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Report Overview

The medical imaging phantom market attained a value of USD 152.28 Million in 2023. The market is further expected to grow at a CAGR of 6.00% during the forecast period of 2024-2032 to attain a value of USD 257.27 Million by 2032, likely to be driven by the rising awareness regarding diagnosis to detect disorders.

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

Compound Annual Growth Rate

Value in USD Million

6%

2024-2032


Medical Imaging Phantoms Market Outlook

*this image is indicative*

Medical Imaging Phantoms Market Report

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The medical imaging phantoms industry is being driven by the increasing demand for minimally invasive surgical procedures and the rising awareness regarding diagnosis to detect disorders. The demand for X-ray phantoms is on the increase in spine-associated issues owing to growing X-ray applications.

Market Segmentation

Imaging phantom, or usually phantom, is a specially constructed object that is used as stand-ins for human tissues to evaluate and further ensure that imaging systems operate correctly. The global medical imaging phantoms market can be divided based on segments like device type and end-use.

The medical imaging phantoms market can be divided based on its device-type into:

  • X-ray
  • Ultrasound
  • CT
  • MRI
  • Nuclear Imaging
  • Others

The medical imaging phantoms market can be broadly categorised based on its end-use into:

  • Hospitals
  • Academic and Research Institutes
  • Diagnostic and Reference Laboratories
  • Medical Device Companies
  • Others

Looks into, The regional medical imaging phantom markets like:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Medical Imaging Phantoms Market By Segments

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Market Analysis

The growing incidences of lifestyle-related diseases, such as chronic obstructive pulmonary disease (COPD), heart failure, and chronic kidney disease (CKD), and the rising demand for early diagnostic techniques are some of the main drivers for the global medical imaging phantoms market growth. The growing numbers of diagnostic imaging equipment, rising medical expenses, and the introduction of technologically advanced products are anticipated to boost the development of the industry. It is also anticipated that increased demand for minimally invasive surgical procedures will increase the demand for sophisticated imaging phantoms that can be used to test intraoperative imaging technologies.

The technology of magnetic resonance imaging detects different problems, including nausea and headache. The increasing demand for safer imaging methods in preclinical and clinical research is anticipated to increase the use of innovative phantoms in medical imaging, thus, aiding the growth of the global medical imaging phantoms industry over the forecast period. Fluoroscopy phantoms give pictures of high quality, resulting in its increased acceptance among the consumers and influencing the growth of the market. It is anticipated that the growing incidence of illnesses such as heart failure, multiple kinds of cancer, and chronic illnesses will play a significant role in driving market growth. Advanced medical phantoms enhance early detection capacities in imaging systems, thus, driving the market growth further.

Medical Imaging Phantoms Market By Region

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Competitive Landscape

The report presents a detailed analysis of the following key players in the global medical imaging phantoms market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Biodex Medical Systems, Inc.
  • Computerized Imaging Reference Systems, Inc.
  • Kyoto Kagaku Co., Ltd.
  • Modus Medical Devices Inc.
  • Pure Imaging Phantoms

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global medical imaging phantoms market reached a value of USD 152.28 Million in 2023.

The market is further expected to grow at a CAGR of 6.00% during the forecast period of 2024-2032 to attain a value of USD 257.27 Million by 2032.

The major drivers of the industry include the rising disposable incomes, increasing population, rising incidences of lifestyle-related diseases, such as chronic obstructive pulmonary disease (COPD), heart failure, and chronic kidney disease (CKD), and the rising demand for early diagnostic techniques.

The rising demand for safer imaging methods in preclinical and clinical research is expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

The leading device types available in the industry are X-ray/fluoroscopy phantoms, ultrasound phantoms, CT phantoms, MRI phantoms, and nuclear imaging phantoms, among others.

The significant end use sectors in the market are hospitals, academic and research institutes, diagnostic and reference laboratories, and medical device companies.

The leading players in the market are Biodex Medical Systems, Inc., Computerized Imaging Reference Systems, Inc., Kyoto Kagaku Co., Ltd., Modus Medical Devices Inc., and Pure Imaging Phantoms.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • End User
  • Region
Breakup by Type
  • X-ray
  • Ultrasound
  • CT
  • MRI
  • Nuclear Imaging
  • Others
Breakup by End User
  • Hospitals
  • Academic and Research Institutes
  • Diagnostic and Reference Laboratories
  • Medical Device Companies
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Biodex, Inc.
  • Carville Limited
  • Computerized Imaging Reference Systems, Inc.
  • Dielectric Manufacturing
  • Gold Standard Phantoms
  • Kyoto Kagaku Co., Ltd.
  • Modus Medical Devices Inc.
  • Leeds Test Objects
  • PhantomX
  • Pure Imaging Phantoms
  • PTW Freiburg GmbH
  • The Phantom Laboratory
  • Frank Shield
  • Fluke
  • Newmatic Medica
  • Image Owl
  • Imaging Solutions Pty Ltd.
  • Cone Instruments
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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124