Medical Imaging Phantoms Market - Forecast(2024 - 2030)

Report Code: HCR 89235 Report Format: PDF + Excel

Medical Imaging Phantoms Market Report Overview

Medical Imaging Phantoms Market size in 2020 is estimated at $113.3 Million, growing at a CAGR of 2.3% during the forecast period 2021-2026. Medical imaging phantoms are objects used as stand-in for human tissues in the biomedical research community to ensure that human body imaging systems and methods operate correctly. Medical imaging phantoms are used as an alternative to human tissue. Medical imaging phantoms help to deliver more productive, qualitative and reliable results for medical imaging systems. However, increased use of magnetic resonance imaging (MRI) in radiotherapy has led to a growing need for phantoms that provide tissue-like contrast in both computed tomography (CT) and MRI images. The growing number of radiography tests is boosting the need for X-ray devices. For instance, according to the National Health Service (NHS), in January 2017, 1.9 million plain radiography tests were recorded in England. Moreover, the increasing number of diagnostic imaging facilities and the increasing need for in-house calibration techniques are factors driving the demand for innovative Medical Imaging Phantoms Market during the aforesaid period.

Report Coverage

The report: “Medical Imaging Phantoms Market – Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Medical Imaging Phantoms Market:
By Product: X-ray/Fluoroscopy Phantoms, CT Phantoms, Ultrasound Phantoms, Nuclear Imaging Phantoms, MRI phantoms, Others.
By End User: Hospitals, Academic & Research Institutes, Diagnostic & Reference Laboratories Medical Device Companies.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia and Others), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand and Others), South America (Brazil, Argentina and others), and Rest of the World (Middle East and Africa)

Key Takeaways

  • In 2020, North America dominated the Medical Imaging Phantoms Market owing to Increasing healthcare expenditure and installation of various medical imaging devices such as radiography, CT scanners and MRI devices in the region.
  • Increasing demand for quick and efficient diagnostic imaging processes is driving the market growth of Medical Imaging Phantoms Market.
  • Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the Medical Imaging Phantoms Market report.

Medical Imaging Phantoms Market Segment Analysis - By Product 

Based on the Product, Medical Imaging Phantoms Market is segmented into X-ray/Fluoroscopy Phantoms, CT Phantoms, Ultrasound Phantoms, Nuclear Imaging Phantoms, MRI phantoms, Others. The X-ray/Fluoroscopy Phantoms segment is estimated to dominate the market during the period 2021-2026. This is attributed to rising applications. However, X-ray phantoms have a wide range of applications in medical imaging, such as radiography, mammography, and angiography. Radiography uses ionizing radiation to generate a body image to evaluate and diagnose certain medical conditions. The Nuclear Imaging Phantoms segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 3.1% during the period 2021-2026. This is mainly owing to the development of detailed anatomical phantoms for their effective use in biomedical and bioengineering research.

Medical Imaging Phantoms Market Segment Analysis - By End User

Based on the End User, Medical Imaging Phantoms Market is segmented into Hospitals, Academic & Research Institutes, Diagnostic & Reference Laboratories Medical Device Companies. In 2020, Hospitals are estimated to hold the major share in the market. This is mainly owing to the increasing numbers of medical imaging procedures in hospitals, which are leading to the installation of effective and accurate medical devices. This, in turn, drives the need for medical imaging phantoms in hospitals. However, Medical Device Companies is projected to grow with a CAGR of 2.8% over the period 2021-2026. This is owing to the Increased medical training and research activities and t the high number of clinical and pre-clinical trials for various Medical Imaging Phantom modalities integrated with artificial intelligence.        

Medical Imaging Phantoms Market Segment Analysis - By Geography

North America dominated the Medical Imaging Phantoms Market share accounting for 36.9% of the market in 2020. This is mainly owing to increasing healthcare expenditure and installation of various medical imaging devices such as Radiography, CT scanners, and MRI devices, Positron emission tomography (PET) in the region. However, the Asia-Pacific region is projected to be the fastest-growing over the period 2021-2026. This is mainly owing to the increasing prevalence of lifestyle-related disorders such as cardiac failure and increasing demand for advanced diagnostic products such as Radiography, Magnetic resonance imaging (MRI), Positron emission tomography (PET) and rising medical tourism in developing economies of the region are boosting the market in the Asia Pacific region.


