Medical Digital Imaging System Market Scope
The global Medical Digital Imaging System market is expected to witness high demand in the forecasted period due to ongoing research and development in medical imaging. Medical digital imaging system denotes to the utilization of various types of imaging is used to get visual demonstrations of the inside of a body for therapeutic and diagnostic purposes. sector. he demands diagnostic techniques that have been increasing in the past few years owing to technological advancements in the field of diagnostics and rising awareness among people regarding early diagnosis of diseases. Automation in procedures helps in decreasing waiting time, thus, maximizing efficiency and returns on investment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | GE Healthcare (United States), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Hitachi Ltd. (Japan), Esaote S.p.A (Italy), Hologic, Inc. (United States), Samsung Electronics (South Korea), Agfa-Gevaert N.V. (Belgium), Canon Medical Systems Corporation (Japan), Carestream Health, Inc. (United States) and FUJIFILM Holdings Corporation (Japan) |
CAGR | % |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Medical Digital Imaging System market throughout the predicted period.
GE Healthcare (United States), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Hitachi Ltd. (Japan), Esaote S.p.A (Italy), Hologic, Inc. (United States), Samsung Electronics (South Korea), Agfa-Gevaert N.V. (Belgium), Canon Medical Systems Corporation (Japan), Carestream Health, Inc. (United States) and FUJIFILM Holdings Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Mindray Medical International (China), Planmed Oy (Finland), Shimadzu Corporation (Japan), Allengers Medical Systems (India) and Neusoft Medical Systems (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Medical Digital Imaging System market by Type , by Application (General Radiography, Fluoroscopy, Mammography Systems, Obstetrics/Gynecology and Others) and Region with country level break-up.
On the basis of geography, the market of Medical Digital Imaging System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In February 2019, Philips announced the launch of the Epiq Elite ultrasound system, a new premium ultrasound that combines the latest advances in transducer innovation and enhanced performance to improve clinical confidence and the patient experience.
In March 2021,Fujifilm India Pvt. Ltd. announced the launch of its mobile digital radiology system – FDR nano. Offering high-resolution imaging with low X-ray doses in health settings, this new digital radiology technology enables noise reduction circuits ..
Influencing Trend:
Increasing Healthcare Expenditure across the World and Technological Advancements in Diagnostic Imaging Modalities
Market Growth Drivers:
High Demand due to Growing Geriatric Population and Rising Adoption of Early Diagnosis and Widening Scope of Clinical Applications
Challenges:
Rising Adoption of Refurbished Diagnostic Imaging Systems and Lack of Trained Professionals
Restraints:
High Cost Associated with Medical Digital Imaging System and The Growing Concern Related to Technological Limitations Associated With Standalone Systems
Opportunities:
High Demand due to Adoption of Artificial Intelligence and Analytics in Diagnostic Imaging and Growing Demand for Contract-Based Radiology Solutions as well as Mobile Solutions
Key Target Audience
Medical Digital Imaging System Providers, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others