3D Medical Imaging Devices Global Market Report 2024

“3D Medical Imaging Devices Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on 3d medical imaging devices market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
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• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for 3d medical imaging devices? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The 3d medical imaging devices market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Ultrasound; X-ray; CT Scan; Other Types
• 2) By Application: Gynecology and Obstetrics; Cardiology; Neurology; Orthopedics; Oncology
• 3) By End User: Diagnostic Centers; Hospitals; Research Centers
• Companies Mentioned: GE Healthcare; Royal Philips; Siemens AG; The Esaote Group; Materialise NV
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

3D medical imaging represents an advanced optical technology that generates magnified internal body images for precise medical analysis. This imaging method employs computer-aided design (CAD) or magnetic resonance imaging (MRI) to create a three-dimensional visual representation of bodily structures.

The primary modalities within 3D medical imaging include ultrasound, X-ray, CT scans, and other techniques. X-rays specifically produce 2D images that simulate a 3D perspective in imaging. This technology finds applications in gynecology, obstetrics, cardiology, neurology, orthopedics, and oncology, catering to diverse end-users such as diagnostic centers, hospitals, and research facilities.

The 3D medical imaging market research report is one of a series of new reports from The Business Research Company that provides 3D medical imaging market statistics, including 3D medical imaging industry global market size, regional shares, competitors with a 3D medical imaging market share, detailed 3D medical imaging market segments, market trends and opportunities, and any further data you may need to thrive in the 3D medical imaging industry. This 3D medical imaging market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The 3d medical imaging devices market size has grown strongly in recent years. It will grow from $16.27 billion in 2023 to $17.23 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The expansion observed during the historical period can be credited to advancements in diagnostic precision, the adoption of minimally invasive procedures, a growing aging population, and the increasing trend towards personalized medicine.

The 3d medical imaging devices market size is expected to see strong growth in the next few years. It will grow to $21.67 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The anticipated growth in the forecast period can be ascribed to the expansion of emerging markets, supportive regulatory measures, the integration of artificial intelligence (AI) and machine learning, and an emphasis on early detection and intervention. Key trends expected during this period encompass the rise of liquid biopsies, the adoption of multi-omics approaches, increased utilization of point-of-care testing, as well as the implementation of screening and early intervention campaigns.

The growth of the 3D medical imaging market is significantly influenced by the rising incidence of injuries, particularly sports-related injuries. This increase in sports-related injuries can be attributed to the growing participation of individuals in both organized and informal sports activities. Furthermore, the training of athletes with a focus on high strength and heavy loads also leads to a higher occurrence of severe injuries. Sports injuries, in particular, are often characterized by soft tissue damage. The utilization of 3D medical imaging devices such as ultrasound, X-ray, and MRI imaging plays a crucial role in providing accurate and objective diagnostic support. 3D medical imaging devices enable healthcare professionals to examine and diagnose various types of injuries, including muscle fascia injuries, tendon injuries, ligament injuries, meniscus injuries, articular cartilage issues, and bone fractures. According to data from the Centre for Disease Control and Prevention, there are approximately 775,000 emergency room visits each year attributed to injuries sustained by children participating in organized and unorganized sports activities. This underscores the growing demand for 3D medical imaging devices, which in turn drives the market's growth.

The anticipated growth of the 3D medical imaging market is strongly influenced by the escalating prevalence of chronic diseases. Chronic diseases, characterized by long-lasting health conditions persisting for three months or more, represent a significant health challenge globally. Techniques such as computed tomography (CT) scans and magnetic resonance imaging (MRI) within the realm of 3D medical imaging play a crucial role in offering comprehensive, three-dimensional insights into internal structures. This enables healthcare professionals to detect and diagnose chronic diseases at earlier, more treatable stages. For instance, statistics from the World Health Organization's 2022 Highlights reveal that chronic diseases account for approximately 74% of global annual deaths, totaling around 41 million deaths. Moreover, according to data from the National Library of Medicine in January 2023, the number of individuals aged 50 and older in the United States with at least one chronic condition is projected to rise by a significant 99.5% to reach approximately 142.66 million by the year 2050. These rising numbers and the substantial impact of chronic diseases underscore the critical need for advanced medical imaging technologies. As such, the increasing prevalence of chronic conditions serves as a driving force behind the growth of the 3D medical imaging market.

