Global Diagnostic Imaging
Market Report
2024
The Global Diagnostic Imaging Market was valued at USD 22.21 billion in 2022 and is projected to reach USD 34.23 billion by 2030, registering a CAGR of 5.9 % for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The Global Diagnostic Imaging Market was valued at USD 22.21 billion in 2022 and is projected to reach USD 34.23 billion by 2030, registering a CAGR of 5.9 % for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Diagnostic Imaging Market Sales Revenue 2022 | $ 22.21 Billion |
Global Diagnostic Imaging Market Sales Revenue 2030 | $ 34.23 Billion |
Global Diagnostic Imaging Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.9% |
Market Split by Type |
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Market Split by Application |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Diagnostic Imaging Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Diagnostic imaging, also called medical imaging, is a technique and a process used to visualize the function of some organs or tissues as well as the interior of an individual for clinical analysis and medical intervention. Diagnostic health imaging technology has altered healthcare and enables earlier diagnosis of medical conditions, decreases the need for unnecessary invasive exploratory procedures, and improves patient outcomes. Diagnostic imaging refers to various methods of viewing the inside of the body to determine the causes of an illness or injury and confirm a diagnosis. Doctors also use it to see how well a patient’s body responds to treatment for a fracture or illness. Diagnostic imaging is essential in modern healthcare because it offers useful information for clinical decision-making, guiding treatment plans, and evaluating treatment outcomes. It helps to detect fractures, tumors, infections, blockages, and other abnormalities, enabling healthcare providers to develop appropriate treatment plans and interventions.
The increase in the prevalence of chronic disease drives the growth of the diagnostic imaging market. Many chronic diseases, such as cancer, cardiovascular disease, and neurological disorders, might have indirect or asymptomatic symptoms in the early stages. Diagnostic imaging techniques like mammography, colonoscopy, and MRI can detect abnormalities at an early stage, allowing for timely intervention and increasing diagnosis accuracy, and improving patient care. For instance, in June 2021, according to World Health Organization (WHO), it was observed that cardiovascular diseases (CVDs) are the leading cause of death globally. Diagnostic imaging is essential for monitoring the development of chronic disorders. This will lead to an increase in the demand for diagnostic imaging.
The technical limitation associated with a standalone system limits the growth of the market. This is due to standalone systems are typically designed to perform specific imaging modalities, such as ultrasound, X-ray, and MRI. Each standalone system focuses on a particular imaging technique, which means it may not offer the versatility of multiple imaging modalities within a single system. This limitation can restrict the range of diagnostic capabilities and may require the installation of multiple standalone systems to cover a broader spectrum of imaging needs.
The outbreak of COVID-19 has disrupted many healthcare facilities and experienced disruptions in routine imaging services. Non-urgent imaging procedures and screenings were postponed or canceled to prioritize resources for COVID-19 patients and to minimize the risk of viral transmission. This led to a decline in the volume of diagnostic imaging procedures performed, impacting the revenue and growth of the market. The focus of imaging shifted during the pandemic. While routine screenings were postponed, there was an increased demand for imaging services related to COVID-19, such as chest X-rays and CT scans to assess lung involvement. The market saw a shift in the types of imaging procedures being performed, reflecting the changing priorities and needs to be driven by the pandemic. The pandemic highlighted the importance of portable and point-of-care imaging devices. These devices allow imaging to be conducted directly at the patient's bedside, reducing the need for patient movement and minimizing the risk of viral transmission. Portable X-ray machines, handheld ultrasound devices, and mobile CT scanners gained importance in managing COVID-19 patients, leading to an increased demand for such devices.
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Canon Medical launched the Vantage Fortain MRI System at ECR 2022. This MRI system features innovative workflow solutions, image enhancements, and accelerated scan technology, which together contributes to reducing the time required for MRI procedures.
(Source: https://eu.medical.canon/News/PressRelease/Detail/118991-834 )
Wipro GE Healthcare launched the next-generation revolution aspire CT scanner. Revolution Aspire is an advanced imaging solution designed and manufactured end-to-end in India.
