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3D Medical Imaging Market to Take Off

November 23, 2011
by root
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The 3D medical imaging market will reach US$5.9 billion by the year 2017 according to new research from the San Jose, Calif.-based Global Imaging Analysts (GIA), Inc. 3D Medical Imaging includes software and workstations used in MRI and CT; and Ultrasound machines.

According to GIA, 3D medical imaging technology reportedly represents an advanced integrated solution in the field of medical imaging for making faster and accurate diagnosis possible and improving patient throughput as well. Advanced capabilities, such as 3D and 4D imaging, are now a reality given the technological innovations that have made computing of multiple probe signals in a given time possible, across various imaging modalities.

As stated by the new market research report on 3D Medical Imaging, Europe represents the largest regional market, although the U.S. constitutes the single largest market globally. The escalating usage of MRI, CT, and ultrasound imaging has fuelled growth of the European market for 3D medical imaging market.

Asia-Pacific is likely to emerge as the fastest growing market with a compound annual growth rate (CAGR) of 17.5 percent over the analysis period. MRI & CT represents the largest segment, and is projected to record the fastest CAGR of 14 percent over the analysis period. Characterized by the larger population, increasing number of hospitals and diagnostic centers, as well as supported by a fair knowledge of advanced technologies and increasing purchasing power,

The ultrasound equipment market globally managed to weather challenges posed by the economic slowdown and witnessed recovery in 2010. Additionally, improvements in the Ultrasound technology, coupled with the persistent uncertainty regarding the cost-efficiency and safety of MRI and CT modalities, and expanding utilization of the modality in latest clinical applications, is set to make ultrasound a primary medical imaging option in the coming years. Technological advancements in MRI are currently targeted at increasing contrast image and resolution, improving workflow, increasing patient throughput and reducing scan time, apart from the bore size. In fact, the primary focus is currently on patient comfort improvements and production maximization.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/3D_Medical_Imaging_Market_Report.asp

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