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The medical imaging phantoms market is predicted to undergo a positive growth transformation during the 2018-2026 forecast period. 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.

  • 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 Market: Snapshot

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 global medical imaging phantoms market is prognosticated to project a moderate CAGR of 3.6% within the forecast period from 2018 to 2026. In 2017, the medical imaging phantoms market was valued around worth of US$ 131.2 Mn. This figure is likely to reach around US$ 180.0 Mn by the end of 2026.

The global medical imaging phantoms market is classified on the basis of end-user, device type, and geographical region. Based on device type, the market is segmented as X-ray/fluoroscopy phantoms, CT phantoms, ultrasound phantoms, nuclear imaging phantoms, MRI phantoms, and so on. Use of diagnostic radiology is helping in more precise diagnosis of brain injury, cancers, other ailments, and medical implants. Medical imaging helps in CT scanning and MRIs for detecting such severe diseases. Medical imaging gadgets scan phantoms that work in place of cadaver or living subject. Scanning of phantoms decreases the scope for patient being exposed to high radiations. This is as it stimulates rupture of DNA and cellular structure. It even contributes in reduced cases of misdiagnosis of ailments, and surging the general diagnostic efficiency of the medical imaging gadgets.

global medical imaging phantoms

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.

Rising Importance of Early Diagnosis to Make North America Lead Market

Based on geography, the global medical imaging phantoms market is divided as Europe, North America, Latin America, Asia Pacific, and the Middle East & Africa. Among these, North America region led the overall market, back in 2017. The lead is foreseen to continue in the forecast period as well, owing to rising adoption of advanced technologies all over the end-use segments. Besides, rising investment in R&D activities, increasing emphasis on early diagnosis, and focus on a few best biotechnology and pharmaceutical firms and educational centers in the region are foreseen to bolster the medical imaging phantoms market in the region. The Middle East & Africa and Asia Pacific region likely to gain more market share in the forthcoming years. Growth in Asia Pacific is credited to increasing cases of chronic diseases and rising awareness are expected to gain market share within the forecast period. Increasing disposable income among the people as well contributes in the development of the Asia Pacific market.

A large number of private players dominates the global medical imaging phantoms market. These players include Gold Standard Phantoms, PTW Freiburg GmbH, Kyoto Kagaku Co. Ltd., Dielectric Corporation, Pure Imaging Phantoms, Leeds Test Objects Ltd, Modus Medical Devices Inc., Computerized Imaging Reference Systems, Inc. (CIRS, A Castleray), Carville Limited, and Biodex Medical Systems, Inc.

Global Medical Imaging Phantoms Market: Scope and Methodology

This report analyzes the current and future prospects of the global medical imaging phantoms market. The report comprises a comprehensive executive summary, including a market snapshot that provides overall information of various segments. The research is a combination of primary and secondary research. Primary research formed the bulk of the research efforts along with information collected from telephonic interviews and interactions via e-mails. Secondary research involved study of company websites, annual reports, press releases, stock analysis presentations, and various international and national databases. The report provides market size in terms of US$ Mn for each segment for the period from 2016 to 2026, considering the macro and micro environmental factors. Growth rates for each segment within the global medical imaging phantoms market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, and regulatory requirements.

A detailed qualitative analysis of factors responsible for driving and restraining the market and opportunities has been provided in the overview section. The report also provides insights into the key trends of the medical imaging phantoms market such as growth in hybrid phantoms and 3D printed head phantoms. Key market indicators influencing the global medical imaging phantoms market, including cost constraints and regulatory landscape, have been taken into consideration. The report also includes market attractiveness analysis of the major segments that provides a thorough analysis of the overall competitive scenario in the global medical imaging phantoms market.

Market revenue in terms of US$ Mn for the period between 2016 and 2026 along with the compound annual growth rate (CAGR %) from 2018 to 2026 are provided for all the segments, considering 2017 as the base year. The year-on-year growth of the global medical imaging phantoms market for each segment is also reflected. Additionally, market-related factors and historical year-on-year growth have been taken into consideration while estimating the market size.

Global Medical Imaging Phantoms Market: Segmentation

Based on device type, the global medical imaging phantoms market has been segmented into X-ray/fluoroscopy phantoms, ultrasound phantoms, CT phantoms, MRI phantoms, nuclear imaging phantoms, and others. In terms of end-user, the market has been classified into hospitals, academic & research institutes, diagnostic & reference laboratories, and medical device companies. The medical device companies segment is expected to dominate the market during the forecast period.

In terms of region, the global medical imaging phantoms market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Additionally, the regions have been divided into major countries/sub-regions. These include the U.S., Canada, the U.K., Germany, France, Italy, Spain, China, Australia, Japan, India, Brazil, GCC Countries, South Africa, and Mexico.

Global Medical Imaging Phantoms Market: Competitive Landscape

The report also profiles major players in the global medical imaging phantoms market based on various attributes such as company overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include PTW Freiburg GmbH, Gold Standard Phantoms, Kyoto Kagaku Co. Ltd., Pure Imaging Phantoms, Dielectric Corporation, Modus Medical Devices Inc., Carville Limited, Computerized Imaging Reference Systems, Inc.(CIRS, A Castleray), Biodex Medical Systems, Inc., and Leeds Test Objects Ltd.

The global medical imaging phantoms market has been segmented as follows:

Device Type

  • X-ray/Fluoroscopy Phantoms
  • Ultrasound Phantoms
  • CT Phantoms
  • MRI Phantoms
  • Nuclear Imaging Phantoms
  • Others

End-user

 

  • Hospitals
  • Academic & Research Institutes
  • Diagnostic & Reference Laboratories
  • Medical Device Companies

Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
  • Australia & New Zealand
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

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Medical Imaging Phantoms Market

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