Medical Imaging Phantoms Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe global medical imaging phantoms market size is anticipated to
reach USD 212.4 million by 2027, according to a new report by Grand View
Research, Inc., registering a CAGR of 5.2% from 2020 to 2027. Diagnostic
radiology is widely adopted for precision diagnosis of brain injuries, cancer,
and other diseases. In addition, computed tomography (CT) scan and magnetic
resonance imaging (MRI) are widely used techniques. These phantoms help in
enhancing the efficiency of these imaging devices by helping medical experts in
detecting, interpreting, analyzing, and evaluating information required for
treatments. Therefore, the increasing adoption of these devices for the
diagnosis of severe diseases is expected to drive the market growth.
Effective reimbursement
scenario of medical imaging and growing competition to provide advanced
technologies are a few factors driving the adoption of the product. Moreover,
growing participation of key players in various radiology conferences is
expected to drive the adoption of these devices and their respective phantoms.
Increasing number of preclinical studies to understand the effectiveness of
these phantoms for hybrid imaging devices is expected to expand the growth
potential in the coming years.
Introduction of advanced
materials and production techniques are some of the major factors expected to
strengthen the applications of these phantoms for specific diseases.
Introduction of advanced simulating phantoms is anticipated to provide deep
insights on actual dynamics at a cellular level, thus enhancing the precision
in diagnostics.
These devices have various
associated advantages, which is a key factor driving the market growth. For
instance, realistic medical imaging phantoms of organs and tissues are being
developed using 3D technology to enhance the performance of medical imaging
devices. This, in turn, is expected to drive the medical imaging phantom market
growth over the forecast period.
Further key findings from the report suggest:
- X-ray phantoms held the largest market
share in 2019 mainly due to the growing number of x-ray units launches in
various countries
- Nuclear imaging phantoms is projected to
register the highest CAGR over the forecast period owing to the growing
adoption of nuclear
medicine. In addition, increasingly advanced and safer radionuclides
and high accuracy of nuclear imaging modality are some factors
contributing toward the segment growth
- Hospitals dominated the market in 2019
owing to significant number of favorable government initiatives to improve
the quality of treatment offered to patients and the steep rise in medical
reimbursement policies
- The academic and research institutes
segment is expected to witness a steady growth from 2020 to 2027 owing to
high product demand for educational purposes for providing efficient
training regarding the usage of these phantoms
- North America held the largest share in
2019 owing to the high adoption of advanced medical products, increasing
government expenditure for research activities, and growing number of
product launches in the region
- The major players present in the medical
imaging phantommarket include Biodex Medical Systems, Inc.; Modus Medical
Devices Inc.; Carville Limited; PTW Freiburg GmbH; Dielectric Corporation;
Quart GmbH; Kyoto Kagaku Co. Ltd; and Leeds Test Objects Ltd.
Access full research report on global medical
imaging phantoms market:
www.grandviewresearch.com/industry-analysis/medical-imaging-phantoms-market
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Created on Mar 31st 2020 18:39. Viewed 360 times.