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Diagnostic Imaging Market Size Worth USD 52.20 Billion in 2032 | Emergen Research

04-30-2024 03:52 PM CET | Health & Medicine

Press release from: Emergen Research

Diagnostic Imaging Market

Diagnostic Imaging Market

The global diagnostic imaging market size was USD 34.00 Billion in 2022 and is expected to register a revenue CAGR of 4.4% during the forecast period. The global diagnostic imaging market is witnessing substantial growth, driven by factors such as the rising prevalence of chronic diseases and advancements in medical imaging technologies. According to recent market research, these drivers are shaping the trajectory of the market, leading to significant revenue expansion.

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Key Market Drivers:

1. Growing Chronic Disease Prevalence: The escalation in chronic diseases globally has underscored the importance of diagnostic imaging in disease diagnosis and treatment. With swift evolution, diagnostic imaging is becoming a cornerstone in healthcare, aiding in the validation, evaluation, and documentation of various conditions. Collaborations between organizations and manufacturers aim to enhance patient safety through improved diagnostic imaging solutions.

2. Integration of Advanced Technologies: The integration of cutting-edge technologies within medical imaging is playing a pivotal role in market expansion. Technological advancements have notably revolutionized cancer diagnosis, offering detailed insights into tumor characteristics through modalities such as MRI, PET, and SPECT imaging. These advancements enable comprehensive tumor characterization, facilitating more effective treatment approaches.

Market Restraints:

Despite its growth, the market faces constraints, including the potential side effects of diagnostic imaging. Efforts such as the introduction of AI-based platforms and the establishment of production units for advanced imaging equipment aim to address these challenges and maintain market momentum.

Segment Insights:

• Diagnostic Imaging Modality: The ultrasound segment dominates the market, driven by advancements in transducer technology and the integration of artificial intelligence, enhancing its versatility across various medical settings.

• Diagnostic Imaging Application: Within applications, cardiology holds the largest market share, fueled by the adoption of advanced equipment for precise imaging and diagnosis of heart conditions.

• Diagnostic Imaging End-Use: Hospitals lead in end-use, utilizing diagnostic imaging for accurate disease diagnosis, treatment planning, and monitoring, thereby delivering comprehensive healthcare services.

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Diagnostic Imaging Top Companies and Competitive Landscape

The global diagnostic imaging market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective Diagnostic Imaging solutions.

Some major players included in the global diagnostic imaging market report are:

• Siemens Healthineers
• GE HealthCare India
• FUJIFILM Corporation
• Canon Medical Systems Corporation
• Koninklijke Philips NV
• Samsung Electronics Co. Ltd
• Hologic Corporation
• Browns Medical Imaging (BMI)
• Koning Corporation
• Shimadzu Medical

Diagnostic Imaging Latest Industry News

• In July 2022, 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 contribute to reducing the time required for MRI procedures.

• In April 2022, Wipro GE Healthcare announced the launch of its next-generation Revolution Aspire CT (Computed Tomography) scanner in India, which is the first made-in-India CT scanner.

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Diagnostic Imaging Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global diagnostic imaging market on the basis of modality, application, end-use, and region:

• Modality Outlook (Revenue, USD Billion; 2019-2032)
o MRI
o X-Ray
o Ultrasound
o Computed tomography
• Application Outlook (Revenue, USD Billion; 2019-2032)
o Cardiology
o Oncology
o Neurology
o Other applications
• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Hospitals
o Diagnostic centers
• Regional Outlook (Revenue, USD Billion; 2019-2032)
o North America
1. U.S.
2. Canada
o Europe
1. Germany
2. France
3. U.K.
4. Italy
5. Spain
6. Benelux
7. Russia
8. Rest of Europe
o Asia Pacific
1. China
2. Japan
3. South Korea
4. India
5. ASEAN Countries
6. Oceania
7. Rest of APAC
o Latin America
1. Brazil
2. Mexico
3. Rest of LATAM
o Middle East & Africa
1. GCC Countries
2. Israel
3. Turkey
4. South Africa
5. Rest of MEA

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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