How Is The Diagnostic Imaging Equipment Market Segmented?
The diagnostic imaging equipment market covered in this report is segmented –
1) By Type: X-Ray Systems Devices And Equipment, Ultrasound Systems Devices And Equipment, Computed Tomography (CT) Scanners Devices And Equipment, Magnetic Resonance Imaging Systems Devices And Equipment, Cardiovascular Monitoring And Diagnostic Devices And Equipment, nuclear imaging devices and equipment
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments Or Equipment, Disposables
Subsegments:
1) By X-Ray Systems Devices And Equipment: Analog X-Ray Systems, Digital X-Ray Systems, Fluoroscopy Systems, Portable X-Ray Systems, mammography systems
2) By Ultrasound Systems Devices And Equipment: Diagnostic Ultrasound Systems, Therapeutic Ultrasound Systems, 2D Ultrasound Systems, 3D Or 4D Ultrasound Systems, Portable Ultrasound Systems
3) By Computed Tomography (CT) Scanners Devices And Equipment: Conventional CT Scanners, Spiral Or Helical CT Scanners, Multislice CT Scanners, Portable CT Scanners
4) By Magnetic Resonance Imaging Systems Devices And Equipment: Closed MRI Systems, Open MRI Systems, Extremity MRI Systems, High-Field MRI Systems, Low-Field MRI Systems
5) By Cardiovascular Monitoring And Diagnostic Devices And Equipment: ECG Systems, Echocardiography Systems, Stress Testing Systems, Cardiac Catheterization Equipment, Holter Monitoring Systems
6) By Nuclear Imaging Devices And Equipment: Positron Emission Tomography (PET) Scanners, Single-Photon Emission Computed Tomography (SPECT) Scanners, Hybrid PET Or CT Scanners, Gamma Cameras
What Is Driving The Diagnostic Imaging Equipment Market? Rising Global Incidence Of Chronic Diseases Fueling The Diagnostic Imaging Equipment Market
The global increase in chronic diseases is expected to propel the growth of the diagnostic imaging equipment market. A chronic disease is a condition that lasts for a year or longer, necessitates continuous medical care, restricts daily activities, or both, and includes illnesses such as cancer, diabetes, and so on. Imaging techniques in radiology are used to identify a variety of diseases, including diabetes, cancer, and cardiovascular disease. Chronic illnesses that have not yet manifested any symptoms can be found using diagnostic imaging. For instance, in September 2023, according to the World Health Organization, a US-based intergovernmental organization, noncommunicable diseases (NCDs) account for 41 million deaths annually, representing 74% of global fatalities, with 17 million people dying before age 70, 86% of whom are in low- and middle-income countries. Therefore, a global increase in chronic diseases is driving the diagnostic imaging equipment market.
What Is Driving The Diagnostic Imaging Equipment Market? Rising Prevalence Of Eye Diseases Fuels Growth In The Diagnostic Imaging Equipment Market
The increasing prevalence of eye diseases is expected to propel the growth of the diagnostic imaging equipment market going forward. Eye diseases encompass a range of conditions and disorders that impact the human eye, potentially leading to vision impairments. Healthcare providers rely on diagnostic imaging equipment as a potent tool for diagnosing and effectively managing numerous eye-related conditions. For instance, in February 2021, according to the International Agency for the Prevention of Blindness (IAPB), a UK-based global alliance focused on eliminating avoidable blindness and promoting eye health, a 55% increase in vision loss was projected by 2050. The number of individuals affected by vision loss is expected to rise from 1,106 million in 2020 to 1,758 million in 2050. Therefore, the increased prevalence of eye diseases will drive diagnostic imaging equipment market growth.
Who Are The Major Players In The Global Diagnostic Imaging Equipment Market?
