3D Medical Imaging Equipment Market

Global 3D Medical Imaging Equipment Market Size (2022 to 2027)

The global 3D medical imaging equipment market is expected to grow at a CAGR of 6.02% during the forecast period. As a result, the global revenue is estimated to reach USD 18.29 billion by 2027 from USD 13.66 billion in 2022.

The 3d imaging system in healthcare is a new technological advancement that enables healthcare professionals to get more in-depth and precise imaging of the internal organs with minimal radiation or tissue damage. 3d imaging helps get a better picture of the blood vessels and bones from multiple angles for better diagnosis and treatment of various problems. The process uses 3d modeling techniques to derive precise conditions of the tissues in the body. Procedures like MRI scanning, x-rays, and CT scans are now using 3d imaging for accurate results. 3d imaging is used in all different branches of healthcare, such as orthodontics, urologists, cardiologists, gynecologists, and others. They are also used before surgeries for accurate images of the conditions of the organs. Therefore, 3d imaging equipment is an essential device used in healthcare settings. 

Some of the key findings of the report:

• Based on device type, the CT scanner segment had the leading share of the market in 2021.

• Based on the Application, the orthopedic segment accounted for a significant market share in 2021.

• The North American 3D medical imaging equipment market is anticipated to be worth USD 6.06 billion by 2027.

• Europe's 3D medical imaging equipment market was valued at USD 3.91 billion in 2021.

• The Asia-Pacific 3D medical imaging equipment market is estimated to grow at a CAGR of 7.94% from 2022 to 2027.

• The 3D medical imaging equipment market in Latin America and MEA is projected to grow at a CAGR of 6.93% and 4.34%, respectively, during the forecast period.

Impact of COVID-19 on the global 3D medical imaging equipment market:

There are several significant issues with the COVID-19 outbreak that have expanded globally. First, companies incurred substantial financial losses due to the pandemic's interruption of supply and demand networks, which led to lockdown limitations. A rise in cases and patients, as well as a shortage of beds, medical equipment, and healthcare professionals to provide for the patients, significantly negatively influenced the healthcare sector. Finally, the focus was on the COVID patients; less urgent procedures and physicals had to be postponed.

The pandemic hurt the global 3D medical imaging market, like many other markets. The decline in revenue can be attributed to the fact that many healthcare settings shifted their focus to covid patients, and further diagnostics and treatment procedures were either postponed or canceled. In addition, elective surgeries were delayed, and many diagnostic centers and clinics were shut down due to the COVID-19 pandemic. Therefore, the demand for 3D imaging significantly reduced during the pandemic leading to a loss for the market. However, the market is expected to bounce back during the post covid era.

MARKET DRIVERS:

The growing use of digital imaging technologies in hospitals, such as ultrasonography, has several medical services, including eye examinations, vascular structure studies, and assessments of the health of developing fetuses. In addition, AI is being used by researchers. The development of the project is aided by using current 3D medical imaging systems in radiology to uncover results that are either traceable or not visible to the naked eye. Modern technologies are used in 3D medical imaging systems to deliver quicker results, improved image compression, and high-quality pictures with multidimensional visualization.

The technological advantages and 3D systems support market expansion.

The 3D medical imaging equipment market is driven by technical developments, increasing R&D spending, and government support. The market's rise is caused by the growing elderly population and chronic illnesses requiring quick and precise diagnosis and treatment. In addition, increased adoption and use of 3D medical imaging technology in the pharmaceutical and orthodontic areas are anticipated to fuel market expansion. 3D layout and animation technology aid in the production of biomedical components for organ transplants, as well as 3D Modeling in situations of bone fractures when tissue engineering is necessary. Consequently, 3D design methods are a crucial component of healthcare systems.

The increased cases of diseases and the minimal damage to the tissues and the body done by the 3D medical imaging equipment are promoting its acceptance in the healthcare industry, thus promoting growth. 

MARKET RESTRAINTS:

The technological obstructions hinder the market with the procedures like MRI, which takes a lot of time, and a CT scan which exposes consumers and doctors to radioactive energy. Additionally, the lack of skilled professionals in the field and reduced funding in healthcare departments are expected to stop market growth. 

