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    Perfusion Radiology Market

    ID: MRFR/HC/6947-CR
    107 Pages
    Kinjoll Dey
    October 2019

    Perfusion Radiology Market Research Report Information by Application (Cardiovascular Imaging, Ventilation Imaging, Brain Imaging, and others), End-User (Hospitals, Diagnostic Centers and others) and Region (Americas, Europe, Asia-Pacific, and the Middle East & Africa) - Forecast till 2032

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    Perfusion Radiology Market Research Report - Global Forecast till 2032 Infographic
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    Perfusion Radiology Market Summary

    The Global Perfusion Radiology Market is projected to grow from 2.42 USD Billion in 2024 to 3.54 USD Billion by 2035.

    Key Market Trends & Highlights

    Perfusion Radiology Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate (CAGR) of 3.53% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 3.54 USD Billion, indicating robust growth.
    • In 2024, the market is valued at 2.42 USD Billion, reflecting a solid foundation for future expansion.
    • Growing adoption of advanced imaging technologies due to increasing demand for accurate diagnostics is a major market driver.

    Market Size & Forecast

    2024 Market Size 2.42 (USD Billion)
    2035 Market Size 3.54 (USD Billion)
    CAGR (2025-2035) 3.53%

    Major Players

    GE Healthcare, Advantis Medical Imaging, Koninklijke Philips N.V., Siemens Healthineers AG, Lantheus Medical Imaging, Inc, Neusoft Corporation, Shimadzu Corporation, Canon Medical Systems Corporation, Perimed, Bracco Diagnostic, Inc.

    Perfusion Radiology Market Drivers

    Market Growth Projections

    The Global Perfusion Radiology Market Industry is poised for substantial growth, with projections indicating a market value of 2.42 USD Billion in 2024 and an anticipated increase to 3.54 USD Billion by 2035. This growth trajectory suggests a compound annual growth rate of 3.53 percent from 2025 to 2035. Factors contributing to this upward trend include technological advancements, rising healthcare investments, and the increasing prevalence of chronic diseases. As the industry evolves, stakeholders are likely to focus on innovation and improving patient outcomes, positioning themselves strategically within this expanding market.

    Rising Investment in Healthcare Infrastructure

    Investment in healthcare infrastructure is a pivotal factor influencing the Global Perfusion Radiology Market Industry. Governments and private entities are increasingly allocating funds to enhance medical facilities and upgrade imaging technologies. This trend is particularly evident in developing regions, where the establishment of advanced diagnostic centers is on the rise. Enhanced infrastructure facilitates the adoption of perfusion imaging technologies, thereby improving access to quality healthcare. As a result, the market is likely to experience a compound annual growth rate of 3.53 percent from 2025 to 2035, reflecting the positive impact of these investments.

    Increasing Prevalence of Cardiovascular Diseases

    The rise in cardiovascular diseases globally is a significant driver for the Global Perfusion Radiology Market Industry. With conditions such as coronary artery disease and heart failure becoming more prevalent, the need for effective diagnostic tools is paramount. Perfusion imaging plays a crucial role in assessing myocardial perfusion, aiding in the timely diagnosis and treatment of these conditions. The World Health Organization indicates that cardiovascular diseases account for approximately 32 percent of all global deaths. This alarming statistic underscores the necessity for advanced imaging technologies, contributing to the market's anticipated growth.

    Technological Advancements in Imaging Techniques

    The Global Perfusion Radiology Market Industry is experiencing a surge in technological advancements, particularly in imaging techniques such as MRI and CT perfusion. These innovations enhance the accuracy and efficiency of diagnosing conditions like stroke and tumors. For instance, advanced software algorithms improve image processing, allowing for real-time analysis of blood flow. As a result, healthcare providers can make more informed decisions, leading to better patient outcomes. The market is projected to reach 2.42 USD Billion in 2024, reflecting the growing demand for sophisticated imaging solutions in clinical settings.

