How Will The Medical Imaging Workstations Market Globally Expand In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s medical imaging workstations market report forecasts the medical imaging workstations market size to grow to $6.67 Billion by 2027, with a CAGR (compound annual growth rate) of /almost 8%.
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Medical Imaging Workstations Market Size Forecast
The global medical imaging workstations market is expected to grow from $4.47 billion in 2022 to $4.93 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The medical imaging workstations market size is expected to grow to $6.67 billion in 2027 at a CAGR of 7.9%.
North America held the largest medical imaging workstations market share, and Asia-Pacific was the fastest-growing region in 2022.
Key Medical Imaging Workstations Market Driver – Rise In Number Of Outpatients
According to NHS Digital, a UK-based non-departmental public body, there were 124.9 million outpatient appointments in 2019-20, an increase of 1.3% from the previous year, i.e., 2018-19, in October 2020. As a result, the growing number of outpatients will propel the medical imaging workstation market forward.
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Key Medical Imaging Workstations Market Trend – Technological Advancement
Advanced medical imaging technologies are being used by healthcare organisations to generate more detailed images and to support these tools with analytic and visualisation capabilities. To strengthen their market position, major players in the medical imaging workstation market are focusing on developing new technologies. For example, in March 2022, Royal Philips, a multinational conglomerate based in the Netherlands that operates in the medical imaging workstation, launched Ultrasound Workspace, an advanced vendor-neutral echocardiography image processing and reporting technology. With its remote, browser-based accessibility, the ultrasound workspace’s unique features enable vendor-neutral 2D/3D echocardiography viewing. This new solution provides seamless diagnostic workflows, equivalent applications, and AI-powered automatic image analysis and quantification tools, all of which help to increase productivity and diagnostic quality.
Medical Imaging Workstations Market Segment
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
Medical Imaging Workstations Market Major Players and Strategies
Major players in the medical imaging workstations market are General Electric Company, Koninklijke Philips NV, Siemens Medical Systems Inc., Fujifilm Healthcare Corporation, Canon Medical Systems Corporation, Carestream Health, Hologic Inc., Pie Medical Imaging, Accuray Incorporated, Alma IT Systems, Ampronix ,Medicor Imaging, NGI Group, Ultraviol , MetaltronicaSpA, NVIDIA Corporation, Cerner Imaging Solutions, and Materialise Medical.
Canon Medical Systems Corporation, a Japanese medical equipment company, acquired Nordisk Rntgen Teknik A/S for an undisclosed sum in March 2022. Canon Medical hopes to gain access to advanced multipurpose and motorised digital radiographic imaging technologies developed and manufactured in Europe through this acquisition. Nordisk Rntgen Teknik A/S is a Danish company that specialises in diagnostic X-ray systems, medical imaging workstations, and medical equipment manufacturing.
The Medical Imaging Workstations Global Market Report 2023 covers regional data on medical imaging workstations market size, medical imaging workstations market trends and drivers, opportunities, strategies, and medical imaging workstations market competitor analysis. The countries covered in the medical imaging workstations market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Medical imaging workstations are systems and software used in radiology departments of hospitals or diagnostic centres to provide imaging-based diagnostic information to patients. Medical imaging workstations are primarily used to view and interpret images in order to diagnose patients. It’s a feature of digital imaging systems that helps with accurate diagnosis and clear visualisation of abnormalities.
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