Medical Imaging Workstations Market Analysis

Global Medical Imaging Workstations Market Overview

The medical imaging workstations market size was valued at USD 3.9 billion in 2022. The Medical Imaging Workstations market industry is projected to grow from USD 4.17 Billion in 2023 to USD 7.10 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.9% during the forecast period (2023 - 2032). Increasing usage of medical imaging workstations for maintaining healthcare records, information flow, and accurate diagnosis is the key market driver enhancing the market growth.

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Medical Imaging Workstations Market Trends

• Technological advancements in imaging systems to boost the market growth

The growth is attributed to technological advancements in imaging systems that require sophisticated operating units and medical imaging workstations for smooth operation. The rising technological advancements, supported by the novel launches of products by the key players, are also expected to take the market to new heights. For Instance, in October 2021, JVC launched the CL-S600, a 30-inch medical imaging monitor 0.6-megapixel wide color monitor for displaying various diagnostic images on one workstation.

Further, a paradigm shift towards automated systems for the diagnosis of diseases is contributing to the development and adoption of medical imaging workstations. The introduction of advanced imaging modules such as 3D and 4D is helping healthcare professionals accurately diagnose the disease and make informed decisions. The integration of diagnostic systems with predictive analysis has enhanced the medical imaging workstations market CAGR across the globe in recent years.

However, rising medical imaging workstations expenditure is anticipated to boost the market over the forecast period. According to Eurostat data published in December 2021, Germany and France had the highest current healthcare expenditure relative to GDP in 2019. The level of current healthcare expenditure in Germany was EUR 403 billion in 2019 and remained at the highest level among the European Union (EU) and the Member States. Current healthcare expenditure in Germany and France was equivalent to 11.7 % and 11.1 %, respectively, of gross domestic product (GDP), more than in any other EU Member State. The next highest ratios were in Sweden (10.9 %), Belgium (10.7 %), Austria (10.4 %), the Netherlands (10.2 %), and Denmark (10.0 %); none of the remaining EU Member States recorded double-digit ratios. Hence, the increasing healthcare expenditure will likely support the growth of the medical imaging workstations market revenue.

Medical Imaging Workstations Market Segment Insights

Medical Imaging Workstations Modality Insights

The medical imaging workstations market segmentation, based on modality, includes computed tomography, MRI, and X-ray. The computed tomography segment held the majority share in 2022 of the medical imaging workstations market revenue. CT helps show detailed internal anatomy and hence helps determine the treatment course. The usage of CT helps in reducing hospital stays and improving patient convenience. However, MRI is the fastest-growing category to its major benefits, such as noninvasiveness and the ability to provide 3D images with the help of magnetic fields and radio waves.

Medical Imaging Workstations Component Insights

The medical imaging workstations market segmentation, based on component, includes visualization software and display units. The visualization software segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period 2022-2030. This software helps a precise and accurate understanding of the complex data set. However, display units are the fastest-growing category due to the availability of affordable integrated circuits, smaller storage units, and the introduction of advanced hardware for medical imaging workstations.

Medical Imaging Workstations Usage Mode Insights

The medical imaging workstations market data has been bifurcated by usage mode into thin, and thick. The thin segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. These are associated with several benefits, such as high productivity due to the presence of a flexible setup, enhanced security, and simplified handling. However, thick is the fastest-growing category over the forecast period. Thick client medical imaging workstations consist of multimedia components and are considered effective for intensive bandwidth applications in large establishments such as hospitals and standalone imaging facilities, driving the market growth.

Figure 1 Medical Imaging Workstations Market, by Usage Mode, 2022 & 2030 (USD Million)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Medical Imaging Workstations Application Insights

Based on application, the medical imaging workstations industry has been segmented into diagnostic imaging and clinical review. Diagnostic imaging held the largest segment share in 2022 due to the rising demand for affordable medical imaging workstations options in remote rural areas. However, the clinical review is the fastest-growing category over the forecast period due to favorable government support.

Medical Imaging Workstations End User Insights

Based on end users, the medical imaging workstations industry has been segmented into hospitals, diagnostics centers, ambulatory centers, and others. Hospitals held the largest segment share in 2022, due to the rising demand for advanced medical imaging workstations modalities and the integration of surgical suits with imaging technologies. However, diagnostics centers are the fastest-growing category over the forecast period due to the increased adoption of advanced technology, improved infrastructure, and high funding for the growth of these centers.

