UK 3D Imaging Market Analysis

UK 3D Imaging Market Analysis


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The UK 3D imaging market is projected to grow from $0.79 Bn in 2022 to $2.33 Bn by 2030, registering a CAGR of 14.5% during the forecast period of 2022-30. The market will be driven by technological advancements and government initiatives to promote the same. The market is segmented by product, application, end-user & by portability. Some of the major players include Philips Healthcare, GE Healthcare & Vision RT Ltd.

ID: IN10GBDH001 CATEGORY: Digital Health GEOGRAPHY: UK AUTHOR: Vidhi Upadhyay

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UK 3D Imaging Market Executive Summary

The UK 3D imaging market is projected to grow from $0.79 Bn in 2022 to $2.33 Bn by 2030, registering a CAGR of 14.5% during the forecast period of 2022-30. Healthcare spending in the UK as a share of GDP has raised by 10.15% in 2019 from 9.81% in 2017 as given by the World Health Organization Global Health Expenditure database and has expanded the spending nearly to 11.9% of GDP in 2021 which is much higher compared to the time before COVID -19 impacted the country’s economy. Coronary Heart Disease (CHD) is the most common cause of death (and premature death) in the UK with 7.6 million individuals living with heart and circulatory problems. Also, the number of people living with cancer was estimated to be 3 Mn and is expected to rise to 4 Mn by the year 2030.

3D imaging is used to diagnose and evaluate a wide range of medical diseases, including cancer, cardiovascular disease, and orthopedic complications. Some of the most frequent diagnostic imaging procedures in the UK are CT scans, MRIs, and PET scans. In the healthcare sector, 3D imaging is being used for diagnostic purposes, planning, and simulation, treatment guidance, image-guided surgeries & for research and training. In the UK, the demand for these services is expected to grow in the coming years. In January 2023, Bayer purchased Blackford Analysis Ltd. (Edinburgh, UK), a worldwide strategic imaging AI platform and solutions supplier. The purchase is part of Bayer's plan to promote radiology innovation, including the advancement and deployment of AI inside clinical workflows.

In May 2021, NHS England announced the implementation of HeartFlow, a 3D imaging technology, to detect and treat over 1,000 individuals with suspected heart disease. HeartFlow, a component of the NHS Long Term Plan, converts a standard CT scan of the heart into a 3D picture. It thus allows physicians to identify potentially fatal coronary heart disease in only 20 minutes. In February 2020, The UK government allocated $105 million to support 3D medical imaging equipment that could generate X-rays in under 40 seconds.

UK 3D imaging market analysis

Market Dynamics

Market Growth Drivers

In July 2022, Researchers from the UK innovated a low-cost device that could aid 3D pictures of eyes and is capable of transforming eye screening procedures across the globe. It is expected to eventually also be utilized to detect eye cancer. The high prevalence of CVD in the UK, as well as government-supported efforts to encourage breast screening, are driving market expansion. Technological advancements have increased the quality of pictures provided by high-resolution imaging technologies such as CT and MRI scanners. Moreover, the rising prevalence of chronic illnesses, as well as government assistance for the health industry, have fuelled demand for 3D imaging. Furthermore, the rising trend towards less invasive treatments, as well as enhanced information and awareness about the benefits of 3D imaging, are driving market expansion. These factors are projected to fuel expansion in the UK 3D imaging market in the coming years.

Market Restraints

One of the primary barriers to 3D imaging is its high cost, which includes the cost of imaging equipment as well as the cost of maintenance and training. The high expense of this technology may make it challenging for healthcare providers, especially small organizations, to embrace it. Concerns about privacy and security arise when sensitive patient information, such as medical photographs, is handled. Strict privacy and security safeguards must be in place. Inadequate security measures and privacy violations could have major implications, including loss of patient confidence and monetary loss. In the UK, compensation regulations for 3D imaging services can be difficult to navigate, and healthcare professionals may not be fairly compensated for the services they perform. This can limit the usage of 3D imaging, especially in circumstances when money is scarce.

Competitive Landscape

Key Players

  • Philips Healthcare
  • GE Healthcare
  • Siemens Healthineers
  • Hitachi Healthcare
  • Toshiba Medical Systems
  • Vision RT Ltd. (GBR)
  • Pure Medical Imaging (GBR)

Notable Deals

  1. November 2022, Philips enhanced AI-powered diagnostic technologies and transformational workflow solutions at RSNA 2022.
  2. In October 2022, Philips revealed two significant advancements in MR-only procedures for head and neck cancer radiation imaging and simulation.
  3. In September 2022, GE Healthcare’s deep-learning 3D imaging system received FDA-expanded approval. Also, it’s “AIR Recon DL” Received FDA Approval for 3D and Motion-Insensitive Imaging Applications for Superior Image Quality and Patient Experience in MRI

Healthcare Policies and Regulatory Landscape

In the UK, the use of 3D imaging is governed by numerous organizations, including the Medicines and Healthcare products Regulatory Agency (MHRA) and the National Institute for Health and Care Excellence (NICE). These organizations are in charge of establishing standards and recommendations for medical imaging equipment and services, including 3D imaging. The MHRA also regulates the marketing and distribution of medical devices in the UK. NICE assesses the clinical and economic efficacy of new and established healthcare technology and makes recommendations for their usage in the NHS.

Reimbursement Scenario

In the UK, the reimbursement for 3D imaging is initially determined by the National Institute for Health and Care Excellence (NICE). If NICE recommends a 3D imaging technique, it is then reimbursed by the NHS. The NHS is the UK's public healthcare system that serves the majority of the population, including 3D imaging operations. Private medical insurance often allows coverage for 3D imaging operations in the private healthcare sector. Individuals with private health insurance have the option of having their imaging procedures conducted in private hospitals or clinics, where they have access to a broader selection of services and facilities.

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

UK 3D Imaging Market Segmentation

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.

  • X-ray Imaging Systems
  • Computed Tomography (CT)
  • Magnetic Resonance Imaging (MRI)
  • Ultrasound
  • Nuclear Imaging systems

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.

  • Cardiology
  • Neurology
  • Orthopedics
  • Gynecology
  • Oncology
  • Others (Urology, etc.)

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.

  • Hospitals
  • Diagnostic Imaging Centers
  • Other End Users

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.

  • Stationary
  • Mobile

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

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The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
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Last updated on: 22 September 2023
Updated by: Riya Doshi

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