Wednesday, 2 March 2016

3D Medical Imaging Devices Market Analysis and Forecasts, 2015 to 2022

Global 3D medical imaging devices market is expected to witness lucrative growth over the forecast period owing to increasing prevalence of cardiovascular and oncology diseases coupled with the rising geriatric population base. Geriatric population is more prone to the aforementioned complex diseases hence, they require continuous diagnosis and treatment, and thus are expected to contribute towards the growth of the market. 
The other factors responsible for the significant market growth include rapidly rising use of 3D imaging in disease etiology owing to superior imaging need and the growing acceptance of 3D imaging techniques among the radiologists and surgeons. Furthermore, the benefits provided by 3D imaging over 2D imaging have also contributed towards the growth of the market. The benefits include instrumental manifestations such as transducers with the magnetic sensors that cover the entire organ, which is not possible in case of 2D imaging. 3D imaging devices hence help in achieving better patient throughput, rapid diagnosis, and treatment outcomes thus boosting the market. On the contrary, the high capital investment and lack of reimbursements are the key restraints for the market growth. Another factor that is expected to impede the market growth is the emergence of the 4D imaging technology.

The market is bifurcated on the basis of solutions and product types. On the basis of solutions, the market is studied under 3D scanning, 3D rendering, and 3D modeling. Amongst these, 3D rendering exhibited a major market share in 2014. It is also expected to show high growth rate over the forecast period owing to its efficient ray tracing algorithms for organ visualization. 3D Imaging market on the basis of product type is divided into ultrasound, computed tomography, angiography, and magnetic resonance imaging. Multi slice CT scan held a key market position in 2014 owing to its geometric efficiency and low dose schedules involved in scanning. MRI is further categorized into open, functional, breast, neuro, obstetrics & gynecology, intra-operative, and cardiac MRI. The high prevalence rate of breast cancer has led to the dominance of breast MRI in 2014. The other reasons for MRI holding the largest market share are hybrid imaging systems, portability, miniaturization of equipment, and digitization of measurement values.

The major factors that attributed towards the high share of North America include increased emphasis of the physicians on radio diagnosis to detect the absolute pathological state and derive required treatment. Additionally, growth in 3D medical imaging market in North America had increased due to rise in government funding and funds through private groups for the advancements in the techniques such as angiography, neuro, and breast MRI involved in radio diagnosis.
The 3D medical imaging devices market is expected to grow in developing economies such as China, Japan, and India in the coming seven years due to growing collaborations of the medical imaging companies with the health organizations and hospitals.

The market strategies adopted by the key market players include collaboration with various diagnostic organizations. The companies are also involved in the manufacture of medical technology and imaging systems, which are ergonomic, mobile, inexpensive, and energy-saving. The main focus of the players is on the development of the techniques that deduce the absolute values rather than the average values employed for the prediction of organ abnormalities in context to medical imaging. Other strategies adopted by the companies comprise provision of low maintenance and potentially safe medical imaging services.

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