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The global brain cancer imaging market is expected to grow at a CAGR of over 5% during the forecast period
Brain cancer imaging industry growth is expected to accelerate over the next five years, driven by growing incidences of brain cancer across the globe. The Americas will drive around 45% of the growth of the brain cancer diagnosis industry, while EMEA and APAC are also predicted to contribute sizably to the incremental growth in the forecast period. The number of people diagnosed with brain cancer has increased significantly in the recent past and cancer is considered as one of the most leading causes of death worldwide. Brain cancer is one of the most important types of cancer and its rising prevalence is expected to drive the demand for treatment with radiotherapy for brain cancer. Technavio’s brain cancer imaging industry analysis reveals promising markets around the world.
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Brain cancer MRI systems are the leading brain cancer imaging product segment
The dominating product segment in the brain cancer imaging market was MRI systems in 2017 with a market share of 45% in 2017. Brain cancer MRI systems was followed by product segments of CT systems, PET scanners, and others segment. Also, the brain cancer MRI systems segment will continue to dominate the market during the forecast period while PET scanners will witness a faster growth than CT systems and others segment in the next five years. The global brain cancer imaging industry is experiencing significant advancements in technology such as 3D medical imaging equipment, which is likely to boost the growth of the market in the coming few years.
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Canon, GE Healthcare, and Hitachi are among the leading brain cancer imaging vendors
Most of the leading vendors in the brain cancer imaging market are moving hybrid imaging technologies and ensuring the availability of portable and easy-to-use brain cancer imaging devices. The global brain cancer imaging market is forecasted to remain reasonably concentrated with the presence of a few established brain cancer imaging vendors who offer equipment for brain cancer imaging and radiotherapy for brain cancer. Many international and regional vendors are vying for their share of the market, and players must differentiate themselves to gain vital traction over their peers.
This report offers a complete analysis of several companies, including:
- Canon
- GE Healthcare
- Hitachi
- Koninklijke Philips
- Samsung Electronics
- Siemens Healthineers
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