The challenges encountered by the medical device industry due to the COVID-19 pandemic, such as reduced orders and disruptions in the supply chain, are poised to impede the growth of the 3D medical imaging market in the coming years. As reported by Medical Products Outsourcing (MPO) magazine, financial pressures and supply chain disruptions stand out as significant hurdles for the medical device industry. Manufacturers are facing a notable slowdown in orders, primarily due to stringent inventory management prompted by concerns about virus transmission. This caution has resulted in a slower pace of reorders, impacting businesses significantly. Additionally, the uncertainty and disruptions caused by the pandemic have led managerial teams to be more apprehensive about launching new products during these uncertain times. These circumstances are anticipated to serve as major factors restraining the immediate growth of the 3D medical imaging market.

Manufacturers of 3D medical imaging devices are increasingly directing their investments towards Artificial Intelligence (AI) to enhance diagnostic accuracy by providing precise, quantifiable measurements. AI integration offers notable efficiency in medical imaging, particularly in the detection of organs or anomalies. An illustrative example is in cardiology, where the amalgamation of image visualization and AI enables cardiologists to accurately measure ejection fraction-a crucial indicator of heart health-swiftly and with high precision. Ejection fraction signifies the percentage of blood leaving the heart during each contraction. For instance, in November 2021, GE Healthcare, a prominent company in the realm of 3D imaging devices, introduced 60 innovative technology solutions. These solutions incorporate artificial intelligence to revolutionize healthcare, offering patients and clinicians effective tools for improved diagnostic accuracy and streamlined processes.

Leading companies in the 3D medical imaging market are actively pioneering innovative immersive learning platforms to offer enhanced and reliable services to their clientele. An immersive learning platform in the domain of 3D medical imaging utilizes hyper-realistic visuals derived from MRI and CT scans to educate medical professionals and students. For example, in August 2023, GigXR, Inc., a U.S.-based innovative company specializing in holographic training solutions, introduced the DICOM XR Library. This library serves as a shared repository of 3D DICOM holograms, offering hyper-realistic 3D medical images sourced from computed tomography (CT) scans and magnetic resonance imaging (MRI). These holograms enable diagnostic imaging in a 360-degree format, providing instructors with an advanced tool to better equip learners with medically precise simulations for observation and assessment. This technology facilitates a more immersive and effective learning experience for medical professionals and students within the field of 3D medical imaging.

In November 2021, Nano-X Imaging Ltd., an Israeli company specializing in manufacturing medical imaging systems, including 3D medical imaging systems, completed the acquisition of Zebra Medical Vision Ltd. for $110 million. Through this strategic acquisition, Nano-X Imaging Ltd. aims to establish a comprehensive global infrastructure for medical imaging. This initiative involves integrating cutting-edge technologies such as digital micro-electromechanical systems (MEMS), artificial intelligence (AI) solutions, and teleradiology solutions to create an end-to-end imaging solution. Zebra Medical Vision Ltd., also based in Israel, is a healthcare technology company renowned for providing imaging analytics solutions, including 3D medical imaging systems, to healthcare institutions.

Major companies operating in the 3d medical imaging devices market include GE Healthcare, Royal Philips, Siemens AG, The Esaote Group, Materialise NV, Toshiba Group, Samsung Medison Co Ltd, Shimadzu Corporation, Analogic Corporation, Digirad Corporation, Del Medical Systems Group, Hologic Inc., Carestream Health Inc., Depuy Synthes Companies, Ambra Health, Fovia, Mach7 Technologies Ltd., Medtronic plc, Barco NV, TomTec Imaging Systems GmbH, Fujifilm Holdings Corporation, 3D Systems Healthcare, Artec 3D, Canon Medical Systems Corporation, ContextVision AB, Curvebeam AI Ltd., EchoPixel Inc., EOS Imaging, Esaote SpA, Hitachi Healthcare, Intrasense, KaVo Kerr, Konica Minolta Healthcare, Mobius Imaging, Neusoft Medical Systems, Orfit Industries, Pie Medical Imaging, Planmed Oy, Sectra, Shenzhen Mindray Bio-Medical Electronics, Thermo Fisher Scientific, Varian Medical Systems, Ziehm Imaging GmbH

Western Europe was the largest region in the 3D medical imaging market in 2023. Asia-Pacific was the second-largest region in the global 3D medical imaging devices market. The regions covered in the 3d medical imaging devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the 3d medical imaging devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The 3D medical imaging market consists of sales of ultrasound, magnetic resonance imaging (MRI), radiography, and computed tomography scan (CT). Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.