Medical Imaging Industry

The market for medical imaging systems and technologies is highly dynamic and exhibits high paced development of innovative products and technologies. The numerous advancements in the field of 3D imaging have led to significant development in the field of computer aided detection (CAD) and has made the field of medical imaging even more sophisticated.

Over the past few years, a continuous rise in chronic diseases such as a variety of cancers, respiratory cardiovascular and orthopedic conditions, along with the continuous rise in the aging population globally has increased the demand for a variety of medical imaging services. The market, which had a valuation of over US$27,700 million in 2014, is expected to expand at over 5.5% CAGR between 2014 and 2023, and value more than US$45,000 mn by 2023.

The market is also gaining traction owing to the introduction of portable systems such as portable, mobile, and hand-held X-ray devices, which find applications in ICUs and emergency departments. The recent advancements in ultrasound technology and equipment, which are proving to be immensely beneficial for the diagnosis of complex diseases such as a variety of cancers have also led to the rising demand for a number of medical imaging systems. provides you with simplified, unbiased, and factual research reports for understanding of the overall state of the global medical imaging market. By analyzing the key drivers, restraints, and trends of the market, the research reports present the reader with a plethora of data necessary for making effective decisions.

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