Medical Imaging

Major advancements have been made in medical imaging systems in recent times. However, in most cases, diagnostic methods are not used until the consequences of an illness are realized. Inadequate access to healthcare services results in late diagnosis of diseases. Moreover, delays in obtaining test results can further aggravate the condition. However, in the last two decades, medical imaging industry has made significant development in terms of innovative, advanced and convenient imaging products. The new imaging machines, be it the X-rays, ultrasound, 3D mammography, PET and SPECT scanners, and MRI machines, have enabled ubiquitous access and early diagnosis of various condition. Also, macro-level details provided by these machines help clinicians make better decisions. Moreover, integration with information technology and cloud computing has allowed greater access to reports irrespective of the location, which enables patients to seek multiple opinions from experts around the world.

Molecular Imaging to help Early Detection of Disease

In the field of molecular imaging, the long-term aim is to develop methods that will make it possible to detect illnesses at an early stage and employ more specific diagnostic techniques. For example, most of the current available systems can detect certain tumors and deposits in blood vessels at a very early stage. Nuclear medicine examination methods that use PET/CT and SPECT/CT scanners are the most prevalent molecular imaging techniques. Such scanners generate images of lungs, livers, and hearts with high precision, and also provide information about the organs’ metabolism and other functions.

Reducing Costs and Improving Convenience

Wide availability and increasing preference for high-end imaging equipment providing cellular details are leading to steady decline in overall health expenses. Researchers at Harvard Medical School have determined that the length of a patient’s hospital stay is reduced by one day for every US$ 385 spent on medical imaging equipment. Such investments could lead to savings of around US$ 3,000 per patient. Even hospitals can capitalize on these devices, as they are constantly under pressure to reduce costs. Such technologies are expected to be pursued by both, developed and emerging economies. Moreover, integrating scanned images with the electronic health records of the patient would make the process more efficient.

Rising Demand for Advance Techniques

Demand for inexpensive, energy-saving, and ergonomic medical equipment that requires little maintenance and involves less potential risk is increasing. Moreover, miniaturization and portability of equipment, digitization of measurement values, hybrid imaging systems, and use of non-ionizing imaging modalities such as optical and ultrasound systems are factors projected to propel market growth.

Emerging Economies offering Immense Opportunity

The rapidly expanding healthcare industry in BRIC countries is driving demand for introduction of novel medical technology. The growing number of hospitals in emerging economies is offering lucrative growth opportunities for manufacturers of imaging devices. Moreover, increasing investment by public and private players in healthcare infrastructure is driving demand for advanced imaging techniques in these regions. Also, the medical tourism market is growing rapidly in these countries owing to relatively low cost of treatment. Medical assistance from skilled professionals and availability of advanced treatment techniques at much lower cost in countries such as India are some of the key factors that are creating a conducive environment for growth of the medical imaging market in these regions.

Conclusion

Diagnosis and access to diagnostic services are major issues that need to be addressed by medical imaging companies. This involves constant innovation of products based on novel technologies and operational models. Integration of information technology with existing healthcare systems is a key factor that is driving the growth of the medical imaging market.

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Medical Imaging Published Insights

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Coherent Market Insights Retinal Imaging Devices Market

Published Date : Sep 2023

The Global Retinal Imaging Devices market size was valued at US$ 2.52 billion in 2023 and is expected to reach US$ 4.75 billion by 2030, grow at a compound annual growth rate (CAGR) of 9.5% from 2023 to 2030. Retinal imaging devices are used to captur... View more

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Coherent Market Insights Us Imaging Services Market

Published Date : Apr 2023

The U.S. Imaging services market was valued at US$ 146.7 Bn in 2022 and is forecast to reach a value of US$ 225.14 Bn by 2030 at a CAGR of 5.50% bet... View more

Coherent Market Insights Veterinary Diagnostic Imaging Market

Published Date : Mar 2023

The global veterinary diagnostic imaging market was valued at US$ 900.4 Mn in 2022 and is forecast to reach a value of US$ 1578.6 Mn by 2030 at a CAGR of 7.3... View more

Coherent Market Insights Molecular Spectroscopy Market

Published Date : Dec 2022

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Coherent Market Insights Mobile Imaging Services Market

Published Date : Aug 2023

Global mobile imaging services market is estimated to be valued at US$ 14.7 Bn in 2023, and is expected to exhibit a CAGR of 3.3% during the forecast period (2023-2030).... View more

Coherent Market Insights Proton Therapy Market

Published Date : Jun 2023

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Coherent Market Insights Handheld Imaging Devices Market

Published Date : Nov 2023

Miniature version of huge diagnostic imaging machines are available in the market, which are used for diagnosing patients. Such handheld or pocket sized machines offer advantages over conventional testing methods by making results available in short span of time. Ther... View more

Coherent Market Insights Endoscopic Stricture Management Device Market

Published Date : Nov 2023

Endoscopy is a minimally invasive medical procedure that helps in visualizing the internal part of the human body (hollow organ or cavity of the body). It is performed for diagnostic as well as for the therapeutic purposes. Endoscope are equipped with camera or light ... View more

Coherent Market Insights Optical Coherence Tomography Devices Market

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Optical Coherence Tomography (OCT), is a non-invasive imaging test which uses light waves to take cross-sectional images of the eyes. These measurements help the ophthalmologist to view each distinctive layer of the eye, and map as well as measure the thickness. These... View more

Coherent Market Insights Portable Ultrasound Bladder Scanner Market

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Global portable ultrasound bladder scanner market is estimated to be valued at US$ 142.2 Mn in 2023 and is expected to exhibit a CAGR of 6.3%  during the forecast period (2023-2030).... View more

Coherent Market Insights Orthopedic Imaging Market

Published Date : May 2023

The Global Orthopedic Imaging Market is estimated to be valued at US$ 2,924.5 million in 2023 and is expected to exhibit a CAGR of 4.2 % during the forecast period (2023-2030). ... View more

Coherent Market Insights Widefield Imaging Systems Market

Published Date : Jun 2023

The global widefield imaging systems  market is estimated to be valued at US$ 592.1 million in 2023 and is expected to exhibit a CAGR of 6.7 % during the forecast period (2023-2030).... View more

Coherent Market Insights Chemiluminescence Imaging Market

Published Date : Nov 2023

Chemiluminescence is the process of converting chemical energy into visible light that is emitted as the result of chemical (oxidation or hydrolysis) reaction. This process offers sensitive and cost-effective detection methods to several radio-isotopic and fluorescenc... View more

Coherent Market Insights Magnetoencephalography Market

Published Date : Aug 2019

Magnetoencephalography Devices Market– insights Magnetoencephalography (MEG) is a vital step in pre-surgical evaluation of patients with epilepsy and brain tumors. The clinical application segment inclu... View more

Coherent Market Insights Molecular Imaging Market

Published Date : Oct 2023

The global molecular imaging market is estimated to be valued at US$ 4.77 Bn in 2023 and is expected to exhibit a CAGR of 5.6% during the forecast period (2023-2030).... View more

Coherent Market Insights Pet Ct Scanner Device Market

Published Date : Sep 2018

PET-CT Scanner Device Market – Insights A positron emission tomography (PET) - computed tomography (CT) scan reveals information about both the structure and function of cells and tissues in the body du... View more

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