Global Diagnostic Imaging Equipment
Market Report
2024
As per Cognitive Market Research's latest published report,The Global diagnostic imaging equipment market was valued at USD 34.01 billion in 2022 and will reach USD 53.81 billion by 2030, registering a CAGR of 5.9% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report,The Global Diagnostic Imaging Equipment market was valued at USD 34.01 billion in 2022 and will reach USD 53.81 billion by 2030, registering a CAGR of 5.9% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Diagnostic Imaging Equipment Market Sales Revenue 2022 | $ 34.01 Billion |
Global Diagnostic Imaging Equipment Market Sales Revenue 2030 | $ 53.81 Billion |
Global Diagnostic Imaging Equipment Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.9% |
Market Split by Type |
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Market Split by Application |
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Market Split by Portability |
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Market Split by End Use |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Diagnostic Imaging Equipment Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
To diagnose, monitor, or treat medical disorders, the term "diagnostic imaging" refers to several different technologies that are used to examine the human body. Each technology type provides specific information regarding the part of the body being investigated or treated, with potential illness, damage, or the efficacy of medical care. Healthcare has been altered by diagnostic health imaging technology, which now enables earlier diagnosis of medical disorders, lessens the need for pointless invasive exploratory procedures, and improves patient outcomes. Health Images provide comprehensive diagnostic imaging services. Healthcare professionals also use it to see how well a patient’s body responds to treatment for a fracture or illness. Numerous imaging procedures are simple, painless, and non-invasive.
Increased use of diagnostic imaging is a key factor driving the market's expansion, along with rising rates of chronic diseases, public-private organization investments and grants, rapid technological advancements in diagnostic imaging techniques, an aging population, and an increase in the prevalence of related diseases. The rising incidence of cancer will continue to drive the market growth.
According to WHO, by 2030, 1 in 6 people in the world will be aged 60 years or over. At this point, there will be 1.4 billion people over the age of 60, up from 1 billion in 2020. The percentage of people over 60 in the world will increase from 12% to 22% between 2015 and 2050. At the biological level, aging develops through the build-up of numerous types of cellular and molecular damage over time. As a result, one's physical and mental capacities steadily decline, their risk of contracting diseases rises, and eventually, death occurs. Hearing loss, cataracts, refractive errors, back and neck pain and osteoarthritis, chronic obstructive pulmonary disease, diabetes, depression, and dementia are common illnesses among elderly people. People are more prone to have multiple ailments at once, as they get older. The rise of various complex health conditions known as geriatric syndromes is another feature of older age. As disease risk increases, the aging population needs regular monitoring and diagnosis, which increases the demand for diagnostic imaging equipment.
In recent years, multiple advances have been developed in diagnostic imaging technology. Including computer-aided diagnostics, MRI gloves, automatic picture stitching, Mobile magnetencephalography (MEG) scanner, dual-energy imaging, and tomosynthesis, as well as AI-assisted X-ray interpretation. Due to advantages like enhanced image quality, extremely high image quality, images that are simpler to store and share with doctors, shorter exposure times that improve patient care, improved detail detectability, capability for remote viewing from connected digital devices, quicker processing and diagnosis, and support better patient outcomes, the demand for advanced diagnostic imaging equipment is on the rise. Analysis and interpretation of imaging data have made significant strides because of developments in artificial intelligence (AI), deep learning techniques, machine learning, computer vision, and diagnostic imaging technology. Radiology experts can increase the quality of patient care by hastening and improving the diagnosis and treatment of injuries and ailments thanks to AI-aided X-ray systems that analyze data.
The launch of new products and the increasing interest of competitors in this industry is expected to boost the growth of diagnostic imaging equipment. For instance, in July 2022 Canon Medical at ECR 2022 introduced The Vantage Fortian. Innovative workflow techniques, image enhancement, and expedited scan technologies are all included in the new MRI system, which collectively reduces the amount of time needed for MRI treatments.