Medical Imaging Workstations Regional Insights

By Region, the study provides market insights into North America, Europe, Asia-Pacific and the Rest of the World. The North America medical imaging workstations market accounted for USD 1.79 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the presence of players, favorable reimbursement scenarios, and growing adoption of digital platforms for diagnosis are some of the factors expected to play an important role across the region.

Further, the major countries studied in the market report are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2 MEDICAL IMAGING WORKSTATIONS MARKET SHARE BY REGION 2022 (%)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe medical imaging workstations market accounts for the second-largest market share due to rising funds in the form of investments made by public and private entities in this region. Further, the Germany medical imaging workstations market held the largest market share, and the UK medical imaging workstations market was the fastest-growing market in the European region.

The Asia-Pacific medical imaging workstations Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to the increasing demand for advanced medical imaging workstations, and the presence of local market players in countries such as China, India, and South Korea are some of the factors driving regional growth. Moreover, China medical imaging workstations market held the largest market share, and the India medical imaging workstations market was the fastest-growing market in the Asia-Pacific region.

Medical Imaging Workstations Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the medical imaging workstations market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, increased investments, mergers and acquisitions, and collaboration with other organizations. Competitors in the medical imaging workstations industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

Manufacturing locally to reduce operating costs is one of the primary business strategies manufacturers adopt in the medical imaging workstations industry to benefit clients and expand the market sector. In the medical imaging workstations market, major players such as Accuray Incorporated, Alma Medical Imaging, Ampronix, and others are working on expanding the market demand by investing in R&D activities.

Koninklijke Philips N.V., commonly known as Philips, is a Dutch multinational conglomerate Corp. that was founded in Eindhoven in 1891. Since 1997, it has been mainly headquartered in Amsterdam, though the Benelux headquarters is still in Eindhoven. Philips was formerly one of the largest electronics companies in the globe but is currently focused on the area of health technology, having divested its other divisions. In March 2022, Royal Philips launched of Ultrasound Workspace at the American College of Cardiology's Annual Scientific Session & Expo (ACC 2022). Philips Ultrasound Workspace is an industry-leading vendor-neutral echocardiography image analysis and reporting solution that can be accessed remotely via a browser.

Also, Canon Medical Systems Corp manufactures medical equipment. The Company develops, manufactures, sells, and serves medical equipment, including diagnostic X-ray systems, magnetic resonance imaging systems, diagnostic ultrasound systems, medical testing equipment, and other related devices. Toshiba Medical Systems markets its products throughout the world. In February 2022, Canon Medical will extend its ultrasound portfolio with an affordable offline analysis Solution. Canon Medical's new UltraExtend NX workstation helps clinicians turn clinical data into actionable insights. UltraExtend NX offers a complete offline workflow from organizing, reviewing, and analyzing clinical data to documenting and reporting results.

Key Companies in the Medical Imaging Workstations market include

• Accuray Incorporated


• Alma Medical Imaging


• Ampronix


• Canon


• Capsa Solutions LLC


• Carestream Health


• Carl-Zeiss Meditec AG


• Fujifilm Holdings Corporation


• General Electric Company


• Hologic


• Siemens AG,
  


• Koninklijke Philips N.V.


• Medicor Imaging


• NGI Group


• Pie Medical Imaging BV. among others

Medical Imaging Workstations Industry Developments

May 2022 Koelis, SAS, a pioneer and innovator in prostate cancer treatment, launched the new product, ProMap Lite, at the prestigious American Urological Association Annual Meeting in New Orleans. ProMap Lite is a software-only version of the Koelis MR-Draw biopsy planning medical imaging workstations.

Medical Imaging Workstations Market Segmentation

Medical Imaging Workstations Modality Outlook

• Computed Tomography


• MRI


• X-ray

Medical Imaging Workstations Component Outlook

• Visualization Software


• Display Units

Medical Imaging Workstations Usage Mode Outlook

• Thin


• Thick

Medical Imaging Workstations Application Outlook

• Diagnostic Imaging


• Clinical Review

Medical Imaging Workstations End-User Outlook

• Hospitals


• Diagnostics Centers


• Ambulatory Centers


• Others

Medical Imaging Workstations Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America