The global Medical Imaging Phantoms market size is expected to be worth around US$ xx billion by 2027, according to a new report by Vision Research Reports.
The global Medical Imaging Phantoms market size was valued at US$ 141.1 million in 2019 and is anticipated to grow at a CAGR of 5.2% during forecast period 2021 to 2027.
Medical imaging phantoms are devices used as a human tissue substitute. The medical phantoms help in providing qualitative, reliable, and productive results of medical imaging systems. On the end-user basis, the medical imaging phantoms market has been classified into diagnostic and reference laboratories, academic and research institutes, and hospitals. Medical imaging phantoms are utilized as an alternative of human tissue. These help in providing more productive, qualitative, and reliable results of medical imaging systems. Calibration done utilizing are traceable and based on international and national standards.
The ongoing COVID-19 pandemic gives a clear picture of the positive growth rate the medical imaging phantoms market will experience during the forecast period. The outbreak has urged researchers and doctors to perform their duties at an accelerated pace. Hence, to enable this, medical imaging phantoms can be of great use. A rise in the research numbers as well as COVID-19 screenings to find coronavirus positive patients may serve as growth boosters for the medical imaging phantoms market.
Technological developments to maintain the accuracy of the medical imaging systems is the main objective in these times. The availability of high-quality phantoms is the need of the hour for better output. Increased efficiency of several medical imaging devices will enable healthcare professionals to quickly analyze, detect and treat the patients. Therefore, the manufacturers are focusing on this factor to boost the sales of the medical imaging phantoms market. Imaging phantoms are a vital tool, but they are expensive and difficult to customize. With the help of technology, this obstacle can be avoided. 3D printing is a prominent method that can be used for manufacturing low-cost, customized, and reusable imaging phantoms. These 3D printed phantoms can be equally beneficial as a commercially available phantom. They are an ideal option for speedy production and distribution.
Such technological advancements can help the medical imaging phantoms market to a great extent. Thus, these factors aid greatly in accelerating the growth rate of the medical imaging phantoms market.
Medical Imaging Phantoms Help Strengthen Efficiency of Several Imaging Devices
The medical imaging phantoms are used widely to improve efficiency of several medical imaging gadgets. This help medical experts and practitioners to detect, interpret, analyze, evaluate, and generate quality information required for medical treatment and opinions. These are some of the factors boosting the growth of medical imaging phantoms market in the span of forthcoming years. Based on end-user, the medical imaging phantoms market is segregated into medical device companies, academic & research institutes, hospitals, and diagnostic & reference laboratories. The medical device firms segment is anticipated to lead the market in the coming years.
X-ray/Fluoroscopy Phantoms and Ultrasound Phantoms Segments to Capture Significant Market Share
The report offers detailed segmentation of the global medical imaging phantoms market. Based on device type, the X-ray/fluoroscopy phantoms segment dominated the market in terms of revenue, as these are the most widely used imaging systems, followed by ultrasound phantoms. Dominant market share of the X-ray/fluoroscopy phantoms segment is due to high usage of X-ray equipment in large as well as small health care facilities. X-rays are not only cost-effective diagnostic measures, but also have a wide array of applications in medical imaging. The nuclear imaging phantoms and CT phantoms segments are projected to expand at a rapid pace during the forecast period compared to the others segment. Increase in usage of novel advanced diagnostic tests such as PET and SPECT and rise in prevalence of various chronic diseases are anticipated to drive the nuclear imaging phantoms segment during the forecast period.
Hospitals Segment to Grow at Rapid Pace
The medical device companies segment accounted for significant market share in 2020, followed by the hospitals segment. Growth of the hospitals segment is attributed to the rise in incidence of various chronic disorders, ability of hospitals to provide optimum health care services to patients, and increase in the number of patients opting for treatment at hospitals supported by reimbursement programs such as Medicare.
Asia Pacific Market to be driven by Improving Health care Infrastructure
In terms of revenue, North America dominated the global medical imaging phantoms market in 2020. The region is likely to lose market share by 2027. However, North America is expected to account for a significant share of the global medical imaging phantoms market in terms of revenue owing to the increased usage of highly priced advanced 3D printed phantoms in the region. Asia Pacific is projected to gain market share owing to rise in prevalence of chronic disorders and surge in awareness about medical imaging phantoms among the people. Rise in disposable income of people also contributes to the growth of the market in Asia Pacific.
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.
