Medical Imaging Market – Increase in Incidences of Lifestyle-related Disorders and Advancements in Technologies in Medical Imaging areExpected to Lead the Market Growth – Growing at a Compound Annual Growth Rate (CAGR) 4.5% from 2022 to 2028

Medical Imaging
  • Medical Imaging Market

As stated in our extensive report; the Global Medical Imaging Market accounted forUSD 27.5 Billionin the year 2021.

Increasing diagnosis of disease, expansion of the clinical application, increase in the geriatric population, and an increasing number of associated infections are the main factors leading to the growth of the Global Medical Imaging Market. Investments and funds made by government or private organizations are expected to lead the Medical Imaging Market growth in the coming years.

The increasing number of geriatric populations with the associated disease is segmented to lead the Medical Imaging Market growth. According to the study, the World Health Organization (WHO) has reported that more than 60% of the senior population has been diagnosed with chronic disorders worldwide. The number of patients is predicted to multiply in the coming years. In addition, the surge in the geriatric population results in a higher prevalence of diseases like dementia, arthritis, and Alzheimer’s. The high prevalence of such diseases is anticipated to grow the market growth in the forecasted. Furthermore, the technological advancements in the Medical Imaging Industry are expected to boost the demand for MI systems. In addition, the increasing funds and investments made by the government and private organizations are helping the Medical Imaging Market to grow.

The CT scanner market is anticipated to contribute worldwide to the Medical Imaging Market growth. The Medical Imaging Market is further segmented into various imaging systems like MRI, mammography, nuclear imaging, CT scanner, etc. among all these segments, and the CT scanner segment is expected to take the largest share in the Global Medical Imaging Market growth. Apart from the CT scanner segment, the general radiographic application of the X-ray system is likely to lead to the fastest market growth in the forecast.

The covid-19 outbreak has affected the Medical Imaging Market serial e due to the increasing emergency caused by the covid cases. As a result, several Medical Imaging segments have reported a sudden decline in patient Visits with an associated disease. In addition, MRI segments have reported a decline in the number of patients visit in the hospital during the covid-19 period. However, the CT scanner segment has impacted positively during the covid-19 outbreak. As a result, the CT scanner segment has shown a sudden spike in the Medical Imaging Market.

is segmented to lead the Medical Imaging Market growth in the forecasted period. has dominated the Medical Imaging Market over the past few years. This is due to the increase in investments by the government and private organizations in the MI industries due to the high prevalence of the associated diseases in the geriatric population. Moreover, the is expected to lead the fastest Medical Imaging market growth due to the high prevalence of the old age population and associated diseases.

Notable and prominent players in the Global Medical Imaging Market include- GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers, Canon Medical Systems Corporation, Mindray Medical International, Esaote, Hologic, Inc., Samsung Medison Co. Ltd., Koning Corporation, Perkin Elmer Inc., FUJIFILM Visual Sonics Inc., Cubresa Inc. and others.