Global Diagnostic Imaging Market – Analysis and Forecast (2022-2030)

Industry Insights by Product (Computed Tomography Scanners, X-Ray Imaging Systems, Ultrasound Imaging Systems, Magnetic Resonance Imaging, and Nuclear Imaging Systems), and by End User (Diagnostic Imaging Centers, Hospitals and Others), and by Geography (U.S., Canada, Germany, U.K., France, China, Japan, India, and Rest of the World)

Industry Overview

The global diagnostic imaging market was valued at USD 26.6 billion in 2022 and is projected to reach USD 38.8 billion by 2030, having a CAGR of 6.1% during the forecast period 2022-2030. Diagnostic imaging is a procedure to generate an image of internal and external body parts for clinical purpose. It has its application in several medical fields such as neurology, cardiology, orthopedics, and oncology. The global diagnostic imaging market is growing at a significant rate, due to mounting occurrence of chronic diseases and boosting number of diagnostic centers. Different product contributed to the diagnostic imaging market size. The market has witnessed a high demand for x-ray imaging systems in the coming years due to the mounting demand for mobile x-ray system, expanding the geriatric population and mounting occurrence of diseases and injuries.

Market Segmentation

Insight by Product

On the basis of product, the diagnostic imaging market is subdivided computed tomography (CT) scanners, x-ray imaging systems, ultrasound imaging systems, nuclear imaging systems, and magnetic resonance imaging (MRI). Of all products, x-ray imaging systems segment accounted the largest share in the market, due to mounting demand for mobile x-ray system, painless and non-invasive procedure, less costly as compared to other modalities expanding the geriatric population and mounting occurrence of diseases and injuries.

The CT scanners market is further subdivided into mid-slice, high-slice, and low-slice. The nuclear imaging system market is further subdivided into Spect systems and hybrid Pet systems. In addition, the x-ray imaging systems market is further subdivided on the basis of technology into digital, and analog. Moreover, the x-ray imaging market is further subdivided on the basis of portability into portable and stationary. The portable x-ray imaging segment is expected to grow at the fastest rate in the x-ray imaging system market.

The ultrasound imaging system market is further subdivided on the basis of technology into 3D and 4D imaging system, 2D imaging system, and Doppler imaging. In addition, the ultrasound imaging market is further subdivided on the basis of portability into trolley based ultrasound system and compact ultrasound system. The MRI market is further subdivided into architecture into open and closed MRI systems. In addition, the MRI market is further subdivided on the basis of field strength into low to midfield MRI, ultra-high MRI and high to very high MRI.

Insight by End User

The different end users of the market are diagnostic imaging centers, hospitals, and others. Mounting demand for diagnostic imaging procedures and escalating number of diagnostic centers are the factors growing the demand for diagnostic imaging centers. Among all end users, the diagnostic imaging centers are expected to grow at the fastest rate in the diagnostic imaging market.

Diagnostic Imaging Market Report Coverage

Industry Dynamics

Growth Drivers

Expanding geriatric population, escalating funds, grants, and investments by government bodies for modernization imaging facilities, mounting demand for the diagnostic imaging procedure, technological developments in diagnostic imaging modalities, escalating alertness of early diagnosis of clinical disorders, and mounting inclination for minimally invasive treatment are the primary growth drivers for diagnostic imaging market.

In addition, boosting investment from public-private organizations, refining healthcare infrastructure, mounting occurrence of chronic diseases and boosting the number of diagnostic centers are also facilitating the growth for the diagnostic imaging market. For instance, according to GLOBOCAN globally, approximately 14.1 million new cancer cases were diagnosed and there were 8.2 million cancer deaths in 2012. In addition, according to the World Health Organization (WHO), globally in 2015 approximately 8.8 million people died due to cancer. Moreover, approximately 70% of the deaths from cancer occur in low and middle-income countries.

Challenges

Mounting implementation of refurbished diagnostic imaging systems, lack of skilled professionals, elevated price of diagnostic imaging systems, disapproving healthcare reforms in the U.S., and technological restrictions associated with standalone systems are the major challenges for the growth of diagnostic imaging market.

Industry Ecosystem

Globally, the manufacturing companies trying to enter the diagnostic imaging market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.

Geographic Overview

Geographically, North America is the largest diagnostic imaging market as in the region the occurrence of chronic diseases is increasing. For instance, according to GLOBOCAN in the U.S., approximately 1.6 million new cancer cases were diagnosed and there were 0.6 million cancer deaths in 2012. Expanding geriatric population, technological developments in diagnostic imaging modalities and mounting inclination for minimally invasive treatment are also up surging growth of the North American diagnostic imaging market.

