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Diagnostic Imaging Market - by Type (X-ray Imaging Systems, CT Scanners, MRI Systems, Ultrasound Imaging Systems, and Nuclear Imaging Systems) - Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2019 – 2026

Published Date: 05-Dec-2016 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-476 Status : Published

The global diagnostic imaging market, which garnered revenue worth 25.7 (USD Billion) in 2019, is predicted to accrue revenue worth 41 (USD Billion) by 2026 and will record a CAGR of nearly 6% during 2019-2026. The report offers assessment and analysis of the diagnostic imaging market on a global and regional level.

Description

The global diagnostic imaging market, which garnered revenue worth 25.7 (USD Billion) in 2019, is predicted to accrue revenue worth 41 (USD Billion) by 2026 and will record a CAGR of nearly 6% during 2019-2026. The report offers assessment and analysis of the diagnostic imaging market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2015 to 2018 along with a forecast from 2019 to 2026 based on revenue (USD Billion).

Introduction

Diagnostic imaging includes various non-invasive techniques that assist the physicians to look inside the human body system for detecting the cause of the illness or injury. Apart from this, it is utilized for observing as to how the human body responds to illness therapies as well as fracture treatment. Moreover, diagnostic imaging also makes use of machines to take photos of the internal activities & inner system of the human body. Various kinds of diagnostic imaging techniques include MRI scans, CT scans, Ultrasound, MRA scans, Mammography, Bone density scans, Myelogram, Arthrogram, and X-Rays.

Market Growth Dynamics

The growth of the market over the forecast timespan is attributed to massive need for early diagnosis of the disease and wide scope of clinical applications across the globe. In addition to this, surge in the aging populace and a prominent rise in the occurrence of related ailments will further prompt the business growth over the estimated timeline. Apart from this, technological breakthroughs witnessed in diagnostics imaging field and expensive health related problems for elongated timeline will further inflate the market size. Growing awareness about the benefits of diagnostic imaging applications in healthcare sector among both patient and healthcare service providers in the emerging economies will further prompt the market growth over the forecast timespan.

Furthermore, increase in the number of deaths as a result of diabetes, heart disorders, and obesity has resulted in growing need for accurately detecting these ailments.  This, in turn, has culminated into humungous demand for diagnostic imaging techniques, thereby driving the market trends. As per WHO, the global burden of chronic ailments is set to hit nearly 56.6% by end of 2020 and the most affected will be developing nations due to population explosion. This will create new growth avenues for the market over the ensuing years.

North America To Lead Overall Market Growth During Estimated Timeline

The expansion of the market during the forecast timeline in the sub-continent can be ascribed to massive use of the diagnostic imaging systems in domains of oncology, gynecology, and orthopedic in the economies like the U.S. In addition to this, massive healthcare spending and easy availability of improved healthcare amenities in the sub-continent will promote the regional market growth over the forthcoming years. Reportedly, the U.S. accounts for major regional market share due to high affordability rate of the residents, constant technological innovations, and rise in the diagnostic methods. For the record, the U.S. is one of the leading countries in utilization and accessibility of diagnostic imaging techniques across the globe and this is the key factor to dominance of the North American market. Growing demand for innovative healthcare systems by elderly population prone to chronic ailments will push the regional market expansion over the forthcoming years.

Key players leveraging the market growth include Hologic, Inc., Carestream Health, Inc., Siemens Healthcare GmBH, Fujifilm Corporation, GE Healthcare, Toshiba Medical Systems Corporation, Koninklijke Philips N.V., Samsung Medison, Hitachi Medical Corporation, Esaote S.p.A, and Shimadzu Corporation.

The global diagnostic imaging market is segmented as follows:

By Type

  • X-ray Imaging Systems
  • CT Scanners 
  • MRI Systems 
  • Ultrasound Imaging Systems 
  • Nuclear Imaging Systems

