X-ray Systems Lead the North America Medical Imaging Market from 2021 to 2028
According to the latest market research report, “North America Medical Imaging Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product and End User,” the market is projected to grow from USD 8,083.5 million in 2021 to USD 10,986.5 million by 2028, at a CAGR of 4.5% during the forecast period.
📚𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 – https://www.businessmarketinsights.com/sample/TIPRE00025113
Market Overview
The growth of the North America medical imaging market is driven by the adoption of advanced imaging technologies and a rising demand for early and accurate diagnostics. However, the market faces challenges such as declining reimbursement rates, which are expected to restrain growth to some extent.
Impact of COVID-19
The pandemic significantly affected the healthcare landscape in North America, with widespread disruptions in medical services due to lockdowns and social distancing measures. Many elective procedures and routine imaging appointments were delayed or canceled. However, medical imaging played a vital role in COVID-19 care—particularly in lung imaging using CT and ultrasound scans.
Major companies such as Siemens Healthineers and General Electric Company adapted quickly, promoting imaging technologies to assist in the management of COVID-19 patients. Siemens, for example, provided lung ultrasound systems, which emerged as valuable tools in diagnosing acute respiratory conditions when CT was not readily available. Despite manufacturing and supply chain disruptions, the increased demand for imaging to support COVID-19 diagnosis and treatment helped fuel market growth during this period.
Market Introduction (Rewritten):
Medical imaging encompasses a range of techniques used to capture visual representations of the human body for diagnosis and treatment within the realm of digital health. These techniques include X-ray, fluoroscopy, MRI, ultrasound, endoscopy, elastography, tactile imaging, thermography, medical photography, and nuclear medicine methods such as PET scans. Medical imaging plays a vital role in all levels of healthcare and is essential for accurate diagnosis and effective treatment planning.
The rising need for early disease detection is expected to significantly boost demand for medical imaging technologies in the coming years, driving growth in the global medical imaging market.
In North America, the surge in COVID-19 cases has disrupted regular healthcare services, with many appointments and treatments delayed or canceled. Despite these challenges, imaging technologies like CT scans and ultrasounds have proven essential in managing COVID-19-related complications, particularly for lung assessments. Companies such as Siemens Healthineers and GE Healthcare have actively supported these efforts. For example, Siemens Healthineers has promoted the use of lung ultrasound as a practical tool for diagnosing acute respiratory issues when CT access is limited. While the pandemic has impacted production and supply chains, the increased demand for diagnostic imaging has helped propel 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
| Attribute | Details |
| Market Size (2021) | US$ 8,083.5 Million |
| Market Size (2028) | US$ 10,986.5 Million |
| Global CAGR (2021–2028) | 4.5% |
| Historical Data | 2019–2020 |
| Forecast Period | 2022–2028 |
| Segments Covered | By Product |
| CT, X-ray, PET, MRI, Ultrasound Systems |
| By End User |
| Hospitals, OP Centers, Clinician Offices, Emergency Care Centers |
| Regions/Countries Covered | North America (US, Canada, Mexico) |
| Key Market Players | GE, Siemens, Philips, Shimadzu, Hitachi, Canon, Hologic, Carestream, ESAOTE, Samsung |
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.
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.
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.
NORTH AMERICA MEDICAL IMAGING MARKET SEGMENTATION
| Category | Details |
| By Product | CT Systems, X-ray Systems, PET Systems, MRI Systems, Ultrasound Systems, Others |
| By End User | Hospitals, OP Centres, Clinicians Offices, Emergency Care Centres |
| By Country | North America (US, Canada, Mexico) |
| Companies Mentioned | General Electric Company, Siemens AG, Koninklijke Philips N.V., Shimadzu Corporation, Hitachi, Ltd., Canon Inc., Hologic, Inc., Carestream Health Inc., ESAOTE SPA, Samsung Group |
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