As in many aspects of medicine, there are risks associated with the use of X-ray imaging, which uses ionizing radiation to generate images of the body. Ionizing radiation is a form of radiation that has enough energy to potentially cause damage to DNA. A small increase in the possibility that a person exposed to X-rays will develop cancer later in life. Imaging exams can cause tissue effects such as cataracts, skin reddening, and hair loss at high levels of radiation exposure. Interventional fluoroscopy procedures may be high enough to cause these consequences.
The cost of procedures for patients increases because of the high cost of diagnostic imaging equipment and the significant investment necessary for installation. The expensive cost of diagnostic imaging equipment also tempts customers away from the new and improved system and towards secondhand systems, which negatively influences their bottom lines.
Major product recalls have occurred in the past few years in the global industry for medical imaging. Recalls of defective products take place when they negatively impact consumers, damage a company's brand, or prevent the market from expanding. Due to inaccurate results, Abbott Medical recalled 4,800 Dragonfly OpStar Imaging Catheters in the United States on May 26, 2022. All these restraining factors can hamper the growth of the market.
During the COVID-19 pandemic period, all healthcare professionals and patients are affected. COVID-19 influenced the supply chain, product, and service delivery due to the lockdown. The COVID-19 pandemic greatly influenced not just the infected patients but also other people worldwide, particularly in underdeveloped nations and their healthcare systems.
On the other hand, the COVID-19 outbreak is a rare health issue and has positively influenced the market for diagnostic imaging technology. The rising number of COVID-19 cases has led to a rise in the need for computed tomography (CT) scanners in several countries, which has benefitted the market for diagnostic imaging equipment around the globe. The diagnosis and treatment of COVID-19 both heavily rely on chest computed tomography. In individuals recovering from COVID-19 infection, a CT chest scan is essential for excluding lung fibrosis. The CT scan had a favorable effect on market expansion because it was a crucial diagnostic tool for the COVID-19 pandemic.
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A new generation of radiography and fluoroscopy (RF) devices will be launched by Canon Medical Devices Europe in partnership with French radiology producer DMS Imaging. It relates to a recently created, remotely operated, digital RF system that uses Canon Medical's technology. The new solution will prioritize patient comfort and workflow, and it is flexible, versatile, and sophisticated enough to fulfill the demanding requirements and high standards of the modern medical imaging environment.
Canon Medical at ECR 2022 has introduced the Vantage Fortian. The new MRI system includes cutting-edge workflow strategies, image enhancement, and expedited scan technologies, all of which work together to shorten the time needed for MRI treatments. Vantage Fortian is made to help patients move from the waiting area to the scan room and then to their homes. It has a mobile interface that enables remote monitoring, smooth data integration, and in-room scan assist technology that automatically verifies coils and the proper patient position.
At the 74th National Conference of IRIA 2022 in Bengaluru, India, Siemens Healthineers introduced the newest radiology products and technologies. Siemens Healthineers unveiled its distinctive solutions in the MRI and CT portfolio MAGNETOM Free. Star and NAEOTOM Alpha. MAGNETOM Free. Star is one of the latest scanners from Siemens Healthineers, built on our ground-breaking High-V MRI Platform. It is made using our most modern Dry Cool technology, has an extremely tiny footprint, is significantly easier to install, and is almost helium-free. The first CT in the world to count photons is NAEOTOM Alpha. NAEOTOM Alpha offers high-resolution images at low doses, spectrum information in every scan, and groundbreaking direct signal conversion based on its QuantaMax detector.
At the Radiological Society of North America (RSNA) annual meeting, Royal Philips, a world leader in health technology, announced new AI-enabled advancements in MR imaging. Faster MR exams, easier workflows, improved diagnostic quality, and assistance in ensuring the effectiveness and sustainability of radiology operations are all goals of Philips' new MR portfolio of intelligent integrated solutions.
