According to FutureWise analysis the market for medical imaging workstations in 2023 was US$ 1.37 billion, and is expected to reach US$ 2.75 billion by 2031 at a CAGR of 9.12%.
Medical imaging offers promising and major advances in science and medicine and high-quality images of disease diagnosis. The workstation of these images includes recording and storing the diagnostic results with the help of software-embedded diagnostic tools, which helps the health care professionals to treat the disease of interest in terms of treatment schedule. Imaging science has three lines of investigation: Segmentation, registration, and visualization. Combine all these segments in one workstation with the help of emerging techniques like PACS (Picture archiving and communication systems). Different approaches are available, like image-guided workstations, model-based therapy, and DICOM standards, etc.
The rapid advancement of technologies led to the integration of different imaging techniques into a single workspace and created a huge demand in the diagnosis of medical inactions. Medical imaging workstations are meant to decrease manual effort and increase the efficiency of the diagnosis process. Further, the rising complexity of imaging techniques led to the development of a completely automated process for better management of primary healthcare settings. They are meant to decrease diagnosis time and improve patient care. Additionally, increasing the healthcare budget and changing regulatory scenarios to advance the existing diagnostic technologies fuelled the growth of the medical image workstation market. The rapid evolution of technologies led to the integration of managing techniques in clinical settings, which has further boosted the market's growth. Due to increasing adoption, the medical imaging workstations market is expected to witness a double growth rate during the forecast period.
North America and Europe are the most lucrative markets for manufacturers due to the well-established healthcare system. These two regions are expected to dominate the global medical imaging workstation market. Changing economic conditions in the Asia Pacific region are expected to boost the market's growth. Latin America and the rest of the world are highly untapped markets, have created opportunistic spaces for international players, and are expected to fuel the growth of the global medical imaging workstation market. Leading manufacturers are expected to account for 70% of the market share in the global medical imaging management market.