Global diagnostic imaging Market Insights, Size and Growth Forecast To 2027

 

The global diagnostic imaging market is expected to grow at a CAGR of 5.9% from 2020 to reach USD 36.0 billion by 2027. The growth is primarily attributed to increasing demand for early diagnosis, growing geriatric population, technological advancements, increase in clinical applications, prevalence of related diseases and increasing investments & funding in diagnostic imaging market. However, cost factor in developing countries and hospital cuts on budget may pose a significant challenge.

By Product: CT Scanners segment dominated diagnostics imaging market in 2020 
Diagnostic imaging market is segmented into X-rays imaging systems, CT scanners, ultrasound imaging systems, MRI systems, nuclear imaging systems and mammography systems on the basis of product. In this segmentation, CT scanners accounted for the largest share of diagnostics imaging market. The largest share of this segment is mainly due to growing demand for early and accurate diagnosis, high adoption of CT scanners by hospitals & other diagnostic centres and requirement of chest CT scans for the detection of COVID-19 during the pandemic. 

By Application: General radiography under X-ray accounted for largest market share
On the basis of application, general radiography under X-ray imaging system segment held largest share during the forecast period among all application segment. In 2020, largest share by application was accounted by cardiology under CT scanners, brain & neurological MRI under MRI systems, radiology/general imaging under ultrasound systems, general radiography under X-ray imaging systems and oncology under nuclear imaging systems. The growth of general radiography under X-ray is mainly attributed to increasing demand.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”


By End User: Diagnostics imaging market held largest market share in hospitals in end user segment
Based on end user segregation, hospitals accounted for largest market share in 2020. Factors such as increasing demand for advanced imaging facilities and integration of surgical suits with imaging technologies are responsible to drive the growth of this segment. Developing countries have also shown rise in number of new hospitals. 

By Region: APAC is the fastest growing regional market
In 2020, North America accounted for the largest share of diagnostic imaging market. The largest share of this regional segment is mainly due to rising associated diseases & geriatric population, high adoption & easy accessibility to diagnostic imaging, and technological advancements. On the other hand, APAC regional segment is expected to grow at a highest rate. High growth of this market is primarily due to rising incidence of chronic illness and high demand for advanced imaging devices. 

Competitive Scenario
  • GE Healthcare (US)
  • Siemens Healthineers (Germany)
  • Koninklijke Philips N.V. (Netherlands)
  • Canon Medical Systems Corporation (Japan)
  • FUJIFILM Holdings Corporation (Japan)
  • Hitachi Ltd. (Japan)
  • Carestream Health Inc. (US)
  • Esaote S.p.A (Italy)
  • Hologic Inc. (US)
  • Agfa-Gevaert N.V. (Belgium)
  • Samsung Electronics (South Korea)
  • Mindray Medical International (China)
  • Planmed Oy (Finland)
  • CurveBeam LLC (US)
  • Shimadzu Corporation (Japan)
  • Allengers Medical Systems (India)
  • Neusoft Medical Systems (China)
  • Konica Minolta Inc. (Japan)
  • NP JSC Amico (Russia)
  • Konica Minolta (Japan)
  • SternMed (Germany)
  • Allengers (India)
  • Neusoft Medical Systems (China)

Comments

Post a Comment

Popular posts from this blog

Global Agriculture Equipment Market Insights, Size and Growth Forecast To 2027

Image
  Global agricultural equipment market likely to driving due to growing population base across developing countries and rising government initiatives.  Global agricultural equipment market size valued at USD 132.64 billion in 2019 and expected to grow at a CAGR of over 7.12 % during the forecast period, 2020–2027.  It is primarily attributed to increasing mechanization across the globe and the growing adoption of advanced technologies in the agriculture industry. Moreover, the surge in disposable income around the world and growing demand for processed foods, packaged foods, high energy foods, and meats are projected to propel the growth of the global agricultural equipment industry. Additionally, the huge adoption of modern technologies by farmers to raise farm yield and meet the increasing demand for food across the globe will impact the robust growth of the agricultural equipment market. Furthermore, the high demand for agricultural products coupled with a surge in po...
Read more

Global Smart Office Furniture Market by Product Type, by Distribution Channel, and By Region

Image
  Global smart office furniture market expected to propel due to the surge in demand for the connectivity technologies based-office furniture for helping employees’ and improvement in organizations productivity.  The global smart office furniture market expected to grow over a CAGR of 18.37% during the forecast period, 2020-2027.   The growth can be attributed to the growing demand for the sensors embedded smart office furniture to analyze the activity log of employees by assessing and evaluating the active and inactive working hours of employees. Additionally, the growing applications of smart office furniture for helping health issues of employees at workstations such as capture the number of calories burnt and notify them with a sedentary alert in case the user sits for prolonged sitting hours without any physical activity. These factors projected to drive the growth of the global smart office furniture market size in the analysis period. Further, the shifting tr...
Read more

Global Artificial Meat Market Insights, Size and Growth Forecast To 2027

Image
  Global Artificial Meat Market will influence by increasing demand for alternative protein-rich food products and the rising consumption for cultured meat.  The global Artificial Meat market predicted to grow with a noteworthy rate during the forecast period 2019-2027 , owing to a surge in income levels across developing countries, reduction in land for much-needed crops, and stability for climate change. The global lab-grown meat or artificial meat market will bolster by the growth in demand for credible alternatives to traditional meat and a significant reduction in greenhouse gases, land use, and water use. The artificial meat is also known as lab-grown meat, cultured meat, vitro meat, and synthetic meat. Additionally, these lab-made meats are cell-based and produce less carbon dioxide and will help to fight anti-microbial resistance and food adulteration. Moreover, the augmentation in demand for artificial meat in developing countries for prepared food & frozen meats...
Read more