The new report by Expert Market Research titled, ‘Global Medical Imaging Phantoms Market Report and Forecast 2023-2028’, gives an in-depth analysis of the global medical imaging phantoms market analysis, assessing the market based on its segments like device type, end-use, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 6.1%
The market growth is being driven by the increasing prevalence of chronic diseases among the population across the world, owing to the sedentary lifestyles and improper nutrition. In addition to this, the rising cases of injuries, coupled with the rapid increase in the incorporation of medical imaging devices across hospitals and surgical centres, has been propelling the market growth.
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Over the forecast period, the market growth is anticipated to be bolstered by the growing efforts by the healthcare authorities to improve the accuracy and traceability of the medical imaging systems. Geographically, North America accounts for a significant share of the global market owing to the high healthcare expenditure of the United States and Canada.
Medical Imaging Phantoms Industry Definition and Major Segments
Medical imaging phantom is an object which is used as an alternative to human tissues in the body. Medical imaging phantom enables an enhanced productivity, reliability, and facilitates better results in the medical imaging systems. It is an integral part of healthcare and ensures that the process of imaging operates correctly.
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On the basis of device type, the market can be segmented into:
- X-Ray/Fluoroscopy Phantoms
- Ultrasound Phantoms
- CT Phantoms
- MRI Phantoms
- Nuclear Imaging Phantoms
Based on end-use, the market can be segmented into:
- Academic and Research Institutes
- Diagnostic and Reference Laboratories
- Medical Device Companies
The regional markets for medical imaging phantoms include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Medical Imaging Phantoms Market Trends
The key trends in the medical imaging phantoms market include the growing research and development activities aimed towards developing phantoms using 3D printing technology, along with CT, MRI, and ultrasound, among others. The robust development of high-end medical imaging equipment and gadgets are likely to accelerate the demand for medical imaging phantoms in the coming years.
Other key trends include the rising healthcare expenditure in the emerging economies, increasing health awareness and disposable income, and favourable reimbursement policies of the government. Furthermore, the increasing investments in nuclear imaging phantoms are likely to provide significant impetus to the market growth.
Key Market Players
The major players in the market are:
- Biodex Medical Systems, Inc.
- Computerized Imaging Reference Systems, Inc.
- Kyoto Kagaku Co., Ltd.
- Modus Medical Devices Inc.
- Pure Imaging Phantoms
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skillful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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