REPORT COVERAGE:

This global 3D medical imaging equipment market report has been segmented and sub-segmented based on the following categories.

Global 3D Medical Imaging Equipment Market - By Device Type: 

• Ultrasound systems

• CT

• X-Ray devices

• MRI

The CT scan segment is expected to dominate the market during the forecast period due to the rising cancer cases worldwide, which require a CT scan to determine the cancerous stages and the treatment necessary for the same. In addition, CT scan is now widely available in various hospitals and healthcare settings, promoting segment growth. 

The ultrasound segment is also expected to show fast progress during the forecast period due to the rising demand for ultrasound procedures and the continuous technological improvements in the ultrasound equipment and process field. 

Global 3D Medical Imaging Equipment Market - By Application: 

• Cardiology

• Orthopedic

• Oncology

The orthopedic segment had dominated the market in the past due to the growing geriatric population and rising incidents of traffic accidents along with the prevalence of musculoskeletal problems, especially in older folks, especially older people. However, the cardiology segment is expected to dominate the market during the forecast period due to the rising cases of heart diseases worldwide.

Global 3D Medical Imaging Equipment Market - By Solution: 

• 3D Rendering

• 3D Scanning

• 3D Modeling

The 3D rendering segment is expected to dominate the market during the forecast period due to its advanced ray tracing algorithms, which help provide better healthcare services and organ visualization facilities for various purposes. 

The 3D modeling segment is also expected to grow during the forecast period due to the usage of anatomical models in surgical procedures, which help save time and bring efficiency to surgery. In addition, the anatomical models assist training surgeons and guide them to performing surgeons. 

Global 3D Medical Imaging Equipment Market - By Region:

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East and Africa

The 3D medical imaging equipment market in North America is expected to grow significantly and hold the largest share of the revenue during the forecast period due to the increased investments in R&D, long-term care facilities, the presence of established healthcare infrastructure, widespread adoption of 3D technology, advanced specialty centers, the presence of key market players, favorable reimbursement policies, the higher purchasing power of healthcare settings, an increase in the prevalence of chronic diseases, and the adoption of technologies in countries like the U.S. and Canada. 

The 3D medical imaging equipment market in Asia-Pacific is also expected to show fast progress due to the development of the healthcare infrastructure, the expansion of hospitals, the rise in the incidence of chronic diseases like cancer and brain hemorrhage, the increase in medical tourism, the surge in demand for early diagnosis, the aging of the global population, and investments from market participants in nations like India, China, Japan, and South Korea are just a few examples.

KEY MARKET PLAYERS:

There are several significant players in the global 3d medical imaging equipment market. Here are a few of the most prominent players, Analogic, ContextVision, EOS Imaging, Esaote, Fuel 3D Technologies, FUJIFILM Medical System, Gendex, Hologic, Imaging Sciences International, Intelerad Medical System, Intrasense, Mindray Medical International, Mithil Scans, J. Planmeca, Morita, etc. 

RECENT MARKET HAPPENINGS:

• In September 2022, GE Healthcare revealed that their AIR Recon DL for 3D and Propeller imaging sequences had been approved by FDA 510(k). Nearly all clinical MRI procedures using magnetic resonance imaging (MRI) can benefit from using Air Recon DL. All anatomies are covered by the platform, which results in superior picture quality, faster scan times, and an enhanced patient experience. According to a press statement from GE Healthcare, the solution is compatible with 2D and 3D imaging sequences. This enhances the clarity and signal-to-noise ratio (SNR) of the diagnosis for medical professionals. Meanwhile, it claimed that 3D imaging increased clinical efficiency by doing away with the requirement for several 2D acquisitions. This can result in a quicker diagnosis.

• In September 2022, Neosoma, Inc., a pioneer in medical technology dedicated to assisting doctors in developing the treatment of brain tumors, announced today that it had been awarded U.S. Neosoma HGG, a company's first AI-based neuro-oncology software product, has received FDA 510(k) approval (High-Grade Glioma). The most prevalent and complex types of malignant primary brain cancer are high-grade gliomas, which include glioblastoma. The brain MRI is a doctor's most effective tool in clinical practice for assessing the specifics and changes in a brain tumor. However, this poses substantial difficulties even for the most skilled doctors, which may immediately affect clinical treatment.