Growing applications of multimodal imaging systems, technological advancements in diagnostic imaging modalities, availability of funding for research, favorable reimbursement scenario, growing insurance coverage, and increasing R&D into radiotracers are some of the key factors driving the multimodal imaging market.
The Multimodal
Imaging Market is projected to reach USD 2.9 billion by
2024 from USD 2.3 billion in 2019, at a CAGR of 4.4%.
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Based on technology, the multimodal imaging
market is broadly segmented into PET/CT systems, PET/MR systems, SPECT/CT
systems, OCT/Fundus Imaging systems, and other multimodal imaging systems
(tri-modality systems such as SPECT/CT/PET, PET/CT + MR, and IVUS + NIRS
systems, among others).
The PET/CT systems segment accounted for
the largest share of the multimodal imaging market in 2018. This can be
attributed to the increasing demand for early and accurate cancer diagnosis,
growing clinical evidence for the early detection of Alzheimer’s disease,
increasing applications of PET/CT systems in cardiology, favorable
reimbursement scenario, and the technological advancements in the field of
PET/CT.
On the basis of application, the multimodal
imaging market is segmented into brain & neurology, cardiology, oncology,
ophthalmology, and other applications. The oncology segment registered the
highest CAGR in 2018. This can be attributed to the expanding use of multimodal
imaging systems in oncology diagnosis, increasing demand for the early &
accurate diagnosis of cancer, and growing clinical evidence on the use of
multimodal imaging in the diagnosis of novel cancer types.
The multimodal imaging market is segmented
into four regional segments, namely, North America, Europe, Asia Pacific, Latin
America, and the Middle East & Africa.
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The major players operating in the
multimodal imaging market are GE Healthcare (US), Siemens Healthineers
(Germany), Koninklijke Philips N.V. (Netherlands), United Imaging Healthcare
Co., Ltd. (China), Canon Medical Systems Corporation (Japan), Mediso Medical
Imaging Kft (Hungary), Neusoft Medical Systems Co., Ltd. (China), Spectrum
Dynamics Medical (Switzerland), Infraredx, Inc. (Japan), Topcon Corporation
(Japan), Carl Zeiss AG (Germany), and Heidelberg Engineering (Germany).
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