Device Type Outlook
Academic and Research Institutes
Diagnostic and Reference Laboratories
Medical Device Companies
Middle East & Africa
The Medical Imaging Phantoms market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Medical Imaging Phantoms market for the base year 2020 and the forecast between 2021 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Medical Imaging Phantoms market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Medical Imaging Phantoms market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Medical Imaging Phantoms market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Medical Imaging Phantoms capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Medical Imaging Phantoms by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Medical Imaging Phantoms market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Medical Imaging Phantoms market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Medical Imaging Phantoms market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Medical Imaging Phantoms industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Medical Imaging Phantoms 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 Medical Imaging Phantoms market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Medical Imaging Phantoms market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Medical Imaging Phantoms market. These factors have benefited the growth of the global market for Medical Imaging Phantoms. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Medical Imaging Phantoms. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Medical Imaging Phantoms are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Table of Contents
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Medical Imaging Phantoms Market
4. Market Overview
4.2. Market Taxonomy
4.3. Global Medical Imaging Phantoms Market Analysis and Forecast, 2017–2027
5. Market Dynamics
5.1. Market Dynamics
5.2. Technological Advancement in 3D Printing to Produce Medical Imaging Phantoms: An Overview
5.3. Major Research Institutes Involved in Medical Imaging Phantoms Development
6. Global Medical Imaging Phantoms Market Analysis and Forecasts, by Device Type
6.1. Introduction & Definition
6.2. Market Value Forecast, by Device Type, 2017–2027
6.2.1. X-ray/Fluoroscopy Phantoms
6.2.2. Ultrasound Phantoms
6.2.3. CT Phantoms
6.2.4. MRI Phantoms
6.2.5. Nuclear Imaging Phantoms
6.3. Market Attractiveness, by Device Type
7. Global Medical Imaging Phantoms Market Analysis and Forecasts, by End-user
7.1. Introduction & Definition
7.2. Market Value Forecast, by End-user, 2017–2027
7.2.2. Academic & Research Institutes
7.2.3. Diagnostic & Reference Laboratories
7.2.4. Medical Device Companies
7.3. Market Attractiveness, by End-user
8. Global Medical Imaging Phantoms Market Analysis and Forecasts, by Region
8.1. Key Findings
8.2. Market Value Forecast, by Region
8.2.1. North America
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness, by Country/Region
9. North America Medical Imaging Phantoms Market Analysis and Forecast
9.2. Market Value Forecast, by Device Type, 2017–2027
9.2.1. X-ray/Fluoroscopy Phantoms
9.2.2. Ultrasound Phantoms
9.2.3. CT Phantoms
9.2.4. MRI Phantoms
9.2.5. Nuclear Imaging Phantoms
9.3. Market Value Forecast, by End-user, 2017–2027
9.3.2. Academic & Research Institutes
9.3.3. Diagnostic & Reference Laboratories
9.3.4. Medical Device Companies
9.4. Market Value Forecast, by Country, 2017–2027
9.5. Market Attractiveness Analysis
9.5.1. By Device Type
9.5.2. By End-user
9.5.3. By Country
10. Europe Medical Imaging Phantoms Market Analysis and Forecast
10.2. Market Value Forecast, by Device Type, 2017–2027
10.2.1. X-ray/Fluoroscopy Phantoms
10.2.2. Ultrasound Phantoms
10.2.3. CT Phantoms
10.2.4. MRI Phantoms
10.2.5. Nuclear Imaging Phantoms
10.3. Market Value Forecast, by End-user, 2017–2027
10.3.2. Academic & Research Institutes
10.3.3. Diagnostic & Reference Laboratories
10.3.4. Medical Device Companies
10.4. Market Value Forecast, by Country/Sub-region, 2017–2027
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Device Type
10.5.2. By End-user
10.5.3. By Country/Sub-region
11. Asia Pacific Medical Imaging Phantoms Market Analysis and Forecast
11.2. Market Value Forecast, by Device Type, 2017–2027
11.2.1. X-ray/Fluoroscopy Phantoms
11.2.2. Ultrasound Phantoms
11.2.3. CT Phantoms
11.2.4. MRI Phantoms
11.2.5. Nuclear Imaging Phantoms
11.3. Market Value Forecast, by End-user, 2017–2027
