As per the analysis, the Global Diagnostic Imaging Equipment Market was found to be USD 24.15 billion in 2020 and growing at a CAGR of 5.10% during the forecast period (2021 to 2026); it is expected to reach USD 33.56 billion by 2026. The Global Diagnostic Imaging Equipment Market is expected to grow owing to the growth in technological advancement, the rising burden of chronic diseases, growing patient awareness regarding early-stage diagnosis, and rising demand for effective & efficient imaging technologies for diagnosis, among others. Some of the leading MedTech giants in the Diagnostic Imaging Equipment market include GE Healthcare, Canon Medical Systems Corporation, FUJIFILM Holdings Corporation, Hologic Corporation, Koninklijke Philips N.V., Siemens Healthineers, Samsung Electronics Co., Ltd., and others.
DelveInsight’s “Diagnostic Imaging Equipment Market Forecast 2026” research report provides the current and forecasted Diagnostic Imaging Equipment Market size, share, and trends analysis for the next five years, upcoming innovations in the segment, and major market drivers & barriers. The report also covers the key competitors and emerging devices in the domain.
Diagnostic Imaging Equipment Market: Overview
Diagnostic Imaging Equipment is a device that is used for the diagnosis of various diseases in the medical field. It is a common technique to visualize physical diagnosis in the clinical community. Devices such as X-rays, CT Scans, and MRIs are among a few of the diagnostic imaging equipment.
DelveInsight’s “Diagnostic Imaging Equipment Market Report” provides an in-depth assessment of the market based on segmentation such as product type (X-Ray Imaging Systems, Computed Tomography (CT) Scanners, Ultrasound Systems, Magnetic Resonance Imaging (MRI) Systems, Nuclear Imaging Systems, Mammography Systems, and others), by application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, and others applications), and by end-user (hospitals, diagnostic imaging centers, and others), and Diagnostic Imaging Equipment Market by Geography (North America, Europe, Asia-Pacific, and Rest of the World). The computed tomography scanners market segment will hold the majority of the share in the Global Diagnostic Imaging Equipment market owing to the several advantages associated with these pieces of equipment and rising demand.
Diagnostic Imaging Equipment Market Analysis
As per DelveInsight, the Diagnostic Imaging Equipment Market will grow immensely in the coming years due to the rising burden of chronic diseases worldwide and the critical role played by the medical imaging procedure in the precise diagnosis of chronic diseases. Cardiovascular disease, obesity, and diabetes are the major contributors to chronic disease and deaths worldwide. An increase in the aging population and changes in social behavior is anticipated to contribute to the constant increase in these common and expensive long-term health problems. The rising cases of chronic diseases will contribute proportionally to the Global Diagnostic Imaging Equipment Market growth. Moreover, technological advancements in the medical imaging field will also propel market growth.
Due to the Covid-19 outbreak, the Diagnostic Imaging Equipment Market reported a short period of a setback in market growth. Policy measures adopted to slow the transmission of disease lead to a decrease in the demand for Diagnostic Imaging Equipment. However, with the active vaccination and slower transmission of Covid-19, the situation is improving, which is expected to uplift the Diagnostic Imaging Equipment Market growth in the coming years. Certain factors other than the COVID pandemic, such as product recalls, side effects associated with the devices, and also the high cost of the devices may limit the market growth.
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Diagnostic Imaging Equipment – Global Market Assessment and Forecast
North America is predicted to dominate the overall Diagnostic Imaging Equipment market in the coming years. Some of the key factors, such as improved reimbursement policies for diagnostic imaging, easy accessibility to diagnostic imaging modalities, and high adoption of technological advancements owing to the rise in healthcare expenditure by the US government, are anticipated to drive the Diagnostic Imaging Equipment Market growth in the region. Rising product launches and commercialization agreements among key manufacturers and other companies will also boost the market.
Europe and Asia-Pacific region have the potential to exhibit high growth for Global Diagnostic Imaging Equipment owing to the rising burden of the geriatric population in these two regions. Moreover, rapid urbanization, increased disposable income, improved government funding towards chronic disorders management, and growing awareness about early diagnosis of diseases will also stimulate market growth in a positive direction.
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Over the years, the Diagnostic Imaging Equipment Market has evolved significantly owing to the active participation of global MedTech companies and technological advancements in the domain.
Some of the major advancements in the Diagnostic Imaging Equipment Market in recent years are –
- On December 5, 2022, Imagen Technologies, Inc. announced the US FDA’s 510(k) clearance of the computer-assisted detection (CADe) device Aorta-CAD. This new, FDA-cleared device is designed to assist physicians in detecting findings on chest X-rays that suggest Aortic Atherosclerosis and Aortic Ectasia.
- On November 30, 2022, NeuroLogica Corp., a subsidiary of Samsung Electronics Co. Ltd., announced that its head-to-toe trauma imaging solution, the BodyTom® 64 Point-of-Care Mobile Computed Tomography (CT) Scanner, has received 510(k) clearance from the US FDA for commercial use in the United States.
- On November 30, 2020, Canon Medical Systems Corporation and Sansei Corporation announced the commercial release of a new medical container CT system (MC-Cube) equipped with measures to prevent the spread of infectious diseases.
- In November 2020, Shimadzu Corporation announced the global sales release of a new general radiography solution, RADspeed Pro style edition with GLIDE Technology™.
As per DelveInsight, the ongoing clinical & commercial development activities and research in the domain will contribute immensely to the Diagnostic Imaging Equipment Market growth in the coming years.
Learn more about the ongoing development in the market @ Diagnostic Imaging Equipment Market – Clinical and Commercial Development Activities
The leading MedTech giants operating in the Diagnostic Imaging Equipment market include GE Healthcare, Canon Medical Systems Corporation, FUJIFILM Holdings Corporation, Hologic Corporation, Koninklijke Philips N.V., Siemens Healthineers, Samsung Electronics Co., Ltd., and others.
As per DelveInsight, due to the very high growth rate and positive return, several new players are expected to enter the Diagnostic Imaging Equipment Market in the coming years. The entry of new players and the launch of emerging products will immensely drive market growth.
Learn how new players’ entries will transform the market dynamics in the coming years @ Diagnostic Imaging Equipment Market Trends and Competitive Landscape
Scope of the Diagnostic Imaging Equipment Market Report:
- Study Period – 2019-2026
- Diagnostic Imaging Equipment Market Assessment –
- By Product – X-Ray Imaging Systems, Computed Tomography (CT) Scanners, Ultrasound Systems, Magnetic Resonance Imaging (MRI) Systems, Nuclear Imaging Systems, Mammography Systems, and others
- By Application – Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, and other Applications
- By End-User – Hospitals, Diagnostic Imaging Centers, and others
- Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s View
- Geography Covered – Global (North America, Europe, Asia-Pacific, and Rest of the World)
Table of Content
|3||Regulatory and Patent Analysis|
|4||Diagnostic Imaging Equipment Market Key factors analysis|
|5||Diagnostic Imaging Equipment Porter’s Five Forces Analysis|
|6||COVID-19 Impact Analysis on Diagnostic Imaging Equipment Market|
|7||Diagnostic Imaging Equipment Market Layout|
|8||Diagnostic Imaging Equipment Global Company Share Analysis – Key 3-5 Companies|
|9||Diagnostic Imaging Equipment Product Profiles and Key Companies|
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