Diagnostic Imaging Market 2021 Continues Rapid Growth || GE Healthcare (US), Siemens Healthineers (Germany), Koninklijke Philips N.V. (Netherlands), Agfa-Gevaert N.V. (Belgium)

The Diagnostic Imaging Market report has been produced with the systematic gathering and analysis of information about individuals or organizations conducted through social and opinion research. The principal areas of market analysis such as market definition, market segmentation, competitive analysis, and research methodology are studied very vigilantly and precisely throughout the report. For a clear and better understanding of facts and figures, the data is represented in the form of graphs and charts. Diagnostic Imaging Market research report assists businesses with intelligent decision making and better manage the marketing of goods which ultimately leads to growth in the business.

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Diagnostic Imaging Market by Product (MRI (Open, Closed), Ultrasound (2D, 4D, Doppler), CT, X-Ray (Digital, Analog), SPECT, Hybrid PET, Mammography), Application (OB/Gyn, Cardiology, Oncology), Enduser (Hospitals, Imaging Centers) - Global Forecast to 2026 The global diagnostic imaging market is projected to reach USD 35.0 billion by 2026 from USD 26.6 billion in 2020, at a CAGR of 5.7% from 2021 to 2026.

The major players in the market include

GE Healthcare (US),
Siemens Healthineers (Germany),
Koninklijke Philips N.V. (Netherlands),
Agfa-Gevaert N.V. (Belgium),
Canon Medical Systems Corporation (Japan),
Hitachi Ltd. (Japan),
Carestream Health, Inc. (US),
Esaote S.p.A (Italy),
Hologic, Inc. (US),
FUJIFILM Holdings Corporation (Japan),
Samsung Electronics (South Korea),
Mindray Medical International (China),
Planmed Oy (Finland),
CurveBeam LLC (US),
Shimadzu Corporation (Japan) among others.

The growth of this market is primarily driven by the increasing demand for early disease diagnosis and widening scope of clinical applications, rapidly growing geriatric population and the subsequent increase in the prevalence of associated diseases, technological advancements in diagnostic imaging industry, and increasing investments, funds, and grants by public-private organizations. However, the high cost of diagnostic imaging systems, technological limitations associated with standalone systems, declining reimbursements and increasing regulatory burden in the US and the shortage of helium availability are expected to limit market growth to a certain extent.

“The CT Scanners market segment accounted for the largest share of the global diagnostic imaging market in 2020”

Based on product, the diagnostic imaging market is broadly segmented into six segments—X-ray imaging systems, CT scanners, ultrasound imaging systems, MRI systems, nuclear imaging systems, and mammography systems. The CT scanners segment held the largest share of the global diagnostic imaging market in 2020. The high growth of this product segment can be attributed to the growing demand for early and accurate diagnosis, high adoption of CT Scanners by hospitals and diagnostic centers across the globe. There has been a steady increase in the demand for CT scanners ever since the COVID-19 pandemic started. CT of the chest plays an important role in diagnosing COVID-19; almost every patient needs a CT scan to monitor disease progression. Consequently, the rising demand for disease treatment has favored the CT scanners market, even with the deferred procedures.

“The general radiography application of X-ray systems accounted to be the fastest market during the forecast period”

Based on application, the diagnostic imaging market is segmented into the respective modalities viz., MRI systems, ultrasound systems, X-ray imaging systems, CT scanners, nuclear imaging systems, and mammography systems, and their respective applications. Among the applications, the largest share in 2020 was accounted by cardiology under CT scanners, and brain & neurological MRI under MRI systems; radiology/general imaging under ultrasound systems; General radiography applications under X-ray imaging systems; and oncology under nuclear imaging systems. General radiography applications under X-ray imaging systems application accounted for the largest market share among all application segments of diagnostic imaging market in 2020.

“Asia Pacific region expected to register the highest CAGR during the forecast period”

The diagnostic imaging market is segmented into five major regions, namely North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region is expected to register the highest CAGR during the forecast period. The increasing incidence of chronic diseases, growing awareness about the benefits of early disease diagnosis, improvements in healthcare systems, the flourishing medical tourism market in APAC countries, increasing government initiatives for modernizing the healthcare infrastructure, and the growing number of ongoing research activities related to the development of advanced diagnostic imaging modalities are some of the major factors driving market growth in this region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

By Company Type: Tier 1- 48%, Tier 2- 36%, and Tier 3- 16%
By Designation: C-Level- 10%, Director Level- 14%, and Others- 76%
By Region: North America - 40%, Europe - 32%, Asia Pacific - 20%, Lain America - 5%, Middle East & Africa – 3%
*Others include sales managers, engineers, and regional managers.

