The medical imaging workstations market size has witnessed a significant increase in the recent years. It’s expected to grow from $5.43 billion in 2024 to $5.88 billion in 2025 at a compound annual growth rate of 8.3%. This can be attributed to increased applications in clinical diagnosis, medical training and education, picture archiving, communication systems, and radiology department efficiency. Moreover, precision medicine facilitated growth in the historical period.
The medical imaging workstations market size is projected to grow rapidly in the coming years, reaching a value of $8.84 billion in 2029 at a compound annual growth rate of 10.7%. The forecasted growth is driven by sustainable workstation solutions, patient-centric care, multi-modal imaging integration, telehealth services, and global health preparedness. Notable trends in the forecast period include advancements in artificial intelligence, data security and privacy, interoperability and data exchange, integration with electronic health records, and advancements in medical imaging.
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What Are the Key Drivers of the Medical Imaging Workstations Market?
The medical imaging workstations market is experiencing growth primarily due to the rising number of outpatients. Outpatient services have increased in demand with a correlating decrease in inpatient discharges. This shift from inpatient to outpatient settings, particularly for imaging services, has been driven by new payer demands and patient preferences. For example, in March 2023, Becker’s Hospital Review reported that 95% of health leaders expected an increase in outpatient volumes in 2023, with 40% of them anticipating jumps of 10% or more.
What Are the Major Segments of the Medical Imaging Workstations Market?
The medical imaging workstations market is categorized by:
1) Modality: Magnetic Resonance Imaging, Computed Tomography, Ultrasound, Mammography, Other Modalities
2) Component: Visualization Software, Display Units, Display Controller Cards, Central Processing Units
3) Usage: Thick Client Workstations, Thin Client Workstations
4) Application: Diagnostic Imaging, Clinical Review, Advanced Imaging
5) End-User: Hospitals, Diagnostic Centers, Ambulatory Centers, Other End-user
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Who Are the Major Players in the Medical Imaging Workstations Market?
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 and many more.
What Trends Are Emerging in the Medical Imaging Workstations Market?
Technology advancements are the key trend gaining popularity in the medical imaging workstation market. Healthcare organizations are increasingly adopting advanced medical imaging technologies to improve diagnostic imaging and support these technologies with analytic and visualization capabilities. For instance, in March 2022, Royal Philips launched Ultrasound Workspace, a vendor-neutral echocardiography image processing and reporting technology, bolstering their market position.
Which Region Will See the Fastest Growth in the Medical Imaging Workstations Market?
In 2024, North America was the largest region in the medical imaging workstations market. However, Asia-Pacific is expected to be the fastest-growing region in the upcoming years.
What Does The Medical Imaging Workstations Market Report 2025 Offer?
Medical imaging workstations are systems and software used in radiology departments of hospitals or diagnostic centers to provide diagnostic information based on imaging. These workstations are primarily used to view and interpret pictures for patient diagnosis. It is a component of digital imaging systems that aids in accurate diagnosis and clear visualization of abnormalities. The Medical Imaging Workstations Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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