Global Market Study on Diagnostic Imaging Devices: Asia-Pacific to Witness Highest Growth by 2020


  • Published On : Feb-2015 |
  • Pages : 114 Pages |
  • Format :

Diagnostic imaging equipment is primarily used for imaging the human body with the help of various imaging technologies. These devices are used to monitor, diagnose, screen, and treat various medical conditions for effective medical intervention. It has also improved the ability of doctors to treat, diagnose, and detect an injury or disease precisely at an initial stage. In addition, these devices are used to provide information associated with a specific area of the body to be treated or studied. Various advancements in imaging techniques in the field of modern medicine have facilitated the acquisition of information related to the human body for clinical interventions. In addition, advancement in imaging provides practitioners with new tools to improve care in innovative ways. Similarly, widening application of imaging technology led to wide availability of high-tech imaging forms such as computed tomography angiography (CTA), single positron emission computed tomography (SPECT), magnetic resonance angiography (MRA), imaging tests, and magnetic resonance spectroscopy.

North America dominates the global market for diagnostic imaging devices due to rising prevalence of chronic diseases and injuries, and rise with the geriatric population in the region. Asia-Pacific is expected to show high growth rates in the next five years in global diagnostic imaging devices market, with China and India being the fastest growing markets in the Asia-Pacific region. The key driving forces for the diagnostic imaging devices market in developing countries are the large pool of patients, increasing awareness about the disease, improving healthcare infrastructure and rising government funding in the region. 

Growing geriatric population, increasing prevalence of chronic diseases and injuries, rising awareness about benefits of early diagnosis of diseases among individuals, technological advancement and widening application of diagnostic imaging devices and increasing funding from government bodies are fuelling the growth of the market. On the other hand, heightened risk of cancer owing to exposure to radiation, shortage of helium for magnetic resonance imaging systems and strict regulatory requirements are major concerns for the market.

This report provides in-depth analysis and estimation of the diagnostic imaging devices market for the period 2014 to 2020, considering 2013 as the base year for calculation. In addition, data pertaining to current market dynamics, including market drivers, restraints, trends, and recent developments, has been provided in the report. 

The diagnostic imaging devices market is categorized on the basis of the type of diagnostic imaging devices, and geography. Based on the type of diagnostic imaging devices, the market comprises of x-rays, ultrasound system, magnetic resonance imaging (MRI), computed tomography (CT) scanner, nuclear imaging system and others. X-ray diagnostic imaging devices and ultrasound systems are further segmented on the basis of technology and portability. In addition, magnetic resonance imaging devices are further segmented on the basis of architecture. Similarly, computed tomography scanners are further on the type of slice. On the basis of geography, the report identifies and analyses the market size and predictions for North America, Europe, Asia and Rest of the World (RoW). North America is further segmented into the U.S. and Canada. Similarly, Europe is further segmented into Germany, France, U.K. and Italy. Asia-Pacific is further segmented into Japan, China and India. 

Globally, the diagnostic imaging devices market is witnessing significant growth due to increasing prevalence of chronic diseases and injuries, and growing aging population. In addition, increasing funding from government bodies, rising initiatives undertaken by government associations to boost awareness, technological advancement and widening application of diagnostic imaging devices are also fueling the growth of the market. However, strict regulatory requirements and heightened risk of cancer owing to exposure to radiation restrain the growth of the global diagnostic imaging devices market.

The global diagnostic imaging devices market is anticipated to grow from an estimated USD 26,477.1 million in 2014 to USD 35,793.4 million in 2020 at a CAGR of 5.2% during the forecast period.

North America is the largest market for diagnostic imaging devices while X-rays are the most popular type of diagnostic imaging devices. In terms of growth, Asia is the fastest growing region; while nuclear imaging and computed tomography scanners make for the fastest growing type of diagnostic imaging devices.

Ultrasound is a widely used imaging modality used for diagnosis, staging various diseases and to study internal body structures such as soft tissues and internal organs. The global ultrasound diagnostic imaging devices market was expected to grow from an estimated USD 6,146.7 million in 2014 to USD 8,363.4 million in 2020 at a CAGR of 5.3% during the forecast period.

Some of the major players in the diagnostic imaging devices market:

  • Siemens Healthcare.
  • Hitachi, Ltd.
  • Carestream Health, Inc.
  • Samsung Electronics Co., Ltd.
  • Toshiba Corporation.
  • Koninklijke Philips N.V.
  • General Electric Company.
  • Other.

These key market players have been profiled on the basis of attributes such as company overview, recent developments, growth strategies, sustainability, and financial overview.

