Radiology Devices Market Segmentation:
Product Segment Analysis
MRI system is the dominant sector, which is anticipated to achieve a market share of 34% by 2037. The growing aging population is one of the prominent driving factors that has raised the demand for MRI imaging. For instance, the report published by the Ministry of Health, Labor, and Welfare of Japan specified that 35% of the population is anticipated to be over sixty-five years, and the requirement for advanced imaging is expected to be high. Government support and collaborative schemes provided a wide scope for the market to expand. As per the reporting of the Ministry of Economy, Trade and Industry of Japan, approximately ¥10 billion in subsidies is allocated to develop compact MRI units within regional areas to enhance accessibility for stakeholders within the concerned market.
Technology Segment Analysis
AI-enabled imaging is expected to secure a market share of 30% by 2037. Advances in technology are one of the positive factors that have led to higher adoption of AI-enabled imaging within the global market. According to the report of the Pharmaceuticals and Medical Devices Agency of Japan, more than 16 new AI radiology tools have been introduced in the market, which have benefited healthcare by reducing diagnosis time by 45%. Government spending on advancement has created a better scope for research and development to elevate the market performance of AI-assisted imaging.
Our in-depth analysis of the global market includes the following segments:
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