Medical Imaging Phantoms Market Size, Share & Trends Report

Medical Imaging Phantoms Market Size, Share & Trends Analysis Report By Device Type (X-ray, Ultrasound, CT, MRI), By End Use, By Material (Simulating Organs, False Organs), By Region, And Segment Forecasts, 2020 - 2027

  • Published Date: Feb, 2020
  • Base Year for Estimate: 2019
  • Report ID: GVR-3-68038-153-5
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 110

Report Overview

The global medical imaging phantoms market size was valued at USD 141.1 million in 2019 and is anticipated to register a CAGR of 5.2% over the forecast period. The increasing disease burden of lifestyle-associated disorders such as cardiac failure, chronic kidney disease, and Chronic Obstructive Pulmonary Disease (COPD), and rising demand for accurate calibration techniques for effective diagnostic imaging procedures are the key factors expected to drive the market growth. For instance, according to the World Health Organization (WHO), in 2016, the global prevalence of COPD was 251.0 million cases. In addition, increasing demand for early diagnostic methods are some of the major driving factors of the market.

India medical imaging phantom market size

The increasing number of diagnostic imaging facilities and a growing need for in-house calibration techniques are the factors driving the demand for innovative imaging phantoms. According to the U.S. Census Bureau, in 2015, 6,598 outpatient imaging diagnostic centers were present in the U.S. Moreover, the development of technologically advanced medical imaging phantoms to enhance the accuracy of these medical devices is expected to drive market growth over the forecast period. 3D printing technology is effectively being used for developing low-cost medical imaging phantoms with appropriate complexities. Phantoms developed using 3D technology represent realistic images of tissues and organs produced by various imaging modalities such as computed tomography (CT), positron emission tomography (PET), magnetic resonance imaging (MRI), and single-photon emission computed tomography (SPECT). Increasing demand for quick and efficient diagnostic imaging procedures is eventually expected to boost the demand for advanced phantoms. 

The maximum number of MRI units are present in the U.S. and European countries such as Germany, which is expected to provide huge growth potential to phantom suppliers. For instance, according to the OECD, in 2017, about 37.7 MRI units are available per every million of its population in the U.S., while 34.5 such units are available per every million of its population in Germany. In addition, preclinical studies conducted to examine the efficiency of 3D developed medical imaging phantoms and multimodal imaging phantoms are expected to drive the demand for innovative phantoms in the coming years.

The demand for X-ray phantoms is currently on the rise due to its widening applications. Fluoroscopy phantoms are the most widely used since fluoroscopy systems are gaining popularity as they offer high-quality images. In addition, players in the market are developing an all-in-one medical imaging phantom to provide high efficiency for various medical imaging devices and a more cost-effective solution. Therefore, the adoption of these integrated phantoms to enhance the performance of various multidisciplinary medical imaging devices is expected to drive market growth during the forecast period.

The growing prevalence of disorders such as cardiac failure, various types of cancer, and chronic disorders, is expected to play a key role in the rising demand for advanced phantoms. These phantoms can help in exploring the potential for early detection capabilities of imaging systems. Hence, the usage of medical imaging phantoms to improve the efficiency of devices such as X-ray, CT scan, and MRI is expected to play a significant role in market growth. Furthermore, an increasing number of clinical trials by universities and institutes for improving the accuracy of phantoms for various disorders such as solid tumors is expected to positively affect market growth.

Device Type Insights

Based on device type, the medical imaging phantom market has been segmented into ultrasound, X-ray, CT, nuclear imaging, MRI, and others. Other devices include radionuclide, mammography, optical tomography, and specimen imaging. X-ray phantoms held the largest share in 2019 and the segment is expected to register a significant growth rate over the forecast period.

The increasing number of radiography tests is boosting the need for X-ray devices. For instance, according to the NHS, in January 2017, 1.9 million plain radiography tests were recorded in England. The rising adoption of X-ray devices is contributing to the growing demand for X-ray medical imaging phantoms. To meet the growing demand, several market players are increasingly focusing on the development of advanced and realistic phantoms.

The nuclear imaging phantoms segment is expected to grow at the fastest rate from 2020 to 2027 owing to the development of detailed anatomical phantoms for its effective use in biomedical and bioengineering research. Therefore, these realistic anatomical changes in phantoms will help develop an advanced computational model for nuclear imaging, which would in turn drive the segment growth over the forecast period.

Material Insights

Based on material, the market has been segmented into simulating devices and false organs. Simulating devices held the largest market share in 2019 and is also expected to grow at the fastest rate over the forecast period. The increasing adoption of simulating devices to measure the flow rate, temperature, and other parameters of imaging devices is expected to drive market growth over the forecast period. Moreover, these devices are connected to imaging devices wirelessly and provide effective control, monitoring, and recording for imaging purposes. In addition, simulating devices have a wide application in multi-nuclear imaging, spectroscopy, quantitative diffusion imaging, and MRI, among others. Therefore, effective use of simulating devices for enhancing the performance of medical imaging devices is expected to contribute to market growth.

The false organs segment is expected to witness a moderate growth rate over the forecast period. These organs are available in different anatomies to facilitate a realistic user experience. Moreover, false organs are widely used in ultrasound and radiology for the diagnosis of pediatric as well as adult patients. The increasing application of these organs is expected to drive the segment growth during the forecast period.

End-use Insights

Based on end-use, the medical imaging phantom market has been segmented into hospitals, diagnostic and reference laboratories, academic and research institutes, and medical device companies. Hospitals held the largest market share in 2019, and the segment is estimated to grow at a significant rate during the forecast period. The increasing number of medical imaging procedures in hospitals is leading to the installation of effective and accurate medical devices. This, in turn, is driving the need for medical imaging phantoms in hospitals.

