What Has Been The Historical And Current Growth Of The Medical Imaging Workstations Market?
The medical imaging workstations market has seen considerable growth due to a variety of factors.
• In recent times, there has been a significant expansion in the market size of medical imaging workstations. The market, which was worth $5.43 billion in 2024, is projected to escalate to $5.88 billion in 2025, charting a compound annual growth rate (CAGR) of 8.3%.
The past growth within this market primarily owes to various factors like clinical diagnosis, medical training and education, implementation of picture archiving and communication systems (PACS), enhanced efficiency in the radiology department, and strong emphasis on precision medicine.
What Is The Forecast For The Medical Imaging Workstations Market By 2029?
The medical imaging workstations market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated acceleration in the medical imaging workstations market will swell its size to $8.84 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.7%.
The expected surge over the upcoming years is linked to viable workstation solutions, patient-focused care, integration of multi-modal imaging, telemedicine facilities, and worldwide health readiness. Predominant trends set to shape the forecast period encompass the use of artificial intelligence for improved automation, data protection and privacy, compatibility and data sharing, amalgamation with electronic health records, and progress in the field of medical imaging.
Which Drivers Are Accelerating Growth In The Medical Imaging Workstations Market?
The expected surge in the number of outpatients is set to fuel the expansion of the medical imaging workstations market. Outpatients are defined as those needing medical treatment but aren't admitted to the hospital for an extended stay. Over the years, outpatient appointments have witnessed a noticeable spike, while inpatient discharges have taken a downturn, notably in imaging. A gradual transfer of imaging services from inpatient environments to outpatient settings has been observed. Prompted by new demands from payers, coupled with patient preferences, outpatient services have seen significant growth as independent facilities. Becker's Hospital Review, a US medical trade publication, reported in March 2023 that 95% of healthcare leaders projected an upturn in outpatient volumes in 2023, with 40% expecting increases of 10% or more. As such, the increment in outpatient numbers will be instrumental in pushing expansion in the medical imaging workstation market.
What Are The Core Segments Of The Global Medical Imaging Workstations Market?
The medical imaging workstations market covered in this report is segmented –
1) By Modality: Magnetic Resonance Imaging, Computed Tomography, Ultrasound, Mammography, Other Modalities
2) By Component: Visualization Software, Display Units, Display Controller Cards, Central Processing Units
3) By Usage: Thick Client Workstations, Thin Client Workstations
4) By Application: Diagnostic Imaging, Clinical Review, Advanced Imaging
5) By End-User: Hospitals, Diagnostic Centers, Ambulatory Centers, Other End-user
Subsegments:
1) By Magnetic Resonance Imaging (MRI): Closed MRI Workstations, Open MRI Workstations, MRI Post-Processing Workstations
2) By Computed Tomography (CT): Standard CT Workstations, Advanced CT Post-Processing Workstations, Mobile CT Workstations
3) By Ultrasound: Portable Ultrasound Workstations, Cart-Based Ultrasound Workstations, Ultrasound Image Processing Workstations
4) By Mammography: Digital Mammography Workstations, Stereotactic Biopsy Workstations, 3D Mammography Workstations
5) By Other Modalities: X-ray Workstations, Nuclear Medicine Workstations, Fluoroscopy Workstations
Pre-Book The Medical Imaging Workstations Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Trends Are Reshaping The Medical Imaging Workstations Market Size?
Technological innovations are becoming a dominant trend in the medical imaging workstation market. The introduction of state-of-the-art medical imaging technologies by healthcare institutions are being used to create more comprehensive images along with supporting analytic and visual presentation capabilities. Leading players in the medical imaging workstation market are concentrating on the emergence of new technologies to fortify their market standing. As an example, in March 2022, Royal Philips, a Netherlands-based international conglomerate involved in the medical imaging workstation market, unveiled their Ultrasound Workspace, a cutting-edge echocardiography image processing and reporting tool that is vendor-neutral. This ultrasound workspace delivers unique features such as vendor-neutral 2D/3D echocardiography viewing flexibility due to its remote, browser-based accessibility options. The latest solution presents consistent diagnostic workflows, complementary applications, and AI-driven automated image analysis and calculation tools that contribute to enhanced productivity and diagnostic accuracy.
Who Are the Key Players in the Medical Imaging Workstations Market?
Major companies operating in the medical imaging workstations market include:
• General Electric Company
• Koninklijke Philips NV
• Siemens Medical Systems Inc.
• Fujifilm Healthcare Corporation
• Canon Medical Systems Corporation
• PaxeraHealth
• Hologic Inc.
• Carestream Health India Pvt. Ltd.
• Carl Zeiss AG
• Capsa Healthcare
• Esaote SpA
• Medicor Imaging
• NGI Group
• Chimaera GmbH
• Hitachi Medical Systems
• Toshiba Medical Systems Corporation
• Samsung Medison Co. Ltd.
• Shimadzu Corporation
• Agfa-Gevaert NV
• Sectra AB
• Merge Healthcare Inc.
• Intelerad Medical Systems Incorporated
• McKesson Corporation
• Agilent Technologies India Pvt. Ltd.
• Analogic Corporation
• Barco NV
• ContextVision AB
• EDDA Technology Inc.
• Infinitt Healthcare Co. Ltd.
• Mirada Medical Limited
What are the Regional Insights into the Medical Imaging Workstations Market?
North America was the largest region in the medical imaging workstations market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical imaging workstations market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
