The global 3D medical imaging market is forecasted to reach $3.9 billion by 2012, with technological advancements, visualization techniques and procedures associated with the systems driving the market growth, according to a report by Global Industry Analysts (GIA).
According to the report, Europe represents the largest collective market, with sales estimated to be $935 million in 2008. Increasing at a compound annual growth rate (CAGR) of 20 percent from 2000 to 2010, Asia-Pacific represents the fastest-growing 3D medical imaging market. United States is the single largest 3D medical imaging market, accounting for an estimated 34.6 percent share in 2008.
MRI and CT represent the largest product segment with sales forecast to exceed $2.7 billion by 2012, GIA analysts wrote. MRI, CT and ultrasound are forecasted to register impressive CAGRs over the next five years.
Although economic downtrend is currently being witnessed worldwide, the report said that the 3D medical imaging market is expected to continue to grow mainly due to the technological developments that enhance the 3D medical imaging systems. The number of 3D medical imaging procedures performed increased along with the number of 3D modalities sold leading to increased acceptance and use of 3D visualization techniques.
The report also noted that 3D systems are rapidly shifting from UNIX to PC-based workstations. Workstations that are capable of processing large number of images generated by the latest CT scanners and other modalities are in high demand.
The report said that the leading players operating in the 3D medical imaging market include Barco, GE Healthcare, Medison America, Philips Medical Systems, Siemens Healthcare, Esaote Group, TomTec Imaging and Toshiba America Medical Systems.