Melinda Taschetta-Millane, Editorial Director
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

Versatile, future-proof digital imaging unit scales to meet growing technology needs of customers
News | Digital Radiography (DR) | August 06, 2020
August 6, 2020 — Carestream Health has launched its...
Ghost imaging approach could enable detailed movies of the heart with low-dose X-rays

Researchers developed a high-resolution X-ray imaging technique based on ghost imaging that can capture the motion of rapidly moving objects. They used it to create a movie of a blade rotating at 100,000 frames per second. Image courtesy of Sharon Shwartz, Bar-Ilan University

News | X-Ray | August 06, 2020
August 6, 2020 — Researche...
New Medical Imaging and Data Resource Center will aid AI development and medical advancement to battle COVID-19

Getty Images

News | Coronavirus (COVID-19) | August 05, 2020
August 5, 2020 — The nation’s largest medical imaging associations are working together to develop the new Medical Im
Mobile CT scanner reimagines head imaging of critically ill patients by enabling patients and staff to remain in ICU
News | Computed Tomography (CT) | August 05, 2020
August 5, 2020 — The Food and Drug Administration (FDA) has cleared the...
Imaging volumes in hospitals and practices previously slowed by the coronavirus pandemic continue to hold steady, according to new QuickPoLL survey results that gauge how radiologists feel about current business and the impact of COVID-19.
Feature | Coronavirus (COVID-19) | August 03, 2020 | By Melinda Taschetta-Millane
Imaging volumes in hospitals and practices previously slowed by the coronavirus pandemic continue to hold steady, acc
According to the new market research report "Radiation Dose Management Market by Products & Services (Standalone Solutions, Integrated Solutions, Services), Modality (Computed Tomography, Nuclear Medicine), Application (Oncology, Cardiology, Orthopedic), End User (Hospitals) - Global Forecast to 2025", published by MarketsandMarkets, the radiation dose management market is projected to reach USD 422.65 million by 2025 from USD 220.22 million in 2020, at a CAGR of 13.9%.

Courtesy of MarketsandMarkets Research

News | Radiation Dose Management | August 03, 2020
August 3, 2020 — According to the new market research report "...
Franco Fontana, CEO of the Esaote Group, and Xie Yufeng, Chairman of WDM.

Franco Fontana, CEO of the Esaote Group, and Xie Yufeng, Chairman of WDM.

News | Digital Radiography (DR) | July 31, 2020
July 31, 2020 — In the thick of the COVID-19 eme
Older Americans may be receiving cancer screenings not recommended by the U.S. Preventive Services Task Force, according to Penn State College of Medicine researchers.

Getty Images

News | Radiology Imaging | July 31, 2020
July 31, 2020 — Older Americans may be receiving cancer screenings not recommended by the...