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

  • US

  • Canada


South America Europe Western Europe

  • Germany

  • France

  • Italy

  • Spain

  • UK

  • 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) :


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

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

    The increasing number of the geriatric populace is the main driver 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

    Market Estimates & Forecast, by Country, 2020-2027

    6.3 Ultrasound Imaging Systems

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    6.4 Nuclear Imaging Systems

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    6.5 Magnetic Resonance Imaging (MRI)

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    6.6 Computed Tomography (CT) Scanners

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    6.7 Other Products

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    Chapter 7. Global Diagnostic Imaging Market, by Application

    7.1 Introduction

    7.2 Gynecology

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.3 Oncology

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.4 Oncology

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.5 Orthopedics

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.6 Cardiology

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.7 Gastroenterology

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.8 Neurology

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    7.9 Other Applications

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    Chapter 8. Global Diagnostic Imaging Market, by End-User

    8.1 Introduction

    8.2 Hospitals and Clinics

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    8.3 Diagnostic Centres

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    8.4 Research Institutes

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    8.5 Others

    Market Estimates & Forecast, by Region, 2020-2027

    Market Estimates & Forecast, by Country, 2020-2027

    Chapter 9. Global Diagnostic Imaging Market, by Region

    9.1 Introduction

    9.2 Americas

    9.2.1 North America

    9.2.1.1 US

    9.2.1.2 Canada

    9.2.2 South America

    9.3 Europe

    9.3.1 Western Europe

    9.3.1.1 Germany

    9.3.1.2 France

    9.3.1.3 Italy

    9.3.1.4 Spain

    9.3.1.5 UK

    9.3.1.6 Rest of Western Europe

    9.3.2 Eastern Europe

    9.4 Asia-Pacific

    9.4.1 Japan

    9.4.2 China

    9.4.3 India

    9.4.4 Australia

    9.4.5 South Korea

    9.4.6 Rest of Asia-Pacific

    9.5 Middle East & Africa

    9.5.1 Middle East

    9.5.2 Africa

    Chapter 10. Company Landscape


    10.1 Introduction

    10.2 Market Share Analysis

    10.3 Key Development & Strategies

    Chapter 11. Company Profiles


    11.1 Koninklijke Philips N.V.

    11.1.1 Company Overview

    11.1.2 Product Overview

    11.1.3 Financials Overview

    11.1.4 Key Developments

    11.1.5 SWOT Analysis

    11.2 CANON MEDICAL SYSTEMS CORPORATION

    11.2.1 Company Overview

    11.2.2 Product Overview

    11.2.3 Financial Overview

    11.2.4 Key Developments

    11.2.5 SWOT Analysis

    11.3 Carestream Health.

    11.3.1 Company Overview

    11.3.2 Product Overview

    11.3.3 Financial Overview

    11.3.4 Key Development

    11.3.5 SWOT Analysis

    11.4 Esoate SpA

    11.4.1 Company Overview

    11.4.2 Technologys/Business Segment Overview

    11.4.3 Financial Overview

    11.4.4 Key Development

    11.4.5 SWOT Analysis

    11.5 GE Healthcare

    11.5.1 Company Overview

    11.5.2 Product Overview

    11.5.3 Financial overview

    11.5.4 Key Developments

    11.5.5 SWOT Analysis

    11.6 Toshiba Medical Systems Corporation

    11.6.1 Company Overview

