Diagnostic Imaging Equipment Market Size, Share, Analysis Report

Diagnostic Imaging Equipment Market By Product Analysis (X-ray Imaging Systems, Ultrasound Systems, Computed Tomography (CT) Scanners, Magnetic Resonance Imaging (MRI) Systems, Nuclear Imaging Systems); By Application Analysis (X-ray Imaging Systems, Ultrasound Systems, MRI Systems, CT Scanners, Nuclear Imaging Systems); By End user Analysis (Hospitals, Diagnostic Imaging Centers) and By Regional Analysis – Global Forecast by

The Global Diagnostic Imaging Equipment Market is expected to be around US$ 66 Billion by 2028 at a CAGR of 10.5% in the given forecast period.

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MARKET SNAPSHOT

Major Players

Study period:

2023-2028

Base Year:

2022

CAGR:

10

Fastest Growing Market:

APAC

Largest Market:

North America

REPORT DESCRIPTION

Diagnostic imaging illustrates a variety of non invasive methods of searching inside the body to help decide the reasons of a damage or an illness, and to verify a prognosis. It is also used to peer how nicely your body is responding to a treatment for an infection or a fracture.  A spread of machines and techniques can create snap shots of the systems and sports inner your body. Benefits are less contact directly to radiation and higher nature of pictures has all things considered helped this innovation section to outperform the customary simple X-ray market. The different advancements utilized for a X-ray are computed radiography, analog x-ray technology, and digital radiography. In general, this fragment is relied upon to become astoundingly because of its universal utilization and its help with diagnosing a scope of complicated diseases.

How Big is the Global Diagnostic Imaging Equipment Market?

The Global Diagnostic Imaging Equipment Market is expected to be around US$ 66 Billion by 2028 at a CAGR of 10.5% in the given forecast period.

The major driving factors of Global Diagnostic Imaging Equipment Market are as follows:

  • Increasing Investments, Funds, and Grants By Government Bodies for Modernization of Imaging Facilities
  • Rising investments from public private group
  • Increase in the number of diagnostic imaging centers
  • Increasing occurrence of cancer
  • Growing geriatric population and the successive growth in the occurrence of various diseases
  • Technical advancement in diagnostic imaging modalities

The restraints factors of Global Diagnostic Imaging Equipment Market are as follows:

  • Very costly diagnostic imaging systems
  • Adverse healthcare reforms
  • Shortage of helium, amain concern for MRI manufacturer and healthcare services
  • Radiation exposure may cause side effects
  • Strict environmental reforms and high rate of import duties on imaging devices

The Global Diagnostic Imaging Equipment Market is segmented on the lines of its product, application, end user and regional. Based on product segmentation it covers X-ray system, ultrasound system, computed tomography scanners, magnetic resonance imaging system, and nuclear imaging systems. X-Ray imaging systems and ultrasound system is further segmented into market by technology and portability. Computed tomography scanners segmentation covers high slice CT scanners, mid slice CT scanners, and low slice CT scanners. Under magnetic resonance imaging (MRI) systems it covers market, by architecture and market, by field strength. Nuclear imaging systems contain single-photon emission computed tomography (SPECT) and photon emission tomography (PET) systems. Based on application segmentation it covers X ray system, ultrasound system, magnetic resonance imaging system, CT scanner and nuclear imaging systems. X-ray imaging systems are further segmented into general radiography applications, mammography applications and dental applications. An ultrasound system consists of radiology/general imaging, urological, cardiac, obstetrics/gynecology (OB/GYN), vascular and other applications. MRI systems covers brain &neurological MRI, vascular MRI, spine &musculoskeletal MRI, pelvic & abdominal MRI, cardiac MRI and breast MRI. Under CT scanners it covers cardiology, neurology, oncology, and other applications. Nuclear imaging systems covers cardiology, neurology, oncology and other applications.Based on end user segmentation it covers hospitals, diagnostic imaging centers and others. The Global Diagnostic Imaging Equipment Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:

1) An overview of the global market for Diagnostic Imaging Equipment and related technologies.

2) Analyses of global market trends, with data from 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2028.

3) Identifications of new market opportunities and targeted promotional plans for Global Diagnostic Imaging Equipment Market.

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.

REPORT SCOPE:
The scope of the report includes a detailed study of global and regional markets for Global Diagnostic Imaging Equipment Market with the reasons given for variations in the growth of the industry in certain regions.
 
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include GE Healthcare, Hitachi Medical Corporation, Hologic, Inc., Philips Healthcare, Samsung Medison, Siemens Healthcare Shimadzu Corporation, Toshiba Medical Systems Corporation, Carestream Health, EsaoteS.p.A, and Hologic, Inc. Company profile includes assign such as company summary, financial summary,business strategy and planning, SWOT analysis and current developments.
 