Medical device companies are also expected to gain a significant share of the market in the near future owing to increasing medical training and research activities. The high number of clinical and preclinical trials for various imaging modalities integrated with artificial intelligence are anticipated to play a pivotal role in market growth.

Global medical imaging phantom market share

Large-sized hospitals are starting in-house imaging centers which help in saving a significant amount of time during diagnosis and treatment. This is expected to boost the demand for imaging systems as well as imaging phantoms in the coming years.

The academic and research institutes segment also held a significant share of the market in 2019 due to the growing demand for trained students in the field of medical imaging. Moreover, increasing research activities and technological innovation in the production and designing of phantoms is expected to play a pivotal role in boosting demand. Several bioengineering researchers are aiming to develop a realistic phantom head for magnetic resonance research, which is an emerging trend in the market.

Regional Insights

North America held the largest share in the global market in 2019 largely due to the increasing healthcare expenditure and installation of various medical imaging devices such as CT scanners and MRI devices in the region. In addition, growing awareness of medical imaging in countries such as the U.S. and Canada is expected to impact the adoption of medical imaging devices.

Asia Pacific is expected to witness the fastest growth rate during the forecast period. This is mainly due to the increasing prevalence of lifestyle-associated disorders such as cardiac failure. For instance, according to the American Heart Association (AHA), the prevalence of heart failure in the Asia Pacific region ranges from 1.3% to 6.7%. In addition, 4.2 million people in China alone suffer from heart failure. Therefore, the increasing prevalence of such diseases drives the demand for early diagnosis, which would subsequently drive the demand for medical imaging phantoms. Moreover, the growing number of skilled professionals, increasing demand for advanced diagnostic products, and rising medical tourism in developing economies of the region are boosting the market in the Asia Pacific region.

Medical Imaging Phantoms Market Share Insights

The major players present in the market are Biodex Medical Systems, Inc.; Gold Standard Phantoms; Pure Imaging Phantoms; Modus Medical Devices Inc.; True Phantom Solutions; Computerized Imaging Reference Systems, Inc.; Carville Limited; PTW Freiburg GmbH; Dielectric Corporation; Quart GmbH; Leeds Test Objects Ltd; Kyoto Kagaku Co. Ltd; and PhantomX.

These market players are focusing on forming an efficient value chain to cater to the growing demand for innovative phantoms. For instance, Gold Standard Phantoms signed a strategic partnership with the National Physical Laboratory (NPL) and NEL to create 'Porous Modelling within a Perfusion Phantom'. NPL will bring proficiency in mathematical modeling, analysis of complicated systems, and characterization and metrology essential to the success of the project.

Medical Imaging Phantoms Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 147.5 million

Revenue forecast in 2027

USD 212.4 million

Growth Rate

CAGR of 5.2% from 2020 to 2027

Base year for estimation

2019

Historical data

2016 – 2018

Forecast period

2020 – 2027

Quantitative units

Revenue in USD million, Volume in ’000 Units, and CAGR from 2020 to 2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Device type, end-use, material, region

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Russia; Netherlands; Switzerland; Turkey; Poland; China; India; Japan; Thailand; South Korea; Indonesia; Taiwan; Hong Kong; Philippines; Malaysia; Mexico; Brazil; Colombia; Argentina; Chile; South Africa; Saudi Arabia; UAE; Kuwait; Qatar

Key companies profiled

Biodex Medical Systems, Inc.; Gold Standard Phantoms; Pure Imaging Phantoms; Modus Medical Devices Inc.; True Phantom Solutions; Computerized Imaging Reference Systems, Inc.; Carville Limited; PTW Freiburg GmbH; Dielectric Corporation; Quart GmbH; Leeds Test Objects Ltd; Kyoto Kagaku Co. Ltd; PhantomX

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Segments
Covered in the Report

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global medical imaging phantoms market report on the basis of device type, end-use, material, and region:

  • Device Type Outlook (Volume, ’000 Units; Revenue, USD Million, 2016 - 2027)

    • X-ray

    • Ultrasound

    • CT

    • MRI

    • Nuclear imaging

    • Others

  • End-use Outlook (Revenue, USD Million, 2016 - 2027)

    • Hospitals

    • Academic and Research Institutes

    • Diagnostic and Reference Laboratories

    • Medical Device Companies

  • Material Outlook (Volume, ’000 Units; Revenue, USD Million, 2016 - 2027)

    • Simulating devices

      • X-ray

      • Ultrasound

      • CT

      • MRI

      • Nuclear imaging

      • Others

    • False organs

      • X-ray

      • Ultrasound

      • CT

      • MRI

      • Nuclear imaging

      • Others

  • Regional Outlook (Volume, ’000 Units; Revenue, USD Million, 2016 - 2027)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

      • Russia

      • Netherlands

      • Switzerland

      • Turkey

      • Poland

    • Asia Pacific

      • China

      • Japan

      • India

      • Thailand

      • South Korea

      • Indonesia

      • Taiwan

      • Hong Kong

      • Philippines

      • Malaysia

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Colombia

      • Chile

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

      • Kuwait

      • Qatar

Frequently Asked Questions About This Report

Pricing & Purchase Options

Service Guarantee

  • Quality assurance

    Insured Buying

    This report has a service guarantee. We stand by our report quality.

  • Information security

    Confidentiality

    We are in compliance with GDPR & CCPR norms. All interactions are confidential.

  • grand view research PCI DSS complaint grand view research gdpr verified
  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities