The global medical imaging phantoms
market size is anticipated to reach USD 212.4 million by 2027, registering a
CAGR of 5.2% from 2020 to 2027. Diagnostic radiology is widely adopted for
precision diagnosis of brain injuries, cancer, and other diseases. In addition,
computed tomography (CT) scan and magnetic resonance imaging (MRI) are widely
used techniques. These phantoms help in enhancing the efficiency of these
imaging devices by helping medical experts in detecting, interpreting,
analyzing, and evaluating information required for treatments. Therefore, the
increasing adoption of these devices for the diagnosis of severe diseases is
expected to drive the market growth.
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Effective reimbursement scenario of
medical imaging and growing competition to provide advanced technologies are a
few factors driving the adoption of the product. Moreover, growing
participation of key players in various radiology conferences is expected to
drive the adoption of these devices and their respective phantoms. Increasing
number of preclinical studies to understand the effectiveness of these phantoms
for hybrid imaging devices is expected to expand the growth potential in the
coming years.
Introduction of advanced materials and
production techniques are some of the major factors expected to strengthen the
applications of these phantoms for specific diseases. Introduction of advanced
simulating phantoms is anticipated to provide deep insights on actual dynamics
at a cellular level, thus enhancing the precision in diagnostics.
These devices have various associated
advantages, which is a key factor driving the market growth. For instance,
realistic medical imaging phantoms of organs and tissues are being developed
using 3D technology to enhance the performance of medical imaging devices.
This, in turn, is expected to drive the medical imaging phantom market growth
over the forecast period.
Further
key findings from the report suggest:
• X-ray phantoms held the largest market
share in 2019 mainly due to the growing number of x-ray units launches in
various countries
• Nuclear imaging phantoms is projected
to register the highest CAGR over the forecast period owing to the growing
adoption of nuclear medicine. In addition, increasingly advanced and safer
radionuclides and high accuracy of nuclear imaging modality are some factors
contributing toward the segment growth
• Hospitals dominated the market in 2019
owing to significant number of favorable government initiatives to improve the
quality of treatment offered to patients and the steep rise in medical
reimbursement policies
• The academic and research institutes
segment is expected to witness a steady growth from 2020 to 2027 owing to high
product demand for educational purposes for providing efficient training
regarding the usage of these phantoms
• North America held the largest share
in 2019 owing to the high adoption of advanced medical products, increasing
government expenditure for research activities, and growing number of product
launches in the region
• The major players present in the
medical imaging phantommarket include Biodex Medical Systems, Inc.; Modus
Medical Devices Inc.; Carville Limited; PTW Freiburg GmbH; Dielectric
Corporation; Quart GmbH; Kyoto Kagaku Co. Ltd; and Leeds Test Objects Ltd.
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Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
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