Global Medical Imaging Phantoms Market Overview
Medical imaging phantoms are devices that are mainly used in the evaluation and analysis of medical imaging devices such as MRI scanners, CT scanners, etc. Medical imaging phantoms provide better and more consistent results than other objects such as live samples or cadavers.
The global medical imaging phantoms market size is expected to expand at a steady CAGR of nearly 4% over the forecast period of 2020-2030.
The COVID-19 pandemic has had a nominal effect on the global medical imaging phantoms market. This is one of the very few markets not to experience sudden dip in value during this worldwide crisis. Technological advancements in medical imaging phantoms will be the key driver for this market over the next decade.
Medical Imaging Phantoms Market Insights by Product
Imaging phantoms are considered a much safer option than human tissue being used in imaging devices, and provide more productive and reliable results. The medical imaging phantoms market is segregated into a number of product types, based on their uses in the medical industry.
The product types are X-ray/fluoroscopy phantoms, CT phantoms, Ultrasound phantoms, nuclear imaging phantoms, MRI phantoms, and others.
The leading product type that holds a majority market share, i.e. over 30%, is X-ray/fluoroscopy phantoms. The segment is doing well due to extensive increase in demand and usage of X-ray/fluoroscopy machines by doctors and researchers across the globe.
CT phantoms and ultrasound phantoms also occupy a considerable medical imaging phantoms market share, due to the wide range of applications of these machines, which is also a key driver of the market.
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Medical Imaging Phantoms Market Insights by End User
The medical imaging phantoms market is segmented across end users by hospitals, academic & research institutes, diagnostic & reference laboratories, and medical device companies.
A dominant position in the market is held by hospitals, on account of increasing number of hospital admissions, beneficial support by respective governments to increase quality of treatment, and rise in medical reimbursement policies.
Other end user segments such as academic & research institutes also comprise a considerable portion of the market, due to technology advancements and investments in R&D activities.
Regional Outlook of Medical Imaging Phantoms Market
The global medical imaging phantoms market is segmented into the following main regions - North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America holds a majority share and is the dominant region in the market.
This is mainly because of its advanced healthcare infrastructure, support from the government for increasing the number of medical imaging devices for improvement in the efficiency of this sector, increase in sales of imaging devices, and a patient-centric approach.
The medical imaging phantoms market in Asia Pacific is predicted to experience the fastest growth during the forecast period. Key reason being, increasing prevalence of disorders such as cardiac arrests, chronic disorders, etc. Rise in medical tourism in developing economies of the region also acts a driver for this regional market.
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Medical Imaging Phantoms Market: Key Players
The global medical imaging phantoms market is slightly fragmented in nature. The market framework involves a moderate level of competition among several players.
Key players in the market are Gold Standard Phantoms, PTW Freiburg GmbH, Kyoto Kagaku Co. Ltd., Dielectric Corporation, Pure Imaging Phantoms, Leeds Test Objects Ltd, Modus Medical Devices Inc., Computerized Imaging Reference Systems, Inc. (CIRS, A Castleray), Carville Limited, and Biodex Medical Systems, Inc.
The Analyst’s Viewpoint
“Lower costs of medical imaging phantoms and upgrades in technology and materials are expected to be key drivers of the market over the short-term forecast period.”
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COVID-19 Impact on Medical Imaging Phantoms Market
The COVID-19 disease caused by coronavirus has had a significant adverse impact on global businesses. The impact on the medical imaging phantoms market, however, has consequently been on a nominal scale.
Key factor being, the threat of the pandemic has made doctors and researchers take utmost precautions, thereby aiding market growth.
The pandemic has also resulted in a crucial increase in the number of patients and research activities, which is a proven driver for the market in terms of revenue. Patients will delay diagnostic procedures for now, but will ultimately head to hospitals for carrying out necessary tests.
Medical Imaging Phantoms Market: About the Report
Fact.MR published an exclusive forecast report on the global medical imaging phantoms market for 2020 and 2030. The foremost objective of this report on the global medical imaging phantoms market is to pitch spearhead insights on the market scenario, demand generators, and technological advancements in the market.
Also, the study on the medical imaging phantoms market addresses key dynamics that are expected to diversify the sales and future prominence of medical imaging phantoms.
The report on the global medical imaging phantoms market begins with an executive overview, in which, product definition has been provided. The report further proceeds with the taxonomy of the medical imaging phantoms market, elaborating on key segments.
Also, the report outlines visionary insights on the dynamics of the medical imaging phantoms market, including the drivers, restraints, opportunities, trends, and pricing analysis, along with the key buying factors for medical imaging phantoms.
Supply chain analysis and pricing analysis of the medical imaging phantoms market along with the difference between medical imaging phantoms used as per application have also been included in the report, to help readers clearly understand the product framework map in the global medical imaging phantoms market.
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Medical Imaging Phantoms Market: Segmentation
Fact.MR has studied the medical imaging phantoms market with detailed segmentation on the basis of type, end-user, and key regions.
- X-ray/Fluoroscopy Phantoms
- CT Phantoms
- Ultrasound Phantoms
- Nuclear Imaging Phantoms
- MRI Phantoms
- Academic and Research Institutes
- Diagnostic and Reference Laboratories
- Medical Device Companies
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”
Medical Imaging Phantoms Market - Scope of the Report
A recent study by Fact.MR on the medical imaging phantoms market offers a 10-year forecast for 2020 to 2030. The study analyzes crucial trends that are currently determining the growth of the medical imaging phantoms market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of medical imaging phantoms. The study also provides the dynamics that are responsible for influencing the future status of the medical imaging phantoms market over the forecast period.
A detailed assessment of the medical imaging phantoms market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the medical imaging phantoms market, along with their product portfolios, enhances the reliability of this comprehensive research study.
Medical Imaging Phantoms Market: Report Summary
The study offers a comprehensive analysis on diverse features, including demand, product developments, revenue generation, and sales in the medical imaging phantoms market across the globe.
A comprehensive estimate on the medical imaging phantoms market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of medical imaging phantoms during the forecast period. Price point comparison by region with global average price is also considered in the study.
Medical Imaging Phantoms Market: Analysis on Market Size Evaluation
The medical imaging phantoms market has been analyzed for each market segment in terms of value (US$ Mn).
Market estimates at global and regional levels for medical imaging phantoms are available in terms of “US$ Mn” for value. A Y-o-Y growth contrast on prominent medical imaging phantoms market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve, along with identifying potential resources, considering the sales and distribution perspective in the global medical imaging phantoms market.
Medical Imaging Phantoms Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the medical imaging phantoms market report, which have helped deliver projection on regional markets. These chapters include regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the medical imaging phantoms market during the forecast period.
Country-specific valuation on demand for medical imaging phantoms has been offered for each regional market, along with market scope estimates and forecasts, price index, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value for emerging countries has also been included in the report.
Medical Imaging Phantoms Market: In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of medical imaging phantoms along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of medical imaging phantoms has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.
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