Electrical Impedance Tomography Market Size Projected to Garner USD 8.9 Billion by 2030 growing at 9.2% CAGR - Exclusive Report by Acumen Research and Consulting
According to Acumen Research & Consulting, The Global Electrical Impedance Tomography Market size was worth USD 4.1 Billion in 2021 and is projected to be worth around USD 8.9 Billion by 2030, growing at a CAGR of 9.2% in the coming years
Electrical Impedance Tomography Market Overview
The electrical impedance tomography (EIT) market is small and specialized. Electrical impedance tomography is a medical imaging technique that creates images of the inside of the body using low-frequency electrical currents. It is non-invasive and does not use ionizing radiation, making it a safer alternative to X-ray or CT scanning. The market for EIT is expected to expand in the future as the technology matures and its full potential as a diagnostic tool is realized. EIT's primary applications are in lung imaging, but researchers are also investigating its use in other organs such as the breast, heart, and brain. It is also being studied as a potential breast imaging alternative to mammography.
Electrical Impedance Tomography (EIT) Market Statistics
- Global electrical impedance tomography market revenue collected USD 4.1 Billion in 2021, with a 9.2% CAGR between 2022 and 2030
- As per the WHO statistics, chronic obstructive pulmonary disease (COPD) is the leading cause of death globally causing 3.23 million deaths in 2019
- North America electrical impedance tomography market occupied over 34% share in 2021
- Asia-Pacific electrical impedance tomography market growth is projected to record above 9.5% CAGR from 2022 to 2030
- Among end-user, the hospitals and clinics sub-segment gathered around US$ 1.8 billion in 2021
- The integration of AI and ML in EIT is a key trend in electrical impedance tomography that fuels the industry demand
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Electrical Impedance Tomography Market Dynamics
The growing demand for non-invasive and radiation-free imaging techniques is a major factor driving the value of the global electrical impedance tomography market. As people become more aware of the potential dangers of ionizing radiation from traditional imaging techniques like X-ray and CT, the demand for non-invasive and radiation-free alternatives like EIT is expected to rise.
In addition, growing awareness of EIT's potential as a diagnostic tool would drive EIT market demand. As EIT technology advances, its potential as a diagnostic tool for a variety of conditions becomes more widely recognized. As hospitals and clinics begin to use the technology as a diagnostic tool, the EIT market is expected to grow.
However, EIT systems are relatively expensive, which may limit their adoption in some areas, particularly in developing countries. Furthermore, government support and funding for the creation of new medical technologies are expected to drive EIT market growth. Finally, the continued development of EIT technology, such as the incorporation of AI and machine learning, is expected to drive market growth by improving the technology's accuracy and efficiency.
Electrical Impedance Tomography Market Segmentation
The global electrical impedance tomography market is categorized into product type, application, end-user, and geography.
- Based on the product type, the market is split into hardware, software, and services
- By application, the segmentation includes lung imaging, heart imaging, brain imaging, breast imaging, and others
- The end-user segment is bifurcated into hospitals and clinics, diagnostic imaging centers, research centers, and others
- The regional market is classified into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa
Electrical Impedance Tomography (EIT) Market Share
According to the electrical impedance tomography market forecast, the hardware product type sub-segment is expected to account for a sizable market share between 2022 and 2030. However, the software sub-segment is expected to grow at a rapid pace in the coming years.
Lung and breast imaging contributed the greatest market shares in 2021 and are expected to continue to do so in the years ahead, from 2022 to 2030. Brain and heart imaging, on the other hand, is expected to grow at a rapid pace in the coming years.
According to an analysis of the electrical impedance tomography industry, the hospitals and clinics sub-segment is receiving huge prominence, whereas research institutes are gradually growing in the current scenario.
Electrical Impedance Tomography Market Regional Outlook
In 2021, the North American region accounted for the majority of the share and is anticipated to lead the market with the utmost shares in the coming future. In North America, awareness of EIT technology's potential as a diagnostic tool for many illnesses is growing as it continues to advance. The adoption of the technology as a diagnostic tool by hospitals and clinics is anticipated to fuel growth in the EIT market. The demand for non-invasive, radiation-free substitutes like EIT is anticipated to rise as people in North America become more aware of the possible hazards linked to ionizing radiation from conventional imaging procedures like X-ray and CT.
On the other hand, the Asia-Pacific area has a sizable and quickly expanding population, which is anticipated to fuel demand for EIT as the need for diagnostic imaging rises. Additionally, the Asia-Pacific area has experienced a growth in internet connectivity and technology, which makes it possible to use cutting-edge and sophisticated EIT systems and equipment.
Electrical Impedance Tomography Market Players
Some prominent electrical impedance tomography companies covered in the industry are Aurora Healthcare US Corp., Carestream Health, Canon Inc., Fujifilm Holdings Corporation, Delphinus Medical Technologies, Inc, Hologic, Inc., Koninklijke Philips N.V., GE Healthcare, PLANMED OY, Siemens Healthcare GmbH, and SuperSonic Imagine.
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