increasing prevalence of chronic conditions is driving the Medical Imaging Phantom Market
Technavio analyzes that the Medical Imaging Phantom Market is expected to grow at a CAGR of 5.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 47.7 million.There are various factors that contribute to the growth of the market. The medical imaging phantom market is experiencing significant growth due to the increasing prevalence of chronic conditions. These phantoms are essential tools for ensuring accurate and consistent diagnostic imaging results. They are used to calibrate and quality control medical imaging equipment, ensuring that images meet the required standards for diagnostic accuracy. With the rising incidence of chronic diseases, the demand for medical imaging phantoms is expected to increase, driving market growth.
In the healthcare industry, hospitals are the primary consumers of medical imaging phantoms due to the rising number of medical procedures and increasing prevalence of chronic diseases, particularly breast cancer. These institutions seek cost-effective and efficient phantoms to ensure quality control in imaging techniques, such as radiation dose delivery, calibration, and precision medicine. Functional MRI, which investigates human tissues and blood flow, also relies on medical imaging phantoms in both orthopedic and chronic disease applications. The demand for these essential tools is increasing to facilitate accurate diagnosis and treatment planning in both inpatient and outpatient settings.
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Medical Imaging Phantom Market Segmentation
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The Medical Imaging Phantom Market is experiencing significant growth due to the increasing number of cancer cases and cancer deaths, particularly in the elderly population. Radiology imaging plays a crucial role in early disease detection and prevention of non-communicable diseases. Phantom development for imaging diagnostics is advancing with medical imaging software, image analysis algorithms, and medical device innovation. Biomedical engineering advancements and geriatric healthcare are driving the need for improved image quality control and patient safety. Ultrasound imaging and x-ray phantoms are essential for cancer screening and image-guided surgery. Academic research institutes and clinical trials are also contributing to the development of precision oncology, image registration, and radiation safety protocols. Medical imaging workflow, image enhancement, and clinical decision support are key areas of focus for healthcare technology and medical physics. Radiotherapy planning and image quality assessment are also important aspects of medical imaging techniques. Overall, the market for medical imaging phantoms is expected to continue growing due to the increasing demand for accurate and reliable imaging solutions in cancer treatment and age-related health conditions.
The x-ray and fluoroscopy phantom market is a significant segment within the global healthcare equipment industry, as identified by Technavio. This market encompasses the production and sales of phantoms used for medical imaging devices, primarily in hospitals and healthcare facilities. These phantoms are essential for health screening, particularly for elderly populations susceptible to non-communicable diseases (NCDs) and age-related diseases. Phantoms play a critical role in cancer diagnosis through image interpretation and the development of computational models. Technavio's market analysis includes manufacturers of various diagnostic equipment and devices, with the global healthcare equipment market size determined by the combined revenue generated across therapy areas. The healthcare equipment sector is segmented into devices, including advanced, differentiated, and clinically tested data-driven devices.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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