Medical Physics Market Analysis

End-user (Hospitals, Ambulatory Surgical Centers, Diagnostic Imaging Centers, Academic & Research Institutes)

The global medical physics market is segmented and analyzed for demand and supply by the end user into hospitals, ambulatory surgical centers, diagnostic imaging centers, and academic & research institutes. Out of these segments, the hospital segment is anticipated to garner the largest market share by the end of 2037, owing to the increasing adoption of MRI and medical imaging and visualization system technologies in hospitals worldwide, as well as an increase in research activities related to medical physics. In particular, advances in digital radiography are likely to drive growth across all segments of the medical physics market during this period. As per recent data, there were around 6,000 hospitals in the United States in 2020.  Further, increasing government support through various policies along with rising investment in the hospital industry is expected to boost the growth of this segment in the coming years.

Modality {Diagnostics (Radiographic X-Ray Systems, Computed Tomography, Ultrasound, SPECT, PET), Therapeutics (LINAC, Brachytherapy)}

The global medical physics market is also segmented and analyzed for demand and supply by modality into two major segments – diagnostics and therapeutics. The segments themselves can be sub-segmented into many unique applications. Out of these segments, the diagnostics segment is anticipated to garner the largest market share by the end of the forecast period. This can be attributed to the fact that many people require X-rays, CT, PET, MRI, and other scans to effectively diagnose their medical conditions. For instance, it is calculated that around 4 billion medical diagnostic procedures such as ultrasounds and X-rays are conducted every year.

Our in-depth analysis of the global market includes the following segments: