Medical Imaging Workstations Market - Global Industry Growth and Forecast – 2032
Medical Imaging Workstations Market
The medical imaging workstations market size was valued at USD
3.9 billion in 2022. The Medical Imaging Workstations market industry is
projected to grow from USD 4.17 Billion in 2023 to USD 7.10 billion by 2032,
exhibiting a compound annual growth rate (CAGR) of 6.9% during the forecast
period (2023 - 2032).
The
medical imaging workstations has become a base technology of modern medical
diagnostics for the treatment of variety of acute and chronic diseases
including cardiovascular diseases and cancer.
The
usage of medical imaging workstations market has reduced manual workflow and
increased the accuracy and precision of diagnosis tremendously in recent years.
The factors influencing the growth of the market including growing government
investment and funding’s for research in modernization of imaging services,
favourable reimbursement policies and the on-going technological advancements
in imaging systems to improve healthcare infrastructure is anticipated to boost
the growth of the market over the forecast period.
Key
drivers of this market's expansion include the growing prevalence of chronic
diseases, such as cancer and cardiovascular conditions, which necessitate
frequent medical imaging for accurate diagnosis and monitoring. Additionally,
the rising demand for 3D and 4D imaging, coupled with improvements in image
quality and processing speed, is propelling the adoption of advanced medical
imaging workstations.
Furthermore,
the integration of artificial intelligence (AI) and machine learning algorithms
into these workstations is revolutionizing medical imaging. AI-powered tools
assist healthcare professionals in image analysis, automating routine tasks,
enhancing diagnostic accuracy, and improving patient outcomes.
Segmentation
The
global Medical Imaging Workstations market report has been segmented into modality, component,
and usage mode, application, and end user.
By
modality, the market has been segmented into computed tomography, ultrasound,
MRI (Magnetic Resonance Imaging), ultrasound, mammography, radiography, and
others.
Based
on component, the market has been segmented into visualization software, display
units, display controller cards, central processing units and others.
The
market, by usage mode, has been segmented into thin client workstations, thick
client workstations.
Based
on the application the market is segmented into diagnostic imaging, clinical
review, advanced imaging.
Further
based on end user the market is bifurcated into hospitals, diagnostics centres,
ambulatory canters, and others
Key
Players
The
global medical imaging workstations market players are Accuray Incorporated,
Alma Medical Imaging, Ampronix, Canon, Capsa Solutions LLC, Carestream Health,
Carl-Zeiss Meditec AG, Fujifilm Holdings Corporation, General Electric Company,
Hologic, Koninklijke Philips N.V., Medicor Imaging, NGI Group, Pie Medical
Imaging B.V. Siemens AG and others.
Regional
Analysis
On
regional basis, the Americas is anticipated to dominate the global medical
imaging workstations market owing to the high clinical R&D budgets by both
government as well as public and private organizations in diagnostic imaging
modalities and rising adoption of advanced technologies. Moreover, favourable
reimbursement insurance companies participate actively in the health care chain
to control the cost further enhance the growth of the market.
Additionally, rising prevalence of geriatric population along with various
chronic diseases is contributing the growth of this market. According to a
report by Population Reference Bureau, the number of older population (aged 65
and above) will rise to nearly 24% from 15% by 2060. Europe is expected to hold
the second largest position in the global medical imaging workstations market.
The Asia-Pacific region is anticipated to be fastest growing region is due to
rising demand for imaging devices, high quality healthcare infrastructure and
incidence of major key players for growth and development in this region. The
Middle East & Africa has the least share of the global medical imaging
workstations market. Moreover, the major market share of the region is expected
to be held by the Middle East region owing to the increasing government
initiatives for the healthcare sector.
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