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Diagnostic Imaging Market by Product (X-ray Imaging Systems, CT Scanners (High-end, Mid-end & Low-end Slice CT), MRI Systems, Ultrasound Imaging Systems, Nuclear Imaging Systems), Region (NA, Europe, Asia-Pacific, RoW) - Global Forecast to 2020

  • ID: 3631251
  • March 2016
  • Region: Global, Europe
  • 209 Pages
  • Markets and Markets
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The Global Diagnostic Imaging Market Is Estimated to Grow at a CAGR of 6.2% in the Forecast Period (2015-2020)

FEATURED COMPANIES

  • Carestream Health
  • Esaote S.P.A
  • Fujifilm Corporation
  • Koninklijke Philips N.V.
  • Samsung Medison
  • Shimadzu Corporation
  • MORE

Rising incidence and prevalence of chronic diseases; growing awareness about early disease diagnosis; and increasing number of diagnostic imaging procedures are propelling the demand for imaging systems in healthcare facilities across the globe and aids as driving factors for the growth of diagnostic imaging market during the forecast period.

However, risk of high radiation exposure, high cost of diagnostic imaging systems and procedures, and technological limitations (especially of standalone systems) are some of the key restraints hampering the growth of the market. Furthermore, industry initiatives towards development of novel products and high demand for diagnostic imaging devices in emerging nations are further stimulating the demand for diagnostic imaging, globally.

Emerging markets, including India, China, Brazil, Australia, and South Africa have become attractive destinations for companies engaged in the development and marketing of diagnostic imaging products. Increasing incidence and prevalence of various diseases, growing awareness about early diagnosis, and huge population base, especially in India and China, are key factors propelling the demand for diagnostic imaging systems in these markets.

As of 2015, GE Healthcare (U.K.) held the leadership position in the global diagnostic imaging market. Over the past three years, the company adopted product launch, upgrades and approvals as its key business strategies to ensure its dominant position in this market. Besides GE Healthcare, Siemens Healthcare (Germany), Philips Healthcare (Netherlands), Hitachi Medical Corporation (Japan), , and Shimadzu Corporation (Japan) are some of the other key players in this market.

Scope of the Report

This report categorizes the global diagnostic imaging market into the following segments and subsegments:

Global Diagnostic Imaging Market, READ MORE >

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Carestream Health
  • Esaote S.P.A
  • Fujifilm Corporation
  • Koninklijke Philips N.V.
  • Samsung Medison
  • Shimadzu Corporation
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Diagnostic Imaging Market Definition
1.3 Diagnostic Imaging Market Scope
1.4 Markets Covered
1.4.1 Years Considered for the Study
1.5 Currency
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Data From Primary Sources
2.1.2.3 Key Industry Insights
2.2 Diagnostic Imaging Market Size Estimation
2.2.1.1 Bottom-Up Approach
2.2.1.2 Top-Down Approach
2.3 Diagnostic Imaging Market Breakdown and Data Triangulation
2.4 Research Assumptions

3 Executive Summary
3.1 Introduction
3.2 Current Scenario
3.3 Future Outlook
3.4 Conclusion

4 Premium Insights
4.1 Global Diagnostic Imaging Market Overview
4.2 Geographic Analysis: Diagnostic Imaging Market Share, By Product, 2015
4.3 Geographical Snapshot of the Diagnostic Imaging Market, 2015
4.4 Life Cycle Analysis, By Region