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The Global Diagnostic Imaging Equipment Market has been segmented as below:

By Product Analysis

  • X-ray Imaging Systems
    • Market, by Technology
    • Market, by Portability
  • Ultrasound Systems
    • Market, by Technology
    • Market, by Portability
  • Computed Tomography (CT) Scanners
    • High-slice CT Scanners
    • Mid-slice CT Scanners
    • Low-slice CT Scanners
  • Magnetic Resonance Imaging (MRI) Systems
    • Market, by Architecture
    • Market, by Field Strength
  • Nuclear Imaging Systems [Single-photon Emission Computed Tomography (SPECT) and Photon Emission Tomography (PET) Systems]
    • SPECT Market
    • Hybrid PET Market

By Application Analysis

  • X-ray Imaging Systems
    • General Radiography Applications
    • Mammography Applications
    • Dental Applications
  • Ultrasound Systems
    • Radiology/General Imaging
    • Urological
    • Cardiac
    • Obstetrics/Gynecology (OB/GYN)
    • Vascular
    • Other Applications
  • MRI Systems
    • Brain & Neurological MRI
    • Vascular MRI
    • Spine & Musculoskeletal MRI
    • Pelvic & Abdominal MRI
    • Cardiac MRI
    • Breast MRI
  • CT Scanners
    • Cardiology
    • Neurology
    • Oncology
    • Other Applications
  • Nuclear Imaging Systems
    • Cardiology
    • Neurology
    • Oncology
    • Other Applications

By End user Analysis

  • Hospitals
  • Diagnostic Imaging Centers
  • Others

By Regional Analysis

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Reasons to Buy this Report:
1) Obtain the most up to date information available on all Global Diagnostic Imaging Equipment Market.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of Global Diagnostic Imaging Equipment Market data.
4) Assess your competitor’s refining portfolio and its evolution.

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1 INTRODUCTION    
    1.1    Key Take Aways    
    1.2    Report Description    
    1.3    Markets Covered    
    1.4    Stakeholders    
    1.5    Research Methodology    
        1.5.1    Market Size    
        1.5.2    Market Share    
        1.5.3    Key Data Points From Secondary Sources    
        1.5.4    Key Data Points From Primary Sources
 

2 Research Methodology 
    2.1 Research Data 
          2.1.1 Secondary Data 
                   2.1.1.1 Key Data Points From Secondary Sources 
          2.1.2 Primary Data 
                   2.1.2.1 Key Data From Primary Sources 
                   2.1.2.2 Breakdown of Primaries 
          2.1.3 Macroeconomic Factors Considered During Market Analysis 
                   2.1.3.1 Population Growth and Aging Scenario 
                   2.1.3.2 Prevalence of Cancer Cases 
                   2.1.3.3 Incidences of Cardiovascular Diseases (CVDS) 
                   2.1.3.4 Healthcare Expenditure Patterns (Public and Private) 
    2.2 Market Size Estimation 
          2.2.1 Bottom-Up Approach 
          2.2.2 Top-Down Approach 
    2.3 Market Breakdown and Data Triangulation 
    2.4 Research Assumptions and Limitations 
          2.4.1 Assumptions of the Research Study 
          2.4.2 Limitations of the Research Study

 

3 Executive Summary 

 

4 Premium Insights 
    4.1 Attractive Market Opportunities in the BRIC Diagnostic Imaging Equipment Market 
    4.2 Top 4 BRIC Diagnostic Imaging Equipment Market (in Terms of Volume), By Country (2018) 
    4.3 BRIC Diagnostic Imaging Equipment Market, By Modality (2018 Vs. 2024)

 

5 Market Overview 
    5.1 Introduction 
    5.2 Diagnostic Imaging Equipment Market Segmentation 
    5.3 Diagnostic Imaging Equipment Market Dynamics 
          5.3.1 Drivers 
                   5.3.1.1 Increasing Public and Private Funding 
                   5.3.1.2 Rising Patient Population 
                   5.3.1.3 Initiatives Taken By Market Players 
                   5.3.1.4 Technological Developments in Diagnostic Imaging Modalities 
          5.3.2 Restraints 
                   5.3.2.1 High Cost of Diagnostic Imaging Systems 
                   5.3.2.2 Side Effects of Radiation Exposures 
                   5.3.2.3 Shortage of Helium 
          5.3.3 Opportunities 
                   5.3.3.1 Improving Healthcare Infrastructure in Emerging Markets 
                   5.3.3.2 Low Cost of Diagnostic Imaging Systems and Procedures in BRIC Nations 
                   5.3.3.3 Technologically Advanced Imaging Systems With Applications in Multiple Fields  
          5.3.4 Challenges 
                   5.3.4.1 Sustainability of Players in Highly Competitive Market 
                   5.3.4.2 Rising Demand of Refurbished Systems 
                   5.3.4.3 Stringent Regulatory Environment and High Import Duties on Imaging  Devices 

