Global Diagnostic Imaging Market by Product Types (MRI [High and Very high field MRI Systems, Ultra High Field MRI Systems, and Low and midfield MRI systems], Computed Tomography [Low End Scanners, Mid-Range Scanners, and High End Scanners], Ultrasound [3D Ultrasound, 2D Ultrasound, and Others], X-Ray [Digital System and Analog System], Nuclear Imaging [Single Photon Emission Computed Tomography and Positron Emission Tomography], Fluoroscopy, and Mammography), Applications (Neurology, Gynecology, Cardiology, Oncology, Gastroenterology, Orthopedics, and Other Applications), End-users (Diagnostic Imaging Centers, Specialty Clinics, Hospitals, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global diagnostic imaging market size is anticipated to expand at 6.1% CAGR during the forecast period, 2021–2028. The growth of the market is attributed to growing use of advanced medical imaging technology, increasing prevalence of chronic diseases, and rising geriatric population.
Diagnostic imaging is well-known across the globe, due to a large number of devices such as X-ray, MRI, CT scan, and other devices used for viewing various structures within the body and determine the presence of tumor in case of cancer. In the fields of orthopedics, cancer, dentistry, and other key areas of medicine, diagnostic imaging technologies have various advantages. These devices keep track of the progress of the disease, assisting the healthcare clinician in determining the best course of action. The global burden of chronic diseases is increasing and medical imaging technologies are necessary for accurate chronic disease detection. New therapeutic and diagnostic technologies are being developed that deliver exact results, aid in early disease identification, and reduce the cost of treating these diseases. The global market has been affected by the Covid-19 outbreak. Fall in the number of patient visits to hospitals around the world harmed several segments of the diagnostic imaging market.
Market Trends, Drivers, Restraints, and Opportunities:
Drivers
- Increasing technology advances in diagnostic imaging equipment are anticipated to propel the market in the coming years. Increasing adoption of modern AI-enabled diagnostic equipment for speedy diagnosis and predictive analysis in developed countries contribute to the growth of the market.
- Rising demand for early-stage diagnosis of chronic diseases and growing geriatric population are projected to boost the market during the forecast period.
- Increasing chronic disorders such as cardiovascular diseases, cancer, and diabetes are becoming more common, which are anticipated to fuel the market in the coming years.
Restraints
- Continuous product recalls in imaging equipment is expected to restrict the market growth during the forecast period.
Scope of the Report
The report on the global diagnostic imaging market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Trends, and Revenue Forecast |
Global Diagnostic Imaging Market Segment Insights
Based on product types, the market is divided into MRI, computed tomography, ultrasound, x-ray, nuclear imaging, fluoroscopy, and mammography. In 2019, the X-ray equipment segment dominated the diagnostic imaging market. Rising usage of interventional x-ray equipment, such as C-arms and others for image-guided surgeries is expected to drive the growth of this segment. C-arm advancements such as tiny c-arms based on digital radiography and flat-panel detectors aid in increasing the global demand for x-ray equipment. The ultrasound equipment segment is expected to rise at a significant CAGR throughout the forecast period, due to increased demand for modern equipment from healthcare settings around the world. New ergonomic models with clinical dominance, such as portable ultrasonography, are brought into the market.
In terms of applications, the global diagnostic imaging market is segregated into neurology, gynecology, cardiology, oncology, gastroenterology, orthopedics, and other applications. The oncology imaging segment is anticipated to dominate the market during the forecast period, due to rising cancer prevalence around the world, as well as increasing focus on early cancer detection and diagnosis.
Based on end-users, the market is segmented into diagnostic imaging centers, specialty clinics, hospitals, and others. The diagnostic imaging centers segment is projected to represent a key share of the market during the forecast period, as the number of diagnostic imaging centers is increasing in both industrialized and developing countries.
On the basis of regions, the global diagnostic imaging market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America holds a significant proportion of the diagnostic imaging market and the market is expected to grow at a significant CAGR during the forecast period, due to rising technical advancements, high population affordability, and an annual increase in the number of diagnostic treatments.
