The Medical Imaging Workstations Market Size was valued at USD 5.49 billion in 2022, and is expected to reach USD 10.02 billion by 2030, and grow at a CAGR of 7.8% over the forecast period 2023-2030.
The medical imaging workstations are significant parts of the digital imaging system. Software that is already installed on medical workstations helps to automate the procedures. Due to the market's high standards for interoperability, the range of medical imaging workstations is expanding. Open systems and open source are working together to build technology and make the software available to the public as a result of the workstations' quick evolution. Open systems have become more prominent and are important in the field of medical imaging. Open-source software, which is free and in the public domain, is used on workstations more commonly by those who use medical imaging.
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The expansion is being driven exclusively by the acceptance of medical imaging workstations for keeping track of patient information, information flow, and precise diagnosis. We anticipate the release of technologically sophisticated and reasonably priced equipment to further support the growth. The development and uptake of medical imaging workstations is being aided by the paradigm shift toward automated methods for illness diagnosis. Throughout the projection period, it is predicted that a rise in ambulatory and outpatient imaging centers would fuel demand for medical imaging workstations. It is anticipated that throughout the forecast period, there will be a significant increase in the demand for economical diagnostic solutions in isolated rural locations. But there are several obstacles and problems that will prevent the market from expanding. Some of the barriers to market expansion are high product prices, a shortage of trained workers, and lack of awareness.
DRIVERS
The Global Burden of Target Diseases is Growing
More widespread product commercialization
More Money Being Invested to Support Product Development
medical imaging workstations are being adopted more widely
Changes in User Preference for Digital Platforms
Creating New Medical Facilities
RESTRAINTS
Pricing for High-End Goods
OPPORTUNITIES
Workflows for medical imaging that incorporate cloud-based technologies and AI
Unknown emerging markets
CHALLENGES
Lack of Skilled Workers
Lack of Knowledge
MARKET ESTIMATION
By Modality
The majority of the market is dominated by computed tomography (CT). By displaying a thorough interior anatomy, a CT scan aids in selecting the best course of treatment. The use of CT contributes to shorter hospital stays and more comfortable patients. As a result, during the projected period, segment expansion is anticipated to be influenced by the increased preference for CT over other diagnostic technologies.
Due to its key advantages, including noninvasiveness and the capacity to produce 3D images using magnetic fields and radio waves, Magnetic Resonance Imaging (MRI) is predicted to experience significant development during the projected period. The exposure to radiation and its negative effects are reduced when an MRI is used for diagnosis. Other modality categories, including as mammography and ultrasound, are anticipated to experience significant increase throughout the estimated period.
By Component
The market for visualization software is anticipated to grow significantly over the forecast period. With the use of this programmed, a complex set of data can be understood precisely and accurately. To do this, a lot of data must be gathered, and the data must be presented clearly. As a result, these aids medical professionals in making a precise diagnosis.
A cost-effective component for disease diagnosis and data presentation is hardware. These include equipment for data processing and displaying. The segment is anticipated to be driven throughout the projected period by the availability of inexpensive integrated circuits, compact storage units, and the advent of advanced.
By Usage Mode
Thin Client workstations and Thick Client workstations are the two market segments. The market category for thin client workstations is anticipated to hold a bigger share. The demand for thin client workstations is primarily being driven by factors like the growing need of early and accurate patient diagnosis (combined with provider emphasis on increased workflow efficiency) and the growing inclination for remote and multimodal patient monitoring.
By Application
Clinical review, Diagnostic imaging, and advanced imaging workstations are the three categories under which the medical imaging workstations market is divided. Due to the market's ongoing shift from 2D to 3D clinical diagnostics and the increased integration of cloud-based solutions, PACS, and thin-client platforms into healthcare infrastructure across developed countries, the diagnostic imaging workstations segment is anticipated to hold the largest share of the market.
By Clinical Specialty
The market is divided into categories such as general imaging/radiology, cancer, cardiology, obstetrics and gynecology, mammography, orthopedics, urology, and other clinical specialties. Due to the increasing demand for early and efficient cancer diagnosis and treatment, as well as the increased use of multimodal diagnostic for an accurate clinical assessment of cancer, the oncology segment is predicted to have the greatest proportion of the market. Some of the factors promoting the growth of this market segment include the rising incidence of cancer across major healthcare markets, the ongoing commercialization of medical imaging workstations specifically designed for oncology, and the robust research ecosystem aimed at the development of novel cancer diagnosis & treatment strategies.
