The Multimodal Imaging Market refers to the global market for medical imaging technologies that utilize multiple imaging modalities to provide comprehensive and complementary information for diagnostic purposes, research, and treatment planning.
As per the recently published report by
MarketsandMarkets™, The
report "Multimodal Imaging Market by Technology (PET-CT, SPECT-CT, PET-MR,
OCT/FMT), Application (Oncology, Cardiology, Brain, Ophthalmology), End User
(Hospitals, Diagnostic Centers, Academia, Research) - Global Forecasts to
2028", is projected to reach USD 5.5 billion by 2028 from USD 4.2 billion
in 2023, at a CAGR of 5.7% from 2023 to 2028.
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- 150 Market Data Tables
- 40 Figures
- 350 Pages and in-depth TOC on " Multimodal
Imaging Market - Global Forecast to 2028”
Some of the prominent key players are:
- GE Healthcare (US),
- Koninklijke Philips N.V. (Netherlands),
- Canon Medical Systems Corporation
(Japan),
- Siemens AG (Germany),
- Topcon Corporation (Japan). and many more......
Mergers & acquisitions, investments &
expansions, partnerships & collaborations, and new product developments are
some of the major strategies adopted by these key players to enhance their
positions in the Multimodal Imaging Market.
Market Segmentation: -
- Based on technology, the global
multimodal imaging market is segmented into PET-CT, PET-MR, SPECT-CT,
OCT/FMT, and other multimodal imaging market. The SPECT/CT segment is
anticipated to register the second highest growth rate over the forecast
period. The PET/CT multimodal segment accounted for the highest share of
the multimodal market in 2022.
- Based on end use, the global multimodal
imaging market is segmented into brain & neurology, cardiology,
ophthalmology, oncology, and research application. The brain and neurology
segment is anticipated to register the second highest growth rate over the
forecast period. The oncology application segment accounted for the
highest share of the multimodal market in 2022.
- Based on end user, the multimodal market
is segmented into hospitals, diagnostic imaging centres, research and
academia and other end users. The hospitals segment accounts for the
largest share of the market in 2022.
- The Asia Pacific multimodal market is
estimated to register a significant growth from 2023 to 2028. The
increasing patient population, rising geriatric population, rapid economic
growth and increasing disposable income are driving the market growth in
APAC countries.
Regional Analysis:
North America, comprising the US and Canada,
accounted for the largest share of the multimodal imaging industry in 2022. The
faster growth of the multimodal imaging market in North America can be
attributed to its technological leadership, robust healthcare infrastructure,
high market demand driven by prevalent chronic diseases and an aging
population, ample financial resources for advanced medical equipment
investment, established regulatory frameworks ensuring safety and quality,
active research collaboration, insurance coverage for advanced diagnostics,
patient expectations for comprehensive care, and a competitive market
environment fostering innovation.
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Recent
Developments of Multimodal Imaging Industry
- In March 2023, Philips
and the Champalimaud Foundation collaborate to achieve a 50% reduction in
the carbon footprint of their diagnostic imaging operations within the
next five years.
- In May 2023, St. Luke's
University Health Network chooses GE HealthCare for a USD 30 million
purchase of state-of-the-art CT technology, incorporating the power of
Artificial Intelligence.
- In November 2022, Canon
Inc. revealed its plans to form a new subsidiary called Canon Healthcare
USA, Inc. With this strategic move, Canon intends to enhance its position
within the influential American medical market and expedite the expansion
of its medical business.
- In April 2022, The
enhanced partnership between GE HealthCare and Sinopharm focuses on the
development and commercialization of medical equipment designed to meet
the specific healthcare requirements of China.
The Multimodal Imaging Market is poised for continued growth
as healthcare providers and researchers seek more advanced and accurate
diagnostic and imaging solutions. Advancements in technology and the increasing
focus on personalized medicine are likely to drive further innovation in this
field.
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