5 Market Overview
5.1 Introduction
5.2 Diagnostic Imaging Market Segmentation
5.3 Diagnostic Imaging Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Investments, Funds, and Grants By Government Bodies and Public-Private Partnerships Worldwide
5.3.1.2 Growth in the Number of Diagnostic Imaging Centers
5.3.1.3 Growing Prevalence of Cancer
5.3.1.4 Rising Geriatric Population and the Subsequent Growth in the Incidence and Prevalence of Various Diseases
5.3.1.5 Technological Advancements in Diagnostic Imaging Modalities
5.3.2 Restraints
5.3.2.1 Risk of High Radiation Exposure Will Limit the Use of CT Scanners
5.3.2.2 Shortage of Helium - A Major Concern for MRI Manufacturers and Healthcare Facilities
5.3.2.3 High Cost of Diagnostic Imaging Systems Affecting Their Rate of Adoption in Emerging Markets
5.3.2.4 Technological Limitations Associated With Standalone Systems Affecting Their Usage in Various Applications
5.3.2.5 Unfavorable Healthcare Reforms in the U.S.
5.3.3 Opportunities
5.3.3.1 High Demand for Diagnostic Imaging Devices and Improving Healthcare Infrastructure in Emerging Markets
5.3.3.2 Development of Low-Cost, Technologically Advanced Imaging Systems With Applications in Multiple Fields
5.3.3.3 Industry Initiatives Towards Development of Novel Products to Cater to Unmet Market Demands
5.3.4 Challenges
5.3.4.1 Hospital Budget Cuts
5.3.4.2 Increasing Adoption of Refurbished Diagnostic Imaging Systems
5.3.4.3 Dearth of Trained Personnel
5.4 Burning Issues
5.4.1 Significant Reimbursement Cuts to Negatively Affect Revenues of Standalone Imaging Centers and Patient Outcomes
5.4.2 Shortage in Supply of Technetium-99m is Expected to Restrain the Growth of the Spect Systems Market in the Coming Years
5.4.3 Pndt Act Limits Use of Ultrasound Technology in India
5.4.4 Increasing Focus on Replacement of Low-Field MRI Systems With High-Field MRI Systems

6 Diagnostic Imaging Market, By Product
6.1 Introduction
6.2 X-Ray Imaging Systems
6.2.1 X-Ray Imaging Systems Market, By Technology
6.2.1.1 Digital Imaging
6.2.1.1.1 Direct Radiography
6.2.1.1.2 Computed Radiography
6.2.1.2 Analog Imaging
6.2.2 X-Ray Imaging Systems Market, By Portability
6.2.2.1 Stationary X-Ray Devices
6.2.2.2 Portable X-Ray Devices
6.3 Computed Tomography (CT) Scanners
6.3.1 Computed Tomography (CT) Scanners Market, By Slice Type
6.3.1.1 High-End Slice CT
6.3.1.2 Mid-End Slice CT
6.3.1.3 Low-End Slice CT
6.4 Ultrasound Imaging Systems
6.4.1 Ultrasound Imaging Systems Market, By Technology
6.4.1.1 2D Imaging Systems
6.4.1.2 3D and 4D Imaging Systems
6.4.1.3 Doppler Imaging
6.4.2 Ultrasound Imaging Systems Market, By Portability
6.4.2.1 Trolley/Cart-Based Ultrasound Systems
6.4.2.2 Compact/Portable Ultrasound Systems
6.5 Magnetic Resonance Imaging (MRI)
6.5.1 MRI Systems Market, By Architecture
6.5.1.1 Closed MRI Systems
6.5.1.2 Open MRI Systems
6.5.2 MRI Systems Market, By Field Strength
6.5.2.1 High-Field MRI Systems
6.5.2.2 Very-High-Field Systems
6.5.2.3 Low-To-Mid-Field MRI Systems
6.5.2.4 Ultra-High-Field Systems
6.6 Nuclear Imaging Systems
6.6.1 Spect Scanners
6.6.1.1 Hybrid Spect Systems
6.6.1.2 Standalone Spect Systems
6.6.2 Hybrid Pet Systems

7 Diagnostic Imaging Market, By Region
7.1 Introduction
7.2 North America
7.2.1 U.S.
7.2.2 Canada
7.3 Europe
7.3.1 U.K.
7.3.2 Germany
7.3.3 France
7.3.4 Rest of Europe (RoE)
7.3.4.1 Russia
7.4 Asia-Pacific
7.4.1 China
7.4.2 Japan
7.4.3 India
7.4.4 Rest of Asia-Pacific (RoAPAC)
7.5 Rest of the World
7.5.1 Latin America
7.5.1.1 Brazil
7.5.2 The Middle East
7.5.3 Africa

8 Competitive Landscape
8.1 Introduction
8.2 Strategic Overview
8.3 Market Share Analysis, By Type of Modality and Key Players
8.3.1 X-Ray Imaging Systems Market
8.3.2 MRI Systems Market
8.3.3 CT Scanners Market
8.3.4 Ultrasound Imaging Systems Market
8.3.5 Nuclear Imaging Systems Market
8.4 Competitive Situation and Trends
8.4.1 Product Launches, Upgrades, and Approvals
8.4.2 Agreements, Partnerships, and Collaborations
8.4.3 Expansions
8.4.4 Mergers & Acquisitions
8.4.5 Other Developments

