Medical Imaging Market Size, Share, Growth Analysis, 2029

 

Medical Imaging Market was valued at USD 38.1 billion in 2021 and is predicted to reach USD 56.7 billion in 2029 will grow at a CAGR of 5.1% from 2022-2029

The factors driving the growth of Medical Imaging Market includes rising prevalence of chronic diseases such as cancer, diabetes, and cardiovascular diseases around the world, increasing geriatric population, improvements in the living standards and growing demand for early disease diagnosis. Moreover, development of a high-precision CT scanner enabled with Artificial Intelligence (AI) and Machine Learning (ML), rise in Government’s expenditure on improving healthcare infrastructure, and rapid urbanization, are some of the additional factors supplementing the Global Medical Imaging Market. In addition, the increasing investments by leading players on research and development, rising focus on manufacturers on expanding the manufacturing capacity and growing population growth rates are further propelling the Medical Imaging Market Size.

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As per Medical Imaging Market Forecast, Medical Imaging Market is hindered due to high cost of procuring imaging devices.

The major players operating in the market are Ziehm Imaging Inc., Varian Medical Systems, Aribex Corporation, Koninklijke Philips N.V., GE Healthcare, Shimadzu Corporation, Carestream, Siemens Healthineers, PerkinElmer Inc., and Toshiba Medical Systems Inc., among others.

Based on patient Age, the Geriatric segment is predicted to grow at a robust CAGR during the forecast period

As per the Medical Imaging Market Analysis, rising prevalence of chronic diseases amongst the geriatric population is pushing the demand for medical imaging solutions.

Based on End-Users, the Hospitals segment is projected to grow at a faster CAGR over the forecast period

According to the Medical Imaging Market Trends, incorporation of surgical suits with imaging technologies and growing demand for advanced imaging solutions, are some of the factors responsible for the segment’s growth.

Based on Region, the North America is anticipated to expand at a remarkable CAGR during the forecast period

As per the Medical Imaging Market Research, presence of the leading players such as Siemens Healthineers, GE Healthcare, Koninklijke Philips N.V., rising prevalence of chronic diseases, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in North American region.

Key Development

  • In 2020, GE Healthcare launched the digital, AI and imaging solutions, which helped the company in generating more revenue.

Market Segmentation

Segmentation by Modality

  • Stationary
  • Portable

Segmentation by Procedure

  • CT Scanners
  • MRI Scanners
  • Nuclear Medicine Imaging
  • Ultrasound
  • X-Rays
  • Others

Segmentation by Technology

  • Direct Digital Radiology
  • Computed Radiology

Segmentation by Patient Age

  • Adults
  • Paediatrics

Segmentation by Application

  • Cardiology
  • Pelvic and Abdominal
  • Oncology
  • Mammography
  • Gynaecology
  • Neurology
  • Urology
  • Musculoskeletal
  • Dental
  • Others

Segmentation by End-Users

  • Hospitals
  • Diagnostic and Imaging Centers
  • Specialty Clinics
  • Ambulatory Surgical Centers
  • Others

Segmentation by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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