Medical Imaging Phantoms Market - By Product Type (X-ray, Ultrasound, MRI, Nuclear Imaging, CT), Material (Stimulating Devices, False Organs), End-use (Hospitals, Reference Laboratories, Research & Academic Institutes) - Global Forecast (2024 - 2032)

Medical Imaging Phantoms Market - By Product Type (X-ray, Ultrasound, MRI, Nuclear Imaging, CT), Material (Stimulating Devices, False Organs), End-use (Hospitals, Reference Laboratories, Research & Academic Institutes) - Global Forecast (2024 - 2032)

Medical imaging phantoms market size is set to register 5% CAGR during 2024-2032, driven by the increasing demand for accurate and reliable imaging techniques in the healthcare sector. Medical imaging phantoms are important tools for measuring and validating the performance of imaging devices, such as MRI, CT, and ultrasound machines. With the prevalence of chronic diseases like cancer and cardiovascular disease, the need for accurate diagnostic tools is growing, driving healthcare providers to invest in advanced imaging technologies. As per WHO, in 2022, approximately 20 million new cases of cancer were estimated to have occurred, resulting in 9.7 million deaths.

Medical schools, research institutes, and training centers also employ phantom extensively for conducting clinical trials and research studies for descriptive purposes. The increase in healthcare infrastructure investment, particularly in emerging economies, have further led to the increased purchases of imaging devices, including phantoms and related equipment, to support and provide growing healthcare needs.

The industry is classified into product type, material, end-use, and region.

Based on product type, the medical imaging phantoms market from the ultrasound phantoms segment is poised to generate substantial revenue during 2024-2032. This is due to the increasing utilization of ultrasound technology across various medical fields, including obstetrics, cardiology, and emergency medicine. Ultrasound phantoms are essential for calibrating, training, and quality assurance of ultrasound devices for ensuring accurate and reliable imaging results. Wide adoption of point-of-care ultrasound (POCUS) and the extensive usage of non-invasive diagnostic methods have further increased the product demand.

Medical imaging phantoms industry from the research & academic institutes end-use segment is set to witness decent growth over the forecast period, driven by strong demand for essential tools in education, training, and research. With the improving medical imaging technology, there is an increasing need for high-quality phantoms to facilitate hands-on learning and testing in learning environments. Phantoms have also emerged as valuable tools for imaging human tissues & organs, allowing students and researchers to use imaging techniques, verify new protocols, and conduct experiments without the need for human subjects.

Asia Pacific medical imaging phantoms industry size will surge significantly through 2032. The growth is attributed to the expanding healthcare infrastructure and increasing adoption of advanced medical imaging technologies across China, India, and Japan. Increasing investments in medical education and training centers are increasing the need for phantoms for teaching and clinical skills development. The subsequent demand for accurate diagnostic tools is also stimulating the regional market growth.