Medical Imaging Phantoms Market Drivers

Increasing Cases of Chronic Disease

The increasing burden of lifestyle-associated disorders such as heart failure, chronic kidney disease, and chronic obstructive pulmonary disease (COPD) and the increasing demand for accurate calibration techniques for effective medical imaging phantom use. Moreover, these chronic diseases need to be properly monitored and diagnosed to avoid future complications. According to data from the World Health Organization, chronic disease is the leading cause of premature death worldwide. Increasing demand for accurate calibration techniques for effective diagnostic procedures for Radiography and other chronic diseases medical imaging phantoms are the key factors expected to drive the growth of the Medical Imaging Phantoms Market.

Increasing Investment in R&D activities

Rising demand for accurate calibration techniques for effective diagnostic medical imaging phantoms procedures and the Increased use and widespread use of imaging devices such as X-rays, CT scanners, by using Radiography, Magnetic resonance imaging (MRI), Positron emission tomography (PET) techniques, etc. Moreover, the need for advanced and enhanced medical imaging phantoms that deliver better and consistent results has become a priority in the healthcare industry. Besides, The Growing research & development (R&D) activities in imaging technologies globally and especially in the developing region is widening their use across numerous healthcare facilities. These are the key factors that propelling the growth of the medical imaging phantoms market.

Medical Imaging Phantoms Market Challenges

The basic challenge in the preparation of radioactive liquid resin monomers for 3D printing is the transfer of the radionuclide species from aqueous solutions into the hydrophobic liquid resin monomers. here are the inherent challenges associated with the printing of radioactive materials for radiography, such as contamination of printer parts, tools, washing solutions, and potential leakage and spills, which are in particular problematic when utilizing radionuclides with long half-lives. However, there are currently no established methods for incorporating radionuclides into the liquid resin monomers used for 3D printing in Medical Imaging Phantoms.

Medical Imaging Phantoms Market Industry Outlook

Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Medical Imaging Phantoms Market. Medical Imaging Phantoms Market top 10 companies are Biodex Medical Systems, Inc, Carville Limited, Computerized Imaging Reference Systems Inc, Dielectric Corporation, Gold Standard Phantoms, Kyoto Kagaku Co. Ltd, Modus Medical Devices Inc, Pure Imaging Phantoms, Leeds Test Objects Ltd, PhantomX, and among others.

Medical Imaging Phantoms Market Developments:

  • In September 2020, Mirion Technologies, Inc has acquired Biodex Medical Systems, Inc. Biodex is a leading provider of nuclear medicine tools, medical imaging equipment, and rehabilitation systems to clients in the medical industry. Biodex's product portfolio complements Mirion's existing portfolio and will allow Mirion to expand its footprint in the medical field.
  • In August 2019, Computerized Imaging Reference Systems Inc (CIRS) has Launched Ultrasound Quality Assurance Software for medical imaging phantoms. Portal helps CIRS general-purpose ultrasound phantom users manage their ultrasound testing program with an easy-to-use, cloud-based application.

Relevant Reports:

