Medical imaging, as applied in digital health refers to methods and procedures for producing images of different body sections for diagnostic and therapeutic purposes. The phrase "medical imaging" refers to a wide range of radiological imaging methods, including X-ray radiography, fluoroscopy, magnetic resonance imaging (MRI), medical ultrasound or sonography, endoscopy, elastography, tactile imaging, thermography, medical photography and nuclear medicine functional imaging methods, such as positron emission tomography (PET). In all medical settings and at all levels of healthcare, medical imaging is essential.
The burden of chronic diseases is increasing and medical imaging technologies are essential for accurately diagnosing these conditions. These prevalent and expensive long-term health issues are steadily rising as a result of the ageing population's growth and shifting social norms. Obesity, diabetes, cardiovascular disease and cancer account for the majority of deaths from chronic illnesses. According to GLOBOCAN, 19.3 million new cases of cancer were reported in 2020, and this figure is projected to rise to 30.2 million by 2040, Emerging markets would be particularly impacted because it is projected that population increase will be most considerable in developing regions.
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Data Bridge Market Research analyses that the medical imaging market which is USD 537.32 million in 2022, is expected to reach USD 824.62 million by 2030, at a CAGR of 5.5% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
The countries covered in the medical imaging market report are U.S., Canada and Mexico in North America. U.S. region is dominating the market during the forecast period due to the rising number of chronic disorders.
Some of the major players operating in the medical imaging market are:
Koninklijke Philips N.V. (Netherlands)
RamSoft, Inc.(Canada)
InHealth Group (U.K.)
Radiology Reports online (U.S.)
Siemens (Germany)
Sonic Healthcare Limited (Australia)
RadNet, Inc. (U.S.)
General Electric (U.S.)
Akumin Inc. (U.S.)
Hologic Inc. (U.S.)
Shimadzu Corporation (Japan)
Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
CANON MEDICAL SYSTEMS CORPORATION (Japan)
Carl Zeiss Ag (Germany)
FUJIFILM Corporation (Japan)
Hitachi, Ltd. (Japan)
MEDNAX Services, Inc. (U.S.)
Carestream Health (U.S.)
Teleradiology Solutions (U.S.)
UNILABS (Switzerland)
ONRAD, Inc. (U.S.)
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The growing awareness on the early diagnosis of chronic diseases, which are rising in prevalence, increasing healthcare expenditure, and rapid technological developments are expected to drive the growth of the North American diagnostic imaging systems market at a CAGR of 5.0% during the forecast period (2019–2024).
With this growth rate, the market value is expected to reach $17.7 billion by 2024.
North America boasts the world’s most advanced healthcare system, characterized by the widespread usage of different types of imaging systems for diagnostic purposes.Access Report Summary on North America Diagnostic Imaging Systems Market Segmentation AnalysisMoreover, companies in the North American diagnostic imaging systems market, such as Esaote S.p.A., FUJIFILM Holdings Corporation, Karl Storz GmbH & Co. KG, Carestream Health Inc., General Electric Company, Koninklijke Philips N.V., Esaote S.p.A., and Siemens AG, are actively focusing on the development of advanced diagnostic imaging solutions, for better image quality and visualization of internal organs.
To meet the increasing demand for diagnostic imaging devices, improve patients’ access to novel technologies, augment their market share and presence, and enhance patient outcomes, these companies are also indulging in collaborations and acquisitions.Thus, the widening portfolio of diagnostic imaging devices is expected to propel the demand for such systems in the continent.
