Medical X-ray detectors market accounted for a market value of US$ 2,165.5 Mn in 2017 and projected to grow at a CAGR of 5.1% during the forecast period from 2018 to 2026. A new generation of X-ray detectors equipped with large-area, flat-panel detectors with combination of thin-film transistor are eligible for providing rapid access to digital images.
The global handheld ultrasound scanners held US$ 62.2 Mn in 2017 and expected to grow at compound annual growth rate (CAGR) of 17.0% during the forecast period from 2018 to 2026. Handheld ultrasound scanners also called as hand-operated ultrasound devices are portable devices designed for healthcare practitioner for imaging examination and includes smart devices connected to mobile devices and applications.
The breast imaging market is set to reach US$ 4,945.3 Mn by 2026 from US$ 2,334.2 Mn in 2017 projecting steady growth at a compounded annual growth rate (CAGR) of 8.7% during the forecast period from 2018 to 2026. World Health Organization (WHO) 2013 report states that breast cancer is the top cancer in women worldwide and growing at a rapid pace in the developing countries.
The global endoscopic ultrasound needles market accounted for a value of US$ 289.3 Mn in 2017 and expected to attain US$ 440.4 Mn by 2026. Growing geriatric population coupled with rising prevalence of diseases such as gastrointestinal, lung, liver & hepatobiliary, and pancreatic, worldwide are majorly driving the market growth. Additionally, technological advances in endoscopic ultrasound needles and increasing patient preference for minimally invasive surgeries are anticipated to display significant future outlook over the forecast period from 2018 to 2026.
Ultrasound contrast agents are used to perform or conduct contrast-enhanced ultrasound (CEUS) procedures. Microbubble contrast agents are small spherical bubbles including three phases such as innermost gas phase, shell material enclosing the gas phase, and outermost gas or liquid phase. These microbubbles have unique ability to respond to ultrasound, hence used for ultrasound imaging and research. These bubbles improve the visualization of blood flow pertaining to the surrounding tissue.
High prevalence of breast cancer in developed regions and rising cases in the developing region are the pivotal reasons for the growth of mammography systems market globally. The incidence of disease is higher in U.S., Canada, and Europe than the developing countries. The incidence rate of breast cancer is below 40 per 100,000 women in developing countries; however, the mortality rates are increasing rapidly due to lack of early detection of breast cancers, and inadequate diagnosis and treatment facilities.
The report titled “Wireless Ultrasound Scanner Market: Growth, Future Prospects, and Competitive Analysis, 2021 -2029” offers strategic insights into the overall wireless ultrasound scanner market along with the market size and estimates for the duration 2019 to 2029. The said research study covers in-depth analysis of wireless ultrasound scanner market segments based on product type and different geographies further segmented by countries.
Full body scanners are imaging equipment which can be used to detect, locate and identify any suspicious object hidden on or within a human body. In order to overcome the limitations of metal detectors, numerous security agencies have been making use of full body scanners to reveal harmful objects. Furthermore, the use of such scanners limits the requirement of physical pat downs and enables security authorities to detect any metallic or non-metallic object without physical contact with the person.
Significant growth in geriatric population and rise in incidence of chronic diseases worldwide are some of the most prominent drivers of fluoroscopy systems market. Technological advancement in the field of fluoroscopy, rapid development of healthcare infrastructure and growing implementation of image guided surgeries are also driving the global fluoroscopy systems market.
Explosive ordnance disposal (EOD) equipment refers to the equipment and tools used to locate, detect, dispose, and provide protection during explosive disposal operations. The global explosive ordnance disposal (EOD) equipment market has been segmented by equipment type, application, and geography.
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.
