The global diagnostic imaging market was valued at USD 37.8 billion in 2021 and it is anticipated to grow up to USD 66.8 billion by 2031 at a CAGR of 5.9% during the forecast period.
Global Diagnostic Imaging Market report from Global Insight Services is the single authoritative source of intelligence on Diagnostic Imaging Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
The diagnostic health imaging technology has transformed healthcare and now allows for earlier diagnosis of medical conditions, reduces the need for needleless invasive exploratory processes, and creates better patient outcomes. It describes the various technique of viewing the inside of the body to help figure out the causes of an illness or injury and confirm a diagnosis.
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Market Trends and Driver
The growing geriatric population and the increasing prevalence of associated diseases are boosting the growth of the market. The risk of developing diseases increases respectively with age. According to the Centers for Disease Control and Prevention (CDC), nearly 80% of the elderly in the US suffer from at least one chronic condition. Adding to these, the American Medical Association (AMA) estimates that at least 60% of individuals aged 65 and above will be living with more than one chronic condition by 2030. This growth in the aging population will drive the demand for improved healthcare facilities and advanced treatment options and medication. With the rising growth in the geriatric population across the globe, the prevalence of age-associated diseases like Alzheimer’s disease, Parkinson’s disease, arthritis, and dementia, along with CVDs and cancer, is expected to rise.
Market Segments
By Product
- X-ray Imaging Systems
- CT Scanners
- Ultrasound Systems
- MRI Systems
By Application
- X-ray Imaging Systems
- MRI Systems
- Ultrasound Systems
- CT Scanners
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Key Players
- GE Healthcare (US)
- Siemens Healthineers (Germany)
- Koninklijke Philips N.V. (Netherlands)
- Canon Medical Systems Corporation (Japan)
- FUJIFILM Holdings Corporation (Japan)
- Hitachi Ltd. (Japan)
- Carestream Health, Inc. (US)
- Esaote S.p.A (Italy)
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