9 Company Profiles
(Overview, Financials, Products & Services, Strategy, & Developments)*
9.1 Introduction
9.2 GE Healthcare (General Electric Company)
9.3 Koninklijke Philips N.V.
9.4 Siemens Healthcare GmbH (Siemens AG)
9.5 Toshiba Medical Systems Corporation (Toshiba Corporation)
9.6 Hitachi Medical Corporation (Hitachi Ltd.)
9.7 Shimadzu Corporation
9.8 Carestream Health
9.9 Esaote S.P.A
9.10 Fujifilm Corporation
9.11 Samsung Medison

*Details on Financials, Product & Services, Strategy, & Developments Might Not Be Captured in Case of Unlisted Companies.

10 Appendix
10.1 Discussion Guide
10.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
10.3 Introducing RT: Real-Time Market Intelligence
10.4 Available Customizations
10.5 Related Reports

List of Tables

Table 1 Global Diagnostic Imaging Market Size, By Product, 2013-2020 (USD Million)
Table 2 X-Ray Imaging Systems Market Size, By Region, 2013-2020 (USD Million)
Table 3 Global X-Ray Imaging Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 4 Global X-Ray Digital Imaging Market Size, By Product, 2013-2020 (USD Million)
Table 5 X-Ray Digital Imaging Market Size, By Region, 2013-2020 (USD Million)
Table 6 X-Ray Digital Direct Radiography Market Size, By Region, 2013-2020 (USD Million)
Table 7 X-Ray Digital Computed Radiography Market Size, By Region, 2013-2020 (USD Million)
Table 8 X-Ray Analog Imaging Market Size, By Region, 2013-2020 (USD Million)
Table 9 Global X-Ray Imaging Systems Market Size, By Portability, 2013-2020 (USD Million)
Table 10 X-Ray Systems Market Size, By Region, 2013-2020 (USD Million)
Table 11 Stationary X-Ray Imaging Systems Market Size, By Region, 2013-2020 (USD Million)
Table 12 Portable X-Ray Imaging Systems Market Size, By Region, 2013-2020 (USD Million)
Table 13 CT Scanners Market Size, By Region, 2013-2020 (USD Million)
Table 14 Global CT Scanners Market Size, By Product, 2013-2020 (USD Million)
Table 15 High-End Slice CT Scanners Market Size, By Region, 2013-2020 (USD Million)
Table 16 Mid-End Slice CT Scanners Market Size, By Region, 2013-2020 (USD Million)
Table 17 Low-End Slice CT Scanners Market Size, By Region, 2013-2020 (USD Million)
Table 18 Ultrasound Systems Market Size, By Region, 2013-2020 (USD Million)
Table 19 Ultrasound Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 20 2D Imaging Ultrasound Systems Market Size, By Region, 2013-2020 (USD Million)
Table 21 3D & 4D Imaging Ultrasound Systems Market Size, By Region, 2013-2020 (USD Million)
Table 22 Doppler Imaging Ultrasound Systems Market Size, By Region, 2013-2020 (USD Million)
Table 23 Global Ultrasound Systems Market Size, By Portability, 2013-2020 (USD Million)
Table 24 Ultrasound Systems Market, By Region, 2013-2020 (USD Million)
Table 25 Trolley-Based Ultrasound Systems Market Size, By Region, 2013-2020 (USD Million)
Table 26 Compact/Portable Ultrasound Systems Market Size, , By Region, 2013-2020 (USD Million)
Table 27 MRI Systems Market Size, By Region, 2013-2020 (USD Million)
Table 28 Global MRI Systems Market Size, By Architecture, 2013-2020 (USD Million)
Table 29 Closed MRI Systems Market Size, By Region, 2013-2020 (USD Million)
Table 30 Open MRI Systems Market Size, By Region, 2013-2020 (USD Million)
Table 31 Global MRI Systems Market, By Field Strength, 2013-2020 (USD Million)
Table 32 MRI Systems Field Strength Market Size, By Region, 2013-2020 (USD Million)
Table 33 High-Field MRI Systems Market Size, By Region, 2013-2020 (USD Million)
Table 34 Very-High-Field MRI Systems Market Size, By Region, 2013-2020 (USD Million)
Table 35 Low-To-Mid-Field MRI Systems Market Size, By Region, 2013-2020 (USD Million)
Table 36 Ultra-High-Field MRI Systems Market Size, By Region, 2013-2020 (USD Million)
Table 37 Nuclear Imaging Systems Market Size, By Product, 2013-2020 (USD Million)
Table 38 Nuclear Imaging Systems Market Size, By Region, 2013-2020 (USD Million)
Table 39 Global Spect Systems Market, By Product, 2013-2020 (USD Million)
Table 40 Spect Systems Market Size, By Region, 2013-2020 (USD Million)
Table 41 Hybrid Spect Systems Market Size, By Region, 2013-2020 (USD Million)
Table 42 Standalone Spect Systems Market Size, By Region, 2013-2020 (USD Million)
