Diagnostic Imaging Market

Diagnostic Imaging Market by Product (Magnetic Resonance Imaging (MRI) Systems, X-ray Imaging Systems, Ultrasound Systems, Computed Tomography (CT) Scanners, Nuclear Imaging Systems, and Mammography Systems), End-User (Hospitals, Diagnostic Imaging Centers, and Ambulatory Surgical Centers (ASCs)) – Global Outlook & Forecast 2021-2031

GR - 380175 Category: Medical Devices

Number of pages: 100 | Report Format: PDF | Published date: 28 January, 2022

Historical Years – 2018 & 2019 | Base Year – 2020 | Forecasted Years – 2021-2031

Report Overview

The global diagnostic imaging market was pegged at US$ 27.05 billion in 2020 and is expected to witness a CAGR of 5.3% during the forecast period.

Market Fundamentals

Accurate diagnosis of disease plays a critical role in both curative and palliative care. Diagnostic imaging encompasses different imaging modalities that help healthcare professionals look inside the patient's body for diagnostic and treatment purposes. Different types of diagnostic imaging include x-ray, computed tomography (CT), magnetic resonance imaging (MRI), ultrasound, nuclear medicine, and bone density scans, among others. Over the years, diagnostic imaging has greatly helped in disease diagnosis and treatment planning. Now, with the growing digitalization of imaging techniques across the globe, they are likely to bring an unprecedented transformation in inpatient care in the coming years.

[2302302]

Market Dynamics

The global diagnostic imaging market is mainly driven by the rising geriatric population and associated disorders, increasing demand for early disease diagnosis, and the growing prevalence of chronic diseases. Moreover, the integration of artificial intelligence (AI) in healthcare, technological advancements, and the launch of technologically advanced imaging modalities are some other key factors driving the growth of the diagnostic imaging market. However, factors such as the high cost of imaging systems, increasing regulatory burden, and the dearth of skilled professionals for handling the advanced imaging systems are likely to restrain the market growth.

Market Ecosystem

The global diagnostic imaging market has been analyzed from three perspectives: Product, End User, and Region.

Diagnostic Imaging Market by Product

Based on the product type, the diagnostic imaging market has been segmented into magnetic resonance imaging (MRI) systems, x-ray imaging systems, ultrasound systems, computed tomography (CT) scanners, nuclear imaging systems, and mammography systems. MRI systems dominated the diagnostic imaging market in 2020. The large share of this segment can be attributed to the increasing preference for minimally invasive diagnostic imaging procedures and the launch of technologically advanced products. Each of the above-mentioned imaging modalities is further sub-segmented based on the type and applications.

Diagnostic Imaging Market by End User

[12121212]

Based on end-user, the market has been segmented into hospitals, diagnostic imaging centers, ambulatory surgical centers (ASCs), and other end users. Hospitals held the largest market share in the diagnostic imaging market owing to factors such as the large number of diagnostic procedures being performed in hospitals and the rising adoption of technologically advanced imaging systems in the hospitals.

Diagnostic Imaging Market by Region

Based on the region, the global diagnostic imaging market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America held the largest market share in the global diagnostic imaging market. Factors attributing to the growth in this region include highly developed healthcare infrastructure, rising geriatric population, increasing prevalence of chronic diseases, and higher awareness regarding early diagnosis of the disease.

Competitive Landscape

Some of the prominent players operating in the global diagnostic imaging market includes:-

Koninklijke Philips N.V
Siemens Healthcare Private Limited
General Electric Company
Hitachi, Ltd
Hologic, Inc
Canon Medical Systems Corporation
Shimadzu Corporation
Fujifilm Holdings Corporation
Carestream Health
Curvebeam, among others

Strategic Developments

In Nov 2020, Siemens Healthcare introduced a new class of magnetic resonance imaging (MRI) systems called "High-V MRI." The company also launched Magnetom Free. Max, a compact and lightweight whole-body MRI.
In Aug 2020, Canon Medical Systems launched the mobile digital X-ray system 'SOLTUS 500'. The system is FDA approved and has a compact design with greater efficiency and patient safety.
In May 2020, Koninklijke Philips N.V. launched an ultrasound solution for pediatric applications. The new system provides highly detailed images and performance for an accurate diagnosis of pediatric patients.

Report Scope

Report Attribute	Details
Historical Period	2018 & 2019
Base year for estimation	2020
Forecast period	2021-2031
Market size in 2020	USD 27.05 billion
Market size in 2031	USD 47.76 billion
Growth Rate	CAGR of 5.3% during the forecast period 2022-2030
Segments covered	Product Type, End-User
Regional scope	North America, Europe, Asia Pacific, and the Rest of the World (RoW)

Frequently Asked Questions About This Report

The global diagnostic imaging market was estimated to clock US$ 27.05 billion in 2020

The diagnostic imaging market is projected to reach US$ 47.76 billion by 2031

Koninklijke Philips N.V, Siemens Healthcare Private Limited, General Electric Company, Hitachi, Ltd, Hologic, Inc, Canon Medical Systems Corporation, Shimadzu Corporation, Fujifilm Holdings Corporation, Carestream Health, Curvebeam

