Comprehensive Analysis of the Medical Imaging Workstations Market 2025-2034: Growth Rates, Trends, and Future Opportunities
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How has the medical imaging workstations market grown in recent years?
In the past few years, there has been significant growth in the market size of medical imaging workstations. Predictions suggest it will elevate from $5.43 billion in 2024 to $5.88 billion by 2025, marking a compound annual growth rate (CAGR) of 8.3%. The key driving factors contributing to this growth in the historical period include advancements in clinical diagnosis, medical education and training, the deployment of picture archiving and communication systems (pacs), improvements in radiology department efficiency, and the advent of precision medicine.
How is the medical imaging workstations market size expected to evolve during the forecast period?
The market for medical imaging workstations is projected to witness a surge over the coming years, expanding to a value of $8.84 billion by 2029 with a compound annual growth rate (CAGR) of 10.7%. This significant growth within the forecast period can be associated with factors such as sustainable solutions for the workstations, patient-centric care, integration of multi-modal imaging, telehealth services, and worldwide health preparedness. Key trends that will dominate this forecast period comprise artificial intelligence (AI)-assisted automation, data protection and privacy, the interchangeability and exchange of data, integration with electronic health records (EHR), and advancements within the field of medical imaging.
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Which key drivers are propelling the medical imaging workstations market’s growth?
The upward trend in the number of outpatients is predicted to boost the expansion of the medical imaging workstations market. The term ‘outpatients’ refers to individuals needing medical attention but do not need to stay in the hospital overnight. The frequency of outpatient visits has seen substantial growth in recent times, while the number of inpatient discharges has reduced, particularly for imaging. Imaging facilities are transitioning from an inpatient to an outpatient framework. This shift towards standalone outpatient services has been largely influenced by new demands from payers and the preferences of patients. For example, in March 2023, Becker’s Hospital Review, a US healthcare industry trade publication, reported that 95% of health leaders anticipate a rise in outpatient volumes in 2023. Among them, 40% predict a surge of 10% or more. Therefore, due to the escalating number of outpatients, the medical imaging workstation market is likely to experience significant growth.
What are the market segments in the medical imaging workstations industry?
The medical imaging workstations market covered in this report is segmented –
1) By Modality: Magnetic Resonance Imaging, Computed Tomography, Ultrasound, Mammography, Other Modalities
2) By Component: Visualization Software, Display Units, Display Controller Cards, Central Processing Units
3) By Usage: Thick Client Workstations, Thin Client Workstations
4) By Application: Diagnostic Imaging, Clinical Review, Advanced Imaging
5) By End-User: Hospitals, Diagnostic Centers, Ambulatory Centers, Other End-user
Subsegments:
1) By Magnetic Resonance Imaging (MRI): Closed MRI Workstations, Open MRI Workstations, MRI Post-Processing Workstations
2) By Computed Tomography (CT): Standard CT Workstations, Advanced CT Post-Processing Workstations, Mobile CT Workstations
3) By Ultrasound: Portable Ultrasound Workstations, Cart-Based Ultrasound Workstations, Ultrasound Image Processing Workstations
4) By Mammography: Digital Mammography Workstations, Stereotactic Biopsy Workstations, 3D Mammography Workstations
5) By Other Modalities: X-ray Workstations, Nuclear Medicine Workstations, Fluoroscopy Workstations
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Which leading companies are shaping the growth of the medical imaging workstations market?
Major companies operating in the medical imaging workstations market include General Electric Company, Koninklijke Philips NV, Siemens Medical Systems Inc., Fujifilm Healthcare Corporation, Canon Medical Systems Corporation, PaxeraHealth, Hologic Inc., Carestream Health India Pvt. Ltd., Carl Zeiss AG, Capsa Healthcare, Esaote SpA, Medicor Imaging, NGI Group, Chimaera GmbH, Hitachi Medical Systems, Toshiba Medical Systems Corporation, Samsung Medison Co. Ltd., Shimadzu Corporation, Agfa-Gevaert NV, Sectra AB, Merge Healthcare Inc., Intelerad Medical Systems Incorporated, McKesson Corporation, Agilent Technologies India Pvt. Ltd., Analogic Corporation, Barco NV, ContextVision AB, EDDA Technology Inc., Infinitt Healthcare Co. Ltd., Mirada Medical Limited
What key trends are currently impacting the medical imaging workstations market’s development?
The ongoing trend of technological progression in the medical imaging workstation market is increasingly notable. Hospitals and other healthcare groups are utilising forward-looking medical imaging technologies which offer enhanced imagery and are supported by analytical and visualisation features. Key players in this market sector are centred on inventing new technologies to fortify their stance in the market. For example, Royal Philips, the multinational conglomerate from the Netherlands active in the medical imaging workstation market, introduced Ultrasound Workspace in March 2022. This is an advanced technology for processing and reporting echocardiography images, independent of the vendor. The exceptional attributes of this ultrasound workspace include 2D/3D echocardiography viewing that can be accessed remotely via any browser. This novel innovation facilitates uninterrupted diagnostic processes and consistent applications. Additionally, it has AI-based automated image analysis and measuring functions to elevate productivity and diagnostic precision.
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Which geographic areas are influencing the growth of the medical imaging workstations market?
North America was the largest region in the medical imaging workstations market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical imaging workstations market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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