The global Medical Imaging Workstations Market size was estimated at USD 4.1 billion in 2018 and is anticipated to expand at a CAGR of 7.2% by 2026. Increasing usage of medical imaging workstations for maintaining the healthcare records, information flow, and accurate diagnosis is majorly driving the growth. Introduction of technologically advanced and affordable systems is expected to further fuel the growth.
Paradigm shift towards automated systems for the diagnosis of diseases is contributing to the development and adoption of medical imaging workstations. Introduction of advanced imaging modules such as 3D and 4D is helping healthcare professionals to accurately diagnose the disease and take informed decisions. Integration of diagnostic systems with predictive analysis is expected to play a pivotal role during the forecast period.
Rising number of outpatient as well as ambulatory imaging centers is expected to drive the demand for medical imaging workstations during the forecast period. Rising demand for affordable diagnostic options in remote rural areas is expected to fuel the market growth lucratively during the forecast period.
The age of onset of chronic conditions such as stroke, cancer, diabetes, and heart diseases is decreasing drastically. Along with the age-related diseases, rising number of lifestyle associated chronic diseases are expected to boost the demand for preventive diagnostic tools. According to the National Center for Chronic Disease Prevention and Health Promotion, around 60% Americans are currently living with at least one chronic disease. Growing awareness about preventive healthcare, introduction of favorable reimbursement policies for preventive diagnosis, and introduction of advanced devices are the factors attributed to the swift market growth.
Thin client workstations segment is anticipated to expand at a CAGR of more than 7.0% during the forecast period from 2019 to 2026. These are associated with several benefits such as high productivity due to the presence of flexible setup, enhanced security, and simplified handling.
Thin client workstations are gaining popularity over the former due to the expenses saved in terms of IT support costs, upfront purchases costs, capital costs, and others. Their demand is comparatively higher in small imaging facilities and ambulatory imaging centers. Thick client workstations consist of multimedia components and hence are considered effective for intensive bandwidth applications in large establishment such as hospitals and standalone imaging facilities.
Advanced imaging segment held the dominant share in the Medical Imaging Workstations Market in 2018 and is expected to continue its dominance during the forecast period. Advanced imaging covers workstations with state of the art displays screen and integration with advanced software. The software include predictive analytics and artificial intelligence in medical imaging. Along with these advancements introduction of novel radiation safety techniques are expected to increase the application of imaging radiology, and thus fuel the demand.
Advanced imaging systems are integrated with cloud-based technology, which increases the accessibility of the images captured by the device. Increasing accessibility towards the image will help reduce the chances of image duplication and patients’ exposure to radiation.
Conventional imaging provides diagnosis at affordable cost. Also, these conventional imaging systems require less interpretation time in comparison to advanced imaging systems. Moreover, these conventional imaging systems do not require skilled professionals.
Visualization software is expected to expand at a significant rate during the forecast period. These software helps precise and accurate understanding of complex set of data. This includes gathering large amount of data and presentation of the information in an understandable fashion Therefore, this helps medical professional to arrive at accurate diagnosis.
Hardware are cost-effective components to diagnose and present the data related to the disease. These include data processing and display units. Availability of affordable integrated circuits, smaller storage units, introduction of advanced are expected to drive the segment throughout the forecast period.
Computed Tomography (CT) holds the dominant market share. CT helps in showing detailed internal anatomy and hence helps in determining the treatment course. Usage of CT helps in reducing the hospital stay and improving patient convenience. Therefore, growing preference for CT over other diagnostic tools is expected to contribute to the segment growth during the forecast period.
Magnetic Resonance Imaging (MRI) is expected to witness significant growth during the forecast period, attributed to its major benefits such as noninvasiveness and ability to provide 3D images with the help of magnetic field and radio waves. Usage of MRI for diagnosis decreases the exposure to radiation and associated side-effects. Mammography and ultrasound are other segment under modality which are also expected to account significant growth in the forecasted period.
