Devices used in medical imaging are considered medical devices under the Federal Food, Drug, and Cosmetic Act (FD&C Act) as amended by the Medical Device Amendments of 1976 and subsequent related amendments. Most existing medical imaging technologies are considered non-510(k)-exempt Class I and Class II medical devices by FDA, making them eligible for clearance under the 510(k) pathway. Under the 510(k) pathway, a next-generation imaging technology may be found substantially equivalent.

The article cited AMA's "Global Medical Imaging Technology Market Study" explored CAGR of 4.7%. According to the report, Growing Potential and Need for Medical Imaging is one of the primary growth factors for the market. Increasing Healthcare Expenditure is also expected to contribute significantly to the Medical Imaging Technology market. Overall, Orthopedics applications of Medical Imaging Technology, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Imaging Technology, such as Radiography, is boosting the Medical Imaging Technology market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End-Users, such as Hospitals, is boosting the Medical Imaging Technology market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Medical Imaging Technology market identified that the demand is rising in many different parts of the world as "Growing Development of Healthcare Infrastructure ". Furthermore, some recent industry insights like "On January 28, 2019 - Canon Medical Systems Corporation introduces Global Illumination rendering technology within the Vitrea platform. This technology allows physicians to interact in real-time with photorealistic images and visualize patient anatomy in all dimensions. and On July 3, 2019 - Royal Philips, a global leader in health technology, has introduced Azurion with FlexArm, to set a new standard for patient imaging and positioning flexibility for image-guided procedures in India." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Medical Imaging Technology market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Medical Imaging Technology market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Medical Imaging Technology market size is calculated using market estimation process, the Medical Imaging Technology market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Medical Imaging Technology market size has been validated using both top-down and bottom-up approaches.