The market in Asia Pacific is predicted to develop at a rapid CAGR during the forecast period, due to increased prevalence of chronic diseases and the need for improved diagnostic equipment. Furthermore, in Asia Pacific, a large and aging installed base of imaging equipment provides a lucrative opportunity for market players.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Diagnostic Imaging Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Diagnostic Imaging Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Diagnostic Imaging Market - Supply Chain
4.5. Global Diagnostic Imaging Market Forecast
4.5.1. Diagnostic Imaging Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Diagnostic Imaging Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Diagnostic Imaging Market Absolute $ Opportunity
5. Global Diagnostic Imaging Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Diagnostic Imaging Market Size and Volume Forecast by Types
5.3.1. MRI
5.3.2. Computed Tomography
5.3.3. Ultrasound
5.3.4. X Ray
5.3.5. Nuclear Imaging
5.3.6. Fluoroscopy
5.3.7. Mammography
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Diagnostic Imaging Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Diagnostic Imaging Market Size and Volume Forecast by Applications
6.3.1. Neurology
6.3.2. Gynecology
6.3.3. Cardiology
6.3.4. Oncology
6.3.5. Gastroenterology
6.3.6. Orthopedics
6.3.7. Other Applications
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Diagnostic Imaging Market Analysis and Forecast by End Users
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by End Users
7.2.2. Y-o-Y Growth Projections by End Users
7.3. Diagnostic Imaging Market Size and Volume Forecast by End Users
7.3.1. Diagnostic Imaging Centers
7.3.2. Specialty Clinics
7.3.3. Hospitals
7.3.4. Others
7.4. Absolute $ Opportunity Assessment by End Users
7.5. Market Attractiveness/Growth Potential Analysis by End Users
8. Global Diagnostic Imaging Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Diagnostic Imaging Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Diagnostic Imaging Demand Share Forecast, 2019-2026
9. North America Diagnostic Imaging Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Diagnostic Imaging Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Diagnostic Imaging Market Size and Volume Forecast by Types
9.4.1. MRI
9.4.2. Computed Tomography
9.4.3. Ultrasound
9.4.4. X Ray
9.4.5. Nuclear Imaging
9.4.6. Fluoroscopy
9.4.7. Mammography
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. North America Diagnostic Imaging Market Size and Volume Forecast by Applications
9.7.1. Neurology
9.7.2. Gynecology
9.7.3. Cardiology
9.7.4. Oncology
9.7.5. Gastroenterology
9.7.6. Orthopedics
9.7.7. Other Applications
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. North America Diagnostic Imaging Market Size and Volume Forecast by End Users
9.10.1. Diagnostic Imaging Centers
9.10.2. Specialty Clinics
9.10.3. Hospitals
9.10.4. Others
9.11. Basis Point Share (BPS) Analysis by End Users
9.12. Y-o-Y Growth Projections by End Users
9.13. Market Attractiveness/Growth Potential Analysis
9.13.1. By Country
9.13.2. By Product Type
9.13.3. By Application
9.14. North America Diagnostic Imaging Demand Share Forecast, 2019-2026
10. Latin America Diagnostic Imaging Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Diagnostic Imaging Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Diagnostic Imaging Market Size and Volume Forecast by Types
10.4.1. MRI
10.4.2. Computed Tomography
10.4.3. Ultrasound
10.4.4. X Ray
10.4.5. Nuclear Imaging
10.4.6. Fluoroscopy
10.4.7. Mammography
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Latin America Diagnostic Imaging Market Size and Volume Forecast by Applications
10.7.1. Neurology
10.7.2. Gynecology
10.7.3. Cardiology
10.7.4. Oncology
10.7.5. Gastroenterology
10.7.6. Orthopedics
10.7.7. Other Applications
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Latin America Diagnostic Imaging Market Size and Volume Forecast by End Users
10.10.1. Diagnostic Imaging Centers
10.10.2. Specialty Clinics
10.10.3. Hospitals
10.10.4. Others
10.11. Basis Point Share (BPS) Analysis by End Users
10.12. Y-o-Y Growth Projections by End Users
10.13. Market Attractiveness/Growth Potential Analysis
10.13.1. By Country
10.13.2. By Product Type
10.13.3. By Application
10.14. Latin America Diagnostic Imaging Demand Share Forecast, 2019-2026
11. Europe Diagnostic Imaging Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Diagnostic Imaging Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Diagnostic Imaging Market Size and Volume Forecast by Types
11.4.1. MRI
11.4.2. Computed Tomography
11.4.3. Ultrasound
11.4.4. X Ray
11.4.5. Nuclear Imaging
11.4.6. Fluoroscopy
11.4.7. Mammography
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Europe Diagnostic Imaging Market Size and Volume Forecast by Applications
11.7.1. Neurology
11.7.2. Gynecology
11.7.3. Cardiology
11.7.4. Oncology
11.7.5. Gastroenterology
