• John Watson

Global Emerging Diagnostic Imaging Market Size to grow by US$ 51.34 Billion in 2030

The emerging diagnostic imaging market is projected to reach USD 51.34 Billion by 2030, at a CAGR of 4.8%.

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The need for cutting-edge imaging modalities by teaching hospitals and universities to offer training for cutting-edge technology is anticipated to expand significantly. Additionally, the deployment of AI to automate the process of picture quantification and identification is anticipated to accelerate market expansion. To ensure the early detection of age-related macular degeneration, Google's AI platform, known as Google's Deepmind, worked with Moorfields Eye Hospital to read all eye scans produced using an optical CT scanner. The development of 3D MRI and CT scans also makes it possible for radiologists to examine scans fast, cutting down on analysis time and increasing efficacy.

Advanced ultrasound transducers have recently developed, opening up new applications for ultrasound devices in biomedical and cardiovascular imaging. Furthermore, it is anticipated that a strong emphasis on the development of portable ultrasound devices would increase the applications of this modality in both ambulatory and emergency care. Furthermore, deployment of Artificial Intelligence (AI) in ultrasound equipment is about to automate the process of picture quantification and selection.

The demand for medical imaging equipment is expected to be influenced by factors like the growing need for early and affordable diagnosis of chronic diseases and the ageing global population. Two of the main reasons influencing the market growth are the introduction of technologically sophisticated gadgets and the expansion of the healthcare industry in Asian nations. A rising number of diagnostic imaging operations are being performed all over the world as a result of the rising prevalence of chronic diseases like diabetes, cancer, arthritis, and cardiovascular disease.

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X-Ray Devices is dominating the market growth of the global emerging diagnostic imaging market owing to the increasing usage for x-ray. Increased usage of interventional x-ray equipment, such as C-arms and others, for image-guided surgeries is the main factor driving this market's growth. The development of C-arms, notably tiny C-arms with flat panel detectors and digital radiography, has significantly increased the need for x-ray equipment.

Hospital is dominating the market growth of the global emerging diagnostic imaging market owing to the increase in demand for high-tech imaging modalities and the incorporation of surgical units with imaging equipment. As compared to general or specialty hospitals, teaching hospitals in several affluent nations have seen a dramatic increase in demand for various treatment modalities. Additionally, the number of new hospitals in developing nations in the Asia-Pacific area has sharply increased.

North America is expected to dominate the market share of global emerging diagnostic imaging market owing to the presence of major key players and technological advancements. Existence of established healthcare facilities combined with growing geriatric population demand for cutting-edge healthcare systems. Additionally, increasing geriatric population and diseases connected with it, simple availability to diagnostic imaging techniques, and widespread acceptance of new technologies.

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May 2022- FUJIFILM VisualSonics launched the new multi-modal Vevo F2 imaging platform for preclinical ultrasound that will enable better imaging clarity and processes improved frame rates over traditional platforms.

November 2021- Philips launched AI-enabled MR portfolio of smart diagnostic systems to streamline workflows, optimize quality and ensure the operation of diagnostic imaging solutions.

August 2020- Philips has launched Affiniti CVx and Release 7.0 of EPIQ CVx to support cardiology departments by improvising its cardiovascular ultrasound solutions.

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