The Diagnostic Imaging Market in North America is expected to grow from US$ 15,802.91 million in 2021 to US$ 19,287.90 million by 2028; it is estimated to grow at a CAGR of 6.2% from 2021 to 2028.

The Growing Need for Advanced North America Diagnostic Imaging Market

The Centers for Disease Control and Prevention (CDC) reports that six in ten Americans live with at least one chronic disease, such as heart disease, stroke, cancer, or diabetes. These conditions are the leading causes of death and disability in North America, contributing significantly to the US$4.1 trillion spent on healthcare in 2020. As the geriatric population, expected to reach 2 billion globally by 2050 (JMIR Publications), is more susceptible to these chronic diseases, the demand for effective diagnostic tools is rising.  

Innovation in diagnostic imaging, particularly with the integration of information and communication technology (ICT), is crucial for improving the diagnosis, treatment, and management of chronic diseases. For example, conditions like osteoporosis, which increases the risk of falls, fractures, and mortality, can be detected early using advanced imaging techniques like computed tomography (CT), magnetic resonance imaging (MRI), and ultrasound. MRI, in particular, provides detailed information on bone pathophysiology, enabling early intervention and prevention. 

This increasing prevalence of chronic diseases and aging is driving the growth of the North America diagnostic imaging market.

Vendors are leveraging new features and technologies to attract customers and expand into emerging markets, contributing to a substantial projected compound annual growth rate (CAGR) for the region.

North America Diagnostic Imaging Market Segments Covered

North America Diagnostic Imaging Market By Modality

• X-ray

• Computed Tomography

• Endoscopy

• Ultrasound

• Magnetic Resonance Imaging

• Nuclear Imaging

• Mammography

North America Diagnostic Imaging Market By Application

• Cardiology

• Oncology

• Neurology

• Orthopedics

• Gastroenterology

• Obstetrics/Gynecology

North America Diagnostic Imaging Market By End User

• Hospital & Clinics

• Diagnostic Imaging Centers

• Ambulatory Surgical Centers

North America Diagnostic Imaging Market Regions and Countries Covered

North America

• US

• Canada

• Mexico

North America Diagnostic Imaging Market leaders and key company profiles

• General Electric Company

• Siemens Healthineers

• Koninklijke Philips N.V.

• KARL STORZ SE & Co. KG

• FUJIFILM Holdings Corporation

• Canon Inc.

• Hologic, Inc.

• Carestream Health Inc.

• Stryker Corporation

• Olympus Corporation

Strategic Insights for the North America Diagnostic Imaging Market

Data-driven strategic insights are essential for navigating the North American diagnostic imaging market. These insights provide:

• Analysis of the industry landscape: Including current trends, key players, and regional variations.

• Actionable recommendations: Enabling businesses to differentiate themselves by identifying untapped market segments and developing unique value propositions.

• Anticipation of market shifts: Using data analytics to forecast changes and position for long-term success.

• Informed decision-making: Empowering stakeholders to drive profitability and achieve business objectives.

Regional Insights for the North America Diagnostic Imaging Market

Understanding the geographic nuances of the North America Diagnostic Imaging Market is critical for success. This includes:

• Local market distinctions: Such as varying consumer preferences, economic conditions, and regulatory environments.

• Targeted strategies: Tailoring offerings to meet specific local demands and expanding into underserved areas.   

• Effective resource allocation: Focusing on specific markets to enhance marketing campaigns and competitive positioning, ultimately driving growth.

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights