3D Medical Imaging Services Market Statistics - 2030
The global 3D medical imaging services market was valued at $207,134.9 million in 2020, and is projected to reach $377,062.6 million by 2030, registering a CAGR of 6.6% from 2021 to 2030. The major factors that drive the growth of the global 3D medical imaging services market include increase in need for point-of-care imaging system and surge in demand for optical imaging for better diagnosis of diseases and disorders. Furthermore, rise in incidence of chronic diseases and advancements in 3D medical imaging are expected to fuel the market growth. For instance, in 2020, as per the Global Cancer Observatory, an interactive web-based platform, it was reported that second most common cancer in Europe with estimated 477,534 newly diagnosed patients.
3D medical imaging is a revolutionary optical imaging technology, which provides enlarged image of the interior body for medical analysis by utilizing 3D imaging modalities. The 3D imaging technology includes ultrasound, magnetic resonance imaging (MRI), radiography, and computed tomography scan (CT). 3D imaging plays a vital role in diagnosis of serious diseases such as oncology, cardiology, and orthopedics. 3D medical imaging system helps a surgeon to visualize clear picture of the anatomy and analyze the pathophysiology of a disease.
Increase in prevalence of cardiac diseases drives the growth of the 3D medical imaging services market. The 3D imaging system such as radionuclide imaging, ultrasound, optical imaging, and CT scan are used in diagnosis of cardiac disorders to maximize diagnosis accuracy and enhance patient care. For instance, according to the World Health Organization (WHO), in June 2021, it was observed that cardiovascular diseases (CVDs) are the leading cause of death across the globe. In addition, increase in number of hospitals &diagnostics centers, and initiatives taken by government and private organizations to develop medical sectors drive the growth of market.
Furthermore, increase in R&D activities in 3D imaging technology, increase in number of 3D medical imaging devices, and rise in number of approval for products boosts the growth of the market. For instance, in April, 2021, Canon Medical Systems USA, Inc., a leading developer of medical devices, announced the U.S. Food and Drug Administration (FDA) approval for One-Beat Spectral Cardiac CT for cardiovascular imaging.
Moreover, increase in number of key players to develop innovative technologies and new product launches in the global market are anticipated to contribute toward the growth of the market. For instance, in November, 2021, Canon Medical Systems USA, Inc., a leading manufacturer of diagnostic devices, announced the launch of Vantage Fortian, which is an innovative remote tablet and in-room camera solutions for monitoring and positioning patients to enhance workflow. However, high cost of 3D medical imaging technology and unfavorable reimbursement scenario hamper the growth of the market.
3d Medical Imaging Services Market Segmentation
The 3D medical imaging services market is segmented on the basis of techniques, application, and region. By techniques, the market is categorized into ultrasound, X-ray, MRI, and others. The X-ray segment is classified into radiography, computed tomography and fluoroscopy. The other segment, is classified into positron emission tomography (PET), single-photon emission computed tomography (SPECT), hybrid imaging, and medical photography. Depending on application, it is categorized in oncology, cardiology, orthopedic, and others.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Arabia, South Africa, and LAMEA).
By Techniques
MRI segment held a dominant position in 2020 and would continue to maintain the lead over the forecast period.
Segment Review
According to technique, the MRI segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to advancements in MRI technology. However, the ultrasound segment is expected to witness considerable growth during the forecast period, owing to advancement in technology in medical healthcare sector and multiple advantages offered by 3D ultrasound imaging compared to traditional ultrasound imaging.
As per the application, the oncology segment dominated the market in 2020, and this trend is expected to continue during the forecast period, owing to rise in prevalence of cancer and increase in demand for early diagnosis. However, the cardiology segment is expected to witness considerable growth during the forecast period, due to increase in prevalence of cardiovascular disease, rise in geriatric population, and rise in sedentary lifestyle.
By Application
Oncology was holding a dominant position in 2020 and would continue to maintain the lead over the analysis period.
Region wise, North America garnered the major share in the 3D medical imaging services market in 2020, and is expected to dominate the global market during the forecast period, owing to rise in prevalence of chronic diseases, presence of key players for development of 3D medical imaging services, and well-established healthcare infrastructure in the region. However, Asia-Pacific is expected to register the highest CAGR of 7.6% from 2021 to 2030, owing to increase in the number of hospitals, surge in demand for early diagnosis, rise in prevalence of cancer, cardiac disease, and increase in number of geriatric population.
The key players operating in the global 3D medical imaging services market include Accurate imaging Inc., Atlantic Medical Imaging Inc., Cobalt Health, Digirad Corporation, Del Medical Systems Group, Inc., Front Range Mobile Imaging Inc., Inhealth Group Ltd., RadNet Inc., Teleradiology Solutions, and Trident USA Health Services.
By Region
North America was holding a dominant position in 2020 and would continue to maintain the lead over the analysis period.
Key Benefits For Stakeholders
- The report provides an in-depth analysis of the global 3D medical imaging services market size along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers market analysis from 2021 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
- A comprehensive analysis of the region assists to understand the regional market and facilitate strategic business planning and determine prevailing opportunities.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global 3D medical imaging services market growth.
3D Medical Imaging Services Market Report Highlights
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Analyst Review
This section provides the opinions of the top-level CXOs operating in the global 3D medical imaging services market. According to the insights of the CXOs, the global 3D medical imaging services market is expected to exhibit high growth potential attributable to factors such as increase in prevalence of chronic diseases, including cancer, cardiovascular disorders and lung diseases and rise in number of hospitals & diagnostic centers. 3D imaging technology are mainly used for the diagnosis of chronic diseases.
The 3D imaging technology include ultrasound, X-ray, and MRI. In addition, advancements in 3D imaging technology are expected to drive the growth of the 3D medical imaging services market.
North America is expected to witness the highest growth, in terms of revenue, owing to the rise in prevalence of cancer, presence of key players, advancement in R&D activities in healthcare sector, and increase in number of hospitals & diagnostic centers, in the region.
However, high cost of 3D medical imaging technology and unfavorable reimbursement scenarios are expected to hamper market growth during the forecast period.
The total market value of 3D medical imaging services market is $207,134.9 million in 2020.
The forecast period in the report is from 2021 to 2030
The market value of 3D medical imaging services market in 2021 was $212,333.9 million
The base year for the report is 2020.
Yes, 3D medical imaging services companies are profiled in the report
The top companies that hold the market share in 3D medical imaging services market are Accurate imaging Inc., Atlantic Medical Imaging Inc., Cobalt Health, Digirad Corporation, Del Medical Systems Group, Inc., Front Range Mobile Imaging Inc., Inhealth Group Ltd., RadNet Inc., Teleradiology Solutions, and Trident USA Health Services
Asia-Pacific is expected to register the highest CAGR of 7.6% from 2021 to 2030, owing to increase in number of diagnostic centers, and demand for advanced diagnosis of diseases.
The key trends in the 3D medical imaging services market are by an increase in the prevalence of cancer; rise in number of hospitals; and advancements in 3D imaging technology
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