Global Hybrid Imaging Market, By Technology (X-ray Imaging Systems, Computed Tomography (CT) Scanners, Ultrasound Systems, Magnetic Resonance Imaging (MRI) Systems, Nuclear Imaging Systems), Application (Oncology, Radiology, Neurology, Ophthalmology, Cardiology, Others), Type (PET/CT systems, SPET/CT systems, PET/MR systems, OCT/Fundus Imaging System, Others), End- User (Hospitals, Diagnostic Imaging Centers, Others)– Industry Trends and Forecast to 2029
Market Analysis and Size
Rising cases of chronic diseases is predictable to improve the growth of market. Some of the other features such as increasing demand for PET/CT hybrid imaging, growing procedure of hybrid imaging in clinical application because of their functional and anatomic skills, increasing investigation actions in hybrid applications.
Data Bridge Market Research analyses that the hybrid imaging market which was USD 7.63 billion in 2021, would rocket up to USD 10.83 million by 2029, and is expected to undergo a CAGR of 4.47% during the forecast period of 2022 to 2029. This indicates that the market value. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Hybrid imaging is a combination of two or more dissimilar imaging approaches that together can create new technique. Some of the collective types of hybrid imaging are SPET/CT systems, PET/MR systems, OCT/Fundus imaging system, PET/CT systems and others.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Technology (X-ray Imaging Systems, Computed Tomography (CT) Scanners, Ultrasound Systems, Magnetic Resonance Imaging (MRI) Systems, Nuclear Imaging Systems), Application (Oncology, Radiology, Neurology, Ophthalmology, Cardiology, Others), Type (PET/CT systems, SPET/CT systems, PET/MR systems, OCT/Fundus Imaging System, Others), End- User (Hospitals, Diagnostic Imaging Centers, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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General Electric (U.S), Siemens. (U.S), Bruker (U.S), Mediso Ltd (U.K), MILabs B.V. (Netherlands), PerkinElmer Inc. (U.S), FUJIFILM Visualsonics, Inc, (Canada), Cubresa Inc. (Canada), Amber Diagnostics (US), Canon India Pvt Ltd. (Japan), Hitachi, Ltd. (Japan), Koninklijke Philips N.V. (Netherlands), Atlantis Worldwide (U.S)
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Market Opportunities
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Hybrid imaging Market Dynamics
Drivers
- Increasing significance of combination analysis of anatomic and molecular data
Analysis of illnesses is also a driver in the growth of hybrid imaging technique. Observing ahead the assistances of hybrid imaging and its growing usage in the diagnosis, the area of growth is the combination hybrid imaging of PET or SPECT with MRI.
- High prevalence of chronic diseases
Growing alertness about early analysis and the rise in the number of diagnostic procedures are the driving factors for developing the hybrid imaging system market.
Opportunities
- Increasing occurrences of chronic diseases, with cancer
The cardiovascular diseases (CVDs), and neurological disorders, owed to sedentary lifestyles, unhealthy diets and habits, such as smoking and alcohol consumption, describe the main influences driving the market growth. Also this, there has been extensive acceptance of medical imaging technologies to distinguish and monitor disease progression, which characterizes another major growth-inducing factor.
- Governments of various countries are taking favorable initiatives
For spreading awareness concerning the benefits of mobile imaging facilities and making heavy investments toward the growth of healthcare infrastructure. The evolving trend of remote patient checking and the rushing approval of telehealth services have catalyzed the product demand. Moreover, various scientific advancements, such as the addition of portable imaging expedients with informatics and advanced imaging techniques to facilitate remote data storage and patient history tracking, have accelerated the product implementation rate among healthcare experts.
Restraints/Challenges
High cost of the hybrid imaging devices, cumulative issues related with the radiation exposure, and dearth of skilled and trained specialists will further hamper the growth of market in the forecast period 2022-2029.
Some of the disadvantages for the growth of hybrid imaging system is site authorization, scientist training, physician training and participation of high cost for procedure among the deprived population.
This hybrid imaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hybrid imaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Hybrid imaging Market
As per the recent conclusions demonstrate that medical imaging services have been hit hard by the pandemic. The situation likely will not return to normal until health professionals have more possessions to combat the original coronavirus. After the global pandemic, it is obvious that there is a lack of procedures. Since several countries depend on importations for the imaging devices, this can cause a major interruption in the supply chain of devices. Consequently, it is uncertain whether the companies will be able to certify an adequate supply of products. A probable short-term supply disruption within companies and healthcare provider organizations for select imaging devices, as a direct result of demand surge, can occur.