    11.6.2 Product Overview

    11.6.3 Financial Overview

    11.6.4 Key Developments

    11.6.5 SWOT Analysis

    11.7 FUJIFILM Holdings Corporation

    11.7.1 Overview

    11.7.2 Product Overview

    11.7.3 Financial Overview

    11.7.4 Key Developments

    11.7.5 SWOT Analysis

    11.8 Siemens Healthcare Private Limited

    11.8.1 Overview

    11.8.2 Product/ Technology Overview

    11.8.3 Financials

    11.8.4 Key Developments

    11.8.5 SWOT Analysis

    11.9 Hitachi Medical Systems

    11.9.1 Overview

    11.9.2 Product Overview

    11.9.3 Financials

    11.9.4 Key Developments

    11.9.5 SWOT Analysis

    11.10 Hologic Inc.

    11.10.1 Overview

    11.10.2 Product Overview

    11.10.3 Financials

    11.10.4 Key Developments

    11.10.5 SWOT Analysis

    11.11 Shimadzu Corporation

    11.11.1 Overview

    11.11.2 Product Overview

    11.11.3 Financials

    11.11.4 Key Developments

    11.11.5 SWOT Analysis

    Chapter 12 MRFR Conclusion

    12.1 Key Findings

    12.1.1 From CEO’s Viewpoint

    12.1.2 Unmet Needs of the Market

    12.2 Key Companies to Watch

    12.3 Predictions for the Diagnostic Imaging Industry

    Chapter 13. Appendix

    LIST OF TABLES

    Table 1 Global Diagnostic Imaging Market Synopsis, 2020-2027

    Table 2 Global Diagnostic Imaging Market Estimates and Forecast, 2020-2027 (USD Million)

    Table 3 Global Diagnostic Imaging Market, by Region, 2020-2027 (USD Million)

    Table 4 Global Diagnostic Imaging Market, by Product Type, 2020-2027 (USD Million)

    Table 5 Global Diagnostic Imaging Market, by Application, 2020-2027 (USD Million)

    Table 6 Global Diagnostic Imaging Market, by End-User, 2020-2027 (USD Million)

    Table 7 North America: Diagnostic Imaging Market, by Product Type, 2020-2027 (USD

    Million)

    Table 8 North America: Diagnostic Imaging Market, by Application, 2020-2027 (USD

    Million)

    Table 9 North America: Diagnostic Imaging Market, by End-User, 2020-2027 (USD

    Million)

    Table 10 US: Diagnostic Imaging Market, by Product Type, 2020-2027 (USD Million)

    Table 11 US: Diagnostic Imaging Market, by Application, 2020-2027 (USD Million)

    Table 12 US: Diagnostic Imaging Market, by End-User, 2020-2027 (USD Million)

    Table 13 Canada: Diagnostic Imaging Market,by Product Type, 2020-2027 (USD Million)

    Table 14 Canada: Diagnostic Imaging Market, by Application, 2020-2027 (USD Million)

    Table 15 Canada: Diagnostic Imaging Market, by End-User, 2020-2027 (USD

    Million)

    Table 16 South America: Diagnostic Imaging Market, by Product Type , 2020-2027 (USD

    Million)

    Table 17 South America: Diagnostic Imaging Market, by Application, 2020-2027 (USD

    Million)

    Table 18 South America: Diagnostic Imaging Market, by End-User, 2020-2027 (USD

    Million)

    Table 19 Europe: Diagnostic Imaging Market, by Product Type, 2020-2027 (USD Million)

    Table 20 Europe: Diagnostic Imaging Market, by Application, 2020-2027 (USD Million)

    Table 21 Europe: Diagnostic Imaging Market, by End-User, 2020-2027 (USD Million)

    Table 22 Western Europe: Diagnostic Imaging Market, by Product Type, 2020-2027 (USD

    Million)

    Table 23 Western Europe: Diagnostic Imaging Market, by Application, 2020-2027 (USD

    Million)

    Table 24 Western Europe: Diagnostic Imaging Market, by End-User, 2020-2027

    (USD Million)

    Table 25 Eastern Europe: Diagnostic Imaging Market, by Product, 2020-2027 (USD

    Million)

    Table 26 Eastern Europe: Diagnostic Imaging Market, by Application, 2020-2027 (USD

    Million)

    Table 27 Eastern Europe: Diagnostic Imaging Market, by End-User, 2020-2027

    (USD Million)

    Table 28 Asia-Pacific: Diagnostic Imaging Market, by Product Type, 2020-2027 (USD

