The market growth is attributed to the technological advancements in medical imaging informatics and surge in geriatric population and prevalence of chronic diseases. However, a lack of expertise in operating medical imaging informatics systems is expected to restrict the market growth during the forecast period.
Technological integration has played an enormous role in developing efficient medical imaging tools. Medical imaging informatics is used to diagnose physical injuries and locate and identify tumors in the human body. Considering the massive potential held by medical imaging, companies are looking to invest heavily in the development of efficient products to expand their clientele. Increasing regulatory approvals for advanced products and the focus on product innovations are likely to significantly impact the growth of the Asia Pacific medical imaging informatics market in the coming years.In July 2020, FUJIFILM Sonosite, Inc. announced the launch of the Sonosite PX ultrasound system. The company claims that this product is the next generation in Sonosite POCUS, with the most advanced image clarity. Moreover, in April 2019, Canon Medical Systems launched its new ultrasound system that delivers higher performance than its counterparts. The Aplio-A series introduced by the company is used for various clinical purposes and is available at an affordable price. The availability of such low-cost products with high efficiency is likely to favor the growth of the Asia Pacific medical imaging informatics market during the forecast period.
Asia Pacific Medical Imaging Informatics Market Segmentation
The Asia Pacific medical imaging informatics market is segmented into type, application, component, and country. Based on type, the market is segmented into digital radiography, ultrasound, MRI, CT, nuclear imaging, and mammography. Based on application, the market is categorized into hospitals, ambulatory healthcare settings, diagnostics and imaging centers, and others. Based on component, the market is segmented into software, hardware, and services. By country, the Asia Pacific medical imaging informatics market is segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific.
Agfa-Gevaert Group; Carestream Health; ESAOTE SPA; GENERAL ELECTRIC; Koninklijke Philips N.V.; Siemens Healthcare GmbH; Hologic, Inc.; Konica Minolta, Inc.; Shenzhen Mindray Bio-Medical Electronics Co., Ltd.; and FUJIFILM Holdings Corporation are a few major companies operating in the Asia Pacific medical imaging informatics market.