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report Description And Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Global Diagnostic Imaging Market, 2019 - 2026 (USD Billion)
    • 2.2. Global Diagnostic Imaging Market: Snapshot
  • Chapter 3. Diagnostic Imaging – Market Dynamics
    • 3.1. Introduction
    • 3.2. Value Chain Analysis
    • 3.3. Market Drivers
      • 3.3.1. Global Diagnostic Imaging Market Drivers: Impact Analysis
      • 3.3.2. Rising Incidence of Targeted Diseases
      • 3.3.3. Rise In Percentage Of Geriatric Population Across World
    • 3.4. Market Restraints
      • 3.4.1. Global Diagnostic Imaging Market Restraints: Impact Analysis
      • 3.4.2. High Cost Of Treatment
      • 3.4.3. Increasing Pressure in Health Care Budget.
    • 3.5. Opportunities
      • 3.5.1. Covering Untapped Market
    • 3.6. Porter’s Five Forces Analysis
      • 3.6.1. Bargaining Power Of Suppliers
      • 3.6.2. Bargaining Power Of Buyers
      • 3.6.3. Threat From New Entrants
      • 3.6.4. Threat From New Substitutes
      • 3.6.5. Degree Of Competition
    • 3.7. Market Attractiveness Analysis
      • 3.7.1. Market Attractiveness Analysis, By Product Segment
      • 3.7.2. Market Attractiveness Analysis, By Regional Segment
  • Chapter 4. Global Diagnostic Imaging Market – Competitive Landscape
    • 4.1. Company Market Share, 2019 (Subject To Data Availability)
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Type Launch
      • 4.2.3. Agreements, Partnerships, Collaborations And Joint Ventures
      • 4.2.4. Research And Development, Regional Expansion
    • 4.3. Type Portfolio
  • Chapter 5. Global Diagnostic Imaging Market – Product Analysis
    • 5.1. Global Diagnostic Imaging Market: Product Segment Overview
      • 5.1.1. Global Diagnostic Imaging Market Revenue Share, By Products, 2019 And 2026
    • 5.2. X-ray Imaging Systems
      • 5.2.1. Global X-ray Imaging Systems Market, 2019 - 2026 (USD Billion)
    • 5.3. CT Scanners
      • 5.3.1. Global CT Scanners Market, 2019 - 2026 (USD Billion)
    • 5.4. MRI Systems
      • 5.4.1. Global MRI Systems Market, 2019 - 2026 (USD Billion)
    • 5.5. Ultrasound Imaging Systems
      • 5.5.1. Global Ultrasound Imaging Systems Market, 2019 - 2026 (USD Billion)
    • 5.6. Nuclear Imaging Systems
      • 5.6.1. Global Nuclear Imaging Systems Market, 2019 - 2026 (USD Billion)
  • Chapter 6. Global Diagnostic Imaging Market – Regional Segment Analysis
    • 6.1. Global Diagnostic Imaging Market: Regional Overview
      • 6.1.1. Global Diagnostic Imaging Market Revenue Share, By Region, 2019 And 2026
    • 6.2. North America
      • 6.2.1. North America Diagnostic Imaging Market Revenue, By Products, 2019 – 2026, (USD Billion)
      • 6.2.2. U.S.
        • 6.2.2.1. U.S. Diagnostic Imaging Market Revenue, By Products, 2019 – 2026 (USD Billion)
    • 6.3. Europe
      • 6.3.1. Europe Diagnostic Imaging Market Revenue, By Products, 2019 - 2026 (USD Billion)
      • 6.3.2. Germany
        • 6.3.2.1. Germany Diagnostic Imaging Market Revenue, By Products, 2019 - 2026, (USD Billion)
      • 6.3.3. France
        • 6.3.3.1. France Diagnostic Imaging Market Revenue, By Product, 2019 - 2026, (USD Billion)
      • 6.3.4. U.K.
        • 6.3.4.1. U.K. Diagnostic Imaging Market Revenue, By Product, 2019 - 2026 (USD Billion)
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Diagnostic Imaging Market Revenue, By Product, 2019 - 2026 (USD Billion)
      • 6.4.2. China
        • 6.4.2.1. China Diagnostic Imaging Market Revenue, By Product, 2019 - 2026(USD Billion)
      • 6.4.3. Japan
        • 6.4.3.1. Japan Diagnostic Imaging Market Revenue, By Product, 2019 - 2026 (USD Billion)
        • 6.4.4. India
          6.4.4.1. India Diagnostic Imaging Market Revenue, By Product, 2019 - 2026 (USD Billion)
    • 6.5. Latin America
      • 6.5.1. Latin America Diagnostic Imaging Market Revenue, By Product, 2019 - 2026 (USD Billion)
      • 6.5.2. Brazil
        • 6.5.2.1. Brazil Diagnostic Imaging Market Revenue, By Products, 2019 - 2026 (USD Billion)
    • 6.6. Middle East And Africa
      • 6.6.1. Middle East And Africa Diagnostic Imaging Market Revenue, By Products, 2015 – 2021 (USD Billion)
  • Chapter 7. Company Profile
    • 7.1. GE Healthcare
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Product Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Siemens Healthcare GmBH
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Koninklijke Philips N.V.
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Product Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Developments
    • 7.4. Toshiba Medical Systems Corporation
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Product Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Developments
    • 7.5. Hitachi Medical Corporation
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Product Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Developments
    • 7.6. GE Healthcare,.
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Product Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Developments
    • 7.7. Carestream Health, Inc.
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Product Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Developments
    • 7.8. Esaote S.p.A
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Product Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Developments
    • 7.9. Hologic, Inc.
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Product Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Developments
    • 7.10. Fujifilm Corporation
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Product Portfolio
      • 7.10.4. Business Strategy
      • 7.10.5. Recent Developments
    • 7.11. Samsung Medison
      • 7.11.1. Overview
      • 7.11.2. Financials
      • 7.11.3. Product Portfolio
      • 7.11.4. Business Strategy
      • 7.11.5. Recent Developments
    • 7.12. Shimadzu Corporation
      • 7.12.1. Overview
      • 7.12.2. Financials
      • 7.12.3. Product Portfolio
      • 7.12.4. Business Strategy
      • 7.12.5. Recent Developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Diagnostic Imaging market. Zion Research has collected and analyzed key data belong to the global Diagnostic Imaging market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Diagnostic Imaging across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Diagnostic Imaging industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Diagnostic Imaging market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Diagnostic imaging is a technique and process of creating visual representations of the interior of a body for clinical analysis and medical intervention. Diagnostic imaging seeks to reveal internal structures covered below the skin and bones, as well as to diagnose and treat disease. Diagnostic imaging is part of biological imaging and incorporates radiology which uses the imaging technologies of X-ray radiography, magnetic resonance imaging, medical ultra sonography or ultrasound and others.

