Non-Destructive Medical Technologies Market Research Report- Forecast till 2027

Non-Destructive Medical Technologies Market Information: By Method (Echocardiography, Medical Ultrasonography, Phased Array Ultrasonic Testing, Liquid Penetrant, Digital Radiography), By Equipment (Ultrasonic Equipment, X-Ray Equipment, Infra-Red Devices, Mass Spectrometer), By Application (Diagnosis, Treatment), And By End Users (Pharmaceutical & Biotechnological Companies, Forensic Laboratories, Research Organizations) - Forecast Till 2027

ID: MRFR/HCIT/2987-HCR | February 2021 | Region: Global | 85 pages

Non-Destructive Medical Technologies Market Scenario 


Nondestructive testing has a wide array of application in healthcare since it is used to detect defects in material without damaging the material or making it unsuitable for use. Two common methods used are liquid penetrant testing (PT) and ultrasonic testing (UT). This techniques are used for detection of breast, lung, thyroid, and ovary cancer. Cancer is one of the major problems across the globe. The detection and identification of cancer has seen incredible improvements over the past several decades, offering a new lease on life to those who would have been out of luck in the past. Now, a new instrument invented named as MasSpec pen, designed, and built by researchers at the University of Texas at Austin, has revolutionized the detection of cancer. The MasSpec Pen identifies cancerous tissue by touch and can detect cancer easily.


Increasing prevalence of cancer, increasing investment of biotechnology and pharmaceutical industries in R&D, and rising need for the better diagnostic methods drives the growth of the market. There are more than 100 types of cancer, which has affected human. According to cancer research the UK in 2012, 14.1 million of new cancer cases was registered globally, which is increasing continuously. According to WHO, breast cancer is the second most common type of cancer in women. Every year 200,000 new cases are diagnosed worldwide. Prevalence of breast cancer is more common in developed countries compare with developing countries. Furthermore, rapid development in technology, increasing government support for research & development, changing lifestyle, and many adverse effects of the present diagnostic methods expected to fuel the market growth during the forecast period.


However, these types of devices has to pass all the regulatory standards and rules, which increases the approval time. The average approval time for the medical diagnostic device may vary from 5-8 years. This long approval time, high cost of the research & development and devices may hamper the market growth during the corresponding period.


The non-destructive medical technologies market is expected to grow at a CAGR of ~ 10.8 % during the forecast period 2017-2023.


Figure: Global Non-Destructive Medical Technologies Market, by Region Market Share, 2016 (%) Non-Destructive Medical Technologies Market

Sources: Annual reports, Press release, White paper, Company presentation


Key Players 


Some of key the players in the non-destructive medical technologies market are Eberlin Lab (US), Carestream Health (US), General Electric Company (US), Olympus Corporation (Japan), Element Materials Technology (US), Fischer Technology Inc. (US), Magnaflux Corporation (US),  Sonotron NDT (Israel), Zetec Inc. (US), Sonatest Ltd. (UK), and Eddyfi NDT Inc. (Canada). 


Segmentations 


The global non-destructive medical technologies market has been segmented on the basis of methods, application, products, and end user.


On the basis of methods, the non-destructive medical technologies market is segmented into echocardiography, medical ultrasonography, liquid penetrant, phased array ultrasonic testing, and digital radiography.


On the basis of equipment, the non-destructive medical technologies market is segmented into ultrasonic equipment, X-ray equipment, infra-red devices, and mass spectrometer.


On the basis of application, the market is segmented into diagnosis, and treatment.


On the basis of end user, the market is segmented into pharmaceutical & biotechnological companies, forensic laboratories, research organizations, and others.


Regional Analysis 


The Americas dominates the global non-destructive medical technologies market owing to well-developed technology, increasing prevalence of cancer, high healthcare spending, and increasing government support for research & development. Furthermore, increasing R&D activities and the presence of major companies have fuelled the growth of the market in this region.


Europe holds the second position in the global non-destructive medical technologies market, which is followed by Asia Pacific. It is expected that the government support for research & development and availability of funds for research will drive the market in Europe region. Asia Pacific is the fastest growing non-destructive medical technologies market owing to the presence of rapidly developing healthcare technology, huge patient population and high healthcare expenditure. According to a survey carried out by Pfizer, in 2012, 6.7 million of cancer cases were registered in Asia Pacific region which is increasing continuously. Due to deteriorating lifestyle, smoking, and alcoholism, prevalence of cancer is increasing in Asia Pacific region.