Chapter 1 Preface

1.1 Report Description

1.2 Research Methodology

1.3 Assumptions 

Chapter 2 Market Synopsis

Chapter 3 Porter’s Five Forces Analysis

3.1 Bargaining Power of Suppliers

3.2 Bargaining Power of Buyers

3.3 Threat of New Entrants

3.4 Threat of Substitutes

3.5 Intensity of Rivalry

Chapter 4 Industry Overview

4.1 Market Definition

4.2 Market Drivers

     4.2.1 Growing geriatric population 

     4.2.2 Increasing prevalence of chronic diseases and injuries 

     4.2.3 Growing awareness about the benefits of early diagnosis of diseases among individuals

     4.2.4 Technological advancements and widening application of diagnostic imaging devices

     4.2.5 Increasing funding from government bodies

4.3 Impact analysis of Market Drivers

4.4 Market Restraints

     4.4.1 Heightened risk of cancer owing to exposure to radiation

     4.4.2 Shortage of helium for magnetic resonance imaging (MRI) systems

     4.4.3 Strict regulatory requirements

4.5 Impact Analysis of Market Restraints

4.6 Market Trends

     4.6.1 Growing product innovation

     4.6.2 Rising number of collaborations and partnerships

Chapter 5 Global Market Size and Forecast

Chapter 6 Market Size and Forecast by X-rays

6.1 X-rays

     6.1.1 By technology

     6.1.2 By portability 

Chapter 7 Market Size and Forecast by Ultrasound

7.1 Ultrasound systems

     7.1.1 By technology 

     7.1.2 By portability 

Chapter 8 Market Size and Forecast by Computed Tomography

8.1 Computerized tomography (CT) scanner

     8.1.1 By type of slice

Chapter 9 Market Size and Forecast by Magnetic Resonance imaging

9.1 Magnetic resonance imaging (MRI)

     9.1.1 By architecture

Chapter 10 Market Size and Forecast by Nuclear Imaging

10.1 Nuclear imaging system

     10.1.1 By type

Chapter 11 Market Size and Forecast by Geography

11.1 North America

      11.1.1 The U.S.

     11.1.2 Canada 

11.2 Europe 

     11.2.1 Germany 

     11.2.2 France 

     11.2.3 The U.K.

11.3 Asia-Pacific

     11.3.1 Japan 

     11.3.2 China

     11.3.3 India

Chapter 12 Competitive Scenario 

12.1 Competitive Benchmarking

     12.2 Company Share Analysis 

Chapter 13 Company Profiles

13.1 General Electric Company 

     13.1.1 Company overview 

     13.1.2 Products and services

     13.1.3 Financial performance 

     13.1.4 Key developments

13.2 Siemens Healthcare

     13.2.1 Company overview 

     13.2.2 Products and services

     13.2.3 Financial performance

     13.2.4 Key developments 

13.3 Shimadzu Corporation 

     13.3.1 Company overview

     13.3.2 Products and services

     13.3.3 Financial performance

     13.3.4 Key developments 

13.4 Hologic, Inc.

     13.4.1 Company overview

     13.4.2 Products and services 

     13.4.3 Financial performance 

     13.4.4 Key developments

13.5 Hitachi, Ltd. 

     13.5.1 Company overview 

     13.5.2 Products and services 

     13.5.3 Financial performance 

     13.5.4 Key developments 

13.6 Carestream Health, Inc. 

     13.6.1 Company overview 

     13.6.2 Products and services 

     13.6.3 Financial performance 

     13.6.4 Key developments 

13.7 FUJIFILM Holdings Corporation 

     13.7.1 Company overview

     13.7.2 Products and services

     13.7.3 Financial performance

     13.7.4 Key developments

13.8 Toshiba Corporation

     13.8.1 Company overview 

     13.8.2 Products and services 

     13.8.3 Financial performance

     13.8.4 Key developments

13.9 Samsung Electronics Co., Ltd.

     13.9.1 Company overview

     13.9.2 Products and services

     13.9.3 Financial performance

     13.9.4 Key developments

13.10 Koninklijke Philips N.V.

     13.10.1 Company overview

     13.10.2 Products and services 

     13.10.3 Financial performance

     13.10.4 Key developments


List of Tables

TABLE 1 Market snapshot: Diagnostic imaging devices market, 2014 and 2020

TABLE 2 Drivers for diagnostic imaging devices market: Impact analysis

TABLE 3 Restraints for global diagnostic imaging devices market: Impact analysis

TABLE 4 Some of the products launched by various companies

TABLE 5 Major collaborations and partnerships with diagnostic imaging device companies (2011-2013)

TABLE 6 Global diagnostic imaging devices market size, by region, 2010 – 2013 (USD million)

TABLE 7 Global diagnostic imaging devices market size, by region, 2014 – 2020 (USD million)

TABLE 8 Global diagnostic imaging devices market size, by type, 2010 – 2013 (USD million)

