The medical imaging equipment global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Medical Imaging Equipment Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The medical imaging equipment market size has grown strongly in recent years. It will grow from $42.68 billion in 2023 to $45.75 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to rising aging population, increasing disease burden, government initiatives, rising awareness, integration of AI.
The medical imaging equipment market size is expected to see strong growth in the next few years. It will grow to $57.71 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to increasing personalized medicine, increasing remote patient monitoring, increasing emerging markets growth, value-based healthcare, increasing precision medicine. Major trends in the forecast period include digital health integration, innovative imaging modalities, technological advancements, telemedicine integration, portable and point-of-care imaging.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The rising prevalence of chronic diseases is expected to propel the growth of the medical imaging equipment market going forward. Chronic diseases are long-lasting conditions that typically progress slowly over time and persist for extended periods, often for years or even a lifetime. It arises due to changing lifestyles, genetic predispositions, and aging populations. Medical imaging equipment helps patients suffering from chronic diseases by facilitating early detection, accurate diagnosis, personalized treatment planning, and ongoing monitoring of disease progression and treatment response. For instance, in September 2022, according to the World Health Organization, a Switzerland-based specialized agency of the United Nations, there were 41 million deaths, which is 74% of those caused by non-communicable diseases (NCDs) or chronic diseases every year globally. There were 17.9 million deaths from cardiovascular diseases, 9.3 million deaths from cancer, 4.1 million deaths from chronic respiratory diseases, and 2.0 million deaths from diabetes. Therefore, the rising prevalence of chronic diseases is driving the growth of the medical imaging equipment market.
Market Trends –
Major companies operating in the medical imaging equipment market are concentrating on the development of advanced products such as Exo Iris, its newest medical imaging device. This device is equipped with real-time artificial intelligence (AI) technology, such as SweepAI, which automatically captures crucial images, reducing reliance on operator skill and ensuring consistent and precise imaging. For instance, in September 2023, Exo, a US-based medical imaging startup company, launched its newest imaging device, Exo Iris, which is designed to be affordable, compact, and easy to use, making it accessible to a wide range of caregivers, including physicians, nurses, EMTs, and clinicians in emergency, acute care, outpatient, and at-home settings. Additionally, it offers features such as an ultra-wide field of view for imaging up to 150 degrees, enabling caregivers to capture an entire liver or full-body fetus in a single view, device also comes equipped with Exo Works, a point-of-care ultrasound workflow solution, to seamlessly document and review exams in seconds from anywhere.
The medical imaging equipment market covered in this report is segmented –
1) By Equipment: Computed Tomography, X-Ray Systems, Magnetic Resonance Imaging (MRI) Systems, Ultrasound Systems, Nuclear Imaging Equipment, Mammography Equipment, Contrast Media Injectors, C-Arms And Fluoroscopy Device
2) By Modality: Stand-Alone Devices, Portable Devices, Hand-Held Devices
3) By Application: Cardiology, Neurology, Orthopedics, Gynecology, Oncology, Other Applications
4) By End-User: Diagnostic Imaging Centers, Ambulatory Surgical Centers, Specialty Clinics, Research Institutes
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Regional Insights –
Asia-Pacific was the largest region in the medical imaging equipment market in 2023. The regions covered in the medical imaging equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the medical imaging equipment market are Medtronic plc., Siemens Healthineers, Fujifilm Medical Systems, Philips Healthcare, Stryker Corporation, GE Healthcare, Analogic Corporation, EIZO Corporation, Terumo Corporation, Mindray Medical International Limited, Hologic Inc., Shimadzu Corporation, PerkinElmer Inc., Carestream Health, Barco NV, Varian Medical Systems Inc., Esaote S.p.A., Samsung Medison Co. Ltd., Canon Medical Systems Corporation, Hitachi Healthcare Ltd., Planmed Oyj, Misonix Inc., Nano X Imaging Ltd., InnoScan Inc
Table of Contents
1. Executive Summary
2. Medical Imaging Equipment Market Report Structure
3. Medical Imaging Equipment Market Trends And Strategies
4. Medical Imaging Equipment Market – Macro Economic Scenario
5. Medical Imaging Equipment Market Size And Growth
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27. Medical Imaging Equipment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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