Note: Tier 1 Company—Revenue > USD 5 billion, Tier 2 Company—Revenue between USD 1 and USD 5 billion, and Tier 3 Company—Revenue < USD 1 billion

Research Coverage

The report defines, describes, and forecasts the diagnostic imaging market, by product, application, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market, which include the analysis of the competitive landscape, market dynamics, market estimates in terms of value and volume, and future trends in the diagnostic imaging market.

Why Buy this Report?

The report identifies and addresses the key markets for the diagnostic imaging market, which would help equipment manufacturers and service providers review the growth in demand.
The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Markets Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.4 Currency
Table 1 Standard Currency Conversion Rates
1.5 Limitations
1.6 Stakeholders
1.7 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Diagnostic Imaging Market: Research Methodology Steps
Figure 2 Research Design
2.1.1 Secondary Research
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Research
Figure 3 Primary Sources
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
Figure 4 Breakdown Of Supply-Side Primary Interviews: By Company Type, Designation, And Region
Figure 5 Research Methodology: Hypothesis Building
2.2 Market Size Estimation
2.2.1 Product-Based Market Estimation
2.2.2 Volume-Based Market Estimation
Figure 6 Market Size Estimation: Diagnostic Imaging Market
Figure 7 Cagr Projections: Supply-Side Analysis
2.2.3 Primary Research Validation
2.3 Covid-19 Health Assessment
2.4 Covid-19 Economic Assessment
2.5 Assessment Of The Impact Of Covid-19 On The Economic Scenario
Figure 8 Criteria Impacting The Global Economy
Figure 9 Recovery Scenario Of The Global Economy
2.6 Assessment Of The Impact Of Covid-19 On The Economic Scenario In The Diagnostic Imaging Market
2.7 Market Breakdown And Data Triangulation
Figure 10 Diagnostic Imaging Market: Data Triangulation Methodology
2.8 Research Assumptions And Limitations
2.8.1 Assumptions For The Study
2.9 Risk Assessment
Table 2 Risk Assessment: Diagnostic Imaging Market

3 Executive Summary
Figure 11 Diagnostic Imaging Market, By Product, 2021 Vs. 2026 (Usd Million)
Figure 12 Diagnostic Imaging Market, By Application, 2021 Vs 2026 (Usd Million)
Figure 13 Diagnostic Imaging Market, By End User, 2021 Vs. 2026 (Usd Million)
Figure 14 Geographical Snapshot Of The Diagnostic Imaging Market

