Rising Global Incidence Of Chronic Diseases Fueling The Diagnostic Imaging Equipment Market Driver: Leading Transformation in the Diagnostic Imaging Equipment Market in 2025

"What Are the Projected Growth and Market Size Trends for the Diagnostic Imaging Equipment Market?
In recent years, the diagnostic imaging equipment market has seen robust growth. With a compound annual growth rate (CAGR) of 6.9%, it is projected to increase from $56.96 billion in 2024 to $60.86 billion in 2025. This growth during the historic period is due to factors such as an aging population, an increase in disease burden, healthcare reimbursements, and regulatory approvals.

In the coming years, the market size of diagnostic imaging equipment is projected to experience consistent expansion, reaching a worth of $71.44 billion in 2029, with a compound annual growth rate (CAGR) of 4.1%. The expected growth during the forecast period can be credited to factors such as the integration of artificial intelligence (AI), provision of remote imaging services, personalized medical treatments, expansion in emerging markets, and the use of minimally invasive procedures. The forecast period is also likely to witness prevailing trends like the use of 3D and 4D imaging techniques, point-of-care imaging, reduction of radiation doses, hybrid imaging, and adherence to environmental sustainability.

What Is Driving the Growth Trajectory of the Diagnostic Imaging Equipment Market?
The worldwide rise in chronic illnesses is anticipated to fuel the expansion of the market for diagnostic imaging equipment. Chronic diseases are conditions that persist for at least a year, require regular medical treatment, limit routine tasks, or a combination of these, including diseases like cancer, diabetes, and more. Radiological imaging methods are utilized in the diagnosis of numerous diseases including diabetes, cancer, and cardiovascular disease. Diagnostic imaging helps in detecting chronic diseases that have not shown any symptoms yet. For example, in September 2023, the World Health Organization, an intergovernmental organization based in the US, reported that noncommunicable diseases (NCDs) cause 41 million deaths each year, equating to 74% of worldwide deaths. Out of these, 17 million individuals die before reaching 70 years of age, 86% of them living in low- and middle-income nations. Hence, the global surge in chronic diseases is propelling the market for diagnostic imaging equipment.

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Which Leading Companies Are Shaping the Growth of the Diagnostic Imaging Equipment Market?
Major companies operating in the diagnostic imaging equipment market include Siemens AG, Koninklijke Philips NV, Fujifilm Holdings Corporation, General Electric Company, Elekta AB, Carestream Health Inc., Hologic Inc., Medtronic plc, Mindray Medical International Limited, Canon Medical Systems Corporation, Esaote SpA, Shimadzu Medical Systems USA, Samsung Electronics Co. Ltd., Koning Corporation, Toshiba Medical Systems Corporation, Hitachi Medical Systems America Inc., Agfa-Gevaert NV, Analogic Corporation, Bracco Imaging SpA, Del Medical Inc., Esaote North America Inc., Imaging Dynamics Company Ltd., InfiMed Inc., Mediso Medical Imaging Systems Kft., NeuroLogica Corp., Planmed Oy, Shimadzu Corporation, SonoScape Medical Corp., SuperSonic Imagine SA, Terason, Toshiba America Medical Systems Inc., Ziehm Imaging GmbH, Zonare Medical Systems Inc.

What Are the Major Trends Shaping the Diagnostic Imaging Equipment Market?
Key players in the diagnostic imaging equipment market are concentrating on technological innovations, such as medical imaging, to enhance diagnostic precision and patient results. These advancements are designed to simplify workflows and expand access to top-tier imaging. Medical imaging involves utilizing methods to produce visual images of the body's internal structures for diagnosis and treatment, typically employing techniques like X-rays, MRI, CT scans, and ultrasound. For example, in April 2022, Indian tech firm Wipro Ltd. collaborated with U.S. medical tech company GE HealthCare Technologies, Inc. to innovate the Aspire CT scanner - a top-of-the-line computed tomography system produced entirely in India, much in accord with the Atmanirbhar Bharat initiative. This next-level scanner boasts superior imaging capabilities, streamlined operation with up to 50% more throughput, and a 30% improvement in image quality. Manufactured in a newly established facility with over INR 100 crore investment under the government's Production Linked Incentives (PLI) Scheme, the scanner seeks to improve the availability of quality healthcare, especially in tier 2 and tier 3 cities.

What Are the Key Segments of the Diagnostic Imaging Equipment Market?
The diagnostic imaging equipment market covered in this report is segmented -

1) By Type: X-Ray Systems Devices And Equipment, Ultrasound Systems Devices And Equipment, Computed Tomography (CT) Scanners Devices And Equipment, Magnetic Resonance Imaging Systems Devices And Equipment, Cardiovascular Monitoring And Diagnostic Devices And Equipment, Nuclear Imaging Devices And Equipment
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
3) By Type of Expenditure: Public, Private
4) By Product: Instruments Or Equipment, Disposables

Subsegments:
1) By X-Ray Systems Devices And Equipment: Analog X-Ray Systems, Digital X-Ray Systems, Fluoroscopy Systems, Portable X-Ray Systems, Mammography Systems
2) By Ultrasound Systems Devices And Equipment: Diagnostic Ultrasound Systems, Therapeutic Ultrasound Systems, 2D Ultrasound Systems, 3D Or 4D Ultrasound Systems, Portable Ultrasound Systems
3) By Computed Tomography (CT) Scanners Devices And Equipment: Conventional CT Scanners, Spiral Or Helical CT Scanners, Multislice CT Scanners, Portable CT Scanners
4) By Magnetic Resonance Imaging Systems Devices And Equipment: Closed MRI Systems, Open MRI Systems, Extremity MRI Systems, High-Field MRI Systems, Low-Field MRI Systems
5) By Cardiovascular Monitoring And Diagnostic Devices And Equipment: ECG Systems, Echocardiography Systems, Stress Testing Systems, Cardiac Catheterization Equipment, Holter Monitoring Systems
6) By Nuclear Imaging Devices And Equipment: Positron Emission Tomography (PET) Scanners, Single-Photon Emission Computed Tomography (SPECT) Scanners, Hybrid PET Or CT Scanners, Gamma Cameras

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Which Region Dominates the Diagnostic Imaging Equipment Market?
Western Europe was the largest region in the global diagnostic imaging equipment market in 2023. North America was the second largest region in the global diagnostic imaging equipment market. Africa. was the smallest region in the global diagnostic imaging equipment market. The regions covered in the diagnostic imaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Is Covered In The Diagnostic Imaging Equipment Global Market Report?

- Market Size Analysis: Analyze the Diagnostic Imaging Equipment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Diagnostic Imaging Equipment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Diagnostic Imaging Equipment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Diagnostic Imaging Equipment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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