Market Overview:
The global medical imaging 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 medical imaging diagnostic equipment. Based on type, the global medical imaging diagnostic equipment market is segmented into MRI, CT, USG, and NMI. The MRI segment is expected to account for the largest share of the global medical imaging diagnostic equipment market in 2018. This segment is projected to grow at a CAGR of 7% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to its growing demand for advanced features such as 3D/4D visualization and higher image quality. Based on application, hospitals are expected to account for the largest share of the global medical imaging diagnostic equipment market in 2018 followed by clinics.
Product Definition:
Medical imaging diagnostic equipment is a type of medical equipment used to create images of the inside of the body for diagnostic purposes. The images can be used to help diagnose various medical conditions. Medical imaging is an important tool in diagnosing and treating many diseases and conditions.
MRI:
Magnetic Resonance Imaging (MRI) is an imaging procedure that uses magnetic fields and radio waves to produce images of body structures. MRI makes use of the fact that certain compounds within the body respond to magnetic fields and electromagnetic radiation in a similar way as their own nuclei spin around when exposed to these radiations. This phenomenon is used for diagnostic imaging by measuring the relaxation times between transmission and reception of a pulse sequence, which varies according to tissue composition.
CT:
Computed Tomography (CT) is an imaging technique that produces cross-sectional images of the body. It uses a computer to generate multiple X-ray beams which are then captured on film or digital sensors. The strength of these rays depends upon the density and type of material through which they pass; hence, it can be used to detect tumors as well as bone fractures with great accuracy and precision.
Application Insights:
Based on application, the global medical imaging diagnostic equipment market is segmented into hospitals, clinics and other facilities. Hospitals held the largest share in 2015 owing to factors such as a large patient base and high volume of imaging procedures performed. The others segment is expected to grow at a rapid pace over the forecast period due to an increase in demand for non-invasive diagnostic tests across various applications such as sports medicine, X-ray diagnostics and airport security.
The growth of this segment can be attributed to factors such as increasing investments by governments in healthcare infrastructure development along with technological advancements that have led to an increase in usage rates across all types of facilities. For instance; MRI scanners are now commonly used not only at hospitals but also at airports, hotels and even private residences due to their portability coupled with ease of use resulting from touch screen controls without the need for extra staff or machines.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing government funding for R&D, presence of key players, and high adoption rate of technologically advanced products within this region. In addition, favorable reimbursement policies are also propelling growth within this region. For instance, under Medicare Part A & B covers diagnostic imaging services such as X-ray and CT scan which were not covered before 2006 when Medicare started covering them ( Parts A & B).
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising healthcare expenditure by governments along with an increase in awareness regarding various available options for diagnosis and treatment of medical conditions among people living in countries like India China Singapore Malaysia Thailand Philippines Vietnam Myanmar Australia New Zealandand so on., thus creating a huge potential market for global medical imaging diagnostic equipment industry over the next eight years (2030).
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. According to a study by the World Health Organization (WHO), non-communicable diseases are responsible for around 63% of all deaths worldwide. This number is expected to increase to 73% by 2030. The growing incidence of chronic diseases will create a large demand for medical imaging diagnostic equipment, which can help in early diagnosis and treatment.
- Technological advancements: Medical imaging diagnostic equipment manufacturers are constantly innovating their products in order to provide better and more accurate results. For instance, 3D printing technology is being used increasingly in medical devices such as prosthetics and implants. Similarly, new software algorithms are being developed that can help doctors diagnose conditions with greater accuracy than ever before. Such technological advancements will spur growth in the medical imaging diagnostic equipment market over the next few years.
- global healthcare spending was estimated at trillion . This number is projected to grow at a CAGR of 6% between 2018-2022 , reaching trillion by 2022 . A large part of this spending will be directed towards purchasing medical imaging diagnostic equipment , thereby driving market growth .
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Imaging Diagnostic Equipment Market Research Report
By Type
MRI, CT, USG, NMI
By Application
Hospitals, Clinics, Others
By Companies
GE Healthcare, Siemens Healthcare, Philips, Neusoft Corporation, China Resources Wandong Medical Equipment Co., Ltd., Mindray Medical International Limited
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Medical Imaging Diagnostic Equipment Market Report Segments:
The global Medical Imaging Diagnostic Equipment market is segmented on the basis of:
Types
MRI, CT, USG, NMI
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, Clinics, Others
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:
- GE Healthcare
- Siemens Healthcare
- Philips
- Neusoft Corporation
- China Resources Wandong Medical Equipment Co., Ltd.
