By type, the market has been segmented into X-ray, Computed Tomography, Ultrasound, MRI and Nuclear Imaging. The X-ray segment is expected to register the highest CAGR during the forecast period due to technological advancements.
On the basis of technology, the market has been segmented into 2D, B/W, Color, and 3D/4D.
The market, by end user, has been segmented into hospitals & clinics, diagnostic center, and others.
The medical digital imaging devices global market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada.
The European market has been segmented into Western Europe and Eastern Europe. The Western Europe medical digital imaging devices industry has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The medical digital imaging market in the Middle East & Africa has been segmented into the Middle East and Africa.
Medical Digital Imaging Devices Regional Analysis
The Americas is the market leader and has an attractive for market is owing to the increasing prevalence of cardiovascular, neurological and ophthalmic disorders pertaining to rising geriatric population which is a major trigger factor. For instance, according to the US Census Bureau, in 2016, around 49.2 million residents were aged 65 and above. This huge older population led to over 15.2% of the total population which is likely to drive the market. Furthermore, the Americas is witnessing rampant advancements in technology, and increasing government initiatives, and funding for research in the medical devices sector is driving the medical digital imaging devices market growth.
Europe accounts for the second largest market and holds a healthy share in the global market due to major driving factors like availability of advanced treatment facilities, increasing healthcare expenditure, and flourishing medical device industry due to the presence of major market players. Additionally, the rising prevalence of chronic disorders such as cardiovascular disorders, neurological disorders, among other disorders is driving the growth of the market.
Asia-Pacific is expected to be the fastest growing market, owing to the huge patient pool, a faster adaptation of healthcare technology, government initiatives to increase the healthcare quality, and availability of favorable insurance policies. Moreover, due to lower cost of clinical trials, research key players have been setting up their regional headquarters and manufacturing plants in Singapore, China, Japan, Korea, and Australia which make a positive growth curve in medical digital imaging devices market in future.
The Middle East & Africa is expected to show the least growth in the market due to some major factors such as lack of awareness, limited access and availability of treatment facilities. In the Middle East, the United Arab Emirates and Saudi Arabia is the largest market share owing to the development of the healthcare industry and the rising availability of specialty care centers.
Key Companies in the Medical Digital Imaging Devices Market
- Koninklijke Philips N.V.
- GE Healthcare
- Siemens Healthineers
- Esaote SPA
- Canon Medical Systems Corporation
- Hologic
- Hitachi
- Shimadzu
Medical Digital Imaging Devices Market Segmentation
Medical Digital Imaging Devices Type Outlook
- X-ray
- Computed Tomography
- Ultrasound
- MRI
- Nuclear Imaging
Medical Digital Imaging Devices Technology Outlook
- 2D
- B/W
- Color
- 3D/4D
Medical Digital Imaging Devices End User Outlook
- Hospitals & Clinics
- Diagnostic Center
- Others
Medical Digital Imaging Devices Region Outlook
- Americas
- North America
- US
- Canada
- Latin America
- North America
- Europe
- Western Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Western Europe
- Eastern Europe
- Western Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- The Middle East & Africa
- Middle East
- Africa
Recent Development
In November 2023,
Launched the Philips Ingenuity IQon Spectral CT scanner, a next-generation CT system with advanced spectral imaging capabilities for improved tissue characterization and disease detection.
Intended Audience
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Medical device manufacturer
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Channel partners
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Industry association
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Governments and investment communities
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Research organizations and associations
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Healthcare industry
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