Pune, India -- (SBWIRE) -- 12/02/2019 -- Infinium Global Research has added a new report on "Medical Imaging Phantoms Market (Device Type - Ultrasound Phantoms, X-ray/fluoroscopy Phantoms, MRI Phantoms, Nuclear Imaging Phantoms, CT Phantoms, and Other Types; End User - Hospitals, Academic & Research Institutes, Diagnostic and Reference Laboratories, and Medical Device Companies): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025." The global medical imaging phantoms market is projected to grow at a CAGR of 3.4% over the forecast period of 2019-2025.

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Prevailing Number of People Suffering from Chronic Diseases Such as HIV and Cancer Boost the Growth of Medical Imaging Phantoms Market

Growing incidences of chronic diseases such as HIV and cancer are the major factors that drive the growth of smart implantable pumps market across the globe. According to the World Health Organization, chronic disease is the leading cause of early death across the world. Also, increasing research and development activities in imaging technologies globally and especially in the developing region are some other key factors that help in driving market growth.

However, high-cost concerns coupled with complicated maintenance are some of the major factors that may hamper the growth of the market. Moreover, the rise in the amount of the urban population and the presence of favorable insurance policies create an opportunity for the growth of the medical imaging phantoms market in the next few years.

The Dominance of Hospital Segment Accounted for Medical Imaging Phantoms Market

The global medical imaging phantoms market is segmented based on device type, and end-user. Based on device type, the global medical imaging phantoms market bifurcated into ultrasound phantoms, X-ray/fluoroscopy phantoms, MRI phantoms, nuclear imaging phantoms, CT phantoms, and others. Medical imaging helps in CT scanning and MRIs for detecting severe diseases like brain injury, cancers, other ailments, and medical implants.

Moreover, in terms of end-user, the global market is classified into hospitals, academic & research institutes, diagnostic and reference laboratories, and medical device companies. Among all, the hospital segment is projected to dominate the global phantoms market due to favorable government initiatives to improve the quality of treatment and increase in reimbursement policies related to medical imaging.

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North America Holds a Dominant Share in the Global Medical Imaging Phantoms Market

Geographically, the global medical imaging phantoms market is classified into North America, Europe, Asia Pacific and the Rest of the World. Among all, North America is leading the medical imaging phantoms market. This is attributed to the growing investment in research and development activities, increasing importance on early diagnosis. Moreover, the medical imaging phantoms market is estimated to grow at a rapid speed in the Asia Pacific region. This is credited to the high demand for advanced medical services in developing economies, like India and China.

Medical Imaging Phantoms Market: Competitive Landscape

The global medical imaging phantoms market comprises with the players such as PTW Freiburg GmbH, Gold Standard Phantoms, Pure Imaging Phantoms, Kyoto Kagaku Co. Ltd., Dielectric Corporation, Modus Medical Devices Inc., Computerized Imaging Reference Systems, Inc., Carville Limited, Leeds Test Objects Ltd, Biodex Medical Systems, Inc., and other companies.

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the medical imaging phantoms.

=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.

=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.  

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.