On the other hand, the Middle East & Africa holds the least share of the non-destructive medical technologies market due to limited availability of medical facilities, less availability of funds, and poor political conditions in Africa.


Intended Audience



  • Pharmaceutical Companies

  • Medical Devices Companies

  • Research and Development (R&D) Companies

  • Biotechnological Companies

  • Government Research Institute

  • Academic Institutes and Universities


 Research Methodology 


Non-Destructive Medical Technologies Market-


Sources: Annual reports, Press release, White paper, and Company presentation




Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   2017-2023: 10.8%
  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   Methods, Application, Products and End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Eberlin Lab (US), Carestream Health (US), General Electric Company (US), Olympus Corporation (Japan), Element Materials Technology (US), Fischer Technology Inc. (US), Magnaflux Corporation (US), Sonotron NDT (Israel), Zetec Inc. (US), Sonatest Ltd. (UK), and Eddyfi NDT Inc. (Canada)
  Key Market Opportunities

  • The Americas dominates the global non-destructive medical technologies market owing to well-developed technology, increasing prevalence of cancer, high healthcare spending, and increasing government support for research & development.
  • In Europe, The government support for research & development and availability of funds for research
  •   Key Market Drivers

  • Rapid development in technology
  • Increasing government support for research & development, changing lifestyle
  • Many adverse effects of the present diagnostic methods