11.7.6. Orthopedics
11.7.7. Other Applications
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Europe Diagnostic Imaging Market Size and Volume Forecast by End Users
11.10.1. Diagnostic Imaging Centers
11.10.2. Specialty Clinics
11.10.3. Hospitals
11.10.4. Others
11.11. Basis Point Share (BPS) Analysis by End Users
11.12. Y-o-Y Growth Projections by End Users
11.13. Market Attractiveness/Growth Potential Analysis
11.13.1. By Country
11.13.2. By Product Type
11.13.3. By Application
11.14. Europe Diagnostic Imaging Demand Share Forecast, 2019-2026
12. Asia Pacific Diagnostic Imaging Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Diagnostic Imaging Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Diagnostic Imaging Market Size and Volume Forecast by Types
12.4.1. MRI
12.4.2. Computed Tomography
12.4.3. Ultrasound
12.4.4. X Ray
12.4.5. Nuclear Imaging
12.4.6. Fluoroscopy
12.4.7. Mammography
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Asia Pacific Diagnostic Imaging Market Size and Volume Forecast by Applications
12.7.1. Neurology
12.7.2. Gynecology
12.7.3. Cardiology
12.7.4. Oncology
12.7.5. Gastroenterology
12.7.6. Orthopedics
12.7.7. Other Applications
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Asia Pacific Diagnostic Imaging Market Size and Volume Forecast by End Users
12.10.1. Diagnostic Imaging Centers
12.10.2. Specialty Clinics
12.10.3. Hospitals
12.10.4. Others
12.11. Basis Point Share (BPS) Analysis by End Users
12.12. Y-o-Y Growth Projections by End Users
12.13. Market Attractiveness/Growth Potential Analysis
12.13.1. By Country
12.13.2. By Product Type
12.13.3. By Application
12.14. Asia Pacific Diagnostic Imaging Demand Share Forecast, 2019-2026
13. Middle East & Africa Diagnostic Imaging Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Middle East & Africa Average Pricing Analysis
13.2. Middle East & Africa Diagnostic Imaging Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Diagnostic Imaging Market Size and Volume Forecast by Types
13.4.1. MRI
13.4.2. Computed Tomography
13.4.3. Ultrasound
13.4.4. X Ray
13.4.5. Nuclear Imaging
13.4.6. Fluoroscopy
13.4.7. Mammography
13.5. Basis Point Share (BPS) Analysis by Types
13.6. Y-o-Y Growth Projections by Types
13.7. Middle East & Africa Diagnostic Imaging Market Size and Volume Forecast by Applications
13.7.1. Neurology
13.7.2. Gynecology
13.7.3. Cardiology
13.7.4. Oncology
13.7.5. Gastroenterology
13.7.6. Orthopedics
13.7.7. Other Applications
13.8. Basis Point Share (BPS) Analysis by Applications
13.9. Y-o-Y Growth Projections by Applications
13.10. Middle East & Africa Diagnostic Imaging Market Size and Volume Forecast by End Users
13.10.1. Diagnostic Imaging Centers
13.10.2. Specialty Clinics
13.10.3. Hospitals
13.10.4. Others
13.11. Basis Point Share (BPS) Analysis by End Users
13.12. Y-o-Y Growth Projections by End Users
13.13. Market Attractiveness/Growth Potential Analysis
13.13.1. By Country
13.13.2. By Product Type
13.13.3. By Application
13.14. Middle East & Africa Diagnostic Imaging Demand Share Forecast, 2019-2026
14. Competition Landscape
14.1. Global Diagnostic Imaging Market: Market Share Analysis
14.2. Diagnostic Imaging Distributors and Customers
14.3. Diagnostic Imaging Market: Competitive Dashboard
14.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
14.4.1. Koninklijke Philips N.V.
14.4.2. GE Healthcare
14.4.3. Hologic Corporation
14.4.4. Mindray Medical International Limited
14.4.5. Siemen Healthineers
14.4.6. Hitachi Medical Systems
By Product Types
- MRI
- Ultra-High Field MRI Systems
- Low and midfield MRI systems
- High and Very high field MRI Systems
- Computed Tomography
- Low End Scanners
- Mid-Range Scanners
- High End Scanners
- Ultrasound
- 3D Ultrasound
- 2D Ultrasound
- Others
- X Ray
- Digital System
- Analog System
- Nuclear Imaging
- Single Photon Emission Computed Tomography
- Positron Emission Tomography
- Fluoroscopy
- Mammography
- Neurology
- Gynecology
- Cardiology
- Oncology
- Gastroenterology
- Orthopedics
- Other Applications
- Diagnostic Imaging Centers
- Specialty Clinics
- Hospitals
- Others
- Asia Pacific
- North America
- Europe
- Latin America
- Middle East & Africa
- Koninklijke Philips N.V.
- GE Healthcare
- Hologic Corporation
- Mindray Medical International Limited
- Siemen Healthineers
- Hitachi Medical Systems
The market is fragmented, due to the presence of multiple participants in the industry. Some of the primary factors attributed to the global growth of the market include a diversified portfolio of medical imaging equipment and a strong and widespread global distribution network.
Some of the key players in the market are Koninklijke Philips N.V., GE Healthcare, Hologic Corporation, Mindray Medical International Limited, Siemen Healthineers, and Hitachi Medical Systems. Market players are concentrating their efforts on R&D to develop technologically enhanced products with low costs and negative effects.
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