    Million)

    Table 29 Asia-Pacific: Diagnostic Imaging Market, by Application, 2020-2027 (USD

    Million)

    Table 30 Asia-Pacific: Diagnostic Imaging Market, by End-User, 2020-2027 (USD

    Million)

    Table 31 Middle East & Africa: Diagnostic Imaging Market, by Product Type, 2020-2027

    (USD Million)

    Table 32 Middle East & Africa: Diagnostic Imaging Market, by Application, 2020-2027

    (USD Million)

    Table 33 Middle East & Africa: Diagnostic Imaging Market, by End-User, 2020-2027

    (USD Million)

    LIST OF FIGURES

    Figure 1 Research Process

    Figure 2 Segmentation for Global Diagnostic Imaging Market

    Figure 3 Segmentation Market Dynamics for Global Diagnostic Imaging Market

    Figure 4 Global Diagnostic Imaging Market Share, by Product Type, 2020

    Figure 5 Global Diagnostic Imaging Market Share, by Application, 2020

    Figure 6 Global Diagnostic Imaging Market Share, by End-User, 2020

    Figure 7 Global Diagnostic Imaging Market Share, by Region, 2020

    Figure 8 North America: Diagnostic Imaging Market Share, by Country, 2020

    Figure 9 Europe: Diagnostic Imaging Market Share, by Country, 2020

    Figure 10 Asia-Pacific: Diagnostic Imaging Market Share, by Country, 2020

    Figure 11 Middle East & Africa: Diagnostic Imaging Market Share, by Country, 2020

    Figure 12 Global Diagnostic Imaging Market: Company Share Analysis, 2020 (%)

    Figure 13 Koninklijke Philips N.V.: Key Financials

    Figure 14 Koninklijke Philips N.V.: Segmental Revenue

    Figure 15 Koninklijke Philips N.V.: Geographical Revenue

    Figure 16 CANON MEDICAL SYSTEMS CORPORATION: Key Financials

    Figure 17 CANON MEDICAL SYSTEMS CORPORATION: Segmental Revenue

    Figure 18 CANON MEDICAL SYSTEMS CORPORATION: Geographical Revenue

    Figure 19 Carestream Health.: Key Financials

    Figure 20 Carestream Health.: Segmental Revenue

    Figure 21 Carestream Health.: Geographical Revenue

    Figure 22 Esoate SpA: Key Financials

    Figure 23 Esoate SpA: Segmental Revenue

    Figure 24 Esoate SpA: Geographical Revenue

    Figure 25 GE Healthcare: Key Financials

    Figure 26 GE Healthcare: Segmental Revenue

    Figure 27 GE Healthcare. Geographical Revenue

    Figure 28 Toshiba Medical Systems Corporation: Key Financials

    Figure 29 Toshiba Medical Systems Corporation: Segmental Revenue

    Figure 30 Toshiba Medical Systems Corporation: Geographical Revenue

    Figure 31 FUJIFILM Holdings Corporation: Key Financials

    Figure 32 FUJIFILM Holdings Corporation: Segmental Revenue

    Figure 33 FUJIFILM Holdings Corporation: Geographical Revenue

    Figure 34 Siemens Healthcare Private Limited: Key Financials

    Figure 35 Siemens Healthcare Private Limited: Segmental Revenue

    Figure 36 Siemens Healthcare Private Limited: Geographical Revenue

    Figure 37 Hitachi Medical Systems: Key Financials

    Figure 38 Hitachi Medical Systems: Segmental Revenue

    Figure 39 Hitachi Medical Systems: Geographical Revenue

    Figure 40 Hologic Inc.: Key Financials

    Figure 41 Hologic Inc.: Segmental Revenue

    Figure 42 Hologic Inc.: Geographical Revenue

    Figure 43 Shimadzu Corporation: Key Financials

    Figure 44 Shimadzu Corporation: Segmental Revenue

    Figure 45 Shimadzu Corporation: Geographical Revenue