Medical Imaging

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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.


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

Coherent Market Insights

U.S. Imaging Services Market, By Modality (X-rays, CT Scans, Nuclear Medicine Scans, MRI Scans, and Ultrasound) and By End User (Hospitals, Diagnostic Imaging Centres, and Others)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030

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

Handheld Imaging Devices Market, by Product Type (With Transducer, Without Transducer, and Other Accessories), by Compatibility with Operating System (Android and iOS), by End User (Hospitals, Diagnostic Centers, and Point of Care), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Jun 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

Intravascular Ultrasound Imaging System Market, by Product (IVUS Consoles, IVUS Catheter, and Accessories), by End User (Hospitals, Ambulatory Care Centers, and Others), and by Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Jun 2023

Intravascular ultrasound imaging system (IVUS) is a catheter-based imaging technique, which allows visualization and assessment of the morphological properties of blood vessels and heart. It provides observation of the real-time aortic diameter assessment. This techni... View more

Coherent Market Insights

Dental Loupes and Cameras Market by Product Type (Front-Lens-Mounted Loupe, Galilean Loupe, Prismatic Loupe, and Flip Up Loupe), by End User (Dental Hospitals, Dental Clinics, and Others) and by Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Jun 2023

Dental loupes and cameras have emerged as an important tool at the service of dentist for complex dental surgical and treatment needs. Dental loupes provide detailed view of the treatment area at ease of the dentist, even minute area could be operated, which is not vi... View more

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