Medical Imaging Workstations Market Size, Trends and Growth Analysis by Modality (Computed Tomography, MRI, X-ray), Component (Visualization Software, Display Units), Usage Mode (Thin, Thick) Application (Diagnostic Imaging, Clinical Review) End User (Diagnostics Centers), Forecast Till 2023
— Medical Imaging Workstations Market Analysis
Global Medical Imaging Workstations Market size is estimated to grow at a CAGR of 8.5% from 2018 to 2023 (forecast period). The medical Imaging workstation plays a significant role in the information flow in the hospital and is part of an extensive collection of IT systems. Medical imaging workstations have become the fundamental technology in modern medical diagnostics for treating a variety of acute and chronic diseases, including cardiovascular disorders and cancer. The use of medical imaging/diagnostic workstations has reduced manual workflow and significantly increased diagnostic accuracy and precision in recent years. Diagnostic technology is continually shifting to automated systems and impacting the growth of the market for medical imaging /diagnostic workstations.
Factors affecting medical imaging workstations market growth include rising government investment and support for research into the modernization of imaging services, favorable reimbursement policies, and ongoing technical developments in imaging systems to enhance healthcare infrastructure. Moreover, the growth of this diagnostic imaging market is driven by an increase in the elderly population and increased spending on health care. As stated by the United Nations World Population Prospects, about 962 million older people aged 60 and over were present worldwide in 2017. This is about 13% of the world's population. A study conducted by the National Institutes of Health (NIH) in 2015 reported that the use of imaging services among elderly patients (65 years of age and older) are at least twice that of younger patients.
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Despite the drivers, the high cost of advanced technology imaging devices and the lack of technical capacity to manage these systems may inhibit the growth of the medical imaging workstations market during the assessment period.
Medical Imaging Workstations Market Segmentation
The global medical imaging workstations market has been segmented into modality, component, usage mode, application, and end-user.
By modality, the global medical imaging workstations market has been segmented into computed tomography, ultrasound, MRI (Magnetic Resonance Imaging), ultrasound, mammography, radiography, and others.
By component, the global medical imaging workstations market has been segmented into visualization software, display units, display controller cards, central processing units, and others.
By usage mode, the global medical imaging workstations market has been segmented into thin client workstations and thick client workstations.
By application, the global medical imaging workstations market has been segmented into diagnostic imaging, clinical review, advanced imaging.
By end-user, the global medical imaging workstations market has been segmented into hospitals, diagnostics centers, ambulatory centers, and others.
Medical Imaging Workstations Market Regional Analysis
By region, the global medical imaging workstations market has been segmented into the Americas, Europe, Asia Pacific, and the Middle East & Africa.
The Americas are expected to dominate the global market for medical imaging workstations due to the significant clinical R&D budgets of both government and public and private entities for diagnostic imaging and the growing adoption of advanced technologies. Moreover, favorable reimbursement insurance providers are increasingly involved in the health care system in order to reduce prices and further stimulate the development of the medical imaging workstations market.
Europe is set to retain the second-largest position in the global medical imaging workstations market.
The medical imaging workstations market in the Asia Pacific region consists of countries like China, Japan, the Republic of Korea, India, Australia, and the rest of Asia Pacific. The Asia Pacific region is projected to be the fastest-growing region due to rising demand for technologically advanced imaging devices, enhanced healthcare services, and a variety of others.
The Middle East & Africa has the least medical imaging workstations market share in the global market for medical imaging workstations. The majority of the market in the region is expected to be held by the Middle East region due to growing government initiatives in the healthcare sector.
Medical Imaging Workstations Market Key Players
Some of leading participants in the global medical imaging workstations market are Accuray Incorporated, Alma Medical Imaging, Ampronix, Canon, Capsa Solutions LLC, Carl-Zeiss Meditec AG, Fujifilm Holdings Corporation, General Electric Company, Hologic, Carestream Health, Koninklijke Philips N.V., Medicor Imaging, NGI Group, Pie Medical Imaging B.V., Siemens AG, Others.
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