Medical Imaging Devices Market – 2019-2025
Market Overview
Global medical imaging market was approximately USD 34 billion in 2018 and is expected to generate around USD 48.6 billion by 2025, at a CAGR of around 5.2% between 2019 and 2025.
The medical imaging technology is a part of biological imaging and uses various technologies, such as x-ray scan, MRI, CT-scan, etc., to diagnose diseases and help doctors/physicians decide the course of treatment. Medical imaging is perceived to view and analyze the internal aspects of the body with various sets of techniques that non-invasively produce images. This technology is also used for follow-up sessions after the disease is diagnosed or treated. The growing investments made by governments of emerging countries and technological advancements witnessed in medical imaging are expected to fuel the growth of the medical imaging market globally. Additionally, the increase in the awareness of early-stage detection of diseases and the rise in the aging population are also anticipated to fuel the global medical imaging market. However, the high costs of setup and machine may hinder the medical imaging market development.
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Medical Imaging Industry Key Players:
Philips Healthcare
GE Healthcare
Shimadzu
Varian Medical
Siemens Healthineers
Toshiba
Carestream
Aribex
Ziehm
On the basis of product, the medical imaging market includes magnetic resonance imaging, nuclear computed tomography scanners, imaging equipment, ultrasound systems, x-ray devices, and digital imaging. In 2018, x-ray devices contributed almost 27.5% of the total revenue generated by the medical imaging market globally. The x-ray devices segment is expected to lead the global market in the future, due to their ubiquitous usage and assistance in the diagnosis of various diseases. Increase in the prevalence of orthopedic injuries and accidents, less exposure to radiation, and higher quality of images have also fueled the growth of x-ray devices. The nuclear imaging equipment segment is expected to show fast growth in the years ahead, due to the on-going developments witnessed in new radiotracers and the rising prevalence of cancer and cardiovascular diseases. The application segment includes diagnostics center, community health services, hospitals, research institutes, clinics, and others.
Hospitals have a large patient pool that is suffering from various chronic diseases. For the diagnosis and treatment of these diseases, hospitals have a greater number of medical imaging technologies as compared to their counterparts. Thus, the hospitals are expected to dominate the global market in the upcoming years.
This report provides comprehensive analysis of Medical Imaging Industry Statistics
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs
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North America is anticipated to dominate the global medical imaging market over the forecast time period, owing to the growing awareness about preventive care, technological advancement in imaging technology, and the rising number of diagnostic centers. The increase in the geriatric population, which is generally prone to chronic diseases, is also driving the North American medical imaging market. The U.S. is the largest medical imaging market globally due to the higher disposable income of the people. The launch of new innovative equipment by major companies and the rapid increase in the adoption of medical imaging technology by the medical industry are also expected to drive this region’s medical imaging market.
Europe is expected to grow at a significant rate in the future, owing to the growing prevalence of chronic diseases, increasing adoption of medical imaging devices, and rising awareness about medical imaging devices. The key players are engaged in technological advancements in the medical imaging devices in this region. For instance, in CT, image resolution is already high that leaves little to no room for technological advancements, but the manufacturers are focusing on the reduction of radiation and contrast both and obtain high-quality images with these changes.
Asia Pacific is expected to show the highest CAGR over the forecast time period in the global medical imaging market. The presence of a huge patient pool and rise in the number of hospitals and diagnostic centers in China, Japan, and India are anticipated to fuel the medical imaging market in the Asia Pacific. There is an increase in the chances of treatment of chronic disorders when they are detected early. Therefore, the healthcare sector and government organizations in developing countries of this region are focusing on the early detection of chronic disorders instead of spending on treatments. Additionally, government organizations are also conducting programs to create awareness for early diagnosis of chronic diseases, which is expected to further fuel this region’s medical imaging market.
The Middle East and Africa and Latin America are expected to witness low growth over the forecast timeline. Increase in the number of patients, rise in the awareness about healthcare, and growth in R&D investments are anticipated to drive the medical imaging market in these regions.
Global Medical Imaging Market: Product Analysis
- Nuclear Imaging Equipment
- Computed Tomography Scanners
- X-Ray Devices
- Ultrasound Systems
- Digital Imaging
- Magnetic Resonance Imaging
Medical Imaging Market: Application Analysis
- Diagnostics Center
- Community Health Services
- Hospitals
- Research Institutes
- Clinics
- Others
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics Supply and demand
Market size Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
Available Customizations Of Imaging Industry:
With the given market data, We offers customizations as per the company’s specific needs. The following customization options are available for the report:
- Product Analysis: Product matrix, which gives a detailed comparison of the product portfolios of each company
- Geographic Analysis: Further breakdown of the European, Asia Pacific, and the Rest of the World segments into their respective countries for this market
- Company Information: Detailed analysis and profiling of additional market players (up to 5)
- Volume Data: Customization options for volume data (number of units sold) and customization options for volume data (number of tests)
- Opportunities Assessment: A detailed report underlining the various growth opportunities presented in the market
The report includes six parts, dealing with:
1.) Basic Information;
2.) The Asia Medical Imaging Devices Speaker Market;
3.) The North American Medical Imaging Devices Speaker Market;
4.) The European Medical Imaging Devices Speaker Market;
5.) Market Entry And Investment Feasibility;
6.) The Report Conclusion.
Table of Content: Medical Imaging Devices
1 Study Coverage
2 Executive Summary
3 Breakdown Data by Manufacturers
4 Breakdown Data by Type
5 Breakdown Data by Application
…
11 Company Profiles
12 Future Forecast
13 Market Opportunities, Challenges, Risks and Influences Factors Analysis
14 Value Chain and Sales Channels Analysis
15 Research Findings and Conclusion
16 Appendix
Continued Medical Imaging Statistics …
The key insights of The Report Research:
1.The report Research provides key statistics on the market status of the Medical Imaging Devices manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report Research provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report Research presents the company profile, product specifications, capacity, production value, and 2019-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report Research estimates 2019-2025 market development trends of Medical Imaging Devices industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report Research makes some important proposals for a new project of Medical Imaging Devices Industry before evaluating its feasibility.
Reasons to Purchase this Report:
* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.
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