Diagnostic Imaging Market Research Report - Forecast till 2027

Diagnostic Imaging Market: Information by Product Type (X-Ray Equipment, Ultrasound Imaging Systems, and Others), Application (Gynecology, Oncology, Orthopedics, and Others ), End-User (Hospitals and clinics, and Others)- Forecast till 2027

ID: MRFR/MED/5301-HCR | February 2021 | Region: Global | 85 pages

Diagnostic Imaging Market Scenario:

The diagnostic imaging market is expected to grow at a CAGR 5.6% with USD 34.5 billion during the forecast period (2020–2027)

Diagnostic imaging is used for detection of medical complication and provides aid in treatment of the disease or disorder. The growing geriatric population, rising number of chronic diseases, and advancement in technology are the factors responsible for the growth of the market. Moreover, rising R&D spending and aggressive strategies adopted by the top players such as new product launches are contributing to the growth of the market. For instance, in September 2017, General Electric Company launched the Mammography System that allows patients to control their compression by remote control.

The cost associated with the diagnostic imaging systems, unfavorable reimbursement policies and lack of skilled personnel for the effective use of diagnostic imaging systems may hamper the growth of the market during the assessment period.

Segmentation:

The diagnostic imaging market has been segmented on the basis of product type, application and end-user.

On the basis of product type, the market has been classified as x-ray equipment, ultrasound imaging systems, nuclear imaging systems, magnetic resonance imaging (MRI), computed tomography (CT) scanners, and other products.

The application segment has been further divided into gynecology, oncology, orthopedics, cardiology, gastroenterology, neurology, and other applications

The market, by end-user, has been segmented into hospitals and clinics, diagnostic centers, research institutes, and others.

The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The diagnostic imaging market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European diagnostic imaging market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.

The diagnostic imaging market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The diagnostic imaging market in the Middle East & Africa has been segmented into the Middle East and Africa.

Regional Market Summary:

Global Diagnostic Imaging Market Share, by Region , 2017 (%)

Source: MRFR Analysis

The Americas are likely to dominate the global diagnostic imaging market owing to the rising prevalence of chronic diseases in the aging population, increase in the number of cancer patients, the presence of a well-established healthcare system, and adoption of highly advanced technology. According to National cancer institute, in 2016, 15.5 million cancer cases were registered in united states, and it is expected to reach 20.3 million by the end of 2016. Also, the expenditure on cancer care in 2017 was 147.3 billion.

The European market is expected to be the second-largest diagnostic imaging market. The market growth in this region can be attributed to the favorable regulatory policies, increasing number of hospitals and diagnostic centers, and increasing healthcare expenditure. Moreover, increasing cases of chronic disorders is contributing to the growth of the market in this region. According to the Organization for Economic Co-operation and Development, in 2016 chronic diseases such as heart attacks, strokes, diabetes and cancer were responsible for 550,000 premature deaths in Europe and it cost around USD 130 billion to the economy.

Asia-Pacific is expected to be the fastest-growing diagnostic imaging market during the forecast period owing to the rising prevalence of chronic diseases, increasing investments in healthcare and expansions by market players in the region, and increase in disposable income.

The market in the Middle East & Africa is expected to account for the smallest share of the global diagnostic imaging market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.

Key Players:

Some of the key players in the global diagnostic imaging market are Koninklijke Philips N.V., CANON MEDICAL SYSTEMS CORPORATION, Carestream Health, Esoate SpA, GE Healthcare, Toshiba Medical Systems Corporation, FUJIFILM Holdings Corporation, Siemens Healthcare Private Limited, Hitachi Medical Systems, Hologic Inc., and Shimadzu Corporation

Global Diagnostic Imaging Market, by Product Type

X-Ray Equipment

Ultrasound Imaging Systems

Nuclear Imaging Systems

Magnetic Resonance Imaging (MRI)

Computed Tomography (CT) Scanners

Other Products

Global Diagnostic Imaging Market, by Application

Gynecology

Oncology

Orthopedics

Cardiology

Gastroenterology

Neurology

Other Applications

Global Diagnostic Imaging Market, by End-User

Hospitals and clinics

Diagnostic centers

Research institutes

Others

Global Diagnostic Imaging Market, by Region

Americas North America

Canada

South America Europe Western Europe

Germany

France

Italy

Spain

Rest of Western Europe

Eastern Europe Asia-Pacific

Japan

China

India

Australia

South Korea

Rest of Asia-Pacific

The Middle East & Africa

Middle East

Africa

Company Profiles

Koninklijke Philips N.V.

CANON MEDICAL SYSTEMS CORPORATION

Carestream Health.

Esoate SpA

GE Healthcare

Toshiba Medical Systems Corporation

FUJIFILM Holdings Corporation

Siemens Healthcare Private Limited

Hitachi Medical Systems

Hologic Inc.

Shimadzu Corporation

Intended Audience

Diagnostic imaging product manufacturers

Medical devices distributors and suppliers

Healthcare providers

Medical device manufacturers

Research institutes and academic centers

Government associations

Market research and consulting

Report Scope:

Report Attribute/Metric	Details
Market Size	2027: 34.5 billion by 2027
CAGR	2020-2027: 5.6 %
Base Year	2019
Forecast Period	2027
Historical Data	2018
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Product Type, Application And End-User
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Koninklijke Philips N.V., CANON MEDICAL SYSTEMS CORPORATION, Carestream Health, Esoate SpA, GE Healthcare, Toshiba Medical Systems Corporation, FUJIFILM Holdings Corporation, Siemens Healthcare Private Limited, Hitachi Medical Systems, Hologic Inc., and Shimadzu Corporation
Key Market Opportunities	Rising R&D spending Aggressive strategies adopted by the top players such as new product launches
Key Market Drivers	Growing geriatric population Rising number of chronic disease Advancement in technology

Frequently Asked Questions (FAQ) :

What are the Product types of Diagnostic Imaging Market?

X-Ray Equipment, Ultrasound Imaging Systems, and Others are the product type of Diagnostic Imaging Market

How much CAGR the global medical device connectivity market can score during the forecast period of 2020 to 2027?

The global market for diagnostic imaging has been predicted to achieve a 5.6% CAGR during the forecast period of 2020 to 2027

What is the major driver of the Global Diagnostic Imaging Market?

The increasing number of the geriatric populace is the main driver of the Global Diagnostic Imaging Market.

What are the key players of the Global Diagnostic Imaging Market?

Koninklijke Philips N.V., CANON MEDICAL SYSTEMS CORPORATION, Carestream Health, Esoate SpA, GE Healthcare, Toshiba Medical Systems Corporation, FUJIFILM Holdings Corporation, Siemens Healthcare Private Limited, Hitachi Medical Systems, Hologic Inc., and Shimadzu Corporation are key players of the Global Diagnostic Imaging Market.

Table of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porter’s Five Forces Analysis

5.1.1 Bargaining Power of Suppliers

5.1.2 Bargaining Power of Buyers

5.1.3 Threat of New Entrants

5.1.4 Threat of Substitutes

5.1.5 Intensity of Rivalry

5.2 Value Chain Analysis

5.3 Investment Feasibility Analysis

5.4 Pricing Analysis

Chapter 6. Global Diagnostic Imaging Market, by Product Type

6.1 Introduction

6.2 X-Ray Equipment

Market Estimates & Forecast, by Region, 2020-2027