Global Diagnostic/Medical Imaging Market, By Application (X-Ray Devices, MRI Equipment, Ultrasound D

Published Date: | Report Code : HC1957714


Medical imaging is an interdisciplinary field encompassing concepts from the field of radiology, nuclear medicine, and optical imaging and image-guided intervention. It uses various techniques for visualization of body parts, tissues, or organs for diagnosis and treatment of various diseases. It is one of the breakthrough medical inventions of the modern era. Medical imaging technologies comprises X-ray, ultrasound, computed tomography (CT), positron emission tomography (PET), magnetic resonance imaging (MRI), nuclear medicine, mammography, and fluoroscopy. X-ray imaging technology dominates the market.

Medical imaging technology has become inevitable in clinical diagnosis and treatment as it eradicates the need for surgical interventions many times by providing initial visualization. Global medical imaging market has been on an increasing spree since past several years.   Growth of the market is attributed to the prevalence of chronic diseases, growing geriatric population and higher healthcare expenditure in emerging markets. However, factors such as stringent regulatory norms, high cost of medical imaging modalities and risk of radiation exposure are posing threat to the growth of the market.

The report “Global Diagnostic/Medical Imaging (X-Ray Devices, MRI Equipment, Ultrasound Devices, CT Scan and Nuclear Imaging Equipment) Market Outlook 2025” provides in-depth analysis of the current scenario, detailed market outlook of the global medical imaging market with coverage on major market segments such as X-Ray Devices, MRI Equipment, Ultrasound Devices, CT Scan and Nuclear Imaging Equipment. Future forecasts of the medical imaging market overall and across various sub-segments till 2025 is provided in the report. Furthermore, major industry players have been prudently analyzed in the competitive landscape section of the report in order to provide key comparative insights.

Major industry players operating in the global medical imaging market include GE Healthcare, Siemens Healthineers AG, Philips Healthcare, Hitachi Medical Corporation, and Canon Medical Systems, among others. These players are profiled herein based on attributes such as business overview, product segments, and financial analysis. It also compiles the performance comparison of the aforementioned companies and other leading companies in the segment based on various parameters in the competitive landscape section. In totality, the report provides detailed market analysis, with relevant forecasted data supported by key market dynamics. This information will be helpful in evaluating opportunities in the global medical imaging market.

Key Factors Impacting Market Growth:

  • Increasing chronic diseases.
  • Higher Healthcare expenditure in the market
  • Increasing  geriatric Population

Regional Outlook:

North America, Western Europe, and Asia Pacific by region are estimated to dominate the Diagnostic/Medical imaging
 market during the forecast period. These regions have been market leaders for the overall healthcare sector in terms of technological developments and advanced medical treatments. Moreover, the government policies have been favorable for the growth of the healthcare infrastructure in these regions. North America and Western Europe have an established healthcare infrastructure for product innovations and early adaptations. This is expected to drive the demand for Diagnostic/Medical imaging market during the forecast period. 

The US, Germany, France, UK, Canada, and Spain have been some the major markets in the region. Asia Pacific is estimated to register one of highest CAGR for Diagnostic/Medical imaging
 market during the forecast period. This region has witnessed strategic investments by global companies to cater the growing demand in the recent years. China, Japan, India, South Korea, and Australia are amongst some of the key countries for Diagnostic/Medical imaging market in the region. Other regions including Middle East, Eastern Europe, and Rest of the World (South America and Africa) are estimated to be emerging markets for Diagnostic/Medical imaging
 during the forecast period.

Companies Covered: GE Healthcare, Siemens Healthineers AG, Philips Healthcare, Hitachi Medical Corporation, Canon Medical Systems

Market Segmentation:

By Application:

  • X-Ray Devices
  • MRI Equipment
  • Ultrasound Devices
  • CT Scan
  • Nuclear Imaging Equipment

By Region:

  • North America
    • By Application
  • Europe
    • By Application
  • Asia Pacific
    • By Application
  • Rest of the World
    • By Application

Reasons To Buy This Report:

  • Market size estimation of the Global diagnostic/Medical Imaging market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market


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