Medical Film Scanner Market

Medical imaging is also known as radiology, in which medical practitioners create various images of the body parts for treatment or diagnostic purposes. The medical imaging process also includes non-invasive tests that enable doctors to diagnose diseases and injuries without being intrusive. Medical imaging technologies include CT scans, X-rays as powerful tools, but on the flip side due to ionizing radiation, they are used sparingly.

Ionizing radiations carries a risk of cataracts, cancers, abnormal developments in fetuses, and cellular mutation. Nuclear magnetic resonance and MRIs offer no ionizing radiation and reduced risks. Ultrasound, with the use of ultrasonic vibrations to create images, is one of the safest forms of medical imaging.

COVID-19 Scenario Analysis: 

• The outbreak of COVID-19 is likely to have a moderate impact on the market in the forecast period. Research and development activities to identify the threat of SARS-CoV-2 virus on the patients suffering are likely to slow the market growth.
• COVID-19 has brought about a significant burden on the healthcare industry globally, with disruption in the treatment of non-communicable diseases. Challenges exist in providing effective care.
• Realizing the disturbing healthcare trends, governments are making efforts to provide excellent quality healthcare to patients globally. Nationwide lockdowns, canceled or postponed elective surgeries, denied wound care services, rise in skin injuries may lead to a decline during the forecast timeline. However, on the flip side, the latter half of the forecast is predicted to show a drastic rise.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

• The core factors that drive the industry are rising demand for early-stage diagnosis of diseases and increasing aging demographics, which is witnessed to boost the market demand globally for diagnostic imaging. Advancements in technology, coupled with investments and rising funds by the government, mostly in the developing economies, such as China and India, are anticipated to contribute to market growth. 
• For example, Allengers, in 2020 launched India’s first locally manufactured 32 slice CT scanner, developed in collaboration with Canon Medical Systems.
• Additionally, the rising demand for state-of-the-art imaging modalities by universities and hospitals to provide training and treatment has a significant impact on the market in the years to come. This trend was previously restricted to the developed countries, which is now showing a shift towards developing economies/countries. 
• The Magnetom Terra 7 Tesla (7T) magnetic resonance imaging (MRI) scanner is an advanced ultra-high-field scanner developed by Siemens Healthineers. It is one of the first 7T MRI scanners cleared for clinical imaging in the US and Europe.
• Hadassah-Hebrew University Medical Center’ Wohl Institute for Translational Medicine, Jerusalem in Israel installed an approved 7T MRI system.
• Countries like India, Thailand and South Korea have recently installed 3.5T MRI systems. Increasing ease of doing business, favorable FDI policies, and increasing awareness of the technologically advanced imaging technologies are some of the core factors that are expected to boost the market growth globally. The rise of teleradiology services has helped global networking of expertise. This is predicted to overcome the restraints related to the lack of expert radiologists in emerging countries.
• North America dominated the market in the last decade due to the presence of a large number of players in the region and the high frequency of products launch are the factors that contribute to the growth of the market in the region. The region witnesses high-priced medical imaging modalities with high adoption technologies, because of high patient awareness and favorable reimbursement scenarios. Additionally, service charges in developed countries are higher than the developing countries. This makes a faster return on investment in high-priced diagnostics systems and suits.
• Asia-Pacific diagnostic imaging market is predicted to rise at the fastest rate over the forecast timeline due to increasing incidences of chronic diseases and more demand for technologically advanced imaging devices. Japan is anticipated to be the most lucrative market in Asia-Pacific. 

Key Benefits of the Report:

• This study presents the analytical depiction of the global medical film scanner market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global medical film scanner market share.
• The current market is quantitatively analyzed from 2021 to 2030 to highlight the global medical film scanner market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
• The report provides a detailed global medical film scanner market analysis based on competitive intensity and how the competition will take shape in the coming years. 

Questions Answered in the Medical Film Scanner Market Research Report:

• What are the leading market players active in the medical film scanner market?
• What current trends will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future that would help in taking further strategic steps?

 Medical Film Scanner Market Report Highlights