  • 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 Restrains

    4.3 Opportunities

    4.4 Challenges

    4.5 Macroeconomic Indicators

    4.6 Technology Trends & Assessment


    Chapter 5. Market Factor Analysis

    5.1 Porters 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 Non-Destructive Medical Technologies Market, by Method

    6.1 Introduction

    6.2 Echocardiography

    6.2.1 Market Estimates & Forecast, 2020-2027

    6.3 Medical Ultrasonography

    6.3.1 Market Estimates & Forecast, 2020-2027

    6.4 Liquid Penetrant

    6.4.1 Market Estimates & Forecast, 2020-2027

    6.5 Phased Array Ultrasonic Testing

    6.5.1 Market Estimates & Forecast, 2020-2027

    6.6 Digital Radiography

    6.6.1 Market Estimates & Forecast, 2020-2027

    Chapter 7. Global Non-Destructive Medical Technologies Market, by Equipment

    7.1 Introduction

    7.2 Ultrasonic Equipment

    7.2.1 Market Estimates & Forecast, 2020-2027

    7.3 X-Ray Equipment

    7.3.1 Market Estimates & Forecast, 2020-2027

    7.4 Infra-Red Devices

    7.4.1 Market Estimates & Forecast, 2020-2027

    7.5 Mass Spectrometer

    7.5.1 Market Estimates & Forecast, 2020-2027

    Chapter 8. Global Non-Destructive Medical Technologies Market, by Application

    8.1 Introduction

    8.2 Diagnosis

    8.2.1 Market Estimates & Forecast, 2020-2027

    8.3 Treatment

    8.3.1 Market Estimates & Forecast, 2020-2027

    Chapter 9. Global Non-Destructive Medical Technologies Market, by End User

    9.1 Introduction

    9.2 Pharmaceutical & Biotechnological Companies

    9.2.1 Market Estimates & Forecast, 2020-2027

    9.3 Forensic Laboratories

    9.3.2 Market Estimates & Forecast, 2020-2027

    9.4 Research Organizations

    9.4.1 Market Estimates & Forecast, 2020-2027

    9.5 Others

    Chapter 10. Global Non-Destructive Medical Technologies Market, by Region

    10.1 Introduction

    10.2 Americas

    10.2.1 North America

    10.2.1.1 US

    10.2.1.1 Canada

    10.2.2 South America

    10.3 Europe

    10.3.1 Western Europe

    10.3.1.1 Germany

    10.3.1.2 France

    10.3.1.3 Italy

    10.3.1.4 Spain

    10.3.1.5 UK

    10.3.1.6 Rest of Western Europe

    10.3.2 Eastern Europe

    10.4 Asia Pacific

    10.4.1 Japan

    10.4.2 China

    10.4.3 India

    10.4.4 Australia

    10.4.5 Republic of Korea

    10.4.6 Rest of Asia Pacific

    10.5 The Middle East & Africa

    10.5.1 United Arab Emirates

    10.5.2 Saudi Arabia

    10.5.3 Oman

    10.5.4 Kuwait

    10.5.5 Qatar

    10.5.6 Rest of the Middle East & Africa

    Chapter 11 Company Landscape

    11.1 Introduction

    11.2 Market Share Analysis

    11.3 Key Development & Strategies

    11.3.1 Key Developments

    Chapter 12 Company Profiles

    12.1 Eberlin Lab

    12.1.1 Company Overview

    12.1.2 Product Overview

    12.1.3 Financials

    12.1.4 SWOT Analysis

    12.2 Carestream Health

    12.2.1 Company Overview

    12.2.2 Product Overview

    12.2.3 Financial Overview

    12.2.4 Key Developments

    12.2.5 SWOT Analysis

    12.3 General Electric Company

    12.3.1 Company Overview

    12.3.2 Product Overview

    12.3.3 Financial Overview

    12.3.4 Key Development

    12.3.5 SWOT Analysis

    12.4 Olympus Corporation

    12.4.1 Company Overview

    12.4.2 Product/Business Segment Overview

    12.4.3 Financial Overview

    12.4.4 Key Development

    12.4.5 SWOT Analysis

    12.5 Element Materials Technology

    12.5.1 Company Overview

    12.5.2 Product Overview

    12.5.3 Financial overview

    12.5.4 Key Developments

    12.6 Fischer Technology Inc.

    12.6.1 Company Overview

    12.6.2 Product Overview

    12.6.3 Financial Overview

    12.6.4 Key Developments

    12.7 Magnaflux Corporation

    12.7.1 Overview

    12.7.2 Product Overview

    12.7.3 Financials

    12.7.4 Key Developments

    12.7.5 SWOT Analysis

    12.8 Others

    Chapter 13 MRFR Conclusion

    13.1 Key Findings

    13.1.1 From CEO’s View Point

    13.1.2 Unmet Needs of the Market

    13.2 Key Companies to Watch

    13.3 Prediction of Medical Devices industry

    Chapter 14 Appendix

    LIST OF TABLES

    Table 1 Non-Destructive Medical Technologies Industry Synopsis, 2020-2027

    Table 2 Global Non-Destructive Medical Technologies Market Estimates and Forecast, 2020-2027, (USD Million)

    Table 3 Global Non-Destructive Medical Technologies Market by Region, 2020-2027, (USD Million)

    Table 4 Global Non-Destructive Medical Technologies Market by Method, 2020-2027, (USD Million)

    Table 5 Global Non-Destructive Medical Technologies Market by Equipment, 2020-2027, (USD Million)

    Table 6 Global Non-Destructive Medical Technologies Market by Application, 2020-2027, (USD Million)

    Table 7 Global Non-Destructive Medical Technologies Market by End Users, 2020-2027, (USD Million)

    Table 8 North America Non-Destructive Medical Technologies Market by Method, 2020-2027, (USD Million)

    Table 9 North America Non-Destructive Medical Technologies Market by Equipment, 2020-2027, (USD Million)

    Table 10 North America Non-Destructive Medical Technologies Market by Application, 2020-2027, (USD Million)

    Table 11 North America Non-Destructive Medical Technologies Market by End Users, 2020-2027, (USD Million)

    Table 12 US Market by Methods, 2020-2027, (USD Million)

    Table 13 US Non-Destructive Medical Technologies Market by Equipment, 2020-2027, (USD Million)

    Table 14 US Non-Destructive Medical Technologies Market by Application, 2020-2027, (USD Million)

    Table 15 US Non-Destructive Medical Technologies Market by End Users, 2020-2027, (USD Million)

    Table 16 Canada Market by Methods, 2020-2027, (USD Million)

    Table 17 Canada Non-Destructive Medical Technologies Market by Equipment, 2020-2027, (USD Million)

    Table 18 Canada Non-Destructive Medical Technologies Market by Application, 2020-2027, (USD Million)

    Table 19 Canada Non-Destructive Medical Technologies Market by End Users, 2020-2027, (USD Million)

    Table 20 South America Market by Methods, 2020-2027, (USD Million)

    Table 21 South America Non-Destructive Medical Technologies Market by Equipment, 2020-2027, (USD Million)

    Table 22 South America Non-Destructive Medical Technologies Market by Application, 2020-2027, (USD Million)

    Table 23 South America Non-Destructive Medical Technologies Market by End Users, 2020-2027, (USD Million)

    Table 24 Europe Market by Methods, 2020-2027, (USD Million)

    Table 25 Europe Non-Destructive Medical Technologies Market by Equipment, 2020-2027, (USD Million)

