Market Size (2016)
2016
$4.93B
Healthcare
Perfusion Imaging Market
By Segment, By Region, And Segment Forecasts, 2016 – 2024
Vertical: HealthcareBase Year: 201812 Sections
Executive Summary
Perfusion Imaging Market — Snapshot
Projected (2024)
2024
$7.75B
CAGR (2016–2024)
5.8%
5.8%Key Players
108+
Perfusion imaging is a non-invasive imaging test that shows how the blood flows through the organs or tissues. This test is used for the diagnosis of various chronic disorders. Growing geriatric population, the rising adoption rate of perfusion imaging devices and techniques and increasing disease awareness are driving the growth of the global perfusion imaging market. However, stringent regulatory policies are likely to hamper market growth.
The global perfusion imaging market is expected to register a CAGR of 6.34% during the forecast period of 2019 to 2024. In 2018, the market was led by the Americas with a 38.0% share, followed by Europe and Asia-Pacific with shares of 35.1% and 19.5%, respectively.
The global perfusion imaging market has been segmented based on modality, application, and region.
Based on modality, the computed tomography (CT) scan segment accounted for the largest market share of 55.1% in 2018, with a market value of USD 2976.75 million, and is projected to register a CAGR of 6.56% during the forecast period.
Based on application, the myocardial perfusion imaging segment accounted for the largest market share of 48.1% in 2018, with a market value of USD 2601.80 million, and is expected to register a CAGR of 5.90% during the forecast period.
Key Insight
The Perfusion Imaging Market market is projected to grow at a CAGR of 5.8% from 2016 to 2024.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
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What this report covers
- Geographic Coverage: This analysis covers 4 regions: Asia Pacific, Americas, Europe, Middle East and Africa.
- Market Segmentation: The market is analyzed across 4 segments: Myocardial Perfusion Imaging, Ventilation Perfusion Imaging, Functional Brain Imaging, Others. Forecasts are provided for each segment from 2016 to 2024.
- Competitive Landscape: 108 leading companies are profiled, covering market positioning, strategies, and recent developments.
Market Size (USD Mn)
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View Subscription PlansMarket Overview
Perfusion Imaging Market — Growth Trajectory
Perfusion is the passage of fluid through the lymphatic system to organ or tissues. Perfusion imaging is the process by which passage of perfusion can be observed, recorded, and quantified. This is widely used for the diagnosis of chronic disorders such as cancer, brain tumor, and lung-related disorders. As has been a rising prevalence of the chronic disease, the demand for perfusion imaging is also increasing. Growing awareness regarding the benefit of perfusion imaging in patients, as well as healthcare professionals, would create a rise in demand for these products for the treatment of various chronic disorders. Hence it is expected to boost the growth of the global perfusion imaging market.
Perfusion Imaging Market — Growth Trajectory
Myocardial Perfusion Imaging
Ventilation Perfusion Imaging
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How this market is segmented
- Application Application is broken down into: Myocardial Perfusion Imaging, Ventilation Perfusion Imaging, Functional Brain Imaging, Others.
- Modality Modality is broken down into: Computed Tomography (CT) Scan, Magnetic Resonance Imaging (MRI), Nuclear Medicine.
Geographic Analysis
Regional market breakdown
- Asia Pacific Asia Pacific market size reached $946.56M in 2016 and is projected to reach $1.59B by 2024, growing at a CAGR of 6.7%.
- Americas Americas market size reached $1.90B in 2016 and is projected to reach $2.81B by 2024, growing at a CAGR of 5.0%.
- Europe Europe market size reached $1.72B in 2016 and is projected to reach $2.77B by 2024, growing at a CAGR of 6.1%.
- Middle East and Africa Middle East and Africa market size reached $364.82M in 2016 and is projected to reach $577.77M by 2024, growing at a CAGR of 5.9%.
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View Subscription PlansResearch Methodology
Perfusion Imaging Market — How We Researched This Market
This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2018
Historical Period
2016 – 2018
Forecast Period
2018 – 2024
Primary Interviews
150+
Research Process
Historical data (2016–2018) and forecast period (2018–2024)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Historical vs. Forecast Data
Historical (observed)
Forecast (modelled)
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View Subscription PlansCompetitive Landscape & Porter's Five Forces
Perfusion Imaging Market — Competitive Analysis
Bargaining Power of Suppliers
Bargaining power of suppliers in the global perfusion imaging market is medium. The suppliers in the global perfusion imaging industry are medical device manufacturers. Currently, a moderate number of suppliers are present in the market due to stringent government regulations and high opportunities. Major players are accounting for a significant share of the market. Switching cost of the suppliers is medium because suppliers tend to enter into long-term associations, partnership, and deals with the companies that sell perfusion imaging.
