Market Overview:
The global diagnostic equipment market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of chronic diseases, rising geriatric population, and technological advancements in diagnostic equipment. The global diagnostic equipment market is segmented on the basis of type into X-ray imaging, MRI, CT, ultrasound, and other types. The X-ray imaging segment is expected to account for the largest share of the global diagnostic equipment market in 2018. This segment is projected to grow at a CAGR of 6% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to factors such as rising prevalence of cancer and other chronic diseases and growing demand for advanced medical diagnostics technologies. On the basis of application, hospitals are expected to account for the largest share of the global diagnostic equipment market in 2018 followed by diagnostic centers and other applications segments respectively.
Product Definition:
Diagnostic equipment is a type of medical equipment used to help diagnose and treat diseases or medical conditions. This equipment can include ultrasound machines, X-ray machines, and MRI scanners. The importance of diagnostic equipment is that it can help physicians detect and diagnose health problems early on, which can lead to more effective treatment.
X-ray Imaging:
X-ray imaging is a type of medical imaging using X-rays. In the simplest terms, it is the photography of body tissues using a small source of X-rays. The technique has been around for more than 100 years and has seen many technological advancements since its inception. It was one of the first forms of diagnostic equipment that allowed doctors to view and identify internal injuries without having to open up patients, which was revolutionary at that time as it involved looking inside people's bodies.
MRI:
Magnetic Resonance Imaging (MRI) is a diagnostic medical device that uses magnetic fields and radio waves to produce images of body tissues. MRI works by detecting the chemical changes associated with cancer, blood vessels, tumors and other health conditions. These changes are caused by the movement of nuclei within atoms in molecules within cells.
Application Insights:
The hospitals segment dominated the global diagnostic equipment market in 2017 and is expected to maintain its dominance over the forecast period. This can be attributed to factors such as increasing healthcare spending, growing geriatric population, technological advancements in imaging tools and rising awareness among consumers regarding advanced diagnostics facilities.
Diagnostic centers are anticipated to witness lucrative growth over the forecast period owing to factors such as an increase in demand for point-of-care testing across various applications including infectious diseases testing at primary health care level. Rise in R&D activities pertaining towards development of novel techniques that can help detect a wider range of diseases at lower costs is also likely to drive this segment. For instance, research studies have shown that molecular diagnostics can identify bacterial infections with greater sensitivity and specificity than conventional methods when performed on state-of-the art automated systems (SOTO 2010).
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities, favorable reimbursement policies, and increasing demand for advanced diagnostic procedures are some of the major factors contributing to the growth of this regional market. Europe is also expected to hold a considerable share due to an increase in R&D investments by companies and rising adoption of technologically advanced products.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rapid economic development coupled with government initiatives for improving healthcare infrastructure in emerging countries such as China and India. In addition, rising prevalence of chronic diseases such as cancer and cardiac disorders will drive demand for medical imaging equipment thereby boosting industry expansion during the forecast period in this region’s market space including Latin America & MEA regions). Moreover, growing awareness regarding early diagnosis among consumers will further propel product penetration rates over coming years in these regions' marketspace respectively).
Growth Factors:
- Increasing incidence of chronic diseases: The global prevalence of chronic diseases is increasing at an alarming rate. This is primarily because of the changing lifestyles and dietary habits of people across the world. This has led to a surge in the demand for diagnostic equipment, as they play a crucial role in early diagnosis and treatment of these diseases.
- Technological advancements: The diagnostic equipment market is witnessing rapid technological advancements, with new products being launched regularly. This is helping healthcare providers to improve patient care and increase their efficiency.
- Rising demand for personalized medicine: There is a growing demand for personalized medicine across the globe, as this helps to provide patients with treatments that are specific to their needs and requirements. Diagnostic equipment plays a key role in personalizing medical treatment plans for patients, thus driving growth in this market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Diagnostic Equipment Market Research Report
By Type
X-ray Imaging, MRI, CT, Ultrasound, Other
By Application
Hospitals, Diagnostic Centers, Other
By Companies
Siemens, GE Healthcare, PhilipsHealthcare, Canon Medical Systems, HitachiMedical, Fujifilm, Carestream, Konica Minolta, Shimadzu, Hologic, Siemens, Samsung, Planmeca, Wangdong, Angell, Southwest Medical Equipment
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Diagnostic Equipment Market Report Segments:
The global Diagnostic Equipment market is segmented on the basis of:
Types
X-ray Imaging, MRI, CT, Ultrasound, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Diagnostic Centers, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens
- GE Healthcare
- PhilipsHealthcare
- Canon Medical Systems
- HitachiMedical
- Fujifilm
- Carestream
- Konica Minolta
- Shimadzu
- Hologic
- Siemens
- Samsung
- Planmeca
- Wangdong
- Angell
- Southwest Medical Equipment
Highlights of The Diagnostic Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- X-ray Imaging
- MRI
- CT
- Ultrasound
- Other
- By Application:
- Hospitals
- Diagnostic Centers
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Diagnostic Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Diagnostic equipment is any piece of medical equipment used to diagnose or monitor a patient's health. This can include devices used to measure heart rate, blood pressure, and other vital signs; X-ray machines; CT scanners; and MRI machines.
Some of the key players operating in the diagnostic equipment market are Siemens, GE Healthcare, PhilipsHealthcare, Canon Medical Systems, HitachiMedical, Fujifilm, Carestream, Konica Minolta, Shimadzu, Hologic, Siemens, Samsung, Planmeca, Wangdong, Angell, Southwest Medical Equipment.
The diagnostic equipment market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Diagnostic Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Diagnostic Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Diagnostic Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Diagnostic Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Diagnostic Equipment Market Size & Forecast, 2020-2028
4.5.1 Diagnostic Equipment Market Size and Y-o-Y Growth
4.5.2 Diagnostic Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 X-ray Imaging
5.2.2 MRI
5.2.3 CT
5.2.4 Ultrasound
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Diagnostic Centers
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Diagnostic Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Diagnostic Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 X-ray Imaging
9.6.2 MRI
9.6.3 CT
9.6.4 Ultrasound
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Diagnostic Centers
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 X-ray Imaging
10.6.2 MRI
10.6.3 CT
10.6.4 Ultrasound
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Diagnostic Centers
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 X-ray Imaging
11.6.2 MRI
11.6.3 CT
11.6.4 Ultrasound
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Diagnostic Centers
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 X-ray Imaging
12.6.2 MRI
12.6.3 CT
12.6.4 Ultrasound
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Diagnostic Centers
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 X-ray Imaging
13.6.2 MRI
13.6.3 CT
13.6.4 Ultrasound
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Diagnostic Centers
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Diagnostic Equipment Market: Competitive Dashboard
14.2 Global Diagnostic Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 GE Healthcare
14.3.3 PhilipsHealthcare
14.3.4 Canon Medical Systems
14.3.5 HitachiMedical
14.3.6 Fujifilm
14.3.7 Carestream
14.3.8 Konica Minolta
14.3.9 Shimadzu
14.3.10 Hologic
14.3.11 Siemens
14.3.12 Samsung
14.3.13 Planmeca
14.3.14 Wangdong
14.3.15 Angell
14.3.16 Southwest Medical Equipment