Report Code: HCR 0037
Report Code: HCR 0248


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1. Medical Imaging Phantoms Market Overview
    1.1Definitions and Scope
2. Medical Imaging Phantoms Market Executive Summary
    2.1Market Revenue, Market Size and Key Trends
    2.2Key trends by Product Type
    2.3Key trends By End User Type
    2.4Key trends By Geography
3. Medical Imaging Phantoms Market Landscape
    3.1Market Share Analysis- Key Companies
    3.2Product Benchmarking- Key Companies
    3.3Financial Analysis - Key Companies
    3.4Patent Analysis
    3.5Pricing Analysis
4. Medical Imaging Phantoms Market - Startup companies Scenario Premium Premium
    4.1 Key startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Application Analysis
        4.1.4 Venture Capital and Funding Scenario
5. Medical Imaging Phantoms Market - Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. Medical Imaging Phantoms Market Forces
    6.1 Market Drivers
    6.2 Market Constraints and Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes
7. Medical Imaging Phantoms Market Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Medical Imaging Phantoms Market – By Product Type (Market Size -$Million/$Billion)
    8.1 X-ray/Fluoroscopy Phantoms
    8.2 CT Phantoms
    8.3 Ultrasound Phantoms
    8.4 Nuclear Imaging Phantoms
    8.5 MRI phantoms
    8.6 Others
9. Medical Imaging Phantoms Market – By End User Type (Market Size -$Million/$Billion)
    9.1 Hospitals
    9.2 Academic & Research Institutes
    9.3 Diagnostic & Reference Laboratories
    9.4 Medical Device Companies
10. Medical Imaging Phantoms Market - By Geography (Market Size -$Million/$Billion)
    10.1 North America
        10.1.1 U.S
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 U. K
        10.2.2 Germany
        10.2.3 France
        10.2.5 Spain
        10.2.6 Italy
        10.2.7 Russia
        10.2.8 Rest of Europe
    10.3 Asia Pacific
        10.3.1 India
        10.3.2 China
        10.3.3 Japan
        10.3.4 Australia and New Zealand
        10.3.5 South Korea
        10.3.6 Rest of Asia pacific
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
        10.5.2 South America
        10.5.3 Africa
11. Medical Imaging Phantoms Market Entropy
12. Medical Imaging Phantoms Market - Industry / Segment Competition landscape Premium Premium
    12.1 Market Share Analysis
        12.1.1 Market Share by Country- Key companies
        12.1.2 Market Share by Region- Key companies
        12.1.3 Market Share at Global Level- Key companies
        12.1.4 Best Practices for Companies
13. Medical Imaging Phantoms Market - Key Company List by Country Premium Premium
14. Medical Imaging Phantoms Market Company Analysis (Company Revenue, Products, M&A, Developments)
   14.1 Biodex Medical Systems, Inc.
   14.2 Carville Limited
   14.3 Computerized Imaging Reference Systems, Inc.
   14.4 Dielectric Corporation
   14.5 Gold Standard Phantoms
   14.6 Kyoto Kagaku Co. Ltd
   14.7 Modus Medical Devices Inc.
   14.8 Pure Imaging Phantoms
   14.9 Leeds Test Objects Ltd
   14.10 PhantomX
 "*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Competitive Landscape Market 2023-2030 ($M)
1.1 Company/Competition Categorization Market 2023-2030 ($M) - Global Industry Research
1.1.1 Innovators Market 2023-2030 ($M)
1.1.2 List of key distributors and channel partners Market 2023-2030 ($M)
1.1.3 Key customers Market 2023-2030 ($M)
1.1.4 Key company market share analysis, Market 2023-2030 ($M)
1.1.5 Biodex Medical Systems, Inc. Market 2023-2030 ($M)
1.1.6 Carville Limited Market 2023-2030 ($M)
1.1.7 Computerized Imaging Reference Systems, Inc. Market 2023-2030 ($M)