Top Companies Market Share in Diagnostic Imaging Industry: (In no particular order of Rank)
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North America dominated the market with a 38.78%% share as of 2022. This is attributed to the rising chronic diseases in the United States. For instance, chronic diseases affect approximately 133 million Americans, representing more than 45% of the total population of this country. Furthermore, North America has a significant aging population. Chronic diseases, such as cardiovascular diseases, cancer, diabetes, and respiratory conditions, tend to be more prevalent among older individuals. As the elderly population grows, the demand for chronic disease management increases. This will lead to an increase in the demand for diagnostic imaging in North America Region.
Asia Pacific is projected to witness the fastest growth during the forecast period, from 2023 to 2030. The Asia Pacific region has a rapidly growing population, which directly contributes to an increase in the number of patients requiring medical imaging services. As the population expands, the demand for diagnostic imaging increases to help in the diagnosis and treatment of various diseases and conditions. The increasing population and rising healthcare needs contribute to the growing demand for diagnostic imaging services
The current report Scope analyzes Diagnostic Imaging Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Diagnostic Imaging Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Diagnostic Imaging Industry growth. Diagnostic Imaging market has been segmented with the help of its Type, Application End User, and others. Diagnostic Imaging market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Ultrasound imaging is a non-invasive and radiation-free imaging modality, which makes it safer and more accessible than other types. Ionizing radiation has the potential to damage cells and DNA, which is why it is associated with certain risks, especially with repeated or high-dose exposures. Ultrasound's use of sound waves instead of ionizing radiation makes it a safer imaging option. The absence of ionizing radiation reduces the potential risks to patients and allows for repeated examinations when necessary. This safety advantage has contributed to the widespread use and acceptance of ultrasound imaging across various medical specialties.
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This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Diagnostic Imaging from 2019 to 2031. This will also help to analyze the demand for Diagnostic Imaging across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Application of Diagnostic Imaging are:
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Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Diagnostic Imaging Market is witnessing significant growth in the near future.
In 2023, the CT Scanners segment accounted for noticeable share of global Diagnostic Imaging Market and is projected to experience significant growth in the near future.
The Obstetrics and Gynecology Health segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies GE Healthcare , Canon Medical Systems Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
The market for Diagnostic Imaging is a pivotal and rapidly evolving sector that provides an overview of what diagnostic imaging entails, the components used, and its diverse applications. Let’s find out the key factors boosting the market’s growth.
Disclaimer:
Type | CT Scanners, X-ray Imaging Systems, MRI Systems, Ultrasound Imaging Systems, Nuclear Imaging Systems, Mammography Systems |
Application | Obstetrics and Gynecology Health, Orthopedics and Musculoskeletal, Neuro and Spine, Cardiovascular and Thoracic, General Imaging, Breast Health, Others |
End User | Hospitals, Hospital Pharmacies, Drug Stores, Online drug stores |
List of Competitors | GE Healthcare, Koninklijke Philips N.V., Canon Medical Systems Corporation, Siemens Healthineers, Koninklijke Philips N.V, Esaote, Hologic Inc., Samsung Medison Co. Ltd., Koning Corporation, Mindray Medical International, PerkinElmer Inc., FUJIFILM VisualSonics Inc., Cubresa Inc |
This chapter will help you gain GLOBAL Market Analysis of Diagnostic Imaging. Further deep in this chapter, you will be able to review Global Diagnostic Imaging Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Diagnostic Imaging market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why CT Scanners have a significant impact on Diagnostic Imaging market? |
What are the key factors affecting the CT Scanners and X-ray Imaging Systems of Diagnostic Imaging Market? |
What is the CAGR/Growth Rate of Obstetrics and Gynecology Health during the forecast period? |
By type, which segment accounted for largest share of the global Diagnostic Imaging Market? |
Which region is expected to dominate the global Diagnostic Imaging Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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