    Integration of Artificial Intelligence in Radiology

    The integration of artificial intelligence (AI) into radiology is transforming the Global Perfusion Radiology Market Industry. AI algorithms are being developed to assist radiologists in interpreting perfusion images more accurately and efficiently. These technologies can analyze vast amounts of data, identifying patterns that may be missed by the human eye. For instance, AI-driven tools can enhance the detection of abnormalities in perfusion scans, leading to earlier diagnosis and treatment. As AI continues to evolve, its application in perfusion radiology is expected to expand, further driving market growth.

    Growing Demand for Non-Invasive Diagnostic Procedures

    There is a marked shift towards non-invasive diagnostic procedures in the Global Perfusion Radiology Market Industry. Patients and healthcare providers alike prefer methods that minimize risk and discomfort. Perfusion imaging techniques, such as dynamic contrast-enhanced MRI, offer valuable insights into tissue perfusion without the need for invasive procedures. This trend aligns with the broader healthcare movement towards patient-centered care, where the emphasis is on safety and comfort. As the market evolves, the demand for these non-invasive techniques is expected to drive growth, with projections indicating a market value of 3.54 USD Billion by 2035.

    Key Companies in the Perfusion Radiology Market market include

    Industry Developments

      • The APAC region is expected to witness very fast growth in the region because of the presence of mushrooming economies and key players in regions like South Korea, India, and China.
      • In January 2018, Fast Track Diagnostics was acquired by a German Company - Siemens. This helped a major role in expanding the company’s diagnostics portfolio on a global scale.
      • Signa Premier - a 3.0T MRI system belonging to GE got approval from the Canadian health system. This took place in March 2018. The result of this was an expansion of the company’s portfolio on a large scale.
      • Core Medical Imaging Inc. was acquired by Shimadzu Corporation in January 2019. This acquisition played a major role in strengthening the company’s healthcare services and business in the North American region. Gradually, the company gained a stronghold over the perfusion radiology market. 

    Future Outlook

    Perfusion Radiology Market Future Outlook

    The Global Perfusion Radiology Market is poised for growth at a 3.53% CAGR from 2024 to 2035, driven by technological advancements, increasing diagnostic imaging demand, and rising prevalence of chronic diseases.

    New opportunities lie in:

    • Invest in AI-driven imaging solutions to enhance diagnostic accuracy and workflow efficiency.
    • Develop portable perfusion imaging devices for remote and emergency care settings.
    • Expand partnerships with healthcare providers to integrate perfusion imaging into routine clinical practice.

    By 2035, the market is expected to exhibit robust growth, reflecting advancements in technology and increased healthcare investments.

    Market Segmentation

     

    • To study the market and growth strategies of the prominent market players, understand their production and revenue model, and subsequently, draw a competitive landscape amongst them.  
    • To analyze the production of the perfusion radiology industry in various geographies of the world and notice the strategies that are helping the regional markets gain recognition on the global scale
    • To predict a possible CAGR growth of the perfusion radiology industry and the attainable market valuation considering the valuable opinion of the industry leaders and key market experts. Also, witnessing the technical analysis of the market and noticing the market dynamics in the form of growth opportunities for the market and restraints in the way of growth.

    Study Objectives

    • To study the market and growth strategies of the prominent market players, understand their production and revenue model, and subsequently, draw a competitive landscape amongst them.  
    • To analyze the production of the perfusion radiology industry in various geographies of the world and notice the strategies that are helping the regional markets gain recognition on the global scale
    • To predict a possible CAGR growth of the perfusion radiology industry and the attainable market valuation considering the valuable opinion of the industry leaders and key market experts. Also, witnessing the technical analysis of the market and noticing the market dynamics in the form of growth opportunities for the market and restraints in the way of growth.

    Recent Developments

    • Core Medical Imaging Inc. was acquired by Shimadzu Corporation in January 2019. This acquisition played a major role in strengthening the company’s healthcare services and business in the North American region. Gradually, the company gained a stronghold over the perfusion radiology market.  
    • Signa Premier - a 3.0T MRI system belonging to GE got approval from the Canadian health system. This took place in March 2018. The result of this was an expansion of the company’s portfolio on a large scale.
    • In January 2018, Fast Track Diagnostics was acquired by a German Company - Siemens. This helped a major role in expanding the company’s diagnostics portfolio on a global scale.
    • The APAC region is expected to witness very fast growth in the region because of the presence of mushrooming economies and key players in regions like South Korea, India, and China.

