The global diagnostic imaging market is estimated to grow at a CAGR of +6% by 2020. Although the mature market such as North America and Europe hold larger share in diagnostic imaging market, the Asia-Pacific region is expected to grow at the highest CAGR of 7.2%. The growth of the diagnostic imaging market is primarily triggered by factors such as the increasing aging population, improving healthcare facilitates in emerging countries of Asia-Pacific and RoW region, geographic expansion of market players, and the government initiatives to fulfill healthcare needs. However, factors such as high cost of diagnostic imaging systems, growing preference of hospitals towards refurbished devices due to budget constraints, and reimbursement cuts in mature regions are restraining the growth of the diagnostic imaging market. Growing public-private investments by market players in the emerging regions of Asia-Pacific and RoW are creating opportunities for the growth of diagnostic imaging market in these regions.
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Based on application, the market is segmented into obstetrics/gynecology (OB/GYN) health, orthopedics and musculoskeletal, neurology and spine, cardiovascular and thoracic, general imaging, breast health, and others. Based on end user, the market is segmented into hospitals, diagnostic imaging centers, and other end users (including pharmaceutical & biotechnology companies, academic & research centers, sports academies, and CROs).
On the basis of product, the market is segmented into X-ray imaging systems, computed tomography (CT) scanners, ultrasound imaging systems, magnetic resonance imaging (MRI), 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 scanners are segmented by slice type. MRI systems are divided on the basis of architecture and field strength and the nuclear imaging systems market is categorized into SPECT and Hybrid PET systems. These systems are further divided into standalone and hybrid modalities.
From an insights perspective, this research report has focused on various levels of analysis—industry trends, market share analysis of top ten players, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the diagnostic imaging market, and high-growth regions and countries and their respective drivers, restraints, challenges, and opportunities.
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On the basis of products, the 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 by the type of slice. MRI systems are divided based on architecture and field strength.
The diagnostic imaging centers segment is expected to grow at the highest CAGR during the forecast period. Factors such as increasing number of private imaging centers fueled by the rising demand for diagnostic imaging procedures is driving the growth of this end user segment.
The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms in garnering greater market shares. Firms purchasing the report could use any one or a combination of the below-mentioned five strategies to strengthen their market shares.
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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