Market Size (2016)
2016
$1.03B
Healthcare
Perfusion Radiology Market
By Segment, By Region, And Segment Forecasts, 2016 – 2025
Vertical: HealthcareBase Year: 201811 Sections
Executive Summary
Perfusion Radiology Market — Snapshot
Projected (2025)
2025
$2.02B
CAGR (2016–2025)
7.7%
7.7%Key Players
108+
Perfusion radiology is an 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 prevalence of cardiovascular and neurological diseases, increasing geriatric population, and advancements in technology are driving the growth of the global perfusion radiology market. However, stringent regulatory policies and lack of awareness for the use of advanced technologies are likely to hamper the market growth
Key Contributing Factors
There are numerous factors that contribute to the growth of the perfusion radiology market. The key factors are mentioned below in brief.
Growing Prevalence of Cardiovascular and Neurological Diseases
According to the American Heart Association Statistics Committee and Stroke Statistics Subcommittee, in 2017, every year about 795,000 people in the US have a stroke of which about 610,000 are new reported cases of strokes and185,000 are recurrent strokes.
Increasing Geriatric Population
According to the Economic and Social Commission for Asia and the Pacific (ESCAP) in 2016, approximately 12.4% of the population in the region was 60 or older, however, this is projected to increase to over a quarter or to 1.3 billion people by 2050.
Advancements in Technology
Coronary computed tomography angiography (CTA) combined with computed tomography perfusion (CTP) imaging holds immense potential to evaluate all aspects of the broad spectrum of ischemic heart disease. This helps in disease diagnosis and deciding appropriate treatment for the patient.
Key Insight
The Perfusion Radiology Market market is projected to grow at a CAGR of 7.7% from 2016 to 2025.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Scope & Coverage
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 3 segments: Hospitals, Diagnostic Centers, Others. Forecasts are provided for each segment from 2016 to 2025.
- Competitive Landscape: 108 leading companies are profiled, covering market positioning, strategies, and recent developments.
Market Size (USD Mn)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Overview
Perfusion Radiology Market — Growth Trajectory
The scope of the global perfusion radiology market study includes the market size analysis and a detailed analysis of the manufacturer’s products and strategies. The market has been segmented based on application, end user, and region.
Perfusion Radiology Market — Growth Trajectory
Hospitals
Diagnostic Centers
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Size Trend (USD Mn)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansMarket Dimensions
How this market is segmented
- End User End User is broken down into: Hospitals, Diagnostic Centers, Others.
- Application Application is broken down into: Cardiovascular Imaging, Ventilation Imaging, Brain Imaging, Application_Others.
Geographic Analysis
Regional market breakdown
- Asia Pacific Asia Pacific market size reached $1.03B in 2016 and is projected to reach $2.02B by 2025, growing at a CAGR of 7.7%.
- Americas Americas market size reached $2.07B in 2016 and is projected to reach $3.68B by 2025, growing at a CAGR of 6.6%.
- Europe Europe market size reached $1.88B in 2016 and is projected to reach $3.50B by 2025, growing at a CAGR of 7.2%.
- Middle East and Africa Middle East and Africa market size reached $398.02M in 2016 and is projected to reach $654.90M by 2025, growing at a CAGR of 5.7%.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansResearch Methodology
Perfusion Radiology 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 – 2025
Primary Interviews
150+
Research Process
Historical data (2016–2018) and forecast period (2018–2025)
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)
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansCompetitive Landscape & Porter's Five Forces
Perfusion Radiology Market — Competitive Analysis
Bargaining Power of Suppliers
Bargaining power of suppliers in the global perfusion radiology market is low to moderate. The suppliers in the global perfusion radiology industry are medical device manufacturers. Currently, a high number of suppliers are present in the market due to high opportunities. Major players are accounting for a significant share of the market. Switching cost of the suppliers is moderate because suppliers tend to enter into long-term associations, partnership, and deals with the companies that sell perfusion radiology devices.
Bargaining Power of Buyers
The bargaining power of the buyers is moderate to high in the global perfusion radiology market due to the presence of many suppliers of perfusion radiology devices. The buyers of perfusion radiology are moderately inclined towards product manufacturers. The market consists of high number of manufacturers, which leads to many options with regards to the product offering. Thus, the bargaining power of buyers tends to be moderate to high in this market.
Threat of New Entrants
The threat of new entrants is low to moderate in the global perfusion radiology market. Any company trying to enter the perfusion radiology 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 radiology market is low. Substitutes pose a low threat in the global perfusion radiology market due to the unavailability of similar products which are offered by major market players. The techniques used in perfusion radiology imaging are ultrasound, MRI, and X-ray amongst others. Due to availability of limited perfusion radiology techniques, the threat of substitutes in the global perfusion radiology market is low.
Intensity of Rivalry
The degree of competition in the global perfusion radiology 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 Radiology Market.