4 Premium Insights
4.1 Diagnostic Imaging: Market Overview
Figure 15 Increasing Geriatric Population And Subsequent Rise In Associated Diseases Is Driving Market Growth
4.2 Diagnostic Imaging Market, By Product, 2021 Vs. 2026 (Usd Million)
Figure 16 The Ultrasound Systems Segment Is Expected To Grow At The Highest Rate During The Forecast Period
4.3 Europe Diagnostic Imaging Market Share, By Product And Country, 2021
Figure 17 Ultrasound Systems To Dominate The Diagnostic Imaging Market In Europe
4.4 Geographic Snapshot Of The Diagnostic Imaging Market
Figure 18 Asia Pacific To Register The Highest Cagr During The Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 19 Diagnostic Imaging Market: Drivers, Restraints, Opportunities, And Challenges
5.2.1 Drivers
5.2.1.1 Growing Geriatric Population And The Rising Prevalence Of Associated Diseases
Table 3 Age-Related Diseases And Associated Diagnostic Modalities
5.2.1.2 Increasing Demand For Early Diagnosis And Widening Scope Of Clinical Applications
5.2.1.3 Technological Advancements In Diagnostic Imaging Modalities
Table 4 Technological Advancements In Diagnostic Imaging Systems
5.2.1.4 Increasing Investments, Funds, And Grants By Public-Private Organizations
Table 5 Key Investments By Government Bodies In The Diagnostic Imaging Market
5.2.2 Restraints
5.2.2.1 High Cost Of Diagnostic Imaging Systems
5.2.2.2 Technological Limitations Associated With Standalone Systems
5.2.2.3 Declining Reimbursements And Increasing Regulatory Burden In The Us
Table 6 Medicare Reimbursement Trends, By Imaging Modality, 2007–2019
5.2.2.4 Shortage Of Helium
5.2.3 Opportunities
5.2.3.1 Growth Opportunities In Emerging Countries
5.2.3.2 Adoption Of Ai And Analytics In Diagnostic Imaging
5.2.3.3 Use Of Blockchain In Diagnostic Imaging
5.2.3.4 Increasing Adoption Of Teleradiology
5.2.3.5 Contract-Based Radiology Solutions And Mobile Solutions
5.2.4 Challenges
5.2.4.1 Hospital Budget Cuts
5.2.4.2 Increasing Adoption Of Refurbished Diagnostic Imaging Systems
5.2.4.3 Dearth Of Trained Professionals
5.3 Trends & Burning Issues
5.3.1 Increasing Adoption Of Hybrid Diagnostic Imaging Modalities
5.3.2 Overutilization Of Diagnostic Imaging Services Around The World
5.4 Pricing Analysis
Table 7 Regional Pricing Analysis Of Key Diagnostic Imaging Modalities, 2020 (Usd)
5.5 Value Chain Analysis
5.5.1 Research & Development
5.5.2 Manufacturing & Assembly
5.5.3 Distribution, Marketing & Sales, And Post-Sales Services
Figure 20 Value Chain Analysis
5.6 Ecosystem Analysis
5.7 Supply Chain Analysis
5.7.1 Prominent Companies
5.7.2 Small & Medium-Sized Enterprises
5.7.3 End Users
Figure 21 Supply Chain Analysis
5.7.4 Role In Ecosystem
5.8 Porter’s Five Forces Analysis
Table 8 Diagnostic Imaging Market: Porter’s Five Forces Analysis
5.8.1 Bargaining Power Of Buyers
5.8.2 Bargaining Power Of Suppliers
5.8.3 Threat Of New Entrants
5.8.4 Threat Of Substitutes
5.8.5 Intensity Of Competitive Rivalry
5.9 Regulatory Analysis
5.9.1 North America
5.9.1.1 Us
Table 9 Us Fda: Medical Device Classification
Table 10 Us: Medical Device Regulatory Approval Process
5.9.1.2 Canada
Table 11 Canada: Medical Device Regulatory Approval Process
5.9.2 Europe
5.9.3 Asia Pacific
5.9.3.1 Japan
Table 12 Japan: Medical Device Classification Under Pmda
5.9.3.2 China
Table 13 China: Classification Of Medical Devices
5.9.3.3 India
5.10 Reimbursement Scenario
Table 14 Medical Reimbursement Cpt Codes For Mri Procedures In The Us (As Of 2021)
Table 15 Medical Reimbursement Cpt Codes For Ct Imaging Procedures In The Us (As Of 2021)
Table 16 Medical Reimbursement Codes For Pet/Ct Imaging Procedures In The Us (As Of 2021)
Table 17 Medical Reimbursement Codes For Ultrasound Imaging Procedures In The Us (As Of 2021)
Table 18 Medical Reimbursement Codes For Mammography Imaging Procedures In The Us (As Of 2021)
Table 19 Medical Reimbursement Codes For Radiology Procedures In The Us (As Of 2021)
5.11 Impact Of Covid-19 On The Diagnostic Imaging Market
5.11.1 Patent Analysis
Figure 22 Major Patents Holders For Ultrasound Imaging Systems (January 2011-May 2021)
Figure 23 Major Patents Holders For Mri Systems (January 2011-May 2021)
Figure 24 Major Patents Holders For Ct Scanners (January 2011-May 2021)
Figure 25 Major Patents Holders For Mammography Systems (January 2011-May 2021)
Figure 26 Major Patents Holders For Nuclear Imaging Systems (January 2011-May 2021)
Figure 27 Major Patents Holders For X-Ray Imaging Systems (January 2011-May 2021)
Figure 28 Jurisdiction Analysis: Top Applicant Countries For Diagnostic Imaging Patents, 2011–2021
5.12 Trade Analysis
5.12.1 Trade Analysis For Computed Tomography Systems
5.12.1.1 Import Data For Computed Tomography Systems, By Country, 2016─2020 (Usd Million)
5.12.1.2 Export Data For Computed Tomography Systems, By Country, 2016─2020 (Usd Million)
5.12.2 Trade Analysis For Ultrasound Systems
5.12.2.1 Import Data For Magnetic Resonance Imaging Systems, By Country, 2016─2020 (Usd Million)
5.12.2.2 Export Data For Ultrasound Systems, By Country, 2016─2020 (Usd Million)
5.12.3 Trade Analysis For Magnetic Resonance Imaging Systems
5.12.3.1 Import Data For Magnetic Resonance Imaging Systems, By Country, 2016─2020 (Usd Million)
5.12.3.2 Export Data For Magnetic Resonance Imaging Systems, By Country, 2016─2020 (Usd Million)
5.12.4 Trade Analysis For X- Ray Systems
5.12.4.1 Import Data For X-Ray Systems, By Country, 2016─2020 (Usd Million)
5.12.4.2 Export Data For X-Ray Systems, By Country, 2016─2020 (Usd Million)

