Press release
Medical/Diagnostic Imaging Market to Reach $68.8 Billion by 2030 | Carestream Health, Inc., Esaote SpA, General Electric Company, Hitachi Ltd
According to the report published by Allied Market Research, the global medical/diagnostic imaging market garnered $38.5 billion in 2020, and is expected to reach $68.8 billion by 2030, witnessing a CAGR of 5.8% from 2021 to 2030.
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Key Takeaways:
The X-ray imaging systems segment is expected to witness the highest CAGR of 6.5% from 2021 to 2030.
The breast health segment is estimated to manifest the fastest CAGR of 6.8% from 2021 to 2030.
North America held the highest share in 2020, accounting for around one-third of the total market share, and is expected to continue its dominance in terms of revenue by 2030.
Asia-Pacific is estimated to portray the largest CAGR of 6.5% during the forecast period.
Rise in need for the point-of-care imaging system, increased demand for enhanced optical images for improved diagnosis of diseases and disorders, and rise in incidence of chronic diseases drive the growth of the global medical/diagnostic imaging market. However, high cost of diagnostic/medical imaging devices and unfavorable reimbursement scenarios restrain the market growth. On the other hand, rise in number of key players that aim to develop innovative technology and increase in R&D activities in imaging technologies present new opportunities in the coming years.
The report offers detailed segmentation of the global medical/diagnostic imaging market based on product type, application, and region.
Based on product type, the X-ray imaging systems segment accounted for the highest share in 2020, contributing to nearly one-third of the total share, and is projected to continue its leadership status during the forecast period. Moreover, this segment is expected to witness the highest CAGR of 6.5% from 2021 to 2030. The report also analyzes segments including CT scanners, MRI systems, ultrasound imaging systems, nuclear imaging systems, and mammography systems.
Based on application, the cardiovascular and thoracic segment contributed to the highest share in 2020, accounting for nearly one-fourth of the total share of the global medical/diagnostic imaging market, and is projected to maintain its lead position during the forecast period. However, the breast health segment is estimated to manifest the fastest CAGR of 6.8% from 2021 to 2030.
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Based on region, North America held the highest share in 2020, accounting for around one-third of the total market share, and is expected to continue its dominance in terms of revenue by 2030. However, Asia-Pacific is estimated to portray the largest CAGR of 6.5% during the forecast period.
Leading players of the global medical/diagnostic imaging market analyzed in the research include Canon Inc. (Canon Medical Systems USA, Inc.), Esaote SpA, Carestream Health, Inc., Hitachi Ltd. (Hitachi Healthcare America Corporation), General Electric Company (GE Healthcare), Koninklijke Philips N.V., Hologic, Inc., Planmeca OY, Materialise NV, and Siemens AG.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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