Medical Digital Imaging Devices Market Research Report- Forecast till 2027

Medical Digital Imaging Devices Market Research Report Information by Type (X-Ray, Ultrasound, Nuclear Imaging, MRI), Technology (2D, B/Color, 3D/4D), End User (Hospitals, Clinics, Diagnostic Centers and others) and Region - Forecast till 2027

ID: MRFR/HC/6408-HCR | February 2021 | Region: Global | 90 pages         

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Medical Digital Imaging Devices Market Scenario


The Medical Digital Imaging Devices Market is expected to grow significantly over the forecast period. The market held a market value of USD 12.9 billion in 2017 and is projected to register a CAGR of 6.52% over the forecast period. Medical digital imaging devices are devices used to image the body to obtain a correct diagnosis and determine future care. The growing demand for medical digital imaging devices is due to factors such as increasing incidence and prevalence of chronic diseases across the globe, technological advancements in the imaging systems, growing government investments for modernization of imaging facilities, and the rising number of diagnostic imaging centers are driving the market growth of diagnostic imaging. However, the high cost of diagnostic imaging systems, technological limitations associated with standalone systems, and unfavorable healthcare reforms in the US are the key factors limiting the growth of the medical digital imaging devices market.  


Medical Digital Imaging Devices Market Segmentation


The Medical Digital Imaging Devices Market has been segmented into type, technology, and end user.


By type, the market has been segmented into X-ray, Computed Tomography, Ultrasound, MRI and Nuclear Imaging. The X-ray segment is expected to register the highest CAGR during the forecast period due to technological advancements.


On the basis of technology, the market has been segmented into 2D, B/W, Color, and 3D/4D.


The market, by end user, has been segmented into hospitals & clinics, diagnostic center, and others.


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


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


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


Medical Digital Imaging Devices Market Company Profiles



  • Koninklijke Philips N.V.

  • GE Healthcare

  • Siemens Healthineers

  • Esaote SPA

  • Canon Medical Systems Corporation

  • Hologic

  • Hitachi

  • Shimadzu


Regional Market Summary


Medical Digital Imaging Devices Global Market Share (%), by Region, 2018  Medical Digital Imaging Devices Market_Image


Source: White Papers, Company Presentations, Annual Reports


The Americas is the market leader and has an attractive for medical digital imaging devices market is owing to the increasing prevalence of cardiovascular, neurological and ophthalmic disorders pertaining to rising geriatric population which is a major trigger factor. For instance, according to the US Census Bureau, in 2016, around 49.2 million residents were aged 65 and above. This huge older population led to over 15.2% of the total population which is likely to drive the market. Furthermore, the Americas is witnessing rampant advancements in technology, and increasing government initiatives, and funding for research in the medical devices sector is driving the medical digital imaging devices market growth.


Europe accounts for the second largest market and holds a healthy share in the global medical digital imaging devices market due to major driving factors like availability of advanced treatment facilities, increasing healthcare expenditure, and flourishing medical device industry due to the presence of major market players. Additionally, the rising prevalence of chronic disorders such as cardiovascular disorders, neurological disorders, among other disorders is driving the growth of the market.  


Asia-Pacific is expected to be the fastest growing market, owing to the huge patient pool, a faster adaptation of healthcare technology, government initiatives to increase the healthcare quality, and availability of favorable insurance policies. Moreover, due to lower cost of clinical trials, research key players have been setting up their regional headquarters and manufacturing plants in Singapore, China, Japan, Korea, and Australia which make a positive growth curve in medical digital imaging devices market in future.


The Middle East & Africa is expected to show the least growth in the market due to some major factors such as lack of awareness, limited access and availability of treatment facilities. In the Middle East, the United Arab Emirates and Saudi Arabia is the largest market share owing to the development of the healthcare industry and the rising availability of specialty care centers.


Global Medical Digital Imaging Devices Market, by Type



  • X-ray

  • Computed Tomography

  • Ultrasound

  • MRI

  • Nuclear Imaging


Global Medical Digital Imaging Devices Market, by Technology



  • 2D

  • B/W

  • Color

  • 3D/4D


 Global Medical Digital Imaging Devices Market, by End User



  • Hospitals & Clinics

  • Diagnostic Center

  • Others


Global Medical Digital Imaging Devices Market, by Region



  • Americas

    • North America

      • US

      • Canada



    • Latin 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




Intended Audience



  • Medical device manufacturer

  • Channel partners

  • Industry association

  • Governments and investment communities

  • Research organizations and associations

  • Healthcare industry



Report Scope:
Report Attribute/Metric Details
  Market Size   20217: USD 51,875.84 billion
  CAGR   2019-2023: 6.52%
  Base Year   2019
  Forecast Period   2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Technology, And End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers, Esaote SPA, Canon Medical Systems Corporation, Hologic, Hitachi, Shimadzu
  Key Market Opportunities   Research & development Activities
  Key Market Drivers   Increasing prevalence of chronic diseases, growing government investments, and technological advances


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Frequently Asked Questions (FAQ) :

The medical digital imaging devices market is projected to grow at a 7.1% CAGR between 2019-2024.

The Americas is expected to spearhead the medical digital imaging devices market.

Increasing prevalence of chronic diseases, growing government investments, and technological advances are boosting market growth.

Unfavorable healthcare reforms and high cost may deter the medical digital imaging devices market growth.

Diagnostic centers and hospitals & clinics are the different end user industries of medical digital imaging devices.