Medical Imaging Equipment Market Size, Share & Trends Report, 2022-2030
The global Medical Imaging Equipment market gathered revenue around USD 31.9 billion in 2021 and market is set to grow USD 54.3 billion by the end of 2030 and is estimated to expand at a modest CAGR of 6.7% during the prediction period 2022 to 2030.
Growth Factors:
Advances in radiology in the last few decades have fueled the growth of the global medical imaging equipment market. Imaging devices such as magnetic resonance imaging (MRI), computed tomography (CT or CAT), and ultrasound have allowed further options for treatment guidance, essentially with low morbidity. This has helped physicians to assess patients without surgical intervention and thereby improve the patient outcomes and quality of life.
Surge in incidence of several diseases such as respiratory, oral, orthopedic, and cardiovascular has increased demand for diagnosis and diagnostic equipment across the world. Moreover, increase in incidence of diseases across the globe propels demand for efficient diagnosis, and consequently medical imaging equipment. The global medical imaging equipment market is quite competitive, with the top players accounting for major share of the market and every company focusing on research & development to produce better medical imaging equipment.
Report Scope of the Medical Imaging Equipment Market
|
Report Coverage |
Details |
|
Market Size |
US$ 54.3 Billion by 2030 |
|
Growth Rate |
CAGR of 6.7% from 2022 to 2030 |
|
Largest Market |
North America |
|
Fastest Growing Market |
Asia Pacific |
|
Base Year |
2021 |
|
Forecast Period |
2022 to 2030 |
|
Segments Covered |
Product, Technology and Region, |
|
Companies Mentioned |
GE Healthcare, Siemens Healthcare, Hologic, Inc.¸ Shimadzu Corporation, Samsung Medison Co. Ltd., Hitachi Medical Corporation, Genesis Medical Imaging, Inc., Carestream Health, Inc., Fujifilm Holdings Corporation, Fonar Corporation, and Toshiba Corporation. |
Increase in Demand for 3D Medical Imaging Equipment Drives Global Market
A number of medical imaging modalities are currently enabling three-dimensional (3D) visualization and rapid diagnoses. Advancements in 3D imaging have led to development of computer-assisted detection (CAD) and image analysis applications. This drives the market for almost every possible modality, primarily in tomographic imaging techniques. Moreover, surgeons are using 3D imaging to plan surgeries, which has led to increased applications of these systems.
The uptake of 3D imaging for breast cancer detection, which enables better representation of tissue compared to conventional mammograms, has been on the rise. This has led to increase in utilization of imaging equipment, primarily in the developed markets such as the U.S. and Europe, where the market for 2D modalities has matured. However, these devices are gaining traction in key countries in Asia such as China and India due to rise in demand for better health care infrastructure. The economies of these countries are improving year on year, which is likely to result in continued growth in demand for 3D medical imaging equipment.
X-ray Imaging Devices to Dominate Market
In terms of product, the global medical imaging equipment market has been classified into X-ray devices, MRI equipment, ultrasound devices, CT scanners, and nuclear imaging equipment. The X-ray devices segment dominated the global medical imaging equipment market in 2020 and the trend is projected to continue during the forecast period. The growth of the segment can be attributed to increase in incidence of disorders and easy availability and acceptability of X-ray devices. Among X-ray devices, stationary devices dominated the market, as these are the oldest imaging devices and most cost effective options compared to portable X-ray equipment devices.
The ultrasound systems segment is expected to grow at a rapid pace during the forecast period owing to high adoption rate across the world. Real-time image formation, higher safety, and cost-effectiveness are some of the advantages of ultrasound imaging over MRI and CT scans, which drive the market. Recent developments in the medical imaging equipment market include nuclear imaging devices that are expected to witness high adoption level.