GE has purchased BK Medical, a pioneer in cutting-edge surgical imaging, from Altaris Capital Partners for a cash purchase price of $1.45 billion. BK Medical is a pioneer in the fields of global intraoperative imaging and surgical navigation. Its products are used to direct surgeons during robotic and minimally invasive procedures, to view deep tissue during neurosurgery and abdominal surgery, and in ultrasound urology.
Top Companies Market Share in Diagnostic Imaging Equipment Industry: (In no particular order of Rank)
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North America is accounted largest revenue market share compared to the Asian Pacific and Europe. Various factors are the reason for increasing demand for the diagnostic imaging equipment markets in North America such as the rising prevalence of various chronic diseases such as cancer, CVD, and others in the region. Diagnostic imaging plays a significant role in the diagnosis of various diseases such as CVDs, cancer, and others. Therefore, there is an increasing demand for diagnostic equipment for the diagnosis of such diseases. The rising diagnosis rate for these diseases further encourages the demand for non-invasive imaging equipment in the region thus providing a significant opportunity to the market. The United States has a high number of rheumatoid arthritis cases, where arthritis most commonly begins between ages 30 and 60 in women. The high incidence of chronic diseases rises the demand for accurate diagnosis and plans of efficient and on-time treatment by the healthcare provider. The sector is well known for adopting new technology more quickly to better service the big patient base. North American regions are adopting different strategies, such as acquisitions, partnerships, mergers, partnerships, and strengthening distribution networks to fuel their growth and expansion of the market.
The current report Scope analyzes Diagnostic Imaging Equipment Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Diagnostic Imaging Equipment Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Diagnostic Imaging Equipment Industry growth. Diagnostic Imaging Equipment market has been segmented with the help of its Type, Application Portability , and others. Diagnostic Imaging Equipment market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
By Product Type diagnostic imaging equipment market is segmented into x-ray imaging, digital, analog, magnetic resonance imaging (MRI), ultrasound, computed tomography (CT-scan), nuclear imaging, tactile imaging, photoacoustic imaging, thermography, elastography, echocardiography, functional near-infrared spectroscopy. In which X-ray imaging and computed tomography (CT-Scan) held the largest revenue share in the market.
CT scans are used to quickly assess people who have suffered internal trauma-related wounds. They can be used to assess the spine, brain, abdomen, neck, and chest. Both hard and soft tissues can be seen in the photographs, allowing medical professionals to make decisions based on the images. CT scans are often carried out in both imaging facilities and hospitals, aiding medical professionals in discovering wounds and illnesses that were previously only detectable through surgery or autopsy. CT scans are relatively non-invasive and safe, despite their modest radiation dosages. They are used to detect minor anomalies in soft tissue, such as the brain and other organs, and can help research how diseases like cancer spread. There are several applications for CT scans, such as brain or head CT scans, chest CT scans, neck CT scans, spine CT scans, sinus CT scans, pelvic or aberrant CT scans, and others, depending on where the technologist directs the scan. The increase in CT scan applications is responsible for the market's growth. New opportunities for CT scans in different organ imaging have been made possible by recent advancements in sophisticated CT scanning. Due to all these factors, CT scan is highly demanded by healthcare professionals and patients, fueling the market growth.
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By Application, diagnostic imaging equipment market is segmented into oncology, neurology, cardiology, gastroenterology, orthopaedics, gynaecology, and others. Cardiology and orthopaedics held the largest revenue share in the market.
Orthopedics is a vast and complex branch of medicine that deals with fractures, soft tissue injuries, and other musculoskeletal issues. Orthopedic trauma is a significant injury to one or more organs or tissues of the musculoskeletal system. Automobile collisions and sports-related injuries are two of the most frequent causes of orthopedic trauma. According to WHO, Worldwide, 1.71 billion people suffer from musculoskeletal diseases. Low back pain is the single top cause of disability in 160 countries, and musculoskeletal diseases are the main cause of disability globally.
