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Diagnostic Imaging Market, Global Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

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    Report

  • 140 Pages
  • January 2023
  • Region: Global
  • Renub Research
  • ID: 5715830

Worldwide Diagnostic Imaging Market was US$ 35.11 Billion in 2022

Global Diagnostic Imaging Market is anticipated to reach US$ 49.29 Billion by 2028 growing with a CAGR of 5.82% from 2022 to 2028. Diagnostic imaging includes a number of methods for evaluating the body to make a diagnosis and identify the cause of an illness or injury. It is also used by doctors to determine how well a patient's body responds to fracture or illness therapy. In addition, diagnostic imaging procedures like ultrasound, X-ray, MRI, etc., can visualize inside body organs so patients can access better care.

Worldwide Diagnostic Imaging Market was US$ 35.11 Billion in 2022

The demand for point-of-care imaging systems and the surge in enhanced optical image demand for more accurate disease and disorder detection are the main reasons driving the expansion of the global diagnostic imaging market. Additionally, the rise in chronic disease prevalence and technological developments in medical imaging are anticipated to expand the market. Furthermore, the increased R&D in imaging technologies, growth in approved products, and growth of hospitals and diagnostic facilities, as well as government and private organization initiatives to enhance the medical sector, influence market trends for global diagnostic imaging.

X-Ray is largely used in the Diagnostic Imaging Market

By product, the X-ray segment dominated the global diagnostic imaging market. The surge in the usage of interventional x-ray equipment, such as C-arms and others, for image-guided surgeries, is the main factor driving this segment's rise. Furthermore, the ultrasound segment will grow during the forecast period because of the surge in ultrasonic applications. Additionally, new applications for ultrasound devices in biomedical and cardiovascular imaging have been made possible by recent advancements in advanced ultrasound transducers.

By Application: Orthopedic Segment holds a Lion's Market Share

The demand for the orthopedics market is increasing due to the rise in ageing population and an increase in accidents. Additionally, the availability of various diagnostic tools is promoting market expansion. Furthermore, the cardiovascular and oncology segment also holds a significant share due to the increased prevalence of cardiovascular and oncology diseases, rise in technological advancement, and better reimbursement policy.

Hospital Segment Acquires the Majority of the Market Share

Based on end-user, the global diagnostic market is divided into hospitals, diagnostic centers, and others. The primary driver of the hospital segment's growth is the widespread adoption of public and private hospitals worldwide. In addition, rising investments in constructing technologically advanced hospitals equipped with modern diagnostic imaging technology will further contribute to the segment's growth. Furthermore, Diagnostic Centers will upsurge during the forecast period due to the expansion of private imaging centers and the rising demand for diagnostic imaging procedures.

North America dominates the Diagnostic Imaging Market

North American region leads the global diagnostic imaging market. The main drivers of regional market expansion are the rise in the prevalence of chronic disease, the presence of numerous industry players, and the frequent introduction of new products in the region. Furthermore, due to favorable reimbursement scenarios and funding from market players, the North American region shows strong adoption of advanced and high-end medical imaging equipment. Additionally, the Asia Pacific region will grow during the forecast period due to expansion in hospitals, a surge in demand for early diagnosis, an increase in the prevalence of cancer and heart disease, and an increase in the geriatric population.

Key Players Analysis:

FUJIFILM VisualSonics Inc., Canon Medical Systems Corporation, Bruker, PerkinElmer Inc., Hitachi, Hologic, Radnet, and Koninklijke Philips are the leading market players in the Global Diagnostic Imaging Market. The numerous development strategies, such as introducing new products with various characteristics, promote market expansion and present profitable expansion prospects to the market participants.

The publisher's latest report “Diagnostic Imaging Market Global Forecast by Product (X-Ray, CT, Ultrasound, MRI, Nuclear Imaging, Others), by Application (Orthopedics, Cardiovascular, Neurology, Pelvic & Abdomen, Oncology), by End User (Hospitals, Diagnostic Centres, Others), by Region (North America, Europe, Asia Pacific, South America, Middle East & Africa), Key Players Analysis (FUJIFILM VisualSonics Inc., Canon Medical Systems Corporation, Bruker, PerkinElmer Inc., Hitachi, Hologic, Radnet and Koninklijke Philips)” provides a detailed analysis of Diagnostic Imaging Industry.

