Global Diagnostic Imaging Market is Expected to Reach US$ 36,243.8 Mn by 2025, Due to Surge in R&D for the Development of Newer Products
Analyst Speak:

“The Global Diagnostic Imaging Market is expected to reach US$ 36,243.8 Mn by 2025 owing to growth in R&D for the development of newer products”

The global diagnostic imaging market is valued around US$ 36,243.8 Mn over the forecast years of 2019-2025. Diagnostic imaging is the technique through which the doctors can visualize the interior representation of the body. The diagnostic imaging market shows lucrative growth due to the benefits diagnostic or medical imaging provides. Due to increasing geriatric population and disease prevalence early diagnosis becomes very necessary. Technological advancement in medical imaging made it possible to properly detect the disease or any other impairment of the body. All these factors widen the scope of digital imaging market. On the flip side high cost of the digital imaging equipment, improper reimbursement facilities, lack of skilled professional, and technological limitations associated with standalone systems are likely to cause decline in the growth rate of global digital imaging market.

Global diagnostic imaging market is segmented on the basis of product type, application, end user, and region.

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MRI (Magnetic Resonance Imaging) Dominate the Global Diagnostic Imaging Market

Based on the product type, global diagnostic imaging market is segmented into MRI, CT scanners, X-ray imaging systems, ultrasound systems, nuclear imaging systems, and mammography systems. Magnetic resonance and imaging tend to dominate the global diagnostic imaging market due to rising prevalence of brain. In US the number of cancer patients are increasing at a prominent rate.

North America and Europe Leads the Global Diagnostic Imaging Market

PBI’s global diagnostic imaging market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America & Europe diagnostic imaging market accounted for larger revenue share through 2014-2018 and expected to dominate over 2019-2025 owing to their advancement in research and development sector, growing need for the early detection of diseases and rise in prevalence of brain disorders such as cancers. According to the statistics given by Nation Cancer Institute, 1,735,350 new cases of cancer will be diagnosed in the United States and 609,640 people will die from the disease. However, Asia Pacific diagnostic imaging market is expected to grow at a steady pace over the years due to their growing population. Increased research activity and emerging economies especially in countries like China and India and increase of government’s interest in the research activities regarding the diagnostic imaging will surge the growth in diagnostic imaging market.

Launch of newer products, and strategic alliances are the key strategies adopted by market players

Global Diagnostic Imaging market further reveals that the key players increasingly adopting strategies such as launch of newer products, and long term alliance to improve market revenue share and gaining significant geographic presence across the region.
For instance, in 2018, CurveBeam LLC. (US) launched an improved version of Planmed Verity CBCT scanner with a 3D imaging solution for orthopedic as well as head and neck imaging.
In 2019, Koninklijke Philips N.V. (Netherlands) launched the EPIQ Elite ultrasound system for general imaging as well as obstetrics & gynecology platforms.

Key player’s profiles in the report are Koninklijke Philips N.V. (Netherlands), GE Healthcare (US), Siemens Healthineers (Germany), Esaote S.p.A (Italy), Agfa-Gevaert N.V. (Belgium), Hologic, Inc. (US), Canon Medical Systems Corporation (Japan), Allengers Medical Systems (India), Mindray Medical International (China), Neusoft Medical Systems (China) and Beijing Wangdong Medical Technology Co. (China).

Precision Business Insights (PBI) in its report titled “Global Diagnostic Imaging Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

Detailed Segmentation

By Product Type
• CT Scanners
• X-Ray Imaging Systems
• Ultrasound Systems
• MRI Systems
• Nuclear Imaging Systems
• Mammography Systems

By Application
• Radiography
• Magnetic resonance imaging
• Nuclear medicine
• Ultrasound
• Elastography
• Photoacoustic imaging
• Tomography
• Echocardiography
• Functional near-infrared spectroscopy
• Magnetic Particle Imaging

By End User
• Hospitals & Clinics
• Diagnostic Imaging Centres
• Others

Geography

o North America
• U.S
• Canada
o Europe
• Germany
• France
• U.K
• Italy
• Spain
• Russia
• Poland
• Rest of Europe
o Asia-Pacific
• Japan
• China
• India
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• Israel
• South Africa
• Rest of MEA

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