By Modality
Magnetic Resonance Imaging
Computed Tomography
Ultrasound
Mammography
By Component
Visualization Software
Display Units
Display Controller Cards
Central Processing Units
By Usage Mode
Thin Client Workstations
Thick Client Workstations
By Application
Diagnostic Imaging
Clinical Review
Advanced Imaging
By Clinical Specialty
Oncology
Cardiology
General Imaging/Radiology
Obstetrics and Gynecology
Orthopedics
Urology
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The biggest portion of the overall industry was held by North America. A few of the elements anticipated to have a significant impact on regional market dynamics include the existence of international companies, advantageous reimbursement scenarios, and increased adoption of digital platforms for diagnosis. The area is anticipated to maintain its dominance till.
During the forecasted years, Asia Pacific is expected to have the highest CAGR. Some of the elements promoting regional expansion include the rise in demand for sophisticated imaging and the existence of local market participants in nations like China, India, and South Korea.
REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Some of the major key players are as follows: Alma Medical Imaging, Carl-Zeiss Meditec AG, Ampronix, Canon, Accuray Incorporated, Carestream Health, Hologic, Fujifilm Holdings Corporation, Capsa Solutions LLC, General Electric Company, Medicor Imaging, Koninklijke Philips N.V., NGI Group. and Other Players.
Report Attributes | Details |
---|---|
Market Size in 2022 | US$ 5.49 Billion |
Market Size by 2030 | US$ 10.02 Billion |
CAGR | CAGR of 7.8% From 2023 to 2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Modality (Magnetic Resonance Imaging, Computed Tomography, Ultrasound, Mammography) • By Component (Visualization Software, Display Units, Display Controller Cards, Central Processing Units) • By Usage Mode (Thin Client Workstations, Thick Client Workstations) • By Application (Diagnostic Imaging, Clinical Review, Advanced Imaging) • By Clinical Specialty (Oncology, Cardiology, General Imaging/Radiology, Obstetrics and Gynecology, Orthopedics, Mammography, Urology) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | Alma Medical Imaging, Carl-Zeiss Meditec AG, Ampronix, Canon, Accuray Incorporated, Carestream Health, Hologic, Fujifilm Holdings Corporation, Capsa Solutions LLC, General Electric Company, Medicor Imaging, Koninklijke Philips N.V., NGI Group. |
DRIVERS | • The Global Burden of Target Diseases is Growing • More widespread product commercialization • More Money Being Invested to Support Product Development |
RESTRAINTS | • Pricing for High-End Goods |
Ans: The Medical Imaging Workstations Market size was valued at US$ 5.49 billion in 2022.
The biggest portion of the overall industry was held by North America.
Medical Imaging Workstations Market is divided into five segments By Modality, By Component, By Usage Mode, By Application, and By Clinical Specialty.
Pricing for High-End Goods are the restraints of Medical Imaging Workstations Market
Ans: The Medical Imaging Workstations Market is to grow at a CAGR of 7.8% over the forecast period 2023-2030.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Medical Imaging Workstations Market Segmentation, By Modality
8.1 Magnetic Resonance Imaging
8.2 Computed Tomography
8.3 Ultrasound
8.4 Mammography
9. Medical Imaging Workstations Market Segmentation, By Component
9.1 Visualization Software
9.2 Display Units
9.3 Display Controller Cards
9.4 Central Processing Units
10. Medical Imaging Workstations Market Segmentation, By Usage Mode
10.1 Thin Client Workstations
10.2 Thick Client Workstations
11. Medical Imaging Workstations Market Segmentation, By Application
11.1 Diagnostic Imaging
11.2 Clinical Review
11.3 Advanced Imaging
12. Medical Imaging Workstations Market Segmentation, By Clinical Specialty
12.1Oncology
12.2 Cardiology
12.3 General Imaging/Radiology
12.4 Obstetrics and Gynecology
12.5 Orthopedics
12.6 Mammography
12.7 Urology
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14.Company Profiles
14.1 Alma Medical Imaging
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Carl-Zeiss Meditec AG
14.3 Ampronix
14.4 Canon
14.5 Accuray Incorporated
14.6 Carestream Health
14.7 Hologic
14.8 Fujifilm Holdings Corporation
14.9 Capsa Solutions LLC
14.10 General Electric Company
15. Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share Analysis
15.3 Recent Developments
16. Conclusion
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