Medical Imaging Workstations Global Market Report 2024

Medical imaging workstations refer to both systems and software utilized in the radiology departments of hospitals or diagnostic centers. These workstations play a crucial role in providing diagnostic information based on medical imaging, assisting in the viewing and interpretation of images for accurate patient diagnosis. As integral components of digital imaging systems, medical imaging workstations contribute to clear visualization of abnormalities, aiding healthcare professionals in their diagnostic processes.

The primary modalities associated with medical imaging workstations include magnetic resonance imaging (MRI), computed tomography (CT), ultrasound, mammography, and various other modalities. In the context of magnetic resonance imaging, these workstations are employed to examine patients' brains, spinal cords, nerves, muscles, and ligaments, generating high-resolution, three-dimensional anatomical images. Magnetic resonance imaging is a non-invasive technique that provides intricate anatomical details. Key components of medical imaging workstations include visualization software, display units, display controller cards, and central processing units. These components are utilized in both thick client workstations and thin client workstations, supporting applications in diagnostic imaging, clinical review, and advanced imaging. Medical imaging workstations find application in hospitals, diagnostic centers, ambulatory centers, and various other end-user settings.

The medical imaging workstations market research report is one of a series of new reports that provides medical imaging workstations market statistics, including medical imaging workstations industry global market size, regional shares, competitors with a medical imaging workstations market share, detailed medical imaging workstations market segments, market trends and opportunities, and any further data you may need to thrive in the medical imaging workstations industry. This medical imaging workstations market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The medical imaging workstations market size has grown strongly in recent years. It will grow from $4.96 billion in 2023 to $5.4 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth observed in the historical period can be attributed to factors such as advancements in clinical diagnosis, the use of medical imaging for training and education, the implementation of Picture Archiving and Communication Systems (PACS), improved efficiency in radiology departments, and the integration of precision medicine practices.

The medical imaging workstations market size is expected to see strong growth in the next few years. It will grow to $7.84 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The anticipated growth in the forecast period can be attributed to the adoption of sustainable workstation solutions, the focus on patient-centric care, the integration of multi-modal imaging, the expansion of telehealth services, and efforts towards global health preparedness. Prominent trends during this period include the increased use of artificial intelligence (AI)-enhanced automation, a heightened emphasis on data security and privacy, advancements in interoperability and data exchange, the integration with electronic health records (EHR), and ongoing advancements in the field of medical imaging.

The growth of the medical imaging workstations market is anticipated to be propelled by the increasing number of outpatients. Outpatients are individuals who require medical care without the need to stay overnight in a hospital. In recent years, there has been a significant rise in outpatient visits, while inpatient discharges, particularly for imaging services, have decreased. The shift from inpatient to outpatient settings for imaging services is driven by new payer demands and patient preferences, leading to a substantial increase in standalone outpatient facilities. According to Becker's Hospital Review in March 2023, 95% of health leaders expect a rise in outpatient volumes, with 40% anticipating increases of 10% or more. Consequently, the growing number of outpatients is poised to drive the growth of the medical imaging workstation market.

The increasing prevalence of chronic diseases is expected to fuel the growth of the medical imaging workstations market. Chronic diseases are long-term medical conditions that often last a person's lifetime. Medical imaging workstations play a crucial role in the diagnosis and monitoring of chronic diseases, providing clinicians with advanced tools for effective analysis and management of patient data. According to the World Health Organization in September 2023, non-communicable diseases (NCDs) or chronic conditions account for 74% of the total deaths worldwide each year, with 41 million fatalities. These include deaths related to cardiovascular diseases, cancer, chronic respiratory diseases, and diabetes. Thus, the rising prevalence of chronic diseases is a significant driver of the medical imaging workstations market.

Technological advancements represent a key trend gaining traction in the medical imaging workstation market. Healthcare organizations are adopting advanced medical imaging technologies that produce more detailed images, complemented by analytic and visualization capabilities. Major companies in the medical imaging workstation market are actively developing new technologies to enhance their market positions. For example, in March 2022, Royal Philips, a Netherlands-based multinational conglomerate, introduced the Ultrasound Workspace, an advanced vendor-neutral echocardiography image processing and reporting technology. This innovative solution offers seamless diagnostic workflows, vendor-neutral 2D/3D echocardiography viewing, remote browser-based accessibility, and AI-powered automatic picture analysis and quantification tools to enhance productivity and diagnostic quality.

Major companies in the medical imaging workstations market are focusing on introducing dynamic gamma functions to gain a competitive edge. This feature analyzes the entire screen content in real time, selecting the appropriate gamma curve for each individual pixel. The result is optimized contrast, brightness, and gamma for color images without user intervention. For instance, in October 2021, JVC Healthcare, a Japan-based provider of medical monitors, launched the CL-S600 6-megapixel monitor for diagnostic radiology. This DICOM-calibrated monitor with a luminance of 1300 cd/m² and a contrast ratio of 2000:1 is designed for showcasing medical images across various modalities, excluding mammography.

In March 2022, Canon Medical Systems Corporation, a Japan-based medical equipment company, acquired Nordisk Røntgen Teknik A/S for an undisclosed amount. Through this acquisition, Canon Medical aims to provide access to advanced multipurpose and motorized digital radiographic imaging technologies developed and manufactured in Europe. Nordisk Røntgen Teknik A/S is a Danish-based company specializing in diagnostic X-ray systems, medical imaging workstations, and the manufacture of medical equipment.

Major companies operating in the medical imaging workstations market include General Electric Company, Koninklijke Philips NV, Siemens Medical Systems Inc., Fujifilm Healthcare Corporation, Canon Medical Systems Corporation, PaxeraHealth, Hologic Inc., Carestream Health India Pvt. Ltd., Carl Zeiss AG, Capsa Healthcare, Esaote SpA, Medicor Imaging, NGI Group, Chimaera GmbH, Hitachi Medical Systems, Toshiba Medical Systems Corporation, Samsung Medison Co. Ltd., Shimadzu Corporation, Agfa-Gevaert NV, Sectra AB, Merge Healthcare Inc., Intelerad Medical Systems Incorporated, McKesson Corporation, Agilent Technologies India Pvt. Ltd., Analogic Corporation, Barco NV, ContextVision AB, EDDA Technology Inc., Infinitt Healthcare Co. Ltd., Mirada Medical Limited

North America was the largest region in the medical imaging workstations market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the medical imaging workstations market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The countries covered in the medical imaging workstations market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The medical imaging workstations market consists of sales of CRTs or flat panel displays, calibration hardware and software. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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