What’s The Growth Forecast For 3D Diagnostic Imaging Services Market Through 2024-2033?
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The 3D diagnostic imaging services market has experienced robust growth, reaching $207.38 billion in 2023 and set to climb further to $219.96 billion in 2024, showcasing a compound annual growth rate (CAGR) of 6.1%. This growth is attributed to various factors, including the increase in the need for point-of-care imaging systems, a rise in chronic diseases, a surge in demand for optical imaging, the adoption of 3D imaging, and escalating healthcare expenditure.
Anticipated Surge and Key Drivers in the Coming Years
- The market is projected to witness substantial growth, reaching $279.17 billion by 2028, with a CAGR of 6.1%.
- Key drivers include the growing need for early diagnosis and preventive medicine, increased investments in healthcare infrastructure, rising demand for 3D accelerometers in smartphones and gaming consoles, and a growing geriatric population.
- Major trends in the forecast period encompass technological advancements, the integration of artificial intelligence (AI), increased investments, product innovation, and collaborations and acquisitions.
Rising Prevalence Of Chronic Diseases Fuels Growth In The 3D Diagnostic Imaging Services Market
- Impact of Chronic Diseases on Market Growth
- Chronic diseases necessitate ongoing management and treatment.
- 3D diagnostic imaging services assist in managing chronic diseases by providing detailed visualization for precise monitoring.
- Projection for the Future
- By 2050, the number of individuals aged 50 and older with at least one chronic illness is projected to surge by 99.5%, reaching 142.66 million.
- Driving Force for Market Growth
- The prevalence of chronic diseases is a significant driver for the growth of the 3D diagnostic imaging services market.
Key Players Driving Market Innovation
- Prominent Companies in the 3D Diagnostic Imaging Services Market
- Major companies shaping the market include Laboratory Corporation of America Holdings, Quest Diagnostics Inc., Koninklijke Philips N.V., GE Healthcare Technologies Inc., and many others.
- Innovation for Global Presence
- Companies are developing advanced imaging solutions to gain a competitive edge.
- Example: Koninklijke Philips N.V.’s Compact 5000 Series offers premium image quality in a portable ultrasound unit, aiming to enhance diagnostic confidence.
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Molecular Devices Expands Mobile Medical Imaging Offerings Through Acquisition
- Strategic Acquisition by Molecular Devices
- In April 2023, Molecular Devices acquired Interim Diagnostic Imaging, enhancing its mobile cardiac catheter and angiography lab solutions.
- The acquisition diversifies and improves the product offering, providing a full range of medical imaging labs.
- Expanded Services by Interim Diagnostic Imaging
- Interim Diagnostic Imaging offers long- and short-term rentals of mobile CT scanners, mobile MRI scanners, and mobile PET scanners.
Segmentation and Market Dynamics
- Market Segmentation
- The 3D diagnostic imaging services market is segmented by technique (ultrasound, MRI, X-ray, CT, and others), application (oncology, cardiology, orthopedic, and others), and end-user (diagnostic centers, hospitals, research centers).
- Regional Dominance
- North America emerged as the largest region in the 3D diagnostic imaging services market in 2023, showcasing its pivotal role in market dynamics.
Conclusion: A Visionary Future for 3D Diagnostic Imaging The 3D diagnostic imaging services market’s trajectory, fueled by the increasing prevalence of chronic diseases, technological advancements, and strategic acquisitions, presents a dynamic landscape. As companies innovate and expand their global presence, the market is poised for remarkable growth. With a focus on early diagnosis, preventive medicine, and the integration of cutting-edge technologies, the future holds promising opportunities for stakeholders in the 3D diagnostic imaging services sector.
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