Product - Global Diagnostic Imaging Market has been covered from 6 viewpoints

1. X-Ray
2. CT
3. Ultrasound
4. MRI
5. Nuclear Imaging
6. Others

Application - Global Diagnostic Imaging Market has been covered from 5 viewpoints

1. Orthopedics
2. Cardiovascular
3. Neurology
4. Pelvic & Abdomen
5. Oncology

End Users - Global Diagnostic Imaging Market has been covered from 3 viewpoints

1. Hospitals
2. Diagnostic Centres
3. Others

Region - Global Diagnostic Imaging Market has been covered from 5 viewpoints

1. North America
2. Europe
3. Asia Pacific
4. South America
5. Middle East & Africa

Key Players

1. FUJIFILM VisualSonics Inc.
2. Canon Medical Systems Corporation
3. Bruker
4. PerkinElmer Inc.
5. Hitachi
6. Hologic
7. Radnet
8. Koninklijke Philips
Frequently Asked Questions about the Diagnostic Imaging Market

What is the estimated value of the Diagnostic Imaging Market?

The Diagnostic Imaging Market was estimated to be valued at $35.11 Billion in 2022.

What is the growth rate of the Diagnostic Imaging Market?

The growth rate of the Diagnostic Imaging Market is 5.8%, with an estimated value of $49.29 Billion by 2028.

What is the forecasted size of the Diagnostic Imaging Market?

The Diagnostic Imaging Market is estimated to be worth $49.29 Billion by 2028.

Who are the key companies in the Diagnostic Imaging Market?

Key companies in the Diagnostic Imaging Market include FUJIFILM VisualSonics Inc., Canon Medical Systems Corporation, Bruker, PerkinElmer Inc., Hitachi, Hologic and Koninklijke Philips.

Table of Contents

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges

5. Global Diagnostic Imaging Market

6. Market Share - Global Diagnostic Imaging Market
6.1 By Product
6.2 By Application
6.3 By End User
6.4 By Region

7. Product - Global Diagnostic Imaging Market
7.1 X-Ray
7.2 CT
7.3 Ultrasound
7.4 Nuclear Imaging
7.5 Others

8. Application - Global Diagnostic Imaging Market
8.1 Orthopedics
8.2 Cardiovascular
8.3 Neurology
8.4 Pelvic & Abdomen
8.5 Oncology

9. End User - Global Diagnostic Imaging Market
9.1 Hospitals
9.2 Diagnostic Centers
9.3 Others

10. Region - Global Diagnostic Imaging Market
10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 South America
10.5 Middle East & Africa

11. Company Analysis
11.1 FUJIFILM VisualSonics Inc.
11.1.1 Overview
11.1.2 Recent Development
11.1.3 Financial Insight
11.2 Canon Medical Systems Corporation
11.2.1 Overview
11.2.2 Recent Development
11.2.3 Financial Insight
11.3 Bruker Corporation
11.3.1 Overview
11.3.2 Recent Development
11.3.3 Financial Insight
11.4 PerkinElmer Inc.
11.4.1 Overview
11.4.2 Recent Development
11.4.3 Financial Insight
11.5 Hitachi
11.5.1 Overview
11.5.2 Recent Development
11.5.3 Financial Insight
11.6 Hologic
11.6.1 Overview
11.6.2 Recent Development
11.6.3 Financial Insight
11.7 Radnet
11.7.1 Overview
11.7.2 Recent Development
11.7.3 Financial Insight
11.8 Koninklijke Philips
11.8.1 Overview
11.8.2 Recent Development
11.8.3 Financial Insight

