According to a new market report published by Lucintel, the future of the global diagnostic imaging market looks good with opportunities in hospitals and imaging centers. The global diagnostic imaging market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $33.1 billion by 2025 with a CAGR of 1% to 2% from 2020 to 2025 . The major drivers for market growth are increasing healthcare expenditures, rising public awareness associated with early diagnosis of disease, technological advancement in imaging procedures, and a growing geriatric population.
Browse 58 market data tables and 74 figures spread through 152 pages and in-depth TOC on “Global Diagnostic Imaging Market"
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In this market, the main segments by product type are x-ray systems, ultrasound systems, MRI systems, and CT scan systems. On the basis of comprehensive research, Lucintel forecasts that the x-ray system segment is expected to show above average growth during the forecast period. The rapidly increasing technological advancements in imaging systems are expected to drive market growth.
Within the global diagnostic imaging market, the x-ray system segment is expected to remain the largest segment. Ease of diagnostic procedure, need for improved diagnosis for aging population, and rising public awareness associated with early disease detection are the major driving forces that will spur growth for this segment over the forecast period.
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By end use, private hospitals and imaging centers are expected to remain the largest segment over the forecast period due to increase in investments for modernization of imaging facilities and improved service capabilities in private hospitals and imaging centers.
Asia Pacific is expected to remain the largest market and is expected to witness the highest growth rate during the forecast period due to an increasing number of hospitals, an increasing number of patients, and the continued technological advancements in imaging systems.
For business expansion, Lucintel’s report suggests innovation and new product development which have high imaging quality which offers quick and accurate diagnosis.
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Emerging trends which have a direct impact on the dynamics of the industry include the increasing use of technically advanced diagnostic imaging systems, manufacturing portable diagnostic imaging systems for improved diagnosis procedures, and clear resolution for imaging with accuracy. Siemens Healthcare GmBH, General Electric Company, and Koninklijke Philips N.V. are among the major suppliers of diagnostic imaging systems.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global diagnostic imaging market by product, end use, and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Diagnostic Imaging Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a springboard for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions.
The study includes a forecast for the global diagnostic imaging market through 2025 segmented by product, end use, and region, as follows:
Diagnostic imaging market by Product [Value ($ Million) from 2014 to 2025]:
X-ray Systems
By Technology
Computed Radiography
Direct Radiography
Analog Imaging
By Portability
Stationary Devices
Portable Devices
Computed Tomography (CT) Scan Systems
High-end Slice
Mid-end Slice
Low-end Slice
Magnetic Resonance Imaging (MRI) Systems
Closed MRI Devices
Open MRI Devices
By Field Strength
Low-to-mid-field Systems
High-field Systems
Very-high-field Systems
Ultra-high-field Systems
Ultrasound Systems
By Technology
2D Imaging
3D and 4D Imaging
Doppler Imaging
By Portability
Trolley/Cart-based Devices
Compact/Portable Devices
Mammography System
Digital Imaging
Analogy Imaging
Nuclear Imaging Systems
SPECT (Single-photon Emission Computed Tomography) Nuclear Imaging
Hybrid PET (Photon Emission Tomography) Nuclear Imaging
Diagnostic imaging market by End Use [Value ($ Million) from 2014 to 2025]:
Public Hospitals
Private Hospitals and Imaging Centers
Diagnostic imaging market by Region [Value ($ Million) from 2014 to 2025]:
North America
Europe
APAC
ROW
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This 152-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/diagnostic_imaging_market_2017_2025.aspx or helpdesk@lucintel.com.
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