Medical/Diagnostic Imaging Market By Product Type (CT Scanners, X ray Imaging Systems, MRI Systems, Ultrasound Imaging Systems, Nuclear Imaging Systems, Mammography Systems), By Application (Obstetrics and Gynecology Health, Orthopedics and Musculoskeletal, Neuro and Spine, Cardiovascular and Thoracic, General Imaging, Breast Health, Others): Global Opportunity Analysis and Industry Forecast, 2020-2030
The global medical/diagnostic imaging market was valued at $38,514.8 million in 2020, and is projected to reach $68,826.6 million by 2030, registering a CAGR of 5.8% from 2021 to 2030.
Medical/diagnostic imaging is the use of electromagnetic radiation and certain other technologies to produce images of internal structures of the body for the purpose of accurate diagnosis. Diagnostic imaging is roughly equivalent to radiology, the branch of medicine that uses radiation to diagnose and treat diseases.
The increase in prevalence of chronic diseases such as cancer, cardiovascular disease globally drives the growth of medical/diagnostic imaging market. For instance, according to World Health Organization (WHO), it was reported that cancer is one of the leading cause of death worldwide, accounting for nearly 10 million deaths in 2020, which is nearly one in six deaths. In addition, increase in healthcare expenditure and rise in demand for advanced imaging for accurate diagnosis propels the growth of medical/diagnostic imaging market. The increase in R&D activities to use the advanced technology in diagnosis of disease contributes in the growth of market. Furthermore, rise in number of hospitals and well-developed healthcare infrastructure contributes in market growth.
In addition, advancement in technology in medical imaging system and surge in product launch contribute to the growth of the medical/diagnostic imaging market. However, the high cost of medical imaging technology is expected to limit the growth of market.
The medical/diagnostic imaging market is segmented on the basis of product type, application, and region. By product type, the market is mainly categorized into MRI systems, Ultrasound imaging systems, X-ray imaging systems, CT Scanners, Nuclear imaging systems, and mammography systems. MRI systems segment is further classified into MRI architecture and MRI field strength. MRI architecture is further bifurcated into closed MRI systems and open MRI systems. MRI field strength is categorized by low to mid field systems, high field systems, very high field systems, and field systems. Ultrasound imaging systems is divided into 2D imaging systems, 3D & 4D imaging systems, Doppler imaging, high-intensity focused ultrasound (HIFU), and Extracorporeal Shock Wave Lithotripsy (ESWL). X-ray imaging systems are further divided into probability based x-ray imaging systems and technology based x-ray imaging systems. Portability based X-Ray imaging systems is categorized into stationary devices and portable devices. Technology based X-Ray imaging systems is further divided into digital imaging and analog imaging. CT scanners segment is fragmented into high end slice, mid end slice and low end slice. Nuclear imaging systems segment is further categorized into PET and SPECT. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Canon Inc. (Canon Medical Systems USA, Inc.), Carestream Health, Inc., Esaote SpA, General Electric Company (GE Healthcare), Hitachi Ltd. (Hitachi Healthcare America Corporation), Hologic, Inc., Koninklijke Philips N.V., Materialise NV, Planmeca OY and Siemens AG.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the medical/diagnostic imaging market analysis from 2020 to 2030 to identify the prevailing medical/diagnostic imaging market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the medical/diagnostic imaging market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global medical/diagnostic imaging market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
CT Scanners
X ray Imaging Systems
MRI Systems
Ultrasound Imaging Systems
Nuclear Imaging Systems
Mammography Systems
By Application
Obstetrics and Gynecology Health
Orthopedics and Musculoskeletal
Neuro and Spine
Cardiovascular and Thoracic
General Imaging
Breast Health
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
United Kingdom
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
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