 

6 Industry Insights 
    6.1 Diagnostic Imaging Equipment Market: Introduction 
    6.2 Value Chain Analysis 
    6.3 Supply Chain Analysis 
          6.3.1 Key Stakeholders 
          6.3.2 Key Influencers 
    6.4 Industry Trends 
          6.4.1 Localization of Leading Market Players in BRIC Countries 
          6.4.2 Focus on Launching New and Advanced Low-Cost Products By Leading Market Players 
          6.4.3 Increasing Number of Healthcare Service Centers and Training Facilities in the Emerging Economies 
    6.5 Porter’s Five forces Analysis 
          6.5.1 Threat From New Entrants 
          6.5.2 Threat From Substitutes 
          6.5.3 Bargaining Power of Suppliers 
          6.5.4 Bargaining Power of Buyers 
          6.5.5 Intensity of Competitive Rivalry

 

7 Bric Diagnostic Imaging Equipment Market, By Modality 
    7.1 Introduction 
    7.2 Ultrasound Systems 
          7.2.1 Ultrasound Systems Market, By Technology 
                   7.2.1.1 Color Doppler Ultrasound Imaging Systems 
                   7.2.1.2 Black And White Ultrasound Imaging Systems 
          7.2.2 Ultrasound Systems Market, By Portability 
                   7.2.2.1 Trolley-Based Ultrasound Systems 
                   7.2.2.2 Compact/Portable Ultrasound Systems 
    7.3 X-Ray Imaging Systems 
          7.3.1 X-Ray Imaging Systems Market, By Technology 
                   7.3.1.1 Digital X-Ray Imaging Systems 
                   7.3.1.1.1 Computed Radiography Systems 
                   7.3.1.1.2 Direct Radiography Systems 
                   7.3.1.2 Analog X-Ray Imaging Systems 
          7.3.2  X-Ray Imaging Systems Market, By Portability 
                   7.3.2.1 Stationary X-Ray Imaging Systems 
                   7.3.2.2 Portable X-Ray Imaging Systems 
    7.4 Computed Tomography (CT) Scanners 
          7.4.1 Computed Tomography (CT) Scanners, By Slice Type 
                   7.4.1.1 High-End Slice Ct Scanners 
                   7.4.1.2 Mid-End Slice Ct Scanners 
                   7.4.1.3 Low-End Slice Ct Scanners 
    7.5 Mri Systems 
          7.5.1 Mri Systems Market, By Architecture 
                   7.5.1.1 Closed Mri Systems 
                   7.5.1.2 Open Mri Systems 
          7.5.2 Mri Systems Market, By Field Strength 
                   7.5.2.1 High-Field Mri Systems 
                   7.5.2.2 Very High-Field Mri Systems 
                   7.5.2.3 Low-To-Mid-Field Mri Systems 
    7.6 Nuclear Imaging Systems 
          7.6.1 Nuclear Imaging Systems Market, By Type 
                   7.6.1.1 Spect Scanners 
                   7.6.1.2 Pet Scanners 
    7.7 Mammography Systems 
          7.7.1 Mammography Systems Market, By Technology 
                   7.7.1.1 Analog Mammography Systems 
                   7.7.1.2 Digital Mammography Systems

 

