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–Forecast to 2025
IQ4I Research & Consultancy published a new report on “Diagnostic Imaging Devices
Global Market – Forecast To 2025” This report analyzes and studies the overall market,
major Drivers & Opportunities, Restraints & Threats in North America, Europe, Asia-Pacific
and Rest of the World.
IQ4I’s Report Contains 181 market data tables and 114 figures spread through 533
pages and an exhaustive TOC on “Diagnostic Imaging Devices Global Market”,
[Diagnostic Imaging Products {Computed Tomography Scanners (Stationary CT, Portable
CT), Nuclear Imaging Equipment (SPECT, PET), Magnetic Resonance Imaging Systems
(Open , Closed MRI system), Ultrasound Scanners (Trolley/Cart Based, Compact/Portable),
X-ray Devices (Stationary X-ray Devices, Portable X-ray Devices), Mammography and
Others}, Technology {Computed Tomography Scanners (Low, Medium, High slice CT
scanners), Nuclear Imaging Equipment (SPECT, PET), Magnetic Resonance Imaging Systems
(Low, High, Very high field MRI), Ultrasound Scanners (2D, 3D, 4D, Doppler), X-ray Devices
(Digital, Computed, Analog Radiography), Mammography and Others}, Application
(Cardiovascular, Cancer, Neurology, Abdominal, Orthopedic, Pulmonary, Gynecology,
Dental, Others), End-Users (Hospitals, Private Diagnostic Laboratories, Research
Laboratories), Region (North America, Europe, Asia-Pacific and Rest of the World)]
The global diagnostic imaging market is expected to grow at a single digit CAGR to reach
$46,481.7 million by 2025. There are many factors involved in driving the growth of the
diagnostic imaging market such as increasing life threatening diseases such as cancer,
cardiovascular, neurological disorders and others requiring early and accurate diagnosis,
growing research activities across globe and establishment of private diagnostic centres
offering diagnostic imaging services. However, high cost and maintenance of devices, the
risk of the radiation exposure, lack of skilled personnel, shortage of technetium 99m for
–Forecast to 2025
SPECT systems and helium for MRI systems, reimbursement cuts and stringent regulatory
guidelines are some of the factors hampering the diagnostic imaging devices market.
The diagnostic imaging devices global market by products is segmented into X-ray systems,
Computed Tomography (CT) Scanners, Magnetic Resonance Imaging (MRI) systems,
Ultrasound systems, Nuclear imaging systems and Mammography and other systems.
Among the products, X-ray devices hold the highest share in 2018 and expected to grow at a
mid single digit CAGR from 2018 to 2025 due to emergence of advanced technologies and
primarily due to its applications which includes usage in accidents, trauma, common
applications, orthopaedics and others. Among the products with respect to fastest growing
segment, mammography and others held the high single digit CAGR from 2018 to 2025.
Among the various diagnostic imaging related application, cancer segment holds the highest
share in 2018 and expected to grow at a high single digit CAGR from 2018 to 2025 due to
rise in cancer incidence, urge for the advanced imaging modalities for early diagnosis of
lung, liver, throat and other cancers, rising incidence in breast cancer detection and
treatment by the patients which are driving the market growth.
Among the various diagnostic imaging related end-users, hospitals segment holds the
highest share in 2018 and expected to grow at a mid single digit CAGR from 2018 to 2025
due to increasing in infrastructure of the hospital setup, government fund allocation, increase
in the number of installed units of diagnostic imaging modalities, Improved patient safety and
clinical outcomes and reducing diagnosis error drives the end users market. The private
diagnostic centres segment is expected to grow with a mid single digit CAGR from 2018 to
2025.
The diagnostic imaging devices global market based on geography is divided into North
America, Europe, Asia-Pacific and Rest of the world. North American region commanded the
largest revenue in 2018 and expected to grow at a mid single digit CAGR from 2018 to 2025.
Increasing growth in aging population with life threatening diseases and significant increase
in diagnostic centers in U.S. has led the market growth in this region. However, Asia-Pacific
is expected to grow at a high single digit CAGR from 2018 to 2025, owing to the rapidly
increasing aging population and rise in healthcare awareness in the emerging countries,
such as India and China.
–Forecast to 2025
more success rates, lower risk of complications and lesser turnaround time. For instance,
Clarius Mobile Health introduced new advanced features for its C3 and L7 wireless that
provides quick scans of heart, abdomen and lungs. These handheld ultrasound scanners
sends wireless data to most iOS or android smart devices and gives clinicians the availability
to perform quick scans anywhere providing efficient and accurate diagnosis. Also there is an
increase in innovation with respect to the PET/CT, SPECT/CT, PET/MRI hybrid imaging
systems, shift from stationary to portable CT systems, availability of high resolution and high
slice CT systems and imaging devices with low dose of radiations.
The dominant players are using new product launches, approvals, agreements and
partnerships as their core strategy to strengthen their position in the market. For instance, in
May 2018 Siemens Healthineers and ScreenPoint Medical entered into partnership to
develop artificial intelligence based applications for breast imaging. With this partnership the
precision medicine is expanded by providing automated clinical decision support that makes
it easier and faster to distinguish between healthy and tumor tissue, thus increasing
diagnostic accuracy.
The diagnostic imaging devices global market is a consolidated with top five players
occupying majority of the market share. The existing players in this market are involved in
developing new advanced products and getting approvals to maintain their market shares.
For instance, in March 2018 Hologic, Inc. received FDA approval for Clarity HD high-
–Forecast to 2025
Major players in the diagnostic imaging devices global market are Carestream Health, Inc.
(U.S.), GE Healthcare (U.S.), Siemens Healthcare (Germany), Philips N.V (Netherlands),
Hitachi Medical Corporation (Japan), Hologic, Inc. (U.S.), Shimadzu Corporation (Japan),
Canon Medical Systems Corporation (Japan), Fujifilm Holdings Corporation (Japan) and
Shenzhen Mindray Bio-Medical Electronics (China).
Dx Ray Inc., (U.S ), Fonar Corporation (U.S), Aurora Imaging Technologies (U.S), Fujikin
Incorporated (Japan), Ultraview Ltd (Israel), BioMediCom (Israel), Rimimed (Israel), Konica
Minolta (Japan), ViewSend ICT Co., Ltd (Japan), Esaote (Italy), Analogic Corporation (U.S.)
are some of the emerging players in the diagnostic imaging devices market.
–Forecast to 2025
–Forecast to 2025
FIGURE 1
CT CT Cardiovascular Hospitals
Diagnostic
Cancer
NI NI Labs
Research
Neurology
MRI MRI Labs
Abdominal
Ultrasound Ultrasound
Orthopedic
X-Ray X-Ray
Pulmonary
Mammography Mammography
and Others and Others Gynecology
Dental
Others
Source: International Society for Computed Tomography, National Institute of Biomedical Imaging and
Bioengineering, International Society of Magnetic Resonance (ISMAR), Society of Radiologists in Ultrasound
(SRU), American Board of Radiology (ABR), Society of Breast Imaging (SBI), Other Country Associations and
Groups, Industrial Experts and IQ4I Analysis.