North America to Dominate Global Market
In terms of region, the global medical imaging equipment market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global medical imaging equipment market in 2020. The region's dominance can be attributed to rise in demand for technologically advanced and innovative products in hospitals, diagnostics laboratories, and outpatient ambulatory surgery centers, and high investment in improving healthcare infrastructure. Emerging markets in Asia Pacific hold immense growth potential due to factors such as increase in demand for refurbished imaging systems as more equipment are needed with less funds dedicated to healthcare budget.
Some of the prominent players in the Medical Imaging Equipment Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
Global Medical Imaging Equipment Market: Segmentation
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Medical Imaging Equipment Market Study:
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Medical Imaging Equipment Market
4. Market Overview
4.1. Introduction
4.1.1. Product Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Medical Imaging Equipment Market Analysis and Forecast, 2017–2030
4.4.1. Market Revenue (US$ Mn) Projections (US$ Mn)
5. Key Insights
5.1. Key Industry Events (mergers, acquisitions, partnerships, etc.)
5.2. Technological Advancements
5.3. COVID-19 Impact Analysis
6. Global Medical Imaging Equipment Market Analysis and Forecast, by Product
6.1. Introduction & Definition
6.1.1. Key Findings / Developments
6.2. Global Medical Imaging Equipment Market Value Forecast, by Product, 2017–2030
6.2.1. X-ray Devices
6.2.1.1. Stationary
6.2.1.2. Portable
6.2.2. Ultrasound Systems
6.2.2.1. Cart/Trolley Based Ultrasound System
6.2.2.2. Compact/Portable Ultrasound System
6.2.3. Computed Tomography (CT) Scanners
6.2.3.1. Stationary
6.2.3.2. Mobile
6.2.4. Magnetic Resonance Imaging (MRI) Equipment
6.2.4.1. Closed
6.2.4.2. Open
6.2.5. Nuclear Imaging Equipment
6.2.5.1. SPECT Scanner
6.2.5.2. PET Scanner
6.3. Global Medical Imaging Equipment Market Attractiveness Analysis, by Product
7. Global Medical Imaging Equipment Market Analysis and Forecast, by Technology
7.1. Introduction & Definition
7.1.1. Key Findings / Developments
7.2. Global Medical Imaging Equipment Market Value Forecast, by Technology, 2017–2030
7.2.1. X-ray Devices
7.2.1.1. Analog X-ray Technology
7.2.1.2. Digital Radiography
7.2.1.3. Computed Radiography
7.2.2. Ultrasound Systems
7.2.2.1. 2-D
7.2.2.2. 3-D & 4-D
7.2.2.3. Doppler
7.2.2.4. High Intensity Frequency Ultrasound (HIFU)
7.2.2.5. Lithotripsy
7.2.3. Computed Tomography (CT) Scanners
7.2.3.1. Stationary
7.2.3.2. Mobile
7.2.4. Magnetic Resonance Imaging (MRI) Equipment
7.2.4.1. Low-slice
7.2.4.2. Medium-slice
7.2.4.3. High-slice
7.2.5. Nuclear Imaging Equipment
7.2.5.1. SPECT Scanner
7.2.5.2. PET Scanner
7.3. Global Medical Imaging Equipment Market Attractiveness Analysis, by Technology
8. Global Medical Imaging Equipment Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Global Medical Imaging Equipment Market Value Forecast, by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. North America Medical Imaging Equipment Market Attractiveness Analysis, by Region
