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Medical Hybrid Imaging System Market Size, Share Global Analysis Report, 2022 – 2028
Medical Hybrid Imaging System Market By Type (PET/CT, SPECT/CT, PET/MRI), By Application (Hospitals, Diagnostic Centers), and By Region - Global Industry Insights, Growth, Size, Share, Comparative Analysis, Trends, Statistical Research, Market Intelligence, and Forecast 2022 – 2028
Industry Insights
[226+ Pages Report] According to Facts and Factors, the global medical hybrid imaging system market size was valued at USD 4.5 billion in 2021 and is predicted to increase at a CAGR of 7.9% to USD 15.3 billion by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
Market Overview
Medical hybrid imaging systems are a combination of two or more imaging systems to obtain a novel imaging technique. These imaging systems are highly efficient and provide better imaging opportunities by combining two techniques. The combination of imaging also allows viewing of molecular processes as well as anatomical as well. Rapid advancements in medical technology, innovations in medical imaging technology, rising healthcare expenditure, rising prevalence of chronic diseases, and increasing focus on early diagnosis are major trends that drive medical hybrid imaging system market growth over the forecast period.
Increasing healthcare expenditure and rising technological proliferation in developing economies are expected to provide lucrative opportunities for medical hybrid imaging system manufacturers. Medical hybrid imaging system companies are expected to focus on untapped markets to promote their products and boost revenue generation potential over the coming years. The medical hybrid imaging system market will face challenges in terms of the high costs of the medical hybrid imaging systems and also the lack of skilled professionals to operate these advanced systems.
Impact of COVID - 19
The sudden emergence of the COVID-19 pandemic led to major changes in the global economy and had a negative impact on almost all aspects of the world. The medical hybrid imaging system market also experienced a downfall in its growth trend due to the pandemic of 2020. The medical hybrid imaging system sales were hampered by restricted manufacturing and sales activity under the multiple lockdown restrictions that were prevalent on a global scale. Moreover, the change in focus of healthcare activities also resulted in losses for medical hybrid imaging system companies in this era. The medical hybrid imaging system market is expected to rise at a steady pace in the post-pandemic era owing to an increased focus on healthcare across the world. The rising demand for early diagnosis is projected to boost the medical hybrid imaging system market potential through 2028.
The complete research study looks at both the qualitative and quantitative aspects of the medical hybrid imaging system market. Both the demand and supply sides of the market have been investigated. The demand side study examines market income in various regions before comparing it to all of the major countries. The supply side research examines the industry's top rivals, as well as their regional and global presence and strategies. Each major country in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America is thoroughly investigated.
Segmentation Analysis
The global Medical hybrid imaging system market is segregated based on type, application, and region.
In terms of Type, PET/CT systems accounted for a major market share in 2018 and this can be attributed to rising demand for these systems from multiple healthcare establishments. Rising use in cardiology and neurology will also boost the demand for this segment over the forecast period. At present, these systems are largely used in oncology and this application is the major driver for this segment over the coming years.
The hospital's segment held the largest market share in 2018 and is expected to maintain a dominant stance over the forecast period as well. Rising hospitalization and increasing investments in the development of better healthcare infrastructure are major factors driving medical hybrid imaging system market potential in this segment. The presence of professionals in hospitals is also expected to favor this segment over the forecast period.
Report Scope
Report Attribute |
Details |
Market Size in 2021 |
USD 4.5 Billion |
Projected Market Size in 2028 |
USD 15.3 Billion |
CAGR Growth Rate |
7.9% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Siemens Healthcare, GE Healthcare, Philips Healthcare, Hitachi Ltd, Atlantis Worldwide, Shared Imaging, Amber Diagnostic Inc., and Others |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Regional Landscape
The region of North America accounted for a major market share in the global medical hybrid imaging system market landscape and is projected to maintain this stance over the forecast period as well. The rising prevalence of cancer and the presence of developed healthcare infrastructure are anticipated to be major factors driving the medical hybrid imaging system market potential in this region. The increasing geriatric population, rising prevalence of cancer, and high availability of medical hybrid imaging systems are other factors that guide medical hybrid imaging system market growth through 2028.
Europe is projected to be the second-most lucrative market for medical hybrid imaging systems through the forecast period owing to rising investments in healthcare infrastructure and increasing technological proliferation. The prevalence of chronic diseases and the rising demand for early diagnosis will also shape the medical hybrid imaging system market potential over the forecast period.
Competitive Landscape
The report contains qualitative and quantitative research on the global medical hybrid imaging system market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness.
List of Key Players in the Global Medical Hybrid Imaging System Market:
- Siemens Healthcare
- GE Healthcare
- Philips Healthcare
- Hitachi Ltd
- Atlantis Worldwide
- Shared Imaging
- Amber Diagnostic Inc
The Global Medical Hybrid Imaging Systems Market is segmented as follows:
By Type
- PET/CT
- SPECT/CT
- PET/MRI
By Application
- Hospitals
- Diagnostic Centers
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Sweden
- Norway
- Benelux Union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Content
Industry Major Market Players
- Siemens Healthcare
- GE Healthcare
- Philips Healthcare
- Hitachi Ltd
- Atlantis Worldwide
- Shared Imaging
- Amber Diagnostic Inc.
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