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 report 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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The PET/CT segment accounted for the largest share of the
multimodal imaging market, by technology, in 2018
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.
The oncology segment registered the highest CAGR in the
multimodal imaging market in 2018
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.
North America accounted for the largest share of the multimodal
imaging market in 2018
The multimodal imaging market is segmented into four regional
segments, namely, North America, Europe, Asia Pacific, Latin America, and the
Middle East & Africa. North America accounted for the largest share of the
multimodal imaging market owing to factors such as the increasing availability
of radiotracers, technological advancements in diagnostic imaging modalities,
high incidence/prevalence of diseases such as breast cancer and colorectal
cancer, large number of multimodal imaging procedures performed, growing
awareness about the benefits of early diagnosis of diseases, and the rapid
adoption of technologically advanced imaging systems.
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Top Key Players:-
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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