Table 43 Hybrid Pet Systems Market Size, By Region, 2013-2020 (USD Million)
Table 44 Diagnostic Imaging Market Size, By Region, 2013-2020 (USD Million)
Table 45 North America: Diagnostic Imaging Market Size, By Product, 2013-2020 (USD Million)
Table 46 North America: X-Ray Imaging Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 47 North America: Digital X-Ray Imaging Systems Market Size, By Product, 2013-2020 (USD Million)
Table 48 North America: X-Ray Imaging Systems Market Size, By Portability, 2013-2020 (USD Million)
Table 49 North America: Ultrasound Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 50 North America: Ultrasound Systems Market Size, By Portability, 2013-2020 (USD Million)
Table 51 North America: MRI Systems Market Size, By Architecture, 2013-2020 (USD Million)
Table 52 North America: MRI Systems Market Size, By Field Strength, 2013-2020 (USD Million)
Table 53 North America: CT Scanners Market Size, By Product, 2013-2020 (USD Million)
Table 54 North America: Nuclear Imaging Systems Market Size, By Product, 2013-2020 (USD Million)
Table 55 North America: Spect Scanners Market Size, By Product, 2013-2020 (USD Million)
Table 56 Europe: Diagnostic Imaging Market Size, By Product, 2013-2020 (USD Million)
Table 57 Europe: X-Ray Imaging Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 58 Europe: Digital X-Ray Imaging Systems Market Size, By Product, 2013-2020 (USD Million)
Table 59 Europe: X-Ray Imaging Systems Market Size, By Portability, 2013-2020 (USD Million)
Table 60 Europe: Ultrasound Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 61 Europe: Ultrasound Systems Market Size, By Portability, 2013-2020 (USD Million)
Table 62 Europe: MRI Systems Market Size, By Architecture, 2013-2020 (USD Million)
Table 63 Europe: MRI Systems Market Size, By Field Strength, 2013-2020 (USD Million)
Table 64 Europe: CT Scanners Market Size, By Product, 2013-2020 (USD Million)
Table 65 Europe: Nuclear Imaging Systems Market Size, By Product, 2013-2020 (USD Million)
Table 66 Europe: Spect Scanners Market Size, By Product, 2013-2020 (USD Million)
Table 67 Asia-Pacific: Diagnostic Imaging Market Size, By Product, 2013-2020 (USD Million)
Table 68 Asia-Pacific: X-Ray Imaging Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 69 Asia-Pacific: Digital X-Ray Imaging Systems Market Size, By Product, 2013-2020 (USD Million)
Table 70 Asia-Pacific: X-Ray Imaging Systems Market Size, By Portability, 2013-2020 (USD Million)
Table 71 Asia-Pacific: Ultrasound Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 72 Asia-Pacific: Ultrasound Systems Market Size, By Portability, 2013-2020 (USD Million)
Table 73 Asia-Pacific: MRI Systems Market Size, By Architecture, 2013-2020 (USD Million)
Table 74 Asia-Pacific: MRI Systems Market Size, By Field Strength, 2013-2020 (USD Million)
Table 75 Asia-Pacific: CT Scanners Market Size, By Product, 2013-2020 (USD Million)
Table 76 Asia-Pacific: Nuclear Imaging Systems Market Size, By Product, 2013-2020 (USD Million)
Table 77 Asia-Pacific: Spect Scanners Market Size, By Product, 2013-2020 (USD Million)
Table 78 RoW: Diagnostic Imaging Market Size, By Product, 2013-2020 (USD Million)
Table 79 RoW: X-Ray Imaging Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 80 RoW: Digital X-Ray Imaging Systems Market Size, By Product, 2013-2020 (USD Million)
Table 81 RoW: X-Ray Imaging Systems Market Size, By Portability, 2013-2020 (USD Million)
Table 82 RoW: Ultrasound Systems Market Size, By Technology, 2013-2020 (USD Million)
Table 83 RoW: Ultrasound Systems Market Size, By Portability, 2013-2020 (USD Million)
Table 84 RoW: MRI Systems Market Size, By Architecture, 2013-2020 (USD Million)
Table 85 RoW: MRI Systems Market Size, By Field Strength, 2013-2020 (USD Million)
Table 86 RoW: CT Scanners Market Size, By Product, 2013-2020 (USD Million)
Table 87 RoW: Nuclear Imaging Systems Market Size, By Product, 2013-2020 (USD Million)
Table 88 RoW: Spect Scanners Market Size, By Product, 2013-2020 (USD Million)
Table 89 Product Launches, Upgrades, and Approvals, 2013-2016
Table 90 Agreements, Partnerships, and Collaborations, 2013-2015
Table 91 Expansions, 2013-2014
Table 92 Mergers & Acquisitions, 2013-2015
Table 93 Other Developments, 2013-2015