Bargaining Power of Buyers
The bargaining power of the buyers is medium in the global perfusion imaging market due to the presence of many buyers of perfusion imaging. The buyers of perfusion imaging are moderately inclined towards product manufacturers. Moreover, the buyers can exert moderate pressure on the manufacturers as they already provide high-quality products and services. The market is captured by a limited number of players which indicates oligopoly in the market which leads to fewer options with regards to product offering thus the bargaining power of buyers tends to be medium in this market.
Threat of New Entrants
The threat of new entrants is low to medium in the global perfusion imaging market. Any company trying to enter the perfusion imaging market is required to accept the regulatory standards and product should get approval by regulatory authorities. This market is also characterized by a reasonable degree of brand loyalty, where establishing a brand name is difficult for new entrants. Moreover, products which are already available in the market are patented, and the cost involved in R&D is high, which creates unfavorable conditions for the new entrants in the market.
Threat of Substitutes
The threat of substitutes in the global perfusion imaging market is medium to high. Substitutes pose a moderate to high threat in the global perfusion imaging market due to the availability of similar products which are offered by major market players. However, the excellent product quality and brand loyalty of customers when it comes to emergency care products. For instance, a huge number of imaging device companies such as Koninklijke Philips NV, Siemens, GE Healthcare among others develop numerous imaging equipment in the form of CT scanner, MRI, and other devices for this market.
Intensity of Rivalry
The degree of competition in the global perfusion imaging market is high. Many manufacturers are present in the market. The market is shared by many major players, and their market share is fixed, which indicates the intense rivalry. Players are engaged in developing a process to lower their manufacturing cost to overcome the competition. Moreover, the players are also developing advanced techniques to differentiate their product from their rivals.
Quantitative Analysis
Regional Breakdown
Regional market breakdown for Perfusion Imaging Market.
Regional Market Size (USD Mn)
Market estimates by geography (2024)
USD Mn
InsightAmericas leads with $2.81B by 2024, while Asia Pacific is projected to grow fastest at a 6.7% CAGR.
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View Subscription PlansRegional Market Data
| REGION | 2016 | 2018 | 2024 | CAGR | SHARE |
|---|---|---|---|---|---|
| Asia Pacific | $946.56M | $1.20B | $1.59B | 6.7% | 20% |
| Americas | $1.90B | $2.25B | $2.81B | 5.0% | 36% |
| Europe | $1.72B | $2.13B | $2.77B | 6.1% | 36% |
| Middle East and Africa | $364.82M | $447.75M | $577.77M | 5.9% | 7% |
| Total | $4.93B | $6.03B | $7.75B | 5.8% | 100% |
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View Subscription PlansSegment Revenue (2024)
Myocardial Perfusion Imaging
Ventilation Perfusion Imaging
Functional Brain Imaging
Others
01001200230024003
Segment Market Share
- Myocardial Perfusion Imaging47%
- Ventilation Perfusion Imaging26%
- Functional Brain Imaging21%
- Others5%
Total Market Size
$7.75B
Market by Segment (2024)
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Myocardial Perfusion Imaging | $3.64B | 5.8% | 53% |
| Ventilation Perfusion Imaging | $2.04B | 5.8% | 73% |
| Functional Brain Imaging | $1.66B | 5.8% | 85% |
| Others | $405.19M | 5.8% | 53% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytics
Perfusion Imaging Market — Key Findings
Analytical insights on Perfusion Imaging Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
The Perfusion Imaging Market market is projected to reach $7.75B by 2024, growing at 5.8% CAGR. The Myocardial Perfusion Imaging segment holds the largest share.
Market Dynamics
Perfusion is the passage of fluid through the blood vessels or the lymphatic system to an organ or a tissue. The practice of perfusion imaging is the process by which the perfusion can be observed, recorded, and quantified. The term perfusion imaging encompasses a wide range of medical imaging modalities. Perfusion imaging may involve radioactive materials called tracers, which mix with blood and are taken up by the organ to be studied. A special gamma camera takes pictures of the organ to reveal qualitative and quantitative changes based on the supply of blood.
The global perfusion imaging market is mainly driven by the growing prevalence of cardiovascular and neurological diseases, increasing geriatric population, and advancements in technology. High treatment cost, overpriced devices, and poor hi-tech healthcare penetration in lower income countries may slow down the growth of the market in the future. On the other hand, recent technological advancements are likely to offer lucrative opportunities for the growth of the market.
