Digital Medical Imaging Devices Market Analysis by Business Methodologies, Growth Prospects | Main companies – Koninklijke Philips NV, GE Healthcare, Siemens Healthineers, Esaote SPA, Hologic

Medical Digital Imaging Devices Market Overview

The global digital medical imaging devices market is expected to grow significantly over the forecast period. the Medical Digital Imaging Devices Market is expected to surpass its 2017 market value of USD 12.9 billion at a CAGR of 7.1% over the reporting period.

Market dynamics

Factors such as the increasing incidence and prevalence of chronic diseases worldwide, technical advancements in imaging systems, government investments for modernization of imaging facilities and the number of diagnostic imaging centers are driving the growth of the diagnostic imaging market. The market has been driven by the growing demand for effective early diagnosis methods and a growing population of elderly people. Advancements in technology and increasing investment and government funds, especially in developing countries like India and China, are also expected to fuel the growth of the market in the coming years.

Demand has been increased by advances in digital technology and networks. In most diagnostic radiology procedures, new imaging techniques provide precise anatomical detail. This has contributed to the growth in the use of medical digital imaging in exploratory surgery. Likewise, growing demand for advanced imaging modalities by teaching hospitals and universities to provide advanced technology training is expected to have a major effect on the growth of the market in the coming years. This model, which was previously limited to developed countries, is now also extended to developing countries.

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The high cost of diagnostic imaging systems, technical limitations associated with stand-alone systems, and unfavorable healthcare reforms in the United States, however, are the major factors limiting the development of the market.

Market segmentation

The global digital medical imaging devices market has been segmented into technology, type and end user.

By type, the market has been segmented into CT, X-ray, Ultrasound, MRI, and Nuclear Imaging. The X-ray segment is expected to register the highest CAGR during the forecast period owing to advancements in technology.

Based on technology, the market has been segmented into 2D, B/W, Color and 3D/4D.

The market, by end user, has been segmented into hospitals and clinics, diagnostic center and others.

Regional overview

The Americas is the industry leader and has a promising market for digital medical imaging products, due to the increasing prevalence of cardiovascular, neurological and ophthalmic disorders, which is a major trigger factor, as well as the growth of the geriatric population. Additionally, the Americas is witnessing rapid technological advancements, along with an increase in government initiatives and support for medical device research, which is propelling the growth of the market. Due to factors such as favorable reimbursement scenarios and high patient knowledge, the region also has high adoption of advanced and expensive medical imaging modalities.

Due to major driving factors such as availability of advanced treatment facilities, rising healthcare expenditures and a booming medical technology industry owing to the involvement of major market players, Europe represents the second largest market and holds a significant share of global medical digital. imaging device market. Additionally, the market is driven by the increasing prevalence of chronic disorders such as cardiovascular and neurological disorders, among others.

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Due to the large patient population, faster adoption of healthcare technologies, government measures to improve the quality of healthcare, and the availability of advantageous insurance schemes, Asia-Pacific expected to be the fastest growing region. Moreover, owing to the lower cost of clinical trials, research majors have developed regional headquarters and manufacturing plants in Singapore, China, Japan, Korea, and Australia, indicating that the device market digital medical imaging will develop positively in the future. Japan is the largest medical imaging market in the Asia-Pacific region. The involvement of market giants based in Japan and South Korea is expected to play a significant role in the growth of the regional market. An increasing number of local manufacturing units are expected to supply moderately priced diagnostic units, contributing to the price sensitive and underpenetrated market space in the region.

Due to some major factors such as lack of knowledge, restricted access and availability of processing facilities, the Middle East and Africa is expected to experience the slowest growth in the industry. Due to the growth of the healthcare sector and the increasing availability of specialized care centers, the United Arab Emirates and Saudi Arabia hold the largest market share in the Middle East.

Competitive landscape

Some of the notable players in the global digital medical imaging devices market are Koninklijke Philips NV, GE Healthcare, Siemens Healthineers, Esaote SPA, Canon Medical Systems Corporation, Hologic, Hitachi, and Shimadzu.

Contents

Chapter 1. Prologue to the report

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope of the study

2.2.1 Research objective

2.2.2 Assumptions

2.2.3 Limits

Chapter 3. Research Methodology

3.1 Presentation

3.2 Primary research

3.3 Secondary research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Constraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic indicators

4.6 Trends and evaluation of detection techniques

Chapter 5. Market Factor Analysis

TOC Continued…

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