Medical Imaging Workstations Market Future Growth, Business Prospects, Forthcoming Developments By Forecast To 2023
The Medical Imaging Workstations Market is estimated to grow at a CAGR of 8.9% to reach USD 1,377 million by 2023 from USD 897 million in 2018. Factors such as the rising global burden of target diseases, increased product commercialization, rising public-private investments to support product development, evolving user preference for digital platforms, and the establishment of new medical facilities are driving the growth of the global market.
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The magnetic resonance imaging segment is expected to account for the largest share of the medical imaging workstations market, by modality, in 2018
The magnetic resonance imaging segment is expected to account for the largest share of the medical imaging workstations market in 2018. The growing demand for MRI equipment can be attributed to the increasing number of MRI examinations, growing adoption of MRI for brain imaging, increasingly interconnected diagnostic MRI workflows among multiple vendors (for effective resource management), greater digitalization of diagnostic imaging processes across major countries, and the rising application of PACS in clinical workflows (such as in cardiology, ophthalmology, radiology, and dentistry).
The analysis of market developments between 2015 and 2018 has revealed that several growth strategies, such as product launches, product approvals, acquisitions, partnerships, and agreements were adopted by market players to strengthen their product portfolios and maintain a competitive position in the medical imaging workstations market. Partnerships and agreements were the most widely adopted growth strategies by market players in the last three years to garner a larger share of the market.
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North America is expected to dominate the global medical imaging workstations market in 2018
In 2018, North America is expected to account for the largest share of the global medical imaging workstations market. This can be attributed to the high incidence/prevalence of various target diseases, presence of a large number of imaging centers, fast adoption of technologically advanced imaging systems, and the strong presence of prominent market players in this region.
General Electric Company (US), Koninklijke Philips N.V. (Netherlands), Siemens AG (Germany), Fujifilm Holdings Corporation (Japan), Canon Medical Systems Corporation (Japan), Carestream Health (US), Hologic (US), Carl Zeiss Meditec AG (Germany), Accuray Incorporated (US), Capsa Healthcare (US), Ampronix (US), Medicor Imaging (US), NGI Group (France), Alma IT Systems (Spain), and Pie Medical Imaging (Netherlands) are some of the major players operating in the global medical imaging workstations market.
Market Segmentation:
Global Medical Imaging Workstations Market, by Modality
- Magnetic Resonance Imaging
- Computed Tomography
- Ultrasound
- Mammography
- Other Modalities (X-ray, angiography, radiotherapy, and nuclear imaging systems, among others)
Global Market, by Component
- Visualization Software
- Display Units
- Display Controller Cards
- Central Processing Units
Global Market, by Usage Mode
- Thin Client Workstations
- Thick Client Workstations
Global Medical Imaging Workstations Market, by Application
- Diagnostic Imaging
- Clinical Review
- Advanced Imaging
Global Market, by Clinical Specialty
- Oncology
- Cardiology
- General Imaging/Radiology
- Obstetrics and Gynecology
- Orthopedics
- Mammography
- Urology
- Other Clinical Specialties (hepatology, neurology, dentistry, bariatric surgery, respiratory care, and emergency care, among others)
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