List of Figures

Figure 1 Research Design
Figure 2 Breakdown of Supply-Side Primary Interviews: By Company Type, Designation, and Region
Figure 3 Diagnostic Imaging Market: Bottom-Up Approach
Figure 4 Diagnostic Imaging Market: Top-Down Approach
Figure 5 Diagnostic Imaging Market: Data Triangulation
Figure 6 Diagnostic Imaging Market Size, By Product, 2015 vs 2020 (USD Million)
Figure 7 Global Diagnostic Imaging Market Share, By Product, 2015 (USD Million)
Figure 8 Global Diagnostic Imaging Market, By Region, 2015 (USD Million)
Figure 9 Increasing Incidence and Prevalence of Chronic Diseases is Driving Growth in the Diagnostic Imaging Market
Figure 10 X-Ray Imaging Systems Dominates the Diagnostic Imaging Market in 2015
Figure 11 Asia-Pacific to Witness the Highest Growth Rate in the Forecast Period (2015 to 2020)
Figure 12 Asia-Pacific Holds Lucrative Growth Opportunities
Figure 13 Diagnostic Imaging Market Segmentation
Figure 14 Diagnostic Imaging Products Market Segmentation
Figure 15 Diagnostic Imaging Market: Drivers, Restraints, Opportunities, and Challenges
Figure 16 Increasing Investments, Funds, and Grants By Government Bodies Worldwide to Drive Diagnostic Imaging Market Growth
Figure 17 Risk of High Radiation Exposure to Restrain Diagnostic Imaging Market Growth
Figure 18 Improving Healthcare Infrastructure and High Demand for Diagnostic Imaging Procedures in Emerging Markets to Offer New Growth Avenues for Market Players
Figure 19 Lack of Trained Workforce and Hospital Budget Cuts are Major Market Challenges
Figure 20 Diagnostic Imaging Market Segmentation, By Product
Figure 21 X-Ray Imaging Systems Command the Largest Share of the Diagnostic Imaging Products Market in 2015
Figure 22 X-Ray Imaging Systems Market Segmentation, By Technology
Figure 23 Digital Imaging Commands the Largest Share of the X-Ray Imaging Systems Market, By Technology, in 2015
Figure 24 CR & DR Systems: Advantages, Disadvantages, Similarities, & Differences
Figure 25 X-Ray Imaging Systems Market Segmentation, By Portability
Figure 26 Stationary X-Ray Imaging Systems Command the Largest Share of the X-Ray Imaging Systems Market, By Portability, in 2015
Figure 27 Computed Tomography (CT) Scanners Market Segmentation, By Slice Type
Figure 28 High-End Slice CT Scanners Command the Largest Share of the CT Scanners Market, By Slice Type, in 2015
Figure 29 Trends in Medical Ultrasound
Figure 30 Ultrasound Imaging Systems Market Segmentation, By Technology
Figure 31 2D Imaging Commands the Largest Share of the Ultrasound Imaging Systems Market, By Technology, in 2015
Figure 32 Ultrasound Imaging Systems Market Segmentation, By Portability
Figure 33 Trolley-Based Systems Command the Largest Share of the Ultrasound Imaging Systems Market, By Portability, in 2015
Figure 34 MRI Systems Market Segmentation, By Architecture
Figure 35 Closed MRI Systems Command the Largest Share of the MRI Systems Market, By Architecture, in 2015
Figure 36 MRI Systems Market Segmentation, By Field Strength
Figure 37 High-Field Systems Command the Largest Share of the MRI Systems Market, By Field Strength, in 2015
Figure 38 Nuclear Imaging Systems Market Segmentation, By Product
Figure 39 Spect Systems Command the Largest Share of the Nuclear Imaging Systems Market, By Product, in 2015
Figure 40 Diagnostic Imaging Market Segmentation, By Region
Figure 41 Asia-Pacific Diagnostic Imaging Market to Grow at the Highest Rate During the Forecast Period
Figure 42 North America: Diagnostic Imaging Market Snapshot (2015)
Figure 43 Europe: Diagnostic Imaging Market Snapshot (2015)
Figure 44 Asia-Pacific: Diagnostic Imaging Market Snapshot (2015)
Figure 45 RoW: Diagnostic Imaging Market Snapshot (2015)
Figure 46 Leading Market Players Adopted Product Launches, Upgrades, and Approvals as Their Key Growth Strategy From 2014 to 2016
Figure 47 Global X-Ray Imaging Systems Market Share, By Key Player (2015)
Figure 48 Global MRI Systems Market Share, By Key Player (2015)
Figure 49 Global CT Scanners Market Share, By Key Player (2015)
Figure 50 Global Ultrasound Imaging Systems Market Share, By Key Player (2015)
Figure 51 Global Nuclear Imaging Systems Market Share, By Key Player (2015)
Figure 52 Product Launches, Upgrades, and Approvals Was the Key Strategy
Figure 53 Geographic Revenue Mix of Top Market Players
Figure 54 Company Snapshot: General Electric Company
Figure 55 Company Snapshot: Koninklijke Philips N.V.
Figure 56 Company Snapshot: Siemens Ag
Figure 57 Company Snapshot: Toshiba Corporation
Figure 58 Company Snapshot: Hitachi Ltd.
Figure 59 Company Snapshot: Shimadzu Corporation
Figure 60 Company Snapshot: Fujifilm Corporation
Figure 61 Company Snapshot: Samsung Electronics

