Global Medical Imaging Devices Market By Type (Computer Tomography (Ct), Magnetic Resonance Imaging (Mri), Positron Emission Tomography (Pet), Ultrasound, X-Ray, And Others), By Application (Hospital, And Clinic), By Region And Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends And Forecast 2022-2031

Market.us announces the publication of its most recently generated research report titled, “Global Medical Imaging Device Market by Technology (MRI, Computed Tomography, Ultrasound, X-ray, Nuclear Imaging, and others), By Product Type (Portable, and Standalone), By End Users (Hospital, Diagnostic center, and Others) and by Region – Global Forecast to 2029”, which offers a holistic view of the global medical imaging device market through systematic segmentation that covers every aspect of the target market.

The global medical imaging device market is projected to be US$ 25,700.0 Mn in 2019 to reach US$ 45,012.1 Mn by 2029 at a CAGR of 5.8%.

Medical Imaging comprises a number of different technologies that are used to generate three-dimensional, high-resolution images of the body for diagnosing, monitoring, or treating medical conditions. It is one of the most astonishing fields that have transmuted the face of clinical medicine during the last millennium. Modalities such as magnetic resonance imaging (MRI), radiography, nuclear medicine, tomography, ultrasound, photoacoustic imaging, etc. constitute medical imaging. Every imaging modality shows a medical condition by some form of contrast so that the feature of interest, such as a tumor, can be identified in the image and examined by a trained radiologist. All imaging modalities degrade the image in some way or the other. Degradation involves loss of detail or blur and unwanted contrast or noise. Nevertheless, medical imaging plays a vital role in initiatives to improve public health for all population groups as it shows the image of the human body for diagnostic and treatment purposes.

Geriatric care has become a complex and multidisciplinary effort. The use of cutting-edge technology and treatment is better for the proper care of the patients. Specifically, the role of radiology has expanded rapidly in geriatric medicine due to the necessity of definitive imaging of complex symptomatology and the high prevalence of the disease. Therefore, the constantly growing geriatric population is one of the significant factors in driving the market growth. The capabilities of medical imaging have outwardly increased. Due to the necessary research and technological development, there have been several advancements in medical imaging technology. Technological advancements such as the introduction of Open and Portable MRIs, the use of 3D (and potentially even 4D) technologies in diagnostic radiology, digital Mammography, etc. are helping in giving more accurate diagnoses and bettering patient care. Therefore, technology advancements in diagnostic imaging are expected to support market growth.

Global Medical Imaging Device Market Revenue (US$ Mn), 2019–2029 

Moreover, low–cost diagnostic imaging equipment such as ultrasound and X-ray systems installations is increasing in emerging economies such as China and India. High affordability is the major reason for a large number of installations. Further, increasing access to ultrasound and X-ray imaging with a rise in disposable income is helping the market growth in emerging economies. Therefore, increasing adoption of medical imaging devices in emerging economies is creating lucrative opportunities for market growth in emerging economies

However, the prices of imaging modalities such as MRI, CT scanner, etc. are high. Additionally, remodeling, maintenance, and installation costs are high for different medical imaging modalities. Thus, the high costs associated with purchasing and installation of imaging modalities may obstruct the market growth

The global medical imaging device market is segmented based on technology, product type, end-user, and region. Based on technology, the market is further segmented into MRI, computed tomography, ultrasound, X-ray, nuclear imaging, and others. On the basis of product type, the market is segmented into portable and standalone.  Among product types, the standalone segment accounts for a significant share. Based on end-user, the market is segmented into hospitals, diagnostic centers, and others. The hospital segment accounts for a majority share of the global medical imaging device market.

Global Medical Imaging Device Market Attractiveness Index by Technology Type, 2019

On the basis of region, the market is segmented into North America, Europe, APAC, South America, and MEA. North America accounts for the majority share in the global Medical Imaging Device market, owing to the healthy disposable income of the consumer.

The research report on the Global Medical Imaging Device Market includes profiles of some of the major companies such as Canon Medical System Corporation, Philips Healthcare, Siemens AG, Danaher Corporation, Agfa Gevaert, Senecal S.A., General Electric Company, Konica Minolta, Inc., Toshiba Corporation, Hitachi, Ltd, Shimadzu Corporation, FUJIFILM Holdings, Inc.

Key Market Segments

Type

• Computer Tomography (CT)
• Magnetic Resonance Imaging (MRI)
• Positron Emission Tomography (PET)
• Ultrasound
• X-Ray
• Others

Application

• Hospital
• Clinic

Key Market Players included in the report:

• Canon Medical System Corporation
• Philips Healthcare
• Siemens AG
• Danaher Corporation
• Agfa Gevaert
• Sedecal S.A.
• General Electric Company
• Konica Minolta Inc.
• Toshiba Corporation
• Hitachi Ltd
• Shimadzu Corporation
• FUJIFILM Holdings Inc

For the Medical Imaging Devices Market research study, the following years have been considered to estimate the market size: