January 13, 2021
According to the research report titled ‘Global Urology Imaging Market Analysis, 2020‘, available with Market Study Report LLC, global urology imaging market is expected to experience a 3.90% growth rate during 2020-2025.
Rising prevalence of urological disorders, increasing geriatric population, and widespread adoption of unhealthy lifestyles are the major factors driving the global urology imaging market. Technological advancements have allowed for development of 3D and 4D portable imaging systems. In addition, high implementation of software and cloud-based solutions are contributing towards the market growth.
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Increasing number of hospitals and rising number of digital platforms is propelling the market growth during 2020-25. Also, mounting demand for accurate diagnosis of urological organs is positively impacting global urology imaging market dynamics.
In terms of product type, the global urology imaging industry is segmented into standalone ultrasound systems, ultrasound systems, portable ultrasound systems, and fluoroscopy-based systems. Among these, fluoroscopy imaging systems and portable ultrasound systems are witnessing high demand since the recent past, primarily due to increasing development of low-cost portable urology imaging systems.
Based on end-user spectrum, the global urology imaging market is segmented into clinics, diagnostic laboratories, hospitals and trauma centers. the hospital segment held highest market share in 2019 and is predicted to expand consistently throughout the forecast period. Hospitals usually consists of improved management facilities as well as essential infrastructure, thereby propelling the growth of the segment.
From the regional frame of reference, North America captured largest share in global urology imaging market in the year 2019 and is predicted to witness significant growth during 2020-25. Technological advancements, increasing geriatric population suffering from urological and kidney disorders and rising investments toward enhancements in healthcare infrastructure are complementing the business dynamics in North America. Whereas, Europe urology imaging industry is also likely to experience commendable growth in the ensuing years, owing to robust technological developments in this business sphere.
Major players influencing global urology imaging market trends are Hitachi Ltd., Samsung Medison Co. Ltd., Siemens Healthineers AG, Mindray Medical International Ltd., Analogic Corporation, GE Healthcare Systems, Toshiba Medical (Canon Medical Systems Corporation), Esaote S.p.A., Echo Control Medical SAS, and Fujifilm Holdings Corporation.