Major companies operating in the diagnostic imaging equipment market include Siemens AG, Koninklijke Philips NV, Fujifilm Holdings Corporation, General Electric Company, Elekta AB, Carestream Health Inc., Hologic Inc., Medtronic plc, Mindray Medical International Limited, Canon Medical Systems Corporation, Esaote SpA, Shimadzu Medical Systems USA, Samsung Electronics Co. Ltd., Koning Corporation, Toshiba Medical Systems Corporation, Hitachi Medical Systems America Inc., Agfa-Gevaert NV, Analogic Corporation, Bracco Imaging SpA, Del Medical Inc., Esaote North America Inc., Imaging Dynamics Company Ltd., InfiMed Inc., Mediso Medical Imaging Systems Kft., NeuroLogica Corp., Planmed Oy, Shimadzu Corporation, SonoScape Medical Corp., SuperSonic Imagine SA, Terason, Toshiba America Medical Systems Inc., Ziehm Imaging GmbH, Zonare Medical Systems Inc.
What Are The Key Trends Of The Global Diagnostic Imaging Equipment Market? Cutting-Edge Ultreon Software Revolutionizes Diagnostic Imaging Equipment Market
Major companies operating in the diagnostic imaging equipment market are focused on developing new technologies, such as medical imaging, to improve diagnostic accuracy and patient outcomes. These advancements aim to streamline workflows and increase accessibility to high-quality imaging. Medical imaging is the use of techniques to create visual representations of the interior of the body for diagnosis and treatment. Common modalities include X-rays, MRI, CT scans, and ultrasound. For instance, in April 2022, Wipro Ltd., an India-based technology company, partnered with GE HealthCare Technologies, Inc., a US-based medical technology company, to revolutionize the Aspire CT scanner, a cutting-edge computed tomography system manufactured entirely in India, in line with the Atmanirbhar Bharat initiative. This next-generation scanner features advanced imaging capabilities, operational efficiency with up to 50% higher throughput, and improved image quality by 30%. Produced at a newly established facility backed by over INR 100 crore investment under the government's Production Linked Incentives (PLI) Scheme, the scanner aims to enhance access to quality healthcare, particularly in tier 2 and tier 3 cities.
What Are The Key Trends Of The Global Diagnostic Imaging Equipment Market? Rapid Advancements In Portable Diagnostic Equipment And Their Expanding Applications
Portable diagnostic equipment is expected to be a fast-growing segment, and competitors are focusing on developing new and innovative portable equipment during the forecast period. Owing to their ease of use and point-of-care applications, their adoption rates are steadily increasing not only for emergency and intensive care units in hospitals but also as a part of home care organizations. There is also a growing need for portable devices in the emergency care units for easy and quick usage, faster interventions for acute events, and better monitoring. Some of the well-known products include Samsung Electronics’ 32-SLICE CT scanner, Brain Biosciences’ CERPET portable PET scanner, Siemens Healthcare’s Mobilett Mira Max portable X-ray systems, and Sonosite’s MicroMaxx portable ultrasound system.
Regional Outlook For The Global Diagnostic Imaging Equipment Market
Western Europe was the largest region in the global diagnostic imaging equipment market in 2024. North America was the second largest region in the global diagnostic imaging equipment market. Africa. was the smallest region in the global diagnostic imaging equipment market. The regions covered in the diagnostic imaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The countries covered in the diagnostic imaging equipment market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
What Defines the Diagnostic Imaging Equipment Market?
The diagnostic imaging equipment market consists of sales of breast imaging devices, brain, neuroimaging devices, 3D medical imaging devices, and other devices. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
How is Market Value Defined and Measured?
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
What is the Market Assessment and Strategic Outlook for the Diagnostic Imaging Equipment Industry?
The diagnostic imaging equipment market research report is one of a series of new reports from The Business Research Company that provides diagnostic imaging equipment market statistics, including diagnostic imaging equipment industry global market size, regional shares, competitors with a diagnostic imaging equipment market share, detailed diagnostic imaging equipment market segments, market trends and opportunities, and any further data you may need to thrive in the diagnostic imaging equipment industry. This diagnostic imaging equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
