Diagnostic Imaging Market by Product (MRI (Open, Closed), Ultrasound (2D, 4D, Doppler), CT, X-Ray (Digital, Analog), SPECT, Hybrid PET, Mammography), Application (OB/Gyn, Cardiology, Oncology), Enduser (Hospitals, Imaging Centers)- Global Industry Analysis, Share, Growth, Regional Outlook And Forecasts, 2021-2027

The global Diagnostic Imaging market gathered revenue around USD 25.2 Billion in 2020 and market is set to grow USD 37.1 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 6.4% during the prediction period 2021 to 2027.

Growth Factors:

The market Growth of the market is attributed to the increasing demand for early diagnosis and increasing scope of clinical applications, rapidly increasing geriatric population, increasing investment and funding by PPP.
The market is hampered due to a high cost of equipment, increasing regulatory burden and limitations associated with the standalone systems. Emerging countries in the APAC and Africa are creating opportunities for market players. Furthermore, adoption of AI, Analytics and Blockchain in the medical technology is also creating various growth opportunities in the market.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Diagnostic Imaging market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Diagnostic Imaging market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

Report Coverage

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Diagnostic Imaging market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Scope of the Report:

The global Diagnostic Imaging market offers an exhaustive research analysis of the global market's growth prospects. The report's scope includes a global industry overview, a global industry description with comprehensive research analysis, and an Diagnostic Imaging industry summary of various countries and their regions. This research study evaluation of present market revenue, market forecast, and market share investigation of the foremost suppliers of the industry. It also covers the competitive landscape, market size, marker trends, Diagnostic Imaging industry future innovations, and a range of existing market business strategies. Stakeholders will be able to design and align their business plans using current and future market trends.

Opportunities analysis: 

Developing economies such as India, China, Brazil, South Korea, Turkey, Russia, and South Africa offer high growth opportunities for major players in the diagnostic imaging market. Although the cost factor is a concern in these developing countries, their huge population base especially in India and China offers a sustainable market for diagnostic imaging devices. The higher incidence of chronic diseases such as cancer, stroke, and neurological and cardiovascular diseases and the higher death rates in these countries show the need for early detection. For instance, GLOBOCAN 2020 data estimates that roughly over 53% of the global cancer population belongs to developing regions. The key market players are adopting various growth strategies to strengthen their foothold in this region. Siemens Healthineers, for instance, reported that China is one of their biggest markets and major incremental growth drivers. Moreover, in 2020, as part of its India expansion plan, Siemens Healthineers opened its manufacturing facility in India with two production lines one for its mobile C-arm for a surgery called Cios Fit and CT systems based on its Somatom.go platform.

North America is expected to be the largest market during the forecast period.

North America accounted for the largest share of the diagnostic imaging market in 2020, followed by the Asia Pacific region. Growth in the North American diagnostic imaging market is mainly due to the rising geriatric population and associated diseases, easy accessibility to diagnostic imaging modalities, and high adoption of technological advancements (owing to the significant per capita annual healthcare expenditure by the US government).

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Significant Market Participants Operational in the Diagnostic Imaging Market are: GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers, Canon Inc., Hitachi, Ltd., FUJIFILM Holdings Corporation, Mindray Medical International Ltd.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Diagnostic imaging Market, by Product

• X-ray Imaging Systems
• By Technology
• X-ray Digital Imaging Systems
• Direct Radiography (DR)
• Computed Radiography (CR)
• X-ray Analog Imaging Systems
• By Portability
• Stationary Systems
• Portable Systems
• Computed Tomography (CT) Scanners
• By Technology
• Conventional CT systems
• Cone Beam CT Systems (CBCT)
• Conventional CT Systems Market, by Technology
• High-slice CT Scanners
• Mid-slice CT Scanners
• Low-slice CT Scanners
• Ultrasound Systems
• By Technology
• 2D Ultrasound
• 3D and 4D Ultrasound
• Doppler Ultrasound
• By Portability
• Trolley/Cart-based Ultrasound Systems
• Compact/Portable Ultrasound Systems
• Magnetic Resonance Imaging (MRI) Systems
• By Architecture
• Closed MRI
• Open MRI
• By Field Strength
• High- and Very-high-field MRI Systems
• Low-to-mid-field MRI Systems
• Ultra-high-field MRI Systems
• Nuclear Imaging Systems
• SPECT Systems
• Standalone SPECT Systems
• Hybrid SPECT Systems
• Hybrid PET Systems
• Mammography Systems

Diagnostic Imaging Market, by Application

• X-ray Imaging Systems
• General Radiography
• Dental
• Fluoroscopy
• MRI Systems
• Brain & Neurological MRI
• Spine & Musculoskeletal MRI
• Vascular MRI
• Pelvic & Abdominal MRI
• Breast MRI
• Cardiac MRI
• Ultrasound Systems
• Radiology/General Imaging
• Cardiology
• Obstetrics/Gynecology
• Urology
• Vascular
• Other Applications
• CT Scanners
• Cardiology
• Oncology
• Neurology
• Other Applications
• Nuclear Imaging Systems
• Cardiology
• Oncology
• Neurology
• Other Applications
• Mammography Systems

Diagnostic Imaging Market, by End User

• Hospitals
• Diagnostic Imaging Centers
• Other End Users

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Benefits For Stakeholders

• The study provides an in-depth analysis of the Diagnostic Imaging market, and the current trends and future estimations to elucidate imminent investment pockets.
• It presents a quantitative analysis of the market from 2021 to 2027 to enable stakeholders to capitalize on the prevailing  Diagnostic Imaging market opportunities.
• Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
• Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the Diagnostic Imaging market.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2027);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.