Orthopedic diseases and the methods and instruments used to diagnose and treat them are continually changing. Today's orthopedic surgeons and sports medicine experts can accurately detect conditions and injuries affecting the bones, muscles, ligaments, tendons, cartilage, and spine with the help of a wide range of imaging options. These test results are also used by orthopedists to develop a successful treatment strategy. X-rays and MRIs are two of the most popular diagnostic imaging techniques. X-rays always serve to identify fractures and joint dislocations because they can be used to see bones. A magnetic field and sophisticated computer technology are used in MRI to provide accurate and detailed images of soft tissues and skeletal components. Due to the wide use of diagnostic imaging in orthopedic conditions, market growth is boosted.
• Oncology
• Neurology
• Cardiology
• Gastroenterology
• Orthopaedics
• Gynaecology
• Others
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Diagnostic Imaging Equipment market report 2024 Edition by contacting our team.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses
I played a pivotal role in conducting market research and competitive analysis. I have a demonstrated ability to synthesize diverse data sources, identify trends, and translate findings into actionable recommendations. My collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization. I am committed to maintaining excellence through continuous learning and staying ahead of industry trends. Regular participation in conferences and professional development opportunities keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Diagnostic Imaging Equipment Market is witnessing significant growth in the near future.
In 2023, the X-Ray Imaging-( Digital segment accounted for noticeable share of global Diagnostic Imaging Equipment Market and is projected to experience significant growth in the near future.
The Oncology segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Fujifilm Holdings , Siemens Healthcare and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | X-Ray Imaging-( Digital, Analog), Magnetic Resonance Imaging (MRI)- (Open, Closed), Single-Photon Emission Computerized Tomography (SPECT), Hybrid Positron Emission Tomography (PET), Ultrasound- (2D, 3D, Doppler), Computed Tomography (CT-Scan), Tactile Imaging, Photoacoustic Imaging, Thermography, Elastography, Echocardiography, Functional Near-Infrared Spectroscopy, Nuclear Imaging, Mammography |
Application | Oncology, Neurology, Cardiology, Gastroenterology, Orthopaedics, Gynaecology, Others |
Portability | Stationary X-ray Imaging Systems, Portable X-ray Imaging Systems |
End Use | Hospitals, Specialty clinics, Diagnostic Centres, Research Centres |
List of Competitors | Fujifilm Holdings, GE Healthcare, Siemens Healthcare, Philips Healthcare, Neusoft Corporation, Shimadzu Corporation, CURA Healthcare, Toshiba Medical Systems Corporation (TMSC), Shanghai Lianying Medical Technology Co. Ltd., Carestream Health, Hitachi Medical Corporation, Hologic, Esaote, Samsung Medison Co. Ltd., canon medical system corporation, ESAOTE SPA, Allengers |
This chapter will help you gain GLOBAL Market Analysis of Diagnostic Imaging Equipment. Further deep in this chapter, you will be able to review Global Diagnostic Imaging Equipment Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Diagnostic Imaging Equipment Market Trends North America Diagnostic Imaging Equipment Technological Road Map North America Diagnostic Imaging Equipment Market Drivers North America Diagnostic Imaging Equipment Market Restraints North America Diagnostic Imaging Equipment Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
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Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Portability Analysis 2019 -2031
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Chapter 13 Market Split by End Use Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Diagnostic Imaging Equipment market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why X-Ray Imaging-( Digital have a significant impact on Diagnostic Imaging Equipment market? |
What are the key factors affecting the X-Ray Imaging-( Digital and Analog) of Diagnostic Imaging Equipment Market? |
What is the CAGR/Growth Rate of Oncology during the forecast period? |
By type, which segment accounted for largest share of the global Diagnostic Imaging Equipment Market? |
Which region is expected to dominate the global Diagnostic Imaging Equipment Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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