Regional Market Size (USD Mn)
Market estimates by geography (2025)
USD Mn
InsightAmericas leads with $3.68B by 2025, while Asia Pacific is projected to grow fastest at a 7.7% CAGR.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansRegional Market Data
| REGION | 2016 | 2018 | 2025 | CAGR | SHARE |
|---|---|---|---|---|---|
| Asia Pacific | $1.03B | $1.44B | $2.02B | 7.7% | 20% |
| Americas | $2.07B | $2.82B | $3.68B | 6.6% | 37% |
| Europe | $1.88B | $2.58B | $3.50B | 7.2% | 36% |
| Middle East and Africa | $398.02M | $477.37M | $654.90M | 5.7% | 7% |
| Total | $5.38B | $7.32B | $9.86B | 7.7% | 100% |
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansSegment Revenue (2025)
Hospitals
Diagnostic Centers
Others
01600320048006400
Segment Market Share
- Hospitals59%
- Diagnostic Centers32%
- Others9%
Total Market Size
$9.86B
Market by Segment (2025)
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Hospitals | $5.82B | 7.7% | 60% |
| Diagnostic Centers | $3.14B | 7.7% | 77% |
| Others | $904.94M | 7.7% | 53% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
Subscribe to Wantstats
Unlock premium reports, insights, blogs, charts and more.
View Subscription PlansEmpower your Business
with InsightsSave over 20% on
with Insights
Save over 20% on
Annual Subscription
See plans for professionals or small and medium businesses.
Analytics
Perfusion Radiology Market — Key Findings
Analytical insights on Perfusion Radiology Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
The Perfusion Radiology Market market is projected to reach $2.02B by 2025, growing at 7.7% CAGR. The Hospitals segment holds the largest share.
Market Drivers
Perfusion is the passage of fluids through the blood vessels or the lymphatic system to the organs or tissues. The practice of perfusion radiology is the process by which the perfusion can be observed, recorded, and quantified. The term perfusion radiology encompasses a wide range of medical imaging modalities. Perfusion radiology may involve radioactive materials called tracers, which are mixed with blood and are absorbed into the organ to be studied. A special gamma camera takes pictures of the organ, as blood flows through it, to reveal qualitative and quantitative changes.
The global perfusion radiology 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 low hi-tech healthcare presence in lower-income countries are likely to restrain the growth of the market during the forecast period. On the other hand, recent technological advancements are likely to offer lucrative opportunities for the growth of the market.
Market Opportunities
Developing economies pose an opportunity for various markets as they have undeveloped research & development sectors due to which they would be unable to address complex health challenges. For instance, although there is a high demand for treatment, poor economic conditions lead to the slow growth of the healthcare industry in Africa. Moreover, according to the American Heart Association, Inc., in 2016, East Asia, Eastern Europe, and parts of Central Asia, Southeast Asia, and sub-Saharan Africa had the highest rate of mortality caused by stroke. Huge population affected by chronic diseases in developing countries reflects the need for various perfusion radiology tests, hence acting as a strong opportunity for key players operating in the perfusion radiology market.
Market Restraints
Regulatory compliance is the primary hurdle that is challenging the perfusion radiology industry. The growing prevalence of ischemic heart diseases, as well as increased awareness regarding the benefit of perfusion radiology techniques among healthcare professionals,have contributed to the rapid increase in the demand for perfusion radiology for the diagnosis of various chronic disorders. Besides, Indian manufacturers are investing significantly in perfusion radiology products, in compliance with the US Food and Drug Association (FDA) regulations, to obtain manufacturing contracts from companies based in the US. Although these regulations serve to improve and maintain the quality of diagnostic tests, the stringency also contributes to curb the growth of the perfusion radiology market, especially in the developing regions such as the 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 (2025)
Value (USD Mn)
Hospitals
Diagnostic Centers
Others
Companies
Key companies profiled in Perfusion Radiology Market
Profiles of 108 companies operating in the Perfusion Radiology 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
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
CANON MEDI
CANON MEDICAL SYSTEMS CORPORATION
Healthcare
Company Headquarters: Tokyo, Japan Founded: 1937 Workforce: 1,97,776 Company Working: Canon Medical Systems Corporation (Canon) offers a wide range of diagnostic medical imaging solutions such as CT, MR, X-Ray, ultrasound, and healthcare informatics across the globe. The company serves customers through a network of distributors in Japan and internationally. In January 2017, Toshiba Medical Systems Corporation changed its name to Canon Medical Systems Corporation. It has various offices in Japan, South America, North America, Europe, Africa, the Middle East, and Asia and Oceania.
Revenue$30.2B
Employees197,776
Market CapN/A
Founded1936
Tokyo, Japan
Page 1 of 18
…
Go to page
Powering the world's best teams.
From next-gen startups to established enterprises.
What our clients say
Trusted by forward-thinking businesses
for data-driven intelligence
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.
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 Radiology Market
Starting from
$4,950