6 Diagnostic Imaging Market, By Product
6.1 Introduction
Table 20 Diagnostic Imaging Market, By Product, 2019–2026 (Usd Million)
6.2 Ct Scanners
Table 21 Ct Scanners Market, By Region, 2019–2026 (Usd Million)
Table 22 Ct Scanners Market, By Region, 2019–2026 (Units)
Table 23 Ct Scanners Market, By Type, 2019–2026 (Usd Million)
6.2.1 Conventional Ct Scanners
Table 24 Conventional Ct Scanners Market, By Region, 2019–2026 (Usd Million)
Table 25 Conventional Ct Scanners Market, By Type, 2019–2026 (Usd Million)
6.2.1.1 High-Slice Ct Scanners
6.2.1.1.1 High Imaging Resolution And Wide Applications Of High-Slice Scanners Have Made Them Popular Among End Users
Table 26 High-Slice Ct Scanners Market, By Region, 2019–2026 (Usd Million)
6.2.1.2 Mid-Slice Ct Scanners
6.2.1.2.1 The Affordability Of Mid-Slice Ct Has Driven Its Adoption In Emerging Markets
Table 27 Mid-Slice Ct Scanners Market, By Region, 2019–2026 (Usd Million)
6.2.1.3 Low-Slice Ct Scanners
6.2.1.3.1 Low-Slice Ct Scanners Are Being Replaced With Mid-Slice Ct Systems
Table 28 Low-Slice Ct Scanners Market, By Region, 2019–2026 (Usd Million)
6.2.2 Cone-Beam Ct Scanners
6.2.2.1 Lower Radiation Exposure And Increasing Applications In Dental And Limb Scanning Have Driven Cbct Adoption
Table 29 Cbct Scanners Market, By Region, 2019–2026 (Usd Million)
6.3 Ultrasound Systems
Table 30 Ultrasound Systems Market, By Region, 2019–2026 (Usd Million)
Table 31 Ultrasound Systems Market, By Region, 2019–2026 (Units)
6.3.1 Ultrasound Systems Market, By Technology
Table 32 Ultrasound Systems Market, By Technology, 2019–2026 (Usd Million)
6.3.1.1 2d Ultrasound Systems
6.3.1.1.1 2d Ultrasound Systems Dominate The Global Ultrasound Systems Market
Table 33 2d Ultrasound Systems Market, By Region, 2019–2026 (Usd Million)
6.3.1.2 3d & 4d Ultrasound Systems
6.3.1.2.1 Technological Advancements And Potential Are Driving The Demand For 3d & 4d Ultrasound
Table 34 3d & 4d Ultrasound Systems Market, By Region, 2019–2026 (Usd Million)
6.3.1.3 Doppler Ultrasound Systems
6.3.1.3.1 While Noninvasive, Doppler Imaging Can Heat Tissues Being Scanned
Table 35 Doppler Ultrasound Systems Market, By Region, 2019–2026 (Usd Million)
6.3.2 Ultrasound Systems Market, By Portability
Table 36 Ultrasound Systems Market, By Portability, 2019–2026 (Usd Million)
6.3.2.1 Trolley/Cart-Based Ultrasound Systems
6.3.2.1.1 Wide Applications And Technological Advancements In Trolley/Cart-Based Systems Are Driving Market Growth
Table 37 Trolley/Cart-Based Ultrasound Systems Market, By Region, 2019–2026 (Usd Million)
6.3.2.2 Compact/Portable Ultrasound Systems
6.3.2.2.1 High Portability And Ease Of Use Is Contributing To The Demand For Compact Systems
Table 38 Compact/Portable Ultrasound Systems Market, By Region, 2019–2026 (Usd Million)
6.4 X-Ray Imaging Systems
