Medical Imaging Phantoms Market Projected to Witness Vigorous Expansion by 2026
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.
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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.
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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.
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