Diagnostic Imaging Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product Type (X-Ray, Ultrasound, Computed Tomography, Nuclear Imaging, and Magnetic Resonance Imaging), By Application (Oncology, Neurology, Cardiology, Gynecology, Orthopedics, and Others), By End User (Hospitals, Diagnostic Imaging Centers, and Ambulatory Imaging Centers), By Region
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationDiagnostic Imaging Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Product Type (X-Ray, Ultrasound, Computed Tomography, Nuclear Imaging, and Magnetic Resonance Imaging), By Application (Oncology, Neurology, Cardiology, Gynecology, Orthopedics, and Others), By End User (Hospitals, Diagnostic Imaging Centers, and Ambulatory Imaging Centers), By Region
| Forecast Period | 2024-2028 |
| Market Size (2022) | USD 27.12 Billion |
| CAGR (2023-2028) | 6.6% |
| Fastest Growing Segment | Oncology |
| Largest Market | North America |
Market Overview
Key Market Drivers
Rise in the Prevalence of Chronic Diseases
Increased Adoption of Advanced Technologies in Diagnostic imaging
Increase in the Geriatric Population
Introduction of Technologically Advanced Systems
Key Market Challenges
Expensive Procedures and Equipment
Recurring Expense of Maintaining and Upgrading Imaging Equipment
Key Market Trends
Point-of-Care Imaging
Advanced Imaging Modalities
Segmental Insights
Product Type
Based on the product type, the market is segmented into X-ray imaging systems, computed tomography (CT) scanners, ultrasound imaging systems, magnetic resonance imaging (MRI) systems, and nuclear imaging systems. X-ray imaging systems lead the diagnostic imaging market owing to their low cost and the ability to produce accurate images that provide a clear idea of the musculoskeletal system. This is particularly beneficial for diagnosing fractures, bone diseases, and joint abnormalities.
End User Insights
Based on the end user, the market is segmented into hospitals, diagnostic imaging centers, and Ambulatory Imaging Centres. Currently, hospitals comprise the largest share. However, the adoption of imaging systems by diagnostic centers is expected to grow at the highest compound annual growth rate (CAGR) during the forecast period. This can be attributed to several factors, including the increasing number of private imaging centers fueled by the rising demand for diagnostic imaging procedures. The growth of this end user segment is expected to be driven by the need for accurate and timely diagnosis, as well as the advancements in imaging technology that enable better visualization and improved patient outcomes. With the increasing focus on early detection and prevention of diseases, the role of diagnostic imaging centers in delivering high-quality healthcare services is becoming increasingly important.
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Regional Insights
Recent Developments
- July 2022Canon Medical unveiled the VantageFortain MRI System during ECR 2022. This cutting-edge MRI system incorporatesinnovative workflow solutions, image enhancements, and accelerated scantechnology. These advancements collectively contribute to the reduction of MRIprocedure time.
- April 2022Wipro GE Healthcare introduced thenext-generation Revolution Aspire CT scanner. Revolution Aspire is an advancedimaging solution that is entirely designed and manufactured in India.
- In May 2021, Royal Philips launched theSpectrum Computed Tomography (CT) 7500, which is a CT scanner based on spectraldetector technology. This intelligent new technology consistently produceshigh-quality spectral images for every patient, aiding in diseasecharacterization and reducing rescans and follow-ups, while maintaining thesame dosage levels as traditional scans.
Key Market Players
- GE Healthcare Inc.
- Philips Healthcare InformaticsInc.
- Hitachi Medical Corporation
- Hologic, Inc.
- Siemens Healthcare GmbH
- Samsung Medison
- Shimadzu Corporation
- Toshiba Medical SystemsCorporation
- Esaote S.P.A
- Fujifilm Corporation
| By Product Type | By Application | By End User | By Region | |
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