North America Medical Imaging Market Key Companies and SWOT Analysis by 2028
North America Medical Imaging Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (CT Systems, X-ray Systems, PET Systems, MRI systems, Ultrasound Systems, and Others); End User (Hospitals, OP Centers, Clinicians Offices, and Emergency Care Centers)
- Status : Published
- Report Code : TIPRE00025113
- Category : Life Sciences
- No. of Pages : 140
- Available Report Formats :
- Last update date : October 05, 2021
2021 Market Size
US$ 8,083.5 Mn
Base year value
2028 Forecast
US$ 10,986.5 Mn
Projected by 2028
CAGR 2022-2028
4.5 %
Growth rate
Addressable Market
US$ 67,739.84 Mn
(2022-2028)
The medical imaging market in North America is expected to grow from US$ 8,083.5 million in 2021 to US$ 10,986.5 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.
The AI solution aims to offer support to radiologists focusing on body parts such as the chest, abdomen, spine, and head. Google’s DeepMind developed an AI system that can quickly detect over 50 eye disorders using routine medical scans. GE Healthcare introduced a new medical imaging tech in March in the form of the LOGIQ E10 radiology ultrasound system, which is integrated by AI to quickly capture data and reconstruct images. The digital system employs closed connectivity and advanced algorithms to ensure 48 times more data throughput and ten times the processing power of previous systems. Further, in Jan 2021 Carestream Health earned 70 new patents in medical imaging for advances in digital radiography, mobile imaging X-ray systems, and other healthcare technology areas. With the facts and statistics stated above, it is evident that the introduction of technologically advanced systems will drive the market growth during the forecast period.
North America is witnessing the growing number of COVID-19 cases. Additionally, Mexico and Canada cases are also growing. Due to coronavirus spreading, many cities are shutting down causing treatments and doctor’s appointment cancellation. Patients with serious health conditions, such as Cardiovascular, General Imaging, Musculoskeletal, OB and GYN, Vascular needs physical distancing with others, however, delays in such chronic disease treatments are distressing. However, In the situation of COVID-19 many companies such as Siemens Healthineers, General Electric Company are taking initiative in the United States, used imaging techniques such as CT and ultrasounds to scan the lungs of patients as a part of the treatment of COVID-19. For instance, Siemens Healthineers, is providing lung ultrasound which is strongly recommended for acute respiratory failure and can be a useful alternative during the COVID-19 outbreak if CT is not readily available. Therefore, although there has been a disruption in manufacturing and supply chain models of the manufacturing companies, the heightened demand for computed tomography scans and imaging units led to spur in the market growth.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the medical imaging market. The North America medical imaging market is expected to grow at a good CAGR during the forecast period.
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North America Medical Imaging Market Segmentation
By Product
- CT Systems
- X-ray Systems
- PET Systems
- MRI systems
- Ultrasound Systems
- Others
By End User
- Hospitals
- OP Centres
- Clinicians Offices
- Emergency Care Centres
By Country
-
North America
- US
- Canada
- Mexico
Companies Mentioned
- General Electric Company
- Siemens AG
- Koninklijke Philips N.V.
- Shimadzu Corporation
- Hitachi, Ltd.
- Canon Inc.
- Hologic, Inc.
- Carestream Health Inc.
- ESAOTE SPA
- Samsung Group
North America Medical Imaging Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 8,083.5 Million |
| Market Size by 2028 | US$ 10,986.5 Million |
| CAGR (2021 - 2028) | 4.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Product
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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