Medical Imaging Market 2020 Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2026

Medical Imaging Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

The medical imaging market is projected to witness noteworthy revenue growth on account of constant innovations in medical sector and revolutionizing healthcare infrastructure. Increasing initiatives to improve and advance existing healthcare infrastructures could stimulate the demand for medical imaging systems. Rapidly expanding geriatric population base coupled with surging disease burden could broaden the industry horizon across developing as well as developed economies. According to GMI, the medical imaging market might touch USD 53 billion by the year 2026. 

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Surging adoption of advanced medical imaging instruments like CT, ultrasound and MRI in private as well as public hospitals to conduct easy diagnoses will advance product presence. These devices help medical professionals by offering accurate diagnoses and insights regarding patient health. Forecasters claim that the hospital end-user segment could account for more than 5% CAGR by the end of 2026.

Newly developed medical imaging solutions are used in hospitals during critical operations or surgeries as they provide remarkable efficiency and accuracy. Besides, hospitals have all the essential elements required to conduct these diagnostic imaging procedures.

Frequent incidence of chronic diseases along with proliferating demand for advanced diagnostic devices has fueled the demand for medical imaging systems across the Asia Pacific. Earlier in 2019, the regional market recorded a valuation of USD 8.5 billion. Countries like South Korea and Japan have a strong presence of leading manufacturers like Samsung Medison and Fujifilm, that could play a crucial role in accelerating local business growth.

Prominent industry players like Carestream Health, Canon Medical Systems, Fujifilm, Philips, Siemens Healthineers and GE Healthcare are heavily emphasizing on forming strategic alliances and developing novel products to enhance their market presence. Companies are conducting fundraisers to improve their production capabilities. Taking August 2020 for instance, Exo Imaging, a medical device company, raised a total of $40 million from its latest Series B+ funding round, which it intends to utilize on product development and research, and aims to advance its cloud-based workflow software platform and handheld medical device. 

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Partial Chapter of the Table of Content 

Chapter 3.  Medical Imaging Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2015 – 2026

3.3. Industry impact forces

3.3.1.  Growth drivers

3.3.2.  Industry pitfalls & challenges

3.4. Growth potential analysis

3.4.1.  By product

3.4.2.  By end-use

3.5. COVID-19 impact analysis

3.6. Porter’s analysis

3.7. Competitive landscape, 2019

3.8. PESTEL analysis

Chapter 4.  Medical Imaging Market, By Product

4.1. Key segment trends

4.2. X-ray devices

4.2.1.  Market size, by region, 2015-2026 (USD Million)

4.2.2.  Digital

4.2.2.1.    Market size, by region, 2015-2026 (USD Million)

4.2.2.2.    Direct radiography systems

4.2.2.2.1. Market size, by region, 2015-2026 (USD Million)

4.2.2.3.    Computed radiography systems

4.2.2.3.1. Market size, by region, 2015-2026 (USD Million)

4.2.3.  Analog

4.2.3.1.    Market size, by region, 2015-2026 (USD Million)

4.3. Magnetic resonance imaging (MRI)

4.3.1.  Market size, by region, 2015-2026 (USD Million)

4.4. Ultrasound

4.4.1.  Market size, by region, 2015-2026 (USD Million)

4.4.2.  2D ultrasound

4.4.2.1.    Market size, by region, 2015-2026 (USD Million)

4.4.3.  3D ultrasound

4.4.3.1.    Market size, by region, 2015-2026 (USD Million)

4.4.4.  Others

4.4.4.1.    Market size, by region, 2015-2026 (USD Million)

4.5. Computed tomography

4.5.1.  Market size, by region, 2015-2026 (USD Million)

4.6. Nuclear imaging

4.6.1.  Market size, by region, 2015-2026 (USD Million)

4.7. Mammography

4.7.1.  Market size, by region, 2015-2026 (USD Million)