The global medical imaging phantoms market size is anticipated to reach USD 199.8 million by 2026 registering a CAGR of 5.1%, according to a new report by Grand View Research, Inc. Rising cases of lifestyle associated disorders, such as cardiac failure, Chronic Obstructive Pulmonary Disease (COPD), and Chronic Kidney Disease (CKD), are driving the market. The demand for imaging systems is on steep rise in U.S. on account of the availability of advanced systems, which help in early diagnosis. Moreover, the country is speedily adopting advanced products with introduction of favorable reimbursement policies, which is also contributing to the market development.
Furthermore, advantages offered by these imaging phantoms help in exploring new potential applications of diagnostic imaging modalities. Increasing number of clinical trials, strict regulations for calibration of imaging systems, and development of advanced phantoms, which represent actual tissue response, are some of the important factors driving the market. High demand for advanced medical services in developing countries, such as China, India, and Latin America, is also expected to boost the demand for advanced imaging systems. This is expected to have a positive impact on the overall market growth.
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Grand View Research has segmented the global medical imaging phantoms market on the basis of device type, end use, material, and region:
Medical Imaging Phantoms Device Type Outlook (Revenue, USD Million, 2015 – 2026)
Medical Imaging Phantoms End Use Outlook (Revenue, USD Million, 2015 – 2026)
Medical Imaging Phantoms Material Outlook (Revenue, USD Million, 2015 – 2026)
Medical Imaging Phantoms Regional Outlook (Revenue, USD Million, 2015 – 2026)
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Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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