Diagnostic Imaging Market Size and Share 2021 by Industry Impact, Sales Revenue, Future Demands, Growth Factors and Drivers, Emerging Trends, Competitive Landscape and Forecast to 2030

In a recently published report, Diagnostic Imaging Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Diagnostic Imaging Market products.

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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.

Global Diagnostic Imaging Market is valued approximately at USD 31.3 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 5.5% over the forecast period 2019-2026. Diagnostic Imaging is a technique which is used to conduct an extensive range of non-invasive imaging tests for monitoring and diagnosing injuries or diseases by the way of generating images that represent internal organs and structures in the patient’s body. Healthcare practitioners are widely using this imaging technology to examine patients and make a diagnosis of their exact medical conditions. Rising demand for early disease diagnosis and expanding scope of clinical applications, increasing investments and funding by public-private organizations, constantly growing geriatric population and the subsequent increase in the prevalence of associated diseases such as cancer and gastrointestinal issues are the few factor responsible for high CAGR of the market over the forecast period.

For instance, In 2018, it was estimated that there were 17.0 million new cancer cases and 9.5 million cancer deaths worldwide. The global burden of cancer is expected to grow to 27.5 million new cancer cases and 16.3 million cancer deaths by 2040 due to the growth and aging of the population, according to the International Agency for Research on Cancer (IARC). Thus, rising prevalence of cancer is resulting in surging the demand for diagnostic imaging around the world. Moreover, technological advancements in the diagnostic imaging industry along with increasing adoption of teleradiology are the major factor likely to offer lucrative growth opportunity to the market in the upcoming years. However, high cost of diagnostic imaging systems, shortage of helium availability and technological limitations associated with standalone systems are few factor anticipated to restraining the growth of global Diagnostic Imaging market during the forecast period.

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The regional analysis of global Diagnostic Imaging Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising number of diagnostic centers, growing awareness about preventive care, rising prevalence of cancer & cardiac diseases and technological advancement in imaging technology in the region, which create demand for Diagnostic Imaging. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing prevalence of chronic disorders, expanding healthcare infrastructure, escalating investments in diagnostic imaging and enhancing reimbursement scenario that would create lucrative growth opportunities for the Diagnostic Imaging market across Asia-Pacific region.

Major market player included in this report are:
GE Healthcare
Koninklijke Philips N.V.
Hologic, Inc.
Siemens Healthcare GmbH
Fujifilm Holdings Corporation
Shimadzu Corporation
Carestream Health, Inc.,
Hitachi, Ltd.
Canon Inc.
Samsung Electronics Co., Ltd.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
MRI Systems
Ultrasound Imaging Systems
CT Scanners
Nuclear Imaging Systems
X-Ray Imaging Systems

By Application:
Cardiology
Gynaecology
Orthopaedics and Musculoskeletal
Radiology
Neurology and Spine
General Imaging

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By End-User:
Hospital
Diagnostic Center

By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

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