Medical Imaging Market Analysis - Global Industry Size, Share, Trends and Forecast, 2014 - 2024

Category : Healthcare and Pharmaceuticals | Delivery Format : PDF | Status: Forthcoming | Report ID : ARC431

Introduction

Medical/diagnostic imaging refers to the employment of various imaging models to fetch a visual representation of body, especially its interior for therapeutic and diagnostic purposes. Medical imaging involves several types of models which are deployed to obtain images of human body for treatment and diagnosis of a variety of diseases. Medical imaging plays a key role in improvisation of overall human health. The medical imaging industry witnessed a revolution owing to advanced bed side monitoring for high tech digital scanning.

Market Dynamics

Advancements in technology in diagnostic imaging devices as well as increasing prevalence of chronic disorders along with the presence of rapidly aging population, rising awareness for early diagnosis and increase in the number of medical imaging procedures are some of the key factors driving the growth of global medical imaging market. Also, untapped medical imaging procedures in LAMEA and Asia-Pacific regions is also projected to fuel the overall market growth over the forecast period. Although, high cost of imaging modalities, shortage of helium gas and unfavorable reimbursement scenario especially in emerging economies is anticipated to limit the growth of global medical imaging market. However, increasing healthcare spending will continue to propel the demand for medical imaging devices over the forecast period. Medical practitioners extensively use diagnostic imaging technologies to diagnose and check patients and provide with exact medical conditions.

Widespread use of diagnostic imaging procedures including X-ray, MRI and CT scan has witnessed a significant growth over the past few decades. These imaging procedures offer rapid diagnosis and are painless, thus making them a suitable option for doctors and patients alike. Growing awareness towards preventative care has in turn resulted in rising demand for medical imaging techniques. In addition, burgeoning aging population is another key factor fuelling the overall global medical imaging market.

Regional Overview

The medical imaging market is analyzed to witness significant growth in developing regions such as Asia-Pacific and LAMEA. Some major reasons for the unparalleled growth of medical imaging market in these regions include rapid urbanization, undiagnosed patient population, increase in per capita disposable income, growing awareness about early diagnosis of diseases and improved government funding in healthcare sector. However, less adoption of high cost medical imaging procedures in developing countries such as China and India is expected to act as a challenge for the key market innovators. Also, rising incidence of chronic diseases as well as increasing number of medical imaging procedures are some key factors boosting the demand for medical imaging systems in healthcare sector across the globe. High cost of diagnostic imaging procedures, technological limitations and risk of high radiation exposure are some of the prime factors hindering the growth of global medical imaging market.

Market Classification

The global medical imaging market can be segmented on the basis of product type and region. By product type, the global medical imaging market can be segmented into X-Ray systems (digital imaging, computed radiography, direct radiography, stationary devices, portable devices, analog imaging), computed tomography scanners (high end slice, mid-end slice and low end slice), ultrasound systems (2D imaging, 3D imaging, 4D imaging, Doppler imaging, trolley based devices, compact devices), magnetic resonance imaging (closed MRI devices, open MRI devices, low to mid field systems, high field systems,very high field systems and ultra high field systems), nuclear imaging systems (photon emission tomography and single photon emission tomography, SPECT, standalone systems, hybrid systems) and others. Geographically, the global medical imaging market can be segmented into North America, Latin America, Europe, Middle East & Africa and Asia-Pacific.

Report Coverage

Market

Global Medical Imaging Market

Analysis Period

2014 – 2024

Historic Data

2014 – 2015

Base Year

2016

Forecast Data

2017 – 2024

Market Stratification

Product, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

 

Market Participants

Key players in the global medical imaging market are involved in various market strategies such as mergers and acquisitions with established market giants. Some of the key players in the medical imaging systems market include Philips Healthcare, Hitachi Healthcare Corporation, Shimadzu Corporation, Siemens Healthcare, and GE Healthcare among others.

Market Segmentation

Market By Product

·         X-Ray systems

o   Digital imaging

o   Computed radiography

o   Direct radiography

o   Stationary devices

o   Portable devices

o   Analog imaging

·         Computed tomography scanners

o   High end slice

o   Mid-end slice

o   Low end slice

·         Ultrasound systems

o   2D imaging

o   3D imaging

o   4D imaging

o   Doppler imaging

o   Trolley based devices

o   compact devices

·         Magnetic resonance imaging

o   Closed MRI devices

o   Open MRI devices

o   Low to mid field systems

o   High field systems

o   Very high field systems

o   Ultra high field systems

·         Nuclear imaging systems

o   Photon emission tomography

o   Single photon emission tomography

o   SPECT

o   Standalone systems

o   Hybrid systems

·         Others

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o    Brazil

o   Chile

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA


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