Table 39 X-Ray Imaging Systems Market, By Region, 2019–2026 (Usd Million)
Table 40 X-Ray Imaging Systems Market, By Region, 2019–2026 (Units)
6.4.1 X-Ray Imaging Systems Market, By Type
Table 41 X-Ray Imaging Systems Market, By Type, 2019–2026 (Usd Million)
6.4.1.1 Digital X-Ray Imaging Systems
Figure 29 Computed Radiography Vs. Direct Radiography
Table 42 Digital X-Ray Imaging Systems Market, By Region, 2019–2026 (Usd Million)
Table 43 Digital X-Ray Imaging Systems Market, By Type, 2019–2026 (Usd Million)
6.4.1.1.1 Direct Radiography Systems
6.4.1.1.1.1 High-Throughput Capabilities And Quick Operations Have Propelled The Demand For Dr Systems
Table 44 Direct Radiography Systems Market, By Region, 2019–2026 (Usd Million)
6.4.1.1.2 Computed Radiography Systems
6.4.1.1.2.1 Cr Technology Is Rapidly Replacing Analog Systems Acting In The Emerging Economies
Table 45 Computed Radiography Systems Market, By Region, 2019–2026 (Usd Million)
6.4.1.2 Analog X-Ray Imaging Systems
6.4.1.2.1 Higher Risk Of Radiation Exposure And Technological Limitations Impede The Market Growth
Table 46 Analog X-Ray Imaging Systems Market, By Region, 2019–2026 (Usd Million)
6.4.2 X-Ray Imaging Systems Market, By Portability
Table 47 X-Ray Imaging Systems Market, By Portability, 2019–2026 (Usd Million)
6.4.2.1 Stationary X-Ray Imaging Systems
6.4.2.1.1 Greater Integration Of Configurations Makes Stationary X-Ray Systems Preferable In A Diagnostic Clinic
Table 48 Stationary X-Ray Imaging Systems Market, By Region, 2019–2026 (Usd Million)
6.4.2.2 Portable X-Ray Imaging Systems
6.4.2.2.1 Portable Systems Show High Adoption In Trauma Care And Emergency Departments
Table 49 Portable X-Ray Imaging Systems Market, By Region, 2019–2026 (Usd Million)
6.5 Mri Systems
Table 50 Mri Systems Market, By Region, 2019–2026 (Usd Million)
Table 51 Mri Systems Market, By Region, 2019–2026 (Units)
6.5.1 Mri Systems Market, By Architecture
Table 52 Mri Systems Market, By Architecture, 2019–2026 (Usd Million)
6.5.1.1 Closed Mri Systems
6.5.1.1.1 Closed Mri Systems Are Widely Adopted Across The Globe
Table 53 Closed Mri Systems Market, By Region, 2019–2026 (Usd Million)
6.5.1.2 Open Mri Systems
6.5.1.2.1 Open Mri Can Reduce Anxiety In Claustrophobic Individuals
Table 54 Open Mri Systems Market, By Region, 2019–2026 (Usd Million)
6.5.2 Mri Systems Market, By Field Strength
Table 55 Mri Systems Market, By Field Strength, 2019–2026 (Usd Million)
6.5.2.1 High & Very-High-Field Mri Systems
6.5.2.1.1 High & Very-High-Field Mri Systems Dominate The Global Mri Systems Market
Table 56 High & Very-High-Field Mri Systems Market, By Region, 2019–2026 (Usd Million)
6.5.2.2 Low-To-Mid-Field Mri Systems
6.5.2.2.1 Technological Limitations Have Reduced The Adoption Of Low-To-Mid-Field Mri Systems
Table 57 Low To Mid-Field (

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