North America Medical Imaging Market Trends, Size, Segment and Growth by Forecast to 2030

Market Overview and Dynamics

The Medical imaging market in North America is expected to grow from US$ 8,083.5 million in 2021 to US$ 10,986.5 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028. Big data analytics is revolutionizing healthcare in general, so it is no surprise that there is much to look forward to in the future of analytics in medical imaging. According to experts at the University of Cincinnati, “the continuous development of big data and data mining will provide radiologic professionals with real-time data during the imaging process,” which, in turn leads to fewer errors and more personalized care. For example, analytics are often used to detect patterns specific to a certain pathology. Imaging algorithms can derive metrics using intensive analysis of these patterns in a digital image, and then deliver scores that complement any analyses made by the radiologist, resulting in quicker, customized, and accurate diagnoses.

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Market Introduction

Medical imaging refers to techniques and processes used to create images of various parts of the human body for diagnostic and treatment purposes within digital health. The term, medical imaging, includes various radiological imaging techniques such as: X-ray radiography, Fluoroscopy, Magnetic resonance imaging (MRI), Medical ultrasonography or ultrasound, Endoscopy, Elastography, Tactile imaging, Thermography, Medical photography and nuclear medicine functional imaging techniques e.g., positron emission tomography (PET). Medical imaging is crucial in every medical setting and at all levels of healthcare

Thus, the increasing demand for early diagnosis are expected to create a significant demand for medical imaging in the coming years, which is further anticipated to drive the medical imaging market.

North America is witnessing the growing number of COVID-19 cases. Additionally, Mexico and Canada cases are also growing. Due to coronavirus spreading, many cities are shutting down causing treatments and doctor’s appointment cancellation. Patients with serious health conditions, such as Cardiovascular, General Imaging, Musculoskeletal, OB and GYN, Vascular needs physical distancing with others, however, delays in such chronic disease treatments are distressing. However, In the situation of COVID-19 many companies such as Siemens Healthineers, General Electric Company are taking initiative in the United States, used imaging techniques such as CT and ultrasounds to scan the lungs of patients as a part of the treatment of COVID-19. For instance, Siemens Healthineers, is providing lung ultrasound which is strongly recommended for acute respiratory failure and can be a useful alternative during the COVID-19 outbreak if CT is not readily available. Therefore, although there has been a disruption in manufacturing and supply chain models of the manufacturing companies, the heightened demand for computed tomography scans and imaging units led to spur in the market growth.

North America Medical Imaging Strategic Insights

Strategic insights for the North America Medical Imaging provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Medical Imaging Report Scope

North America Medical Imaging Regional Insights

The geographic scope of the North America Medical Imaging refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas

Key Market Segments

In terms of product, the X-ray systems segment accounted for the largest share of the North America medical imaging market in 2020. In terms of end user, the hospitals segment accounted for the largest share of the North America medical imaging market in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the medical imaging market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are General Electric Company, Siemens AG, Koninklijke Philips N.V., Shimadzu Corporation, Hitachi, Ltd., Canon Inc., Hologic, Inc., Carestream Health Inc., ESAOTE SPA, and Samsung Group.

Reasons to buy report

• To understand the North America Medical imaging market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for North America Medical imaging market
• Efficiently plan M&A and partnership deals in North America Medical imaging market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America Medical imaging market
• Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.

NORTH AMERICA MEDICAL IMAGING MARKET SEGMENTATION

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Akshay
Senior Market Research Expert at Business Market Insights