11.3.2. Academic & Research Institutes
11.3.3. Diagnostic & Reference Laboratories
11.3.4. Medical Device Companies
11.4. Market Value Forecast, by Country/Sub-region, 2017–2027
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Device Type
11.5.2. By End-user
11.5.3. By Country/Sub-region
12. Latin America Medical Imaging Phantoms Market Analysis and Forecast
12.2. Market Value Forecast, by Device Type, 2017–2027
12.2.1. X-ray/Fluoroscopy Phantoms
12.2.2. Ultrasound Phantoms
12.2.3. CT Phantoms
12.2.4. MRI Phantoms
12.2.5. Nuclear Imaging Phantoms
12.3. Market Value Forecast, by End-user, 2017–2027
12.3.2. Academic & Research Institutes
12.3.3. Diagnostic & Reference Laboratories
12.3.4. Medical Device Companies
12.4. Market Value Forecast, by Country/Sub-region, 2017–2027
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Device Type
12.5.2. By End-user
12.5.3. By Country/Sub-region
13. Middle East & Africa Medical Imaging Phantoms Market Analysis and Forecast
13.2. Market Value Forecast, by Device Type, 2017–2027
13.2.1. X-ray/Fluoroscopy Phantoms
13.2.2. Ultrasound Phantoms
13.2.3. CT Phantoms
13.2.4. MRI Phantoms
13.2.5. Nuclear Imaging Phantoms
13.3. Market Value Forecast, by End-user, 2017–2027
13.3.2. Academic & Research Institutes
13.3.3. Diagnostic & Reference Laboratories
13.3.4. Medical Device Companies
13.4. Market Value Forecast, by Country/Sub-region, 2017–2027
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Market Attractiveness Analysis
13.5.1. By Device Type
13.5.2. By End-user
13.5.3. By Country/Sub-region
14. Company Profiles
14.1. PTW Freiburg GmbH
14.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.1.2. Product Portfolio
14.1.3. SWOT Analysis
14.1.4. Strategic Overview
14.2. Gold Standard Phantoms
14.2.1. Company Overview (HQ, Business Segments, Employee Strength)
14.2.2. Product Portfolio
14.2.3. SWOT Analysis
14.2.4. Strategic Overview
14.3. Kyoto Kagaku Co. Ltd.
14.3.1. Company Overview (HQ, Business Segments, Employee Strength)
14.3.2. Product Portfolio
14.3.3. SWOT Analysis
14.3.4. Strategic Overview
14.4. Pure Imaging Phantoms
14.4.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.2. Product Portfolio
14.4.3. SWOT Analysis
14.4.4. Strategic Overview
14.5. Dielectric Corporation
14.5.1. Company Overview (HQ, Business Segments, Employee Strength)
14.5.2. Product Portfolio
14.5.3. SWOT Analysis
14.5.4. Strategic Overview
14.6. Modus Medical Devices Inc.
14.6.1. Company Overview (HQ, Business Segments, Employee Strength)
14.6.2. Product Portfolio
14.6.3. SWOT Analysis
14.6.4. Strategic Overview
14.7. Carville Limited.
14.7.1. Company Overview (HQ, Business Segments, Employee Strength)
14.7.2. Product Portfolio
14.7.3. SWOT Analysis
14.7.4. Strategic Overview
14.8. Computerized Imaging Reference Systems, Inc. (CIRS, A Castleray)
14.8.1. Company Overview (HQ, Business Segments, Employee Strength)
14.8.2. Product Portfolio
14.8.3. SWOT Analysis
14.8.4. Strategic Overview
14.9. Biodex Medical Systems, Inc.
14.9.1. Company Overview (HQ, Business Segments, Employee Strength)
14.9.2. Product Portfolio
14.9.3. SWOT Analysis
14.9.4. Strategic Overview
14.10. Leeds Test Objects LTD
14.10.1. Company Overview (HQ, Business Segments, Employee Strength)
14.10.2. Product Portfolio
14.10.3. SWOT Analysis
14.10.4. Strategic Overview
Cancer Supportive Care Drugs Market (By Therapeutic Class: G-CSFs, Anti-emetics, ESAs, Bisphosphonates, Opioids, NSAIDs & Others)- Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030Read more...
eHealth Devices Market( By Type: Blood Pressure Meters, Fever Meters, Glucose Meters, Care Phone/Social Alarms)- Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030Read more...
Tracheostomy Products Market (By Demographics: Adults, Paediatrics/Neonatal; By Type: Tracheostomy Tubes, Ventilation Accessories ; By End Use: Hospitals & Surgery Centers, Ambulatory Care Centers, Home Care Settings, Others; By Technique) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030Read more...
Smart Blood Pressure Monitoring Devices Market (By Type: Upper Arm Blood Pressure Monitor, Wrist Blood Pressure Monitor Finger Blood Pressure Monitor; By Technology: Wi-Fi Based/4G, Bluetooth Based)- Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030Read more...
Laparoscopic Electrodes Market (By Application: Bariatric, General Surgeries; By Product: Monopolar, Bipolar Electrodes; By End User: Hospital, Ambulatory)- Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2022-2030Read more...