The market growth is attributed to the increase in the number of medical imaging procedures, surge in the 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.
The US and Canada have considerably modernized healthcare facilities and services. As a result, the life expectancy of people in these countries has increased, leading to the growth in their geriatric population base.
The elderly population majorly suffers from various chronic diseases, such as cardiovascular diseases (CVD), due to structural and functional changes in their cardiovascular systems. Aging leads to the stiffening of the heart and blood vessels. Thus, arrhythmias, coronary artery disease, and heart failure are common risk factors in people aged 75 and above. In the 2019 Heart Disease and Stroke statistical update by the American Heart Association (AAH), the incidence of CVDs was 77.2% in males and 78.2% in females aged 60–79 years. Furthermore, the incidence of CVDs was 89.3% in adult males and 91.8% in adult females aged 80 and above. Thus, the rising global geriatric population increases the demand for various disease diagnosis procedures and medical imaging informatics, thereby fueling the North America medical imaging informatics market growth.
North America Medical Imaging Informatics Market Revenue and Forecast to 2028 (US$ Million)
North America Medical Imaging Informatics Market Segmentation
The North America 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 North America medical imaging informatics market is segmented into the US, Canada, and Mexico.
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 North America medical imaging informatics market.