Global Diagnostic Imaging Equipment Market – Industry Trends and Forecast to 2030

Global Diagnostic Imaging Equipment Market, By Product Type (X-Ray Imaging, Digital, Analog, MRI, Ultrasound, CT-Scan, Nuclear Imaging), Application (Oncology, Cardiology, Orthopaedics, Others), Portability (Stationary X-ray Imaging Systems and Portable X-ray Imaging Systems), End-Users (Hospitals, Diagnostic Centres and Research Centres), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) - Industry Trends and Forecast to 2030.

Diagnostic Imaging Equipment Market Analysis and Size

Diagnostic imaging equipment refers to a broad category of medical device used to visualize and create images of the internal structures of the human body. These images assist healthcare professionals in diagnosing and monitoring various medical conditions. Some commonly used diagnostic imaging equipment are - X-ray machines, Computed Tomography (CT) scanners, Magnetic Resonance Imaging (MRI) machines, Ultrasound machines, Positron Emission Tomography (PET) scanners, Single-Photon Emission Computed Tomography (SPECT) scanners etc.

Data Bridge Market Research analyses that the Diagnostic Imaging Equipment market which was USD 48,710.00 million in 2022, would rocket up to USD 71,420.36 million by 2030, and is expected to undergo a CAGR of 4.9% during the forecast period of 2023-2030. This indicates that the market value of X-Ray imaging dominates the product type segment of the diagnostic imaging equipment market owing to the increasing prevalence of chronic diseases. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Diagnostic Imaging Equipment Market Scope and Segmentation

Market Definition

Diagnostic imaging refers to the use of various medical imaging techniques to visualize and diagnose diseases or conditions within the body. It plays a crucial role in modern medicine by providing detailed images of internal structures, allowing healthcare professionals to assess the presence, location, and extent of abnormalities or injuries.

Diagnostic Imaging Equipment Market Dynamics

Drivers

• Increasing prevalence of chronic diseases

The rising incidence of chronic diseases, such as cancer, cardiovascular diseases, and neurological disorders, is driving the demand for diagnostic imaging equipment. These devices play a crucial role in the early detection, diagnosis, and monitoring of these conditions.

• Growing demand for minimally invasive procedures

There is a growing trend toward minimally invasive surgeries and procedures, which rely heavily on imaging guidance. Diagnostic imaging equipment, such as CT scanners, MRI machines, and ultrasound systems, are essential for precise visualization and guidance during these procedures, and these acts as driver for the market.

• Growing awareness and diagnosis

There is a growing awareness among individuals about the importance of early diagnosis and the need for timely diagnosis and treatment of dental disorders. As a result, more people are seeking medical help, leading to an increased diagnosis of conditions that require diagnostic imaging equipment.

• Expansion of point-of-care imaging

Point-of-care imaging refers to the use of portable and handheld imaging devices that can be used at the patient's bedside or in remote locations. These devices enable quick and convenient imaging, especially in emergency settings, rural areas, and during home healthcare visits.

Opportunities

• Integration of imaging with electronic health records (EHR)

The integration of imaging equipment with electronic health records systems allows for seamless data sharing, efficient workflow management, and improved patient care. This integration presents opportunities for manufacturers to develop imaging devices with enhanced connectivity and interoperability features.

• Mobile imaging solutions

The demand for portable and mobile imaging solutions is increasing. These solutions enable imaging in remote areas, disaster zones, and during home healthcare visits. Developing lightweight, handheld, and mobile-friendly diagnostic imaging equipment can tap into this market opportunity.

Restraints/Challenges

• Maintenance and service costs

Diagnostic imaging equipment requires regular maintenance, calibration, and servicing to ensure accurate and reliable performance. The associated costs and the need for trained technical personnel can add to the overall expenses for healthcare providers. Limited access to maintenance and service support in remote or underdeveloped areas can also be a restraint.

• Limited access in rural and underserved areas

Rural and underserved areas often face challenges in accessing advanced diagnostic imaging equipment and services. The high cost of equipment, lack of healthcare infrastructure, and limited availability of trained personnel can result in inadequate access to timely and quality imaging services in these regions.

This diagnostic imaging equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the diagnostic imaging equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In Feb 2023, emphasizing quality imaging and a variety of features to promote efficient diagnosis, Mindray has launched the handheld ultrasound system TE Air.
• In March 2022, Siemens Healthineers showcased the latest products and technologies in radiology at 74th National Conference, IRIA 2022, Bengaluru, India. Reiterating the need to be at the center of clinical decision-making across the full healthcare spectrum, Siemens Healthineers introduced its unique solutions in MRI and CT portfolio- MAGNETOM Free.Star and NAEOTOM Alpha®.

Global Diagnostic Imaging Equipment Market Scope

The diagnostic imaging equipment market is segmented on the basis of product type, application, portability, and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• X-Ray Imaging
• Digital
• Analog
• MRI
• Ultrasound
• CT-Scan
• Nuclear Imaging

Application

• Oncology
• Cardiology
• Orthopaedics
• Others

Portability

• Stationary X-ray Imaging Systems
• Portable X-ray Imaging Systems

End Users

• Hospitals
• Diagnostic Centres
• Research Centers

Diagnostic Imaging Equipment Market Regional Analysis/Insights

The diagnostic imaging equipment market is analysed and market size insights and trends are provided by country, product type, application, portability and end users as referenced above.

The countries covered in the diagnostic imaging equipment market report are the U.S., Canada and Mexico in North America, Germany, Italy, the U.K., France, Spain, the Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the diagnostic imaging equipment market because of the rising prevalence of chronic diseases in region, growing investment in healthcare infrastructure is also boosting the growth of the market.   

Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to the increasing prevalence of chronic diseases, rise in medical tourism, growing diagnostic research activities in the region, availability of massive untapped diagnostics markets, large population pool, and the growing demand for quality diagnosis in healthcare in the region.

The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The diagnostic imaging equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for diagnostic imaging equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the diagnostic imaging equipment market. The data is available for historic period 2015-2020.

Competitive Landscape and Diagnostic Imaging Equipment Market Share Analysis

The diagnostic imaging equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to diagnostic imaging equipment market.

Some of the major players operating in the diagnostic imaging equipment market are:

• General Electric Company (U.S.)
• Hitachi Ltd. (Japan)
• Hologic, Inc. (U.S.)
• Koninklijke Philips N.V. (Netherlands)
• Samsung Medison Co., Ltd. (South Korea)
• Shimadzu Medical Pvt. Ltd. (Japan)
• CANON MEDICAL SYSTEM CORPORATION (Japan)
• ESAOTE SPA (Italy)
• Allengers. (U.S.)
• CURA Healthcare (India)
• Neusoft Corporation (China)
• NP JSC AMICO (Russia)
• Shanghai Lianying Medical Technology Co., Ltd. (China)
• FUJIFILM Corporation (Japan)
• Siemens Healthcare Private Limited (Germany)