The radiation dose management market is set to reach US$ 1,349.5 Mn by 2027 from US$ 179.0 Mn in 2018 projecting rapid growth at a compounded annual growth rate (CAGR) of 25.8% during the forecast period from 2019 to 2027. The major drivers associated with radiation dose management market are rising prevalence of chronic ailment and stringent regulatory norm related to safety of radiation exposure in patients. Significant rise in diagnostic screening centers and rising public health awareness further propel the radiation dose management market.
The global urology imaging systems market is Globally, growing prevalence of urological conditions (mainly urinary incontinence and urinary tract infections) along with increased adoption of portable urology imaging systems will drive the market growth. New advancements in mobile technology, development in clinical governance and product launches in 3D-4D imaging segment are prime factors for market growth.
Measurement of skin perfusion pressure refers to noninvasive test used in the assessment of peripheral arterial diseases, particularly in the determination of optimal extent of amputation and assessment of ischemia. Skin perfusion pressure reflects the status of the more proximal arterial system and is not interfered by arterial wall calcification. Lesions on the toes or the previous digital amputation site may also preclude the measurement of pressure. Measurement of skin perfusion pressure are not limited to such challenges and are useful in the analysis of severity of peripheral arterial diseases.
The preterm birth and PROM testing market is set to growth at a compounded annual growth rate (CAGR) of 2.1% during the forecast period from 2025 to 2033. As per the research findings of World Health Organization (WHO), annually 15 million babies are born before the completion of 37 weeks of normal pregnancy and as a result approximately 1 million children die every year due to complications associated with preterm births.
Dental X-ray systems market accounted for a market value of US$ 2,108.9 Mn in 2021 and projected to grow at a CAGR of 6.8% during the forecast period from 2025 to 2033. According to estimations of The Global Burden of Disease Study 2016, oral diseases affects half of the world’s population (3.58 billion people) specifically with dental caries (tooth decay) in permanent teeth being the most prevalent condition identified.
The neurofeedback systems market is set to reach from US$ 820.7 Mn in 2017 to US$ 1,565.6 Mn by 2026 at a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2018 to 2026. According to the latest research findings published in Lancet by the Global Burden of Disease (GBD), neurological disease are the leading cause of death and disability worldwide. Neurofeedback system is also called as EEG biofeedback system is a noninvasive type of brain training system. It employs electrodes to record and modulate brain waves in the treatment of neurological diseases.
The global failure analysis equipment market was valued at US$ 6,218.02 Mn in 2020, expanding at a CAGR of 8.3% during the forecast period from 2021 to 2029. Failure analysis is the process used for systematic and logical investigation of a machine or equipment to analyze and detect the causes and consequences of potential or actual failure. The basic form of a failure is a component or system that is operating, but does not carry out its intended function. When a device or product fails, the root cause of it should be known.
The global angiography devices market grow at compound annual growth rate (CAGR) of 5.7% during the forecast period from 2025 to 2033. Angiography devices market are poised to grow during the forecast period owing to rapid technological development in the angiography systems in the recent years with better diagnostic and therapeutic capabilities. For instance, the newer generation angiography systems offered by technology giants such as Siemens, Philips Healthcare, GE Healthcare, Canon and Shimadzu offer lower magnitude of X-ray, while maintaining image quality. This has been made possible by using combination of new X-ray tubes, sensitive detectors, latest image reconstruction software and better image guided facilities.
The veterinary radiography systems market is set to reach US$ xx Mn by 2029 from US$ xx Mn in 2020 projecting steady growth at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2021 to 2029.
The vein illuminator market is set to reach US$ 799.1 Mn by 2029 from US$ 43.65 Mn in 2020 at a compounded annual growth rate (CAGR) of 32.7% during the forecast period from 2021 to 2029. As per the latest research citing of International Society of Thrombosis and Hemostasis, 1 in 4 people throughout the globe are suffering with deep vein thrombosis (DVT). Inaccurate venipuncture is largely responsible for occurrence of DVT causing pain and discomfort in patients.
The size of the worldwide medical imaging market is projected to reach USD 65 billion by 2030, expanding at a CAGR of 6% from 2023 to 2030. Age increases the likelihood of developing diseases proportionally. According to the Centers for Disease Control and Prevention (CDC), around 80% of senior citizens in the United States suffer from at least one chronic illness. In addition, the American Medical Association (AMA) anticipates that by 2030, at least 60 percent of adults aged 65 and older will have multiple chronic conditions. This increase in the elderly population will raise the demand for advanced healthcare facilities, treatment alternatives, and medicines. The prevalence of age-associated disorders such as Alzheimer's disease, Parkinson's disease, arthritis, and dementia, along with CVDs and cancer, is predicted to rise as the world geriatric population grows rapidly.
Teaching hospitals and universities' increasing demand for advanced imaging modalities to provide training for advanced technologies is anticipated to have a substantial impact on market growth over the next several years. In addition, the introduction of AI to automate the picture quantification and identification process is anticipated to fuel market expansion. To ensure early identification of age-related macular degeneration, Google's AI platform, Deepmind, teamed with Moorfields Eye Hospital to analyze all eye scans performed with an optical CT scanner. In addition, the emergence of 3D MRI and CT scans enables radiologists to evaluate scans quickly, hence lowering analysis time and enhancing efficacy.
In addition, computer vision is utilized to diagnose problems not evident to the human eye. The market experienced a downturn due to the outbreak of the COVID-19 pandemic, despite technological advancements and greater adoption of advanced imaging techniques. Decreases in imaging volumes, economic setbacks resulting in decreased use of modern imaging equipment, decreased staff at radiology facilities and hospitals, and greater acceptance of teleradiology services are factors contributing to the market decline.
For market leaders in diagnostic imaging, developing economies such as India, China, Brazil, South Korea, Turkey, Russia, and South Africa have significant growth prospects. Although cost is a concern in many emerging nations, their enormous populations, particularly in India and China, provide a sustainable market for diagnostic imaging technologies. The greater prevalence of chronic diseases, such as cancer, stroke, neurological, and cardiovascular disorders, and the higher mortality rates in these nations demonstrate the necessity for early detection. GLOBOCAN 2020 forecasts that around fifty percent of the worldwide cancer population resides in emerging regions. To establish their footing in this region, the leading market participants are employing various growth tactics. Siemens Healthineers, for example, said that China is one of their largest markets and an important contributor to their growth. In addition, in 2019, as part of its India expansion plan, Siemens Healthcare constructed a manufacturing facility in India with two production lines: one for its Cios Fit mobile C-arm for surgery and one for its Somatom-based CT systems. Go vertical.
Acute Market Reports specializes in market research and consulting for the medical imaging market. Our clients benefit from Acute Market Reports' futuristic research model, which enables them to make timely, well-considered business decisions. We work with a wide range of industry stakeholders to give cutting-edge strategic research solutions to our global clients.
