Pune, India -- (SBWIRE) -- 12/13/2019 -- The Infinium Global Research analyzes the "Orthopedic Medical Imaging Market (Product Type - X-ray Systems, CT Scanners, MRI Scanners, Ultrasound Systems, and Nuclear Imaging Systems; Application - Chronic Disorders, Bone Tumors, Acute Injuries, and Other Applications; End User - Hospitals, Radiology Centers, and Ambulatory Services Centers): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025." The global orthopedic medical imaging market is projected to grow at a CAGR of 5.1% over the forecast period of 2019-2025.

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The global orthopedic medical imaging market is anticipated to witness healthy growth in the forecast period, owing to its rising importance in the medical field. Medical imaging enables healthcare specialists to study internal parts by creating visual representations that reveal internal structures hidden by the skin and bones. It helps a doctor to study anatomy and physiology to identify abnormalities. Several types of orthopedic medical imaging systems are available in the market such as X-ray, CT scan, ultrasound, Magnetic resonance imaging (MRI), and nuclear magnetic imaging (NMR) that are used by hospitals, surgery centers, and orthopedic specialty clinics.

Orthopedic Medical Imaging Market: Drivers, Restraints, and Opportunities

one of the major factors driving the orthopedic imaging market is the rising number of osteoarthritis and arthritis problems with the growing elderly population all over the world. According to the World Health Organisation, between 2015 and 2050, the proportion of the world's population over 60 years will nearly double from 12% to 22% and by 2020, the number of people aged 60 years and older will outnumber children younger than 5 years.

Moreover, an increasing the number of sports-based injuries and road accidents has increased the demand for orthopedic medical imaging. On the other hand, lack of trained professionals and high costs associated with the installation of medical imaging instruments can hamper the growth of the market.

However, despite the high cost, the demand for the medical imaging systems will remain high, as being the first and crucial step of the diagnosis for orthopedic problems thus gives a better growth opportunity to the orthopedic medical imaging market in near future.

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Orthopedic Medical Imaging Market: Segmentation

The global orthopedic medical imaging market is segmented by product, application, and end-user. Based on the product type market is categorized into X-ray systems, CT scanners, MRI scanners, ultrasound systems, and nuclear imaging systems. X-ray systems are the most basic and important tool for the diagnosis of bone problems, simplicity in use and ease of operation compared to other instruments, X-ray systems hold high share (more than 30%) of the market. The application segment covers chronic disorders, bone tumors, acute injuries, and other applications. While End-user segment categorised into hospitals, radiology centres and ambulatory services centres (ASCs).

North America Hold High Share of the Market

Geographically, the global orthopedic medical imaging market segmented by North America, Europe, Asia-Pacific, and RoW. North America hold high share of the market, technological advancement in healthcare devices, large patient pool is some of the factor contributing to the growth of the market in this region. Europe holds the second position in the market, companies in this region are focusing on development and advancement of the healthcare sector especially in the medical imaging market.

Germany, Russia, UK, and France are few major countries contributing to the growth of the medical imaging market. Asia-Pacific is a promising region for the growth of the medical imaging market, The rising need for advanced medical imaging systems and healthy environment to the establishment for major players in the market in developing countries like India and China gives healthy chances for market growth.

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Orthopedic Medical Imaging Market: Competitive Analysis

Some of the major players in the market are GE Healthcare, Hitachi, Philips Healthcare, Siemens Healthineers, Toshiba Medical Systems, Canon, Carl-Zeiss Meditec AG, Accuray Incorporated, Fujifilm Holdings Corporation, Hologic. GE Healthcare has launched an advanced surgical imaging systems such as OEC-C arm, surgical navigation systems which improving the company's stand in the global medical imaging market. Other companies like Siemens Healthineers, Toshiba Medical Systems, and Canon are holding the market firmly with innovation and advancement in medical imaging systems.

Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the orthopedic medical imaging.

=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.

=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.  

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.