What Has Been the Progress and Growth of the Medical Digital Imaging Systems Market in Recent Years?
The medical digital imaging systems market has seen considerable growth due to a variety of factors.
• The market size for medical digital imaging systems has experienced swift expansion in recent years. Projected to increase from $20.64 billion in 2024, it's expected to reach $23.13 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 12.0%.
The impressive growth observed in the historical period could have been influenced by an increase in government initiatives, a growing elderly population, a surge in the demand for effective early diagnostic techniques, increased spending on healthcare, and an increasing preference for non-invasive procedures.
What Can Be Expected from the Medical Digital Imaging Systems Market Size?
The medical digital imaging systems market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the medical digital imaging systems market is projected to experience swift growth, escalating to $35.94 billion by 2029 with a compound annual growth rate (CAGR) of 11.6%.
The growth during the forecast period can be linked to an increased demand for early disease detection tools, a rise in government investments and funding, a growing need for non-invasive diagnostic devices, an uptick in chronic disease cases, and a surge in lifestyle-related illnesses. Notable market trends for the forecast period encompass technological progress, the incorporation of telemedicine, integration of artificial intelligence (AI), advancement in visualization capabilities, and product innovation.
What Are the Critical Driver Fuelling The Medical Digital Imaging Systems Market's Growth?
The medical digital imaging systems market's growth is anticipated to be fueled by the escalating number of chronic ailments. These are enduring health afflictions that persist longer and necessitate continuous medical intervention, such as diabetes, cardiovascular diseases, and respiratory issues. The incidence of chronic ailments is an intricate issue affected by urbanization, genetic likelihood, and the choice of a sedentary lifestyle. Medical digital imaging systems aid in detecting minor changes in tissues and organs, thus ensuring more precise diagnoses. This technology empowers doctors to evaluate past and present scans, distinguishing trends and patterns. For instance, the Australian Institute of Health and Welfare, a government agency, disclosed in June 2024 that the age-standardized mortality rate owing to chronic conditions showed a minor rise to 459 per 100,000 population in 2021. The rate escalated again in 2022, reaching 490 per 100,000 individuals. Hence, the augmentation in the incidents of chronic conditions propels the growth of the medical digital imaging systems market.
How Is The Medical Digital Imaging Systems Market segmented?
The medical digital imaging systemsmarket covered in this report is segmented –
1) By Type: Magnetic Resonance Imaging (MRI), X-Ray, Ultrasound, Computed Tomography (CT), Nuclear Imaging, Mammography
2) By Technology: 2D, 3D And 4D
3) By End-User: Hospitals, Diagnostic Centers, Specialty Centers, Other End-Users
Subsegments:
1) By Magnetic Resonance Imaging (MRI): Closed MRI Systems, Open MRI Systems, Functional MRI (fMRI), MRI-guided Interventions
2) By X-Ray: Digital X-Ray Systems, Computed Radiography (CR), Fluoroscopy, Portable X-Ray Systems
3) By Ultrasound: 2D Ultrasound, 3D/4D Ultrasound, Doppler Ultrasound, Portable/Handheld Ultrasound Devices
4) By Computed Tomography (CT): Helical/Spiral CT, Multi-slice CT Scanners, CT Angiography, Cone Beam CT
5) By Nuclear Imaging: Positron Emission Tomography (PET), Single Photon Emission Computed Tomography (SPECT), Hybrid Imaging Systems (PET/CT), Radiopharmaceuticals
6) By Mammography: Digital Mammography, 3D Digital Mammography (Tomosynthesis), Screening Mammography, Diagnostic Mammography
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What Trends Are Reshaping The Future Of The Medical Digital Imaging Systems Market?
Major corporations in the medical digital imaging systems market are advancing AI-assisted imaging technologies to augment diagnostic precision, expedite image assessment, and aid in early sickness identification. AI-assisted imaging impregnates artificial intelligence into digital imaging systems to amplify diagnostic precision and effectiveness. For example, in April 2024, GE Healthcare, an American medical technology firm, brought forth the AI-assisted Voluson Signature 20 and 18 ultrasound systems aimed specifically at progressing women's health imaging. These systems employ AI to uplift image quality, autonomously detect fetal structures, and deliver quicker, more precise measurements, thereby diminishing scan durations and enhancing diagnostic assurance. This breakthrough illustrates the burgeoning role of AI in specialized medical imaging, catalyzing more accurate and effectual healthcare services for women.
Who Are the Key Players In The Medical Digital Imaging Systems Market?
Major companies operating in the medical digital imaging systems market are:
• Samsung Electronics Co. Ltd.
• Hitachi Ltd.
• Siemens AG
• Medtronic PLC
• Koninklijke Philips N.V.
• GE HealthCare Technologies Inc.
• Shimadzu Corporation
• Agilent Technologies Inc.
• Hologic Inc.
• Mindray Medical International Limited
• Bruker Corporation
• Carestream Health Inc.
• Barco NV
• Analogic Corporation
• Esaote SpA
• Canon Medical Systems Corporation
• Ampronix LLC
• Pie Medical Imaging B.V.
• Agfa-Gevaert Group
• Alma Medical Imaging
What Is The Most Dominant Region In The Medical Digital Imaging Systems Market?
North America was the largest region in the medical digital imaging systems market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical digital imaging systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
