Medical Digital Imaging Systems Market

Global Medical Digital Imaging Systems Market Size (2023 to 2028)

The global market for medical digital imaging systems is predicted to grow to USD 29.23 billion by 2028 from USD 17.25 billion in 2023, growing at a CAGR of 11.12% from 2023 to 2028.

A medical digital imaging system is an imaging device to get a better look inside the human body and provides an early diagnosis of disease. Digital imaging provides better diagnostic information. Electronic images can be viewed immediately after acquisition on a screen rather than waiting for a film to be processed. In addition, radiographic images can be accessed remotely due to digital technology. Any location with a network and internet connection can now access remote viewing due to high networks and the internet.

Impact of COVID-19 on the global medical digital imaging systems market:

Covid-19 has spread all over the world. The COVID-19 pandemic has sped up the development of artificial intelligence (A.I.) software in the healthcare industry and funding for AI-based drug and vaccine research, medical imaging, patient screening, triage, and monitoring. Due to the increasing number of covid-19 cases, the number of X-ray and C.T. scans has been exceedingly high due to the effectiveness of chest X-rays in diagnosing Covid-19. As a result, medical imaging tests have increased compared to previous years. To expand the availability and capabilities of medical X-ray, ultrasound, and magnetic resonance imaging (MRI) systems as well as image analysis software used to diagnose and monitor medical conditions, the U.S. Food and Drug Administration (FDA) released guidance. This policy aims to minimize the risks that patients, healthcare professionals, and healthcare technology management (HTM) could be exposed to COVID-19. As a result, the market has had positive growth during this pandemic.

MARKET DRIVERS:

The growing usage of digital imaging systems in hospitals is one factor driving the medical digital imaging systems market forward.

Many hospitals are adopting the newest HL7-integrated EMRs and EHRs. Another imaging technique utilized in hospitals is ultrasound. It has a wide range of medical applications, including eye examinations, the research of vascular structures, and fetal health evaluations in pregnancies.

The rising usage of cloud-based technology in the healthcare industry is another factor boosting the growth of the medical digital imaging systems market.

Cloud technology is also used to store medical data. Applications for cloud-based medical imaging make it simpler to store and retrieve DICOM-formatted imaging files. In addition, the "blockchain" process is improved by cloud-based applications. A digital record is "chained" when a new one is added to an existing one. A blockchain can be expanded to include cloud-based images, making the patient's medical records available to any doctor worldwide.

Artificial intelligence in medical imaging systems is a lucrative opportunity for the market.

A.I. has been applied to different image modalities that are used at various stages of the treatment. Radiomics, the extraction of many image features from radiation images with a high-throughput approach, is one of the most popular research projects in medical imaging. Researchers are using A.I. in radiology to identify detectable or not visible findings by the human eye. Modern 3D visualizations, imaging software solutions, and AR/VR have made it possible for medical imaging technology to advance exponentially. Faster outcomes and better picture compression are made possible by these digital technologies. High-quality images with multi-dimensional visualization are produced using modern technologies in 3D visualization.

MARKET RESTRAINTS:

The lack of experienced people and the high equipment cost are the major restraints of the medical digital imaging systems market. In addition, for many different types of imaging exams, tissue effects such as cataracts, skin reddening, hair loss, lengthy scan times, and an inability to show calcification are the challenges of the medical imaging digital systems market.

REPORT COVERAGE:

This research report on the global medical digital imaging systems market has been segmented and sub-segmented based on type, technology, end-user, and region.

Medical Digital Imaging Systems Market – By Type:

• X-ray
• MRI
• Ultrasound
• CT
• Nuclear Imaging

The CT scanners segment accounted for a significant share of the medical digital imaging systems market worldwide in 2022. A computer tomography scan is a computerized X-ray imaging procedure in which X-rays are focused on a patient, producing signals by the machine's computer to generate images. C.T. scans can detect disease or injury in various body parts. As an illustration, C.T. has developed into a helpful screening tool for finding suspected cancers or lesions in the abdomen. In addition, when multiple forms of heart disease or anomalies are detected, a C.T. scan of the heart may be performed.

Medical Digital Imaging Systems Market – By Technology:

• 2D
  • BnW
  • Color
• 3D/4D

Based on the technology, the 3D/4D segment led the market in 2022. Developments in 3D and 4D imaging technology make it possible to view the human body and reduce distortion for the patient. 4D medical imaging (4DMI) improves the performance of volumetric imaging techniques, including C.T., MRI, and PET. By using 4D medical imaging, oncologists can deliver advanced 4D radiation therapy (4DRT). 

Medical Digital Imaging Systems Market – By End-User:

• Hospitals and Clinics
• Diagnostic Centers

Medical Digital Imaging Systems Market – By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

North America held the most significant share in the global medical digital imaging systems market in 2022. With increasing chronic diseases, early diagnosis also increased. Chronic diseases affect almost 80% of people, and lifestyle factors like nutrition and exercise play a significant role. Nearly half of all Americans are estimated to have at least one chronic disease, such as arthritis, heart disease, or hypertension. More than 80% of type 2 diabetes, 85% of coronary heart disease, and 75% of colon cancer among adults in the United States.

The Asia Pacific is in the next position, followed by North America. Next, Siemens Healthiness opens its giant manufacturing plant in Bengaluru, which provides powerful imaging for orthopedic trauma, spine, pain management, gastro, and urology surgeries. It is one of biggest for the diagnostics imaging company globally. The Chinese government is heavily investing in healthcare reform, and the market is expected to increase. For example, Alibaba Cloud collaborated with a hospital in the province of Zhejiang to automatically detect thyroid cancer from ultrasound scans. Alibaba Cloud claims that roughly 20,000 photos were used to train its algorithm, which proved 85% accurate in test runs. The business is also working on a way to spot lung cancer in chest C.T. scans.

KEY MARKET PARTICIPANTS:

Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers, Esaote SPA, Canon Medical Systems Corporation, Hologic, Inc., Hitachi Medical Corp., Shimadzu Corporation, Carestream Health, Inc., and Esaote SpA are a few of the noteworthy players in the global medical digital imaging systems market covered in this report.

RECENT HAPPENINGS IN THIS MARKET:

• In 2020, Canon Medical Systems USA Inc. launched Mobile Digital X-ray System to improve workflow and productivity.
• In 2021, FUJIFILM Sonosite, Inc. announced the launch of the new Sonosite PX ultrasound system in Canada. The most advanced visual clarity is seen in Sonosite PX, the next generation of Sonosite POCUS.