Medical/Diagnostic Imaging Market Size, Trends, Growth and Forecast Report 2020 to 2027
Increasing prevalence of diseases in growing geriatric population is one of the significant factors influencing market growth.
New York City, United States – May 28, 2020 /MarketersMedia/ —
The global medical imaging market is expected to reach USD 37.02 Billion by 2027, according to a new report by Reports and Data. Medical imaging denotes processes and techniques used to produce images of various parts of the human body for the purpose of diagnostic and treatment. Advancements in imaging technology is expected to drive the market growth in the forecast period. Digital radiography is substituting the analog aspects of both the mammography and X-ray imaging markets, as they perform faster scanning of the human body while delivering enhanced image quality. Furthermore, substitutes for breast MRIs, including positron emission mammography and breast specific gamma imaging, are innovative technologies that provide choices to patients who are unable to undergo a breast MRI.
This report covers the current COVID-19 effects on the economy. This outbreak has brought along drastic changes in world economic situations. The current scenario of the ever-evolving business sector and present and future appraisal of the effects are covered in the report as well.
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Leading Medical/Diagnostic Imaging manufacturers/companies operating at both regional and global levels:
GE Healthcare, Toshiba Medical Systems Inc., Canon Inc., Samsung Electronics Co. Ltd., Hologic, Inc., Fujifilm Holdings Corporation, Siemens Healthineers, Shimadzu Corporation, Koninklijke Philips N.V., and Carestream Health, among others.
For the purpose of this report, Reports and Data have segmented the global medical imaging market on the basis of technology, applications, end-users, and region:
Technology Outlook (Revenue, USD Million; 2016-2027)
• Magnetic Resonance Imaging (MRI)
• Ultrasound Imaging
• Nuclear Imaging
• X-Ray Imaging
• Computed Tomography
• Mammography
Applications Outlook (Revenue, USD Million; 2016-2027)
• Cardiology
• Neurology
• Orthopedics
• Oncology
• Gastroenterology
• Gynecology
• Others
End-Users Outlook (Revenue, USD Million; 2016-2027)
• Hospitals
• Diagnostic Centers
• Others
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Regional Outlook (Revenue, USD Billion; 2017-2027)
• North America
• Europe
• Asia Pacific
• MEA
• Latin America
Further key findings from the report suggest
• By technology, magnetic resonance imaging (MRI) contributed to the largest market share in 2018 and is estimated to have a grow rate of 4.1% in the forecast period. MRI does not include exposure to radiation and hence is safe for people who might be specifically susceptible to the effects of radiation, for instance, pregnant women and babies. MRIs are very useful for viewing soft tissue structures, comprising cartilage and ligaments, and organs like the eyes, heart, and brain.
• By applications, oncology dominated the market in 2018. Detection of cancer at an early stage significantly increases the chances for survival. Creating awareness to encourage early diagnosis and screening are the crucial steps responsible for early detection of breast cancer.
Table Of Contents: Global C Medical/Diagnostic Imaging Market
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027
Chapter 3. Indicative Metrics
Chapter 4. Medical Imaging Segmentation & Impact Analysis
4.1. Medical Imaging Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing prevalence of diseases in growing geriatric population
4.2.2.2. Advancement in the medical imaging technology
4.2.2.3. Rising demand for diagnosis at an early stage
4.2.3. Market restraints analysis
4.2.3.1. Cost-prohibitive medical imaging systems
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Continue…
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To summarize, the global Medical/Diagnostic Imaging market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.
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