Asia-Pacific is observed to witness the fastest growth in the market, due to mounting occurrence of chronic diseases. In addition, expanding the geriatric population, mounting medical tourism, improving healthcare infrastructure and mounting healthcare expenditure are also creating a positive impact on the diagnostic imaging market growth in the region.

Competitive Insight

Key players in the diagnostic imaging market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In February 2016, Carestream introduced digital X-ray technology that delivers rapid access to diagnostic images. Carestream’s Cone Beam CT System helps physicians to assess players’ injuries during the matches.

It is specially designed for orthopaedic imaging. GE Healthcare, Hitachi Ltd., Siemens AG, Samsung Medison, Carestream Health, Koninklijke Philips N.V., Esaote S.P.A, Shimadzu Corporation, Toshiba Corporation, and Fujifilm Holdings Corporation are the key players offering diagnostic imaging.

The Diagnostic Imaging Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2022–2030.

Segments Covered in the Report

• By Product Type
  • Computed Tomography Scanners
  • X-Ray Imaging Systems
  • Ultrasound Imaging Systems
  • Magnetic Resonance Imaging
  • Nuclear Imaging Systems
• By End-User
  • Diagnostic Imaging Centers
  • Hospitals
  • Others

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

Source: VynZ Research

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Product
                1.2.2.    By End User                                
                1.2.3.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Product
                5.1.1.    Computed Tomography Scanners
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2030  
                5.1.2.    X-Ray Imaging Systems
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2030
                5.1.3.    Ultrasound Imaging Systems
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2030  
                5.1.4.    Magnetic Resonance Imaging
                        5.1.4.1. Market Definition
                        5.1.4.2. Market Estimation and Forecast to 2030
                5.1.5.    Nuclear Imaging Systems
                        5.1.5.1. Market Definition
                        5.1.5.2. Market Estimation and Forecast to 2030        
        5.2.    By End User
                5.2.1.    Diagnostic Imaging Centers
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.    Hospitals
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2030
                5.2.3.    Others
                        5.2.3.1. Market Definition
                        5.2.3.2. Market Estimation and Forecast to 2030                        
        
6.    North America Market Estimate and Forecast

        6.1.    By Product
        6.2.    By End User                
        6.3.    By Country
                6.3.1.    U.S. Market Estimate and Forecast
                6.3.2.    Canada Market Estimate and Forecast
                6.3.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Product
        7.2.    By End User                
        7.3.    By Country
                7.3.1.    Germany Market Estimate and Forecast
                7.3.2.    France Market Estimate and Forecast
                7.3.3.    U.K. Market Estimate and Forecast
                7.3.4.    Italy Market Estimate and Forecast
                7.3.5.    Spain Market Estimate and Forecast
                7.3.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Product
        8.2.    By End User                
        8.3.    By Country
                8.3.1.    China Market Estimate and Forecast
                8.3.2.    Japan Market Estimate and Forecast
                8.3.3.    India Market Estimate and Forecast
                8.3.4.    South Korea Market Estimate and Forecast
                8.3.5.    Singapore Market Estimate and Forecast
                8.3.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Product
        9.2.    By End User                 
        9.3.    By Country
                9.3.1.    Brazil Market Estimate and Forecast
                9.3.2.    Saudi Arabia Market Estimate and Forecast
                9.3.3.    South Africa Market Estimate and Forecast
                9.3.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    GE Healthcare
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Hitachi Ltd.
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Siemens AG
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Samsung Medison
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Carestream Health
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Koninklijke Philips N.V.
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Esaote S.P.A
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Shimadzu Corporation
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Toshiba Corporation
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.   Fujifilm Holdings Corporation
                10.10.1.    Snapshot
                10.10.2.    Overview
                10.10.3.    Offerings
                10.10.4.    Financial Insight
                10.10.5.    Recent Developments                

