Diagnostic Imaging Market
Diagnostic Imaging Market
Diagnostic Imaging Market is expected to touch USD 39,029 Million by 2028, expanding at a Compound Annual Growth Rate of 5.6% over the forecast period.
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Diagnostic imaging is a non-infectious method that generates an image of the internal structure of the body for treatment and diagnostic purposes. It is majorly used in medicating fields for precise diagnosis. Ongoing technological innovations in diagnostic imaging, growing investment and allowance by private-public organizations, and accelerating geriatric population are the major factors propelling the diagnostic imaging market share. Moreover, the growing adoption of sophisticated technologies in healthcare and rising incidences of chronic diseases have propelled the market growth. As per the International Agency for Research on Cancer, nearly 19.3 million cases of cancer were reported all over the world, with 9.9 million deaths in 2020. Also, the America medical association projects that more than 60% of people above 65 years will have more than one chronic disease by 2030. However, the high installation cost of imaging technology might hamper the Diagnostic Imaging Market size.
By region, the North American region is anticipated to witness a faster CAGR over the forecast period, owing to the presence of leading market players. Also, increasing product launches, well-developed healthcare infrastructure, and an accelerating geriatric population have strengthened the market growth. As per the Rural Health Information hub, over 46 million adults above 65 years living in the U.S and the number is projected to reach 90 million by 2050. Furthermore, as per the Diagnostic Imaging Market Global Forecast, the ongoing technological advancement and mounting disbursement on healthcare will surge the market growth. As per the CDC, the U.S disburses nearly USD 3.8 trillion on healthcare.
Key Developments:
In 2021, Koninklijke Philips N.V. introduced the spectral detector-based Spectral Computed Tomography (CT) 7500 solution for precise diagnosis.
In 2021, GE Healthcare US developed a Venue Fit, an efficient and compressed POCUS system, by the side of an industry-first artificial intelligence offering for cardiology.
Diagnostic Imaging Market Segmentation:
Diagnostic Imaging Market by Product
· X-Ray Imaging Systems
· Magnetic Resonance Imaging (MRI) Systems
· Ultrasound Systems
· Computed Tomography (CT) Scanners
· Nuclear Imaging Systems
Diagnostic Imaging Market by End User
· Diagnostic Imaging Centers
· Hospitals
· Others
Diagnostic Imaging Market by Application
· Cardiology
· Oncology
· Orthopedics
· Urology
· Neurology
· Dentistry
· Ophthalmology
· Obstetrics/Gynecology (OB/GYN)
Diagnostic Imaging Market by Region:
· Asia Pacific
o China
o Japan
o India
o Rest of APAC
· North America
o United States of America
o Canada
· Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe
· RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
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