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Who are the key players in the medical digital imaging systems market?

What is a medical digital imaging system?

In order to diagnose, monitor, or treat medical disorders, the term “medical imaging” refers to a number of various technologies that are used to see the human body. Each technology type provides distinct information on the part of the body being investigated or treated, in relation to potential illness, damage, or the efficacy of medical care.

An early illness diagnosis is possible thanks to the employment of imaging tools, which are referred to as “medical digital imaging systems.” Some of the main modalities that aid in the early diagnosis of illnesses are X-ray machines, computed tomography scanners, ultrasound machines, MRI machines, nuclear imaging machines, and mammography machines.

Fundamentals in Medical Digital Imaging Systems Market 

  • Early illness As chronic illnesses become more common, diagnosis is becoming more and more crucial. According to the Centers for Disease Control and Prevention, about 40% of Americans have two or more chronic illnesses, and nearly 60% of Americans have at least one (CDC). The market for medical digital imaging equipment is becoming increasingly dependent on the urgent need for early diagnosis.
  • The probability of developing a disease increases with age. Therefore, the rise in older persons with acute and chronic diseases including cancer and cardiovascular disorders has led to an increase in the usage of medical imaging diagnostic equipment. These imaging diagnosis procedures are also being promoted by a number of regional and national governments in an effort to reduce healthcare expenses and enhance patient care in general. As a result, more people all around the world are having MRI, CT, and X-ray scans done.

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COVID-19 Impact on Medical Digital Imaging Systems Market

The worldwide market was negatively impacted by the COVID-19 epidemic. The dramatic drop in patient visits with hospitals had a negative overall effect on significant market categories. The need for magnetic resonance imaging (MRI) devices and molecular imaging technologies was also significantly impacted by the epidemic.

Opportunities in medical digital imaging systems market for key players

  • The diagnostic procedure is not complete without the use of medical imaging. Radiologists require and employ medical imaging, such as CT scans, MRIs, and ultrasounds, to accurately diagnose and treat illnesses. Medical imaging technologies are also used by doctors to assess a patient’s response to a particular therapy.
  • Along with the industry’s strong growth rates, the need for medical digital imaging equipment among hospitals will rise. Sales of medical imaging systems to hospitals are predicted to grow by 5% a year until 2027. Due to the rising need for pre-diagnosis for most illnesses, hospitals are heavily dependent on medical imaging technologies like MRI and CT scans.

Key players in medical digital imaging systems market

Some key players operating in the medical digital imaging systems market include Siemens Healthcare, Hitachi, GE Healthcare, Koninklijke Philips, Canon Medical Systems Corporation, Hologic, Medtronic, and Shimadzu Corporation.

According to Data Bridge Market Research, the market for medical digital imaging systems, which was valued at USD 15.1 billion in 2021, is projected to soar to USD 28.72 billion by 2029 and have a CAGR of 8.37% from 2022 to 2029. The market report created by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework in addition to market insights like market value, growth rate, market segments, geographic coverage, market players, and market scenario.

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