Diagnostics Imaging Devices Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034
Page: 215 | Report Code: LS240801 | Research Suite: Report (PDF) & Market Data (Excel)
Diagnostic imaging devices are medical instruments been used in the diagnosis and treatment of the internal body organs. They are applied in the diagnosis, monitoring and staging of ailments through capturing images of the main body organs, tissues and structures. Some of diagnostic imaging systems include X-ray imaging system, computer tomography (CT) scanner, magnetic resonance imaging (MRI) system, and injectors for imaging enhancement among others. Diagnostic imaging is often applied in the identification of diseases and in determining the magnitude of the disease and the treatment procedure. As it is shown, every type of the imaging modality has its own benefits depending on the context in which it is used.
These devices are very significant nowadays and have a great role in diagnosing the illnesses, choosing the treatment and managing of the diseases. The global diagnostic imaging devices market has witnessed significant growth over the past decade. This growth is primarily attributed to the rising demand for advanced imaging modalities, particularly in emerging markets where healthcare infrastructure is rapidly developing. Key regions contributing to the market expansion include North America, Europe, Asia-Pacific, and Latin America, each with unique drivers and market dynamics.
The diagnostic imaging devices market is anticipated to
reach USD XXX.X million by 2034 from USD XXX.X million in 2023, at a CAGR of XX.X%
during the forecast period.
The increasing prevalence of chronic diseases such as
cancer, cardiovascular diseases, and neurological disorders coupled with the
aging population necessitates accurate and early diagnosis, boosting the demand
for diagnostic imaging devices. Moreover, technological innovations in
diagnostic imaging, such as 3D and 4D imaging, AI-enhanced imaging techniques,
and the development of portable imaging devices, are significantly enhancing
the quality and accuracy of diagnostics, which is expected to further boost the
diagnostic imaging devices market during the forecast period 2024-2034.
Growth
Drivers:
The rise in chronic diseases that
may necessitate diagnostic imaging including cancer, cardiovascular diseases,
and diabetes propel the diagnostic imaging devices market. Such conditions
often necessitate continued surveillance and imaging for adequate management.
For instance, according to the World Health Organization (WHO) 2023 fact sheet,
non-communicable diseases (NCDs), also known as chronic diseases kill 41 million
people each year, equivalent to 74% of all deaths globally. Higher levels of
early diagnosis of chronic diseases therefore result in enhanced treatments and
better patients’ outcomes hence fueling the market growth.
Rising healthcare expenditure
across the world is the primary factor boosting the demand for diagnostic
imaging devices. Concerning technology, improvements in healthcare
infrastructures, especially of hospitals and diagnostic centers, are opening up
improvements in availability of sophisticated imaging technologies. For
instance, according to the US Centers for Medicare & Medicaid Services,
national health expenditure grew 4.1% to USD 4.5 trillion in 2022, or USD
13,493 per person, and accounted for 17.3% of Gross Domestic Product (GDP).
Persistent growth in the demand for diagnostic imaging devices continues as
healthcare systems in both developed and emerging markets embrace innovation in
technologies.
Technology innovation is a key
factor influencing the diagnostic imaging devices market as they provide high
opportunities for growth. Advanced forms of imaging include high-resolution
imaging, 3-D imaging, and real-time imaging – which taken together, have
advanced the field of diagnosis significantly. For instance, new techniques,
including high-field MRI systems and functional MRI, continue refining the
diagnostic capabilities in terms of speed and precision. Also, the new roles of
AI and machine learning in diagnostic medical imaging are already becoming a
reality. AI algorithms helps the radiology practitioner to analyze intricate
images and identify prominent features of a disease more accurately.
Diagnostic Imaging Devices Segmentation:
By Product Type:
·
Magnetic
Resonance Imaging (MRI) Systems
·
Computed
Tomography (CT) Scanners
·
X-ray Imaging
Systems
·
Enhancement
Injectors
·
Others
By Application:
·
Cardiology
·
Gynaecology
·
Neurology
·
Oncology
·
Orthopedics
·
Others
By End-User:
·
Hospitals
·
Diagnostic
Imaging Centres
·
Specialty
Clinics
·
Ambulatory
Surgical Centres (ASCs)
·
Others
By Region:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East
and Africa
Diagnostic Imaging Devices Market by Product
Type Review:
Based on the product type, the diagnostic imaging devices market is segmented into five segments including magnetic resonance imaging (MRI) systems, computed tomography (CT) scanners, X-ray imaging systems, enhancement injectors, and others. On the basis of product type, the X-ray imaging systems segment is expected to dominate the market in terms of market share, while the magnetic resonance imaging (MRI) systems segment is predicted to grow at the highest rate in terms of CAGR during the forecast period.
