[186 Pages Report] The Diagnostic Imaging Equipment Market size was estimated at USD 37.41 billion in 2023 and expected to reach USD 40.59 billion in 2024, at a CAGR 8.59% to reach USD 66.61 billion by 2030.
Diagnostic imaging equipment encompasses a broad range of medical devices and technologies used for the non-invasive visualization of internal organs, tissues, and structures within the human body. These devices aid healthcare professionals in diagnosing diseases, monitoring treatment progress, and screening for potential health issues. The primary applications of diagnostic imaging equipment include X-ray (radiography), computed tomography (CT), magnetic resonance imaging (MRI), ultrasound (sonography), positron emission tomography (PET), and nuclear medicine. The growing aging global population with the increasing prevalence of chronic diseases requiring early diagnosis and monitoring is expanding the usage of diagnostic imaging equipment. Rising technological advancements in medical imaging modalities enable faster scanning times with higher-resolution images, elevating the market growth. High costs associated with acquiring and maintaining advanced imaging systems and rising concerns over radiation exposure from certain modalities such as X-rays and CT scans are hampering market growth. The growing development of portable and mobile imaging devices that provide a cost-effective alternative for healthcare facilities with limited space or resources is expected to create opportunities for market growth.
Regional Insights
Americas represents a highly developing landscape with ongoing research initiatives and significant investments in advanced imaging technologies. The substantial rise in the number of diagnostic imaging centers across the Americas, driven by increasing demand for early disease detection and high-quality healthcare services, is expanding the market growth. Furthermore, regulatory support from organizations such as the Food and Drug Administration (FDA) and Health Canada for expanding the usage of novel diagnostic imaging equipment contributes to the growth of this market. The European Union (EU) countries are making major investments in research and development activities to enhance existing technologies and create new ones, significantly benefiting market growth. The EU’s Horizon 2020 program has funded several projects related to medical imaging innovation, boosting the regional market’s competitiveness worldwide. The rising prevalence of several chronic diseases worldwide is expanding the need for various diagnostic imaging equipment in Asia-Pacific. Rising public and private investments to improve healthcare accessibility in rural areas are promoting the adoption of diagnostic imaging equipment in Asia-Pacific.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Diagnostic Imaging Equipment Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Diagnostic Imaging Equipment Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Diagnostic Imaging Equipment Market, highlighting leading vendors and their innovative profiles. These include Avonix Imaging, LLC by Nikon Corporation, Barco NV, Canon Medical Systems Corporation, Carestream Health, Inc. by Onex Corporation, Esaote S.p.A, FUJIFILM Holdings Corporation, General Electric Company, Hitachi, Ltd., Hologic, Inc., Koninklijke Philips N.V., MinFound Medical Systems Co., Ltd., Neusoft Corporation, NP JSC Amico, Samsung Medison Co., Ltd., Shanghai United Imaging Healthcare Co., Ltd., Shenzhen SONTU Medical Imaging Equipment Co., Ltd., Shimadzu Scientific Instruments, Siemens Healthcare Private Limited, and Toshiba International Corporation.
Market Segmentation & Coverage
This research report categorizes the Diagnostic Imaging Equipment Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Modality
- Computed Tomography Scanners
- Cone Beam CT Systems
- Conventional CT Systems
- High-Slice CT Scanners
- Low-Slice CT Scanners
- Mid-Slice CT Scanners
- Hybrid PET Systems
- Magnetic Resonance Imaging Systems
- Closed MRI
- Open MRI
- Mammography Systems
- Nuclear Imaging Systems
- SPECT Systems
- Hybrid SPECT Systems
- Standalone SPECT Systems
- Ultrasound Systems
- 2D Ultrasound
- 3D & 4D Ultrasound
- Doppler Ultrasound
- X-ray Imaging Systems
- X-Ray Analog Imaging Systems
- X-Ray Digital Imaging Systems
- Computed Radiography
- Direct Radiography
- Computed Tomography Scanners
- End User
- Academic & Research Institutes
- Contract Research Organizations
- Diagnostic Centres
- Hospitals & Care Providers
- Pharmaceutical & Biotechnology Companies
- Application
- Cardiology
- Gastroenterology
- Gynecology
- Neurology
- Oncology
- Orthopedics
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Diagnostic Imaging Equipment Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Diagnostic Imaging Equipment Market?
- What are the technology trends and regulatory frameworks in the Diagnostic Imaging Equipment Market?
- What is the market share of the leading vendors in the Diagnostic Imaging Equipment Market?
- Which modes and strategic moves are suitable for entering the Diagnostic Imaging Equipment Market?
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