    Table 26 Europe Non-Destructive Medical Technologies Market by Application, 2020-2027, (USD Million)

    Table 27 Europe Non-Destructive Medical Technologies Market by End Users, 2020-2027, (USD Million)

    Table 28 Western Europe Market by Methods, 2020-2027, (USD Million)

    Table 29 Western Europe Non-Destructive Medical Technologies Market by Equipment, 2020-2027, (USD Million)

    Table 30 Western Europe Non-Destructive Medical Technologies Market by Application, 2020-2027, (USD Million)

    Table 31 Western Europe Non-Destructive Medical Technologies Market by End Users, 2020-2027, (USD Million)

    Table 32 Eastern Europe Market by Methods, 2020-2027, (USD Million)

    Table 33 Eastern Europe Non-Destructive Medical Technologies Market by Equipment, 2020-2027, (USD Million)

    Table 34 Eastern Europe Non-Destructive Medical Technologies Market by Application, 2020-2027, (USD Million)

    Table 35 Eastern Europe Non-Destructive Medical Technologies Market by End Users, 2020-2027, (USD Million)

    Table 36 Asia Pacific Market by Methods, 2020-2027, (USD Million)

    Table 37 Asia Pacific Non-Destructive Medical Technologies Market by Equipment, 2020-2027, (USD Million)

    Table 38 Asia Pacific Non-Destructive Medical Technologies Market by Application, 2020-2027, (USD Million)

    Table 39 Asia Pacific Non-Destructive Medical Technologies Market by End Users, 2020-2027, (USD Million)

    Table 40 Middle East & Africa Market by Methods, 2020-2027, (USD Million)

    Table 41 Middle East & Africa Non-Destructive Medical Technologies Market by Equipment, 2020-2027, (USD Million)

    Table 42 Middle East & Africa Non-Destructive Medical Technologies Market by Application, 2020-2027, (USD Million)

    Table 43 Middle East & Africa Non-Destructive Medical Technologies Market by End Users, 2020-2027, (USD Million)

    LIST OF FIGURES

    Figure 1 Research Process

    Figure 2 Segmentation for Global Non-Destructive Medical Technologies Market

    Figure 3 Segmentation Market Dynamics for Global Non-Destructive Medical Technologies Market

    Figure 4 Global Non-Destructive Medical Technologies market Share, by Method 2020

    Figure 5 Global Non-Destructive Medical Technologies market Share, by Equipment 2020

    Figure 6 Global Non-Destructive Medical Technologies market Share, by Application 2020

    Figure 7 Global Non-Destructive Medical Technologies Market Share, by End Users, 2020

    Figure 8 Global Non-Destructive Medical Technologies Market Share, by Region, 2020

    Figure 9 North America Non-Destructive Medical Technologies Market Share, by Country, 2020

    Figure 10 Europe Non-Destructive Medical Technologies Market Share, by Country, 2020

    Figure 11 Asia Pacific Non-Destructive Medical Technologies Market Share, by Country, 2020

    Figure 12 Middle East & Africa Non-Destructive Medical Technologies Market Share, by Country, 2020

    Figure 13 Global Non-Destructive Medical Technologies Market: Company Share Analysis, 2020 (%)

    Figure 14 Eberlin Lab: Key Financials

    Figure 15 Eberlin Lab: Segmental Revenue

    Figure 16 Eberlin Lab: Geographical Revenue

    Figure 17 Carestream Health: Key Financials

    Figure 18 Carestream Health: Segmental Revenue

    Figure 19 Carestream Health: Geographical Revenue

    Figure 20 General Electric Company: Key Financials

    Figure 21 General Electric Company: Segmental Revenue

    Figure 22 General Electric Company: Geographical Revenue

    Figure 23 Olympus Corporation: Key Financials

    Figure 24 Olympus Corporation: Segmental Revenue

    Figure 25 Olympus Corporation: Geographical Revenue

    Figure 26 Element Materials Technology: Key Financials

    Figure 27 Element Materials Technology: Segmental Revenue

    Figure 28 Element Materials Technology: Geographical Revenue

    Figure 29 Fischer Technology Inc.: Key Financials

    Figure 30 Fischer Technology Inc.: Segmental Revenue

    Figure 31 Fischer Technology Inc.: Geographical Revenue

    Figure 32 Magnaflux Corporation: Key Financials

    Figure 33 Magnaflux Corporation: Segmental Revenue

    Figure 34 Magnaflux Corporation: Geographical Revenue