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 market report forecasts the medical imaging market size to grow to $51.07 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

Learn More On The Medical Imaging Market Report 2023 – https://www.thebusinessresearchcompany.com/report/medical-imaging-global-market-report

Medical Imaging Market Size Forecast
The global medical imaging market is expected to grow from $37.78 billion in 2022 to $40.35 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. 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 global medical imaging market size is expected to reach $51.07 billion in 2027 at a CAGR of 6.1%.

North America held the largest medical imaging market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Medical Imaging Market Driver ­– Increase In The Prevalence Of Chronic Illnesses
For example, the Australian Bureau of Statistics, an Australia-based independent statutory body in charge of data collection and analysis as well as providing federal, state, and territory governments with fact-based recommendations, reported that in March 2022, 78.6% of the Australian population had at least one long-term health issue and 46.6%, or 11.6 million, had at least one chronic illness. Furthermore, according to the World Health Organisation, a Switzerland-based organisation responsible for international public health, there would be around 4.1 million fatalities attributable to chronic respiratory disorders per year in September 2022. As a result, the rising prevalence of chronic disorders is propelling the medical imaging industry.

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Key Medical Imaging Market Trend – Technological Advancement
To strengthen their market position, major players in the medical imaging market are focusing on developing breakthrough technologies. For example, Koninklijke Philips N.V., a Dutch manufacturer of medical imaging tools, electronics and electronic components, lighting, and computer equipment, will launch its new AI (artificial intelligence)-enhanced MR product line, Philips SmartSpeed, MR 5300, and MR 7700 smart connected systems, in November 2021. Philips SmartSpeed is designed to speed up image collection while improving image quality and detection assurance for every patient, as is the company’s new MR Workspace with AI assistance, which offers a simple option that streamlines the procedure from image collection to diagnosis, thereby improving MR operations and staff expertise.

Medical Imaging Market Segment
1) By Product: X-Ray Devices, Magnetic Resonance Imaging (MRI), Ultrasound, Computed Tomography, Nuclear Imaging, Mammography
2) By Application: Obstetrics And Gynecology Health, Orthopedics And Musculoskeletal, Neuro And Spine, Cardiovascular And Thoracic, General Imaging, Oncology, Urology, Breast Health, Other Applications
3) By End User: Hospitals, Specialty Clinics, Diagnostic Imaging Centers, Other End Users

Medical Imaging Market Major Players and Strategies
Major players in the medical imaging market are Siemens Healthcare GmbH, Canon Medical Systems Corporation, Samsung Medison Co Ltd., Koninklijke Philips N V, Carestream Health, Fujifilm Holdings Corporation, Esaote SpA, GE Healthcare, Hologic Inc., Koning Health, PerkinElmer Inc., Cubresa Inc., Hitachi Ltd., Medtronic PLC, and Analogic Corporation.

Koninklijke Philips N.V., a Dutch maker of medical imaging tools, electronics and electronic components, lighting, and computer equipment, acquired BioTelemetry Inc. for an undisclosed sum in February 2021. Philips’ cardiac care portfolio sought to leverage integrated solutions to transform the way care is given across the health continuum and effectively complement BioTelemetry Inc. through the acquisition. BioTelemetry Inc. is a cardiac monitoring and diagnostic device maker situated in the United States.

The Medical Imaging Global Market Report 2023 covers regional data on medical imaging market size, medical imaging market trends and drivers, opportunities, strategies, and medical imaging market competitor analysis. The countries covered in the medical imaging 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 refers to a group of technologies and instruments used to make images of body components in order to identify, observe, or treat medical problems. Each technology type provides unique information on the portion of the body being inspected or treated, such as probable illness, injury, or the effectiveness of medical care.

View More Reports Related To The Medical Imaging Market –
Medical Equipment Global Market Report 2023
Medical Equipment Maintenance Global Market Report 2023
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