Research Nester published a report titled “Multimodal Imaging Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global multimodal imaging market in terms of market segmentation by product, technology, application, end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global multimodal imaging market is anticipated to grow with a CAGR of ~6% during the forecast period, i.e., 2022-2031. The market is segmented by end user into hospitals, diagnostic imaging centers and others. Out of these segments, hospitals segment is anticipated to garner the largest market share by the end of 2031, backed by the rising growth of hospital industry and increasing number of hospitals across the world. Hence such factor is anticipated to foster the segment growth in the coming years.
The global multimodal imaging market is estimated to garner a moderate revenue by the end of 2031, owing to the rising applications of multimodal imaging systems and availability of funds for research. The increasing prevalence of chronic diseases is driving the demand for multimodal imaging systems, as these devices are capable of detecting early signs of chronic diseases. Moreover, rising technological advancements and further development of the healthcare industry are expected to fuel the growth of the global multimodal imaging market in the coming years.
Geographically, the global multimodal imaging market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market is North America is estimated to garner the largest market share over the forecast period, owing to the rising healthcare expenditure in the region. Apart from this, the market in Asia Pacific is estimated to register significant growth in the coming years.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rising Level of Geriatric Population to Drive the Market Growth
Globally, the population aged 60 years and above stood at about 1 billion in 2020, which is expected to reach 1.4 billion by 2030, and this figure is expected to rise to 2.1 billion by the end of 2050, according to World Health Organization (WHO).
The rising number of old age population is estimated to be increasing in coming years, which is anticipated to drive the growth of market. As geriatric population is more prone to chronic or cardiovascular diseases. Therefore, increasing cases of cardiovascular and chronic disease are further estimated to create market volume in the coming years. Moreover, increasing competence among key manufacturers along with increased research and development expenditure are also estimated to propel the global multimodal imaging market growth during the forecast period.
However, the high cost associated with multimodal imaging systems is expected to operate as key restraints to the growth of global multimodal imaging market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global multimodal imaging market which includes company profiling of Siemens Healthcare GmbH, Mediso Kft., Neusoft Medical Systems Co., Ltd., Infraredx, a Nipro Company, Spectrum Dynamics Medical, Koninklijke Philips N.V., United Imaging Healthcare Co., Ltd., Canon Medical Systems Corporation, Topcon Corporation and General Electric Company. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global multimodal imaging market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.