North America held the largest market share in 2018. Presence of global players, favorable reimbursement scenario, and growing adoption of digital platforms for diagnosis are some of the factors expected to play an important role in regional market dynamics. The region is expected to continue its dominance till 2026.
Asia Pacific is anticipated to register the fastest CAGR during the forecast years. Increasing demand for advanced imaging and presence of local market players in countries such as China, India, and South Korea are some of the factors driving the regional growth.
Countries such as Thailand, India, and Malaysia are experiencing steep rise in medical facilities such as development of imaging centers and clinics. This is due to the increasing healthcare expenditure in these countries. In addition, rising funds in the form of investments made by public and private entities, is expected to drive the market during forecast period.
Key players are Accuray Incorporated, CANON MEDICAL SYSTEMS CORPORATION, Carestream Health, Carl Zeiss Meditec AG, FUJIFILM Holdings Corporation, GE Healthcare, Koninklijke Philips N.V., NGI Group, and Siemens.
Frequent product launches and strengthening the product portfolio are some of the strategic initiatives taken by the key players. Presence of local market players in developing countries is increasing the reach of medical imaging workstation at lower prices. This will increase its adoption and in turn propel the overall market growth.
Base year for estimation
Actual estimates/Historical data
2015 - 2017
2019 - 2026
Revenue in USD Million and CAGR from 2015 to 2026
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
U.S., Canada, U.K., Germany, France, Italy, Spain, China, India, Japan, Thailand, South Korea Mexico, Brazil, Colombia, Argentina, South Africa, Saudi Arabia, UAE
Revenue forecast, company share, competitive landscape, growth factors and trends
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This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2026. For the purpose of this study, Grand View Research has segmented the global Medical Imaging Workstations Market report on the basis of usage mode, application, component, modality and region:
Usage mode Outlook (Revenue, USD Million, 2015 - 2026)
Thick Client Workstations
Thin Client Workstations
Application Outlook (Revenue, USD Million, 2015 - 2026)
Component Outlook (Revenue, USD Million, 2015 - 2026)
Modality Outlook (Revenue in USD Million and Volume in ‘000 Units, 2015 - 2026)
Computed Tomography (CT)
Magnetic Resonance Imaging (MRI)
Regional Outlook (Revenue, USD Million, 2015 - 2026)
Middle East & Africa
b. The global medical imaging workstations market size was estimated at USD 4.4 billion in 2019 and is expected to reach USD 4.7 billion in 2020.
b. The global medical imaging workstations market is expected to grow at a compound annual growth rate of 7.2% from 2019 to 2026 to reach USD 7.1 billion by 2026.
b. CT segment dominated the medical imaging workstations market with a share of 32.2% in 2019. This is attributable to the growing preference for CT which helps in reducing the hospital stay and improving patient convenience.
b. Some key players operating in the medical imaging workstations market include Accuray Incorporated, CANON MEDICAL SYSTEMS CORPORATION, Carestream Health, Carl Zeiss Meditec AG, FUJIFILM Holdings Corporation, GE Healthcare, Koninklijke Philips N.V., NGI Group, and Siemens.
b. Key factors that are driving the market growth include increasing usage of medical imaging workstations for maintaining the healthcare records, information flow, and accurate diagnosis.
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Amongst the majorly used Covid-19 screening options, imaging is preferred by most healthcare professionals as it provides a primary diagnosis in a short time. All the imaging modalities including nuclear imaging have been used exhaustively to study Covid-19 and its effect on different patients in each demography. These are used in theories such as comparison of the vulnerability of pediatric and geriatric patients, and treatment response for several drug combinations. The rising requirement for advanced lung imaging solutions is expected to boost the development studies for lung phantoms. A detailed study on lung deterioration in Covid-19 patients is expected to provide advanced measures for early detection of the disease. The report will account for Covid19 as a key market contributor.