TABLE 9 Global diagnostic imaging devices market size, by type, 2014 – 2020 (USD million)

TABLE 10 Global x-ray diagnostic imaging devices market size, by region, 2010 – 2013 (USD million)

TABLE 11 Global x-ray diagnostic imaging devices market size, by region, 2014 – 2020 (USD million)

TABLE 12 Major difference between analog and digital radiography

TABLE 13 Global x-ray diagnostic imaging devices market size, by technology, 2010 – 2013 (USD million)

TABLE 14 Global x-ray diagnostic imaging devices market size, by technology, 2014 – 2020 (USD million) 

TABLE 15 Global x-ray diagnostic imaging devices market size, by portability, 2010 – 2013 (USD million)

TABLE 16 Global x-ray diagnostic imaging devices market size, by portability, 2014 – 2020 (USD million)

TABLE 17 Global ultrasound diagnostic imaging devices market size, by region, 2010 – 2013 (USD million)

TABLE 18 Global ultrasound diagnostic imaging devices market size, by region, 2014 – 2020 (USD million)

TABLE 19 Global ultrasound diagnostic imaging devices market size, by technology, 2010 – 2013 (USD million)

TABLE 20 Global ultrasound diagnostic imaging devices market size, by region, 2014 – 2020 (USD million)

TABLE 21 Global ultrasound diagnostic imaging devices market size, by portability, 2010 – 2013 (USD million)

TABLE 22 Global ultrasound diagnostic imaging devices market size, by portability, 2014 – 2020 (USD million)

TABLE 23 Global CT scanner diagnostic imaging devices market size, by region, 2010 – 2013 (USD million) 

TABLE 24 Global CT scanner diagnostic imaging devices market size, by region, 2014 – 2020 (USD million) 

TABLE 25 Global CT scanner diagnostic imaging devices market size, by type of slice, 2010 – 2013 (USD million) 

TABLE 26 Global computerized tomography scanner diagnostic imaging devices market size, by region, 2014 – 2020 (USD million)

TABLE 27 Global MRI diagnostic imaging devices market size, by region, 2010 – 2013 (USD million)

TABLE 28 Global MRI diagnostic imaging devices market size, by region, 2014 – 2020 (USD million)

TABLE 29 Global MRI diagnostic imaging devices market size, by architecture, 2010 – 2013 (USD million)

TABLE 30 Global MRI diagnostic imaging devices market size, by architecture, 2014 – 2020 (USD million)

TABLE 31 Global nuclear imaging diagnostic imaging devices market size, by region, 2010 – 2013 (USD million)

TABLE 32 Global nuclear imaging diagnostic imaging devices market size, by region, 2014 – 2020 (USD million)

TABLE 33 Global nuclear imaging diagnostic imaging devices market size, by type, 2010 – 2013 (USD million)

TABLE 34 Global nuclear imaging diagnostic imaging devices market size, by type, 2014 – 2020 (USD million)

TABLE 35 The North American diagnostic imaging devices market size, by country, 2010 – 2013 (USD million)

TABLE 36 The North American diagnostic imaging devices market size, by country, 2014 – 2020 (USD million)

TABLE 37 The U.S. diagnostic imaging devices market size, by type, 2010 – 2013 (USD million)

TABLE 38 The U.S. diagnostic imaging devices market size, by type, 2014 – 2020 (USD million)

TABLE 39 The Canadian diagnostic imaging devices market size, by type, 2010 – 2013 (USD million) 

TABLE 40 The Canadian diagnostic imaging devices market size, by type, 2014 – 2020 (USD million)

TABLE 41 The European diagnostic imaging devices market size, by country, 2010 – 2013 (USD million) 

TABLE 42 The European diagnostic imaging devices market size, by country, 2014 – 2020 (USD million)

TABLE 43 The German diagnostic imaging devices market size, by type, 2010 – 2013 (USD million)

TABLE 44 The German diagnostic imaging devices market size, by type, 2014 – 2020 (USD million) 

TABLE 45 The French diagnostic imaging devices market size, by type, 2010 – 2013 (USD million) 

TABLE 46 The French diagnostic imaging devices market size, by type, 2014 – 2020 (USD million)

TABLE 47 The U.K. diagnostic imaging devices market size, by type, 2010 – 2013 (USD million)

TABLE 48 The U.K. diagnostic imaging devices market size, by type, 2014 – 2020 (USD million)

TABLE 49 The Asia-Pacific diagnostic imaging devices market size, by country, 2010 – 2013 (USD million)

TABLE 50 The Asia-Pacific diagnostic imaging devices market size, by country, 2014 – 2020 (USD million)

TABLE 51 The Japanese diagnostic imaging devices market size, by type, 2010 – 2013 (USD million)

