In 2022, sales in the global Urology Imaging Systems Market are anticipated to reach US$ 391.6 Mn. By 2028, the market size is expected to reach US$ 486.4 Mn, growing at a robust 3.7% CAGR. The global urological imaging systems market is anticipated to reach a value of over US$ 486.4 Mn by the end of 2028, according to the most recent study by the FMI.
The market study for urology imaging systems forecasts further significant growth potential with a CAGR of 3.7% from 2022 to 2028. The paper underlines the limited investment potential for urological imaging system makers within clinics, even though hospitals will continue to have the biggest revenue share in terms of urology imaging system adoption.
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Favorable Reimbursement Scenario, Supported by Increasing Number of Diagnostic Establishments Driving Market Growth
In the recent years, the number of independent diagnostics and imaging centers in various developed and developing regions has seen a significant spike, overcoming a series of volume and reimbursement pressures in an effort to sustain profitability and achieve better margins. This according to the report is expected to drive the growth of the Urology Imaging Systems market.
Many insurance companies have adopted effective marketing strategies to shift the patient volume to low-cost independent diagnostic centers and reduce the price point associated with urology imaging systems. Independent diagnostic imaging centers offer better service and often of superior quality, generally at the expense of local hospitals and weak operators. The development of low cost portable urology imaging systems is providing leverage to current imagining centers and subsequently driving the growth of Urology Imaging Systems market.
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The report tracks strategic developments of some of the prominent players competing in the global urology imaging systems market, including GE Healthcare, Toshiba Medical, Philips Healthcare, Hitachi-Aloka Medical, Siemens Healthineers, Samsung Medison, Mindray, Fujifilm Sonosite, Esaote, and Analogic. The report also provides key aspects and trends in the Urology Imaging Systems market, including reimbursement scenario, average selling price, and country-wise revenue analysis.
Key Players:
- Philips Healthcare
- GE Healthcare
- Siemens Healthcare
- Analogic Corporation
- Esaote S.p.A.
- Samsung Medison Co. Ltd.
- FUJIFILM Holdings Corporation
- Hitachi Medical Corporation
- Toshiba Corporation
- Mindray Medical International Limited
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Urology Imaging Systems Market by Category
By Product Type:
- Ultrasound Systems
- Fluoroscopy-based Systems
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Diagnosis Centers
- Clinics
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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