Diagnostic
Imaging Devices Market by Application Review:
Based on the application, the
market is segmented into cardiology, gynecology, neurology, oncology,
orthopedics, and others. On the basis of application, the oncology segment is
expected to be the largest in terms of market share, while the orthopedics segment
is predicted to grow at the highest rate in terms of CAGR during the forecast
period.
Diagnostic
Imaging Devices Market by End-User Review:
Based on the end-user, the market
is segmented into hospitals, diagnostic imaging centers, specialty clinics,
ambulatory surgical centers (ASCs), and others. On the basis of end-user, the hospitals
segment is expected to be the largest in terms of market share, while the diagnostic
imaging centers segment is predicted to grow at the highest rate in terms of
CAGR during the forecast period.
Regional
Outlook:
The diagnostic imaging devices market research report offers
detailed analysis and forecasts for five major regions i.e., North America,
Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.
The North America region is forecasted to dominate the global
Diagnostic Imaging Devices market followed by Asia Pacific, Europe, Latin
America, and Middle East & Africa during the forecast period 2024-2034.
The North America region is forecasted to maintain its
dominant position in the global diagnostic imaging devices market, accounting
for a projected market share of XX.X% in 2023. The regional diagnostic imaging
devices market is mainly driven by advanced healthcare infrastructure, a high
prevalence of chronic diseases, and strong technological innovation. The
region's well-established healthcare system and significant investment in
medical research and development have positioned it as a key market for
diagnostic imaging technologies. Moreover, North America is a hub for
technological advancements in diagnostic imaging. Leading companies such as GE
Healthcare, Siemens Healthineers, Koninklijke Philips N.V., and Canon Medical
Systems are based in this region, driving innovation in imaging technologies,
which is predicted to further drive the diagnostic imaging devices market in
the region during the forecast period 2024-2034.
The region encompassing the United States and Canada
controls a substantial portion of the global market share, backed by strong
R&D investigations, high healthcare spending, and favorable policies.
The population of the elderly is rising in North America,
and older people are more likely to develop diseases and conditions that
require diagnostic imaging. For instance, according to the National Council on
Aging (NCOA), there were 57.8 million adults age 65+ living in the U.S. in
2022. This included 31.9 million women and 25.9 million men.
In addition, North America’s high overall healthcare costs, combined with insurance coverage, allow patients greater access to diagnostic imaging technology. Stable reimbursement models in the region further support the use of costly imaging techniques. Also, North America is among the leading regions in both research and development of medical imaging. Constant advancements in technology results to introduction of new imaging technologies and techniques in the market which is anticipated to boost the regional growth rate during the forecast period 2024-2034.
Among the regional markets, Asia Pacific is the
fastest-growing market, mainly due to factors such as growth in healthcare
expenditure, better healthcare facilities available, and growing concern
towards diagnosis. Continued economic growth in nations such as China and India
is resulting in greater health care expenditures and better technology availability.
In addition, the middle-aged population that is growing faster in this region
is also demanding better healthcare services such as imaging services.
Furthermore, governments in the Asia-Pacific region are now keen on developing
the healthcare infrastructure as well as encouraging public private
partnerships, which is likely to drive the market growth in the region during
the forecast period of 2024-2034.
Key
Companies in Diagnostic
Imaging Devices Market:
The research report offers a competitive analysis of
prominent companies operating in the diagnostic imaging devices market. Some of
the leading players profiled in the market research report include:
·
GE HealthCare
·
Koninklijke Philips N.V.
·
Siemens Healthineers
·
FUJIFILM Holdings Corporation
·
CANON MEDICAL SYSTEMS CORPORATION
·
Shenzhen Anke High-tech Co., Ltd.
·
SAMSUNG HEALTHCARE
·
Carestream Health
·
Bayer Pharmaceuticals
·
Esaote SPA
·
SternMed GmbH
· Other Players