Market Drivers
With increasing cases of geriatric population, various government and private associations are trying to make people aware of chronic diseases and related complications. Some of the governments in Asia are taking different approaches to healthcare financing. For instance, the Indian government conducts a program named, the National Program for Health Care of the Elderly (NPHCE), through which it provides promotional, preventive, curative, and rehabilitative services for elderly patients. According to the Economic and Social Commission for Asia and the Pacific (ESCAP) in 2016, approximately 12.4 percent of the population in the region was 60 years or older, but this is projected to increase to more than a quarter or 1.3 billion people by 2050. Owing to the rising complications of heart and brain-related diseases, various government bodies and private foundations are actively participating in the improvement of healthcare grants and reimbursement policies. For instance, as per the United Nations Population Fund (UNFPA), population aging is an important part of the global population dynamics and a priority area for UNFPA. In this sense, UNFPA in Asia and the Pacific supports countries in developing aging situation analysis and research to guide national policies and strategies at the national level for the promotion of the well-being of the older ones. The rising awareness about age-related degenerations and related complications push the demand for perfusion imaging diagnostic tools.
Market Opportunities
Developing economies pose an opportunity for various markets as they have undeveloped research and development sectors owing to which they are unable to address upcoming health challenges. Despite the huge demand, Africa is dependent on imported medicines and other health technologies. Although there is a high requirement for treatment, poor economic conditions lead to the slow growth of the healthcare industry within the region. As per a survey carried out by the National Centre for Biotechnology Information (NCBI) in 2016, around 300 people were suffering from ischemic heart disease in China. This huge population affected with chronic disease in developing countries serves as a strong opportunity for key players operating in the perfusion imaging market as they require various diagnostic tests for their treatment.
Market Restraints
Regulatory compliance is the primary hurdle that is challenging the perfusion imaging market. The growing prevalence of ischemic heart diseases, as well as increased awareness regarding the benefit of perfusion imaging among non-specialists as well as healthcare professionals, have contributed to the rapid growth in the demand for perfusion imaging for the treatment of various chronic and neurological disorders. Besides, Indian manufacturers are investing more in perfusion imaging to comply with the US FDA regulations to obtain contracts from US-based companies. Although these regulations serve to improve and maintain the quality of diagnostic tests, they also curb the growth of the perfusion imaging market, especially in developing regions such as Asia-Pacific.
Strategic Outlook and Future Directions
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Market Value by Segment (2024)
Value (USD Mn)
Myocardial Perfusion Imaging
Ventilation Perfusion Imaging
Functional Brain Imaging
Others
Companies
Key companies profiled in Perfusion Imaging Market
Profiles of 108 companies operating in the Perfusion Imaging Market market, including revenue, employee count, and market positioning where available.
Showing 108 of 108 companies
Advantis M
Advantis Medical Imaging
Healthcare
Company Headquarters: Eindhoven, Netherlands Founded: 2016 Workforce: ~1000 Company Working: Advantis Medical Imaging is a leading company in the production of medical imaging devices. It is a fully integrated life sciences company that provides research, product development, manufacturing, and distribution of medical technologies. It is an outstanding worldwide source of regenerative medicine technology, clinical research, education, and training for the constantly evolving healthcare industry. Its sole focus is on products that are based in medical imaging.
RevenueN/A
Employees1,000
Market CapN/A
Founded2015
Eindhoven, Netherlands
Perimed
Perimed
Healthcare
Company Headquarters: Ardmore, Pennsylvania, US Founded: 1988 Workforce: ~100 Company Working: Perimed is one of the leaders in manufacturing perfusion imaging devices. It provides instruments, software, and expertise to enable accurate assessment of the microcirculation. The company is involved in developing, manufacturing, and commercializing its pharmaceutical devices and biological products in the US. The products offered by it are laser doppler, laser speckle, and transcutaneous oxygen (tcpO2, TCOM), to name a few.
RevenueN/A
Employees100
Market CapN/A
Founded1987
Ardmore, Pennsylvania, US
Neusoft Co
Neusoft Corporation
Healthcare
Company Headquarters: Shenyang, Liaoning China Founded: 1998 Workforce: 10,001 Company Working: Neusoft Corporation (Neusoft) deals in providing innovative information technology-enabled solutions and services to meet the unmet demands of its customers. Neusoft was established at Northeastern University, China. It has ten software research and development bases, eight regional headquarters, and a comprehensive marketing and service network covering over 60 cities across China, as well as subsidiaries in the US, Europe, Japan, the Middle East, and South America. It helps industry customers establish best practices in business development and management.