9. North America Medical Imaging Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. North America Medical Imaging Equipment Market Value (US$ Mn) Forecast, by Product, 2017–2030
9.2.1. X-ray Devices
9.2.1.1. Stationary
9.2.1.2. Portable
9.2.2. Ultrasound Systems
9.2.2.1. Cart/Trolley Based Ultrasound System
9.2.2.2. Compact/Portable Ultrasound System
9.2.3. Computed Tomography (CT) Scanners
9.2.3.1. Stationary
9.2.3.2. Mobile
9.2.4. Magnetic Resonance Imaging (MRI) Equipment
9.2.4.1. Closed
9.2.4.2. Open
9.2.5. Nuclear Imaging Equipment
9.2.5.1. SPECT Scanner
9.2.5.2. PET Scanner
9.3. North America Medical Imaging Equipment Market Value (US$ Mn) Forecast, by Technology, 2017–2030
9.3.1. X-ray Devices
9.3.1.1. Analog X-ray Technology
9.3.1.2. Digital Radiography
9.3.1.3. Computed Radiography
9.3.2. Ultrasound Systems
9.3.2.1. 2-D
9.3.2.2. 3-D & 4-D
9.3.2.3. Doppler
9.3.2.4. High Intensity Frequency Ultrasound (HIFU)
9.3.2.5. Lithotripsy
9.3.3. Computed Tomography (CT) Scanners
9.3.3.1. Stationary
9.3.3.2. Mobile
9.3.4. Magnetic Resonance Imaging (MRI) Equipment
9.3.4.1. Low-slice
9.3.4.2. Medium-slice
9.3.4.3. High-slice
9.3.5. Nuclear Imaging Equipment
9.3.5.1. SPECT Scanner
9.3.5.2. PET Scanner
9.4. North America Medical Imaging Equipment Market Value (US$ Mn) Forecast, by Country, 2017–2030
9.4.1. U.S.
9.4.2. Canada
9.5. North America Medical Imaging Equipment Market Attractiveness Analysis
9.5.1. By Product
9.5.2. By Technology
9.5.3. By Country
10. Europe Medical Imaging Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Europe Medical Imaging Equipment Market Value (US$ Mn) Forecast, by Product, 2017–2030
10.2.1. X-ray Devices
10.2.1.1. Stationary
10.2.1.2. Portable
10.2.2. Ultrasound Systems
10.2.2.1. Cart/Trolley Based Ultrasound System
10.2.2.2. Compact/Portable Ultrasound System
10.2.3. Computed Tomography (CT) Scanners
10.2.3.1. Stationary
10.2.3.2. Mobile
10.2.4. Magnetic Resonance Imaging (MRI) Equipment
10.2.4.1. Closed
10.2.4.2. Open
10.2.5. Nuclear Imaging Equipment
10.2.5.1. SPECT Scanner
10.2.5.2. PET Scanner
10.3. Europe Medical Imaging Equipment Market Value (US$ Mn) Forecast, by Technology, 2017–2030
10.3.1. X-ray Devices
10.3.1.1. Analog X-ray Technology
10.3.1.2. Digital Radiography
10.3.1.3. Computed Radiography
10.3.2. Ultrasound Systems
10.3.2.1. 2-D
10.3.2.2. 3-D & 4-D
10.3.2.3. Doppler
10.3.2.4. High Intensity Frequency Ultrasound (HIFU)
10.3.2.5. Lithotripsy
10.3.3. Computed Tomography (CT) Scanners
10.3.3.1. Stationary
10.3.3.2. Mobile
10.3.4. Magnetic Resonance Imaging (MRI) Equipment
10.3.4.1. Low-slice
10.3.4.2. Medium-slice
10.3.4.3. High-slice
10.3.5. Nuclear Imaging Equipment
10.3.5.1. SPECT Scanner
10.3.5.2. PET Scanner
10.4. Europe Medical Imaging Equipment Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2030
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Rest of Europe
10.5. Europe Medical Imaging Equipment Market Attractiveness Analysis
10.5.1. By Product
10.5.2. By Technology
10.5.3. By Country/Sub-region
11. Asia Pacific Medical Imaging Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Asia Pacific Medical Imaging Equipment Market Value (US$ Mn) Forecast, by Product, 2017–2030
11.2.1. X-ray Devices
11.2.1.1. Stationary
11.2.1.2. Portable
11.2.2. Ultrasound Systems