The market of global diagnostic imaging has been accelerated by rising geriatric population and growing occurrences of chronic diseases across the globe. Another major driver is growing pharmaceutical & biotechnology industries worldwide. Moreover, growth in the number of diagnostic imaging centers coupled with growing prevalence of cancer is expected to fuel the growth of global diagnostic imaging market. However, high cost related to the machinery and its implementation is a major restraint that may limit the growth of the market. Nonetheless, advancement in technology is likely to disclose the new avenues for diagnostic imaging market in the near future.

On the basis of product type, the global diagnostic imaging market is segmented an X-ray imaging systems, CT scanners, MRI systems, ultrasound imaging systems and nuclear imaging systems. X-ray imaging systems have the largest share in the global diagnostic imaging market and it accounted around 30% share of the total market in 2015 followed by CT scanner. MRI system and ultrasound imaging systems are the important outlets that are expected to grow at above average rate within the forecast period owing to the improvement of the regulatory framework in the emerging markets.

North America is expected to have the largest share in the global diagnostic imaging market in 2015. The region accounted for over 45% share of the entire market for diagnostic imaging in 2015 followed by Europe. The growth is attributed due to a number of factors, including increasing incidence of chronic diseases, rising awareness, etc. In addition, Asia Pacific is expected to register the fastest growth in terms of demand owing to the emerging economies such as China and India during the forecast period.

Some of the key participants operating in the global diagnostic imaging market include GE Healthcare, Siemens Healthcare GmBH, Koninklijke Philips N.V., Toshiba Medical Systems Corporation, Hitachi Medical Corporation, Carestream Health, Inc., Esaote S.p.A, Hologic, Inc., Fujifilm Corporation, Samsung Medison, and Shimadzu Corporation.


Frequently Asked Questions

The growth of the market over the forecast timespan is attributed to massive need for early diagnosis of the disease and wide scope of clinical applications across the globe. In addition to this, surge in the aging populace and a prominent rise in the occurrence of related ailments will further prompt the business growth over the estimated timeline. Apart from this, technological breakthroughs witnessed in diagnostics imaging field and expensive health related problems for elongated timeline will further inflate the market size. Growing awareness about the benefits of diagnostic imaging applications in healthcare sector among both patient and healthcare service providers in the emerging economies will further prompt the market growth over the forecast timespan.

The global diagnostic imaging market, which garnered revenue worth 25.7 (USD Billion) in 2019, is predicted to accrue revenue worth 41 (USD Billion) by 2026 and will record a CAGR of nearly 6% during 2019-2026. 

North America will contribute remarkably towards the global biodiesel market share over the estimated timeline. The growth of the market in the region is credited to to massive use of the diagnostic imaging systems in domains of oncology, gynecology, and orthopedic in the economies like the U.S. In addition to this, massive healthcare spending and easy availability of improved healthcare amenities in the sub-continent will promote the regional market growth over the forthcoming years. Reportedly, the U.S. accounts for major regional market share due to high affordability rate of the residents, constant technological innovations, and rise in the diagnostic methods. For the record, the U.S. is one of the leading countries in utilization and accessibility of diagnostic imaging techniques across the globe and this is the key factor to dominance of the North American market.

The key market players include Hologic, Inc., Carestream Health, Inc., Siemens Healthcare GmBH, Fujifilm Corporation, GE Healthcare, Toshiba Medical Systems Corporation, Koninklijke Philips N.V., Samsung Medison, Hitachi Medical Corporation, Esaote S.p.A, and Shimadzu Corporation.

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