Medical/Diagnostic Imaging Market - Forecasts From 2018 to 2023

The global Medical/Diagnostic Imaging market is expected to reach US$37.273 billion by 2023 from US$27.672 billion in 2017. Medical imaging consists of different imaging modalities and processes to image the human body for diagnostic and treatment purposes. A variety of machines and techniques are used to create the pictures of the structures and activities inside your body. The type of imaging techniques used depends on the symptoms and part of the body to be examined. The market is expected to show a robust growth at a CAGR of 5.09%. The growth in the medical/diagnostic imaging market may be attributed to the continuous technological advancements in diagnostic imaging modalities. Rising prevalence of chronic diseases such as cancer, cardiovascular and neurological disorders requiring medical imaging for diagnosis will also have a positive impact on the market growth. Growth in the number of diagnostic imaging centers will also boost the market for the medical/diagnostic imaging during the given forecast period. However, high cost of the medical imaging systems coupled with the rising adoption of the refurbished medical imaging devices may hamper the growth of the market during the given time frame.

This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical region. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.

Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global Medical/Diagnostic Imaging market value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.

Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the global Medical/Diagnostic Imaging market.

Major industry players profiled as part of the report are Fujifilm Corporation, Canon Medical Systems Corporation and Koninklijke Philips N.V. among others.

Segmentation

By Type

X-Ray Imaging Systems
Magnetic Resonance Imaging (MRI) Systems
Ultrasound Systems
Computerised Tomography (CT) Scanners
Nuclear Imaging Systems

By Applications

Cardiovascular
Oncology
Neurology
Gynaecology
Others

By End Users

Hospitals
Diagnostic Centers
Others

By Geography

North America
United States
Canada
Others

South America
Brazil
Argentina
Others

Europe
United Kingdom
Germany
France
Others

Middle East and Africa
Saudi Arabia
UAE
Israel
Others

Asia Pacific
China
India
Australia
South Korea
Others