Diagnostic Imaging Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

  • Single User License $3500

Diagnostic Imaging Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : October, 2020 | Medical Devices | PPT format

Report Digest


Diagnostic Imaging Market: Snapshot

Diagnostic imaging alludes to the utilization of various imaging modalities to get visual portrayals of the inside of a body for diagnostic and helpful purposes. The restorative imaging incorporates distinctive sorts of modalities that are utilized to picture the human body for finding and treatment of an assortment of sicknesses, and subsequently assumes an imperative part in enhancing wellbeing. The medicinal imaging industry has been upset from bed-side observing towards top of the line advanced examining.

Innovative headways in diagnostic imaging gadgets, rising frequencies of ceaseless ailments combined with the quickly maturing populace, increment in number of restorative imaging systems, and rising mindfulness for early analysis of clinical issue are the key factors that are relied upon to help the market development.

The predominance of constant sicknesses relating to respiratory, mind, and cardiovascular conditions is expanding. The expanding geriatric populace alongside the stationary way of life is further encouraging the frequency of these incessant maladies. Likewise, headway in the medicinal and diagnostic imaging gadgets have upgraded the finding and treatment of ailments, for example, cardiovascular and disease, and are additionally anticipated that would bolster advertise development. In light of information distributed by the Carestream, four developments, for example, quickening handling speed, growing the parameters of 3D and 4D, capturing imagery at the perfect place at the correct time, and robotizing work process are normal for the medicinal imaging items in 2017.

Global Diagnostic Imaging Market: Overview 

Diagnostic imaging refers to techniques that allow physicians to look inside our body for clues pertaining to a medical condition. Various techniques and machines enable the imaging of activities, structures, and abnormalities inside our bodies. Some of these are computed tomography (CT) scans, ultrasound, x-rays, MRI scans, and nuclear medicine scans. By application, spine, neurology, gynecology, breast health, general imaging, thoracic, cardiovascular, and orthopedics can be some of the key segments of the global market for diagnostic imaging. Whereas, hospitals, diagnostic imaging centers, research and academic centers, biotechnology and pharmaceutical companies, and Contract Research Organizations (CROs) can be the chief end-use segments. 

Global Diagnostic Imaging Market: Key Trends 

The increasing incidence of diseases on a global scale, growing geriatric population, and technological advancement in the area of diagnostic imaging techniques are driving the market. Several government and private organizations are aiding the expansion of the global market for diagnostic imaging via vast investments directed at the development of new products. Among the diagnostic imaging methods, the x-ray based examinations are likely to exhibit maximum growth, contributing towards overall market growth. 

On the other hand, exposure to radiation involved in some techniques might increase the risk of cancer among patients, restricting the growth of the global market. Nevertheless, significant opportunities arising from the development of new products will help the market overcome the negative impact of this restraint. 

Global Diagnostic Imaging Market: Market Potential 

A number of market players are developing innovative devices aimed at offering more precise and faster diagnosis. As a result, several hospitals and clinics have been offering diagnostic imaging services. For instance, in March 2017, Sequoia Hospital started offering 128-sliced CT scans for accurate diagnosis of medical conditions. This new 3D technology ensures that patients will be exposed to minimal radiation, offering high image quality and faster results at the same time. 

Another example is the unveiling of a new center by Delhi-based Mahajan Imaging, an India-based diagnostic center, at Gurugram (previously Gurgaon), in the state of Haryana. The center aims at providing latest diagnostic imaging equipment and services to the residents, with an emphasis on spreading awareness about and offering treatments for women’s health issues. 

Global Diagnostic Imaging Market: Regional Outlook 

Based on geography, the major segments of the global diagnostic imaging market are Asia Pacific, North America, Europe, and the Rest of the World (RoW). North America is expected to emerge as the leading market for diagnostic imaging. The growth of this region can be attributed to the alarming increase in medical conditions such as cancer. 

Asia Pacific is expected to exhibit tremendous growth, with countries such as China, Japan, and India representing a major share of the regional market for diagnostic imaging.  The rising awareness about the availability and benefits of these tests, increasing prevalence of chronic disorders, growing healthcare expenditures, and favorable policies of the government are propelling the market for diagnostic imaging in this region. 

Global Diagnostic Imaging Market: Competitive Analysis

Mergers and acquisitions, partnerships, and collaborations are some of the major business strategies adopted by several leading market players. For example, MedyMatch Technology announced its collaboration with IBM Watson Health in March 2017. The key objective of this collaboration was to bring cognitive tools to imaging experts who work with hospital emergency rooms and other crucial settings for helping physicians diagnose intracranial bleeding resulting from stroke and head trauma. Similarly, during the same month, Minneapolis-based medical technology firm CorVascular Diagnostics, LLC announced its collaboration with Novarix, Inc. a manufacturer of medical devices used in intravenous therapy. 

Some of the major companies operating in the global market for diagnostic imaging are Toshiba Medical Systems Corporation, Siemens Healthcare GmBH, GE Healthcare, Koninklijke Philips N.V., Shimadzu Corporation, and Hitachi Ltd. 

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?