1.1.8 Dielectric Corporation Market 2023-2030 ($M)
1.1.9 Gold Standard Phantoms Market 2023-2030 ($M)
1.1.10 Kyoto Kagaku Co. Ltd Market 2023-2030 ($M)
1.1.11 Leeds Test Objects Ltd Market 2023-2030 ($M)
1.1.12 Modus Medical Devices Inc. Market 2023-2030 ($M)
1.1.13 PhantomX Market 2023-2030 ($M)
1.1.14 Pure Imaging Phantoms Market 2023-2030 ($M)
2.Global Competitive Landscape Market 2023-2030 (Volume/Units)
2.1 Company/Competition Categorization Market 2023-2030 (Volume/Units) - Global Industry Research
2.1.1 Innovators Market 2023-2030 (Volume/Units)
2.1.2 List of key distributors and channel partners Market 2023-2030 (Volume/Units)
2.1.3 Key customers Market 2023-2030 (Volume/Units)
2.1.4 Key company market share analysis, Market 2023-2030 (Volume/Units)
2.1.5 Biodex Medical Systems, Inc. Market 2023-2030 (Volume/Units)
2.1.6 Carville Limited Market 2023-2030 (Volume/Units)
2.1.7 Computerized Imaging Reference Systems, Inc. Market 2023-2030 (Volume/Units)
2.1.8 Dielectric Corporation Market 2023-2030 (Volume/Units)
2.1.9 Gold Standard Phantoms Market 2023-2030 (Volume/Units)
2.1.10 Kyoto Kagaku Co. Ltd Market 2023-2030 (Volume/Units)
2.1.11 Leeds Test Objects Ltd Market 2023-2030 (Volume/Units)
2.1.12 Modus Medical Devices Inc. Market 2023-2030 (Volume/Units)
2.1.13 PhantomX Market 2023-2030 (Volume/Units)
2.1.14 Pure Imaging Phantoms Market 2023-2030 (Volume/Units)
3.North America Competitive Landscape Market 2023-2030 ($M)
3.1 Company/Competition Categorization Market 2023-2030 ($M) - Regional Industry Research
3.1.1 Innovators Market 2023-2030 ($M)
3.1.2 List of key distributors and channel partners Market 2023-2030 ($M)
3.1.3 Key customers Market 2023-2030 ($M)
3.1.4 Key company market share analysis, Market 2023-2030 ($M)
3.1.5 Biodex Medical Systems, Inc. Market 2023-2030 ($M)
3.1.6 Carville Limited Market 2023-2030 ($M)
3.1.7 Computerized Imaging Reference Systems, Inc. Market 2023-2030 ($M)
3.1.8 Dielectric Corporation Market 2023-2030 ($M)
3.1.9 Gold Standard Phantoms Market 2023-2030 ($M)
3.1.10 Kyoto Kagaku Co. Ltd Market 2023-2030 ($M)
3.1.11 Leeds Test Objects Ltd Market 2023-2030 ($M)
3.1.12 Modus Medical Devices Inc. Market 2023-2030 ($M)
3.1.13 PhantomX Market 2023-2030 ($M)
3.1.14 Pure Imaging Phantoms Market 2023-2030 ($M)
4.South America Competitive Landscape Market 2023-2030 ($M)
4.1 Company/Competition Categorization Market 2023-2030 ($M) - Regional Industry Research
4.1.1 Innovators Market 2023-2030 ($M)
4.1.2 List of key distributors and channel partners Market 2023-2030 ($M)
4.1.3 Key customers Market 2023-2030 ($M)
4.1.4 Key company market share analysis, Market 2023-2030 ($M)
4.1.5 Biodex Medical Systems, Inc. Market 2023-2030 ($M)
4.1.6 Carville Limited Market 2023-2030 ($M)
4.1.7 Computerized Imaging Reference Systems, Inc. Market 2023-2030 ($M)
4.1.8 Dielectric Corporation Market 2023-2030 ($M)
4.1.9 Gold Standard Phantoms Market 2023-2030 ($M)
4.1.10 Kyoto Kagaku Co. Ltd Market 2023-2030 ($M)
4.1.11 Leeds Test Objects Ltd Market 2023-2030 ($M)
4.1.12 Modus Medical Devices Inc. Market 2023-2030 ($M)
4.1.13 PhantomX Market 2023-2030 ($M)
4.1.14 Pure Imaging Phantoms Market 2023-2030 ($M)
5.Europe Competitive Landscape Market 2023-2030 ($M)
5.1 Company/Competition Categorization Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Innovators Market 2023-2030 ($M)
5.1.2 List of key distributors and channel partners Market 2023-2030 ($M)
5.1.3 Key customers Market 2023-2030 ($M)
5.1.4 Key company market share analysis, Market 2023-2030 ($M)
5.1.5 Biodex Medical Systems, Inc. Market 2023-2030 ($M)
5.1.6 Carville Limited Market 2023-2030 ($M)
5.1.7 Computerized Imaging Reference Systems, Inc. Market 2023-2030 ($M)
