Medical Imaging Phantom Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The medical imaging phantom market is expected to register a CAGR of 5.1% during the forecast period. The growing burden of diseases such as cancer is expected to drive the medical imaging phantom market growth. Breast cancer is the commonly diagnosed cancer in women and one of the leading causes of death. According to the World Health Organization, in 2018, globally, approximately 2.1 million women were diagnosed with breast cancer. Most of it is diagnosed in the late stage of it. Hence, this is expected to boost the demand for more efficient diagnosis imaging tools involving phantoms. According to the Bioengineered study in 2016, phantom tissues were used to evaluate the in-vivo detection of breast cancer at early stages, and the measures of concentration were achieved. But, high-cost involvement of procedures for diagnostic imaging may hamper the medical imaging phantom market growth.
Key Market TrendsX-ray Phantoms Segment is Expected to Hold a Major Market Share in the Medical Imaging Phantom MarketNorth America is expected to dominate the medical imaging phantom market due to the increasing burden of diseases and a rising preference for diagnostic imaging. According to the National Institutes of Health, the incidence of brain tumors in 2019 was recorded to be around 23,820. MRI scans are used for detecting brain tumors in the body. According to the Organization for Economic Cooperation and Development, in 2017, the U.S. installed around 38 million MRI units per million of the population. Hence, this factor is expected to increase the demand for imaging phantoms, thereby propelling North America’s medical imaging phantom market growth.
Competitive LandscapeThe medical imaging phantom market consists of several major players, and some of the companies which are currently dominating the market are Carville, Computerized Imaging Reference Systems, Inc., Pure Imaging Phantoms, Biodex Medical System, Inc., Leeds Test Object Ltd., Bartec Technologies Ltd., Gold Standard Phantoms, Kyoto Kagaku Co., Ltd, Modus Medical Device Inc., and PTW Freiburg GmbH.
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