    Technology Analysis

    • To study the market and growth strategies of the prominent market players, understand their production and revenue model, and subsequently, draw a competitive landscape amongst them.  
    • To analyze the production of the perfusion radiology industry in various geographies of the world and notice the strategies that are helping the regional markets gain recognition on the global scale
    • To predict a possible CAGR growth of the perfusion radiology industry and the attainable market valuation considering the valuable opinion of the industry leaders and key market experts. Also, witnessing the technical analysis of the market and noticing the market dynamics in the form of growth opportunities for the market and restraints in the way of growth.

    Key Players in the Perfusion Radiology Market 

    • Bracco Diagnostic, Inc. (Italy)  
    • Perimed (US)
    • Canon Medical Systems Corporation (Japan)
    • Shimadzu Corporation (Japan)
    • Neusoft Corporation (China)
    • Lantheus Medical Imaging, Inc (US)
    • Siemens Healthineers AG (Germany)
    • Koninklijke Philips N.V. (Netherlands)
    • Advantis Medical Imaging (Netherlands)
    • GE Healthcare (US)
    • Core Medical Imaging Inc. was acquired by Shimadzu Corporation in January 2019. This acquisition played a major role in strengthening the company’s healthcare services and business in the North American region. Gradually, the company gained a stronghold over the perfusion radiology market.  
    • Signa Premier - a 3.0T MRI system belonging to GE got approval from the Canadian health system. This took place in March 2018. The result of this was an expansion of the company’s portfolio on a large scale.
    • In January 2018, Fast Track Diagnostics was acquired by a German Company - Siemens. This helped a major role in expanding the company’s diagnostics portfolio on a global scale.
    • The APAC region is expected to witness very fast growth in the region because of the presence of mushrooming economies and key players in regions like South Korea, India, and China.

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 2.34 (USD Billion)
    Market Size 2024 2.42 (USD Billion)
    Market Size 2032 3.17 (USD Billion)
    Compound Annual Growth Rate (CAGR) 3.78 % (2024 - 2032)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2023
    Market Forecast Period 2024 - 2032
    Historical Data 2019 - 2023
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   GE Healthcare (US), Siemens Healthineers AG (Germany), Canon Medical Systems Corporation (Japan), Bracco Diagnostic, Inc. (Italy), Koninklijke Philips N.V. (Netherlands), Shimadzu Corporation (Japan), Lantheus Medical Imaging, Inc (US), Perimed (US), Neusoft Corporation (China), and Advantis Medical Imaging (Netherlands)
      Key Market Opportunities   The growing prevalence of cardiovascular and neurological diseases
      Key Market Drivers ·  Increasing geriatric population ·  Advancements in technology ·  The stringent regulatory policies and lack of awareness

    Market Highlights

    Author
    Kinjoll Dey
    Research Analyst Level I

    He is an extremely curious individual currently working in Healthcare and Medical Devices Domain. Kinjoll is comfortably versed in data centric research backed by healthcare educational background. He leverages extensive data mining and analytics tools such as Primary and Secondary Research, Statistical Analysis, Machine Learning, Data Modelling. His key role also involves Technical Sales Support, Client Interaction and Project management within the Healthcare team. Lastly, he showcases extensive affinity towards learning new skills and remain fascinated in implementing them.

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    FAQs

    What would be the perfusion radiology market CAGR during the forecast period (2020-2030)?

    Perfusion radiology market CAGR would be 3.78% during the forecast period.

    What would be the perfusion radiology market valuation by 2030?

    Perfusion radiology market valuation would be USD 3.17 Million by 2032.

    What are the application-wise segments of the Perfusion radiology market?

    The segments of Perfusion radiology market are brain imaging, ventilation imaging, cardiovascular imaging, and others.

    What are the end user segments included in the perfusion radiology market report?

    Perfusion radiology market segments are diagnostic centers, hospitals, and others.

    Which region would lead the perfusion radiology market?

    North America would lead Perfusion radiology market.

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