5.1.8 Dielectric Corporation Market 2023-2030 ($M)
5.1.9 Gold Standard Phantoms Market 2023-2030 ($M)
5.1.10 Kyoto Kagaku Co. Ltd Market 2023-2030 ($M)
5.1.11 Leeds Test Objects Ltd Market 2023-2030 ($M)
5.1.12 Modus Medical Devices Inc. Market 2023-2030 ($M)
5.1.13 PhantomX Market 2023-2030 ($M)
5.1.14 Pure Imaging Phantoms Market 2023-2030 ($M)
6.APAC Competitive Landscape Market 2023-2030 ($M)
6.1 Company/Competition Categorization Market 2023-2030 ($M) - Regional Industry Research
6.1.1 Innovators Market 2023-2030 ($M)
6.1.2 List of key distributors and channel partners Market 2023-2030 ($M)
6.1.3 Key customers Market 2023-2030 ($M)
6.1.4 Key company market share analysis, Market 2023-2030 ($M)
6.1.5 Biodex Medical Systems, Inc. Market 2023-2030 ($M)
6.1.6 Carville Limited Market 2023-2030 ($M)
6.1.7 Computerized Imaging Reference Systems, Inc. Market 2023-2030 ($M)
6.1.8 Dielectric Corporation Market 2023-2030 ($M)
6.1.9 Gold Standard Phantoms Market 2023-2030 ($M)
6.1.10 Kyoto Kagaku Co. Ltd Market 2023-2030 ($M)
6.1.11 Leeds Test Objects Ltd Market 2023-2030 ($M)
6.1.12 Modus Medical Devices Inc. Market 2023-2030 ($M)
6.1.13 PhantomX Market 2023-2030 ($M)
6.1.14 Pure Imaging Phantoms Market 2023-2030 ($M)
7.MENA Competitive Landscape Market 2023-2030 ($M)
7.1 Company/Competition Categorization Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Innovators Market 2023-2030 ($M)
7.1.2 List of key distributors and channel partners Market 2023-2030 ($M)
7.1.3 Key customers Market 2023-2030 ($M)
7.1.4 Key company market share analysis, Market 2023-2030 ($M)
7.1.5 Biodex Medical Systems, Inc. Market 2023-2030 ($M)
7.1.6 Carville Limited Market 2023-2030 ($M)
7.1.7 Computerized Imaging Reference Systems, Inc. Market 2023-2030 ($M)
7.1.8 Dielectric Corporation Market 2023-2030 ($M)
7.1.9 Gold Standard Phantoms Market 2023-2030 ($M)
7.1.10 Kyoto Kagaku Co. Ltd Market 2023-2030 ($M)
7.1.11 Leeds Test Objects Ltd Market 2023-2030 ($M)
7.1.12 Modus Medical Devices Inc. Market 2023-2030 ($M)
7.1.13 PhantomX Market 2023-2030 ($M)
7.1.14 Pure Imaging Phantoms Market 2023-2030 ($M)

LIST OF FIGURES

1.US Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
2.Canada Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
3.Mexico Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
4.Brazil Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
5.Argentina Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
6.Peru Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
7.Colombia Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
8.Chile Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
9.Rest of South America Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
10.UK Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
11.Germany Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
12.France Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
13.Italy Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
14.Spain Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
15.Rest of Europe Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
16.China Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
17.India Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
18.Japan Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
19.South Korea Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
20.South Africa Medical Imaging Phantoms Market Revenue, 2023-2030 ($M)
21.North America Medical Imaging Phantoms By Application
22.South America Medical Imaging Phantoms By Application
23.Europe Medical Imaging Phantoms By Application
24.APAC Medical Imaging Phantoms By Application
25.MENA Medical Imaging Phantoms By Application