In 2015 neurological disorder constituted about 6.3% of the global burden of disease, among which more than half of the burden in DALYs (disability-adjusted life years) is contributed by cerebrovascular disease, 12% by Alzheimer and other dementias and 8% each by epilepsy and migraine according to WHO.
Cardiovascular diseases is one of the major cause of mortality globally, it includes coronary heart diseases, stroke, heart failure, peripheral vascular disease, congenital heart disease etc.. The people suffering from cardiovascular disease or with high risk of cardiovascular risk require early monitoring and diagnosis for the management and treatment of diseases. With advancement in technology non-invasive cardiac monitoring and diagnostic play important role in management and treatment of cardiovascular diseases.
X-ray inspection systems are automated systems that use X-rays as a source to inspect defects and other inconsistencies in products during quality control and risk management processes. Thus, X-ray inspection, a non-contact imaging technique has garnered lot of interest among manufacturers as one of the promising non-destructive testing (NDT) techniques. These systems that use advanced pattern recognition and image processing software are quickly becoming an integral part of manufacturing processes.
The X-Ray security screening market comprises technologies and systems used to detect contraband, weapons, explosives, and other hidden items using X-ray imaging. These systems are commonly implemented in various security checkpoints across airports, border crossings, government buildings, and high-risk facilities. The technology includes different types of screening equipment such as baggage X-ray machines, full-body scanners, and portable device scanners.
Teleradiology is defined as the electronic transmission of radiologic images for the purpose of consultation and interpretation. Thus, teleradiology allows prompt and timely interpretation of imaging reports and offers greater access to multiple consultations. Efficient use of teleradiology also offers remote diagnosis and monitoring and cost efficiency in the long run.
The demand for X-ray tire inspection systems has been modest in developed markets like North America and Europe. The demand for X-ray tire inspection systems in these regions is expected to witness growth below the global average.
Intraoperative imaging systems assist in performing surgeries through image guidance. The possibility of shifting of the surgery target during the procedure (most commonly the brain) challenges pre-surgery imaging location. Intraoperative image guidance uses real time imaging to locate the surgery target and thus helps in precise monitoring and control over surgical procedure.
Imaging technologies such as X-ray, CT, ultrasound and MRI are the most common imaging modules used for diagnostics and other practices. Among these technologies, magnetic resonance imaging (MRI) is increasingly becoming the most preferred imaging module due to the offered advantages such as image precision, accuracy and minimum hazards from radiation exposure.
Mannequin-based simulation refers to computer representation of patient body in simulators by replacing with mannequins, drawings and animations. Some of the human functions that can be presented through mannequin simulators are spontaneous breathing, real-time vital stats information, other information such as heart sounds, pupil response, pupil size, obstruction in respiratory tracts and others.
This report on global ultrasound devices market studies various technologies, applications and products used for medical diagnosis in the field of healthcare. Ultrasound devices aid in diagnosing various diseases such as cardiology, obstetrics and gynecology, gastroenterology and others. Ultrasound is exploring relatively novel applications across several clinical specialties and points of care, from image-guiding interventions, biopsies and non-invasive diagnosis. The key factors strengthening the technology’s value proposition are high accessibility, safety, cost effectiveness, and clinical value in preliminary diagnosis.
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.
