Medical Imaging Market - Upcoming Opportunities, Growing Trends and Forecast to 2030

PUNE, India - Aug. 1, 2023 - PRLog -- Medical Imaging Market Definition

The medical imaging market is made up of the sales of medical and diagnostic imaging equipment and machines such as X-ray, CT, MRI, ultrasound, OCT, and combined imaging systems (including nuclear imaging), software, consumables, and accessories by MedTech suppliers and other medical suppliers. These products and services are purchased by hospitals, clinics, research institutes, and educational institutions for use in various medical branches.

According to an opinion from key industry experts Medical Imaging Market revenue is expected to attain $60 billion at a high CAGR of 6.32% from 2023 to 2030. In 2022, the Medical Imaging Market was estimated at $38.0 Million.

Medical Imaging Market Trends

The medical imaging market's growth remained uneven from 2020 to 2022. This can be attributed to the uneven demand for medical imaging across the globe, including in developed nations. For instance, according to the National Health Service (NHS), the total number of diagnostic imaging procedures in 2021/22 reached 44.01 million, a growth rate of 26% from the previous year's 34.92 million. However, this total number in 2022–23 closed at 41.44 million, 5.84% lower than the previous year.

However, the market is forecast to be positive from 2023–to 2030. This growth rate is anticipated based on the increasing adoption of cloud-based medical imaging software as structured reporting becomes more popular among healthcare facilities. Furthermore, AI-enabled medical imaging software is flourishing because it assists healthcare facilities in coping with a shortage of radiologists and expanding into other specialties.

Further, this market growth is expected to be pushed by supporting markets, such as the preventive healthcare market. It is anticipated that the preventive healthcare market is expected to grow at a CAGR of 15%, which will further boost the demand for medical and diagnostic imaging, driving the medical imaging products market.

Request a Free Smart Book of Medical Imaging Market Analysis and Forecast to 2030 Report@ https://nforming.com/blog/healthcare/medical-imaging-market/