Medical Imaging Workstation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented by Component, By Modality (Computed Tomography (CT), Magnetic Resonance Imaging, Ultrasound, Mammography, Others), Usage Mode and Geography

Market Snapshot

Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 8 %

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Market Overview

The global medical imaging workstation market is expected to witness CAGR of 8% over the forecast period. The growth is attributed to technological advancements in the imaging systems that require sophisticated operating units and workstations for smooth operation. In addition, growing investment by the healthcare providers to upgrade their infrastructure coupled with the rising healthcare expenditure around the world projected to boost the market growth. Also, the introduction of advanced display and image processing modalities is anticipated to boost the existing work station and further fuel the market growth. Moreover, the rising number of ambulatory imaging facilities and the introduction of artificial intelligence for predictive analysis to help healthcare providers is projected to play an important role in driving market growth. However, the high cost of imaging systems and lack of skilled professionals is expected to hamper the market progress over the forecast period.

Scope of the Report

Medical imaging work stations play a vital role in the diagnosis of various diseases. The medical imaging workstations reduce the manual workflow, improve the precision and accuracy of diagnosis. The report covers the workstations that are used as add on of imaging systems in healthcare setups.

By Component
Visualization Software
Display Units
Others
By Modality
Computed Tomography (CT)
Magnetic Resonance Imaging
Ultrasound
Mammography
Others
By Usage Mode
Thick Client Workstation
Thin Client Workstation
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Thin Client Workstations Expected to Have Significant Share

Thinclient work stations are the lightweight workstations that are managed remotely and have all features found on the normal workstation. Due to the need for effective and early patient diagnosis with high accuracy and high adoption of remote monitoring systems the segment is anticipated to have a notable growth rate. Workstations for Magnetic Resonance Imaging (MRI) are anticipated to grow at a notable rate owing to the ability to provide 3D images using the magnetic field and need of sophisticated systems to process these images with accuracy.

Medical imaging workstations have become an important part in the medical diagnosis of the patients. The imaging systems are actively used in the diagnosis of many chronic diseases. The growing prevalence of chronic diseases around the world is anticipated to boost the market growth. According to Cancer Research UK in 2018, there were about 17 million new cancer cases worldwide and by 2040 the new cancer cases may grow up to 27.5 million. Due to the increase in cardiovascular diseases and cancer are the major factors driving the growth of medical imaging work stations market.

Medical Imaging Workstations Trends

North America Expected to have Significant Market Share

North America region is anticipated to have significant market share owing to well-established healthcare infrastructure, ageing population and quality healthcare accessibility. Furthermore, well-established reimbursement policies that encourage the healthcare providers to maintain the quality infrastructure are expected to fuel the market growth. The factors such as the presence of a large number of diagnostic centres, growing prevalence of targeted diseases and adoption of technologically advanced imaging systems are expected to fuel the regional growth. The Asia Pacific region is expected to have the significant growth owing to developing healthcare infrastructure and adoption of advanced imaging systems in countries such as India and China.

Medical Imaging Workstation Market -  Growth Rate by Region - Image

Competitive Landscape

Global medical imaging workstations market is moderately fragmented and competitive. Market players are focusing on advancing the technologies and regional expansion to increase their market share. The key market players operating in the market include GE Healthcare, PaxeraHealth, Hologic, Inc., Koninklijke Philips N.V. and Carestream Health among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Technological Advancements in The Imaging Technologies and Use of Artificial Intelligence

      2. 4.2.2 Rising Healthcare Expenditure Coupled with Rising Disease Burden

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Medical Imaging Equipment

      2. 4.3.2 Lack of Skilled Professionals

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Component

      1. 5.1.1 Visualization Software

      2. 5.1.2 Display Units

      3. 5.1.3 Others

    2. 5.2 By Modality

      1. 5.2.1 Computed Tomography (CT)

      2. 5.2.2 Magnetic Resonance Imaging

      3. 5.2.3 Ultrasound

      4. 5.2.4 Mammography

      5. 5.2.5 Others

    3. 5.3 By Usage Mode

      1. 5.3.1 Thick Client Workstation

      2. 5.3.2 Thin Client Workstation

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 GE Healthcare

      2. 6.1.2 PaxeraHealth

      3. 6.1.3 Hologic, Inc.

      4. 6.1.4 Koninklijke Philips N.V.

      5. 6.1.5 Carestream Health

      6. 6.1.6 Carl Zeiss AG

      7. 6.1.7 Capsa Healthcare

      8. 6.1.8 Esaote SpA

      9. 6.1.9 Medicor Imaging

      10. 6.1.10 Chimaera GmbH

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Medical Imaging Workstation Market market is studied from 2018 - 2026.

The Medical Imaging Workstation Market is growing at a CAGR of 8% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

GE Healthcare, PaxeraHealth, Hologic, Inc., Koninklijke Philips N.V., Carestream Health are the major companies operating in Medical Imaging Workstation Market.

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