Diagnostic Imaging Market : Growth Opportunities by Manufacturers, Regions, Type and Application 2017 – 2025

Global Diagnostic Imaging Market: Overview

Diagnostic imaging refers to techniques that allow physicians to look inside our body for clues pertaining to a medical condition. Various techniques and machines enable the imaging of activities, structures, and abnormalities inside our bodies. Some of these are computed tomography (CT) scans, ultrasound, x-rays, MRI scans, and nuclear medicine scans. By application, spine, neurology, gynecology, breast health, general imaging, thoracic, cardiovascular, and orthopedics can be some of the key segments of the global market for diagnostic imaging. Whereas, hospitals, diagnostic imaging centers, research and academic centers, biotechnology and pharmaceutical companies, and Contract Research Organizations (CROs) can be the chief end-use segments.

Global Diagnostic Imaging Market: Key Trends

The increasing incidence of diseases on a global scale, growing geriatric population, and technological advancement in the area of diagnostic imaging techniques are driving the market. Several government and private organizations are aiding the expansion of the global market for diagnostic imaging via vast investments directed at the development of new products. Among the diagnostic imaging methods, the x-ray based examinations are likely to exhibit maximum growth, contributing towards overall market growth.

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On the other hand, exposure to radiation involved in some techniques might increase the risk of cancer among patients, restricting the growth of the global market. Nevertheless, significant opportunities arising from the development of new products will help the market overcome the negative impact of this restraint.

Global Diagnostic Imaging Market: Market Potential

A number of market players are developing innovative devices aimed at offering more precise and faster diagnosis. As a result, several hospitals and clinics have been offering diagnostic imaging services. For instance, in March 2017, Sequoia Hospital started offering 128-sliced CT scans for accurate diagnosis of medical conditions. This new 3D technology ensures that patients will be exposed to minimal radiation, offering high image quality and faster results at the same time.

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Another example is the unveiling of a new center by Delhi-based Mahajan Imaging, an India-based diagnostic center, at Gurugram (previously Gurgaon), in the state of Haryana. The center aims at providing latest diagnostic imaging equipment and services to the residents, with an emphasis on spreading awareness about and offering treatments for women’s health issues.

Global Diagnostic Imaging Market: Regional Outlook

Based on geography, the major segments of the global diagnostic imaging market are Asia Pacific, North America, Europe, and the Rest of the World (RoW). North America is expected to emerge as the leading market for diagnostic imaging. The growth of this region can be attributed to the alarming increase in medical conditions such as cancer.

Asia Pacific is expected to exhibit tremendous growth, with countries such as China, Japan, and India representing a major share of the regional market for diagnostic imaging. The rising awareness about the availability and benefits of these tests, increasing prevalence of chronic disorders, growing healthcare expenditures, and favorable policies of the government are propelling the market for diagnostic imaging in this region.

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Global Diagnostic Imaging Market: Competitive Analysis

Mergers and acquisitions, partnerships, and collaborations are some of the major business strategies adopted by several leading market players. For example, MedyMatch Technology announced its collaboration with IBM Watson Health in March 2017. The key objective of this collaboration was to bring cognitive tools to imaging experts who work with hospital emergency rooms and other crucial settings for helping physicians diagnose intracranial bleeding resulting from stroke and head trauma. Similarly, during the same month, Minneapolis-based medical technology firm CorVascular Diagnostics, LLC announced its collaboration with Novarix, Inc. a manufacturer of medical devices used in intravenous therapy.

Some of the major companies operating in the global market for diagnostic imaging are Toshiba Medical Systems Corporation, Siemens Healthcare GmBH, GE Healthcare, Koninklijke Philips N.V., Shimadzu Corporation, and Hitachi Ltd.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments

  • Market trends and dynamics

  • Supply and demand chain of the market

  • Market valuation (revenue and/or volume)

  • Key trends/opportunities/challenges

  • Forces defining present and estimated future state of the competitive landscape

  • Technological developments

  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments

  • Market trends and dynamics

  • Supply and demand chain of the market

  • Market valuation (revenue and/or volume)

  • Key trends/opportunities/challenges

  • Forces defining present and estimated future state of the competitive landscape

  • Technological developments

  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America

  • Latin America

  • Europe

  • Asia Pacific

  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market

  • Recent developments in the market’s competitive landscape

  • Detailed analysis of market segments up to second or third level of segmentation

  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume

  • Key business strategies adopted by influential market vendors

  • Outline of the regulatory framework surrounding and governing numerous aspects of the market

  • Growth opportunities in emerging and established markets

  • Recommendations to market players to stay ahead of the competition

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