Home >> Report Store >> Healthcare >> Medical Imaging Market, By Product (X-Ray, >

Medical Imaging Market Size Worth $54.9 Billion By 2025 | CAGR: 5.1%

Published Date : 10 / 04 / 18  | Report Format: PDF

The global medical imaging market is expected to grow at growth rate of 5.1% to reach USD 54.9 billion by 2025.

Medical imaging refers to technologies that are used to monitor, diagnose, and treat part of human body in different medical conditions. This system helps physician to get proper and accurate information about the specific area of the body being diagnosed with the possible disease, injury and other medical treatment. Advancement in medical technology plays a strategic role in fostering the change of medical imaging system towards better health outcomes. For example, recent advancements and rising demand for early diagnosis have led to the introduction of advanced X-ray systems that includes Charge – Coupled Device (CCD) and Complementary Metal–Oxide– Semiconductor CMOS based digital system, direct and indirect flat panel detection system, and various others. Such advancements would, in turn, boost the uptake of medical imaging systems, driving the market growth.

Additionally, the global rise in the number of people affected by chronic disease conditions such as cancer, respiratory diseases, and cardiac disorders is likely to drive the market growth to great extent. However, unfavorable reimbursements and the high cost of these devices hamper the growth of this industry to some extent. For example, countries such as the U.S. have declined around 50.0% in reimbursement rates for medical imaging services between 2000 and 2015 and a similar trend can be observed in European and Asian countries.

Key Takeaways

  • Product segment comprises of X-Ray, Nuclear imaging, Computed Tomography, Ultrasound, and MRI. Of which, X-Ray accounted for the largest share, around 8.16 billion in 2017.
  • Nuclear imaging segment is projected to grow with the faster growth rate. Development of new radiotracers coupled with growing investment by key companies to develop novel products in this segment will augment the growth of this sector.
  • North America captured highest revenue share owing to the rising chronic disease incidences, along with the rising purchasing power of people in the U.S. and Canada. For instance, according to the American Cancer Society, Surveillance Research, there were around 1,665,540 cancer cases in 2014, and 1,685,210 cancer cases in 2016.
  • Companies such as Phillips, GE Healthcare, Shimadzu Corporation, Aribex, and Siemens Healthineers are profiled in research
  • Strategic collaborations with small & large scale players to expand companies’ presence in this market is considered to be an important strategy adopted by kay participants. For example, in May 2017, Siemens Healthineers collaborated with the U.S.-based Imricor Medical System. This was a strategic partnership to improve procedures with MRI scan and aimed to develop an integrated solution for treating arrhythmia and improving treatment outcomes.

 KEY BENEFITS OF THE REPORT

  • In-depth analysis of the key market dynamics
  • Granular analysis of the current market scenario and expected factors to affect the market
  • Detailed analysis of the geographic region, regional and county wise analysis
  • Highlight on the strategies that are being adopted by the key players in this market to stay competitive
  • Extensive analysis of the key players dominating the market

The scope of this report covers the market by its major segments, which include as follows:

Market Segmentation

MARKET, BY PRODUCT

  • X-Ray
  • Nuclear imaging
  • Computed Tomography
  • Ultrasound
  • MRI

MARKET, BY TYPE

  • Stationary
  • Portable

MARKET, BY REGION

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • China
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America
    • Rest of APAC
  • Rest of the World
    • Middle East and Africa
    • Latin America

Why AnalystView?

Z

Trusted Partnership

We strive to become one of the trusted partner of our client by offering value added services and concrete research data.

Y

Tailor-Made Solutions

From single reports and data downloads to enterprise subscriptions to custom consultancy, we can base our precise solutions round our client’s exact needs.

Turnaround Time

Our analyst aims to provide research studies in quickest turnaround time and in a much cost effective manner.

T

Data Accuracy and Reliability

We utilize a mix of primary, secondary research, and machine learning algorithms to generate accurate and comprehensive data about market size and revenue forecasts.

Competitive Pricing

We offer most competitive pricing policy across the research industry

Client Testimonials

Asia Pacific based Chemical Industry (Privacy Requested)

Thanks AnalystView for putting a great team to work on our research projects. It was a smooth transition of knowledge and delivery was seamless. We are keen to work with you on our upcoming projects. Thank you once again for the professional attitude your team has demonstrated.

CEO, Europe based Digital Media Company (Privacy Requested)

We had confusion after receiving the final data sheet of report. As per some preliminary we already have, we believe the market is over estimated.. However, after string of calls with analyst, we found their final research analysis was methodologically sound and their work to be very professional and up […]

Managing Director, Chemical based Company, Asia Pacific (Privacy Requested)

We are happy with the way the AnalystView member understood the brief and went about executing our research project.

U.S. Headquartered Medical Device Company (Privacy Requested)

AnalystView team has done brand assessment study for blood glucose monitoring devices market, in which we want enter into….We were very impressed not only by their research skills but also by their understanding of issues relevant to our requirements…!!

Vice President, Petrochemical Firm based in China (Privacy Requested)

It was a pleasure assigning project to AnalystView; they are reliable, fast and friendly. Highly recommend this company for research workJGood stuff!

US based healthcare service provider (Privacy Requested)

Frankly, we didn’t expect much comprehensive data for the report we purchased. To be surprised, I must say the report we received was very nicely executed….It contains all the information we are looking for and satisfied with the quality of the report. Thank you team

Europe based Chemical Industry (Privacy Requested)

Just wanted to say massive thanks for all the help from the AnalystView team. We purchased two reports one is Food Safety Testing report and another one is Enzyme market. These reports have helped us build a sound knowledge base of our business segments and have taken our business to […]

Why Choose Us

We devise research report with quality data:

Combined with an in-depth knowledge of the current industry and a sharp analytical mind, AnalystView serve our customer accurate research in accordance with a constantly evolving industry.

We work with businesses just like yours: 

AnalystView committed to making a positive difference for our clients. This means whatever you demand, chances are we already have experience with something similar.

Share This