North America Diagnostic Imaging Equipment Market By Product Type (X-Ray Imaging, Digital, Analog, MRI, Ultrasound, CT-Scan and Nuclear Imaging), Application (Oncology, Cardiology, Orthopaedics and Others), Portability (Stationary X-ray Imaging Systems and Portable X-ray Imaging Systems), Types (Disposable and Reusable), Therapy (Insulin, Glucagon-like Peptide-1, Growth Hormones, Fertility, Osteoporosis and Others), End Users (Hospitals, Diagnostic Centres and Research Centres), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the diagnostic imaging equipment market will exhibit a CAGR of around 5.72% for the forecast period of 2021-2028. Rising public expenditure for advancements in diagnostic imaging equipment, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, and rising expenditure on the healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of diagnostic imaging equipment market.
From the name itself, it is clear that diagnostic imaging equipment is a set of medical instruments and apparatuses that are used in the diagnostic imaging of the internal structure of a human body using electromagnetic radiations. The equipment helps in early diagnosis of diseases and also helps in detecting abnormalities through imaging of organs and tissues.
Upsurge in the focus towards scientific improvement in the modalities of diagnostic imaging are the major factors fostering the growth of the market. Rising focus on the healthcare technological advancements coupled with growing prevalence of chronic diseases is another market growth determinant. Rising number of hospitals and diagnostic imaging centres and ever-rising geriatric population will further generate lucrative market growth opportunities.
However, high costs associated with the imaging and diagnostic systems will derail the market growth rate. High tariffs imposed on importing of medical technologies will further pose challenges for the market. Also, side effects of the radiations on the body and low reserves of helium will also hamper the market growth rate.
This diagnostic imaging equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on diagnostic imaging equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Diagnostic Imaging Equipment Market Scope and Market Size
The diagnostic imaging equipment market is segmented on the basis of product type, application, portability, type, therapy and end-users. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, diagnostic imaging equipment market is segmented into ray imaging, digital, analog, MRI, ultrasound, CT-scan and nuclear imaging. MRI segment is sub-segmented into closed and open. Nuclear imaging segment is sub-segmented into SPECT and hybrid PET.
- Based on application, the diagnostic imaging equipment market is segmented into oncology, cardiology, orthopedics and others.
- Based on portability, the diagnostic imaging equipment market is segmented into stationary x-ray imaging systems and portable x-ray imaging systems.
- On the basis of type, the diagnostic imaging equipment market is segmented into disposable and reusable.
- On the basis of therapy, the diagnostic imaging equipment market is segmented into insulin, glucagon-like peptide-1, growth hormones, fertility, osteoporosis and others
- The diagnostic imaging equipment market is also segmented on the basis of end-users into hospitals, diagnostic centers and research centers.
North America Diagnostic Imaging Equipment Market Country Level Analysis
The diagnostic imaging equipment market is analysed and market size insights and trends are provided by country, product type, application, portability, type, therapy and end-users as referenced above.
The countries covered in the diagnostic imaging equipment market report are U.S., Canada and Mexico.
United States and Canada dominate the diagnostic imaging equipment market in terms of market share and market revenue. This is because of the prevailing advanced healthcare technologies and prevalence of major players in this region. Ever-rising geriatric population, high incidences of chronic diseases and rising awareness amongst individuals for early detection of diseases are some other market growth determinants for this region.
The country section of the diagnostic imaging equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The diagnostic imaging equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for diagnostic imaging equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the diagnostic imaging equipment market. The data is available for historic period 2010 to 2019.
Competitive Landscape and North America Diagnostic Imaging Equipment Market Share Analysis
The diagnostic imaging equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to diagnostic imaging equipment market.
The major players covered in the diagnostic imaging equipment market report are Siemens Healthcare GmbH, Allengers, Canon Inc., Carestream Health., CURA GLOBAL HEALTH INC, FUJIFILM Corporation, GENERAL ELECTRIC COMPANY,, Hitachi, Ltd, Hologic, Inc.. Koninklijke Philips N.V., Neusoft Corporation, SAMSUNG, Shimadzu Corporation, ESAOTE SPA, UMG / DEL MEDICAL, Konica Minolta, Inc., Dornier MedTech and KARL STORZ among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.