Melinda Taschetta-Millane, Editorial Director
Blog | Melinda Taschetta-Millane, Editorial Director | Radiology Imaging| March 06, 2018

On the Horizon for the Medical Imaging Market

The global medical imaging devices market is expected to generate revenue of $46.65 billion by 2023

The global medical imaging devices market is expected to generate revenue of $46.65 billion by 2023, growing at a compound annual growth rate (CAGR) of 5.47 percent during the forecast period, according to the newly released study “Medical Imaging Market — Global Outlook and Forecast 2018-2023” from Research and Markets. The market research report provides in-depth market and segmental analysis of the global medical imaging market by product, distribution channel, material and geography.

According to the report, the growth is being propelled by “an increasing focus on building advanced healthcare infrastructures and expanding access to modern medical technology.” The past recent years have seen the emergence and development of technologies such as 7.0T MRI last October, multi- and thin-slice computed tomography (CT) scanners, 4-D and 5-D ultrasound imaging, and innovations in digital X-ray technologies, all of which are likely to help boost the demand for medical imaging devices in the global market. In addition, many vendors are launching next-generation medical imaging devices that help in prevention, diagnosis and treatment planning, and disease management, which undoubtedly will help elevate this growing market share.

Currently the X-ray equipment product segment held the largest market share in the global medical imaging market, occupying close to 34 percent of the market size in 2017. This is divided into three major categories: analog X-ray, digital radiography and computed radiography. “The growing adoption of mobile X-ray systems and portable X-ray devices in the emergency department, operating rooms, ICUs and NICUs will drive the growth of the market segment during the forecast period. Portable X-ray systems offer consistent system availability, improved ease-of-use and versatility, and help reduce risks in healthcare monitoring and management,” stated the report.

 

Augmented Content

As technology emerges, so do the opportunities offered to you by ITN. We are continuing to augment its print coverage in this issue, starting with the front cover, featuring breast tomosynthesis technology. Newly FDA-cleared features are highlighted by hovering over the cover through your Blippar viewfinder. You can also find enhanced content in Pediatric MRI Calming Techniques on page 20, and on page 24 in the RSNA Technology Report 2017: Enterprise Imaging. We have some other exciting advancements planned for future issues as well.

 

ITN is a Neal Awards Finalist

Also, I’m proud to announce that for the third year in a row, ITN is a finalist in the prestigious Neal Awards editorial excellence competition in the category “Best Range of Work by a Single Author,” which features a series of show videos created by Editor Dave Fornell. Now in its 64th year, the Neal Awards recognize the best in business-to-business editorial across standalone and integrated media channels. Dubbed “the Pulitzer Prize of business media,” the Neal Awards are b-to-b’s most prestigious and sought-after editorial honors. Winners of all categories will be announced in early April.

Related Content

New U.S. Tariffs on Chinese Goods Include Imaging Equipment
News | Radiology Business | June 15, 2018 | Jeff Zagoudis, Associate Editor
The Office of the U.S. Trade Representative (USTR) released the much-anticipated list of Chinese-manufactured goods...
Geraldine McGinty Elected First Female Chair of American College of Radiology

Image courtesy of the American College of Radiology

News | Radiology Business | May 22, 2018
The American College of Radiology (ACR) Board of Chancellors has elected Geraldine McGinty, M.D., MBA, FACR, as chair....
Joint ACR-SIIM Summit to Examine Economics of AI in Healthcare
News | Artificial Intelligence | May 15, 2018
On May 30, 2018, the American College of Radiology (ACR) Data Science Institute (DSI) and the Society for Imaging...
Charles E. Kahn Jr., M.D., M.S., will become editor of the new online journal, Radiology: Artificial Intelligence

Charles E. Kahn Jr., M.D., M.S.

News | Artificial Intelligence | May 02, 2018
The Board of Directors of the Radiological Society of North America (RSNA) announced that Charles E. Kahn Jr., M.D., M....
What is the cost of interrupting a radiologist?
News | Clinical Study | March 20, 2018
March 20, 2018 – A first of its kind study...
Imaging agent helps predict success of lung cancer therapy
News | Oncology Diagnostics | March 08, 2018
March 8, 2018 – Doctors contemplating the best therapy for...
Sponsored Content | Case Study | Radiology Imaging | March 06, 2018
As one of the largest Catholic, not-for-profit healthcare systems in the United States, St. Louis-based SSM Health has...
ECR 2018 Spotlights Artificial Intelligence and Current Radiology Trends
News | Interventional Radiology | February 21, 2018
The European Congress of Radiology (ECR) announced the theme of its 2018 annual meeting, Feb. 28-March 4 in Vienna...
Radiography Education Enrollment Shows Marginal Rise in 2017
News | Radiology Business | February 15, 2018
Directors of radiography educational programs report the number of enrolled students increased slightly in 2017, while...
Sponsored Content | Videos | Radiology Imaging | February 15, 2018
Kiyotaka Fujii, global healthcare senior executive officer and president of Konica Minolta, discusses the company's...
Overlay Init