A recent report published by Infinium Global Research on the medical imaging phantoms market provides an in-depth analysis of segments and sub-segments in the global as well as regional medical imaging phantoms market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional medical imaging phantoms market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global medical imaging phantoms market. According to the report, the global medical imaging phantoms market is projected to grow at a CAGR of 3.4% over the forecast period of 2019-2025.
Growing incidences of chronic diseases such as HIV and cancer are the major factors that drive the growth of smart implantable pumps market across the globe. These chronic diseases need to be checked and diagnosis properly to avoid future problems. According to the World Health Organization, chronic disease is the leading cause of early death across the world. Furthermore, growing rates of the accidents along with the need for advanced screening is increasing adoption of the medical imaging phantoms and in turn, driving the growth of the medical imaging phantoms market. Also, growing research and development activities in imaging technologies globally and mainly in the developing region are also some other key factors that help in driving the market growth. However, high-cost concerns coupled with complicated maintenance and time constraints are some of the major factors that may restrain the growth of the market. Moreover, the large pool of underserved patients, a rise in the number of the urban population, and the presence of favorable insurance policies create an opportunity for the growth of the medical imaging phantoms market in the upcoming years.
In terms of region, the global medical imaging phantoms market is segmented into North America, Europe, Asia Pacific and the Rest of the World. Among all, North America holds the largest market share and is likely to dominate the medical imaging phantoms market during the forecast period. This is credited to the growing investment in research and development activities, increasing importance on early diagnosis. Also, focus on a few best biotechnology and pharmaceutical companies and educational centers in the region are likely to boost the medical imaging phantoms market. Moreover, the medical imaging phantoms market is estimated to grow at a rapid speed in the Asia Pacific region. This is attributed to the high demand for advanced medical services in developing economies, like India and China. Growing cases of chronic diseases and rising awareness are some other factors that fuel the growth of the market in this region.
The report on global medical imaging phantoms market covers segments such as device type, and end user. On the basis of device type, the sub-markets include ultrasound phantoms, x-ray/fluoroscopy phantoms, MRI phantoms, nuclear imaging phantoms, CT phantoms, and other types. On the basis of end user, the sub-markets include hospitals, academic & research institutes, diagnostic and reference laboratories, and medical device companies.
The report provides profiles of the companies in the market such as PTW Freiburg GmbH, Gold Standard Phantoms, Pure Imaging Phantoms, Kyoto Kagaku Co. Ltd., Dielectric Corporation, Modus Medical Devices Inc., Computerized Imaging Reference Systems, Inc., Carville Limited, Leeds Test Objects Ltd., Biodex Medical Systems, Inc., and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the medical imaging phantoms market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.