Global Multimodal Imaging Market is expected to foresee significant growth. North America to lead the growth!

Multimodality imaging is widely considered to involve the incorporation of two or more imaging modalities, usually within the setting of a single examination. The demand for multimodal imaging systems is increasing due to the rising number of chronic diseases along with the increasing geriatric population. For instance, as per the WHO,approximately 1.71 billion people have musculoskeletal conditions worldwide. Musculoskeletal conditions are the leading contributor to disability worldwide, with low back pain being the single leading cause of disability in 160 countries. Furthermore, technological advancements and increasing research & development expenditures also attributes to the market growth of multimodal imaging systems.

The multimodal imaging market is expected to grow at a steady rate of around 5% owing to higher investment in hospitals and medical facilities Factors such as the availability of research funding and rising awareness are important factors responsible for the growth of the multimodal imaging market.

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Based on the technology, the market has been categorized into PET/CT, SPECT/CT, PET/MRI, and others. Among them, the PET/CT segment holds a considerable share of the market. Rising demand for the early diagnostics of cancer as well as the increasing incidences of neurological disorders such as Alzheimer’s disease attributed to the segmental growth of the PET/CT in the market.

Based on application, the market has been categorized into oncology, cardiology, neurology, and others. The oncology segment is expected to witness a higher CAGR during the forecast period. The rising prevalence of cancer along with increasing demand for accurate diagnostics of the disease attributes to the growth of the adult segment. For instance, as per the WHO, Cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020, or nearly one in six deaths

Based on the end-user, the market has been categorized into hospitals, diagnostic centers, and others. Among them, the hospital segment holds a considerable share of the market. This is due to the presence of qualified professionals, the availability of specialized equipment, and a huge patient base. Furthermore, the installation of technologically advanced multimodal imaging systems also catalyzes the segmental growth of hospitals.

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For a better understanding of the market adoption of the multimodal imaging industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial rate during the forecast period. The major factors such as the higher investment in research & development and the presence of well-established healthcare infrastructure in the region. For instance, the United States investments in R&D increased by 13% in 2020 in comparison with 2018 which accounted for US$ 5,86,959 in 2018 and reached US$ 6,64,058 in 2020.

Some of the major players operating in the market include Canon Medical Systems Corporation, Carl Zeiss AG, GE Healthcare, Heidelberg Engineering, Infraredx Inc., Koninklijke Philips N.V., Mediso Medical Imaging Kft, MILabs B.V., Neusoft Medical Systems Co. Ltd., and Neusoft Medical Systems Co. Ltd.

Global Multimodal Imaging Market Segmentation

Market Insight, by Technology

• PET/CT
• SPECT/CT• PET/MRI• Others

Market Insight, by Application

• Oncology
• Cardiology• Neurology• Others

Market Insight, by End-User

• Hospital
• Diagnostic centers• Others

Market Insight, by Region

• North America
  • US
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of Asia-Pacific
• Rest of the World

Top Company Profiles

• Canon Medical Systems Corporation
• Carl Zeiss AG• GE Healthcare• Heidelberg Engineering• Infraredx Inc.• Koninklijke Philips N.V.• Mediso Medical Imaging Kft• MILabs B.V.• Neusoft Medical Systems Co. Ltd.• Siemens Healthineers AG