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Diagnostic Imaging Market, By Product, 2018 - 2021 (USD Billion)
Table 5 Global Diagnostic Imaging Market, By Product, 2022 - 2030 (USD Billion)
Table 6 Global Diagnostic Imaging Market, By End User, 2018 - 2021 (USD Billion)
Table 7 Global Diagnostic Imaging Market, By End User, 2022 - 2030 (USD Billion)
Table 8 Global Diagnostic Imaging Market, by Region, 2018 - 2021 (USD Billion)
Table 9 Global Diagnostic Imaging Market, by Region, 2022 - 2030 (USD Billion)
Table 10 North America Diagnostic Imaging Market, By Product, 2018 - 2021 (USD Billion)
Table 11 North America Diagnostic Imaging Market, By Product, 2022 - 2030 (USD Billion)
Table 12 North America Diagnostic Imaging Market, By End User, 2018 - 2021 (USD Billion)
Table 13 North America Diagnostic Imaging Market, By End User, 2022 - 2030 (USD Billion)
Table 14 North America Diagnostic Imaging Market, by Region, 2018 - 2021 (USD Billion)
Table 15 North America Diagnostic Imaging Market, by Region, 2022 - 2030 (USD Billion)
Table 16 Europe Diagnostic Imaging Market, By Product, 2018 - 2021 (USD Billion)
Table 17 Europe Diagnostic Imaging Market, By Product, 2022 - 2030 (USD Billion)
Table 18 Europe Diagnostic Imaging Market, By End User, 2018 - 2021 (USD Billion)
Table 19 Europe Diagnostic Imaging Market, By End User, 2022 - 2030 (USD Billion)
Table 20 Europe Diagnostic Imaging Market, by Region, 2018 - 2021 (USD Billion)
Table 21 Europe Diagnostic Imaging Market, by Region, 2022 - 2030 (USD Billion)
Table 22 Asia-Pacific Diagnostic Imaging Market, By Product, 2018 - 2021 (USD Billion)
Table 23 Asia-Pacific Diagnostic Imaging Market, By Product, 2022 - 2030 (USD Billion)
Table 24 Asia-Pacific Diagnostic Imaging Market, By End User, 2018 - 2021 (USD Billion)
Table 25 Asia-Pacific Diagnostic Imaging Market, By End User, 2022 - 2030 (USD Billion)
Table 26 Asia-Pacific Diagnostic Imaging Market, by Region, 2018 - 2021 (USD Billion)
Table 27 Asia-Pacific Diagnostic Imaging Market, by Region, 2022 - 2030 (USD Billion)
Table 28 RoW Diagnostic Imaging Market, By Product, 2018 - 2021 (USD Billion)
Table 29 RoW Diagnostic Imaging Market, By Product, 2022 - 2030 (USD Billion)
Table 30 RoW Diagnostic Imaging Market, By End User, 2018 - 2021 (USD Billion)
Table 31 RoW Diagnostic Imaging Market, By End User, 2022 - 2030 (USD Billion)
Table 32 RoW Diagnostic Imaging Market, by Region, 2018 - 2021 (USD Billion)
Table 33 RoW Diagnostic Imaging Market, by Region, 2022 - 2030 (USD Billion)
Table 34 Snapshot – GE Healthcare
Table 35 Snapshot – Hitachi Ltd.
Table 36 Snapshot – Siemens AG
Table 37 Snapshot – Samsung Medison
Table 38 Snapshot – Carestream Health
Table 39 Snapshot – Koninklijke Philips N.V.
Table 40 Snapshot – Esaote S.P.A
Table 41 Snapshot – Shimadzu Corporation
Table 42 Snapshot – Toshiba Corporation
Table 43 Snapshot – Fujifilm Holdings Corporation 

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Diagnostic Imaging Market  - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Diagnostic Imaging Market Highlight
Figure 12 Global Diagnostic Imaging Market, By Product, 2018 - 2030 (USD Billion)
Figure 13 Global Diagnostic Imaging Market, By End User, 2018 - 2030 (USD Billion)
Figure 14 Global Diagnostic Imaging Market, by Region, 2018 - 2030 (USD Billion)
Figure 15 North America Diagnostic Imaging Market Highlight
Figure 16 North America Diagnostic Imaging Market, By Product, 2018 - 2030 (USD Billion)
Figure 17 North America Diagnostic Imaging Market, By End User, 2018 - 2030 (USD Billion)
Figure 18 North America Diagnostic Imaging Market, by Region, 2018 - 2030 (USD Billion)
Figure 19 Europe Diagnostic Imaging Market Highlight
Figure 20 Europe Diagnostic Imaging Market, By Product, 2018 - 2030 (USD Billion)
Figure 21 Europe Diagnostic Imaging Market, By End User, 2018 - 2030 (USD Billion)
Figure 22 Europe Diagnostic Imaging Market, by Region, 2018 - 2030 (USD Billion)
Figure 23 Asia-Pacific Diagnostic Imaging Market Highlight
Figure 24 Asia-Pacific Diagnostic Imaging Market, By Product, 2018 - 2030 (USD Billion)
Figure 25 Asia-Pacific Diagnostic Imaging Market, By End User, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific Diagnostic Imaging Market, by Region, 2018 - 2030 (USD Billion)
Figure 27 RoW Diagnostic Imaging Market Highlight
Figure 28 RoW Diagnostic Imaging Market, By Product, 2018 - 2030 (USD Billion)
Figure 29 RoW Diagnostic Imaging Market, By End User, 2018 - 2030 (USD Billion)
Figure 30 RoW Diagnostic Imaging Market, by Region, 2018 - 2030 (USD Billion)