The growth rate of diagnostic imaging market is CAGR of 5.3% between 2021-2031

North America held the largest market share of the global diagnostic imaging market in 2020

INTRODUCTION
1. Market Ecosystem
2. Geographic Scope
3. Timeline Under Consideration
  1. Historical Years – 2018 & 2019
  2. Base Year – 2020
  3. Forecasted Years – 2021 to 2031
4. Currency Used in the Report
RESEARCH METHODOLOGY
1. Research Approach
2. Data Collection Methodology
3. Data Sources
  1. Secondary Sources
  2. Primary Sources
4. Market Estimation Approach
  1. Bottom Up
  2. Top Down
5. Market Forecasting Model
6. Limitations and Assumptions
PREMIUM INSIGHTS
1. Current Market Trend (COVID-19 Perspective)
2. Key Players & Their Competitive Positioning (2020)
MARKET DYNAMICS
1. Drivers
2. Restraints
3. Opportunities
GLOBAL DIAGNOSTIC IMAGINGMARKET – ANALYSIS & FORECAST, BY PRODUCT
1. Magnetic Resonance Imaging (MRI) Systems
  1. By Type
    1. Closed MRI
    2. Open MRI
  2. By Application
    1. Neurological MRI
    2. Spine & Musculoskeletal MRI
    3. Pelvic & Abdominal MRI
    4. Vascular MRI
    5. Cardiac MRI
2. X-ray Imaging Systems
  1. By Type
    1. X-ray Digital Imaging Systems
      1. Direct Radiography (DR)
      2. Computed Radiography (CR)
    2. X-ray Analog Imaging Systems
  2. By Application
    1. General Radiography
    2. Fluoroscopy
    3. Dental
3. Ultrasound Systems
  1. By Type
    1. 2D Ultrasound
    2. 3D and 4D Ultrasound
    3. Doppler Ultrasound
  2. By Application
  3. General Imaging/Radiology
  4. Obstetrics/Gynecology
  5. Cardiology
  6. Urology
  7. Other Applications
4. Computed Tomography (CT) Scanners
  1. By Type
    1. Conventional CT systems
    2. Cone Beam CT Systems (CBCT)
  2. By Application
    1. Oncology
    2. Cardiology
    3. Musculoskeletal
    4. Neurology
  3. Other Applications
5. Nuclear Imaging Systems
  1. By Type
    1. SPECT Systems
      1. Standalone SPECT Systems
      2. Hybrid SPECT Systems
    2. Hybrid PET Systems
  2. By Application
    1. Cardiology
    2. Oncology
    3. Neurology
    4. Other Applications
6. Mammography Systems
GLOBAL DIAGNOSTIC IMAGING MARKET – ANALYSIS & FORECAST, BY END-USER
1. Hospitals
2. Diagnostic Imaging Centers
3. Ambulatory Surgical Centers (ASCs)
4. Other End Users
GLOBAL DIAGNOSTIC IMAGING MARKET – ANALYSIS & FORECAST, BY REGION
1. North American Diagnostic Imaging Market
  1. North American Diagnostic Imaging Market, By Country
    1. US
    2. Canada
  2. North American Diagnostic Imaging Market, By Product
  3. North American Diagnostic Imaging Market, By End User
2. European Diagnostic Imaging Market
  1. European Diagnostic Imaging Market, By Country/Region
    1. Germany
    2. UK
    3. France
    4. Rest of Europe (ROE)
  2. European Diagnostic Imaging Market, By Product
  3. European Diagnostic Imaging Market, By End User
3. Asia Pacific Diagnostic Imaging Market
  1. Asia Pacific Diagnostic Imaging Market, By Country/Region
    1. China
    2. Japan
    3. India
    4. Rest of Asia Pacific (RoAPAC)
  2. Asia Pacific Diagnostic Imaging Market, By Product
  3. Asia Pacific Diagnostic Imaging Market, By End User
4. Rest of the World (RoW) Diagnostic Imaging Market
  1. Rest of the World Diagnostic Imaging Market, By Region
    1. Latin America
    2. Middle East & Africa
  2. Rest of the World Diagnostic Imaging Market, By Product
  3. Rest of the World Diagnostic Imaging Market, By End User
COMPANY PROFILES
1. Koninklijke Philips N.V.
  1. Business Snapshot
  2. Products Offered
  3. Financial Details*
  4. Strategic Developments
2. Siemens Healthcare Private Limited
3. General Electric Company
4. Hitachi, Ltd.
5. Hologic, Inc.
6. Canon Medical Systems Corporation
7. Shimadzu Corporation
8. Fujifilm Holdings Corporation
9. Carestream Health.
10. Curvebeam

*Insights on financial performance is subject to availability of information in the public domain

Single User License

Multi User License

Enterprise User License

$4,750.00

Growth+Reports can now be customized as per client’s needs through GRG Health’s primary research and knowledge services capabilities

GRG Health’s unique GrowthMIX approach and robust research methodology helps us deliver unique & meaningful insights to our clients and uncover trends that won’t meet the standard approach

Ask For Customization Check Discount Inquire Before Buying

Diagnostic Imaging Market

Report Overview

Report Scope

Frequently Asked Questions About This Report

Table of Contents