Recent Development
- Dec-2019: General electric derived into corporation with Affidea, a provider of medical services. The partnership is meant at deploying imaging and digital technologies across Affidea's diagnostic imaging services network.
- Dec-2019: Hitachi teamed up with T-Systems North America for developing new Hitachi Vantara-powered managed services. These services target the probabilities and challenge that healthcare and life science customer's face around initiative imaging and other business operational systems.
- Nov-2019: Hitachi Healthcare partnered with Christie Innomed. Below this partnership, Christie is intended at dispensing its diagnostic and surgical ultrasound imaging systems in Canada.
Global Hybrid imaging Market Scope
The hybrid imaging market is segmented on the basis of type, price range, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
By Technology
X-ray Imaging Systems
X-ray Digital Imaging Systems
- Computed Radiography
- Direct Radiography
X-ray Analog Imaging Systems
- Computed Tomography (CT) Scanners
- High-slice CT Scanners
- Mid-slice CT Scanners
- Low-slice CT Scanners
- Ultrasound Systems
- 2D Imaging
- 3D and 4D Imaging
- Doppler Imaging
- Magnetic Resonance Imaging (MRI) Systems
- High- and Very-high-field MRI Systems
- Low-to-mid-field MRI Systems
- Ultra-high-field MRI Systems
- Nuclear Imaging Systems [Single-photon Emission Computed Tomography (SPECT) and Photon Emission Tomography (PET) Systems]
SPECT Market
- Standalone SPECT System
- Hybrid SPECT System
Hybrid PET Market
Based on technology, the hybrid imaging market is segmented into X-ray Imaging systems, computed tomography (CT) scanners, ultrasound systems, magnetic resonance imaging (MRI) systems and nuclear imaging systems. X-ray imaging systems are further segmented into X-ray digital imaging systems and X-ray analog imaging systems. X-ray digital imaging systems are divided into computed radiography and direct radiography. Computed Tomography (CT) Scanners is divided into high-slice CT Scanners, mid-slice CT Scanners and low slice CT scanners. Ultrasound system is divided into 2D imaging, 3D and 4D imaging, and Doppler imaging. Magnetic resonance imaging systems are divided into high- and very-high-field MRI systems, low-to-mid-field MRI systems and ultra-high-field MRI systems. Nuclear imaging systems segment is divided into SPECT market and hybrid PET market. SPECT market is further divided into standalone SPECT system and hybrid SPECT system.
Application
- Oncology
- Radiology
- Neurology
- Others
On the basis of application segment of the hybrid imaging market is divided into oncology, radiology, neurology, ophthalmology, cardiology and others.
End User
- PET/CT systems
- SPET/CT systems
- PET/MR systems
- OCT/fundus imaging system
- Others.
On the basis of type, the hybrid imaging market is segmented into PET/CT systems, SPET/CT systems, PET/MR systems, OCT/fundus imaging system and others.
Hybrid imaging Market Regional Analysis/Insights
The hybrid imaging market is analysed and market size insights and trends are provided by country, type, price range, application and end user as referenced above.
The countries covered in the hybrid imaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominated the hybrid/multimodal imaging market in 2018 and is expected to grow at a momentous rate during the forecast period. The growth detected in this region is largely due to presence of global players and increasing acceptance of innovative apparatus such as hybrid imaging devices. Furthermore, cumulative awareness regarding nuclear medicine and molecular diagnostics in the region is expected to contribute toward the growing in this region.
Asia-Pacific is predictable register the strongest growth over the forecast period. This can be primarily attributed to growing usage of advanced devices such as PET/CT systems in radiology departments across emergent economies.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The hybrid imaging market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for hybrid imaging market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the hybrid imaging market. The data is available for historic period 2010-2020.
Competitive Landscape and Hybrid imaging Market Share Analysis
The hybrid imaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hybrid imaging market.
Some of the major players operating in the hybrid imaging market are:
- General Electric (U.S)
- Siemens. (U.S)
- Bruker (U.S)
- Mediso Ltd (U.K)
- MILabs B.V. (Netherlands)
- PerkinElmer Inc. (U.S)
- FUJIFILM Visualsonics, Inc, (Canada)
- Cubresa Inc. (Canada)
- Amber Diagnostics (US)
- Canon India Pvt Ltd. (Japan)
- Hitachi, Ltd. (Japan)
- Koninklijke Philips N.V. (Netherlands)
- Atlantis Worldwide (U.S)
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