Medical Imaging Equipment Market
Medical Imaging Equipment market study with market size, share, valuation, segment-wise analysis, competitive landscape analysis, regulatory framework analysis and impact of Covid-19 Outbreak on Medical Imaging Equipment industry.
Global Market Study on Medical Imaging Equipment: North America and APAC to Continue Dominating with a Collective Market Share of Over 60% across the Forecast Period
- Report code : PMRREP11215 |
- Industry : Life Sciences & Transformational Health |
- Published On : Jun-2016 |
- Pages : 143 Pages |
- Format :
Advancements in 3D imaging technology has enabled development in computer-aided detection (CAD) and increased applications for imaging diagnostic applications. Moreover, rising incidence of several diseases such as respiratory, orthopedic, and cardiovascular has increased global demand for diagnosis and diagnostic equipment. The global medical imaging equipment market was valued at US$ 29.4 Bn in 2015 and is projected to reach US$ 45.3 Bn by 2023, expanding at a CAGR of 5.6% during the forecast period from 2015 to 2023. Imaging devices such as magnetic resonance imaging (MRI), computed tomography (CT or CAT), and ultrasound have allowed further options for treatment guidance essentially with very low morbidity. This has resulted in highly improved outcomes and quality of life for the patients.
Among all the product types, X-Ray devices, and ultrasound devices collectively accounted for around 50% of the total market share in 2015. Factors such as changing buyer preferences due to rising demand for bedside monitoring and rise in the number of patients catered via urgent care centers and emergency medical services have increased demand for technologically-advanced X-ray systems. Digital X-ray systems have revolutionized X-ray imaging, and thus helped the upsurge of the existing sluggish mature X-ray imaging equipment segment. Factors such as increasing incidence of diseases diagnosed using this imaging technique (such as oral diseases and orthopedic conditions) and product enhancement and upgrade in the form of device portability are likely to drive the market. Moreover, digital X-ray systems are contributing to the growth of the market in terms of revenue due to surging demand for these products across the world. Newer and better imaging technologies such as nuclear imaging and computed tomography (CT) are expected to witness high adoption levels by the end of the forecast period.
In 2015, the global portable X-ray devices market held more than 40% share in X-ray devices market and is expected to record significant growth during the forecast period. Portable X-ray devices have high adoption rates, especially in emergency departments and ICUs. The Stationary X-ray equipment is getting rapidly replaced by mobile and portable X-ray devices triggered by the shift in user preference towards bedside imaging. Furthermore, the advent of new healthcare trends such as home healthcare is also slowing down the sale of stationary X-ray equipment. Ultrasound devices are anticipated to witness a growth of around 7% during the forecast period. Rise in geriatric population will intensify the need for health care products and services since this segment of the population is more prone to diseases such as respiratory (tuberculosis and pneumonia), oral, orthopedic (osteoporosis), and cardiovascular diseases. Early diagnosis of these diseases is crucial for decision making and ensuring proper treatment. These diseases can be accurately diagnosed with the use of imaging equipment such as X-ray, ultrasound, magnetic resonance imaging (MRI), and computed tomography (CT).
REPORT DESCRIPTION
This report on medical imaging equipment market studies the current and future prospects of the market globally. The stakeholders of this report include companies engaged in manufacturing and commercialization of X-ray, ultrasound, computed tomography (CT), magnetic resonance imaging (MRI) and nuclear imaging equipment. This report comprises an elaborate executive summary, which includes a market snapshot that provides overall information of various segments and sub-segments included in the study scope. This section also provides the overall information and data analysis of the global medical imaging equipment market with respect to the leading market segments based on types of products, technology, and different geographic regions.
The global medical equipment market has been segmented on the basis of product type, technology, and geography. The five major categories of imaging equipment studied in this report include X-ray, ultrasound, computed tomography (CT), magnetic resonance imaging (MRI) and nuclear imaging equipment. The market for each of these equipment has been analyzed on the basis of product types and technology. Market revenue in terms of US$ Mn for the period between 2013 and 2023 along with the compound annual growth rate (CAGR %) from 2015 to 2023 are provided for all the segments, considering 2014 as the base year.
The market overview section of this report explores market dynamics such as drivers, restraints, and opportunities that have the strong impact on the medical imaging equipment market currently and could influence the market in future as well. The market attractiveness analysis has been provided in the market overview section in order to explain the intensity of competition in the market in different geographies. Porter’s five forces analysis is also explained in this section to understand the medical imaging equipment market considering different parameters that have an impact on the sustainability of the companies operating in the medical imaging equipment market. The competitive scenario between different market players is evaluated through market share analysis in the competitive landscape section of the report. All these factors would help the market players to take strategic decisions in order to strengthen their positions and expand their shares in the global market.
Geographically, the medical imaging equipment market been categorized into five major regions namely North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Market revenue in terms of US$ Mn for the period between 2013 and 2023 along with the CAGR % from 2015 to 2023 are provided for all the regions, considering 2014 as the base year. Each geography market is further split to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, Brazil, and GCC countries. The recommendations section included in the report would assist existing market players in expanding their market share and new companies in establishing their presence in the global medical imaging equipment market.
The report also profiles major players in the medical imaging equipment market son the basis of various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Some of the major players profiled in this report include Philips Healthcare, GE Healthcare, Siemens Healthcare, Hologic, Inc¸ Shimadzu Corporation, Samsung Medison Co. Ltd., Hitachi Medical Corporation, Genesis Medical Imaging, Inc., Carestream Health, Inc., Fujifilm Holdings Corporation, Fonar Corporation, and Toshiba America Medical Systems, Inc.
The global medical imaging equipment market is segmented into the following categories:
- Medical Imaging Equipment Market, by Product
- X-Ray Devices
- Stationary
- Portable
- Ultrasound Systems
- Cart/Trolley Based Ultrasound System
- Compact/Portable Ultrasound System
- Computed Tomography (CT) Scanners
- Stationary
- Mobile
- Magnetic Resonance Imaging (MRI) Equipment
- Closed
- Open
- Nuclear Imaging Equipment
- SPECT Scanner
- PET Scanner
- Medical Imaging Equipment Market, by Technology
- X-Ray Devices
- Analog X-ray Technology
- Digital Radiography
- Computed Radiography
- Ultrasound Systems
- 2-D
- 3-D & 4-D
- Doppler
- High Intensity Frequency Ultrasound (HIFU)
- Lithotripsy
- Computed Tomography (CT) Scanners
- Stationary
- Mobile
- Magnetic Resonance Imaging (MRI) Equipment
- Low-Slice
- Medium-Slice
- High-Slice
- Nuclear Imaging Equipment
- SPECT Scanner
- PET Scanner
- Medical Imaging Equipment Market, by Geography
- North America
- U.S.
- Canada
- Europe
- U.K
- Germany
- Rest of Europe
- Asia Pacific
- China
- Japan
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa (MEA)
- GCC Countries
- Rest of MEA
- North America
- X-Ray Devices
- X-Ray Devices
Companies covered in Medical Imaging Equipment Market Report
Key participants in global imaging equipment market include,
- GE Healthcare,
- Shimadzu Corporation,
- Philips Healthcare,
- Genesis Medical Imaging inc.,
- Hologic Inc.,
- Siemens Healthcare,
- Samsung Medison Co. Ltd,
- Carestream Health Inc.,
- Hitachi Medical Corporation,
- Fujifilm Holdings Corporation,
- Toshiba Corporation and Fonar Corporation,
- others.
