Medical Physics Market Analysis, Statistics By Top Manufacturers 2023 to 2035
Research Nester assesses the growth and market size of global medical physics which is anticipated to be on account of the growing number of diseases across the world and the increasing research and development activities in the healthcare sector for introducing new treatment processes.
Research Nester’s recent market research analysis on “Medical Physics Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of global medical physics in terms of market segmentation by modality, service, end user, and by region.
Growing Concern for the Prevalence of Chronic Diseases to Promote Global Market Share of Medical Physics
The rising number of chronic diseases among the global population is considered to be the major market expansion in the forecast period. In 2019, approximately 1,752,735 new cancer cases were diagnosed and approximately 599,589 citizens died of cancer in the United States, according to data from the Centers for Disease Control and Disease Prevention. Moreover, the adoption of telemedicine in the healthcare industry is also anticipated to contribute to the growth of the global medical physics market in the coming years. The shift in focus on developing new medical procedures for curing rare diseases is also estimated to create positive scenarios for market expansion in the assessment period.
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Some of the major growth factors and challenges that are associated with the growth of global medical physics are:
Growth Drivers:
• Rising Growth of the Medical Tourism Industry
• Rising Number of Medical Physicists Globally
Challenges:
The rising concern owing to the dearth of skilled professionals along with the absence of developed healthcare infrastructure and continuous technical challenges are some of the major factors anticipated to hamper the global market size of drug delivery systems.
By end user, global medical physics is segmented into hospitals, ambulatory surgical centers, diagnostic imaging centers, and academic & research institutes. Out of these segments, the hospital segment is anticipated to garner the largest market share by the end of 2035, owing to the increasing adoption of MRI and medical imaging and visualization system technologies in hospitals worldwide, as well as an increase in research activities related to medical physics. Further, increasing government support through various policies along with rising investment in the hospital industry is expected to boost the growth of this segment in the coming years.
By region, North American medical physics is to generate the highest revenue by the end of 2035, owing to the increasing use of medical imaging and computed tomography (CT) scans for diagnosis and treatment across many sectors such as industrial, pharmaceuticals, natural resources, healthcare, food & beverage industries in the region. According to statistics, in 2020, the total health expenditure of the United States was approximately USD 3.5 trillion, which is projected to reach ~USD 6 trillion by the end of 2028.
This report also provides the existing competitive scenario of some of the key players of global medical physics which includes company profiling of Medical Physics Consultants, Inc., Alyzen Medical Physics, Versant Medical Physics & Radiation Safety, Alliance Medical Physics LLC, Radiation Services, Inc., Jaeger Corporation, and others.
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