While minimally invasive surgery benefits patients with decreased blood loss, smaller incisions, shorter hospital stays, and greater accuracy, surgeons currently contend with restrained visibility because of their reliance on laparoscopic cameras. Medical 4k imaging can assist in finding on cancer before it turns into devastating and incurable. It increases the probability of patients’ survival by detecting cancers development at an early stage. As a result, it reduces mortality at the same time also enhances care. According to the American Cancer Society, there are nearly 1,958,310 new cancer cases within the United States in 2023.
4k Medical Imaging market is expanding at a CAGR of 11.07% during the 2023 to 2030
With the increasing demand for advanced visualization quality within the medical filed and the availability of technologically advanced products for hd-definition medical imaging, substantial growth is predicted in the worldwide 4K medical imaging market. As the population ages, there's a greater demand for healthcare offerings and diagnostic imaging. Older human beings frequently require frequent and thorough imaging treatments, necessitating modern medical presentations. With a greater emphasis on affected person delight and comfort in healthcare settings, there is a greater demand for more specific, intelligible imaging statistics. High quality displays are essential for enhancing patient comprehension and participation of their care.
Advancements in healthcare technology and the developing demand for specific medical diagnostics are using worldwide growth in 4K medical imaging. This is fuelled by extensive medical research, a focus on innovative healthcare solutions, and the need for high-definition visualization throughout medical practices. Additionally, rapid improvements in medical device technology and growing demand for quality imaging by using medical specialists are boosting the adoption of 4K medical imaging.
Government commitments to raise healthcare standards and services, along with accelerated utilization of 4K imaging in each traditional diagnostics and revolutionary medical applications, are contributing to market expansion. 4K imaging's superior features, which include superior clarity and zoom capability without lack of detail, are essentials for diverse medical approaches. Moreover, significant investment in research and improvement in the thriving healthcare industry is a major driver. Ongoing upgrades in 4K imaging technology, consisting of integration with contemporary medical system and customization for particular medical programs, are propelling its sizeable adoption. This relentless technological development complements medical diagnostic skills, improving precision and versatility in patient care. The global 4k medical imaging market was US$ 941 Million in 2023.
X-ray has dominated the section as a result of its extensive use by the people
By Type, the Global 4k Medical Imaging Market is segmented into Magnetic Resonance Imaging, Computed Tomography, X-ray, Ultrasound and Other Types. X-ray technology has established itself as a dominant pressure within the 4K imaging market because of its considerable adoption by the people. Its enduring recognition is attributed to its versatility and effectiveness in medical imaging. X-rays provide healthcare professionals and patients with the capability to acquire clear and fast insights into the human body, taking into account the detection of a wide array of conditions. Due to the increasing demand for high-quality medical imaging systems, the medical device industry is rapidly innovating and developing advanced X-ray imaging solutions. These new technologies are expected to cater to a large population, making the X-ray market size grow significantly in the 4K imaging industry, creating new opportunities for expansion and advancement.Hospitals captured the largest percentage in the 4k Medical Imaging Market
By End User, Global 4k Medical Imaging Market is divided into Hospitals, Diagnostic Imaging Centers, Specialty Clinics and Other End user. The accelerated demand for advanced imaging technologies and the incorporation of imaging tools into surgical attire are driving this hospital boom. Developed countries have seen a great surge in demand for those technologies, particularly in teaching hospitals as compared to popular or specialized medical facilities.Hospitals offer a range of imaging modalities to address the numerous medical situations and specialities, each requiring unique display capabilities to correctly show images, whether in monochrome for X-rays or complete coloration for CT and MRI scans. These images are used for referrals, patient’s consultations, and surgical planning within hospitals related to a PACS (Picture Archiving and Communication System).
United States of America is expected to dominate the 4k medical imaging market throughout the forecast Period
By Country, the Global 4k Medical Imaging Market is split into United States, Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, India, Israel, Italy, Japan, Mexico, Netherlands, Saudi-Arabia, South Africa, Spain, Switzerland, United Kingdom and Turkey. The United States of America boasts most advanced healthcare infrastructures, encompassing top-tier hospitals, clinics, and research facilities that heavily rely on cutting age medical imaging devices. The country has rapidly followed electronic health statistics (EHRs) and Picture Archiving and Communication Systems (PACS), each of which demand for extremely best medical presentations for radiology monitors and surgical and diagnostic screens.Many of the world's main medical imaging display producers, inclusive of EIZO, Barco, and LG, have a strong presence in the United States of America, offering easy access to contemporary technology and understanding. For instance, in October 2022, Samsung has recently made a strategic move to expand its presence in the ultrasound business in North America. As part of this expansion, the company plans to invest in new product introductions that will feature Samsung technology, improve order processing systems, and expand service offerings to include remote automation. In addition, the company aims to expand its market coverage to reach more Integrated Delivery Networks. These investments focus on maximizing patient and customer engagement with best-in-class imaging technology and ensuring patients and clinicians have easier access to Samsung's innovative imaging solutions.
Key Player
Stryker Corporation, Zimmer Biomet Holdings, Inc, Smith & Nephew plc, Conmed Corporation, Medtronic, Sony, Fujifim and Hitachi are the key player in the 4K Imaging Market.This latest report “4K Medical Imaging Market, Global Forecast By Type (Magnetic Resonance Imaging, Computed Tomography, X-ray, Ultrasound, Other Types), End User (Hospitals, Diagnostic Imaging Centers, Speciality Clinics, Other End user), Country (United States, Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, India, Israel, Italy, Japan, Mexico, Netherlands, Saudi-Arabia, South Africa, Spain, Switzerland, United Kingdom and Turkey), Companies (Stryker Corporation, Zimmer Biomet Holdings, Inc, Smith & Nephew plc, Conmed Corporation, Medtronic, Sony, Fujifim and Hitachi)” provides a detailed analysis of 4K Medical Imaging Industry.
Type - Global 4K Medical Imaging Market has been covered from 5 viewpoints:
1. Magnetic Resonance Imaging2. Computed Tomography
3. X-ray
4. Ultrasound
5. Other Types
End User - Global 4K Medical Imaging Market has been covered from 4 viewpoints:
1. Hospitals2. Diagnostic Imaging Centers
3. Specialty Clinics
4. Other End user
Country - Report covers 21 countries 4K Medical Imaging Market
1. North America1.1 United States
1.2 Canada
1.3 Mexico
2. Europe
2.1 Belgium
2.2 France
2.3 Germany
2.4 Italy
2.5 Spain
2.6 Switzerland
2.7 United Kingdom
2.8 Turkey
2.9 Netherland
3. Asia Pacific
3.1 China
3.2 Australia
3.3 India
3.4 Japan
4. South America
4.1 Argentina
4.2 Brazil
5. Middle East & Africa
5.1 Saudi-Arabia
5.2 Israel
5.3 South Africa
Company Insights:
- Overview
- Recent Development
- Revenue
Key Players:
1. Stryker Corporation2. Zimmer Biomet Holdings Inc
3. Smith & Nephew plc
4. Conmed Corporation
5. Medtronic
6. Sony
7. Fujifim
8. Hitachi
Table of Contents
Companies Mentioned
- Stryker Corporation
- Zimmer Biomet Holdings Inc
- Smith & Nephew plc
- Conmed Corporation
- Medtronic
- Sony
- Fujifim
- Hitachi
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 170 |
Published | November 2023 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 941 Million |
Forecasted Market Value ( USD | $ 1962 Million |
Compound Annual Growth Rate | 11.0% |
Regions Covered | Global |
No. of Companies Mentioned | 8 |