Future Market Insights, a leading market intelligence and consulting firm, has unveiled its latest industry analysis, forecasting substantial growth in the Global Specific Imaging Solution Industry. The market, valued at approximately US$ 380.8 Million in 2022, is anticipated to witness a compelling Compound Annual Growth Rate (CAGR) of 6.5% over the forecast period, reaching an estimated valuation of US$ 756.3 Million by 2033.
The surge in demand for point-of-care imaging systems and the increasing reliance on photo-imaging techniques for enhanced disease diagnosis are identified as primary drivers propelling the market forward. The rising prevalence of chronic diseases has further intensified the need for advanced medical imaging solutions. Technological advancements in the field of medical imaging are contributing significantly to the market’s growth trajectory.
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To enhance their foothold in this region, the leading market players have adopted a variety of growth strategies. Siemens Healthineers, for example, said that China is one of their largest markets and a main source of incremental growth.
The growing adoption of 3D-model modalities by healthcare industries and institutes to provide training for advanced technology is probable to have a notable effect on the market growth during the forecast years. Moreover, the implementation of AI-based automated image quantification and assessment is also expected to boost market growth.
Key Takeaways from Global Specific Imaging Solution Industry Study
- App-based solutions are the leading segment of solutions, and hold around 57.7% market value share in 2022, owing to the increased adoption of m-Health applications along with the demand for remote healthcare.
- In terms of modality, the photos segment is dominating the market with an estimated market share of around 54.9% in 2022, owing to the ease of sharing photos by patient to physicians.
- The wound care segment is set to lead in terms of the application of specific imaging solutions with a projected market value share of around 29.6% by 2033, owing to the rising prevalence of chronic disease-related wounds.
- By end users, hospitals held a share of around 32.9% in 2022; however, specialty clinics are expected to grow at a CAGR of 18.2% during the forecasted years.
- North America dominated the global market with the U.S. generating revenue of close to US$ 159.4 Million in 2022, owing to the presence of a large number of service providers, and increased adoption of imaging solutions within the region.
“Growing awareness and benefits regarding technologically advanced imaging solutions, increasing prevalence of severe diseases such as orthopaedic, neurological, and dermatological along with the diagnosis procedures are driving the market.” says an analyst of Future Market Insights.
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Global Specific Imaging Solution Industry Competition
Product launch is one of the key strategies adopted by leading players within the global market sphere.
- At IRIA 2022 conference, Carestream Health India launched two products – DRX Compass and LUX 35C detector. These products are designed considering comfort of both patients and radiographers in mind.
- Wipro GE Healthcare, a global leader in medtech and digital solutions, introduced its advanced Revolution Aspire CT (Computed Tomography) scanner in April 2022.
Key Players
- Kent Imaging Inc
- WoundVision
- HyperMed Imaging, Inc.
- Perceptive Solutions (WoundZoom)
- eKare Inc.
- Spectral MD USA
- MolecuLight Inc.
- Others
What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the specific imaging solutions market in its latest study, presenting a historical demand assessment of 2017–2022 and projections for 2023–2033. The global-specific imaging solutions market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
The research study is based on the solutions (app-based solutions, and web-based imaging), by modality (photos, videos, 3D models), by application (wound care, dermatology, orthopedics, neurology, emergency departments, rehabilitation, forensic, and plastic surgery) by end-user (hospitals, specialty clinics, long term care facilities, forensic labs/ coroners pathologists, telemedicine, and cancer research institutes), across seven key regions of the world.
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Key Market Segments Covered in the Global Specific Imaging Solution Industry Research
By Solution:
- App-based Solutions
- Web-Based Imaging
By Modality:
- Photos
- Videos
- 3D Models
By Application:
- Wound Care
- Dermatology
- Orthopedics
- Neurology
- Emergency Department
- Rehabilitation
- Forensics
- Plastic Surgery
End User:
- Hospitals
- Specialty Clinics
- Long-Term Care Facilities
- Forensic Labs/ Coroners Pathologists
- Telemedicine
- Cancer Research Institutes
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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