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Carestream Health
  • Esaote S.P.A
  • Fujifilm Corporation
  • Koninklijke Philips N.V.
  • Samsung Medison
  • Shimadzu Corporation
  • MORE

Diagnostic imaging helps doctors to look inside a human body for clues about a medical condition. Various types of modalities and techniques are used to create pictures of the structures and activities inside the human body which plays an important role in initiatives to improve public health of all population groups. The type of diagnostic imaging system used depends on the symptoms to be diagnosed as well as the body parts. In the past ten years, the global diagnostic imaging market has witnessed challenging and dynamic market conditions due to the presence of high competition amongst market players and increasing burden and awareness regarding diagnostic procedures.

The diagnostic imaging market is expected to reach USD 33.42 Billion by 2020 from USD 24.72 Billion in 2015, growing at a CAGR of 6.2% between 2015 and 2020. Various factors such as increasing incidence and prevalence of chronic diseases across the globe, technological advancements in the imaging systems, growing government investments for modernization of imaging facilities, and the rising number of private imaging centers are driving the growth of this market. However, hospital budget cuts, increasing adoption of refurbished diagnostic imaging systems and dearth of trained professionals is posing significant challenges for market growth.

On the basis of products, the diagnostic imaging market is segmented into X-ray imaging systems, computed tomography (CT) scanners, ultrasound imaging systems, magnetic resonance imaging (MRI) systems, and nuclear imaging systems. Each modality is further divided into subsegments. The X-ray and ultrasound systems market is divided on the basis of technology and portability; whereas, CT systems are divided on the type of slice. MRI systems are divided on the basis of type of architecture and field strength. The nuclear imaging systems market is categorized into SPECT and PET systems, which are further divided into standalone and hybrid modalities.

X-ray imaging systems accounted for the largest share of the global diagnostic imaging market, by product, in 2015. Its large share is due to factors such as growing demand for mobile X-ray systems, retrofit upgrade kits, growth in the number of hospitals and diagnostic centers, advances in digital technology, painless and non-invasive procedures, low prices as compared to other modalities, increase in aging population and rising incidences of injuries and diseases.

Geographically, the market is classified into four regions—North America, Europe, Asia-Pacific, and the Rest of the World. In 2015, North America commanded the largest share of 33.4% of the global diagnostic imaging market, followed by Europe and Asia-Pacific. The Asia-Pacific market is poised to grow at the highest CAGR during the forecast period. This growth can be attributed to key factors such as improving healthcare infrastructure & healthcare spending, improving reimbursement and insurance coverage facilities, and large number of ongoing research activities in the region.