TABLE 52 The Japanese diagnostic imaging devices market size, by type, 2014 – 2020 (USD million)

TABLE 53 The Chinese diagnostic imaging devices market size, by type, 2010 – 2013 (USD million)

TABLE 54 The Chinese diagnostic imaging devices market size, by type, 2014 – 2020 (USD million)

TABLE 55 The Indian diagnostic imaging devices market size, by type, 2010 – 2013 (USD million)

TABLE 56 The Indian diagnostic imaging devices market size, by type, 2014 – 2020 (USD million)

TABLE 57 Major General Electric Company products and categories

TABLE 58 Siemens Healthcare major product categories 

TABLE 59 Major Shimadzu Corporation products and categories 

TABLE 60 Major Hologic, Inc. products and categories 

TABLE 61 Hitachi, Ltd. major categories and products

TABLE 62 Major Carestream Health, Inc. categories and products 

TABLE 63 Major FUJIFILM Holding Corporation products and categories

TABLE 64 Major Toshiba Corporation categories and products

TABLE 65 Major Samsung Electronics Co., Ltd. products and categories

TABLE 66 Major Koninklijke Philips N.V. products and categories


List of Figures 

FIG. 1 Diagnostic imaging devices market: Porter’s five force analysis

FIG. 2 Types of diagnostic imaging

FIG. 3 Aging population in major regions, 2000 – 2050 (% share in total population)

FIG. 4 Global diagnostic imaging devices market share, by region, by value, 2013

FIG. 5 Global diagnostic imaging devices market share, by type, by value, 2013

FIG. 6 Global x-ray diagnostic imaging devices market share, by region, by value, 2013

FIG. 7 Global x-ray diagnostic imaging devices market share, by technology, by value, 2013

FIG. 8 Global x-ray diagnostic imaging devices market share, by portability, by value, 2013

FIG. 9 Global ultrasound diagnostic imaging devices market share, by region, by value, 2013

FIG. 10 Global ultrasound diagnostic imaging devices market share, by technology, by value, 2013 

FIG. 11 Global ultrasound diagnostic imaging devices market share, by portability, by value, 2013

FIG. 12 Global CT scanner diagnostic imaging devices market share, by region, by value, 2013 

FIG. 13 Global CT scanner diagnostic imaging devices market share, by technology, by value, 2013

FIG. 14 Global MRI diagnostic imaging devices market share, by region, by value, 2013 

FIG. 15 Global MRI diagnostic imaging devices market share, by architecture, by value, 2013

FIG. 16 Global nuclear imaging diagnostic imaging devices market share, by region, by value, 2013

FIG. 17 Global nuclear imaging system diagnostic imaging devices market share, by type, by value, 2013

FIG. 18 The North American diagnostic imaging devices market share, by country, by value, 2013

FIG. 19 The U.S. diagnostic imaging devices market share, by type, by value, 2013

FIG. 20 The Canadian diagnostic imaging devices market share, by type, by value, 2013

FIG. 21 The European diagnostic imaging devices market share, by country, by value, 2013

FIG. 22 The German diagnostic imaging devices market share, by type, by value, 2013

FIG. 23 The French diagnostic imaging devices market share, by type, by value, 2013 

FIG. 24 The U.K. diagnostic imaging devices market share, by type, by value, 2013 

FIG. 25 The Asia-Pacific diagnostic imaging devices market share, by country, by value, 2013 

FIG. 26 The Japanese diagnostic imaging devices market share, by type, by value, 2013

FIG. 27 The Chinese diagnostic imaging devices market share, by type, by value, 2013

FIG. 28 The Indian diagnostic imaging devices market share, by type, by value, 2013

FIG. 29 Competitive landscape of diagnostic imaging devices market, 2013

FIG. 30 Company share of the diagnostic imaging devices market

FIG. 31 General Electric Company revenue and net earnings, 2011 - 2013 (USD million)

FIG. 32 Siemens Healthcare revenue and profit, 2012 - 2014 (USD million)

FIG. 33 Shimadzu Corporation net sales and net income, 2012 - 2014 (USD million) 

FIG. 34 Hologic, Inc. total revenue and net income, 2012 - 2014 (USD million)

FIG. 35 Hitachi Ltd. revenue and net income, 2011 - 2013 (USD million)

FIG. 36 FUJIFILM Holding Corporation revenue and net income, 2012 - 2014 (USD million)

FIG. 37 Toshiba Corporation net sales and net income 2011 - 2013 (USD million)

FIG. 38 Samsung Electronics Co., Ltd. sales and net income, 2011 - 2013 (USD billion)

FIG. 39 Koninklijke Philips N.V. sales and net income, 2011 - 2013 (USD million)

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