Global Medical Imaging Phantoms Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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Global Medical Imaging Phantoms Market: Overview
“The global Medical Imaging Phantoms Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Imaging phantom is also called as phantom. It a specially designed object which is used in imaging or scanning in the field of medical, for assessing and examining various imaging devices. Phantoms are used to measure focal spot size, image artifacts in radiology, system resolution, contrast, exposure controls, ultrasound, and exposure controls.
Benefits of medical imaging phantoms are painlessly and noninvasively, which help to diagnosis disease and monitor therapy, as well as support medical and surgical treatment planning.
Global Medical Imaging Phantoms Market: Dynamics
Major factor expected to drive the target market are growing prevelance and incidences of chronic diseases such as cardiac failure, chronic obstructive pulmonary disease, chronic kidney disease, etc. These chronic diseases need to be monitored and diagnosis properly in order to avoid future complications. According to World Health Organization data showed that chronic disease is the leading cause of premature death world.
In addition, increasing health care expenditure, improving medical facilities, development and launch of new technological advent products, and increasing demand for non-invasive solutions are some of the factors boosting the demand for the medical imaging phantoms across the globe.
However, stringent health regulatory approval and high cost are some factors which may hamper the growth of the target market to some extent.
Global Medical Imaging Phantoms Market: Segment Analysis
On the basis of device type segment, CT Phantoms is expected to register high revenue growth over the forecast years, due to ability to produce 3D images of objects from a collection of two dimensional x-ray images.
On the basis of end user segment, the Medical Device Companies is expected to register highest CAGR over the forecoming years.
Global Medical Imaging Phantoms Market: Trends
The major players are focusing on forming effective value chain, in order to cater the growing demand for technologically advanced medical imaging phantoms. In addition, various bioengineering researcher are focusing on developing a realistic phantom head for magnetic resonance studies. The aforementioned are some of the trends witnessed in the target market currently.
Global Medical Imaging Phantoms Market: Regional Analysis
In 2018, the markets in North America is expected to dominate in the target market over the next 10 years. This is primarily attributed to high adoption of superior technologies across all various end user verticals across the globe. Moreover, increasing government funding for research activities is the major factor expected to support the growth of target market in countries in the region.
According to National Science and Technology Council 2017 published report, nearly 1.7 Mn PET scans, 79 Mn CT scans, 39 Mn MRI scans were performed in US during 2015. The market in Asia Pacific is expected to gain market growth during the forecast years, due to rising prevelance of chronic diseases.
Global Medical Imaging Phantoms Market Segmentation:
Segmentation by device type:
- X-ray/Fluoroscopy Phantoms
- Ultrasound Phantoms
- CT Phantoms
- MRI Phantoms
- Nuclear Imaging Phantoms
- Others (include, Radionuclide, Optical tomography, etc.)
Segmentation by end user:
- Academic & Research Institutes
- Diagnostic & Reference Laboratories
- Medical Device Companies
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- PTW Freiburg GmbH
- Kyoto Kagaku Co. Ltd.
- Carville Limited
- Modus Medical Devices Inc.
- Computerized Imaging Reference Systems, Inc. (CIRS, A Castleray)
- Biodex Medical Systems, Inc.
- Leeds Test Objects Ltd.
- Gold Standard Phantoms
- Pure Imaging Phantoms
- Dielectric Corporation
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