Revenue$1.1B
Employees10,001
Market CapN/A
Founded1997
Shenyang, Liaoning China
General El
General Electric Company
Healthcare
Company Headquarter: US Founded: 1892 Workforce: 283,000 Company Working: General Electric Company is a technology and financial services company that develops and manufactures products for the generation, transmission, distribution, control, and utilization of electricity. The company offers aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content, and industrial products. GE operates through two major segments—industrial and capital. The industrial segment consists of 8 different sub-segments, namely, power, oil & gas, energy, aviation, healthcare, transportation, appliances and lighting, and GE capital. The Power segment offers power generation and energy production. The Oil & Gas segment provides mission-critical equipment for Oil & Gas companies. The Energy segment provides wind turbine platforms, hydropower products and services, and blades for wind turbines. The Aviation segment manufactures jet engines, turboprops, maintenance, engineering, and overhaul services. The Healthcare segment provides diagnostic imaging and clinical systems, drug discovery solutions, gene therapy technologies, and medical technologies. The Transportation segment offers freight and passenger locomotives, rail parts, data analytics, and rail integrated software solutions. The Appliances & Lighting segment manufactures LED products, refrigerators, cooktops, microwave ovens, hybrid water heaters, energy efficiency, and productivity solutions. The GE Capital segment offers financial services such as commercial loans and leases, consulting services, and fleet management. GE Power’s Grid Solutions is one of the subsidiaries which provide the energy leader that provides technology, solutions, and services across the entire energy value chain. The company operates across the world in the Americas, EMEA (Europe, Middle East, and Africa), and Asia-Pacific and has several subsidiaries including GE Capital, GE Digital, GE Energy Connections, and GE Global Research.
Revenue$90.2B
Employees283,000
Market CapN/A
Founded1891
United States, North America
Shimadzu C
Shimadzu Corporation
Healthcare
Company Headquarters: Japan Founded: 1875 Workforce: ~12,600 Company Address: 1 Nishinokyo Kuwabara-Cho, Nakagyo-Ku, Kyoto, Kyoto, 604-8511, Japan. Contact Details: Tel: 8175 823 1111; E-mail: info@group.shimadzu.co.jp Company Working: Shimadzu Corporation (Shimadzu) is a leading manufacturer and supplier of analytical instruments, medical devices, testing instruments, and aircraft components. The company holds expertise in the instrumentation and analytical measurement industry and serves several industries including healthcare, medical, chemicals, industrial, and scientific research, among others. It operates through five major business segments namely analytical instruments, medical systems, aircraft equipment, industrial machinery & equipment, and others. The manufacturing, sales, and distribution of spectrophotometers is carried out by the analytical instrument business segment. This segment is also responsible for the sale of environmental measurement instruments such as mass spectrometers, chromatographs, surface analysis and observation systems, water quality analyzers, and continuous emission monitoring systems. Shimadzu has its presence across the globe with major revenue generation from Japan, China, the US, and the European countries.
Revenue$2.7B
Employees12,600
Market CapN/A
Founded1874
Japan
Koninklijk
Koninklijke Philips NV
Healthcare
Company Headquarters: Amsterdam, Netherlands Founded: 1891 Workforce: 77,000 (2018) Company Working: Koninklijke Philips NV (Philips) is a market leader in healthcare technology. The company has a strong sales and distribution network worldwide and operates in more than 100 countries. Philips offers products through segments, including medical devices, health systems, cardiology, health tech, oncology, respiratory, fertility, and pregnancy. The company deals in maternity care, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care products. It delivers diagnostic X-ray, integrated clinical, magnetic resonance imaging, computed tomography, and molecular imaging solutions. Moreover, the company also offers healthcare information technology, clinical, and visualization and quantification informatics solutions for radiology, cardiology, and oncology; universal data management solutions, picture archiving and communication systems, and integrated electronic medical record systems; clinical and hospital IT platforms; technology-enabled monitoring and intervention, actionable program, cloud-based, and population health management software solutions. The company was formerly known as Koninklijke Philips Electronics N.V. and changed its name to Koninklijke Philips N.V. in May 2013.
Revenue$18.5B
Employees77,000
Market CapN/A
Founded1890
Amsterdam, Netherlands
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Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Perfusion Imaging Market
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