11.2.2.1. Cart/Trolley Based Ultrasound System
11.2.2.2. Compact/Portable Ultrasound System
11.2.3. Computed Tomography (CT) Scanners
11.2.3.1. Stationary
11.2.3.2. Mobile
11.2.4. Magnetic Resonance Imaging (MRI) Equipment
11.2.4.1. Closed
11.2.4.2. Open
11.2.5. Nuclear Imaging Equipment
11.2.5.1. SPECT Scanner
11.2.5.2. PET Scanner
11.3. Asia Pacific Medical Imaging Equipment Market Value (US$ Mn) Forecast, by Technology, 2017–2030
11.3.1. X-ray Devices
11.3.1.1. Analog X-ray Technology
11.3.1.2. Digital Radiography
11.3.1.3. Computed Radiography
11.3.2. Ultrasound Systems
11.3.2.1. 2-D
11.3.2.2. 3-D & 4-D
11.3.2.3. Doppler
11.3.2.4. High Intensity Frequency Ultrasound (HIFU)
11.3.2.5. Lithotripsy
11.3.3. Computed Tomography (CT) Scanners
11.3.3.1. Stationary
11.3.3.2. Mobile
11.3.4. Magnetic Resonance Imaging (MRI) Equipment
11.3.4.1. Low-slice
11.3.4.2. Medium-slice
11.3.4.3. High-slice
11.3.5. Nuclear Imaging Equipment
11.3.5.1. SPECT Scanner
11.3.5.2. PET Scanner
11.4. Asia Pacific Medical Imaging Equipment Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2030
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Asia Pacific Medical Imaging Equipment Market Attractiveness Analysis
11.5.1. By Product
11.5.2. By Technology
11.5.3. By Country/Sub-region
12. Latin America Medical Imaging Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Latin America Medical Imaging Equipment Market Value (US$ Mn) Forecast, by Product, 2017–2030
12.2.1. X-ray Devices
12.2.1.1. Stationary
12.2.1.2. Portable
12.2.2. Ultrasound Systems
12.2.2.1. Cart/Trolley Based Ultrasound System
12.2.2.2. Compact/Portable Ultrasound System
12.2.3. Computed Tomography (CT) Scanners
12.2.3.1. Stationary
12.2.3.2. Mobile
12.2.4. Magnetic Resonance Imaging (MRI) Equipment
12.2.4.1. Closed
12.2.4.2. Open
12.2.5. Nuclear Imaging Equipment
12.2.5.1. SPECT Scanner
12.2.5.2. PET Scanner
12.3. Latin America Medical Imaging Equipment Market Value (US$ Mn) Forecast, by Technology, 2017–2030
12.3.1. X-ray Devices
12.3.1.1. Analog X-ray Technology
12.3.1.2. Digital Radiography
12.3.1.3. Computed Radiography
12.3.2. Ultrasound Systems
12.3.2.1. 2-D
12.3.2.2. 3-D & 4-D
12.3.2.3. Doppler
12.3.2.4. High Intensity Frequency Ultrasound (HIFU)
12.3.2.5. Lithotripsy
12.3.3. Computed Tomography (CT) Scanners
12.3.3.1. Stationary
12.3.3.2. Mobile
12.3.4. Magnetic Resonance Imaging (MRI) Equipment
12.3.4.1. Low-slice
12.3.4.2. Medium-slice
12.3.4.3. High-slice
12.3.5. Nuclear Imaging Equipment
12.3.5.1. SPECT Scanner
12.3.5.2. PET Scanner
12.4. Latin America Medical Imaging Equipment Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2030
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America Latin America
12.5. Latin America Medical Imaging Equipment Market Attractiveness Analysis
12.5.1. By Product
12.5.2. By Technology
12.5.3. By Country/Sub-region
13. Middle East & Africa Medical Imaging Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Middle East & Africa Medical Imaging Equipment Market Value (US$ Mn) Forecast, by Product, 2017–2030
13.2.1. X-ray Devices
13.2.1.1. Stationary
13.2.1.2. Portable
13.2.2. Ultrasound Systems
13.2.2.1. Cart/Trolley Based Ultrasound System
13.2.2.2. Compact/Portable Ultrasound System
13.2.3. Computed Tomography (CT) Scanners
13.2.3.1. Stationary
