China's 3D imaging market is projected to grow from $ 2.44 Bn in 2022 to $ 9.18 Bn by 2030, registering a CAGR of 18% during the forecast period of 2022-30. The market will be driven by rising healthcare spending and rising chronic illness rates, driving up demand for better medical imaging technologies. The market is segmented by product, application, end-user, and portability. Some of the major players include Canon Medical Systems Corporation, GE Healthcare, Mindray Medical International Limited & Fussen Technology.
China's 3D imaging market is projected to grow from $ 2.44 Bn in 2022 to $ 9.18 Bn by 2030, registering a CAGR of 18% during the forecast period of 2022-30. China's healthcare industry has been growing rapidly in recent years, driven by factors such as an aging population and increased government spending. Health expenditure (% of GDP) of China was predicted to decrease dramatically from 8.1 percent in 2021 to 2.8% in 2022 due to the widespread outbreak of Omicron and then raise back to 4.3% in 2023 according to the World Health Organization (WHO) Global Health Expenditure database. The four biggest causes of morbidity and death in China, according to the Global Burden of Disease Study (GBD), are ischemic heart disease, stroke, chronic obstructive pulmonary disease, and lung cancer making it a large market space for the 3D Imaging market to aid better diagnostics and treatments for patients.
3D imaging creates a three-dimensional depiction of a patient's interior anatomy, which provides precise anatomical information and can help with the diagnosis and monitoring of a variety of medical conditions. Computed Tomography (CT) scans, Magnetic Resonance Imaging (MRI) scans, X-ray Imaging Systems, 3D ultrasound, and Nuclear Imaging system is useful in a range of medical disciplines such as cardiology, neurology, cancer, gynecology, and orthopedics. In China, 3D imaging is becoming increasingly essential, with a developing market for 3D imaging equipment, software, and services.
Market Growth Drivers
Several reasons are driving the 3D imaging market in China, including the expanding healthcare industry, rising healthcare spending, and technological advancements. China's rapidly aging population and rising chronic illness rates are driving up demand for better medical imaging technologies. As the Chinese economy expands, the government is increasing its investments in healthcare, including the development and application of 3D imaging technologies. China is also a technological and innovation frontrunner, with numerous local firms producing cutting-edge 3D imaging technologies. These elements are combined to drive the growth of China's 3D imaging industry.
Market Restraints
Recurrent COVID-19 breakouts, the likelihood of further mobility restrictions, and precautionary conduct to halt the virus's transmission caused economic activity to be disrupted for a longer period of time than predicted this may affect the market in the form of regulatory hurdles, high costs, and a shortage of trained healthcare professionals. 3D imaging technology regulation in China is complicated, and certain modern 3D imaging methods may face regulatory restrictions or require extra certifications and permissions. Furthermore, 3D imaging solutions may be costly, and not all patients may be able to afford these operations.
Key Players
The Chinese government and multiple regulatory authorities, especially the National Medical Products Administration (NMPA) and the China Food and Drug Administration (CFDA), determine the legislation and guidelines for 3D imaging in China. These organizations are in charge of overseeing the design, manufacture, and usage of 3D imaging equipment, including 3D imaging systems. All medical products, including 3D imaging systems, must be authorized by the NMPA or the CFDA before they may be marketed and sold in China. This procedure entails a thorough examination of the device's safety and efficacy, as well as an examination of its production and quality control systems.
In China, there are 2 types of public health insurance schemes:
The coverage of 3D imaging solutions varies based on the type of scan and the insurance program. Usually, the reimbursement only covers a percentage of the overall cost of the examination, with patients paying for the remainder out of pocket. To make 3D imaging services more accessible to patients, the government is working to improve reimbursement processes and increase the amount covered by the NHSA.
1. Executive Summary
1.1 Digital Health Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Digital Health Policy in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Product (Revenue, USD Billion):
The 3D Imaging Market is divided majorly into X-ray Imaging Systems, Computed Tomography (CT), Magnetic Resonance Imaging (MRI), Ultrasound & Nuclear Imaging Systems. X-ray Imaging systems have the highest market share in the 3D Imaging market. 3D X- rays are mostly utilized for dental and orthopedic applications. 3D Ultrasound is majorly helpful in tracking the dynamic motion of arteries, and veins and also has applications for various fetal, cardiac, obstetric, and rectal examinations, and many more. The ultrasound segment is predicted to develop substantially over the forecast period, primarily to the advancements in technology in the healthcare industry and the several advantages given by 3D ultrasound imaging over standard ultrasound imaging.
By Application (Revenue, USD Billion):
The market for 3D Imaging has applications covering Cardiology, Neurology, Orthopaedics, Gynaecology, Oncology, and other areas of diagnostics as well. Cardiovascular diseases are the leading cause of death globally. The second biggest cause is cancers because of which Oncology holds the highest market share in the 3D Imaging market followed by cardiology as 3D imaging is highly utilized in these two segments for diagnostics and treatments of the same. Neurosurgeons desire three-dimensional (3D) imagery of intracranial tumors, neural structures, skulls, and veins to establish a clear visual image of the surgical field's anatomical orientation prior to surgical intervention aiding better surgical outcomes for patients. Obstetricians employ 3D ultrasound scans to see the gestational sac, pinpoint the location of an ectopic pregnancy, and evaluate for fetal deformities of the face, spine, limbs, and heart. 3D Imaging applications for gynecology are yet in evolving stage and have a great scope for expansion allowing feasible and quick patient care.
By End User (Revenue, USD Billion):
Hospitals, Diagnostic Imaging Centers, and other end-user such as private clinics make up the segments of the 3D Imaging Market. The hospitals among these hold the biggest market share due to the increased uptake of cutting-edge medical technology, the expansion of existing 3D Imaging facilities, the rising affordability of 3D Imaging services, the rising prevalence of chronic conditions such as cardiovascular diseases, cancers, respiratory diseases which lead to rising in demand for precise and quick diagnostic and treatment options. Diagnostic Imaging Centers have also been deploying 3D Imaging equipment to improve their standard of care.
By Portability (Revenue, USD Billion):
The 3D Imaging market is divided into two segments Stationary & Mobile, considering the portability of the device. Stationary 3D imaging involves equipment that is installed at a particular location and is operated from the same location of installment whereas mobile ones can be relatively smaller in size and hence moved to the patients who are unable to locate the Imaging room. Mobile MRI, Ultrasound, X–ray & CT allow cutting-edge healthcare to be delivered to nearly any location and are yet in the developing stages of expansion.
Methodology for Database Creation
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1. Secondary Research
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2. Primary Research
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Combining Secondary and Primary Research
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