8 BRIC Diagnostic Imaging Equipment Market, By Country 
    8.1 Introduction 
    8.2 Brazil 
          8.2.1 Market Drivers 
                   8.2.1.1 Rising Government and Private Healthcare Expenditure 
                   8.2.1.2 Favorable Reimbursement Scenario 
                   8.2.1.3 Growing Prevalence of Chronic Diseases 
                   8.2.1.4 Rising Government Awareness About Healthcare for Women 
                   8.2.1.5 Consolidation of Healthcare Service Providers 
                   8.2.1.6 Multinational Players Setting Up New Production Facilities in Brazil 
          8.2.2 Market Restraints 
                   8.2.2.1 High Cost of Imported Diagnostic Imaging Devices Due to High Import and Sales Tariffs 
                   8.2.2.2 Challenging Regulatory Environment for Approval, Import, and Sale of Diagnostic Imaging Devices 
    8.3 Russia 
          8.3.1 Market Drivers 
                   8.3.1.1 Increasing Government Investments in the Healthcare Sector 
                   8.3.1.2 Rising Patient Population Base 
                   8.3.1.3 Growing Partnerships Between Domestic and Global Market Players 
                   8.3.1.4 Healthcare Reforms 
          8.3.2 Market Restraints 
                   8.3.2.1 Low Affordability and High Demand for Refurbished Imaging Devices From Private End Users 
                   8.3.2.2 High Level of Corruption in the Russian Healthcare Sector 
                   8.3.2.3 Complex Regulatory Scenario 
    8.4 India 
          8.4.1 Market Drivers 
                   8.4.1.1 High Incidence and Prevalence of Chronic Diseases 
                   8.4.1.2 Increasing Installations of Diagnostic Imaging Systems 
                   8.4.1.3 New Product Launches and Healthcare Awareness Initiatives By Global Market Players 
                   8.4.1.4 Increasing Penetration By Global Market Players in India 
                   8.4.1.5 Growing Number of Clinical Research Studies 
                   8.4.1.6 Easy Regulatory Approvals 
          8.4.2 Market Restraints 
                   8.4.2.1 Poor Healthcare Insurance Coverage 
                   8.4.2.2 Government’s Ban on the Use of Portable Ultrasound Systems 
                   8.4.2.3 Increasing Use of Refurbished Medical Devices 
    8.5 China 
          8.5.1 Market Drivers 
                   8.5.1.1 Developing Healthcare Infrastructure 
                   8.5.1.2 Increasing Focus of International Diagnostic Imaging Vendors on China’s Rural Healthcare Market 
                   8.5.1.3 Favorable Demographic Scenario 
                   8.5.1.4 Increasing Efforts By Domestic Players to Expand their Customer Base in China 
          8.5.2 Market Restraints 
                   8.5.2.1 Irregularities in the Tendering Process 
                   8.5.2.2 Price Controls 
                   8.5.2.3 Regulatory Challenges

 

9 Competitive Landscape 
    9.1 Overview 
    9.2 Market Share Analysis, Diagnostic Imaging Equipment, By Key Player, 2018
    9.3 Competitive Situation and Trends 
          9.3.1 New Product Launches 
          9.3.2 Agreements, Partnerships, and Collaborations 
          9.3.3 Geographical Expansions 
          9.3.4 Launch of Training Facilities & Programs 
          9.3.5 Mergers & Acquisitions 
          9.3.6 Other Developments

The Global Diagnostic Imaging Equipment Market has been segmented as below:

By Product Analysis

  • X-ray Imaging Systems
    • Market, by Technology
    • Market, by Portability
  • Ultrasound Systems
    • Market, by Technology
    • Market, by Portability
  • Computed Tomography (CT) Scanners
    • High-slice CT Scanners
    • Mid-slice CT Scanners
    • Low-slice CT Scanners
  • Magnetic Resonance Imaging (MRI) Systems
    • Market, by Architecture
    • Market, by Field Strength
  • Nuclear Imaging Systems [Single-photon Emission Computed Tomography (SPECT) and Photon Emission Tomography (PET) Systems]
    • SPECT Market
    • Hybrid PET Market

By Application Analysis

  • X-ray Imaging Systems
    • General Radiography Applications
    • Mammography Applications
    • Dental Applications
  • Ultrasound Systems
    • Radiology/General Imaging
    • Urological
    • Cardiac
    • Obstetrics/Gynecology (OB/GYN)
    • Vascular
    • Other Applications
  • MRI Systems
    • Brain & Neurological MRI
    • Vascular MRI
    • Spine & Musculoskeletal MRI
    • Pelvic & Abdominal MRI
    • Cardiac MRI
    • Breast MRI
  • CT Scanners
    • Cardiology
    • Neurology
    • Oncology
    • Other Applications
  • Nuclear Imaging Systems
    • Cardiology
    • Neurology
    • Oncology
    • Other Applications

By End user Analysis

  • Hospitals
  • Diagnostic Imaging Centers
  • Others

By Regional Analysis

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

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The market is expected to grow at a CAGR of 10.5% during the study period (2023-2028)
The Global Diagnostic Imaging Equipment Market is expected to be around US$ 66 Billion by 2028
The segment included in Diagnostic Imaging Equipment Market is Product, Application, End User and region.
Some key players operating in the Diagnostic Imaging Equipment Market include GE Healthcare, Hitachi Medical Corporation, Hologic, Inc., Philips Healthcare, Samsung Medison, Siemens Healthcare Shimadzu Corporation
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