13.2.3.2. Mobile
13.2.4. Magnetic Resonance Imaging (MRI) Equipment
13.2.4.1. Closed
13.2.4.2. Open
13.2.5. Nuclear Imaging Equipment
13.2.5.1. SPECT Scanner
13.2.5.2. PET Scanner
13.3. Middle East & Africa Medical Imaging Equipment Market Value (US$ Mn) Forecast, by Technology, 2017–2030
13.3.1. X-ray Devices
13.3.1.1. Analog X-ray Technology
13.3.1.2. Digital Radiography
13.3.1.3. Computed Radiography
13.3.2. Ultrasound Systems
13.3.2.1. 2-D
13.3.2.2. 3-D & 4-D
13.3.2.3. Doppler
13.3.2.4. High Intensity Frequency Ultrasound (HIFU)
13.3.2.5. Lithotripsy
13.3.3. Computed Tomography (CT) Scanners
13.3.3.1. Stationary
13.3.3.2. Mobile
13.3.4. Magnetic Resonance Imaging (MRI) Equipment
13.3.4.1. Low-slice
13.3.4.2. Medium-slice
13.3.4.3. High-slice
13.3.5. Nuclear Imaging Equipment
13.3.5.1. SPECT Scanner
13.3.5.2. PET Scanner
13.4. Middle East & Africa Medical Imaging Equipment Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2030
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Middle East & Africa Medical Imaging Equipment Market Attractiveness Analysis
13.5.1. By Product
13.5.2. By Technology
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player - Competition Matrix (by tier and size of companies)
14.2. Market Share (%) / Position Analysis, by Company, 2020
14.3. Competitive Business Strategies
14.4. Company Profiles
14.4.1. GE Healthcare
14.4.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.1.2. Financial Analysis
14.4.1.3. Growth Strategies
14.4.1.4. SWOT Analysis
14.4.2. Siemens Healthcare
14.4.2.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.2.2. Financial Analysis
14.4.2.3. Growth Strategies
14.4.2.4. SWOT Analysis
14.4.3. Hologic, Inc.
14.4.3.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.3.2. Financial Analysis
14.4.3.3. Growth Strategies
14.4.3.4. SWOT Analysis
14.4.4. Shimadzu Corporation
14.4.4.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.4.2. Financial Analysis
14.4.4.3. Growth Strategies
14.4.4.4. SWOT Analysis
14.4.5. Samsung Medison Co. Ltd.
14.4.5.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.5.2. Financial Analysis
14.4.5.3. Growth Strategies
14.4.5.4. SWOT Analysis
14.4.6. Hitachi Medical Corporation
14.4.6.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.6.2. Financial Analysis
14.4.6.3. Growth Strategies
14.4.6.4. SWOT Analysis
14.4.7. Genesis Medical Imaging
14.4.7.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.7.2. Financial Analysis
14.4.7.3. Growth Strategies
14.4.7.4. SWOT Analysis
14.4.8. Carestream Health, Inc.
14.4.8.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.8.2. Financial Analysis
14.4.8.3. Growth Strategies
14.4.8.4. SWOT Analysis
14.4.9. Fujifilm Holdings Corporation
14.4.9.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.9.2. Financial Analysis
14.4.9.3. Growth Strategies
14.4.9.4. SWOT Analysis
14.4.10. Fonar Corporation
14.4.10.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.10.2. Financial Analysis
14.4.10.3. Growth Strategies
14.4.10.4. SWOT Analysis
14.4.11. Toshiba Corporation.
14.4.11.1. Company Overview (HQ, Business Segments, Employee Strength)
14.4.11.2. Financial Analysis
14.4.11.3. Growth Strategies
14.4.11.4. SWOT Analysis
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers