Diagnostic Imaging Market

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

  • Report ID: HC-1160
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 134
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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

Global Diagnostic Imaging Market Taxonomy

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.

1. Executive Summary
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
Segments Covered in the Report:

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
By Applications
  • Neurology
  • Gynecology
  • Cardiology
  • Oncology
  • Gastroenterology
  • Orthopedics
  • Other Applications
By End-users
  • Diagnostic Imaging Centers
  • Specialty Clinics
  • Hospitals
  • Others
By Regions
  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East & Africa
By Key Players
  • 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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