The diagnostic imaging market is highly competitive owing to the presence of a number of large and small firms. With improving public health for all population groups, the global diagnostic imaging market has been witnessing several product innovations. New product launches and product pipeline enhancements were the key growth strategies adopted by market players to strengthen their position in this market.

Major players in the global diagnostic imaging market are GE Healthcare (General Electric Company, U.K.), Siemens Healthcare GmBH (Siemens AG, Germany), Koninklijke Philips N.V. (The Netherlands), Toshiba Medical Systems Corporation (Toshiba Corporation, Japan), Hitachi Medical Corporation (Hitachi Ltd., Japan), Carestream Health, Inc. (U.S.), Esaote S.p.A (Italy), Hologic, Inc. (U.S.), Samsung Medison (South Korea), and Shimadzu Corporation (Japan).

Exteneded Description

Rising incidence and prevalence of chronic diseases; growing awareness about early disease diagnosis; and increasing number of diagnostic imaging procedures are propelling the demand for imaging systems in healthcare facilities across the globe and aids as driving factors for the growth of diagnostic imaging market during the forecast period.

However, risk of high radiation exposure, high cost of diagnostic imaging systems and procedures, and technological limitations (especially of standalone systems) are some of the key restraints hampering the growth of the market. Furthermore, industry initiatives towards development of novel products and high demand for diagnostic imaging devices in emerging nations are further stimulating the demand for diagnostic imaging, globally.

Emerging markets, including India, China, Brazil, Australia, and South Africa have become attractive destinations for companies engaged in the development and marketing of diagnostic imaging products. Increasing incidence and prevalence of various diseases, growing awareness about early diagnosis, and huge population base, especially in India and China, are key factors propelling the demand for diagnostic imaging systems in these markets.

As of 2015, GE Healthcare (U.K.) held the leadership position in the global diagnostic imaging market. Over the past three years, the company adopted product launch, upgrades and approvals as its key business strategies to ensure its dominant position in this market. Besides GE Healthcare, Siemens Healthcare (Germany), Philips Healthcare (Netherlands), Hitachi Medical Corporation (Japan), , and Shimadzu Corporation (Japan) are some of the other key players in this market.

Scope of the Report

This report categorizes the global diagnostic imaging market into the following segments and subsegments:

Global Diagnostic Imaging Market, by Product

- X-ray Systems
-- Market, by Technology
--- Digital Imaging
---- Computed Radiography
---- Direct Radiography
--- Analog Imaging
-- Market, by Portability
--- Stationary Devices
--- Portable Devices
- Computed Tomography (CT) Scanners
-- High-end Slice
-- Mid-end Slice
-- Low-end Slice
- Ultrasound Systems
-- Market, by Technology
--- 2D Imaging
--- 3D and 4D Imaging
--- Doppler Imaging
-- Market, by Portability
--- Trolley/Cart-based Devices
--- Compact/Portable Devices
- Magnetic Resonance Imaging (MRI) Systems
-- Market, by Architecture
--- Closed MRI Devices
--- Open MRI Devices
-- Market, by Field Strength
--- Low-to-mid-field Systems
--- High-field Systems
--- Very-high-field Systems
--- Ultra-high-field Systems
- Nuclear Imaging Systems [Single-photon Emission Computed Tomography (SPECT) and Photon Emission Tomography (PET) Systems]
-- SPECT Market
--- Standalone Systems
--- Hybrid Systems
-- Hybrid PET Market

Global Diagnostic Imaging Market, by Region

- North America
-- U.S.
-- Canada
- Europe
-- U.K.
-- Germany
-- France
-- RoE
- Asia-Pacific
-- China
-- Japan
-- India
-- RoAPAC
- Rest of the World (RoW)
-- Latin America
-- Middle East
-- Africa

Note: Product cover images may vary from those shown
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- Carestream Health
- Esaote S.P.A
- Fujifilm Corporation
- GE Healthcare (General Electric Company)
- Hitachi Medical Corporation (Hitachi Ltd.)
- Koninklijke Philips N.V.
- Samsung Medison
- Shimadzu Corporation
- Siemens Healthcare GmbH (Siemens AG)
- Toshiba Medical Systems Corporation (Toshiba Corporation)

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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