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Diagnostic Imaging - Global Market Trajectory & Analytics

  • ID: 4804820
  • Report
  • February 2022
  • Region: Global
  • 537 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Carestream Health, Inc.
  • Esaote SpA
  • GE Healthcare
  • Hitachi Ltd.
  • Koninklijke Philips NV
  • Samsung Medison Co., Ltd.

Global Diagnostic Imaging Market to Reach $34.6 Billion by 2027


Amid the COVID-19 crisis, the global market for Diagnostic Imaging estimated at US$24.8 Billion in the year 2020, is projected to reach a revised size of US$34.6 Billion by 2027, growing at a CAGR of 4.9% over the analysis period 2020-2027. X-ray Imaging, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$8.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Mri segment is readjusted to a revised 5.2% CAGR for the next 7-year period.



The U.S. Market is Estimated at $7.7 Billion, While China is Forecast to Grow at 7.1% CAGR


The Diagnostic Imaging market in the U.S. is estimated at US$7.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.1 Billion by the year 2027 trailing a CAGR of 7.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.

Ultrasound Segment to Record 4.2% CAGR


In the global Ultrasound segment, USA, Canada, Japan, China and Europe will drive the 3.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.3 Billion in the year 2020 will reach a projected size of US$4.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.7 Billion by the year 2027, while Latin America will expand at a 5.4% CAGR through the analysis period.

Select Competitors (Total 66 Featured) -

  • Carestream Health, Inc.
  • Esaote SpA
  • FUJIFILM Holdings Corporation
  • GE Healthcare
  • Hitachi Ltd.
  • Koninklijke Philips NV
  • Samsung Medison Co., Ltd.
  • Shimadzu Corporation
  • Siemens Healthineers
  • Toshiba Medical Systems Corporation
Frequently Asked Questions about the Global Market for Diagnostic Imaging

What is the estimated value of the Global Market for Diagnostic Imaging?

The Global Market for Diagnostic Imaging was estimated to be valued at $24.8 Billion in 2020.

What is the growth rate of the Global Market for Diagnostic Imaging?

The growth rate of the Global Market for Diagnostic Imaging is 4.9%, with an estimated value of $34.6 Billion by 2027.

What is the forecasted size of the Global Market for Diagnostic Imaging?

The Global Market for Diagnostic Imaging is estimated to be worth $34.6 Billion by 2027.

Who are the key companies in the Global Market for Diagnostic Imaging?

Key companies in the Global Market for Diagnostic Imaging include Carestream Health, Inc., Esaote SpA, FUJIFILM Holdings Corporation, GE Healthcare, Hitachi Ltd., Koninklijke Philips NV, Samsung Medison Co., Ltd., Shimadzu Corporation and Toshiba Medical Systems Corporation.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Carestream Health, Inc.
  • Esaote SpA
  • GE Healthcare
  • Hitachi Ltd.
  • Koninklijke Philips NV
  • Samsung Medison Co., Ltd.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Diagnostic Imaging – A Prelude
  • Global Diagnostic Imaging Market Set for a Strong Growth
  • Developed Regions: The Dominant Markets for Diagnostic Imaging
  • Developing Regions Exhibit the Fastest Growth
  • Increase in Number of Hospitals & Clinics Infuses Momentum in Developing Regions
  • Key Players
  • Diagnostic Imaging – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Segment Analysis
  • MRI Dominates the Global Diagnostic Imaging Market
  • Equipment Density Correlates With Number of Imaging Procedures: Magnetic Resonance Imaging (MRI) Units in Select Countries (Per Million Population) for the Year 2019
  • Global MRI Market by Application (2019): Percentage Breakdown of Procedure Volume for Brain, Cardiac & Vascular, Extremities, Full Body, Mammography, Spine and Others
  • Computed Tomography System (CT Scanner)
  • Ultrasound
  • Global Ultrasound Systems Market by Portability Type (2019): Percentage Breakdown of Unit Sales for Cart Systems and Point-of Care Systems
  • X-Ray
  • Nuclear Medicine
  • SPECT Dominates the Nuclear Medicine Market
  • Worldwide Installed Base of Nuclear Imaging Equipment by Modality (2019): Percentage Breakdown of Units Installed for PET and SPECT
  • PET

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Rapidly Growing Geriatric Population and the Rise in Associated Diseases Catalyze Growth
  • Rapidly Aging Population Spurs Demand for Diagnostic Imaging: Global Population of 65+ Individuals (In 000s) by Region for the Years 2015, 2020, 2025, 2030 & 2050
  • Rising Incidence of Chronic Diseases Propels the Demand for Medical Imaging
  • Rising Prevalence of Chronic Diseases Amplifies the Volume of Diagnostic Imaging Procedures: Global Cost of Chronic Diseases (In US$ Billion) for the Years 2018 and 2030
  • Growing Emphasis on Early Diagnosis is a Driving Factor for Diagnostic Imaging
  • Rising Healthcare Expenditure Impels Global Market
  • Oncology Diagnostic Imaging to Witness Rapid Growth
  • Global Cancer Incidence by Type: 2018
  • Technological Innovations Drive the Global Diagnostic Imaging Market
  • Growing Adoption of Hybrid Diagnostic Imaging Modalities
  • PET-CT: The Most Successful Fusion Imaging Technique
  • SPECT-CT
  • PET/MRI Continues to Makes Inroads
  • Ultrasound and MRI Imaging: An Efficient Combination
  • Rapid Adoption of Contrast-Enhanced Ultrasound (CEUS) Drives Market Growth
  • CT Imaging Gains Popularity
  • CCTA Gaining Traction in Coronary Arteries Imaging
  • Use of Blockchain in Diagnostic Imaging

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Diagnostic Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)

CANADA

JAPAN

  • Diagnostic Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)

CHINA

  • Diagnostic Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)

EUROPE

  • Diagnostic Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)

FRANCE

  • Diagnostic Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Diagnostic Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Diagnostic Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Diagnostic Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Diagnostic Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Diagnostic Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Diagnostic Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Diagnostic Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Diagnostic Imaging Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 66
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Carestream Health, Inc.
  • Esaote SpA
  • FUJIFILM Holdings Corporation
  • GE Healthcare
  • Hitachi Ltd.
  • Koninklijke Philips NV
  • Samsung Medison Co., Ltd.
  • Shimadzu Corporation
  • Siemens Healthineers
  • Toshiba Medical Systems Corporation
Note: Product cover images may vary from those shown