- Mindray Medical International Limited
Highlights of The Medical Imaging 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:
- MRI
- CT
- USG
- NMI
- By Application:
- Hospitals
- Clinics
- Others
- 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 Medical Imaging 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
- Market Entry Strategies
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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?
Medical imaging diagnostic equipment is a type of medical equipment that uses X-rays, MRI scans, or CT scans to diagnose medical conditions.
Some of the major players in the medical imaging diagnostic equipment market are GE Healthcare, Siemens Healthcare, Philips, Neusoft Corporation, China Resources Wandong Medical Equipment Co., Ltd., Mindray Medical International Limited.
The medical imaging diagnostic equipment market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medical Imaging Diagnostic Equipment 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. Medical Imaging Diagnostic Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Medical Imaging Diagnostic Equipment Market - Supply Chain
4.5. Global Medical Imaging Diagnostic Equipment Market Forecast
4.5.1. Medical Imaging Diagnostic Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Medical Imaging Diagnostic Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Medical Imaging Diagnostic Equipment Market Absolute $ Opportunity
5. Global Medical Imaging Diagnostic Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Medical Imaging Diagnostic Equipment Market Size and Volume Forecast by Type
5.3.1. MRI
5.3.2. CT
5.3.3. USG
5.3.4. NMI
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Medical Imaging Diagnostic Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Medical Imaging Diagnostic Equipment Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Clinics
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Medical Imaging Diagnostic Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Medical Imaging Diagnostic Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Medical Imaging Diagnostic Equipment 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. Medical Imaging Diagnostic Equipment 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 Medical Imaging Diagnostic Equipment Demand Share Forecast, 2019-2026
9. North America Medical Imaging Diagnostic Equipment 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 Medical Imaging Diagnostic Equipment 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 Medical Imaging Diagnostic Equipment Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Clinics
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Medical Imaging Diagnostic Equipment Market Size and Volume Forecast by Type
9.7.1. MRI
9.7.2. CT
9.7.3. USG
9.7.4. NMI
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Medical Imaging Diagnostic Equipment Demand Share Forecast, 2019-2026
10. Latin America Medical Imaging Diagnostic Equipment 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 Medical Imaging Diagnostic Equipment 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 Medical Imaging Diagnostic Equipment Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Clinics
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Medical Imaging Diagnostic Equipment Market Size and Volume Forecast by Type
10.7.1. MRI
10.7.2. CT
10.7.3. USG
10.7.4. NMI
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Medical Imaging Diagnostic Equipment Demand Share Forecast, 2019-2026
11. Europe Medical Imaging Diagnostic Equipment 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 Medical Imaging Diagnostic Equipment 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 Medical Imaging Diagnostic Equipment Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Clinics
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Medical Imaging Diagnostic Equipment Market Size and Volume Forecast by Type
11.7.1. MRI
11.7.2. CT
11.7.3. USG
11.7.4. NMI
11.. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Medical Imaging Diagnostic Equipment Demand Share, 2019-2026
12. Asia Pacific Medical Imaging Diagnostic Equipment 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 Medical Imaging Diagnostic Equipment 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 Medical Imaging Diagnostic Equipment Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Clinics
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Medical Imaging Diagnostic Equipment Market Size and Volume Forecast by Type
12.7.1. MRI
12.7.2. CT
12.7.3. USG
12.7.4. NMI
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Medical Imaging Diagnostic Equipment Demand Share, 2019-2026
13. Middle East & Africa Medical Imaging Diagnostic Equipment 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. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Medical Imaging Diagnostic Equipment 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 Medical Imaging Diagnostic Equipment Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Clinics
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Medical Imaging Diagnostic Equipment Market Size and Volume Forecast by Type
13.7.1. MRI
13.7.2. CT
13.7.3. USG
13.7.4. NMI
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Medical Imaging Diagnostic Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Medical Imaging Diagnostic Equipment Market: Market Share Analysis
14.2. Medical Imaging Diagnostic Equipment Distributors and Customers
14.3. Medical Imaging Diagnostic Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE Healthcare
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens Healthcare
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Philips
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Neusoft Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. China Resources Wandong Medical Equipment Co., Ltd.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Mindray Medical International Limited
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
