Siemens Healthineers AG, GE Healthcare (A subsidiary of GENERAL ELECTRIC) and Koninklijke Philips N.V. are Dominating the Global Medical Imaging Market in 2019

Global Medical Imaging Market is expected to grow with the CAGR of 10.4% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Global medical imaging market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.   

The major players dealing in global medical imaging market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in March 2019, Siemens Healthineers AG received Food and Drug Administration (FDA) approval 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.

Siemens Healthineers AG is the dominating player in global medical imaging market. The other key players existing in the market includes 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., CANON MEDICAL SYSTEMS CORPORATION, Carl Zeiss Ag, FUJIFILM Corporation, Hitachi, Ltd., MEDNAX Services, Inc., Carestream Health (A subsidiary of Onex Corporation), Teleradiology Solutions, UNILABS, ONRAD, Inc. among others.

Siemens Healthineers AG

Siemens Healthineers AG, headquartered in Erlangen, Germany. The company offers technologies and services in the areas of diagnostic and therapeutic imaging, laboratory diagnostics and molecular medicine as well as digital health and enterprise services. The company has multiple business segments including imaging, diagnostics, advanced therapies, in this imaging is the market focused segment. The company offers its products in several categories including medical imaging, laboratory diagnostics, point-of-care testing, services, healthcare IT, refurbished system, education and training, online services, in which medical imaging is the market focused category.

The company has wide global presence across the globe such as Europe, Asia-Pacific, North America, South America, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Siemens Healthcare SAS (France), Dedicated2Imaging LLC, (U.S.), Acrorad Co., Ltd., (Japan), Siemens Healthcare d.o.o., (Croatia) and Siemens Healthcare Nederland B.V. (Netherlands) among others.

For instance,

• In March 2019, Siemens Healthineers AG received approval from Food and Drug Administration (FDA) for their product named Mobilett Elara Max mobile X-ray system. This new system provides the complete information technology (IT) security and secures the system. After receiving approval from the FDA, the company commercializes their product into the market and have enhanced their brand value in the market.

GE HEALTHCARE (A SUBSIDIARY OF GENERAL ELECTRIC)

GE HEALTHCARE (A SUBSIDIARY OF GENERAL ELECTRIC) engaged in the pursuit of precision health along with improved outcomes for healthcare providers and for therapy innovators around the world. The company has multiple business segments such as healthcare systems, life sciences in this healthcare systems is the market focused segment.

The company offers wide range of product & service categories such as accessories and supplies, advanced visualization, anesthesia delivery, bone and metabolic health, computed tomography, contrast media, diagnostic ECG, edison, EP recording, goldseal - refurbished systems, healthcare IT, hemodynamic recording, interoperability, interventional image guided systems , life sciences, magnetic resonance imaging, mammography, maternal infant care, molecular imaging, nuclear imaging agents, patient monitoring, radiography, fluoroscopy systems, surgical imaging, ultrasound, ventilators, in this computed tomography, radiography, magnetic resonance imaging, contrast media, interventional image guided systems, surgical imaging, ultrasound are the market focused categories.

The company has presence in Asia-Pacific, Europe, Middle East and Africa, North America, South America with its various subsidiaries such as Biacore (Sweden), GE Healthcare Dharmacon, Inc.(U.S.), Nihon Medi-Physics Co.,Ltd.(Japan), MediPhysics, Inc.(U.S.), Hyclone Laboratories Inc (U.S.), Biosafe SA (Switzeland), ONI Medical Systems (U.S.) and Wipro GE Healthcare Pvt. Ltd.(India) among others.

For instance,

• In December 2019, GE Healthcare (GENERAL ELECTRIC COMPANY) collaborated with Keystone Radiology at MooiMed Private Hospital to provide advanced diagnostic solutions. These services will be available for the medical and surgical patients and MooiMed Sports & Orthopaedic Institute. The company will provide their SIGNA Explorer Magnetic Resonance Imaging (MRI) System, Revolution ACT Computed-Tomography (CT) Scanner, and OEC One C-arm to Keystone Radiology for enhanced services. The company have generated more revenue and enhanced their business with this collaboration.

KONINKLIJKE PHILIPS N.V.

KONINKLIJKE PHILIPS N.V. is headquartered in Amsterdam, Netherlands which was founded in 1891. The company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention to diagnosis, treatment and home care. The company has multiple business segments which are diagnosis & treatment businesses, personal health businesses, connected care & health and other. In this diagnosis & treatment businesses is the market focused segment.

The company has wide global presence in Europe, North America, South America, Asia-Pacific, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as Philips GmbH (Germany), Philips Consumer Lifestyle B.V. (Netherlands), Philips Medical Systems Nederland B.V. (Netherlands), Philips Ultrasound, Inc. (U.S.), Philips Oral Healthcare, LLC (U.S.) among others.

For instance,

• In March 2019, Koninklijke Philips N.V. announced the launch of cloud-based radiology, tele-radiology services. The major focus of this launch is to decrease shortage of radiologists. These product & service launch allows radiologists to do CT, MR, and X-ray without challenging them to be in the same location as of the patient.