List of Figures:
Figure 01: Global - Diagnostic Imaging Market (Billion US$), 2018 - 2022
Figure 02: Global - Forecast for Diagnostic Imaging Market (Billion US$), 2023 - 2028
Figure 03: Product - X-Ray Market (Billion US$), 2018 - 2022
Figure 04: Product - Forecast for X-Ray Market (Billion US$), 2023 - 2028
Figure 05: Product - CT Market (Billion US$), 2018 - 2022
Figure 06: Product - Forecast for CT Market (Billion US$), 2023 - 2028
Figure 07: Product - Ultrasound Market (Billion US$), 2018 - 2022
Figure 08: Product - Forecast for Ultrasound Market (Billion US$), 2023 - 2028
Figure 09: Product - Nuclear Imaging Market (Billion US$), 2018 - 2022
Figure 10: Product - Forecast for Nuclear Imaging Market (Billion US$), 2023 - 2028
Figure 11: Product - Others Market (Billion US$), 2018 - 2022
Figure 12: Product - Forecast for Others Market (Billion US$), 2023 - 2028
Figure 13: Application - Orthopedics Market (Billion US$), 2018 - 2022
Figure 14: Application - Forecast for Orthopedics Market (Billion US$), 2023 - 2028
Figure 15: Application - Cardiovascular Market (Billion US$), 2018 - 2022
Figure 16: Application - Forecast for Cardiovascular Market (Billion US$), 2023 - 2028
Figure 17: Application - Neurology Market (Billion US$), 2018 - 2022
Figure 18: Application - Forecast for Neurology Market (Billion US$), 2023 - 2028
Figure 19: Application - Pelvic & Abdomen Market (Billion US$), 2018 - 2022
Figure 20: Application - Forecast for Pelvic & Abdomen Market (Billion US$), 2023 - 2028
Figure 21: Application - Oncology Market (Billion US$), 2018 - 2022
Figure 22: Application - Forecast for Oncology Market (Billion US$), 2023 - 2028
Figure 23: End User - Hospitals Market (Billion US$), 2018 - 2022
Figure 24: End User - Forecast for Hospitals Market (Billion US$), 2023 - 2028
Figure 25: End User - Diagnostic Centers Market (Billion US$), 2018 - 2022
Figure 26: End User - Forecast for Diagnostic Centers Market (Billion US$), 2023 - 2028
Figure 27: End User - Others Market (Billion US$), 2018 - 2022
Figure 28: End User - Forecast for Others Market (Billion US$), 2023 - 2028
Figure 29: North America - Diagnostic Imaging Market (Billion US$), 2018 - 2022
Figure 30: North America - Forecast for Diagnostic Imaging Market (Billion US$), 2023 - 2028
Figure 31: Europe - Diagnostic Imaging Market (Billion US$), 2018 - 2022
Figure 32: Europe - Forecast for Diagnostic Imaging Market (Billion US$), 2023 - 2028
Figure 33: Asia Pacific - Diagnostic Imaging Market (Billion US$), 2018 - 2022
Figure 34: Asia Pacific - Forecast for Diagnostic Imaging Market (Billion US$), 2023 - 2028
Figure 35: South America - Diagnostic Imaging Market (Billion US$), 2018 - 2022
Figure 36: South America - Forecast for Diagnostic Imaging Market (Billion US$), 2023 - 2028
Figure 37: Middle East & Africa - Diagnostic Imaging Market (Million US$), 2018 - 2022
Figure 38: Middle East & Africa - Forecast for Diagnostic Imaging Market (Million US$), 2023 - 2028
Figure 39: FUJIFILM VisualSonics Inc. - Global Revenue (Billion US$), 2018 - 2022
Figure 40: FUJIFILM VisualSonics Inc. - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 41: Canon Medical Systems Corporation - Global Revenue (Billion US$), 2018 - 2022
Figure 42: Canon Medical Systems Corporation - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 43: Bruker Corporation - Global Revenue (Billion US$), 2018 - 2022
Figure 44: Bruker Corporation - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 45: PerkinElmer Inc. - Global Revenue (Billion US$), 2018 - 2022
Figure 46: PerkinElmer Inc. - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 47: Hitachi - Global Revenue (Billion US$), 2018 - 2022
Figure 48: Hitachi - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 49: Hologic - Global Revenue (Billion US$), 2018 - 2022
Figure 50: Hologic - Forecast for Global Revenue (Billion US$), 2023 - 2028
Figure 51: Radnet - Global Revenue (Million US$), 2018 - 2022
Figure 52: Radnet - Forecast for Global Revenue (Million US$), 2023 - 2028
Figure 53: Koninklijke Philips - Global Revenue (Billion US$), 2018 - 2022
Figure 54: Koninklijke Philips - Forecast for Global Revenue (Billion US$), 2023 - 2028

List of Tables:
Table 01: Global - Diagnostic Imaging Market Share by Product (Percent), 2018 - 2022
Table 02: Global - Forecast for Diagnostic Imaging Market Share by Product (Percent), 2023 - 2028
Table 03: Global - Diagnostic Imaging Market Share by Application (Percent), 2018 - 2022
Table 04: Global - Forecast for Diagnostic Imaging Market Share by Application (Percent), 2023 - 2028
Table 05: Global - Diagnostic Imaging Market Share by End User (Percent), 2018 - 2022
Table 06: Global - Forecast for Diagnostic Imaging Market Share by End User (Percent), 2023 - 2028
Table 07: Global - Diagnostic Imaging Market Share by Region (Percent), 2018 - 2022
Table 08: Global - Forecast for Diagnostic Imaging Market Share by Region (Percent), 2023 - 2028

Companies Mentioned

  • FUJIFILM VisualSonics Inc.
  • Canon Medical Systems Corporation
  • Bruker
  • PerkinElmer Inc.
  • Hitachi
  • Hologic
  • Radnet
  • Koninklijke Philips

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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