Medical Imaging – Market Trends, Drivers, and Forecast from Technavio

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According to Technavio’s latest market research study, the global medical imaging market is expected to grow at a CAGR of close to 5% during the forecast period, 2017-2021.

This report by Technavio provides an in-depth analysis of the global medical imaging market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

Technavio research analysts categorize the market based on the end-user type

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The top three revenue contributing product segments are discussed below

Global medical imaging market for hospitals: High-end hospitals and government general hospitals are the two types of end-users for the medical imaging market. High-end hospitals have the latest technologically improved versions of both diagnostic and therapeutic imaging devices, while government hospitals depend on medium-sized diagnostic centers for the sophisticated diagnosis of patients.

Hospitals are also looking to increase efficiency by adopting digital medical imaging equipment including digital X-ray equipment that are equipped with several technologies such as PACS and complementary metal-oxide semiconductors (CMOS) technology,” says Barath Palada, a lead analyst at Technavio for research on patient monitoring devices.

Global medical imaging market for diagnostic centers: Diagnostic centers can be large, medium, or small-sized, based on the volume of analysis or imaging performed. Small-sized diagnostic centers perform limited volume of imaging tests compared with large and medium-sized diagnostic centers. These centers perform one test at a time in laboratory settings as they have limited equipment and manpower.

Global medical imaging market for research centers: Research centers perform various basic or applied clinical-based research, primarily for better understanding of tissues. Most research laboratories or research centers collaborate with several national and international universities and medical centers and involve themselves in research activities in an array of 2D, 3D, 4D, and 5D medical image analysis application.

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The top vendors operating in the global medical imaging market are:

  • Fujifilm
  • GE Healthcare
  • Hitachi Medical
  • Philips Healthcare
  • Siemens Healthcare
  • Toshiba Medical Systems

Other prominent vendors in the market include Accuray, Accutome, Alpinion Medical Systems, Analogic Corporation, ASAHI Roentgen, BenQ Medical Technology, Shenzhen Bestman Instrument,           BMV Technology, Boston Scientific, Brain Biosciences, BrainLab, Bruker, Capintec, Carestream Health, Cephasonics, Chison, CMR Naviscan, ContextVision, CurveBeam, DDD-Diagnostic, Delphinus Medical Technologies, Ecare, EOS imaging, Esaote SpA, Fuel 3D Technologies, Gendex, GlobalMed, Guangzhou Yueshen Medical Equipment, Healcerion, Hologic, Imaging Sciences International, Insightec, Intelerad Medical System, Intrasense SAS, J. Morita Corporation, Jiangsu TongRen Medical Electronic Technology, Konica Minolta, MedGyn, Mediso, Mindray Medical International, Mithil Scans, Mobisante, NanoVibronix, Neurologica, NeuSoft, Planmeca Oy, Samsung Medison America, Shimadzu Corporation, Sirona, Sonostar, Sophie Biosciences, SOREDEX, St. Jude Medical, Sterne Medical, Telemed, TomTec Imaging Systems GmbH, Trivitron Healthcare, Viking Systems, Wuhan Tianyi Electronic, Xoran, Zhuhai Carelife Medical Technology, Zonare Medical Systems, and Zoncare.

A more detailed analysis is available in the Technavio report titled, ‘Global Medical Imaging Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.

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