Global Medical Imaging Market is Expected to Grow at 10.4% in the Forecast Period of 2020 to 2027

Global Medical Imaging Market is forecasted to grow at 10.4% with factors such as increasing prevalence of chronic diseases and development of innovative medical imaging contrast agents.

Medical imaging market has shown an exceptional penetration in countries such as U.S., Germany and China. Growing usage of imaging modalities for the purpose of diagnostic and treatment have propelled the demand of the market. In developing countries, increasing advancement in the technology is creating opportunity for the global medical imaging market.

Medical Imaging Market Scenario

According to Data Bridge Market Research, medical imaging market in Asia-Pacific region has the highest market share followed by Europe and North America. The market leader Siemens Healthineers AG accounts an estimated market share of approximately 25% to 30% of market share in medical imaging market. The medical imaging sales revenue of Siemens Healthineers AG has increased by 4% to generate sales revenue of USD 10,083.90 million 2019 as compared to 2018.

Siemens Healthineers AG announced that they have received approval from Food and Drug Administration (FDA) for their product Mobilett Elara Max mobile X-ray system. This new system provides complete information technology (IT) security and secures the system. After receiving approval from the FDA, the company commercializes their product into the market.

Medical Imaging Market

Trends Impacting the Market

Now the question is which other regions Siemens Healthineers AG and GE Healthcare (A subsidiary of GENERAL ELECTRIC) are targeting? Data Bridge Market Research has forecasted a large growth in Asia-Pacific medical imaging market and the market leaders targeting Japan and China to be their next revenue pockets for 2020.

The medical imaging market is becoming more competitive every year with companies such as Siemens Healthineers AG, GE Healthcare (A subsidiary of GENERAL ELECTRIC) and KoninklijkePhilips N.V. as they are the market leaders for medical imaging. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the medical imaging market.

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Medical Imaging Market Development

  • In October 2018, MEDNAX Services, Inc has acquired Nevada (U.S.) which is based on Leading Radiology Specialists, LTD it is a private radiology physician group. The major focus of this acquisition is to expand business in radiology as this is the seventh radiology services practice acquisition for the comapany.

Scope of the Medical Imaging Market

Medical imaging market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Germany, U.K., France, Switzerland, Italy, Spain, Netherlands, Russia, Belgium, Turkey, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific in Asia-Pacific, Brazil, Argentina, Rest of South America in South America, South Africa, UAE, Saudi Arabia, Israel, Egypt and Rest of Middle East & Africa in Middle East & Africa.

  • All country based analysis of medical imaging market is further analyzed based on further segmentation. On the basis of type, global medical imaging market is segmented into services and product. On the basis of modality, global medical imaging market is segmented into stationary and portable. On the basis of procedure, the market is segmented into computed tomography (CT) scan, X-ray imaging, magnetic resonance imaging (MRI), ultrasound, nuclear imaging (SPECT/PET) and others. On the basis of technology, the market is segmented into direct digital radiology and computed radiology. On the basis of patient age, the market is segmented into adults and pediatric. On the basis of application, global medical imaging market is segmented into cardiology, pelvic and abdominal, oncology, mammography, gynecology, neurology, urology, musculoskeletal, dental and others. On the basis of end users, the market is segmented into hospitals, diagnostic centers, imaging centers, specialty clinics, ambulatory surgical centers, academic & research institutes and others.

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Key Pointers Covered in Medical Imaging Market Industry Trends and Forecast to 2027

  • Market Size
  • Market Standards and Changes
  • Market Trials in Different Regions
  • Market Requirements in Different Regions
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Regions
  • Sales Data for Market Competitors
  • Key Vendors and Disruptors Study
  • Supply Chain Competiveness
  • Value Chain Analysis

Key Market Competitors Covered in the Report

  • Spectrum Health
  • RamSoft, Inc.
  • InHealth Group
  • Radiology Reports online
  • Siemens Healthineers AG
  • Sonic Healthcare
  • RadNet, Inc.
  • GE Healthcare (A subsidiary of GENERAL ELECTRIC)
  • Alliance HealthCare Services
  • Koninklijke Philips N.V.
  • Hologic Inc.
  • Shimadzu Corporation
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
  • Carl Zeiss Ag
  • FUJIFILM Corporation
  • Hitachi, Ltd.
  • MEDNAX Services, Inc.
  • Carestream Health (A subsidiary of Onex Corporation)
  • Teleradiology Solutions
  • ONRAD, Inc

Above are the key players covered in the report, to know about more and exhaustive list of medical imaging companies, contact us

Research Methodology: Global Medical Imaging Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Doctors, Manufacturers, Health Professionals, Household Appliances
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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