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

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

Status : May, 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. 

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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