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Urology Imaging Systems Market Poised for Steady Growth, Reaching US$ 486.4 Million by 2028 | FMI

In 2022, sales in the global Urology Imaging Systems Market are anticipated to reach US$ 391.6 Million. By 2028, the market size is expected to reach US$ 486.4 Million, growing at a healthy 3.7% CAGR.

Sales in the global Urology Imaging Systems Market are slated to top US$ 391.6 Million in 2022. Expanding at a healthy 3.7% CAGR, the market size is projected to total US$ 486.4 Million by 2028. According to the latest research by the FMI, the global urology imaging systems market is expected to account for over US$ 486.4 Million, in terms of value, by 2028 end.

The report on the Urology Imaging Systems Market further projects substantial growth potential with CAGR of 3.7% over 2022-2028. While hospitals will continue to register the highest revenue share in terms of urology imaging systems adoption, the report highlights limited investment opportunities for manufacturers of urology imaging systems, within clinics.

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Favorable Reimbursement Scenario, Supported by Increasing Number of Diagnostic Establishments Driving Market Growth

In the recent years, the number of independent diagnostics and imaging centers in various developed and developing regions has seen a significant spike, overcoming a series of volume and reimbursement pressures in an effort to sustain profitability and achieve better margins. This according to the report is expected to drive the growth of the Urology Imaging Systems market.

Many insurance companies have adopted effective marketing strategies to shift the patient volume to low-cost independent diagnostic centers and reduce the price point associated with urology imaging systems. Independent diagnostic imaging centers offer better service and often of superior quality, generally at the expense of local hospitals and weak operators. The development of low cost portable urology imaging systems is providing leverage to current imagining centers and subsequently driving the growth of Urology Imaging Systems market.

The report tracks strategic developments of some of the prominent players competing in the global urology imaging systems market, including GE Healthcare, Toshiba Medical, Philips Healthcare, Hitachi-Aloka Medical, Siemens Healthineers, Samsung Medison, Mindray, Fujifilm Sonosite, Esaote, and Analogic. The report also provides key aspects and trends in the Urology Imaging Systems market, including reimbursement scenario, average selling price, and country-wise revenue analysis.

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Key Players:

  • Philips Healthcare
  • GE Healthcare
  • Siemens Healthcare
  • Analogic Corporation
  • Esaote S.p.A.
  • Samsung Medison Co. Ltd.
  • FUJIFILM Holdings Corporation
  • Hitachi Medical Corporation
  • Toshiba Corporation
  • Mindray Medical International Limited

Urology Imaging Systems Market by Category

By Product Type:

  • Ultrasound Systems
  • Fluoroscopy-based Systems

By End User:

  • Hospitals
  • Ambulatory Surgical Centers
  • Diagnosis Centers
  • Clinics

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Last Updated: 07-Sep-2023